From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Inadequate Plans for Camp Closures Recent camp closures have stripped thousands of displaced people of essential services during the Covid-19 pandemic, with inadequate government plans for their return home, Human Rights […]
By John Lee. At its regular meeting on Tuesday, the Iraqi Cabinet agreed to send an invitation, "in a single bid manner", to the French company Total to invest in a project to generate 1,000 megawatts of solar electric power. The project was originally agreed in March as part of a larger engagement with the […]
The IBBC Agritech seminar examined the possibilities and opportunities for a modern agricultural industry in Iraq. Drawing from international NGO insights from the UN's ITC, the World Bank and two of the UK's leading agritech innovation institutions, the distinguished audience heard what technologies and investment are possible for Iraq to embrace. Padraig O'Hannelly, MD of […]
By John Lee. Sharjah 24 reports that Iraq's General Company for Ports is accepting offers from private companies to turn the disused Al-Maqal Port on the Shatt al-Arab into a tourist destination. It adds that an Italian company has already completed designs. Since the Iraq war, the port has reportedly declined for transport purposes, following […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for May of 89,881,268 barrels, giving an average for the month of 2.899 million barrels per day (bpd), slightly down from the 2.947 million bpd exported in April. The exports from the oilfields in central and southern Iraq amounted to approximately 86,820,355 barrels, […]
Entrepreneurs Network and Gain Skills at USAID-Top Mountain Business Canvas Conference in Erbil U.S. Consul General Rob Waller spoke with the over 250 entrepreneurs and job seekers at the second-annual Top Mountain Business Canvas Conference on May 27 at the Rotana Hotel in Erbil. The Business Canvas Conference, supported by the United States Agency for […]
UNAMI has issued an Update on Demonstrations in Iraq: Accountability for Human Rights Violations and Abuses by Unidentified Armed Elements Click here to read the full report. (Source: UN)
SFD signs a $10 million export financing agreement with the National Bank of Iraq The Saudi Fund for Development (SFD) has signed an export financing agreement with the National Bank of Iraq (NBI), a subsidiary of the Capital Bank Group, to provide credit facilities worth $10 million to Iraqi importers who seek to import Saudi […]
India's TVS Motor Company has opened a new marquee showroom in Baghdad with distribution partner Ritaj International General Trade LLC. The showroom, which is spread over 500 sq meters with a built-up area of 840 sq meters, was inaugurated along Palestine Street in Baghdad. It is the first-of-its-kind showroom for TVS Motor Company in the […]
Asiacell and UNDP Iraq join efforts to support youth employment and entrepreneurs Following its commitment to boosting youth employment and strengthening Iraq's Micro, Small, and Medium Enterprises (MSMEs), Asiacell today signed a two-year Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP) in Iraq. The MoU commits the leading telecommunications company and the […]
By John Lee. Iraq's Oil Minister, Ihssan Abdul-Jabbar Ismail, has announced the start of experimental operations at the Yamamah reservoir in the West Qurna 2 oil field, with the aim of increasing output from the reservoir from 10,000 barrels per day (bpd) to 350,000 bpd. When fully implemented, the development would bring total production at […]
KRG Prime Minister Masrour Barzani marked the official opening of the Mount Zawa Cable Car in Duhok province, which will create hundreds of new jobs in coordination with the Ministry of Municipality and Duhok Governorate. The $30 million project connects the Barzan region road to the top of Mount Zawa and includes new restaurants and […]
