By John Lee. An Iraqi Shi'ite Muslim foundation is reportedly planning to plant a total of 70,000 date palms south of Baghdad. According to Reuters, it has already planted 16,000 date trees outside Karbala [Kerbala]. The scheme is backed by a state loan of IQD 10 billion ($8.43 million). (Source: Reuters)
Iraq Sets up National Authority to Mobilize Global Climate Finance, Manage Environment and Climate Change Challenges On June 2018, Iraq has established a high-powered National Designated Authority to help mobilize global climate funding in support of dealing with pressures imposed by a range of environmental and climate change-related issues. This was announced by the Iraqi […]
By John Lee. The United Nations has advertised new positions in Iraq: Spécialiste Administrateur, Terre des hommes (Tdh) Roving WASH Project Manager, Terre des hommes (Tdh) Data Coordination Assistant, ICMP - International Commission on Missing Persons IT Solutions Associate, UNAMI - United Nations Assistance Mission for Iraq Psychosocial Area Coordinator, UNAMI - United Nations Assistance […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Data Coordination Officer, ICMP - International Commission on Missing Persons International Cash Based Assistance Specialist, UNDP - United Nations Development Programme Logistics Coordinator, Norwegian Refugee Council (NRC) Financial Verification Expert, Danish Refugee Council (DRC) National Monitoring & Evaluation Officer, UNAMI Baseline Assessment […]
Petrofac has secured a new award and a number of contract extensions, with a combined value of more than US$110 million, for construction management, engineering, commissioning and start-up services for international oil company clients in Iraq. Petrofac has been active in Iraq since 2010 and has developed a significant track record in delivering a range […]
By John Lee. Shell has reportedly exited the Majnoon oilfield and handed over its operations to the Basra Oil Company (BOC). Sources told Reuters that the handover was formalised on Wednesday, and that the process was "smooth". According to the news agency, Anton Oilfield Services (AntonOil) and Petrofac will now operate the giant oilfield on […]
The UK's Serious Fraud Office (SFO) has commenced criminal proceedings against Unaoil Monaco SAM and Unaoil Ltd as part of an ongoing corruption prosecution. This follows charges already brought against four individuals for alleged conspiracy to make corrupt payments to secure the award of contracts in Iraq. Unaoil Ltd has been summonsed with two offences […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq may soon be Without a Government, as Clock Runs Out The term of Iraq's current parliament ends June 30, but a mandated manual recount of votes cast in the May 12 election hasn't even begun, and […]
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a financing package of $269 million to Zain Iraq, a leading mobile network operator, to help reconstruct the country’s telecom operations and spur economic growth. IFC arranged a $269 million debt package including $100 million from IFC’s own account, and $169 […]
Gulf Keystone Petroleum (GKP) has mandated Pareto Securities to arrange fixed income investor meetings in conjunction with a potential bond issue. Following these meetings, and subject to market conditions and acceptable terms, a 5-year senior unsecured bond issue of $100 million (the "New Notes") may take place. The proceeds from the New Notes will be […]
The Iraqi Children Foundation intervenes in the lives of children who are vulnerable to abuse, neglect, and exploitation by criminals, human traffickers, and extremists. Street lawyers offer legal protection to orphans, street kids, and children displaced by conflict. Social workers provide help with trauma, health care, abuse, and child labor. Now, a brand new mobile […]
By Sadek Ali. Resounding Victory At the height of its reach, Daesh occupied almost 40% of Iraq’s territory. A tragedy for the communities they enslaved and also for Iraq’s economy: the area occupeid produced 80 thousand barrels of crude oil in 2014. The December 2017 liberation of Iraq was therefore a significant release for both […]
