By John Lee. Prime Minister Haider Al-Abadi has received a delegation from Korean company Hanwha, headed by its President and CEO, Choi Kwang-ho. During the meeting, they discussed the progress at the Basmaya housing complex near Baghdad, with the Prime Minister stressing the importance of securing the road link between the residential complex and the center […]
The Government of Netherlands has contributed an additional USD 14.2 million (EUR 12 million) to UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). The Netherlands is currently the fourth largest donor supporting stabilization work in Iraq, with a total […]
By John Lee. Germany has said that its continuing aid to Iraq depends on peaceful efforts to solve the conflict between Baghdad and Erbil. Reuters quotes German Foreign Minister Sigmar Gabriel (pictured) as saying on Monday: "Our support is for Iraq as a unified state ... We want to continue that, but the precondition is […]
By Saad Salloum for Al Monitor. Any opinions here are those of the author, and do not necessarily reflect the views of Iraq Business News. After decades of suppression, Baha'is celebrate publicly in Baghdad On Nov. 30, Baha’is celebrated the bicentennial of the birth of Baha'u'llah, the founder of the Baha’i faith, in a ceremony […]
The Government of the Federal Republic of Germany has contributed an additional US$ 94 million (€80 million) to two major UNDP programmes that are helping to stabilize newly liberated areas – the Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL) and […]
Over 300 participants, mostly youth, gathered in Baghdad on 12-14 October 2017 to participate in UNDP’s Innovation for Development workshop. Design Thinking and Lean Start-up methodologies were introduced as innovative tools to identify local development challenges and find solutions linked to the Sustainable Development Goals (SDGs) Iraq has adopted in early 2016. Design Thinking is […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
As the Iraqi Government celebrated its final victory over ISIL this week, IOM, the UN Migration Agency, released a new study, which shows that 90 per cent of displaced Iraqis are determined to return home. This is similar to the long-term intentions recorded in 2016. More than 1.3 million internally displaced persons (IDPs) have returned […]
By John Lee. Diala State Company, which is part of Iraq's Ministry of Industry and Minerals, has announced opportunities to invest in a steam iron factory and a ceiling fan factory. (Source: National Investment Commission)
By John Lee. Shares in Irish-based Petrel Resources were trading 20 percent down on Friday after the company said it had reached a settlement in respect of the disposal of 2.2 million Petrel shares by Amira Petroleum's advisers notwithstanding a lock-in agreement entered into on 19 August 2013. According to the company: On 14 August […]
By John Lee. Ur State Company, which is part of Iraq's Ministry of Industry and Minerals, has announced an opportunity to invest in the rehabilitation of an aluminium factory. (Source: National Investment Commission)
USAID Counselor Thomas H. Staal, a former USAID Iraq Mission Director and now one of the agency’s top officials, returned to Iraq December 5-10 to advance U.S. efforts to help Iraq’s most vulnerable communities following the defeat of ISIS. While in Baghdad, Staal met with government officials including Dr. Mahdi al-Allaq, Secretary General of the […]
