Belgium increases its support to stabilization in Iraq with new EUR 1.5 million contribution The Government of Belgium has contributed an additional EUR 1.5 million (approximately US$ 1.49 million) to the Funding Facility for Stabilization. The critical funding will support stabilization efforts implemented by the United Nations Development Programme (UNDP) across Iraq's five governorates: Anbar, […]
Taking care of the youngest: Mosul's only pediatric hospital, Ibn al-Atheer, and the University's Kindergarten reopen The newly rehabilitated Ibn al-Atheer Hospital was officially inaugurated by the United Nations Development Programme (UNDP), the Federal Republic of Germany, the Ministry of Health and the Ninewa Governorate. As the only pediatric hospital in Mosul, Ibn al-Atheer will […]
France Renews its Commitment to Protecting Civilians impacted by Explosive Ordnance in Iraq The United Nations Mine Action Service (UNMAS) welcomes the contribution of EUR 500,000 (approximately USD 495,370) from the Government of France, which will support the Government of Iraq in its efforts to protect civilians impacted by the threat of explosive ordnance and […]
Belgium Provides an Additional EUR 1,000,000 for UNMAS Activities in Iraq The United Nations Mine Action Service (UNMAS) in Iraq welcomes an additional contribution of EUR 1,000,000 (approximately USD 980K) from the Government of Belgium, which will support the Government of Iraq in protecting civilians impacted by the threat of explosive ordnance and enabling humanitarian […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th November 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD923 (+3.2%) / $805 (+1.9%) (weekly change) (+0.5% and 0.0% YTD change, respectively). The weekly trading volume was […]
By John Lee. The International Finance Corporation (IFC), part of the World Bank Group, has proposed a corporate loan of up to USD65 million to Al Douh Cement, one of the leading producers of cement in Iraq, to finance the company's planned expansion of its production capacity. Al Douh was established in 2008 to meet […]
By John Lee. Some Iraqi business people are reportedly interested in investing in Bangladesh's pharmaceutical and leather sectors. According to The Daily Star, this could be either through joint ventures or on their own. The comments follow a visit by a six-strong delegation from the Sulaymaniya Chamber of Commerce & Industry to the Dhaka Chamber […]
The Head of the KRG's Board of Investment, Mohammad Shokri, has laid the groundwork for the provision of 892 residential units in Zakho administration with a budget of 48.8 billion dinars [$33.4 million]. The project comes after 2,073 people with limited income filled online applications to be eligible for the residential units in Zakho. This […]
The Iraq Britain Business Council (IBBC) has hosted a very successful Tech Forum as part of its Autumn Conference in Dubai. The session was chaired by Ashley Goodall, and speakers included: Padraig O'Hannelly, Iraq Business News (IBN); Laura Khudairi, Iraq Venture Partners (IVP); Hossam Darra, SAP; Shamal Mohammed, Silal; Muhammed Canbaloglu, Stirling Education; Ben Muziek, […]
By John Lee. Iraq has set up a new 'Higher Commission for Combating Corruption', to investigate the most serious cases of corruption in the counrty. The new body will be headed by Judge Haider Hanoun Zayer (pictured), who recently took over as head of the Federal Commission of Integrity (FCOI). The announcement follows the recent […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Petroleum Sector Chronicle - Research and Publishing Project Iraq Petroleum Sector Chronicle-IPSC is my major research and publishing project, which I intend to accomplish as fast as I could. This note […]
By John Lee. Iraq's Commission of Integrity has announced that a former governor of Salah Al-Din province has been found guilty, in absentia, of corruption. It said the governor took bribes of approximately $7 million in return for the awarding of contracts. The bribes included 4.6 billion Iraqi dinars and 1.5 million US dollars, in […]
