By John Lee. Iraqi Prime Minister Mustafa al-Kadhimi has officially opened the first phase of the new Samarra power station. The second phase is scheduled to be completed later this year. The station will supply the grid with up to 1260 MW of electricity, and will serve northern Baghdad and Salah al-Din governorate. A third […]
Norway reaffirms its partnership with US$8.3 million contribution for stabilization in Iraq The United Nations Development Programme (UNDP) in Iraq welcomes a NOK 70 million (US$8.3 million) contribution from the Government of Norway to its flagship Funding Facility for Stabilization (FFS). This critical support will focus on stabilizing the five governorates liberated from the Islamic […]
By John Lee. The Iraqi cabinet has agreed to allocate 3 billlion dinars [$2 million] to the Municipality of Baghdad to expand Street 77 and Street 80, and the Baghdad-Kut, Rustumiya road. The funding will be made from the emergency reserve for the fiscal year 2021. (Source: Govt of Iraq)
First Iraqi police officers successfully complete UNDP's e-learning courses "This is the most valuable and scientific learning and training course I have ever had in my career as a police officer, in policing in general, and homicide investigating and e-learning in particular, thanks to a dedicated team of UNDP professionals and efficient trainers, for explaining […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th June 2021). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD941 (+0.9%) / $825 (+2.9%) (weekly change) (+29.7% and +24.4% YTD change, respectively). The number of week traded […]
Policing for the People: New initiative to boost local police services in Iraq Police stations across Iraq will become more service-oriented and will better respond to the needs of citizens thanks to a new initiative between the United Nations Development Programme (UNDP) in Iraq and the Ministry of Interior (MoI), generously funded by the governments […]
By John Lee. Masdar, a subsidiary of the Abu Dhabi-based Mubadala Investment Company, has signed a strategic agreement to develop 2,000 MW of solar photovoltaic (PV) projects in Iraq. Heads of Agreement (HOA) were signed at a virtual ceremony by His Excellency Majid A. Hantosh, Minister of Electricity, the Republic of Iraq, Her Excellency Suha […]
By John Lee. Mark Bryson-Richardson MBE has been appointed as the new British Ambassador to Iraq, taking over from Stephen Hickey. He will take up his appointment in July. Mr Bryson-Richardson has previously served as Deputy Head of Mission in Baghdad in 2013-14. More here. (Source: UK FCDO)
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. When will Iraq's envisioned industrial cities fire up? The previous Iraqi government headed by Adil Abdul Mahdi (Oct. 2018-May 2020) concluded a number of ambitious agreements to establish joint industrial cities with neighboring […]
By John Lee. Iraq has reportedly cancelled its $2-billion pre-paid oil supply agreement with Zhenhua Oil Company. Under a deal said to have been agreed in January, the state-owned Chinese company would pay Iraq in advance for a year's supply of oil. S&P Global Platts reported the following month that Iraq had "frozen" the deal, […]
By John Lee. Iraq's Ministry of Oil has announced finalised 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, […]
Located about 240 kilometers northwest of Baghdad, a quaint city with panoramic views of the desert sits on both sides of the Euphrates River. With over 46,000 residents, Haditha is one of seven major cities in the Anbar governorate. During the war with the Islamic State and the Levant (ISIL), six of those cities were taken by ISIL except for Haditha and a handful of surrounding villages. Unfortunately, due to the fighting, farmers […]
