By John Lee. Starting from January 1, 2024, Iraq will implement a voluntary additional reduction of 220,000 barrels per day (bpd) in coordination with some OPEC+ member countries. This will bring Iraq's total oil production to 4 million barrels per day until the end of March 2024. Post that period, and to support market stability, […]
By John Lee. Under the auspices of H.E. Mr. Mohammed Shiaa Al-Sudani, the Prime Minister, and in the presence of H.E. Mr. Bangin Rekani, the Minister of Reconstruction, Housing, and Public Municipalities, alongside the honourable Member of Parliament, Mr. Yousif Al-Kalabi, and under the supervision of H.E. Dr. Mohammed Jameel Al-Miyahi, the Governor of Wasit, […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani met with Zhang Jiming, the CEO of China's Changxin Company [Shanxi Changxin?], and accompanying delegation. The Prime Minister highlighted Iraq's abundant investment opportunities during the meeting, expressing the government's commitment to providing necessary facilitations for major international companies. Shang Xin Corporation, a prominent Chinese company with global […]
By John Lee. Tareek al-Tebr has won a contract with the United Nations Office for Project Services (UNOPS) for the "Rehabilitation of Nine Water Treatment Plants in Anbar," specifically in Qaim an Ana [Anah]. The contract is valued at $601,441. Under the same reference, UNOPS granted Salah El-Din Company for General Contracting a contract to […]
Iraq: UNESCO and the European Union extend their partnership for training and job creation in the cultural heritage sector UNESCO, the European Union and the Iraqi Ministry of Culture, Tourism and Antiquities announce the launch of a new phase of the project "Reviving Mosul and Basra Old Cities", for an amount of 9 million euros. […]
Duhok Governor Ali Tatar has announced a new project plan for the Duhok International Airport, following Prime Minister Masrour Barzani's directive. The Ministry of Transport and Communications will undertake the project in two stages. With the mapping and review phase complete, implementation is now set to begin. Dylan Rashad, spokesperson for the Ministry, identified the […]
By Sarhang Hamasaeed, Mac Skelton and Zmkan Ali Saleem, for the United States Institute of Peace (USIP). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Climate Adaption Key to Iraq's Stability and Economic Development As water scarcity grows, Iraq's government needs a comprehensive […]
By John Lee. The United Nations Educational, Scientific and Cultural Organization (UNESCO) has awarded Turkish-based ARFADA YENİ TİCARİ EKONOMİK SOSYAL DANIŞMANLIK HİZMETLERİ LİMİTED ŞİRKETİ a contract for "Final External Project Evaluation of Reviving Mosul & Basra Old Cities projects (phases I &II)." The contract value is $36,250. According to UNGM: "The External Final Evaluation shall aims […]
Belgium Contribution Enables UNMAS Iraq to Continue Supporting the Government and the National Mine Action Operators The United Nations Mine Action Service (UNMAS) in Iraq welcomes a renewed contribution of EUR 750,000 (approximately USD 802,000) from the Government of Belgium, in support of life-saving mine action activities in Iraq. Activities will include delivering sustainable and […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: As Iraqis confront the US, some allies of Iran want higher value for Iraqi blood The war between Hamas and Israel in Gaza has over the past month made clear that […]
By John Lee. Baghdad-based Atlas for GIS and Surveying Systems has won a contract with the United Nations Office for Project Services (UNOPS) for a "GIS Training Program for the Ministry of Interior in Baghdad" The contract is valued at $45,050. (Source: UNGM)
The European Commission updated the EU Air Safety List, the list of airlines that are subject to an operating ban or operational restrictions within the European Union, because they do not meet international safety standards. Ensuring the highest level of air safety for Europeans and all other travelling passengers is at the very heart of […]
