Stabilization in Mosul: 300 projects underway and 10,000 people put to work Three years of ISIL occupation and fierce fighting to retake the Mosul caused widespread destruction. In 10 months, nearly one million Iraqis fled the city. 700,000 are still displaced. Mosul is one of the largest stabilization challenges the people of Iraq and the […]
"The fight against Isil in Iraq is being won. Some 90 % of the areas previously held by Isil have been liberated, and over two million internally displaced Iraqis have returned home. These people are in a very vulnerable situation. It is vital that access to schools, hospitals and other basic services is restored as […]
An official in the Arabian Gulf has stated that construction companies and others in the Gulf Cooperation Council (GCC) look forward to participating in reconstruction projects in Iraq, stressing that it has the potential to qualify for this role. Abdul Rahim Naqi, secretary-general of the Council of Chambers of the Gulf Cooperation Council (GCC) stated […]
The Ministry of Labour and Social Affairs announced that the World Bank has allocated $200 million to implement an emergency project to support stability in the liberated areas. An official spokesman for the Ministry of Labour and Social Affairs stated: “The World Bank has allocated $200 million for the implementation of the emergency project to […]
Reconstruction in Iraq could cost nearly $150 billion covering areas damaged by the war over the past three years, an Iraqi newspaper reported on September 7. The World Bank has made a preliminary assessment of rebuilding costs at the request of Iraq's Reconstruction Fund for Areas Affected by Terrorist Operations, according to the Arabic language […]
Mr Jean-Yves Le Drian, France's Minister for Europe and Foreign Affairs, visited Iraq on 25 and 26 August with Ms Florence Parly, Minister for the Armed Forces. Mr Jean-Yves Le Drian met with the President of the Republic of Iraq, Mr Fuad Masum, the Prime Minister, Haider al-Abadi, and his Iraqi counterpart, Mr Ibrahim al-Jaafari. […]
Fallujah city in Anbar province needs $2 billion for reconstruction, the city’s mayor said on August 10. Eissa al-Sayer told Aljournal News website that securing the amount at present would be difficult given the government’s focus on military operations against IS, adding that world donors should focus donations on service projects rather than the infrastructure. […]
Prime Minister Dr. Haider Al-Abadi has presided over the first meeting of the Higher Committee for Investment and Reconstruction. The Higher Committee for Investment and Reconstruction has held its first meeting under the chairmanship of the Prime Minister Dr. Haider Al-Abbadi, in the presence of all members of the Committee. Dr. Abadi stressed during the […]
The Iraqi-Czech Economic Forum was held in Baghdad on Sunday, 30.07.17 according to the invitation forwarded by the Iraqi deputy speaker of Parliament, Dr. Humam Hamoodi and with the attendance of public and private sectors representatives of the two sides. The conference started with a welcome speech by Dr. Sami AL- Araji, Chairman of the […]
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. While Iraq’s war against terror is far from over, the conclusion of the Mosul offensive should mark the high point in the cost of […]
By John Lee. The Chinese President Xi Jinping has announced that China will provide 80 million yuan ($11.7 million) in new financial aid to the Iraqi government for post-war reconstruction. In a letter to Iraqi President Fuad Masum, delivered by the Chinese Ambassador to Iraq Mr. Chen Weisheng, the Chinese President China added that China […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Haider al-Abadi declared victory in the "liberated" city of Mosul on Sunday, his office said, in the biggest defeat yet for the Islamic State group:
