Tag Archives | South Korea

Supporting Small Businesses in Baghdad, Ninewa and Kirkuk

IOM, KOICA Partner to Support Local Economic Recovery in Baghdad, Ninewa and Kirkuk Decades of conflict in Iraq coupled with the COVID-19 outbreak have severely affected human capital, intensified poverty, and undermined individuals' ability to find decent and sustainable jobs. The consequences of conflicts are especially severe for vulnerable returnees, internally displaced persons (IDPs) and […]

PM lays Foundation Stone for next phase of Grand Faw Port

By John Lee. Prime Minister Mustafa Al-Kadhimi has laid the foundation stone for the next phase of the giant Grand Faw Port project. This phase consists of: The construction of five berths for container ships; Creating the container storage and handling yard, and digging the inland shipping channel; Building the external navigation channel; Building a […]

Iraq receives First Delivery of Vaccines through COVAX Facility

Iraq receives the first delivery of COVID-19 vaccines through the COVAX Facility Amid a global shortage of COVID-19 vaccines, Iraq has finally received 336 000 doses of AstraZeneca COVID-19 vaccine through the COVAX Facility, a partnership co-led by Coalition for Epidemic Preparedness Innovations (CEPI), Gavi - The Vaccine Alliance and the World Health Organization (WHO), […]

Korea extends Support to Stabilization in Iraq

The Ministry of Foreign Affairs of the Republic of Korea (MoFA) is supporting the United Nations Development Programme (UNDP) with an additional USD 5M million to support stabilization activities in areas liberated from the Islamic State of Iraq and the Levant (ISIL) in Iraq. The Republic of Korea's contribution will be channeled through UNDP's Funding […]

Govt Increases Incentives at Bismaya; pays Hanwha $100m

By John Lee. The Iraqi Cabinet has directed Al-Rafidain Bank, Al-Rasheed Bank, and the Trade Bank of Iraq (TBI) to pay $100 million to South Korea's Hanwha Engineering and Construction Company, which is implementing the Bismayah City residential project (pictured). It also agreed to reduce the minimum advance payment for buying housing units at the […]

Alstom signs Letter of Intent for Baghdad Elevated Train

Alstom and the Iraqi Ministry of Transport sign a Letter of Intent for the implementation of the Baghdad Elevated Train An Alstom-led Consortium, together with its partner Hyundai Engineering & Construction, have signed a Letter of Intent with the Iraqi Ministry of Transport to define a framework for all the appropriate steps to accelerate the […]