By John Lee. Iraq has fallen two place in this year's Legatum Institute Prosperity Index, ranking in 140th place out of the 166 countries measured. The Index consists of 12 pillars of prosperity, split into 67 discrete policy-focussed elements, and is underpinned by 299 indicators. Denmark, Sweden and Norway took the top three positions. The […]
Iraq Reform, Recovery and Reconstruction Fund I3RF : Trust Fund Annual Progress Report to Development Partners 2022 The Iraq Reform, Recovery and Reconstruction Fund (I3RF) was founded in partnership with the Government of Iraq in 2018 and is funded by Canada, Germany, Sweden and the United Kingdom.The Trust Fund provides a platform for financing and […]
From Five One Invest. Re-published with permission by Iraq Business News. ECOSYSTEM OVERVIEW The Iraqi startup ecosystem started with a bang this year. In Q1 of 2022, we witnessed an unprecedented $10.5M investment round (Baly) and $5M (TipTop). The excitement revolved not only around investment value but also around the investor profile. Specifically, Baly's round […]
FAO launches the SIDA funded project, Enhanced Climate Resilience of vulnerable agriculture households in Southern Iraq Under the patronage of the Minister of Agriculture, H.E Abbas JabrAl-Aliawi, the Food and Agriculture Organization of the United Nations (FAO) in Iraq launched in Najaf the project "Enhanced Climate Resilience of vulnerable agriculture households in Southern Iraq" funded […]
TotalEnergies has completed the divestment of its 18-percent interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. An additional contingent consideration of USD […]
Iraq's Minister of Foreign Affairs, Mr Fuad Hussein, has received a copy of the credentials of Ms Jessica Svärdström, Sweden's new ambassador to Iraq. During the meeting, they discussed the bilateral relations between Baghdad and Stockholm, and ways to enhance them to realise the interests of the two friendly peoples. The Minister wished the ambassador […]
By John Lee. More than 500 Americans have filed an Anti-Terrorism Act complaint against Swedish telecom company Ericsson for allegedly aiding campaigns of terrorism in Iraq, Afghanistan, and Syria conducted by al-Qaeda, al-Qaeda-in-Iraq, and Islamic State from 2004 through 2022. According to a statement for the legal firm Sparacino PLLC, Ericsson is accused of making […]
The Council of the European Union has appointed Anders Wiberg as new head of mission for the European Union Advisory Mission in Iraq (EUAM Iraq). He will take up his duties on 16 August 2022 until 30 April 2024. Anders Wiberg is a Chief Superintendent of the Swedish National Police, a service he joined in […]
The United Nations Population Fund (UNFPA), and the Council of Ministers Secretariat (COMSEC), in partnership with the Women Empowerment Department (WED), and support from the United Kingdom, Sweden, France and Canada, organised a two-day conference to address early marriage in Iraq. The conference, which took place on 11-12 June, recognised the alarming situation with early […]
ABB named system integrator and automation solution provider INTECH Process Automation UAE as ABB Value Provider (AVP) for the UAE and Iraq. The AVP program ensures that the services customers receive from AVPs meet the high quality standards of ABB products both globally and locally. Huseyn Tarek, Regional President - MEA&CIS Management, INTECH, said: "We […]
By John Lee. Shares in Swedish telecom company Ericsson closed down nearly 11 percent on Wednesday after the company admitted that some of its employees may have bribed members of the Islamic State group (IS, ISIL, ISIS, Daesh) in Iraq. In a lengthy statement to the markets, the company said: "The investigating team also identified […]
By John Lee. Swedish telecoms company Ericsson has said it is reviewing its investigation into past compliance concerns in Iraq. In a press release, the company said: "Ericsson (NASDAQ: ERIC) has received questions from media regarding past compliance related matters in Iraq. It appears media will focus on the conduct of business in unstable regions […]
