Tag Archives | Switzerland

UK Law Firm advises on Iraq Port Deal

By John Lee. UK-based international law firm Clifford Chance has announced that it has advised International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) on the US$125 million financing of the development, construction, equipping and operation of both new and existing facilities at the Umm Qasr Port in Iraq. In a press release, the […]

UNDP and swisspeace Building a Peaceful Iraq

Building a peaceful Iraq: New MoU between UNDP Iraq and swisspeace signed A Memorandum of Understanding (MoU) has been signed between the United Nations Development Programme (UNDP) Iraq and swisspeace, to strengthen efforts for peacebuilding and social cohesion in Iraq. The MoU provides a framework for collaboration and secures a two-year partnership between UNDP Iraq […]

Switzerland hopes to Reopen Embassy in Baghdad

By John Lee. Switzerland is hoping to reopen its embassy in Baghdad early next year. The announcement was made after the Chief of Iraq's Protocol Department, Mr. Ali Shamran, met with the Swiss ambassador to Iraq residing in Amman, Mr. Lukas Gasser, and discussed bilateral relations between the two countries and ways to develop them. […]

Iraq Falls in Prosperity Index

By John Lee. Iraq has fallen one place in this year's Legatum Institute Prosperity Index, ranking in 137th place out of the 167 countries measured. The Index consists of 12 pillars of prosperity, built upon 66 actionable policy areas (elements), and is underpinned by 294 indicators. Denmark, Norway and Switzerland took the top three positions. […]

Switzerland Supports WFP Assistance to Refugees in Iraq

The United Nations World Food Programme (WFP) welcomes a donation of US$522,500 from the Government of Switzerland to support the food needs of nearly 24,000 refugees and internally displaced people for one month. The funds, coming through the Swiss Agency for Development and Cooperation, will be used to provide cash assistance to 13,400 Iraqis displaced […]

Seedstars Baghdad chooses Top 3 Startups in Iraq

Seedstars World, the largest seed-stage startup competition for emerging markets and fast-growing startup scenes, hosted its Iraq round this Friday, at The Station, where 8 selected startups were invited to present their companies in front of the local jury panel. The local winners were chosen for their innovative sustainable solutions on their different fields. The […]

ABB to complete Iraq Projects by 2024

By John Lee. ABB is reportedly targeting 2024 for the completion of energy projects in Iraq. Its managing director for the Middle East, Mostafa Al Guezeri, told The National that the Swiss-Swedish company is in the planning stage for its $1.2-billion work in the country. He added that the company was committed to spending more […]

$210m UK Support for GE Power Deal

The UK's Minister of State for Trade and Export Promotion, Baroness Rona Fairhead (pictured), has announced $210.8 million in support from UK Export Finance (UKEF) for the second project agreed under the UK-Iraq infrastructure Memorandum of Understanding. The contracts with the Ministry of Electricity in Iraq, valued at $220 million, will see GE Global Services UK upgrade […]