Tag Archives | World Bank

ICSID Denies Agility's $380m Claim against Korek

Kuwaiti-based logistics provider Agility has said foreign investors "should think carefully about the perils of investing" in Iraq, following a ruling by an international arbitration panel to deny its claims that Iraqi officials expropriated $380 million invested by Agility in an Iraqi telecom company. The ruling, by a panel constituted by the International Centre for […]

WFP, World Bank partner on Socio-Economic Research in Iraq

WFP and the World Bank partner on socio-economic research in Iraq The United Nations World Food Programme (WFP) and the World Bank are partnering on gathering key data on the impacts of COVID-19 on households, including people who are displaced, in camps, and those who have returned to their areas, as well as host communities. […]

IBBC hosts an Online Council Meeting

The Iraq Britain Business Council (IBBC) hosted members on-line, to discuss their annual council meeting and review its activities. The meeting was due to take place in Dubai, but due to sudden COVID restrictions it took place successfully online. Mr Zaid Elyaseri Vice President of BP Iraq and member of the IBBC Executive Committee, chaired […]

Iraqi Cabinet approves $100m for COVID Vaccine

By John Lee. Iraq's Cabinet has approved an allocation of $100 million to buy Coronavirus vaccines. The funding was provided with the assistance of the World Bank. (Source: Iraqi Cabinet, Office of the Prime Minister)

Supporting Vulnerable Youth to Develop Skills

ILO and UNICEF collaborate to support vulnerable youth in Iraq to develop skills and transition from training to decent employment, with support from the Government of the Netherlands The United Nations Children's Fund (UNICEF) and the International Labour Organization (ILO) in Iraq are working together to help young forcibly displaced persons and host community members […]

Why so few Women Work in Iraq

By Miriam Muller and Matthew Wai-Poi, for World Bank Blogs. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What gets in their way? A closer look into why so few women work in Iraq, Jordan, Lebanon Less than 15 percent of women participate in […]

Orange launches Proceedings against Iraqi Govt

By John Lee. French telecoms company Orange Group has reportedly launched legal proceedings against the Iraqi government with the International Center for Settlement of Investment Disputes (ICSID), part of the World Bank, for more than $400m that it alleges was expropriated by the country's regulator. The case relates to the company's investment in Korek, the […]

Breaking Out of Fragility: Diversification and Growth in Iraq

Breaking Out of Fragility: A Country Economic Memorandum for Diversification and Growth in Iraq Iraq is at a crossroads. Almost two decades after the 2003 war, the country remains caught in a fragility trap, facing increasing political instability, growing social unrest, and a deepening state-citizen divide. Amid a multitude of crises (including an oil price […]

KAPITA launches Iraqi Angel Investor Network

KAPITA launches the first Iraqi dedicated Angel Network The Iraqi entrepreneurship ecosystem receives a major boost with the launch of the first Iraqi angel investors network KAPITA is launching Iraq's first Angel Investor Network - IAIN ( https://iraqangels.net/ ) that is dedicated to connecting startups with angel investors in order to develop the Iraqi entrepreneurship […]

Complex Impact of COVID-19 on Food Security in Iraq

New report from FAO, IFAD, WFP and the World Bank reveals complex impact of COVID-19 on food security in Iraq As the COVID-19 pandemic continues to evolve, the Food and Agriculture Organization (FAO), International Fund for Agricultural Development (IFAD), World Food Programme (WFP) and the World Bank have collected and analyzed new data on the […]