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  • Investors Iraq News's Avatar
    Today, 02:36 PM
    Ms. Jeanine Hennis-Plasschaert assumed her responsibilities today as Special Representative for Iraq of the United Nations Secretary-General and Head of the United Nations Assistance Mission for Iraq (UNAMI), pledging continued UN support for Iraq in its post-conflict recovery. “I am delighted to be here in Baghdad and ready to get down to work. We will continue our efforts in support of Iraq as the country recovers from the fight against terrorism and looks towards a brighter future,” the Special Representative said. “I count on the support of the experienced staff in UNAMI and the UN family in Iraq, and the continued excellent cooperation of the host country so that together we can deliver on our programmes in the service of Iraq and the Iraqis. It is my intention to make the wellbeing of the Iraqis a top priority, and work towards that goal in the security, humanitarian, political, economic and development fields.” Ms. Hennis-Plasschaert, of the Netherlands, brings over 20 years of political and diplomatic experience, having served in several high-level Government and parliamentary positions. She was Minister for Defence of the Netherlands (2012-2017). Ms. Plasschaert also served as a member of the House of Representatives of the Netherlands (2010-2012) and a member of the European Parliament (2004-2010). She worked for the European Commission in Brussels and in Riga, Latvia, and for the City of Amsterdam. UN Secretary-General Antonio Gueterres appointed Ms. Hennis-Plasschaert on 31 August 2018. She succeeded Mr. Ján Kubiš who has served in the post for almost four years. (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 02:36 PM
    By John Lee. More than 100 top executives from more than 50 US companies visitied Iraq last week as part of a US-Iraq trade mission. Steve Lutes, vice president of Middle East Affairs at the U.S. Chamber of Commerce, said: “We want to expand and diversify the US involvement in commercial activity … We look forward to building on this momentum and exploring next steps!” U.S. Ambassador Douglas Silliman described the event as, “the largest US Chamber of Commerce business delegation anywhere in the world this year!” “Now we work to negotiate real contracts and investments,” he added. (Sources: Govt of Iraq, US Chamber of Commerce) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 8 view(s)
  • Investors Iraq News's Avatar
    Today, 02:36 PM
    His Excellency Prime Minister Adil Abd Al-Mahdi expressed his country’s pride in the level of relations with Japan, commended the Japanese government for its support in the fields of security, stability, reconstruction projects, economic and cultural cooperation.His Excellency said during his reception to the Japanese Prime Minister’s Special Adviser Kentaro Sonoura and his accompanying delegation: Japan will be an excellent partner for Iraq, while many infrastructure and service projects in Iraq have been done and we have a lot of interests and ambitions for future projects, underscoring that Iraq has begun to regain stability, health and doing vital role while the countries of the world coming to us because they do feel our country stability, strengthening the security and democratic life. His Excellency Prime Minister presented an initiative for partnership, economic and rebuilding cooperation between the Iraqi and Japanese governments, including the call for the establishment of a joint fund to finance reconstruction projects through the quantities of Iraqi oil exported to Japan. The Fund also funds the Japanese side to encourage Japanese companies to operate in Iraq, The Iraqi government will provide a package of projects in a way that ensures the success of the work of Japanese companies and accelerate their efforts and smooth work. Concerning that initiative, His Excellency Prime Minister confirmed that this initiative will strengthen the Mutual relationship between the two countries, accelerate reconstruction efforts, establishing economic projects, provide job opportunities for Iraqis, diversify national wealth and reduce dependence on oil, also providing opportunities for Japan’s presence in the Iraqi market and the region in general. The Japanese official expressed his interest in the project; He said that he was present when His Excellency Prime Minister presented those projects during His Excellency visit to Japan as oil minister, assuring that he expressed interesting in that vision. It was agreed that the Iraqi side will submit a statement of the main lines of the project through the Japanese Embassy in Baghdad to be studied by the Japanese authorities, thus contributing to the consolidation of cooperation between the two parties. The Japanese official conveyed greetings and congratulations to His Excellency Prime Minister on the occasion of the government formation, reaffirming the Japanese government’s aspiration to expand mutual relations with Iraq in all areas and move more effectively in support of Iraq’s stability, reconstruction, completion of service projects, supporting the Iraqi government’s efforts to develop the Iraqi economy, strengthening security and stability and empowering democratic experience. (Source: Media Office of the Prime Minister) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 02:36 PM
    By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Restraining the Game-Changer: A Decade of Uneven Development in Iraq Petroleum SectorThe development of the Iraqi petroleum sector during the period 2008-2018 represents, from all related aspects, a distinct phase in the sector and in its role in the national economy. Sector-wide petroleum comprises three different but organically liked sub-sectors through critical forward-backward linkages: Upstream (including exploration, field development and production); Midstream (pipeline, storage, export terminals and related infrastructures); Downstream (mainly, crude oil refining, gas processing, petroleum product distribution and petrochemical industries). Though the “State” has been the dominant actor in petroleum sector development, the post 2003 period witnessed an erosion of that role through a grand opening of the sector for International Oil Companies- IOCs; different contractual modalities, mostly reflecting the peculiarities and realities of each sub-sector, were proposed or adopted to govern the legal relations with the IOCs. Thorough and continuing follow-up and research suggest that most of the evidenced development has taken place in the upstream sub-sector, with heavy IOCs involvement in a significant part of the country’ proven oil reserves through four bid rounds that contracted the most prized oilfields; while other two sub-sectors continue-trapped in their chronic misalignment, obsolete technologies and wasteful practices of invaluable natural resource. Moreover, the “triple shocks”; collapsing oil prices since June 2014 (economic risks) accompanied by Da’esh (security risks) effects and Kurdistan Regional Government-KRG taking-over some of North Oil Company-NOC oilfields (June 2014-October 2017) (political risks) made matters even more devastating. And with the then prevailed notions of “the new normal” and the prospect of “lower-for-longer oil price” that contributed into further deepening the fiscal crisis of the state had elevated the “fear-factor” among Iraqi decision makers. That, combining with apparent human, systemic and institutional capacity-gaps limitations (business risks), had resulted in: Iraq giving important concessions to IOCs without having tangible benefits in return; Weakened severely Iraq’s strength in any future negotiation with the IOCs; Establishing a powerful precedent for costly domino effects. Accordingly, the article would argue that, analytically and empirically, a sub-sector focused policy could generate triple-negativities: on the development in that sub-sector; on the entire sector itself and on the sector’s contribution to the development of the national economy. That, obviously, is a testimony of and an indication to the absence of well thought, coherent and integrated petroleum and energy policy; and to the futility of the “indicative non- mandatory” National Development Plan-NDP. Hence, the logical consequences and outcomes would exacerbate structural imbalances, deepen vulnerabilities to external factors and increase dependency on oil revenues, which prohibits desirable structural change, diversification and transformation; a vicious circle of dependency and uneven development. The nature of the topic decides the research methodology. Hence, the article is a multi-disciplinary in its approach focusing on the relevant and important economic, legal, institutional, political economy and geopolitical analytical frameworks and aspects. Also, the article offers evidence-based analysis by relying on official, verifiable and crossed-checked data, information and documentation. Time-series and charts for the ten-years covered period are necessary, and available, for elaboration but avoided for space restriction. The article adopts a holistic view by addressing the three interrelated levels of analysis: micro, sectoral and macro (national), excluding KRG. Throughout the article, many questions were posed indicating the need for further scholarly work and research investigation. Finally, because of my constant follow-up and frequent contributions on Iraqi energy and petroleum sector, this article refers heavily to some of my previous works and publications. The article comprises two parts and concluding remarks: part one identifies and analyzes the most important milestones in petroleum upstream development while part two provides assessment of successes and failures in the petroleum sector-wide and their implications for Iraq. The above is an edited “Abstract and Introduction” of my article published by the academic periodical-IJCIS: Jiyad, A. M. (2018), ‘Restraining the game-changer: A decade of uneven development in the petroleum sector’, International Journal of Contemporary Iraqi Studies, 12:3, pp. 239–67, doi: 10.1386/jcis.12.3.239_1) Kindly note that IJCIS, publishes by Intellect Books-UK, is a subscription periodical with a possibility to purchase, online, the entire issue or any of its articles; web-access link will be provided once the printed copy issue is released in the coming days. Mr Jiyad is an independent development consultant, scholar and Associate with the former Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya(at)online.no, Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 06:03 AM
    Do social protection programs improve life satisfaction? Evidence from Iraq An extensive literature examines the link between social protection-related public spending and objective outcomes of well-being such as income, employment, education, and health. Much less attention has been given to how government social protection policies influence individuals’ own sense of well-being, particularly in low- and middle-income countries (often referred to as developing countries). Yet, the effectiveness and the sustainability of such policies and programs often depend on how people perceive them. This paper examines the relationship between social protection programs and subjective well-being in Iraq. The full report can be read here. (Source: Brookings Institution) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 22 view(s)
  • Investors Iraq News's Avatar
    Today, 06:03 AM
    EU Support to recovery and stability through local development in Iraq – another example of EU-UNDP partnership The European Commission, represented by Director for Development Cooperation for Asia, Central Asia, Middle East/Gulf and the Pacific Region, Mr. Pierre Amilhat, and Gerardo Noto, the UNDP Resident Representative a.i. for Iraq, have today signed an agreement of €47.5 million to support recovery and stability through local level development in Iraq. Mr. Amilhat said today in*Mosul: “As pledged* at the Kuwait Conference for the Reconstruction of Iraq, the EU restates its commitment to assist Iraq in responding to the pressing needs of the population in the aftermath of the conflict with Dae’sh. We are* committed to support Iraq in ensuring improved services and livelihoods opportunities to its population, contributing to the building of a more inclusive and accountable local development.” The project will cover activities ranging from support to urban recovery and development in Mosul and smaller cities and towns affected by the conflict in Anbar, Salah al-Din and Ninewah governorates, as well as in three governorates in the South namely Basrah, Missan, Thi Qar, and the three governorates of Iraqi Kurdistan namely Erbil, Duhok and Suleimaniah. EU’s partnership with*UNDP Iraq, in collaboration with UN Habitat aims at promoting decentralization and provision of basic services while in parallel boosting economic growth and job opportunities. The project will also seek to enhance local revenue generation, promote sustainable development and the use of renewable sources, as well as to encourage participation of Civil Society Organizations in local decision-making processes. UNDP Resident Representative a.i. for Iraq, Mr. Gerardo Noto, said: “We are grateful to EU for our excellent partnership. We jointly help people of Iraq so that no one is left behind as all UN Members Countries committed in the Agenda 2030 and Sustainable Development Goals (SDGs). “This is yet another practical example of support to the authorities and citizens of Iraq in regaining the trust of the local communities and rebuilding the state institutions towards a new social contract to sustaining peace and sustainable development“. (Source: UNDP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 19 view(s)
  • Investors Iraq News's Avatar
    Today, 03:51 AM
    By Khulood al-Amiry for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Baghdad Policewomen’s Roles Expand as they Rise in Ranks As in many places, women who work in law enforcement in Iraq have yet to achieve equality with their male counterparts, but they’re making progress. The Rescue Directorate of the Ministry of Interior deployed Nov. 17 a group of policewomen to patrol the streets of Baghdad and monitor the gates of girls’ schools, colleges, institutes and markets in a bid to combat harassment in public places. That’s just one aspect of their jobs. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 19 view(s)
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    Yesterday, 09:56 PM
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