Iraq plans state investment bank to push projects
The new institution, Investment and Development Bank of Iraq will help finance infrastructure projects and steer money towards the private sector in Iraq, pushing forward the country’s economy.
The new institution, Investment and Development Bank of Iraq will help finance infrastructure projects and steer money towards the private sector in Iraq, pushing forward the country’s economy.
The United States reaffirmed their support for Iraq in the fight against al-Qaeda and commended the Government of Iraq for the steps taken to integrate tribal forces.
The National Bank of Iraq will introduce internet and mobile banking this year, as well as install ATM’s, which is a major step for a bank operating in a cash-based economy.
The proposed areas of cooperation will include Rule of Law and Human Rights; Capacity Building in primary and secondary education; and Sustainable Energy for all.
The Iraqi Oil Ministry has reported that construction work has begun on the Karbala refinery, which will use modern technology and conform to environmental standards.
IHEC will run registration and the voting process for voters living abroad to coincide with the parliamentary elections inside Iraq in April.
Prime Minister Nouri Al-Maliki recently sat down with the Washington Post’s Loveday Morris in Baghdad to discuss the government's strategy to fight al-Qaeda in Anbar province, in addition to providing an overview on military cooperation with the United States.
Iraq recently participated in the Second International Conference to support the humanitarian situation in Syria, in response to an appeal launched by the Secretary - General of the United Nations, Mr. Ban Ki-moon.
Prime Minister Maliki praised the role that the United Nations plays through its mission in Iraq (UNAMI) and thanked Mr. Ban Ki-moon for supporting the Iraqi government in the fight against terrorism.
Rehabilitation work will include maintenance of historical cities of Babylon, Ur, Warka, Hatra and Ashur and is crucial to improving Iraq’s historic and tourism sites.
A proposed 420km railway line between the two countries would directly link Baghdad and Aqaba, and would provide cargo and passenger services between the cities.
Iraq’s Ministry of Oil recently approved a contract for a Karbala refinery, which will produce a wide range of petroleum products and serve growing domestic demand.
The UN Security Council expressed strong support for continued efforts of the Iraqi government to meet the security needs of the entire Iraqi population.
Ambassador Faily sat down with Voice of America last week to discuss the latest developments in Iraq. He discussed the ongoing situation in Anbar and disputed the prevailing sectarian narrative, noting the Iraqi government's "evenhanded" approach to tackling extremist groups throughout the country.
Ambassador Faily stressed that Iraq and the United States were cooperating at the highest levels to ensure that Iraq is equipped to fight Al-Qaeda militants. He highlighted aspects of the strategic partnership including cooperation on counter-terrorism and technology-transfer.
Iraqi parliament approved a law under which students will receive monthly financial grants to help their parents provide for their school needs.
The World Bank recently approved the Iraq Transport Corridors Project, a $355 million project to focus on enabling Iraqi staff to plan, manage implement and maintain infrastructure projects.
The city of Erbil prepares to celebrate its appointment as 2014’s Capital for Arab Tourism.
Iraq’s economic potential is trumping security concerns and has expanded dramatically after years of international sanctions and civil strife.
UN Secretary-General Ban Ki-moon expressed his appreciation that Iraq continues to deposit a percentage of its oil revenues to the Compensation Fund, in accordance with UN Security Council resolutions.
Ambassador Faily was welcomed as guest of honor at the Diplomacy Matters Institute Ambassador’s Series luncheon, where he spoke about the rebuilding efforts in Iraq.