INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iraq launches rebuilding of Mosul airport destroyed in ISIS battle

Iraqi soldiers stand amid destruction caused by the Islamic State (IS) group at the archaeological site of Nimrud, south of Mosul. (AFP file)
  • Iraqi Prime Minister Mustafa al-Kadhemi laid the foundation stone for the renovation of the airport in an official ceremony at the airport.
  • At the end of 2021, the Red Cross estimated that 35 percent of west Mosul residents and less than 15 percent in east Mosul have enough water.

Iraqi Prime Minister Mustafa al-Kadhemi on Wednesday inaugurated the reconstruction of Mosul international airport, still in disrepair five years after the battle that expelled the Islamic State group from the city.

Entire sectors of the northern metropolis have remained in ruins since the July 2017 recapture of Mosul by Iraqi forces backed by a US-led multinational coalition.

The airport, which was heavily damaged in the battle, has been disused since the jihadists seized Mosul and adjacent areas in 2014.

Kadhemi, in an official ceremony at the airport on the southern outskirts of Mosul, laid the foundation stone for its renovation.

Airport director Haider Ali told AFP that the reconstruction has been assigned to two Turkish companies and is expected to take 24 months.

Despite the slow pace of reconstruction, the city of 1.5 million inhabitants has regained a semblance of normality: shops have reopened, traffic jams are back and international agencies have been funding restoration projects for historic sites.

But huge challenges remain.

At the end of 2021, the Red Cross estimated that 35 percent of west Mosul residents and less than 15 percent in east Mosul, which bore the brunt of the fighting, have enough water to meet their daily needs.

Kadhemi, quoted in a statement issued by his office, said that “huge efforts” were being made to rebuild the city.

In January, a provincial official spoke of a $266-million budget for major reconstruction projects, notably in the health, education and transport sectors for 2021-2022, according to the state news agency INA.