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Monday, 12 April, 2021 - 08:45 Iraqi Prime Minister, Mustafa al-Kadhimi laying the foundation stone for the Faw megaproject in Basra (AFP) Baghdad - Fadhel al-Nashmi Iraqi Prime Minister Mustafa al-Kadhimi inaugurated Sunday the grand Faw port in the oil-rich southern province of Basra, which contributes to the country’s financial budget. Speaking at the ceremony in Basra, Kadhimi asserted that the grand Faw project is not only for Basra but for all of Iraq. “It is a strategic project that contributes to the development and...

The long-awaited project is intended to create a shorter overland transportation corridor by rail, bypassing the Suez Canal

Business & Human Rights Resource Centre Featured pages Featured pages Update Featured pages Featured pages Story Philippines: Civil society condemns Panay massacre of Indigenous leaders resisting Jalaur Mega Dam; bank financing the dam responds Jalaur River On December 30, 2020, Filipino police officers raided Indigenous villages within a military reservation camp in the central Philippines in search of alleged members of the outlawed New People’s Army (NPA). During the raid, authorities attacked unarmed members of the Tumandok community wh...

Deaths from industrial disasters Time to rectify large companies' neglect of workplace safety Last Monday, another worker died in an industrial accident at POSCO's Pohang Steel Works. The worker, an employee at one of POSCO's partner companies, got stuck while a piece of heavy machinery was being changed at a raw material dock. It was the second death at the nation's largest steelmaker in little more than a month. On Dec. 9, a similar industrial accident occurred there, taking the life of an employee from a subcontracted firm. More than 10 employees of POSCO and its partner firms have died ...

Hana Bank's W200 bil. coal investment in Indonesia violates IFC's green principles By Lee Kyung-min Hana Financial Group is coming under mounting criticism for making a hefty investment in coal power plants in Indonesia, financed by its flagship affiliate, Hana Bank. Hana is the only one among Korea's top five financial groups that has yet to renounce investing in fossil fuels. According to Solutions for Our Climate, a Seoul-based climate change advocacy group, Recourse, its Amsterdam-based non-profit peer organization (NGO), filed a petition with International Financial Corp. (IFC), claimin...