Archive | Construction & Engineering In Iraq

Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.

Investment Opportunity in Iraq’s Industrial Sector

The Iraqi Cement Company in coordination with the National Investment Commission (NIC) are pleased to announce the investment opportunities for : Fallujah White Cement Plant Babil Cement Plant The Lime Plant in the Holy City of Karbala We invite specialized Iraqi, Arab and International companies, investors and financers to participate in these investment opportunities to […]

Fitch Revises Outlook on Iraq to Stable; Affirms at ‘B-‘

Fitch Ratings has revised the Outlook on Iraq’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B-‘. The Country Ceiling has been affirmed at ‘B-‘ and the Short-Term Foreign-Currency IDR at ‘B’. KEY RATING DRIVERS The revision of the Outlook reflects the following key rating drivers: Iraq’s fiscal […]

Efforts to Privatize Electricity face Resistance

By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. In a meeting held Feb. 21, Najaf’s provincial council followed in the footsteps of Dhi Qar, Muthanna, Wasit and Diwaniyah and voted against the privatization of the electricity sector in […]

IS damage to Iraqi Infrastructure totals $35bn

Prime Minister Haider al-Abadi has said that the cost of damage to Iraqi infrastructure attributable to the Islamic State group (IS, ISIS, ISIL, Daesh) has reached $35 billion. Abadi said “IS destroyed relations among social categories in Iraq, not to mention the huge humanitarian cost represented the high numbers of deaths, injuries and displaced people”. […]

Funding Facility for Stabilization: 350 Projects, $300m

The Annual Report 2016 presents progress with implementation of the Funding Facility for Stabilization (FFS) between 01 January and 31 December 2016. During 2016, the United Nations Development Programme (UNDP) implemented a high impact, pragmatic approach to stabilization that improves citizen-government ties and revitalizes public trust in the Iraqi Government. FFS quadrupled in size, growing […]

S. Korea Eager to Support Iraq

By John Lee. Prime Minister Haider Al-Abadi has received in his office the South Korea Minister of Land, Infrastructure and Transport, Kang Hoin, and his delegation, to discuss cooperation in transportation, training, energy and infrastructure. Minister Hion expressed his eagerness to support Iraq in its post-Daesh development program, adding that because South Korea has the […]