The Federal Foreign Office of Germany has generously donated EUR 30 million (USD 34.8 million) to the Iraq Humanitarian Fund (IHF), a pooled fund led by the Humanitarian Coordinator and managed by OCHA. “We are deeply grateful to the German Government and the German people for this very generous contribution,” said the Humanitarian Coordinator for […]
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By the end of the third quarter of 2017, UNDP’s Funding Facility for Stabilization (FFS) was undertaking 1,208 projects in 23 cities across five governorates in Iraq. Over one quarter of the projects were being implemented in the city of Mosul, which was fully liberated in July 2017. The liberation of all of Mosul marked […]
A joint team from the World Bank and the Ministry of Water Resources visited Sulaimaniyah Province to assess the impact of the recent earthquake that hit the Iraq-Iran border on the Darbandikhan and Dokan [Dukan] Dams. Both dams are very strategic. They were built in 1961 for flood control, irrigation, drinking water supply and later […]
By John Lee. Iraq’s State Company for Steel Industries, which is owned by the Ministry of Industry and Minerals, has announced an investment opportunities to participate in the management and production of the following projects in accordance with the requirements fixed in the investment profiles: Sandwich Panel production Built-up sections and bridge girders production Metal […]
By John Lee. The state-owned Trade Bank of Iraq (TBI) has reportedly received verbal approval from the Saudi Arabian Monetary Authority (SAMA) to open a branch in Saudi Arabia next year. Chairman Faisal Al Haimus told The National in Abu Dhabi that the bank will launch an asset management business in Abu Dhabi. The lender […]
In the aftermath of the powerful earthquake that struck the Iraq-Iran border on 12 November, UNFPA has scaled up its emergency response to meet the needs of women and girls. The 7.3 magnitude earthquake struck the border region between Iraq and the Islamic Republic of Iran, 30 km southwest of Halabja in Iraq. According to […]
Prime Minister Nechirvan Barzani continued consultations with Kurdistan political parties to support unity and solidarity. Accompanied by Deputy Prime Minister Qubad Talabani and a number of KRG senior officials, they visited Suleimaniya and met with the leaderships of the Change (Gorran) Movement, Patriotic Union of Kurdistan (PUK), and the Kurdistan Democratic Socialist Party. Prime Minister Barzani and the […]
By John Lee. Jordan’s Minister of Industry, Trade and Supply, Ya’rub al-Qudah (pictured), has reportedly signed an agreement with a leading American company and a number of international firms to build an airport and a major logistics center to facilitate reconstruction for Syria and Iraq. According to Al Arabiya, the new facility will be built in […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Engineers in northern Iraq are carrying out repairs on a vital dam damaged by the earthquake that also devastated areas in neighbouring Iran. The dam, which provides water and electricity to about two […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Islamic State group’s occupation of northern Iraq and the battle to defeat it has caused more than $100 billion worth of damage, Prime Minister Haider al-Abadi said on Saturday:
By John Lee. The Supreme National Committee for Water has confirmed that no dams were damaged in yesterday’s earthquake. Following a meeting chaired by Prime Minister Dr. Haider Al-Abadi, the committee siad it has been instructed to continue monitoring Darbandakhan dam to ensure the safety of its basic structure. (Source: Media Office of the Prime […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A 7.3-magnitude quake hit on the Iraq-Iran border area on Sunday night, killing hundreds of people and injuring thousands of others.