A total of 80 billion Iraqi dinars (ID), about US $67m, has been allocated to improve the roads in the capital Baghdad, the local municipality said on Tuesday. The money will be used to pave the main streets and highways in the capital, change traffic lights in central Baghdad and to continue construction work on […]
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The Iraqi Journalists Union announced on Tuesday that the Iraqi Housing Bank will lend Iraqi media men up to ID30 million to build houses. “Special privileges will be granted to interested journalists,” the union said in a release received by Aswat al-Iraq news agency. It said that many Iraqi journalists are in need of a […]
Iraqi Minister of Housing and Reconstruction Bayan Daza Yi discussed on Tuesday with Jordanian Prime Minister Samir Rifai the means of strengthening bilateral relations especially in the areas of housing, according to Petra news agency. “During the meeting, the Jordanian prime minister stressed the need to boost the historical bilateral co-operation to serve the common […]
The Finance Ministry instructed the al-Rafideen and al-Rasheed banks to release loans and advances given to the workers of the mixed sector according to the adopted rules. “Finance Minister, Baqer al-Zubaidi, met on Monday (Feb. 22) with the members of the executive office of the National Union of Labor syndicates,” said a ministry’s statement received […]
The Iraqi minister of housing and reconstruction on Monday said that Iraq’s participation in the meetings of the UN-HABITAT meetings in Amman aims to benefit from experience in the region. “A total of 150 representatives of the state-run housing sector in neighboring countries, in addition to the private sector, non-governmental organizations (NGOs), banks and UN […]
Reuters quotes the Iranian Consul to Basra as saying that Iran hopes to double trade with Iraq to $8 billion this year, mostly in the construction, food and industrial sectors. Meanwhile, 60 companies participated in an exhibition of Iranian trade and industry in Basra City. The consul also told Aswat al-Iraq that, “Iran is working […]
A Chinese delegation has visited the Shiite city of Karbala, and expressed its readiness to conduct several projects there, Karbala’s first deputy governor said on Thursday. “The delegation, led by a Chinese businesswoman who owns a number of industrial companies, has finished its visit to Karbala,” Abbas al-Moussawi told Aswat al-Iraq news agency. The delegates […]
According to a report from Reuters, Iraqi Kurdistan’s investment body says the region has attracted more than 12 billion US dollars from local and foreign investors in non-oil sectors over the last three-and-a-half years, mainly in housing. Of this $12 billion, $3.1 billion was from foreign sources, and this would been higher had a $6 […]
A number of German companies presented a proposal to build low-cost housing units in Baghdad, the Investment Commission of Baghdad said on Wednesday. The proposal was made during an investment conference held between German and Iraqi businesses. The Chairman of the Commission stressed the need for more investment in residential developments. (Sources: Aswat Al Iraq, […]
Basra’s Investment Commision is reportedly in discussions with an American company on a possible new factory to make oil pipelines and valves. The deal may involve a joint venture with Ibn Majed Iraqi Engineering Company.
Three engineers were arrested on Tuesday after the collapse of a school in the south of Sulaimaniya, a judicial source said. “The three engineers are responsible for the establishment of the school, which collapsed on Monday (Feb. 15) in central Klara district in south of Sulaimaniya, during which seven workers were wounded,” the source told […]
Aswat Al Iraq reports that an Indian contracting company met with officials from the Basra Investment Commission on Tuesday to discuss possible ventures in the area. “The company has put forward several investment projects in the fields of housing, oil and agriculture to be implemented in the province,” the Commission told Aswat al-Iraq news agency. […]