Archive | Construction & Engineering In Iraq

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

Hanwha briefs PM on Progress at Bismaya Housing Complex

By John Lee. Prime Minister Haider Al-Abadi has received a delegation from Korean company Hanwha, headed by its President and CEO, Choi Kwang-ho. During the meeting, they discussed the progress at the Basmaya housing complex near Baghdad, with the Prime Minister stressing the importance of securing the road link between the residential complex and the center […]

Netherlands increases Support to Newly Liberated Areas

The Government of Netherlands has contributed an additional USD 14.2 million (EUR 12 million) to UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). The Netherlands is currently the fourth largest donor supporting stabilization work in Iraq, with a total […]

Germany is Top Contributor to Stabilization in Iraq

The Government of the Federal Republic of Germany has contributed an additional US$ 94 million (€80 million) to two major UNDP programmes that are helping to stabilize newly liberated areas – the Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL) and […]

USAID helping Vulnerable Communities in Iraq

USAID Counselor Thomas H. Staal, a former USAID Iraq Mission Director and now one of the agency’s top officials, returned to Iraq December 5-10 to advance U.S. efforts to help Iraq’s most vulnerable communities following the defeat of ISIS. While in Baghdad, Staal met with government officials including Dr. Mahdi al-Allaq, Secretary General of the […]

Funding Facility for Stabilization Q3 Report

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 […]

Investment Opportunity: State Company for Steel Industries

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 […]

Trade Bank of Iraq to establish Saudi branch

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 […]

UNFPA scales up Response after Iraq Earthquake

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 […]

KRG PM Barzani holds Talks with Kurdistan Political Parties

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 […]