Tag Archives | Basra News

The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News

Air Arabia announces Sharjah-Basra Route

By John Lee. Emirati low-cost airline Air Arabia has announced the launch of its new route from Sharjah to Basra in Iraq. The new direct flights will connect Sharjah International Airport to Basra International Airport with a frequency of three flights per week starting from June 03, 2024 Schedule to Basra, effective June 03, 2024 […]

Iraq takes Delivery of New Crane Barge

By John Lee. Iraq has taken delivery of a new crane barge, the "Shanashil". Speaking at an inauguration ceremony held at Umm Qasr Port in Basra province, Oil Minister Hayan Abdul Ghani highlighted the significance of this initiative, aimed at supporting national capabilities in managing and maintaining oil ports. He said the new vessel will, […]

Launch of the Joint Coordination Forum (JCF) in Basra

Launch of the Joint Coordination Forum (JCF) in Basra: A Collaborative Milestone for Sustainable Development and Climate Resilience in Iraq H.E. Mr. Asaad Al-Aidani, Governor of Basra and Mr. Ghulam Mohammad Isaczai, the Deputy Special Representative of the Secretary-General, Resident Coordinator, and Humanitarian Coordinator (DSRSG/RC/HC) have launched the Joint Coordination Forum (JCF) in Basra. The […]

Shell Quits Nebras Petrochemical Project

By John Lee. British oil and gas company Shell has withdrawn from the proposed $11-billion Nebras [Nibras] petrochemical project in Basra. According to Argus Media, the company said it made the decision, "after in-depth evaluation on the feasibility of the Nebras integrated petrochemicals complex with our government partners." The company added: "This decision is in […]

90 Investment Opportunities at Basra Industrial Partnerships Forum

By John Lee. Prime Minister Mohammed Shiaa Al-Sudani inaugurated the Basra Industrial Partnerships Forum, a two-day event organized by the Ministry of Industry and Minerals in collaboration with the private sector. According to a statement from the PM's office, the forum showcased successful industrial projects in mineral investment, fertilizers, agricultural sprayers, iron, steel, and chlorine […]

Siemens Energy to supply Five New Substations in Iraq

By John Lee. The Ministry of Electricity (MoE) of the Republic of Iraq has awarded Siemens Energy a contract to deliver five High Voltage Substations on a turnkey basis to address the increasing demand for power transmission in Iraq, providing power to around 2.5 million homes. The government of Iraq is focusing on strengthening the […]

Sar Albraa Wins Contracts with UNAMI

By John Lee. Baghdad-based Sar Albraa for General Contract and Trade has won two contracts with the United Nations Assistance Mission for Iraq (UNAMI): "Construction and Connection of Storm water Networks in Al Ahrar Neighborhood, Basra." The contract is valued at $358,515, with a potential end date of November 30, 2026. "Construction and Connection of Storm […]

Iraqi PM Welcomes Chinese Investment in Industrial Projects

By John Lee. Prime Minister Mohammed Shiaa Al-Sudani met with Zhang Jiming, the CEO of China's Changxin Company [Shanxi Changxin?], and accompanying delegation. The Prime Minister highlighted Iraq's abundant investment opportunities during the meeting, expressing the government's commitment to providing necessary facilitations for major international companies. Shang Xin Corporation, a prominent Chinese company with global […]