Tag Archives | Basra News

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

IBBC and the Southern Governorates

By Robert Tollast. The following opinions are the author’s only, and do not necessarily represent the views of Iraq Business News. Despite the grim headlines, the main challenge for doing business in many parts of Iraq is not really security, it is still bureaucracy and a lack of clarity regarding who is responsible for different […]

PM Abadi: Maysan is a Model Province

By Simon Kent. A recent piece about Basra in The Economist made an interesting point about Iraqi politics today, noting that while in Basra the provincial council suffers deep political divisions, the nearby province of Maysan has a spirit of cooperation under the much lauded, long time governor Ali Dawai Lazem. PM Abadi (pictured) seems to share this […]

Basra Plans World’s Tallest Tower

By Simon Kent. Basra provincial council has reportedly hired international consultancy firm Mott MacDonald to finalise plans for a 3500ft, 240 floor building which would be host to business communities, residents and public entertainment. According to designers AMBS Architects, the “city in the sky” is designed to be an “antidote” to modern super towers in […]

Iran, Iraq Sign 6-Year Gas Deal

Iran has agreed to send 35 mcm/d of its gas to the Iraqi city of Basra for a period of 6-years. Based on the deal, signed by Head of National Iranian Gas Company (NIGC) Reza Araqi and Iraqi Deputy Minister of Electricity Khalid Hassan Saleh, Iran will supply 20mcm/d of natural gas to Basra in […]

100 Youths Join Workshop on Innovation

The United Nations Development Programme (UNDP) concluded a series of workshops training over 100 Iraqi youths on creativity and innovation in transforming ideas into businesses and social projects. As part of UNDP’s Innovation for Development initiative and in collaboration with Zain Iraq, the workshops were held in Baghdad (1-3 October), Basra (15-17 October) and Erbil […]

British Museum sets up Emergency Heritage Mgt Programme

The British Museum is embarking on a programme of co-operation with colleagues in Iraq made possible with £3 million grant from the Department of Culture, Media and Sport (DCMS). This will enable the Museum to deliver a programme of in-depth and specialized training to establish a dedicated corps of Iraqi heritage professionals, fully skilled to […]

Cheap Imports Mean “Made In Iraq” Is Disappearing

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The End of An Industrial Era: Cheap Imports Mean “Made In Iraq” Is Disappearing Almost half of Basra’s smaller manufacturers have closed in the face of a market flooded with […]

Block 9 Reaches Production in Record Time

Kuwait Energy has announced that the consortium comprising of Kuwait Energy (60%) as the operator, Dragon Oil (30%) and the Egyptian General Petroleum Corporation (10%) has commenced oil production from Faihaa-1 well in Block 9, Iraq. The Faihaa-1 well is located in Block 9 field, which is situated in the hub of Iraq’s oil industry […]

IBBC Visits Khor Al Zubair Fuel Depot

Iraq Britain Business Council (IBBC) delegates visited the Khor Al Zubair Fuel Depot this week as part of a Mission to Basrah. Host Mike Douglas, CEO of SKA International, welcomed the delegation and highlighted the following points on making business in Iraq: “You need to be tenacious, as well as patient, in order to succeed […]

Iraq’s Failing Construction Projects

By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Since the fall of Saddam Hussein’s regime following the US-led invasion of Iraq in 2003, there have been hundreds of failed and delayed construction and development projects in the country. A few months after […]