Tag Archives | Basra News

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

Protests Spread in Basra as Death Toll Rises

By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Protests spread in oil-rich Basra as death toll rises Repeated closures of Iraq’s key Umm Qasr port and intermittently blocked internet over the past almost two months have led to […]

Iraq to Build 5 New Refineries

By John Lee. The Iraqi Ministry of Oil has reportedly announced that it will select a number of international investment companies to build five new refineries around the country: Kirkuk with a capacity of 70,000 barrels per day (bpd); Wasit capacity of 140,000 bpd; Nasiriyah capacity of 140,000 bpd; Basra card 140,000 bpd; and al-Faw […]

What’s Really Polluting the Shatt al-Arab?

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. What’s Really Polluting Southern Iraq’s Most Important Waterway? For years, fish and other marine life has been disappearing from the all-important Shatt al-Arab waterway in Basra. This wide river at […]

ICTSI builds Umm Qasr Deep-Water Capacity

International Container Terminal Services Inc. (ICTSI) has formally inaugurated two new berths which for the first time offer the port of Umm Qasr, Iraq’s main dry cargo port, the ability to handle container vessels of up to 14,000TEU. The inauguration ceremony marked both the opening for business of the two new berths, Berths 25 and […]

Cabinet Approves $25m Desalination Project

By John Lee. The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. It authorised the Ministries of Education, Higher Education and Scientific Research, other ministries, public bodies and local councils to recruit holders of post- graduate degrees, and to exempt this round of recruitment […]

Daewoo Wins $86m Iraq Order

By John Lee. South Korea’s Daewoo Engineering & Construction has reportedly won an $86 million order to build a prefabrication yard for a tunnel project at the new Al Faw Grand Port in Basra. Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo will complete the Khor Al-Zubair immersed tunnel prefabrication […]

Iraq Duty Free plans First Downtown Store in Baghdad

By John Lee. Iraq Duty Free is reported to be in the process of securing approval to operate the first downtown duty free store in Iraq. The project, to be located in Baghdad, is expected to begin early next year, and open in June 2020. The company is also expanding at Basra International Airport and […]

No End In Sight To Basra’s ‘Poisoned Water’ Crisis

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. By Saleem al-Wazzan. Drinking water in Basra has been found to contain a disastrous cocktail of bacteria, as well as too much salt. Although multiple causes for this are clear, […]

Two More New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Brick factory – State Company for Construction Industries Chlorine and Caustic Soda plant at Basra paper mill – State Company for Petrochemical Industries (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

Two More New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Arar Border Crossing Point – General Commission for Border Crossings Housing Compounds for Basra Federal Appeal Court Employees – Supreme Judiciary Council (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)