Tag Archives | Basra News

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

Basra Governor “quits” after Corruption Investigation

By John Lee. The governor Basra has reportedly stepped down and gone to Iran following an investigation by the Integrity Commission into allegations of corruption against him. The Integrity Commission has asking the foreign ministry in Baghdad to ask Iran to repatriate Majid al-Nasrawi. According to a report from Reuters, a Basra-based politician close to Nasrawi […]

Govt & Industry Leaders: Iraq’s Economic Capital Ready for Business

Advertising Feature Key figures of the Iraqi Government and Ministries have confirmed their attendance at the annual Basra Oil, Gas & Infrastructure Conference due to take place on 30-31 October in Beirut, to highlight the current investment projects available in Basra’s multiple industries and facilitate a direct dialogue towards promoting further business in Iraq’s Economic […]

NIC announces Investment Opportunities

The Ministry of Transport in cooperation with the National Investment Commission (NIC) has announced investment opportunities for commercial, industrial and agricultural purposes according to the location of each lot of land. Investors willing to invest lands referred to are required to send their applications to the Ministry of transport/ Investment Dept. Or to NIC: [email protected] Or […]

Iranian University to Open Branches in Iraq

Iran‘s Islamic Azad University (IAU) seeks to boost cooperation with the neighboring countries and allies, a senior official at the 35-year-old organization said, unveiling plans for opening new branches in Iraq and Lebanon. Head of the Founding Council and Board of Trustees of the Islamic Azad University Ali Akbar Velayati said on Tuesday that his […]

Kurdistan Referendum puts Iran at Crossroads

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As Iraqi Kurds try to iron out internal differences ahead of their referendum on independence in September, Turkey, Iraq and Iran have all announced their opposition, questioning the timing and fearing the implications of such […]

NIC announces Investment Opportunity in Basra

By John Lee. Iraq’s National Investment Commission (NIC) in coordination with the Political Prisoners Firm has announced the investment opportunity of operating Al-Khalidoon Medical Center in Basra province. Interested investors are invited to visit the Political Prisoners Firm HQ (Contracts Section) in Al-Jadiriha near the Double Decker Bridge in order to obtain the details profile […]

A Plague Of Stun Grenades Cause Panic in Basra

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. Different groups are using stun grenades to frighten locals in Basra. Sometimes for religious reasons, other times because of political or criminal grudges. For some time now locals in the […]

EnerMech Launches JV with Khudairi Group

UK-based EnerMech has launched a joint venture with the Khudairi Group in Iraq to target both the re-emerging oil and gas and large infrastructure sectors. The JV, with one of the country’s longest established family-owned groups, is expected to generate $20 million-plus turnover within a short period. The downstream energy and infrastructure rejuvenation along with […]

Al Murabit Security Services opens New Base

Al Murabit Security Services has opened its new office in Burjessia, Basra, demonstrating its commitment to deliver its full security service offering  to customers in southern Iraq, as well as through its headquarters in Baghdad. Situated in the southern oilfields, the new office relocates the team closer to their customers and enables them to better […]

Basra Oil Jetty Resumes Operations

By John Lee. Basra oil terminal, which was damaged by a tanker collision last month, is reported to have been successfully repaired on Sunday. Officials at the South Oil Company (SOC) told Reuters that a one-million-barrel tanker was loading light crude at the terminal on Monday. Total crude oil exports had not been affected by […]