Tag Archives | Basra News

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

More than $250m Allocated to Basra Infrastructure

Basra province is to allocate ID200 billion ($170m) to upgrading the province’s sewerage systems, and a  further ID100 ($85m) billion to its electricity supply. “Basra will get revenues from oil exports and border crossings,” Basra Governor Shaltagh Abod said in a press conference on Wednesday, attended by Aswat al-Iraq news agency. He said that the […]

Permit Given for Shopping Complex in Basra

The investment commission in Basra has given an investment permit to establish a shopping complex in the north of the city at a total cost of $3.27 million U.S. dollars. “The project will be carried out in al-Madeena district (100 km north of Basra) on an area of 3,309 square meters,” an official from the […]

Election Watch – Partial Results from All Constituencies

The BBC reports that partial results are now in from all 18 provinces, and Nouri al-Maliki has strengthened his lead over main rival Iyad Allawi. His State of Law coalition is leading in seven provinces, including Baghdad and Basra. Baghdad is the largest constituency, with 70 seats from the total of 325. The Iraqi National […]

Basra – Lowest Unemployment Iraq

A discussion loop in Basra on Sunday showed that the province has the lowest unemployment rate throughout Iraq. “Unemployment is among the biggest challenges that face Iraqi economy,” a source insider to the loop told Aswat al-Iraq news agency. She said that unemployment negatively affects economic and social circumstances in Iraq. (Aswat Al Iraq)

German Envoy Meets Businessmen in Basra

The German ambassador in Iraq has arrived in Basra province and met with a number of local businessmen, the head of the Businessmen Union in the province said on Saturday. “Accompanied by some of his advisors, the German ambassador, Paul von Maltzahn, arrived on Saturday in Basra and met with a number of businessmen and […]

Ports Personnel Contracts Extended to May after protests

Part-time personnel working for the Ports Company have had their contracts extended to May following a peaceful demonstration in Basra city. “The procedure came in the light of instructions from the minister of transportation, Eng. Aamer Abduljabbar Ismail…,” a media official from the company, Anmar al-Safi, told Aswat al-Iraq news agency. On Thursday, dozens of […]

6 New Projects in Sulaimaniyah

The committee managing local projects in Sulaimaniyah province HAS referred 6 service projects for implementation with a cost exceeding 6 billion dinars. A source in the projects’ section in Basra province said that 3 of the referred projects are for Al Sulaimaniyah city while the three others are for the other parts of the region. […]

Basra a Focus for Sweden and Norway

Delegations from the embassies of Sweden and Norway met with the governor of Basra last week to discuss investment opportunities in the province, according to Aswat Al Iraq. The joint delegation, led by the Swedish ambassador to Iraq, expressed the readiness of companies from both countries to contribute to large projects in the province. (Source: […]

New Korean Contracts – Massive Investment in Basra

Aswat al Iraq reports that The Iraqi National Investment Commission is planning to offer 750 investment projects to South Korean firms. The total value of the projects exceeds $600 billion, and includes the building of a new city. The announcement follows a visit to the country last week by a high-powered delegation of Korean businessmen […]

2nd Stage of Hilla-Basra Railway Project Opens

Iraqi Minister of Transport, Amer Abduljabbar, opened the 50-km-long second stage of the Hilla to Basra rail line, according to the head of Babel province’s railways department on Sunday. “Minister Abduljabbar inaugurated the second stage of the project which linked al-Hashemiya district to al-Diwaniya city as part of the larger Hilla-Basra project,” Anwar al-Rehimi told […]