By John Lee. Iraq's deputy prime minister for energy, Hussain al-Shahristani (pictured), has said that 'Big Oil' is about to spend over $25 billion next year to boost oil output towards record levels. He predicted that the southern fields are expected to pump an extra 500,000 bpd in 2014, compared to just over 3 million […]
By John Lee. The Iraqi government has said that construction has begun on a cabinet-approved project to build 2,500 houses for the victims of terrorism. Deputy Prime Minister Saleh al-Mutlaq said: "The project, which the industry, housing and construction ministries began last week, is an initial phase and includes Baghdad, Wasit, Babil and Anbar provinces." The […]
By John Lee. The Ministry of Telecommunications, in coordination with the National Investment Commission (NIC) has announced an opportunity for Iraqi and foreign investors to invest the lands belonging to the Ministry, the details of which are outlined below. The offer is made in accordance with investment law No. 13 (2006) as amended, and its […]
By Abbas Sarhan. 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. In Karbala religion is big business. But for some time now, the religious authorities there have been moving into businesses other than faith - such as […]
By John Lee. Azzaman reports that Basra province is building 1,200 new schools, most of them in suburban towns and villages. The provincial council called it “a strategic project” that will providen modern prefab schools across the province. The new schools are to include laboratories, play grounds and sports facilities. (Source: Azzaman)
