By John Lee. The South Gas Company (SGC) and Halfaya Gas Company (HGC) have signed a contract for the development and processing of gas from the Nahr Bin Umar field, with a capacity of 150 million standard cubic feet per day. Deputy Prime Minister Hayan Abdul Ghani emphasized the project's contribution to the national economy […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has led the fifth meeting of the High Committee for Reconstruction and Investment, at which several housing projects were approved in various provinces. During the meeting, authorization was granted to the Ministry of Construction, Housing, and Municipalities to negotiate with the executing company for the Housing […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. "What Next after a Gangbuster Year ???" The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was up 6.2% and 97.2% […]
By John Lee. Baghdad Municipality has announced the building of six significant bridges in the capital, after completing the first phase of decongestion projects. Director-General of the Projects Department at the Baghdad Municipality, Qadhan Al-Waeli, told the state-run Iraqi News Agency (INA): "The Projects Department contributes on multiple fronts to alleviate congestion, opening new roads, […]
By John Lee. Iraq's Ministry of Finance announced on Friday the issuance of the third tranche of reconstruction bonds, named "Sukuk Al-Imar," totaling 2 trillion dinars [$1.5 billion]. This issuance is in accordance with Budget Law No. 13 for the fiscal years 2023-2024-2025, covering the period from December 31, 2023, to January 30, 2024. The […]
By John Lee. The Chairman of the National Investment Commission (NIC), Dr. Haider Muhammad Makkiya, has chaired a meeting to discuss the proposed amendments to the Investment Law No. (13) of 2006, with the aim of strengthening the economic sector in Iraq. In the presence of the general directors and advisors, he discussed set of […]
By John Lee. Ummet Al Salam Co. Ltd. For General Trading & Contracting has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction Contract for Small Works - Rehabilitation of one road in Ana district, Anbar." The contract is valued at $942,820. (Source: UNGM)
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq grants investment rights to PMF-linked company for one million palm trees in Samawah Desert Iraqi and US scholars have raised questions about the project's feasibility, accusing the […]
By John Lee. The United Nations (UN) Secretariat has awarded Al Sudoof for general Trading, designs, engineering consultation and digital mapping Ltd. a contract for "Conducting Topographic Survey for Selected Desert Area in Samawa, Al-Muthanna Governorate." The contract value is $47,742. (Source: UNGM)
By John Lee. The commander of Nineveh Operations Command for the Popular Mobilization Forces (PMF) has reportedly told Shafaq News Agency that over 35 percent of the concrete security barrier project along the Iraqi-Syrian border has been completed. More here. (Source: Shafaq)
From the World Bank: Conflict Pollution Hotspots in Iraq : Land Remediation for Livelihoods Restoration Successive conflicts in Iraq were characterized by tactics to damage its oil and industrial assets that not only led to huge economic loss, but pollution of environmental resources (air, land, and water) on an unprecedented scale. The Damage and Needs […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Untapped Gas Potential: A Turning Point in Global Energy? Iraq has potentially huge gas reserves but its failure so far to properly develop them has led to three key […]
