By John Lee. Baher Alshamal Co. Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction of 30 housing units in Sinjar (Hardan and Dahoula villages) [Ninewa]." Contract value is stated as $794,313. (Source: UNGM)
By Azhar Al-Ruabie, for The Telegraph. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi marshland drought: Climate change pushes existence to the edge of extinction Storied marshlands thought by some to be the original Garden of Eden could see conflict over water, activists […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has inaugurated several oil sector projects in Baiji District, Salah al-Din Province, on Thursday: The fourth and fifth oil refining units at Al-Siniyah Refinery in Salah al-Din Province, each with a capacity of 10,000 barrels per day, increasing the oil refinery's total capacity to 50,000 barrels […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Is Iraq facing a cash crisis? With two months of expenditures still unaccounted for, it is evident that the dinar reserves derived from oil-based dollar revenues have been exhausted. Click here to read the […]
By John Lee. Al Sadear National Co. For Contracting Ltd. has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for "Engineering Design and Construction." Contract value is stated as $700,549.54. (Source: UNGM)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 2nd January 2025). Note: ISX will be closed until January 6, 2025, due to the end-of-year closing operations. The first trading session of 2025 will be on January 7. Please click here to view a table of listed companies and their associated […]
By John Lee. The Prime Minister of Iraq has directed the allocation of land for the creation of an industrial city dedicated to small businesses, particularly those supported under Riyada Initiative [Iraqi Riyada Network for Access Development and Advancement, IRADA Network]. Mohammed S. Al-Sudani said that, to date, the initiative has granted loans to around […]
By John Lee. The Iraqi Ministry of Trade has signed an agreement with Switzerland's Bühler and Egypt's Samco to construct five state-of-the-art grain silos, each with a storage capacity of 60,000 tonnes. The silos will be built in Kirkuk, Anbar, Wasit, Najaf, and Muthanna, as part of the ministry's infrastructure development plan. Minister Atheer Daoud […]
By John Lee. Kuwait-based Safir Hotels & Resorts has announced its entry into Iraqi Kurdistan with a new 5-star hotel in Erbil. The management contract was officially signed between Hariri Building & Contracting Co. HARCO Offshore, the hotel's owning company, represented by Mr. Mostafa Al-Hariri, Chairman of the Board, and Safir International Hotels & Resorts, […]
As we kick off the new year with our first newsletter, we extend a heartfelt appreciation to all our contributors, with a special acknowledgment to our Expert Bloggers, Ahmed Mousa Jiyad and Ahmed Tabaqchali (AFC Iraq Fund), who have generously shared their wisdom and observations with us over the past twelve months. We eagerly anticipate […]
By John Lee. The Central Bank of Iraq (CBI) has announced the successful transition of external transfers from an electronic platform to direct operations by Iraqi banks through their international correspondent banks. According to a CBI statement, this milestone, fully achieved at the end of December, aligns with global best practices, promoting a stable and […]
By John Lee. The Iraqi Cabinet has authorised the Minister of Finance, or a designated representative, to sign a loan agreement funded by the Export-Import Bank of the United States (EXIM, EXIMBank). The loan will support the implementation of combined-cycle projects for the Kirkuk Gas Power Plant under the Ministry of Electricity. According to a […]
