By John Lee. The Basra Investment Commission has reportedly approved a number of projects including the construction of a 25-storey hotel and a shopping mall. According to a report from Zawya, Commission Chairman Ali Gasib said the luxury hotel would be located near the Shatt Al Arab river, while the shopping facility would be situated […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. At least 92 people have been killed and 161 wounded in a string of deadly attacks across Iraq, security sources told Al Jazeera, in attacks mostly targeting Shia Muslims, who mark a big […]
By John Lee. Erbil-based Cihan Bank, a privately-owned Islamic bank, is about to launch a $100 million investment fund focused on opportunities in Iraq, and is planning to expand its operations in the UAE. Vice-Chairman Nawzad Yahya Bajger told Gulf News: “Currently, we have an office in Dubai. We are seeking to establish a representative […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Dec. 8, the body of Yasser Faisal al-Jumaili, an Iraqi photojournalist who was executed by al-Qaeda in Syria, arrived in Fallujah. Only one day before the arrival of the body, […]
By Amal Sakr for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. "Living in a jungle ruled by men." This is how Dahaa al-Rawi, the chair of the Women's Committee in the local Baghdad government, described the status of women in Iraq. Women […]
By John Lee. A Malaysian firm has won a 71-billion Iraqi dinar ($61-million) contract to develop the southern area of Kut in Wasit [Wassit] province, according to a report from Al-Shorfa. Wasit governor Mahmoud Talal said: "The contract includes developing and rehabilitating the southern neighbourhoods of town by developing and paving streets and implementing water, […]
Hitachi today announced that it has received "a comprehensive order" from the Iraqi Ministry of Municipalities and Public Works for the engineering, procurement, and construction (EPC) of a large-scale water treatment desalination plant in Basra. The winning consortium consists of three companies: Hitachi, OTV (a water processing plant manufacturer and subsidiary of the French environmental […]
By John Lee. Reuters reports that Iraq's grain board has rejected all offers in an international tender to buy at least 30,000 tonnes of rice on Friday. The tender closed on Sunday and offers had to remain valid until Thursday. According to traders, the lowest offer was $725 a tonne c&f free out (ciffo) for […]
By John Lee. The United Nations reports that, based on the conference held in Baghdad on 9th December, Iraqi youth recommend the following to the Iraqi Government: Fair Trial To establish an independent judicial board to investigate cases that were decided based on vague evidence and to ensure public re-trial. To abolish the practice of […]
By John Lee. Prime Minister Nouri al-Maliki received the Croatian Deputy Prime Minister and Minister of Interior, Mr. Ranko Ostojić, in his office on Thursday. During the meeting, the Prime Minister called for development of relations, particularly in the areas of security, military cooperation and construction, and stressed that Croatian companies are able to contribute […]
By John Lee. Korea Aerospace Industries (KAI) has signed a $1.1 billion contract with Iraq to export T-50 supersonic advanced jet trainer and light attack aircraft. The deal for the 24 aircraft, which includes the training of Iraqi pilots, was signed today in Baghdad by KAI's President and CEO, Ha Sung-yong, Defense Acquisition Program Administration's […]
By John Lee. Thales has signed a contract with the Iraqi Civil Aviation Authority (ICAA) for the modernisation of Iraqi airspace. The company will deliver a TopSky-ATC centre in Baghdad, this in addition to the ATC centre equipped in Basrah in 2007; it will also supply 3 latest generation RSM970S secondary radars to the ICAA, […]
