Headquartered in the UK, Abacus Cambridge Partners, a leading consulting, technology, and outsourcing company, has announced a strategic partnership with Deep Engineering, a premier engineering company and a subsidiary of Joto Leading Group, to expand its presence in Northern Iraq by offering digital transformation solutions to the private and public sectors. Technology plays an increasingly […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Tags: Abacus Cambridge Partners, Deep Engineering, digital commerce, DJ, featured, Joto Leading Group, mn, United Kingdom
Cabinet Increases Budget for Kirkuk Olympic Stadium
By John Lee. The Iraqi Cabinet has approved an increase in the total budget for the Kirkuk Olympic Stadium project to 33,500,000,000 dinars ($28 million). In a statement, it said it had directed relevant ministries to take the necessary measures to implement this measure. (Source: Iraqi Govt)
Iraq seeks bids for Iraq-Jordan Oil Pipeline
By John Lee. Iraq’s Ministry of Oil has invited bids fto build the Iraq-Jordan oil pipeline. The first phase will be built on the Iraqi side, stretching 700 km from Rumaila to Haditha. This will have a capacity of 2.25 million barrels per day (bpd). This will be built on an engineering, procurement, construction and […]
Iraq signs Electricity deal with GCC
By John Lee. Iraq has reportedly signed a deal with the Gulf Cooperation Council Interconnection Authority (GCCIA) to import electricity at a rate of 500 megawatts of electricity from Sunni Arab gulf countries before next summer, Iraqi Ministry of Electricity spokesperson a told state newspaper on Thurday. According to Rudaw, the GCCIA will fund the […]
Tags: electricity imports, Electricity In Iraq, featured, Gulf Cooperation Council, Gulf Cooperation Council Interconnection Authority (GCCIA), Kuwait, mn
First Master’s Degree on China’s Belt and Road Initiative
By Editor on 2nd January 2020 in Construction & Engineering In Iraq, Investment, Iraq Education and Training News, Iraq Industry & Trade News
By John Lee. An Iraqi researcher has reportedly obtained the first master’s degree in Iraq on the China-proposed Belt and Road Initiative (BRI) [One Belt One Road], by virtue of a thesis titled “Geo-strategic Importance of the Silk Road and its Impacts on the Future of Iraq“. Khalaf Ayyash Ahmed told Xinhua: “The importance of […]
Investment Opportunity: Diwaniya Airport
By Editor on 27th December 2019 in Construction & Engineering In Iraq, Investment, Iraq Transportation News
The National Investment Commission (NIC) in coordination with the Iraqi Civil Aviation Authority (ICAA) are pleased to announce the investment opportunity of the construction of Diwaniya New Airport according to the provisions of the investment law No. 13 for the year 2006 as amended, and the international general technical and operational requirements for constructing the […]
Tags: Diwaniya Airport, featured, Investment Opportunities, Iraq Civil Aviation Authority (ICAA), mn, National Investment Commission (NIC)
CIMIC settles “Bribery” Class Action
By Editor on 23rd December 2019 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Security
Australian construction giant CIMIC, formerly known as Leighton Holdings, has reportedly settled a long-running class action with investors over allegations its senior executives had knowledge of corrupt behaviour relating to the Unaoil bribery scandal that hit the company’s share price. The class action alleged that CIMIC failed to comply with its continuous disclosure obligations and […]
Is change likely in Iraq?
By Daniel L Byman, for Brookings Institution. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is facing serious unrest that is likely to force limited reforms in the political system but not wholesale change. The current Iraqi power structure, with Iranian support, will […]
UNDP E-Tendering Training in Kirkuk
By Editor on 16th December 2019 in Construction & Engineering In Iraq, Iraq Education and Training News, Tenders
In continuing of training sessions conducted in 2017, 2018 and early 2019 for the potential firms/companies throughout Iraq, UNDP Country Office Iraq is planning to conduct E-Tendering training session for firms/companies who have not yet registered with the E-Tendering portal of the UNDP based in Kirkuk Governorate. The training sessions will be conducted on 23 […]
Iraqi Ambassador receives European Investment Bank
The Ambassador of the Republic of Iraq to Brussels Mr. Sadiq Al-Rakabi received a delegation from the European Investment Bank. They discussed ways of resuming negotiations between the two sides on the framework agreement to be signed between Iraq and the European Investment Bank. The Bank’s funding and support for private sector projects will contribute […]
Gazprom Neft Increases Production in Kurdistan
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI). Total cumulative production at the Sarqala field has reached three million tonnes, or 23 million barrels of oil, as at December 2019. Daily liquid hydrocarbon production at this asset is currently running at 4,000 […]
Iraq receives final Korean Fighter Jet
By John Lee. Iraq has reportedly received its 24th and final Korea Aerospace Industries (KAI) T-50IQ Fighting Eagle light fighter and trainer aircraft, which is the Iraqi Air Force variant of the T-50 Golden Eagle/FA-50 Fighting Eagle. According to Janes, the delivery of the final batch of aircraft marks an end to the six-year procurement […]