Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Iraqi Ministry of Oil has invited international companies to participate in the competition to implement the Faw Refinery Project in Basra. The project will be offered on a BOO (Build, Own, Operate) or BOOT (Build, Own, Operate, Transfer) basis. Oil Minister Ihsan Abdul Jabbar Ismail said the refinery will be environmentally […]
By John Lee. The Australian Federal Police (AFP) has made one arrest, and issued a further two arrest warrants, following an investigation into alleged improper payments made by Singapore-registered Leighton Offshore Pty Ltd, regarding two contracts with Iraq Crude Oil Export in 2010 and 2011. The Sydney Morning Herald names the arrested suspect as Russell […]
By Padraig O'Hannelly. A major conference has heard that Iraqi Kurdistan will prioritise a shift towards private enterprise and a more efficient public sector. In his keynote speech to CWC/GFEn's Kurdistan Iraq Economic Forum (KIEF) conference, held online, Kurdistan's Deputy Prime Minister, Qubad Talabani (pictured), said: "We must create an environment to let the private sector […]
Commanders Discuss Iran-Iraq Interaction in Helicopter Industry Ranking army generals from Iran and Iraq weighed plans to promote cooperation between the two neighbors in the field of military helicopters. Commander of the Iranian Army Ground Force's Airborne Division General Yousef Qorbani and his Iraqi counterpart General Samir Zaki Hussein met in Tehran on Sunday. The […]
By John Lee. Ummet Al Salam Co. Ltd. for General Trading & Contracting has won two contracts with the United Nations Office for Project Services (UNOPS): Rehabilitation of Internal Roads in in Al Khaless in Al Mansouriah District, Diyala Governorate. Contract worth $680,000; Supply and installation solar street lights in in Al Khaless in Al […]
JICA and UNDP Iraq Renew Partnership Agreement to Accelerate Infrastructure Projects The Japan International Cooperation Agency (JICA) and UNDP Iraq have signed a renewed partnership agreement to monitor and support the acceleration of the implementation of socio-economic infrastructure projects in Iraq. The projects are implemented by the Government of Iraq (GoI) with loan assistance from […]
By John Lee. The Iraqi Cabinet has directed Al-Rafidain Bank, Al-Rasheed Bank, and the Trade Bank of Iraq (TBI) to pay $100 million to South Korea's Hanwha Engineering and Construction Company, which is implementing the Bismayah City residential project (pictured). It also agreed to reduce the minimum advance payment for buying housing units at the […]
Kurdistan's Deputy Prime Minister HE Qubad Talabani to Speak at the Virtual Kurdistan Iraq Economic Forum Inaugural Conference set to navigate the economic future Kurdistan and Iraq Conference will include online sessions available live and on demand for all attendees Delegates will gain insights into the latest policy and project announcements, crucial for successful investment […]
$660m required to cover priority stabilization needs in areas liberated from ISIL Support to Iraq's displaced populations through the rehabilitation of critical infrastructure and services damaged in the ISIL conflict, livelihoods creation, local capacity development and social cohesion will continue under a three-year extension of the United Nations Development Programme (UNDP) in Iraq's flagship programme, […]
By John Lee. Iraq has reportedly announced plans to build affordable homes for workers in Karbala. According to Trade Arabia, large plots of land have been already allocated for the project, which will be funded by local investors and the General Federation of Iraqi Workers. More here. (Source: Trade Arabia)
Beautiful Missan Project: Working towards rehabilitation of recreational infrastructure and job creation Funded by the European Union (EU), the United Nations Development Programme (UNDP) launched the Beautiful Missan project that focuses on the rehabilitation of recreational infrastructure and job creation. The two-year project supports socio-economic growth through eco-tourism, restoration of cultural heritage and urban beautification. […]
As part of a joint effort to modernize education data systems and improve the quality of learning in Iraq, UNESCO and UNICEF today signed a roadmap with the Communications and Media Commission (CMC) for the provision of internet connectivity to over 3000 schools across 10 governorates. With the financial support of the European Union, UNESCO […]
