Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The UK's Serious Fraud Office (SFO) has dropped its investigation into ABB linked to the Unaoil case. After a thorough and detailed review of the available evidence, the SFO concluded that this case did not meet the relevant test for prosecution as defined in the Code for Crown Prosecutors. The SFO announced […]
Japan, UNEP deepen cooperation on plastic pollution and post-conflict recovery Japan and the United Nations Environment Programme (UNEP) today announced a new cooperative effort to tackle plastic pollution across Asia and support post-conflict environmental recovery in Iraq and South Sudan. Japan will contribute US$6.9 million to four UNEP-led projects. The bulk of the funding will […]
Members of the IBBC Advisory Council have published a paper entitled 'Iraq 2020: A country at the crossroads'. The purpose of this extensive paper is to provide insight and advice to the new Iraqi Government. It particularly focuses on the political and economic backdrop to the country, with analysis and solutions from a private sector perspective. The […]
The World Cement Association has announced today that it is welcoming the Cement Producers Association of Iraq (CPAI) as an Affiliate Member of its international network. Ian Riley, CEO at WCA, said: "In these challenging and uncertain times, it's more important than ever that organisations and individuals from across the global cement community can come […]
DNO ASA, the Norwegian oil and gas operator, has reported that it had identified and implemented 2020 budget cuts of USD 350 million or 35 percent across all spend categories as the Company moved early and quickly to protect its personnel and operations and preserve its cash position in response to the the devastating impact […]
The Higher Committee for Health and National Safety held a meeting in Baghdad on Monday via video conferencing under the chairmanship of Prime Minister Adil Abd Al-Mahdi. The Committee reviewed and evaluated current measures to combat Covid-19 and received briefings from the Ministry of Health, specialists and officials from relevant ministries. The Prime Minister commended the […]
An Iraqi lawmaker said Baghdad is considering purchasing advanced Russian air defense systems to enhance its air capabilities and protect its airspace. Baghdad is studying the purchase of Russian made long-range, surface-to-air S-300 systems or S-400 missile defense systems if the United States does not provide it with modern air defense systems, the Chairman of […]
By John Lee. Iraq's National Investment Commission (NIC) has announced an investment opportunity for the construction of a commercial site in Bismayah City: According to investment law no. 13 for the year 2006 as amended and its regulations, NIC is pleased to announce the investment opportunity of Constructing a commercial Site in Bismayah City - […]
UNESCO and ICCROM (The International Centre for the Study of the Preservation and Restoration of Cultural Property) sign an agreement on capacity building for the reconstruction of Mosul's cultural heritage. ICCROM, through its Regional Conservation Office in Sharjah (UAE), will provide a two-year capacity building programme for professionals and craftspeople to contribute to the reconstruction […]
By Dr Renad Mansour and Glada Lahn, for the Royal Institute for International Affairs (Chatham House). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Same Old Politics Will Not Solve Iraq Water Crisis Addressing Iraq's water crisis should be a priority for any incoming prime […]
The United Nations Human Settlements Programme (UN-Habitat) welcomes an additional contribution of USD 3.6 million from the Government of Japan to support reconstruction and peacebuilding in Iraq through the rehabilitation of war-damaged houses and construction of low-cost housing units in Sinjar, Ninewa Governorate. Under the new phase of this project, UN-Habitat will improve living conditions […]
DNO ASA, the Norwegian oil and gas operator, today announced a 30 percent or USD 300 million reduction in its 2020 budget to shore up its balance sheet in the face of unprecedented market convulsions and plunging oil prices triggered by the coronavirus pandemic. Steps have already been taken to suspend most discretionary drilling and […]
