Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq, reconstruction remains a daunting obstacle to displaced people returning home. The government has allocated money and established commissions for people to file for assistance. But there is little sign of that […]
By John Lee. Kuwait is reportedly planning to build towns close to the Iraqi border, and talking with Iraqi authorities to develop a "free zone" between the two countries. According to Kuna, First Deputy Prime Minister and Minister of Defence Sheikh Nasser Sabah Al Ahmad Al Sabah (pictured) said the plan was currently "the preoccupation […]
The National Investment Commission (NIC) and the Iraqi Civil Aviation Authority (ICAA) have announced the investment opportunity to build Nasriya International Airport. The airport is located to the south–west of Imam Ali (PBUH) air force base in Thi Qar province. The area of the passengers terminal is 3000m². Interested foreign and local companies can apply […]
The EU has announced an additional €30 million in humanitarian assistance. Another €20 million in development funding will contribute to the reconstruction of the country's cultural heritage, as well as the creation of jobs and opportunities for vulnerable youth. The announcement was made by Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides (pictured), on […]
By John Lee. Asiacell Iraq has reported that it has benefitted from improvements in the security and economic situation in the country paving the way for network expansion and reconnections. The telecommunications company said its revenue was "stable" at QAR 4.4 billion, compared to QAR 4.5 billion in 2017. EBITDA was up 6% to QAR […]
The United Nations Mine Action Service (UNMAS) welcomes the contribution of SEK 75 million (approximately USD 8.3 million) from the Government of Sweden on mitigating the threat from explosive hazards in support of enhanced provision, facilitation and enablement of humanitarian and stabilization support. Approximately 1.8 million people are estimated to be internally displaced persons (IDPs) […]
By John Lee. Prime Minister Adil Abd Al-Mahdi received Baroness Emma Nicholson, the Chairman of the Iraq Britain Business Council (IBBC), at his office on Sunday to discuss cooperation between Iraqi and British businesses, and proposed investment projects in Iraq. The Prime Minister said that stability in Iraq provides an opportunity to increase reconstruction efforts, […]
By John Lee. A delegation from the Saudi Arabian government reportedly arrived in Baghdad on Saturday to discuss the construction of a 100,000-seater football stadium. Saudi Arabia’s King Salman promised last March to build a football stadium in Iraq. According to some reports, it was later announced that Saudi Arabia would increase the number of […]
In connection with the UK Serious Fraud Office (SFO)’s ongoing investigation into Petrofac Limited and its subsidiaries (“Petrofac”), on 6 February 2019 David Lufkin, 51, a British national, and previously Global Head of Sales for Petrofac International Limited, pleaded guilty at Westminster Magistrates’ Court to eleven counts of bribery, contrary to sections 1(1) and 1(2) […]
In order to strengthen the bidders knowledge of UNDP tendering process/e-tendering and procurement rules and regulations, , UNDP Country Office Iraq is planning to conduct two training workshops for all interested firms/companies as per the following details: Training session - 12 February 2019 – Erbil Training session – 21 February 2019 – Baghdad All interested […]
By John Lee. Russian Foreign Minister Sergey Lavrov has said that Moscow is very interested in increasing trade, economic and investment ties with Iraq. Following a meeting on Wednesday with Iraqi Foreign Minister Mohamed Ali Alhakim, he said: "In the field of investment, especially in the hydrocarbon sector, there is a very good result. Lukoil, […]
UK Export Finance (UKEF) has announced it will support UK firms with US $1.02 billion to build two new power stations in Iraq and support the restoration of a number of electricity substations in the country. US $1.02 billion in support for UK firms to build two new power stations Agreement will help build and […]
