Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
A new UK aid package is to help the Government of Iraq to reinvigorate its economy and rebuild hospitals, schools and other vital infrastructure, allowing Iraqis displaced by conflict to return home and restart their lives, UK Minister for the Middle East Alistair Burt announced during a four-day visit to Iraq. The UK is the […]
The Iraq Britain Business Council (IBBC) held its Council Meeting, dinner and eception for members on 28th January. The Council Meeting, hosted by Baroness Nicholson of Winterbourne, President of IBBC and the Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Turkmenistan and Kazakhstan took place in the House of Lords before a Reception and Dinner at […]
By Sundus Abass, SDGs Focal point – UNDP Iraq: Iraq is one of the developing countries which has a lack of data availability for several Sustainable Development Goals (SDGs) indicators. The United Nations Development Programme (UNDP), in partnership with local Non-Governmental Organizations (NGOs), organized two workshops on how NGOs can have effective role in gathering […]
In December 2017, Iraqi authorities announced that they had completely freed areas previously controlled by the Daesh terrorist organization. Today, Iraq has entered a crucial phase of national reconciliation, stabilization and reconstruction of freed regions. These actions are essential for a lasting victory against terrorism and the return of displaced persons. Humanitarian and stabilization assistance […]
MAN Energy Solutions has successfully commissioned six MAN 18V32/40 engines in a cement factory in Samawa, Iraq, and delivered five more engines of the same type to a freshwater-treatment plant in Basra. “The country's infrastructure has suffered greatly from armed conflict in the past and the re-electrification of Iraq is pivotal for further growth and […]
By John Lee. Business leaders in Jordan have reportedly welcomed increased access to Iraq’s $88.2-billion reconstruction efforts. According to a report from Jordan Tmes, a recent agreement to grant Jordanian construction contractors equal status to their Iraqi peers was described as “a God-sent miracle” by engineer and board member of the Jordan Construction Contractors Association (JCCA) […]
By John Lee. France has reportedly agreed to lend Iraq 1 billion euros to help in the reconstruction efforts. According to Reuters, Foreign Minister Jean-Yves Le Drian announced the agreement to reporters following a meeting on Monday with his Iraqi counterpart Mohammed al-Hakim in Baghdad. The cost of reconstruction in Iraq is estimated at $88 […]
