Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Iraq faces a tough challenge in developing its potential Writing in the Financial Times, Nick Butler argues that while the security situation across Iraq is probably better than at any time in the past three decades, success is not preordained. Click here to read the full article (subscription required)
In a resounding statement of support for the Government and people of Iraq in the country’s post-conflict recovery, the United Nations Security Council on 21 May 2019 extended the mandate of the UN Assistance Mission for Iraq (UNAMI) for another year, until 31 May 2020. Unanimously adopting resolution 2470 (2019) under Chapter 6 of the […]
Iraqi Prime Minister Adel abdul-Mahdi said on Tuesday that his country had prepared “strategic alternatives” for exporting oil in case a war erupted between the US and Iran, Anadolu reported. During his weekly press conference, he said: “It is important to deal with the North Iraq region and Turkey to find alternative ways to export […]
By John Lee. Hyundai Engineering & Construction has reportedly won a $2.45-billion deal to build a seawater processing facility in Iraq. South Korean media report that the company signed a letter of intent with Basra Oil Company (BOC) on Wednesday for the 49-month project, which will be capable of supplying 5 million barrels of fresh […]
By John Lee. The Iraqi Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. The Cabinet discussed and reviewed a number of infrastructure projects, and approved a scheme to develop land close to Baghdad International Airport. (Source: Govt of Iraq)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is looking to strengthen its economy after decades of war, sanctions, sectarian division and the rise of the Islamic State of Iraq and the Levant (ISIL or ISIS). It has achieved some […]
By John Lee. Kuwait will reportedly fund the reconstruction of a major border crossing with Iraq. According to Anadolu Agency, Iraq's Border Crossing Authority said a memorandum of understanding (MoU) has been signed between the two countries to prepare the infrastructure for the crossing at Safwan. (Source: Anadolu Agency)
By Padraig O’Hannelly. Building a successful business means delivering what you promise. When I recently needed to go to Baghdad at short notice, I remembered a conversation I had with Abir Burhan, Operations Director of Al-Burhan Group: “Any time you want to go to Iraq,” he said, “we can take care of your visa, flights, […]
By John Lee. President Barham Salih has highlighted the need to address the obstacles impeding the work of the private sector in Iraq. Addressing a delegation from the Iraqi Federation of Chambers of Commerce at his Office in Baghdad, the President stressed the importance of enhancing the role of the private sector in reconstruction. Mr. […]
2.5 Million Iraqis and Businesses to Benefit from Improved Electricity Services A new US$200 million World Bank project will provide increased and more reliable supply of electricity to about 2.5 million Iraqis and productive enterprises in the governorates of Basra, Al-Muthanna, Thi Qar, and Missan who currently suffer from frequent and long power cuts and […]
By Tessa Fox for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Explosive hazards in Mosul a major threat for years to come The classroom of 13-year-old boys was vibrant, filled with energy, as the final lesson of the day began, addressing a […]
EU-funded programme Supporting Recovery and Stability in Iraq through Local Development - Launch of the Yarmouk Park Rehabilitation Project in Mosul Mosul local authorities and citizens gathered in Al Yarmouk Park in West Mosul on 2 May 2019 to launch the rehabilitation works that will be conducted under the programme Supporting Recovery and Stability in […]
