Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
U.S. Ambassador to Iraq Douglas Silliman has announced that the U.S. government is providing $75 million in additional funding to help stabilize Iraq following its full liberation from ISIS. The United States plans to provide a total of $150 million for stabilization efforts in 2018, which will bring the total U.S. contribution to $265.3 million […]
By John Lee. The European Union has announced that it will co-chair a conference on Iraq's Reconstruction and Development in Kuwait in February. In a statement, the EU said the aim of the conference is to help consolidate regional and international engagement in support of Iraq. The conference will be hosted by Kuwait and will […]
EU strategy on Iraq: new proposal to strengthen support to the Iraqi people On Monday, the High Representative of the Union for Foreign Affairs and Security Policy and the European Commission adopted a Joint Communication proposing an EU strategy for Iraq in order to address the many challenges the country faces following the territorial defeat […]
Iran's South Rouhina Steel Complex has reportedly sent 500 tons of rebar to Iraq. The Iranian trade attaché to Iraq, Naser Behzad, is quoted by IRNA as saying that the consignment was worth $250,000. 'Exports to Iran have paved the way for sending standard goods,' he said. South Rouhina Steel Complex has the capacity to […]
Iraq's Ministry of Oil has invited local and international companies to participate in the execution of the oil export pipeline extension, which extends from the Kirkuk oilfield to the Iraqi-Turkish border, and will run side-by-side with the old strategic pipeline to the Turkish port of Ceyhan (pictured). Mr. Assim Jihad, the spokesman of the Ministry […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Months later and Mosul locals are still waiting for significant help in rebuilding their hometown. Some, like the stall holders in one central marketplace, are taking a DIY approach. For […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Visiting Mosul University, a Symbol of Hope for a City in Ruins Iraq’s second largest university was under the control of anti-education extremists for three years. Recently reopened, both students […]
The Iraq Britain Business Council (IBBC) has announced that one of Iraq’s most significant companies, Albilal Group, has joined the trade organization. Not only is Albilal a major EPC to many IOCs in Iraq, but also to the ministries of Electricity, Oil & Gas, Water and Infrastructure. ABG was established since 1993 with main offices in Iraq […]
By John Lee. Prime Minister Haider Al-Abadi has received a delegation from Korean company Hanwha, headed by its President and CEO, Choi Kwang-ho. During the meeting, they discussed the progress at the Basmaya housing complex near Baghdad, with the Prime Minister stressing the importance of securing the road link between the residential complex and the center […]
The Government of Netherlands has contributed an additional USD 14.2 million (EUR 12 million) to UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). The Netherlands is currently the fourth largest donor supporting stabilization work in Iraq, with a total […]
The Government of the Federal Republic of Germany has contributed an additional US$ 94 million (€80 million) to two major UNDP programmes that are helping to stabilize newly liberated areas – the Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL) and […]
USAID Counselor Thomas H. Staal, a former USAID Iraq Mission Director and now one of the agency’s top officials, returned to Iraq December 5-10 to advance U.S. efforts to help Iraq’s most vulnerable communities following the defeat of ISIS. While in Baghdad, Staal met with government officials including Dr. Mahdi al-Allaq, Secretary General of the […]
