Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Prime Minister Haider Al-Abadi received the Executive Chairman of the Iraq Britain Business Council (IBBC), Baroness Emma Nicholson, at his office on Sunday. During the meeting, they discussed strengthening relations between Iraq and Britain, and increasing cooperation in all fields, especially economic, ensuring that the doors of investment are open to international […]
The Government of Iraq and UNDP’s Funding Facility for Stabilization (FFS) re-opened the As-Salamiyah Water Treatment Plant at a ceremony yesterday in Nimrud. The Treatment Plant, which will provide safe drinking water for hundreds of thousands of people in the Ninewah Plains, is one of the first major stabilization projects to be completed since the […]
By John Lee. Turkish engineering company Alapala has recently completed a turnkey flour mill project, one in Baghdad. The facility, located on 6,000 square meters of land, has two lines with capacity of 250 tpd each, for a total of 500 tpd of hard and semi-hard wheat milling capacity. The six-story concrete mill is one […]
Oil Minister Jabar Ali al-Luaibi [Allibi] has met with a delegation from the German company Ruhrpumpen, headed by Mr. Khavier Garza. The meeting was attended also by the counselor of the minister and the director general of the oil projects company. Mr. Al-Luiebi discussed with the delegation about developing the bilateral cooperation to execute the […]
UK-based EnerMech has launched a joint venture with the Khudairi Group in Iraq to target both the re-emerging oil and gas and large infrastructure sectors. The JV, with one of the country’s longest established family-owned groups, is expected to generate $20 million-plus turnover within a short period. The downstream energy and infrastructure rejuvenation along with […]
The Export Guarantee Fund of Iran (EGFI) has announced that it is to provide political risk insurance (PRI) to Iran's MAPNA Group for its Rumaila power plant project in Iraq. Rumaila, a natural gas combined cycle power plant with 12 gas and 6 steam turbines, is to be implemented at a cost of $2.5 billion […]
Japan contributes additional US$16.7 million to stabilization and resilience in Iraq The Government of Japan has contributed an additional US$16.7 million to UNDP’s Funding Facility for Stabilization (FFS) and Iraq Crisis Response and Resilience Programme (ICRRP) to promote stabilization, recovery, and resilience-building in areas liberated from the Islamic State of Iraq and the Levant (ISIL), […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 11 remittance companies took part in its currency auction on Monday. A total of $151,169,106 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq's Ministry of Electricity (MOE) has announced an investment opportunity for the rehabilitation, operation and transfer (ROT) of the Al Nassiriyah Steam Power Plant. More details here. (Source: National Investment Commission)
Iraq’s first conference for the preparation of the National Development Plan Iraq’s Ministry of Planning launched the first round of discussions on the National Development Plan of Iraq (NDP) 2018-2022. The three-day conference was jointly organized in Erbil by the Ministry of Planning and the Local Area Development Programme (LADP), a project implemented by the […]
Kuwait has approved a $100 million grant for Iraq to support humanitarian and reconstruction projects in areas retaken from IS, according to a statement from Iraq’s Reconstruction Fund chief Mustafa Al-Hiti. The grant is the first Kuwaiti financial assistance to Iraq since Iraq’s occupation of Kuwait in 1990/1991 under then-President Saddam Hussein. Officials from the […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces retake full control of one the largest neighbourhoods of west Mosul from the Islamic State group after a week of intense fighting, a top commander says.
