Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Baroness Nicholson – Opening Speech for the Iraq Britain Business Council (IBBC) Conference on December 18th in Dubai: Welcome to Dubai. IBBC has been aware for many years of the important role that the UAE plays as a regional hub for business and trade through the MENA region and in particular as a regional base […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces dismantle a security checkpoint in the capital following a decision to reduce the number of these checkpoints by more than 25 in east Baghdad in an attempt to ease traffic.
New US$1.485 Billion Package to Support Iraq’s Drive to Counter Cost of War, Low Oil Prices The World Bank Group has endorsed a new US$1.485 billion package to support reforms to improve public service delivery and transparency, stimulate private sector growth and support job creation. Iraq continues to face a large humanitarian crisis with 10 […]
Siemens has appointed Musab Alkateeb (53) as Chief Executive Officer (CEO) of the company’s operations in Iraq, effective January 1, 2017. Alkateeb will take over from Nael Ghali, and has more than 15 years’ experience working across various sectors in Iraq including oil and gas, finance, business development, IT and trade. Thomas Schmidt (37) takes […]
Over 400,000 people including displaced receive clean water in Baghdad thanks to generous funding from Japan The United Nations Development Programme (UNDP) and the Governorate of Baghdad have completed the rehabilitation of the primary water supply infrastructure in Al Nahrawan District, where water shortages and lack of clean water have exposed displaced people and the […]
By John Lee. Pakistan’s Lucky Cement has announced plans to increase capacity at its grinding unit in Iraq. In a statement to the stock market, the company said that together with its Joint Venture partner, it will to increase its existing cement grinding capacity from 0.871 million tons to 1.742 million tons per annum. This expansion […]
By John Lee. Italy's Italdraghe SpA has delivered a SGT 400 cutter suction dredger, similar to the one pictured, to the Iraqi Ministry of Water Resources. According to a report from Dredging News Online, it is the first of a series of three that the company is supplying to this particular client. (Source: Dredging News […]
Petrofac has secured a contract worth US$75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP). The one-year contract, with a one-year option, was awarded following a competitive tender and Petrofac, as the incumbent, plans to build on its four-year track record of safe and successful delivery on behalf […]
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. Iranian Dam Threatens Iraqi Kurdistan’s Legendary Sirwan River When neighbouring Iran tested their new dam recently, levels on an important Iraqi Kurdish river dropped four meters. Locals fear when the […]
British water engineering company Biwater has been awarded a $1.2 billion contract by the Kurdistan Regional Government to meet vital water supply and sanitation needs. Biwater have been contracted to deliver water and wastewater treatment solutions for the cities of Erbil and Sulaimani in the Kurdistan Region of Iraq. Works will alleviate the current strain […]
The UN High Commissioner for Refugees (UNHCR) has issued an update on the Iraq situation as at 6th December: KEY FIGURES 82,068 People displaced from Mosul and surrounding areas since the military offensive began on 17 October1 11,705 UNHCR kits of core relief items distributed to families (assisting some 70,000 people) displaced from Mosul and […]
By John Lee. GE, Trade Bank of Iraq (TBI) and Standard Chartered Bank (SCB) have reportedly signed a financing MoU to accelerate the development of power and infrastructure projects in Iraq. According to TradeArabia, a similar financing agreement with the three entities earlier this year facilitated the completion of the first phase of the ‘Power […]
