Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Chinese engineering company Norinco International has reportedly signed a contract with Jabal Bazian Co for General Trading [Jabal Jaber Bazian Company for General Trading] for the construction of a new cement plant in Iraq. The $445-million contract covers the plant's production line design, purchasing, construction management, operational work as well as administration […]
Marking a key milestone in Fallujah’s recovery, the Government of Iraq and UNDP’s Funding Facility for Stabilization (FFS) re-opened Al Azrakiyah Water Treatment Plant, which provides safe water to more than 60% of the city. The rehabilitation of the plant was one of the key projects requested by the Anbar Command Cell, which is responsible […]
IMF Team Reaches Staff-Level Agreement on Second Review of Stand-By Arrangement with Iraq The Iraqi authorities and an International Monetary Fund (IMF) team reached a staff-level agreement on the second review of the Stand-By Arrangement (SBA) that was approved by the IMF Executive Board on July 7, 2016 (See Press Release No. 16/321). The SBA […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Saturday, conducting 32 strikes consisting of 65 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
The Head of the Parliamentary Finance Committee, Mohammed al-Halboussi, has reportedly requested that the Iraqi government expedite the approval of the protection and security contract for the International Highway between Iraq and Jordan and allow the re-opening of the border-crossing between the two countries. Halboussi stated that the project was considered an exceptional one, which […]
Germany's MAN Diesel & Turbo has delivered six MAN 18V32/40 engines, including gensets and mechanical equipment, to its customer CGGC-UN Power Co Ltd. (China Gezhouba Group Cooperation) in Samawah, Iraq. CGGC is taking on the role of EPC contractor (engineering, procurement, construction) in the building of a 50 MW captive power plant for a cement […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Coalition military forces conducted 18 strikes consisting of 21 […]
UNIDO and Japan support two projects for economic recovery and social stabilization in Iraq The United Nations Industrial Development Organization (UNIDO) and the Government of Japan have agreed to launch two projects in Iraq to lift the burden on the local communities affected by the influx of people who have had to flee their homes […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. A new era has started in the northern Ninevah Plains, known for its ethnic and religious diversity, following the expulsion of the Islamic State (IS). IS took over the […]
By John Lee. A plan has reportedly been made to rebuild the areas liberated from the Islamic State group (IS, ISIS, ISIL, Daesh) over the next 10 years with $100 billion in financing. According to Al Arabiya, Iraq’s Planning Minister Salman Al-Jumayli said on Wednesday: “The plan to bring stability and development for the liberated […]
By John Lee. France's former Ambassador to Iraq has gone on trial over charges of tax fraud. Boris Boillon (46) was arrested in 2013 trying to take a train to Belgium with €350,000 in cash. The youngest ambassador under President Nicolas Sarkozy, Boillon said the money was payment for work he had done as a […]
During a visit to Iraq, an Iranian deputy minister was updated on the latest status of two sports arenas that Iranian companies are constructing in Baghdad. Mojtaba Khosrotaj, Iran’s deputy minister of industry and head of the Trade Promotion Organization of Iran (PMOI), held a meeting with Iraq’s minister of youth and sports and with […]
