Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported on Tuesday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]
A new Funding Facility for Economic Reform is being established to accelerate reforms in the Kurdistan Region The United Nations Development Programme (UNDP) signed an agreement today in Erbil with the Ministry of Planning of the Kurdistan Regional Government (KRG) to establish a new Funding Facility for Economic Reform (FFER). FFER will be used to […]
By Madeleine White Reflections on Trade+ Impact summit, in Ifrane, Morocco 19-23rd September 2016 Madeleine is co-founder of Nina magazine, Impact director of Enterprise development NGO Challenges Worldwide (a founder member of the Access to Finance for Rural Enterprise (ACRE) consortium). Madeleine contributed to discussions around the importance of impact investment and social enterprise within wider economic […]
By Omar al Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On Sept. 5, unidentified gunmen attacked the home of Ann Nafaa Awsei, the newly appointed minister of construction, housing and public municipalities, in the Iraqi capital, which resulted […]
By John Lee. Minister of Foreign Affairs Dr Ibrahim Al-Jaafari met the British Minister of State for International Development Mr Rory Stewart in London on Saturday. Both sides discussed a number of important issues, especially the return of the displaced families to their homes after liberating their towns from Da'esh. His Excellency said that Iraq […]
The United States is providing more than $181 million in additional humanitarian assistance for the Iraqi people to address critical humanitarian needs, including those expected to occur with Iraq’s planned military offensive to liberate Mosul from Da’esh occupation. U.S. Deputy Secretary of State Antony J. Blinken (pictured) announced this new funding today, bringing U.S. humanitarian […]
By John Lee. Philippines-based port company International Container Terminal Services Inc (ICTSI) is to open a new section of its Umm Qasr port in October. The VP and Head of Asia-Pacific region, Christian Gonzalez, is quoted as saying that the company has allocated $420 million in capital expenditure for 2016, to be used for the […]
Shaping Operations Continue in Iraq, Syria as ISIL Leaders Targeted The past three weeks has seen continued shaping and clearing operations in Iraq, continued reduction of the Islamic State of Iraq and the Levant’s ability to move fighters in and out of northern Syria, and sustained pressure on ISIL’s command and control, the Operation Inherent […]
By Robert Tollast Recently, a friend at Fikra Space, the pioneering Iraqi hackerspace group, emailed me some news that could have far reaching effects in Iraq. On the face of it, it probably seems like a fairly mundane development. Ideal Payments, the electronic payment providers, have partnered with Belgium based Monniz and Iraq's Taif Money […]
GE has signed a multiyear agreement in Iraq with Mass Energy Group Holding. The $520-million contract includes operation and maintenance services as well as GE’s advanced digital industrial solutions for the 3-gigawatt gas-fired Basmaya [Bismaya] Power Plant, 40 kilometers east of Baghdad. This contract represents a continuing effort between Mass Energy Group Holding, the Iraqi […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 15 remittance companies took part in its currency auction on Thursday. A total of $136,428,356 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Lafarge Iraq has signed an agreement with Iraq's General Company for Land Transportation (GCLT) to transport cement. The contract is the largest in the history of the GCLT, which is owned by Iraq's Ministry for Transport. It will run for one year, and may be extended for five years. Lafarge Iraq is […]
