Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Taq Kasra, some 40 kilometers (25 miles) south of Baghdad, is different from many other sites and monuments that date to the pre-Islamic era in Iraq. Unlike them, Taq Kasra has a place […]
Iraqi Government, EU, IMF, UNAMI, and World Bank representatives participate at IBBC’s annual retreat in Windsor Dara Rasheed, Iraq’s acting Minister of Housing and Construction, Jan Kubis, Head of UNAMI and Special Representative of the United Nations for Iraq, Robert Bou Jaoude, World Bank’s Special Representative for Iraq, Patrick Simmonet, EU Ambassador to Iraq and […]
By Aziz Al Nassiri. The idea of the RiTS Hexagon vision is to offer well-thought-through project concepts to deal with some of the most pressing problems Iraq faces today. The country’s leadership has been good with identifying the objectives, however not very good with specifying strategies to help achieve these objectives. Hence our projects are […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The president of the International Committee of the Red Cross (ICRC), Peter Maurer, says that levels of suffering in Syria and Iraq have reached unprecedented levels. Rare aerial footage gathered by ICRC shows […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th June 2016). Note: ISX will be closed starting from July 5, 2016 to July 7, 2016 due to the national holiday of Eid Al-Fitr. The next session will be held on Sunday, July 10, 2016. Please click here to download a table of listed […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 17 remittance companies took part in its currency auction on Sunday. A total of $135,440,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi marsh residents hold tight to their reed homes Many houses in the towns and villages in southern Iraq are made of green reeds. The town of Nasiriyah, which is located 350 […]
By Omar Sattar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As the armed conflict with Islamic State (IS) in Anbar province ended with the liberation of Fallujah, a political conflict emerged there over posts, influence and economic interests. This started even prior to the […]
By John Lee. A court in Australia has decided that the father of a terrorist who was killed fighting for the Islamic State group in Iraq is to stand trial, along with two other men, on charges of conspiring to send a $1-million bribe to Iraq. According to Australian Associated Press, there is no suggestion […]
By John Lee. The father of a notorious ISIS terrorist is facing charges in Australia for allegedly conspiring to bribe officials at a company linked to the Iraqi government in the hope of winning lucrative building contracts. Mamdouh Elomar, aged 62, his brother Ibrahim Elomar (60) and businessman John Jousif (46) were charged following information […]
The Financial Times reports that Iran finds Iraq to be a big market for its domestically produced goods, including fresh milk, antibiotics and cement. Yahya Ale Eshaq, head of the Iran-Iraq Chamber of Commerce, told the newspaper: “Iraq needs everything, which makes it the best market for Iranian-made goods ... “We can work with European […]
By John Lee. Power supply ships have reportedly returned to work in Basra following threats from the governor to expel them. The ships, reportedly owned by the Turkish-based Karadeniz Holding, had stopped production for several hours due to unpaid debts of $85 million owed to them by the Ministry of Electricity. The Turkish company supplies […]
