Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
IBBC Forms Partnership With NOF Energy, Will Co-host Event In October A new partnership has been forged between the Iraq Britain Business Council (IBBC) and NOF Energy, a business development organisation for oil, gas, nuclear and offshore renewables sectors. IBBC will serve as one of the organisation’s 33 Global Partners and will promote the business […]
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. Kurdish Agree Arabs Can Own Real Estate, Sparking Controversy Last week, the governor of Sulaymaniyah ruled that Arabs could own houses and land in the area. The new rule sparked […]
The Ministry of Electricity of the Republic of Iraq (the MOE) herby announces issuing a Request for Proposal (PFP) in connection with the following tenders no. MOE/HQ/19/2016 for renewable Energy of 50 MW SAWA PV Power Plant Project on a (BOO) basis, Build, Own, Operate, at Al-Salman District, Al Muthana Governorate, Iraq. Tender Rules against […]
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. The Iraqi Jews of Dhi Qar were once an important part of the province’s social fabric. Despite controversial claims on land they left behind, older locals still remember their neighbours […]
In light of recent events in Iraq, and in response to the UN High Commissioner for Refugees’ recent appeals for emergency needs in Fallujah, the United States has announced an additional $20 million in humanitarian aid to UNHCR’s Iraq response. This will be part of a larger package of humanitarian assistance that will be announced […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 17 remittance companies took part in its currency auction on Thursday. A total of $135,861,364 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Work on a the $6-billion Karbala Refinery Project has reportedly been suspended. According to Korea Times, the work has been halted "due to the Iraqi government's late construction payment, raising concerns about its solvency." The Engineer, Procure and Construct (EPC) contractor for the Karbala Refinery Project is HDGSK, a South Korean joint […]
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. As the clean up in Ramadi continues, locals and officials are applying for reconstruction aid. But there are problems already, with calls of foul and favouritism and a lack of […]
Minister for Housing, Construction and Municipalities will attend IBBC Retreat at Cumberland Lodge, 8-10 July 2016 Dara Rasheed (pictured), the acting Minister for Housing, Construction and Municipalities, will attend this year’s IBBC Retreat at Cumberland Lodge. Mr Rasheed is a long term friend and supporter of IBBC and we are delighted that he has taken […]
Italy Provides Additional Funding for Stabilization Activities in Liberated Areas The Italian Republic is contributing an additional US$4.91 million (€4.5 million) to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). This follows a contribution of $2.72 million (€2.5 million) […]
By John Lee. Philippines-based International Container Terminal Services (ICTSI) is investing $130 million in Umm Qasr port, according to a report from Reuters. The Manila-based port management company signed a contract with General Company for Ports of Iraq involving the container facilities at Umm Qasr; it will operate, develop and expand the port. The three-stage […]
United States and Government of Iraq Work in Partnership to Improve Management of Public Funds On Thursday, June 2, U.S. Ambassador Stuart Jones (pictured), together with the Minister of Planning Salman al-Jumayli, and Chief of Staff for the Prime Minister’s Office Dr. Mahdi al-Allaq, participated in the Ministry of Planning (MOP) conference entitled “Reforming Development […]
