Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
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 […]
