Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On July 26, the Iraqi government announced that the Popular Mobilization Units (PMU) will be converted into “an independent military formation affiliated with the armed forces’ commander-in-chief.” The Shiite force […]
By Jean Aziz for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. A hotel in Beirut was the scene of a series of secret meetings Aug. 8-11 between a diplomatic delegation that included representatives from Western countries and nongovernmental organizations (NGOs), and a delegation […]
The Kingdom of Norway has contributed an additional US$3 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). With this contribution, Norway has channelled $10.7 million to UNDP's FFIS during 2016. Based on priorities identified by the Government […]
State Commission for Customs, in coordination with the National Investment Commission (NIC), has announced an investment opportunity to establish a customs check point in Al Safra Zone / Al Uthaim in Diyala Province, and provide all necessary requirements and services (logistic and security). Interested investors are entitled to present their wish to the customs commission […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter and remotely […]
By Ibrahim Malazada for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is one of the worst-off countries in the world in terms of minefield and projectile pollution, with 25 million land mines and other unexploded ordnances scattered across the country. The concentration is especially dense […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Mohammad Karim Khudair, 13, quickly pushes his luggage trolley through the streets of Najaf. The small three-wheel trolley is loaded with the luggage of an Iranian tourist who came to the city to visit […]
Japan's Marubeni-Itochu Steel has joined the Iraq Britain Business Council (IBBC). The company is a joint venture between Marubeni Corporation and Itochu Corporation, established in October 2010 when the two companies merged their respective steel divisions. Its Tubular Products Division, which operates under the name Marubeni-Itochu Tubulars, supplies tubular products for the energy sector; its […]
By John Lee. The United States has filed a False Claims Act complaint against DynCorp International Inc. (DynCorp) alleging that it knowingly submitted inflated claims in connection with a State Department contract to train Iraqi police forces (CIVPOL contract). The United States filed the complaint in the U.S. District Court for the District of Columbia. […]
