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