Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. In its final results for the 52 week period ended 1 January 2016, released today, Weir Group announced that services revenues were more resilient with growth in Iraq partially offsetting declines in the North Sea and the Caspian. The company also said that is had acquired a service facility in southern Iraq. Keith […]
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. The Iraqi government has embarked on the construction of a wall around Baghdad to protect the capital from terror attacks that have been ongoing since 2003 and to isolate it from hotbeds in […]
By Omar al-Jaffal, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The city of Fallujah in Anbar province has been under the Islamic State’s (IS) control for nearly two years. When asked about the living conditions there, Mahmoud Falluji (a pseudonym) said, “I reached a […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 20 remittance companies took part in its currency auction on Wednesday. A total of $94,700,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Engineers say the Mosul dam in northern Iraq is the world's most dangerous - despite millions of dollars that have been spent to strengthen it. They need more cash - after discovering that […]
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded a contract for the supply of 100 prefabricated shelter units for IDP’s at the Eyon Missan IDP camp. The contract (Reference: 15-IQOH-ITB-089), valued at $589,690, has been given to Wadi Albarari for General Contracting & Engineering Consultancy & General Trading and Oil […]
By John Lee. Mohammad Reza Nematzadeh, Iranian minister of Industry, Trade and Mines, has opened a new assembly line at Iran Khodro (IKCO)'s assembly plant in Iskandariya, Iraq. The factory has the capacity to manufacture 30 Arisan pickup trucks per day; the Arisan, also called the “PU1”, replaces the Paykan pickup in Iran’s market. Parts […]
By John Lee. Approximately 5,700 structures in and around Ramadi have incurred some level of damage since mid-2014, and almost 2,000 buildings have been destroyed, according to a study published by the United Nations Institute for Training and Research (UNITAR). Using satellite imagery collected on 29 January 2016 by the GeoEye-1 satellite, and compared with […]
By John Lee. Iraq approved plans to transform the air base in Kirkuk into a modern civic airport. To do so it is seeking an investor to carry out the project an Iraqi MP told Rudaw, citing that several domestic and foreign companies have requested tender to start working on it. Iraqi MP Arshad Salehi […]
Prime Minister Dr. Haider Al-Abadi met business leaders and representatives of German companies in Berlin on Friday morning and welcomed the participation of German companies and investors in the building and reconstruction of Iraq and the development of its economy and the revitalisation of industry, agriculture, housing and other investment opportunities available in most of […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has completely retaken Ramadi from the Islamic State group, but now faces the enormous challenges of removing bombs, reestablishing basic services and rebuilding the shattered city, officials said Tuesday:
By John Lee. A new report by the U.S. Army Corps of Eengineers (USACE) says that the probability of Mosul Dam collapsing is even greater than was previously believed. According to Associated Press, the problem is that the dam was shoddily built on unstable ground: The earth underneath it is constantly being eroded by water. […]
