Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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. […]
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. Iraq’s economic crisis is about to get worse. The government, which relies on oil for 90% of its revenue and 80% of foreign exchange earnings, faces plunging oil prices combined with rampant corruption and […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter […]
By John Lee. BBC reports that Iraqi security forces have begun building a 300km (186 miles) wall around Baghdad in an effort to prevent attacks by the Islamic State group (IS, ISIS, ISIL, Daesh). The new barrier, which will include a two-metre deep trench and surveillance cameras, will surround the city from all sides, an […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq announced on Tuesday that it has awarded Italian firm Trevi a contract to repair and maintain the country's largest dam, which is in danger of catastrophic collapse.
Mayor of Tikrit: With the help of UNDP, people have reestablished essential services for our community The Mayor of Tikrit, Omar Tariq Ismail, says he is proud of the progress his city has made in the past seven months following liberation from the control of the Islamic State of Iraq and the Levant (ISIL). “With […]
By John Lee. The China Petroleum Pipeline (CPP) and private company Mass Global have reportedly formed a consortium to build an $18-billion export pipeline from Basra to the Jordanian Red-Sea port of Aqaba (pictured). Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] told Reuters: “The two companies will submit their investment offer to the oil […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th Jan 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD925 (-2.1%) / $960 (-1.3%) (weekly change) (-15.2% and -16.2% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter, and […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 20 remittance companies took part in its currency auction on Monday. A total of $154,530,043 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. U.S. Army Lieutenant General Sean MacFarland has said the US military was working with the Iraqi government on a plan to protect civilians in the event of a collapse of Mosul Dam. Reuters quotes him as telling journalists in Baghdad: "The likelihood of the dam collapsing is something we are trying to […]
By John Lee. The Iraqi government is reportedly considering the sale of more than 600,000 state-owned properties, including around 1,000 that formerly belonged to Saddam Hussein. The sale could potentially yield $150 billion, helping to bolster the country's finances as it struggles to cope with lower oil prices. But according to a report from The […]
