Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Finance Minister Hoshyar Zebari has signed a memorandum of understanding with the Japanese charge d'affaires in Iraq to finance two development projects using loans from Japan. The first involves a loan of $450 million (525 billion Iraqi dinars) for reconstruction in the electricity sector, while the second is to finance the reconstruction […]
The Iraq Britain Business Council’s (IBBC) Executive Chairman, Baroness Nicholson of Winterbourne, has been reconfirmed as UK’s official Trade Envoy to Iraq by the newly appointed Minister for Trade and Investment. Francis Maude said the continuation of the Trade Envoy programme reflected the strong sense he had of the contribution they were making to the […]
By John Lee. Texas Aquatic Harvesting Inc., an aquatic vegetation removal company, is reportedly working on a $2-million (2.3 billion Iraqi dinar) deal with the Iraqi government for 10 tiger cutters. Tiger cutters are 21-foot-long vessels that clear waterways using a pair of blades affixed to their front to shred overgrown vegetation. The company employs […]
According to a report from BasNews, the Baghdad-Kirkuk highway was reopened on Monday, having been closed since March 2nd due to attacks and threats from the Islamic State (IS, ISIS, ISIL). For the moment, it is only open to personal vehicles, taxis and buses, and is not yet open to trucks. The Shi’ite militia group Hashid […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant (ISIL, ISIS, IS) terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported. Officials reported details of the latest strikes, which took place between 8 a.m. Sundayand 8 a.m. Monday, local time, noting that assessments […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Al Jazeera's Imran Khan discusses ISIL in Iraq:
The UN Development Programme (UNDP) today donated three dislodging tankers to local authorities in Dohuk, Kurdistan Region of Iraq, to improve WASH services in a governorate, which contends with one of the largest numbers of internally displaced persons in the world. The dislodging tankers will provide sanitation services to at least three camps, or some […]
By John Lee. The Turkish Petroleum Overseas Company (TPOC) has issued a request for expressions of interest in its Mansuriya Gas Plant The Mansuriya gas field is located in Diyala governorate approximately 45 km north of Ba’quba city in Iraq. This location is about 100 km north-east Baghdad and south-west of Hamrin Lake. Turkish Petroleum […]
By John Lee. The head of Iran’s Department of the Environment, Masoumeh Ebtekar, and Iraq’s Minister of the Environment, Ibrahim Turki al-Juburi (Qutaiba al-Jibouri), have met to search for solutions to the environmental issues affecting the countries. According to the report from BasNews, the Ministers discussed the dust storms that blanket the region, particulate pollution, […]
Kurdistan Region Prime Minister, Nechirvan Barzani, has received Mr. Akihiko Tanaka, head of Japan International Cooperation Agency (JICA) and Japan’s Ambassador to Iraq. Mr. Tanaka expressed his appreciation for the assistance that Kurdistan Regional Government, KRG, provides to the agency during the implementation of their projects in the Region. He briefed the Prime Minister about […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 15 banks and 3 remittance companies took part in its currency auction on Sunday. A total of $ 149,182,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Italian dredger builder Italdraghe and its consortium partner CPN are building three dredgers for the Iraqi Ministry of Water Resources. Work is already well underway on one Italdraghe SGT 400 D (pictured) and two Italdraghe SGT 300 RB diesel cutter suction dredgers, all designed specifically for the Ministry’s river, sea and dam […]
