Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
By John Lee. South Korea's LSIS said on Tuesday that it has signed a deal to supply electrical equipment for the Bismayah New-City Project (BNCP) (pictured). The deal, worth about 160 billion won ($146 million, 170 billion Iraqi dinars), will see the company supply equipment for gas insulated switchgear at 32 substations over the next […]
By John Lee. The former president, chief executive officer, and chairman of the board of a New Jersey-based international engineering consulting company has been sentenced to 12 months of home confinement and fined $4.5 million for conspiring to defraud the U.S. Agency for International Development (USAID) with respect to billions of dollars in contracts over […]
Iraq Business News (IBN) recently interviewed Colin Findlay, General Manager of Severn Valve Solutions and Executive Director of the Severn Glocon Group of companies, about doing business in Iraq. IBN: Can you tell us a little about your business in Iraq? Colin Findlay: Severn Valve Solutions was formed in 2012 and has quickly become the […]
Over 500 families have moved into the newly opened Shekhan camp for internally displaced people (IDPs) in northern Iraq over the past week and hundreds more will move in in the coming days. The camp has been constructed by a consortium of humanitarian partners with the support of multiple donors and will eventually provide shelter […]
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The war against terrorism and a decrease in oil prices resulted in Iraq running a deficit in its 2015 budget. This has been accompanied by tensions in Iraq and neighboring countries […]
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. Not Minding Their Own Business: US Draft Law Causes First Major Political Upset In Baghdad's New Govt A recent piece of proposed legislation sponsored by US Republicans has caused some […]
The Basra Compact, a flagship partnership to revive the economy in southern Iraq The authorities of Basra and the UN Development Programme (UNDP) have signed a flagship agreement, the Basra Compact, aiming at strengthening participatory and accountable governance and reviving the economic activity in the southern governorate, which is not just oil-rich but needs to […]
By John Lee. The Government of Canada has said it is committed to supporting Iraq in addressing the development challenges that it faces as a result of the barbaric and murderous rampage of the so-called Islamic State of Iraq and Syria (ISIS, ISIL, IS). To this end, Prime Minister Stephen Harper, pictured here on his […]
The financial losses being made by Iraq’s state owned enterprises are “not acceptable” and the Government is pushing through new legislation to prioritise the growth of the private sector, the Prime Minister’s Chief of Staff told a high-level business conference in Baghdad last week. Speaking at the Iraq Britain Business Council (IBBC) event in the […]
