Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
According to casualty figures released today by UNAMI, a total of 997 Iraqis were killed and another 2,172 were injured in acts of terrorism and violence in March*. The number of civilians killed was 729 (including 42 civilian police), and the number of civilians injured was 1,785 (including 98 civilian police). A further 268 members […]
By John Lee. UK-based Copperchase has won a $6 million (7.2 billion Iraqi dinar) contract with Hyundai Engineering & Construction to build a new security fence at Karbala oil refinery. The company used a £200,000 loan from the Tees Valley Catalyst Fund loan, which is managed by FW Capital, to secure the performance bond it […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Reconstruction is underway in Salahaddin province, following the destruction brought about by Islamic State (IS, ISIS, ISIL) forces:
By John Lee. The director general of the Heavy Engineering Equipment State Company (HEESCO) has held a meeting with a delegation from the Turkish companies ENKA and Gimtas. Mr. Deiaa Gumar said the two companies recognised the capabilities of HEESCO in making equipment for oil refining, production and transportation, and were keen to cooperate with […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As soon as merchant Ali Hussein had finished erecting his store at Najaf's "Big Market," 160 kilometers (99 miles) south of Baghdad, construction and decoration experts recommended that he cover the front with colored plastic […]
By John Lee. Several major project announcements are expected shortly in Diwaniyah, according to a report from ConstructionWeekOnline. These including projects attached to the $1.35bn Al-Diwaniyah International Commercial Airport (pictured), which is to be built by Kuwait’s Al-Nasriyah Company, and is due to be completed by the end of 2017. Other projects include a $210-million […]
By Luay Al-Khatteeb and Harry Istepanian, of the Brookings Institution. The need to confront and drive back the forces of the Islamic State (IS, ISIS. ISIL) has pushed long-term reform efforts in Iraq far down the list of priorities. Yet pressing economic reforms – such as restructuring and rebuilding the country’s energy sector – increasingly […]
By John Lee. Pakistan's Economic Coordination Committee (ECC) has approved a proposal to allow Attock Cement Pakistan Limited (ACPL) to transfer $24 million (29 trillion Iraqi dinars) to Iraq for the construction of a cement grinding unit in Basra. The investment will starting this month, with the company intending to hire 50 percent of its labour […]
Report first published in nina-iraq.com, the magazine for Iraqi women everywhere. By Dr. Basil Al-Fakhri, formerly of the Electricity Power Commission-IRAQ [1988-1989], consultant in Western power Utility, KBR consultant and SMEC consultant-Australia[2004-2012]. It is my belief that the Ministry of Electricity [ME] needs to engage with international consulting firms (this is what happens with oil […]
By John Lee. Basra governorate has reportedly approved 60 new power projects valued at a total of $218 million (255 billion Iraqi dinars) within its 2015 budget. The projects were given the green light at an emergency meeting of the governing council on Monday, and were fewer than desired because of budget constraints. Emirates 24|7 […]
Modern Iraq Company for Trading Agencies (MICTA), the authorized distributor for Cummins Power Generation, has supplied a prime power solution to an important religious site in Iraq. The 6.4 MW solution is powering the Al Abbas Mosque at Karbala, a mausoleum visited by millions of pilgrims every year. MICTA delivered, installed and commissioned four enclosed […]
By Robert Tollast. A number of recent reports have suggested the Islamic State is “losing” the fight in Iraq. Does this mean the end of the organization? It's a topic I wrote about at length for Dubai based consultancy The Brecon Group. In the long term of course, the answer is no. ISIL (the Islamic State […]
