Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
By John Lee. A spokesman for Iraq's Ministry of Oil has said that Iraq is looking for international companies to build a pipeline from Haditha to the Jordanian port of Aqaba. Assem Jihad told NINA: "Iraq signed an agreement with Jordan to extend a pipeline to transport oil through Haditha in Anbar to the Jordanian […]
Mott MacDonald has joined up with Khudairi Group to deliver oil and gas projects in Iraq. The move combines the consultancy’s full range of engineering and procurement technical support services with Khudairi Group’s procurement, inspection, expediting and construction management services. Albert Allan, managing director of Mott MacDonald’s oil and gas business, said: “I am delighted […]
By John Lee. The Japan International Cooperation Agency (JICA) has agreed a loan for the rehabilitation of the fourth unit at the Al Hartha Thermal Power Plant in Basra; the amount of the loan as not been disclosed. The plant was originally constructed by a Japanese company in the late 1970s, and consists of four […]
By John Lee. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] met recently with a delegation representing the Japanese ministry of commerce and industry, headed by Mr. Shozo Takada. Also in attendance were representatives from the Japanese companies Mitsito, Hitachi, Mitsubishi Heavy Industries and Tio Engineering. Discussions concentrated on the development of commercial, economic, […]
By John Lee. The Head of Tehran Chamber of Commerce, Yahya Al-e Es'haq [Yahya Ale-Eshaq] (pictured), has said that Iran exported technical and engineering services valued at almost $6 billion (7.2 trillion Iraqi dinars) to Iraq in the first eleven months of the current Iranian calendar year (March 21, 2014-February 19, 2015). Fars News Agency […]
By John Lee. Pakistan's Lucky Cement has reported progress at its grinding unit in Iraq. Analyst Nabeel Khursheed at Topline Securities commented that operations from Iraq contributed net earnings of Rs323m (eps Re1) to Lucky’s consolidated bottom-line. (Source: DAWN.COM) (Picture: Muhammad Ali Tabba, CEO of Lucky Cement)
By John Lee. Prime Minister Dr. Haider Al-Abadi recently received in his office the director of the World Bank in the Middle East and North Africa, Mr. Farid Belhaj, and the Special Representative of the World Bank Mission in Iraq, Mr. Robert Bu Jodah. The meeting discussed the challenges of Iraq's economy caused by the […]
