Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
By John Lee. French cement maker Lafarge has written down 385 million euros of assets, mostly in Syria and Iraq. Volume sales were hit by the limited ability to transport cement in Iraq in the second half of the year. Bloomberg, however, quotes Chief Executive Officer Bruno Lafont (pictured) as saying that cement sales in […]
By John Lee. Shares in APR Energy were up 3 percent on Wednesday morning after the company announced that it has signed a contract renewal for its power generation contract in Iraq, taking the term through the end of 2015. The power plant has been in operation since 2012 and comprises six GE TM2500 mobile […]
Northern Ireland-based Lignum Interiors, a joinery business specialising in bespoke furniture particularly for high-end hotels, has recently secured a six figure contract in Northern Iraq. The company is fitting out a luxury apartment complex in Northern Iraq and secured the deal with advice and networking assistance from Invest Northern Ireland. This support helped the company […]
Fugro has been awarded a three year contract extension by Basra Gas Company (BGC). The contract covers the provision of topographic and geotechnical services in the Basrah province of Southern Iraq, as well as bathymetric surveys and metocean services. Since being awarded the contract in March 2014, Fugro has provided geotechnical and topographical survey investigation […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Dozens of Iraqi refugees from the Bo-Nimir tribe, from the IS-controlled Anbar province, take shelter in makeshift homes in Ramadi, in northern Baghdad, as they wait for an opportunity to go back home:
By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks took part in its currency auction on Thursday. A total of $80,258,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. China Petroleum Pipeline (CPP) and North America Western Asia Holdings (NAWAH) have announced that the two companies have entered into an agreement to jointly pursue potential energy sector development projects in Iraq. Under the agreement signed during a formal ceremony in CPP’s global headquarters in China, CPP and NAWAH will seek an […]
By John Lee. Babylon Investment Commission (BIC) has invited investors to set up in the Industrial Zone at Al-Kefel, Babil. In a statement, the BIC said: Babylon Investment Commission is pleased to announce completing the procedures of specifying the Industrial Zone borders in Al- Kefel area to be extended on parts of the lots numbered […]
By John Lee. Parsons has announced that it was recently awarded the front-end engineering design (FEED) for South Oil Company’s Common Seawater Supply Project in southern Iraq. This landmark project will provide 12.5 million barrels of water per day (bwpd) of treated seawater to oilfields in southern Iraq. Parsons’ scope of work includes conducting 14 […]
