Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Robt. Stone (ME) LLC (RSME) has to announced that it has signed a Joint Venture agreement with NSCC International Limited (NSCC), under the name of “NSCC-RSME”, to exclusively bid together for "projects of mutual interest beyond UAE with a particular focus on Iraq". The Joint Venture will primarily pursue EPC (Engineering, Procurement […]
By Robert Tollast. The following is an interview with an Iraqi finance professional with a degree in Accounting and Finance. He is also a Chartered Certified Accountant with extensive experience in Banking. He returned to Iraq in early 2013 and now works as a Portfolio Manager, travelling across Iraq but residing in the Iraqi Kurdistan. He was kind […]
Some of Britain’s most successful businessmen and women will fly to Erbil tomorrow (September 23rd) on a Trade Mission designed to show the UK’s continuing support for the resilience of the Kurdistan region of Iraq’s infrastructure, society and economy. Organised by the Iraq Britain Business Council (IBBC), the group will spend three days meeting senior […]
By John Lee. Iraq has agreed to increase cement imports from Iran. Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency: "As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh, Chazzabeh and Mehran border terminals." He noted that the new […]
Niqash has issued the following listing of the new Iraqi cabinet, translated from the Arabic official government announcement: Deputy Prime Ministers: Hoshyar Zebari (Kurdish); Saleh al-Mutlaq (Sunni); Bahaa al-Araji (Shiite) Ministry of Agriculture: Falah Hassan al-Zaidan (Sunni) Ministry of Communication: Kazem Hassan Rashed (Shiite) Ministry of Construction and Housing: Tariq al-Khikani (Shiite) Ministry of Culture: […]
By John Lee. Influential trade body, the Iraq Britain Business Council (IBBC), has welcomed three new members since the start of August: Zaha Hadid Architects (ZHA), the internationally renowned design firm – with British-Iraqi Pritzker Architecture Prize winner Zaha Hadid at its helm – is set to bring its bold and visionary design to Iraq, […]
By John Lee. The Dhi Qar governorate intends to invest 500 billion Iraqi dinars ($430 million) in power projects in the next three years, according to a report from Emirates 24/7. Shanan Al Zamli, chairman of the electricity committee in the governing council, told al-Sumaria that the investment will add 2,000 MW to its generating capacity, […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Abadi's Balance Draws Praise, but Governing Iraq a Tightrope Act Iraq’s Prime Minister-designate Haider al-Abadi has not sought media attention or stirred up political, sectarian and nationalist sensitivities in speeches and statements […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqis Call to End Sectarian Quotas for some Ministries On Aug. 21, intellectuals and trade unionists met in a hotel in central Baghdad for a conference calling on Prime Minister-designate Haider al-Abadi, […]
Prime Minister Nechirvan Barzani yesterday chaired a meeting of the Kurdistan Region’s High Council for Investment to discuss various issues related to investment and the economy. In the meeting, implications of the current situation and the latest developments in the Kurdistan Region were discussed, as well as the economic crisis and the effects that Baghdad’s […]
By Patrick M Schmidt. The governor of Al Diwaniyah officially announced the start of the bidding process for a new airport in the southwest of the province. The project recently received approval from the central government for the construction of a civilian airport. The local government will soon begin presenting the idea to foreign contractors. […]
By John Lee. The BBC's Jim Muir has reported from the front lines at Bakarta in the Kurdish region of Iraq, where Kurdish Peshmerga troops have retaken villages lost to the Islamic State of Iraq and the Levant (ISIL). Interestingly, Muir reports from a hill on the front lines that the Kurds seized from ISIL, […]
