Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The former CEO of US-based engineering consulting firm Louis Berger Group has pleaded guilty to overbilling for reconstruction contracts in Iraq and Afghanistan. Bloomberg reports that Derish Wolff, 79, admitted that he conspired to defraud the U.S. Agency for International Development (USAID) over nearly 20 years, enriching himself and his company 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. The first rainfall of the season swept Iraqi cities Nov. 21, causing flooding in schools, houses and streets. Siham Ahmed, a student from al-Diwaniya city south of Baghdad, couldn’t get to […]
Prime Minister Dr. Haider Al-Abadi and his accompanying delegation arrived in Abu Dhabi on Monday morning, and were welcomed at the presidential airport by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and the head of the mission of honor Dr. Sultan […]
By John Lee. Reuters reports that Mass Global will partly finance a $3-billion power plant in Bismaya. The gas-fired, 3,000-megawatt plant is being built by Turkey's Enka Insaat, whose chairman Sinan Tara said it would be financed partly from Mass Global's equity and partly from Iraqi lenders. The project will be built in two phases […]
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. Sana al-Khafaji, an employee in Iraq’s Ministry of Construction and Housing, was surprised by the $100 deduction from her monthly salary paid by the Iraqi government, following news about an expected government […]
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. No one in the southern Iraqi province Basra believed that families would flock to Hurriyah (Freedom) Square to see and sit by the new monument after it was greatly ridiculed in newspapers […]
By John Lee. Swiss-based Sulzer has signed an agreement to form a joint venture with the Unaoil Group to service of rotating equipment for oil and gas, and power customers in Southern Iraq. The joint venture (JV) will operate under the name of Sulzer Rotating Equipment FZCO and will have offices in Dubai, with local operations […]
By John Lee. Turkey and Iraq have agreed to closer cooperation in their fight against the Islamic State (ISIS, ISIL, IS). During Turkish Prime Minister Ahmet Davutoğlu’s visit to Baghdad, he and his Iraqi counterpart Haider al-Abadi said they were confident of improving relations between the countries and making them even stronger than before. "We […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi government transferred $500 million to the autonomous Kurdish region on Wednesday as part of a deal aimed at ending long-running oil and budget disputes, the finance minister said:
By Samar Rassam-Whitticombe, CEO of Somer Industrial Projects (SIP). This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. My focus this issue is two-fold; firstly political stability and secondly the creation of a sustainable, successful private sector to promote a positive business and physical environment. I […]
By John Lee. Iraq has inaugurated a 162-MW power station designed and built by Iran's MAPNA Group in the Heidarieh [Haidariya] district, some 25 km north of Najaf. Iran's PressTV reports that the opening ceremony on Thursday was attended by the Iranian and Iraqi energy ministers. According to the report, Iran's Energy Minister, Hamid Chitchian, […]
By Robert Tollast. Luay al-Khairullah has reason to be optimistic. As Chairman of the Dhi Qar Provincial Investment Commission, I spoke to him last year about the planned Nasiriyah Integrated Project (NIP) a 300,000 barrel a day capacity refinery not far from his home town. It's a project that will create much needed jobs and provide […]
