Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
On February 16, The Japan International Cooperation Agency (JICA) concluded a Japanese ODA loan agreement with the Republic of Iraq to provide a loan of up to 39.118 billion yen for the Port Sector Rehabilitation Project (Phase II), at the Ministry of Finance, Baghdad. This is the 20th loan agreement under the Japanese ODA loan […]
Jordan and Iraq began a coordination meeting with international companies interested in constructing an oil pipeline between the Iraqi city of Basra and the port city of Aqaba in Jordan. Work on the project will begin soon, and once completed, it will be used to export crude Iraqi oil through the Aqaba port. The final […]
By John Lee. A delegation from the Kurdish Regional Government, including Iraqi Kurdish Prime Minister Nerchivan Barzani and Natural Resources Minister Ashti Hawrami (pictured) are in Baghdad to resolve the long running dispute over oil exports from the KRG, Reuters reports. The drive to solve the row over exports gained new urgency in 2011 when […]
We all know that there are risks to doing business in Iraq, but there are also tremendous opportunities, and in this week's newsletter you can read many examples of companies seizing these opportunities and contributing to the much-needed redevelopment of the country. To keep you informed of new opportunities that might be of interest to […]
Siemens Energy has been awarded an agreement to perform service and maintenance at the 600 megawatt (MW) Baiji [Bayji] gas power plant, located in the Salah al-Din governorate in Iraq. Under terms of the contract signed with Iraq's Ministry of Electricity, Siemens will supply and deliver spare parts for the Baiji power plant's four SGT5-2000E […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th February 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,939 (-0.5%)/ $2,059 (-0.5%) (weekly change). The number of week traded shares was 7.4bn and the weekly trading […]
By Robert Tollast. Robert Tollast is a consultant at Noorbridge, a Helsinki based consultancy with staff in London and Nasiriyah, Iraq. He has written extensively on security, politics and economic issues in Iraq for various publications, and is currently researching a modern history of Iraq with support from The Middle East Forum. email: [email protected] twitter: […]
The Iraqi Ministry for Municipalities and Public Works has chosen Veolia to build and operate for five years a desalination plant in Basra, Iraq. For Veolia, this contract represents cumulated sales of $115 million. Limited water resources and conflict over its use have made water a crucial resource for Iraq's development, especially in the country's […]
Arabtec Holding PJSC has announced its intention to open an office in the Iraqi capital, Bagdad, to capitalize on the country’s high potential, particularly in oil and gas and infrastructure. The opening of Arabtec’s office in Baghdad to facilitate the company’s planned growth in the Iraqi Market is in line with the Company’s business growth […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Govt Attempts to Solve Iraqi Kurdistan’s Housing Crisis Causes Even Bigger Problems Authorities in Iraqi Kurdistan are trying to solve the housing crisis in the area by handing out […]
The US government has filed a complaint against Kellogg, Brown & Root Services Inc. (KBR) and Kuwaiti companies La Nouvelle General Trading & Contracting Co. (La Nouvelle) and First Kuwaiti Trading Co. (First Kuwaiti) for submitting false claims in connection with KBR’s contract with the Army to provide logistical support in Iraq, the Department of […]
The Weir Group has announced it has signed a contract with LUKOIL to provide general maintenance services for the West Qurna-2 oilfield in Southern Iraq. The agreement, which is for two years and is estimated to be worth a total ofUS$98m (£59m), will see Weir engineers deliver mechanical, electrical, maintenance and pipeline services for the […]
