Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By Ali Abdulameer for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. One of the strange indicators in Iraqi culture today is the graduation of dozens of cinema and cinematic art enthusiasts from the film departments in academies and technical institutes every year. Yet, […]
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW This week has seen little change in the security situation as suicide bombings and shooting endure and the Syrian conflict continues to make its presence known in the north of the country. The dynamic that is playing out in northern Syria is becoming of greater concern for […]
By John Lee. Iraqi Cabinet has authorised the Transport Ministry to sign the breakwater project for Great Fao [Faw] Port in Basra with the South Korean company Daewoo Engineering and Construction. According to a report from Aswat al-Iraq, this phase of the project will cost 521.56 million Euros. (Source: Aswat Al Iraq)
By John Lee. BGR Energy Systems has signed a contract with the Ministry of Electricity for engineering, procurement and construction (EPC) of four 125-MW gas-fueled power project at Nasiriya. The Economic Times reports that the contract is valued at $246 million and includes the scope of engineering, procurement and construction services of BOP, civil works […]
By John Lee. The Australian reports that the company at the centre of the Leighton Holdings bribery allegations has denied any involvement in corruption in Iraq, or having links to the Oil Minister and Prime Minister. Unaoil, which is based in Monaco, was alleged to have been paid kickbacks by Leighton to secure an oil […]
A pipeline to export oil from the Kurdistan Region will be operational within a few months, Ashti Hawrami (pictured), the Kurdistan Regional Government Minister of Natural Resources, told a meeting at the UK's Conservative Party conference yesterday. 'The new oil export pipeline from the Kurdistan Region is almost complete and is expected to be operational […]
By John Lee. [UPDATE: In January 2017, Wal King, former CEO of Leighton Holdings, received an apology and an out-of-court settlement from Fairfax Media following their claim that he knew of alleged corporate misconduct, including the payment of a $42 million bribe in Iraq.] Shares in the Australia's Leighton Holdings, Australia’s biggest builder, fell more […]
The latest upsurge in violence in Iraq and continuing political instability across the Middle East has seen global corporations taking steps to improve the safety of their workers, according to Advanced Glass Technology (AGT), a leading international specialist in protective window films and anchoring systems, which has recently established a permanent presence in the country. […]
The United States Department of Energy’s (DOE) Office of Electricity Delivery and Energy Reliability conducted a workshop in Baghdad, September 22-26, on electricity operations and maintenance for 20 engineers from the Ministry of Electricity who work at power plants across Iraq. The five-day workshop provided the Iraqi participants with tools and methods to enhance efficiency […]
By John Lee. Six hundred new elementary and secondary schools have beenn opened this month across Iraq, as part of a national plan to improve education in the country. The Minister of Education, Mohammed Tamim (pictured), told Al-Shorfa that building the schools cost around 500 billion Iraqi dinars ($429 million), . He added that an […]
By John Lee. The Iraqi-born architect Zaha Hadid has said that her work on a new Central Bank of Iraq headquarters is progressing. She was asked to build the new bank after a 2010 suicide attack on the existing building. But will she return to Iraq for the first time since 1980? She told Bloomberg: […]
By John Lee. Serco, the international service company, in cooperation with its Iraqi partner Al Burhan Group, has signed a new agreement with the Iraq Civil Aviation Authority (ICAA) to continue providing Air Traffic Control (ATC) services, training and support at Baghdad International Airport and extending our presence in Iraq. Serco has been providing these […]
