By John Lee. Iraq's Ministry of Finance has allocated one billion dinars (£700k) to Anbar Governorate to complete procedures relating to the Arar (Ar Ar) border crossing. The border post with Saudi Arabia was re-opened in late 2020 following a 30-year closure. Improving trade links between the two countries has been a priority for both […]
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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Hear Iraq's principal ministers and financiers share their vision and policies for Energy, Finance and Educational sectors at IBBC's Mansion House conference on 24th May. Iraq is on the cusp of forming a new Government and is benefitting from high oil revenues and stability. The IBBC Spring conference is ideally timed for a potential new […]
By John Lee. Zawya has reported that Chinese companies will build a major new "Science City" near the Iraqi city of Mosul. It says the deal was finalised under a landmark oil-for-projects agreement signed in 2019. The project involves the University of Alhamdaniya [Al-Hamdaniya], but the Chinese companies have not been named. (Source: Zawya)
By Michael Young, for Carnegie Middle East Center. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Breaking Bad in Basra In an interview, Harith Hasan discusses how environmental degradation has affected sociopolitical stability in southern Iraq. Click here to read the full report.
By John Lee. A meeting has been held with the China State Construction Engineering Corporation (CSCEC) to discuss the the first steps in the rehabilitation of Nasiriyah International Airport. The company signed a contract for the project with the Iraqi Civil Aviation Authority (ICAA) in June 2021. According to Al Sabaah, he meeting was attended […]
By John Lee. Jordan's Al Tanmiya Steel has completed the sale of its Iraqi steel operations for $195 million. Al Tanmiya had full ownership of the Iraqi Al Anmaa for Construction Materials Production, which operates a steel plant (pictured) in Khor Al-Zubair, Basra. Al Anmaa has been bought by Alghad Almutkamel for General Trading and […]
By John Lee. The Secretary-General of Iraq's Council of Ministers has chaired a meeting of the committee for the implementation of the Baghdad Elevated Train (BET) project. Dr Hamid Naim Al-Ghazi said the project is considered to be vital and strategic, and runs in conjunction with projects to rehabilitate the entrances to Baghdad, and to […]
Iraq Reform, Recovery and Reconstruction Fund (I3RF): Trust Fund Annual Progress Report to Development Partners 2021 Since its inception in November 2018, the Iraq Reform, Recovery and Reconstruction Fund (I3RF) has worked closely with the Government of Iraq to support its recovery and reconstruction plans as well as inform its reform agenda adopted in October […]
By John Lee. The Secretary-General of the Council of Ministers has chaired a meeting on the development the holy city of Kadhimiya, a suburb of Baghdad, which is described as "a destination for official delegations and visitors from all over the world." Dr. Hamid Naim Al-Ghazi emphasised the prioritization of projects, such as multi-storey garages, […]
By John Lee. Work has started on the construction of 40 new schools in Najaf, as part of the Chinese-funded plan to build 1,000 schools across the country. The schools will be built by the Power Construction Corporation of China (PowerChina). The Secretary-General of the Council of Ministers, the Minister of Education and the Governor […]
By John Lee. Dari Concepts LLC, Newark, Delaware, has been awarded a $10,026,228 firm-fixed-price contract for labor, materials and supplies to acquire, deliver and install security systems along the perimeter of the International Zone in Baghdad, Iraq. Bids were solicited via the internet with eight received. Work will be performed in Baghdad, Iraq, with an […]