Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. A $10 million initiative to support the sustainable resettlement of internally displaced persons, returnees and displacement-affected communities has been launched across Anbar, Kirkuk, Ninewa and Salah al-Din. The programme is funded by the Government of the Republic of Korea through the Korea International Cooperation Agency (KOICA) and implemented by United Nations Development […]
By Noam Raydan, for Seatrade Maritime. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Despite Pipeline Talks, Hormuz will Remain Key to Iraq's Oil Exports Amid the protracted crisis in the Strait of Hormuz, Iraq has been racing to find new outlets and […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi has announced plans to distribute one million residential land plots to citizens, with the last plot to be allocated within three years. He made the comments on Friday during a session at the eighth Baghdad Dialogue Conference, organised by the Iraqi Institute for Dialogue. According to the […]
By John Lee. Loans for contractors on residential units at the Bismayah housing project are to be released through Rafidain Bank, following an emergency meeting between the National Investment Commission (NIC) and the Ministry of Finance. NIC Chairman Adel Dakhil Muhammad al-Yasiri met with Finance Ministry Undersecretary Dr. Ali Karim Hussein on Thursday to resolve […]
By John Lee. Iraq's cabinet has approved the allocation of IQD 15 billion ($11.5 million) for infrastructure development at three border crossings. According to the Prime Minister's Office, the funds will be directed towards upgrading the crossings at Rabia (pictured), Al-Waleed, and Safwan. (Source: Prime Minister's Office)
By John Lee. Al-Fares General Company, a subsidiary of the Ministry of Industry and Minerals, has supplied the Maysan Water Directorate with an integrated water filtration and purification complex with a production capacity of 50 cubic metres per hour. The complex was manufactured at the company's specialist production facilities. According to the Ministry of Industry […]
By John Lee. Iraq's Ministry of Construction, Housing and Municipalities has held talks with the Czech Republic on cooperation in water treatment and desalination projects. The meeting was attended by Michal Svoboda, the Czech Republic's Minister Plenipotentiary to Baghdad, and a representative of the Iraqi Ministry of Foreign Affairs. Iraq was represented by Engineer Ammar […]
By John Lee. Priorities for a new World Bank loan to Iraq's electricity sector were discussed at a meeting between Electricity Minister Ali Saad Wahib and Emmanuel Salinas Munoz, the World Bank's country director for Iraq, on Wednesday. According to the Ministry of Electricity, the meeting also reviewed progress on projects under the current World […]
By John Lee. A delegation of Turkish business leaders has met Iraqi Prime Minister Ali al-Zaidi in Baghdad to discuss bilateral economic and investment cooperation. The delegation was led by Lütfi Elvan, former Deputy Prime Minister and Minister of Treasury and Finance of Turkey. According to the Prime Minister's Office, al-Zaidi invited Turkish companies to […]
By John Lee. The Egyptian Maintenance Company (EMC), commercially known as 'San Masr' or 'San Misr', has won an international tender issued by Eni for the supply of electrical equipment at the Zubair oil field in Basra province. The total contract value is $18.6 million over three years. The contract covers the supply of a […]
By John Lee. Electronic applications for loans from the Iraqi Housing Fund are to open on 23 August for a four-day period, with each day allocated to a different group of governorates. Applications open at 10am on the day assigned to each governorate. According to the Ministry of Construction, Housing and Public Municipalities, the schedule […]
By John Lee. Iraq's General Company for Railways has met with a Turkish delegation to discuss implementing a framework memorandum of understanding (MOU) on transport infrastructure development signed earlier in August. The meeting, chaired by the company's director Mohammed Habib Jabr, was attended by Burak Aykan, Director General for European Union Affairs and Foreign Relations […]
