Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Ministry of Electricity’s 2013 budget has soared to $14 billion to help it end power outages in the country, reports Azzaman. But the ministry’s spokesperson Musaib Mudaris said the blackouts will continue until the end of the year, by which time output will reach 13,000 megawatts, enough to meet the country’s […]
By John Lee. The Iraqi Ministry of Housing and Reconstruction on Tuesday has announced a 25-billion-dinar ($21.5-million) plan to develop roads and bridges across the country. According to a report from Al-Shorfa, the plan involves building three bridges on the Euphrates in western Iraq and one in Kirkuk province. The ministry also plans to renovate […]
By John Lee. Iraqi Airways is due to receive its first new Boeing 737-800 (pictured) this week, according to KUNA. It will the first of a total of 30 aircraft to be received between now andl 2017, and includes 12 first class seats and 150 economy seats. Iraq signed the deal for the aircraft in […]
By Abdullah Salem. 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. Lack of a working property registration office in Mosul means fraudsters are taking advantage of legal loopholes to sell buildings and land out from under unwitting, […]
Anbar province recently announced its completion of a 12 billion Iraqi dinar ($10.3 million) highway project linking western Iraq to Saudi Arabia. Anbar province spokesman Mohammed Fathi Hantoush explained that the highway, called the Land Pilgrimage Road, is 230 kilometres long and links central Anbar to the Saudi border at Arar border crossing. Hantoush added […]
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW Iraq has once again been gripped by severe violence this week with hundreds killed in multiple bombings and shootings, which have predominantly, and somewhat unsurprisingly, targeted Baghdad and the northern Provinces. Thursday 25 July saw at least 28 people were killed in bombings and shootings across Iraq. […]
By John Lee. According to a report from World Bulletin, a new 750-megawatt (MW) power plant in Mosul city is planned to be completed and operating by September 2013. Build and run by Turkey's Calik Energy [Calik Enerji], it will be Iraq's fourth-largest power station; the company's other plant at al-Khairat in Karbala is the […]
Advertising Feature Frontier Travel Insurance is the first online insurance travel facility that is specifically aimed at the high risk and frontier markets. It provides all the essential cover that travellers will require when visiting challenging locations throughout the world. This cover is now just a few clicks away. Joining our affiliate programme is a […]
By John Lee. Ukraine's Minister of Economic Development and Trade, Ihor Prasolov (pictured), has told his Iraqi counterpart Khairallah Hassan Babeker [Khayri-allah Babakir, Dr Khairallah Hassan Babiker] that Ukraine is interested in increasing exports of metallurgical products to Iraq. At their meeting they also discussed the further engagement of Ukrainian machine-building companies in Iraqi projects, […]
By John Lee. Daewoo Engineering and Construction has won a $709-million contract to upgrade the Akkas gas field in Anbar province, near the Syrian border, the Iraqi cabinet secretary announced. The South Korean company will provide engineering, procurement, construction and commissioning of a central processing facility in the field. Construction of the new facility is […]
By John Lee. Reuters reports that the China Petroleum Engineering & Construction Corporation (CPECC), the engineering and construction subsidiary of the China National Petroleum Corporation (CNPC), has won a $548-million service contract to develop the Halfaya oilfield. The company will handle engineering, procurement, construction and commissioning work at the oilfield, which is forecast to produce […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi-Saudi relations is the most complex issue that Iraq has to deal with. But, at the same time, it is the closest to being resolved if the political entities of both […]
