Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th March 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,652 / $1,786 (-1.4%) (weekly change). The number of week traded shares was 19.4bn and the weekly trading […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Weekly Security Update 20 - 26 March 2013
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW After the elevated levels of violence last week, especially high impact bombings, Iraq has this last week seen a hiatus in insurgent attacks and activity. Whilst the daily churn of violence remains omnipresent and suggest a continued strengthening of the Sunni insurgency, the country has been spared […]
French Firm to Open new Dry Port in Baghdad
After over thirty three years of continuous presence in Iraq, the CMA CGM Group is pleased to announce the opening of its new bonded Dry Port* near Baghdad, in the Abu Ghreib [Abu Ghraib] area, in Iraq, in June 2013. Exclusively managed and operated by CMA CGM, the Dry Port will be the only one […]
New Iraqi Budget Deepens Housing Crisis
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The strenuous efforts exerted to handle the housing crisis were quickly rendered useless when the ratified 2013 general budget did away with the allocations for the housing fund, which was to […]
Hotel Chain has Big Plans for Iraq
By John Lee. Abu Dhabi's Cristal Group, which plans to open its first Baghdad hotel, the Cristal Grand Ishtar, at the start of May, says it wants to expand beyond Baghdad to Erbil, Karbala, Basra and Suleimanya in the next two years. Referring to Baghdad and most of the country outside the Kurdistan region, Peter […]
Baghdad's Palestine Hotel gets Makeover
By John Lee. Baghdad's Palestine Hotel, famous for housing foreign journalists during the US-led invasion of Iraq, has since undergone a makeover. Hotel manager Fadhel Salman Hassan told AFP: "We are a five-star establishment ... We have 405 rooms, three bars [and] by order of the minister of electricity, the power never cuts." The hotel […]
NIC holds Iraqi-Singapore Investment Forum
By John Lee. Iraq's National Investment Commission (NIC) recently held the Iraqi-Singapore Business and Investment Forum in Baghdad, in order to brief the Singapore delegation on investment opportunities in Iraq, as well as to promote economic and commercial exchange between the two countries. Deputy Prime Minister for Economic Reform, Dr. Rowsch Shaways, confirmed in his opening […]
Contractors Get $138bn from Iraq War
By John Lee. Research by the Financial Times shows that the top 10 American and foreign contractors in Iraq have secured business worth at least $72 billion between them, with the total for all contractors coming in at $138 billion. Top of the list is KBR (formerly Kellogg Brown and Root), which was once run […]
Tags: 'Your Country' - United States, Agility, KBR, Kuwait, Kuwait Petroleum Corporation, SIGIR, Special Inspector General for Iraq Reconstruction
Investment Opportunity in Nassiriya
By John Lee. Iraq's Ministry of Construction and Housing has announced an investment opportunity in the governorate of Nasiriyah to build a residential complex for Ministry staff and state employees. The project is located on a 250,000 m2 site on the island of Kushmarah, on the highway in the northern part of Nasiriyah city, adjacent […]
Goods Without Cert of Origin Prevented Entering Iraq
By John Lee. Authorities at Traibeel [Tirbil, Tarbiel] border crossing (pictured) between Iraq and Jordan have said that trucks carrying goods without an official certificate of origin certified by the Iraqi Embassy will not be allowed to enter Iraq. Yaseen al-Falahi, Director of the border post, told NINA that the measures are to prevent sub-standard […]
Tags: borders, Jordan, Pre-Importation Inspection Testing and certification of Goods into Iraq (ICIGI), Tarbiel, Tirbil, Traibeel
Iraq to Spend $130bn on Energy Infrastructure
By John Lee. Iraq plans to spend $130 billion on the country’s upstream sector over the next five years, according to a report from Bloomberg. Speaking at a conference in Basra, Oil Minister Abdel-Kareem al-Luaibi [Elaibi] (pictured) said the expenditure will be necessary to help raise production capacity to 9 million barrels a day (bpd). […]
Tags: Infrastructure
Video: Kurdistan Among the Success Stories
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. As the world discusses the legacy of the Iraq war on the 10 year anniversary of the US-led invasion, one group that appears to have clearly benefited from the conflict is Iraq's […]
Tags: Kurdistan News, video