Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The European Union allocates EUR 1.1 million to address urgent water crisis in Basra, Iraq In response to the escalating water crisis in Basra, southern Iraq, the European Union is allocating EUR 1.1 million in humanitarian funding. The emergency support will address urgent water, sanitation, and hygiene (WASH) needs over the next six months, targeting […]
By John Lee. The International Organization for Migration (IOM) has published a study that aims to identify the main drivers of outmigration from Iraq, explore the relationships between different drivers and highlight the specific impacts of climate change and environmental degradation within these broader mobility patterns. The main drivers of migration for emigrants and potential emigrants […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Wednesday launched the construction of Al-Kriat [Al-Kari'a] Bridge over the Tigris River as part of the Baghdad reconstruction campaign, specifically targeting the revitalisation of the holy city of Kadhimiya. The work will be carried out by Turkish company HSY Yapi Insaat and Lebanon's Khatib & Alami. […]
By John Lee. As part of its external relations and financial coordination strategy, Iraq's Cabinet has authorised the Minister of Finance, or a delegated representative, to negotiate and sign draft agreements aimed at avoiding double taxation and preventing tax evasion with China, Qatar, and the Czech Republic. The Ministry of Foreign Affairs will prepare the […]
By John Lee. The National Investment Commission (NIC) has reportedly announced that applications for housing units in the Bismayah Residential Project will reopen only after the resumption of work by South Korea's Hanwha Engineering & Construction, the company contracted to complete an additional 70,000 housing units under a new phase of the project. NIC spokesperson […]
By John Lee. The Ministerial Council for the Economy has approved a proposal by the Ministry of Trade to establish a "Global Gold City" in Baghdad - a strategic initiative aimed at localising the gold and jewellery industry in Iraq and strengthening domestic production. Trade Minister Dr. Athir Daoud Al-Ghurairi described the project as a […]
By John Lee. The Prime Minister's Office has laid the foundation stone for Iraq's largest seawater desalination project, located near the Grand Faw Port in Basra, with a total capacity of 1 million cubic metres per day. Speaking at the launch, Prime Minister Mohammed Shia Al-Sudani described the project as a long-term and fundamental solution […]
By John Lee. The Ministry of Oil has laid the foundation stone for the new Al-Ibdaa "Creativity School" in the Al-Burjesia area of Basra province. The initiative is part of the Ministry's social benefits programme aimed at supporting the education sector, in cooperation with Eni and the Zubair oil field. Minister of Oil Hayan Abdul […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for a major upgrade at the Dora [Doura] Thermal Power Plant in Baghdad, including the rehabilitation of two existing thermal units (2 x 160 MW) and the installation of two new units (2 x 160 MW), adding a total of 640 MW […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi electoral process in question as second Shiite bloc withdraws from polls Amid mounting fears over the future of democracy in Iraq, the Nasr (Victory) bloc led by former premier Haidar Al-Abadi (2014-18) […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani conducted a field visit on Wednesday to inspect the ongoing redevelopment of the historic riverfront in the old city of Mosul. Highlighting the symbolic and cultural importance of the area, which includes numerous religious and archaeological landmarks, the Prime Minister affirmed that the reconstruction is being carried […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has underscored the importance of ensuring that new residential cities meet the needs of citizens, during a site visit to the under-construction Al-Jawahiri City (pictured), west of Baghdad. The Prime Minister inspected the project, launched in December 2023, as part of his government's housing initiative. He […]
