Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The Kurdistan Regional Government’s Head of Foreign Relations Minister Falah Mustafa Bakir yesterday met with the Head of the European Union’s Rule of Law Mission for Iraq and they inaugurated the mission's permanent office in Erbil. At a press conference after their meeting Minister Bakir and Mr Francisco Diaz Alcantud provided information about the European […]
According to a report from Reuters, the Saudi-based Dao al-Jomaih Group tendered the low bid of $204.4 million to install four gas turbines in Iraq's southern Basra province. Salam Qazaz, Iraq's deputy electricity minister, said on Tuesday that the units will have a total generating capacity of 500 megawatts (MW) and will be installed at […]
A high-profile Spanish delegation headed by the Spanish Economic Minister is expected to visit Kurdistan next week to boost relations with the region. The Spanish delegation will be the first such high level visit to Kurdistan Region, according to AKnews. During the several-day visit to Kurdistan, the Spanish delegation is also expected to participate in […]
The Norwegian ambassador to Iraq said his country intends to open a representative office in Kurdistan soon. The official added his country intends to set vocational training for Iraqis. The step is one of the plans to boost the economic, political and cultural ties with Iraq and the Kurdistan Region, Peter Olberg told AKnews Sunday. […]
DNO, the Norwegian oil company with operations in Iraqi Kurdistan, has announcee that the bond offering it announced on 9th March has been completed on 30th March, 2011. The bond issue was split between a USD tranche of approx. USD 140 million and a NOK tranche of approx. NOK 560 million, for a combined amount […]
Iraq’s Mortgage Bank has decided to raise the personal credit, granted for any citizen planning to build a house, to 60 million Iraqi dinars [$53,000], the Bank’s Director-General, Hussein Ahmed Tu’ma, said on Wednesday. He said that the minimum total area of each patch of land would be decreased to 90 square meters from 100 […]
As the international community moves forward with several rule of law initiatives in Iraq, the Rule of Law International Policy Committee (RIPC) held a meeting today at UNAMI Headquarters in Baghdad with the participation of representatives of 14 countries, the United Nations, the World Bank and EUJUST LEX Iraq, the European Union Integrated Rule of […]
Britain's Energy Industries Council (EIC) is organising an oil and gas trade mission to Baghdad and Basra in Iraq in October. Missioners will have the opportunity to attend organised group meetings with key local players, as well as incorporating briefing meetings presented by qualified speakers with in-market experience and the opportunity to meet with local […]
Visa problems for foreign workers in Iraq continue to make the headlines. Last week we reported on the difficulties caused by a decision to channel visa applications through the office of the Prime Minister, Nouri al-Maliki; now we hear that the Basra Investment Commission has imposed its own restrictions, with the intention of reducing unemployment. […]
The head of the Basra Investment Commission said on Wednesday that it has placed strict controls on the entry of foreign workers to the province. Haidar Ali Fadel told AKnews that the commission is restricting the numbers of foreign workers in the province in order to prioritize local manpower, and that formal approval has not […]
Iraq Business News recently had the pleasure of interviewing the Kurdistan Regional Government's High Representative to the United Kingdom, Ms Bayan Sami Abdul Rahman. Iraq Business News: Ms Abdul Rahman, thank you for taking the time to speak with us today. May I ask you firstly for your opinion about the ongoing protests in the […]
By Leanne Case. Years of war and suffering in Iraq have left a legacy of destruction which includes ancient monuments and broken cities. During my time there I pestered those that I knew to share both their stories and images of what once was. One doesn’t have to go far to discover a land of […]
