Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Baghdad Investment Commission has issued 87 investment licenses worth a total of 3.5 billion dollars during the last thirteen months, and it claims these will provide about 350,000 jobs. The Commission's Chairman, Mr. Shaker Al- Zamily, said the licences included 13 in the construction sector (consisting of 17 projects for the construction of 120,000 housing […]
The head of the Journalistic Freedoms Observatory (JFO) in Iraq has condemned the violence that federal security forces inflicted upon a number of journalists covering the public demonstrations across the country on Friday, according to a report from AKnews. Hadi Jallo Merei told the news agency that a large number of journalists were physically attacked […]
Kurdistan's Ministry of Municipality and Tourism sealed a contract on Monday for the construction of a drinking water supply project for Amedi, in Dohuk province. According to a report from AKnews, the ministry said the minister, Samir Abdullah Mustafa, singed the $90m contract with Ster Group and Homan Ederson. With the project getting underway, the […]
The Chairman of Nineveh Council said this week that a preliminary agreement has been signed with a British company to plan the reconstruction of areas badly damaged by bombing in the Iraqi war. Jaber Abed Rabbo told AKnews that the deal will ensure that the reconstruction of the province conforms to the latest standards of […]
Al Jazeera reports that at least 12 protesters were shot dead by security forces during Friday's 'day of rage', during which at least 17 demonstrations were held throughout Iraq. Iraqi security forces detained hundreds of people, including prominent journalists, artists and intellectuals, according to a report from the Washington Post. Four journalists described being rounded […]
The long-awaited signing of the deal to develop Iraq's Akkas gas field in Anbar province has been delayed again. An Iraqi Oil Ministry spokesman said it was delayed because of disagreements about what the local government gets from the deal, according to Associated Press reports. An initial agreement to develop the 5.6 trillion cubic foot […]
The United Nations has prepared a comprehensive Briefing Book on Iraq, and presented it to Prime Minister Nouri al-Maliki. The book is comprised of two parts: The first part addresses key policy issues, including: macroeconomic challenges, development planning and prioritization, governance and public sector reform, anti-corruption, private sector development, social protection and the challenges of […]
Two former directors and a sales manager of engineering firm Mabey & Johnson Ltd have been sentenced today for providing kickbacks to the Iraqi government of Saddam Hussein. Charles Forsyth, David Mabey and Richard Gledhill inflated the contract price for the supply of steel bridges and disguised illegal payments that were channelled through Jordanian banks. […]
A unique event is about to unfold in Iraq, where for the first time ever a cinema multiplex will open in the recently constructed Family Mall in Erbil, the region’s newest shopping and leisure destination. “This is a one of a kind project,” says Gino Haddad, CFO and Business Development Director for Empire Cinemas. The […]
The Iranian Deputy Energy Minister Mohammad Behzad (pictured) has said the Iranian-built Al Sadr power-plant in Iraq is an important project which is now ready to come on stream. IRINN quoted the minister as saying that the first unit of this 324 MW plant has been completed and is waiting for its fuel supply, and […]
The Financial Times reports that Iraq is an increasingly popular destination for British construction firms, with the International Monetary Fund (IMF) forecasting a rise in GDP of 6.75 per cent during 2011. A project manager at one construction company bidding for work in Baghdad, says: “For the very bravehearted among us there is a huge […]
An al-Iraqiya deputy said on Wednesday that MPs from Karbala proposed two infrastructure projects worth a total of $86 million [100 billion Iraqi dinars] during the 33rd parliamentary session. Abdul Mahdi al-Khafaji told AKnews that the deputies proposed the reconstruction of two roads and the entrances to the holy city of Karbala which receives millions […]
