Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Japan is ready to boost cooperation and projects in Iraq’s energy sector including rebuilding Iraqi nuclear reactor(s), Hussain Shahristani, Iraqi deputy prime minister for energy,has told reporters. Shahristani reportedly said after his meeting with the Japanese Economy, Trade and Industry Minister, Akihiro Ohata, in Baghdad, "we discussed the issue of reconstruction of the nuclear reactor(s) […]
The manager of Najaf refinery has announced that the refinery’s contribution to the province’s economy exceeded 6bn Iraqi Dinars (IQD) in 2010. Laith al-Gharrawi [Laith al-Azzawi] told AKnews that the refinery refined 5.5m barrels of oil in 2010, bringing in a revenue for the province of 6.47 billion IQD ($5.5m), according to the law ratified […]
Iraq's Ministry of Trade has issued a tender for the paving of roads in the vacinity of Samawah silo. Deadline for receipt of bids is 17th January. Please click here to download details (Arabic).
The head of the Arab Gulf Studies Center in Basra University said on Monday that the center will hold a seminar to discuss the economic feasibility of the planned Faw port to be built in the Ras al-Bayshah area of Basra province. The center's director, Jassim Ghali Roumi, told AKnews that the seminar commissioned by […]
A local company has embarked on a $21 million [25 billion Iraqi dinar] tunnel project in eastern Erbil city, said city's Governor, Nawzad Hadi, said on Saturday. “The 77 Group for General Contracting started works to build an underpass at the Rizkari hospital intersection in the direction of the Kuwaysanjaq district road in eastern Arbil. […]
A 22-strong delegation representing 17 Northern Irish companies arrived in Erbil on Sunday on the first Invest Northern Ireland organised trade mission to Kurdistan. The companies, drawn from a broad range of local industries, will be meeting potential customers and community leaders in Kurdistan’s key business centre of Erbil during the week-long mission. The trade […]
By Ranj Alaaldin, a Middle East political and security risk analyst based at the London School of Economics and Political Science. He visits the Middle East regularly and as part of his recent work on Iraq has visited the country on a number of fact-finding missions. Foreign Policy magazine recently listed him among its 100 […]
The deputy Iraqi defense minister said Iraq will purchase $13bn (15 trillion Iraqi dinars) of arms from the US between now and 2013. Speaking to AKnews on Friday, Mohammed Askari said the armaments include warplanes, tanks, armored vehicles, helicopters, naval ships and ammunition. The official said the contract is currently underway, with some deliveries already […]
Bloomberg reports that Iraq has awarded gasoline and gasoil supply contracts for the first half of the year. Traders Trafigura Beheer BV, Glencore International AG, and International Petroleum Group of Kuwait won contracts to supply gasoline through June, three of the people said, asking not to be identified since the discussions are confidential. Iraq will […]
Iraq's Minister for Reconstruction and Housing, Mohammed Daraji, said a new large hospital will be constructed in Maysan [Missan] province. Daraji told AKnews that the 260-bed project has been allocated 35 billion Iraqi dinars (IDQ) [$30m] from the ministry's budget. The three-floor maternity and emergency hospital will be constructed during 2011 over an area of […]
A delegation of Chinese companies specializing in cement production visited the Council of Anbar province on Tuesday to discuss investment projects in the region. The head of Anbar provincial council, Jassim al-Halbousi, told AKnews that the discussions focused on ways of increasing productivity at Anbar’s Qaem cement plant. “We hope it will be as significant […]
Royal Dutch Shell may build its own dock in Iraq's Shatt al-Arab waterway to speed up delivery of heavy equipment to its supergiant Majnoon oilfield, according to a report from Reuters. The head of the General Company of Iraqi Ports, Salah Kudhair, told the agency that it had given initial approval to a proposal from […]
