Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
A survey of more than 300 senior executives by the Economist Intelligence Unit (EIU) found that foreign investors are still put off by violence in Iraq, but most companies believe the security situation will improve, despite the withdrawal of international troops. The EIU surveyed 367 senior executives from 52 countries about their perceptions of investment […]
The Basra Sheraton hotel, which has been undergoing renovation for the past six months, will be opened in the middle of September. “The refurbishment project has been executed by a local firm at a total cost of $55 million [66 billion Iraqi dinars],” a local media source told Aswat al-Iraq news agency. He noted that […]
The technical assistant of head of Dhi Qar provincial council, Abdul Hussein Hajar, revealed that the Defense Ministry approved the allocation of part of Al Imam Ali air base to build a civil airport, subject to the approval of the Transport Ministry. The airport construction requires further legal and technical investigations in order to be […]
A group of Italian firms will provide advisory services to the project of the al-Faw Big Port [Grand Faw] in Basra province, southern Iraq, according to a contract with the Iraqi Transportation Ministry. The ministry reported the event in a statement on Sunday as received by Aswat al-Iraq news agency, explaining that the project will […]
We launch our new Jobs in Iraq page today on the IBN web site in response to reader demand. This is a free reciprocal service for Recruitment Agencies and Employers with jobs on offer in Iraq. For readers it provides a welcome source of employment options in a country crying out for skilled labour and […]
It has been a busy week politically in Iraq, with both good and bad news emerging from the country: The last American combat brigade left the country on Thursday morning, seven years after the US-led invasion; 6,000 support troops will remain until the end of the month, and a further 50,000 will stay until the […]
Energy companies from the UAE are interested in investing as Iraq’s oil and natural-gas industries, a government official said. “There are indications that the UAE will have a place in the petroleum and energy sector,” Abdullah Ibrahim Al Shehi, the country’s ambassador to Iraq, said on Monday at a gathering of diplomatic officials in Abu […]
An official from Basra Provincial Council (BPC) said on Tuesday that the council allocated 400 billion Iraqi Dinars (IDs) -- around $350 million-- from oil and customs’ revenues to provide public services in the province, the head of the monitoring and planning committee of the BPC told AKnews. Walid Gitan said the Iraqi Finance Ministry […]
An Iranian delegation has made an offer to the Baghdad Investment Commission to build 100,000 residential units in the Iraqi capital. “The delegation informed the commission that the units will be designed to modern standards, and will be funded through investment,” the commission said in a statement received by Aswat al-Iraq news agency. It noted […]
The Ministry of Education has built 125 schools in the past six months, according to a report from Azzaman. Sahar Abdulamir, the ministry’s information officer, said 87 schools have been refurbished and repaired over the same period. “We have also added new annexes and extensions to 52 more schools,” she added. Abdulamir said the ministry […]
A number of UAE companies wanting to launch investment projects in Basra province has increased in recent weeks, said a spokesman for Basra's governor on Sunday. "Basra province received more than four UAE companies within a month," Salem Al-Taqi, told AKnews. [We assume that "more than four" means "five" - Ed.] "Basra's governor, Sheltag Aboud, […]
A total of 19 new projects will be built at the al-Shieb border crossing as part of Missan Investment Commission's (MIC) plan to encourage investment and tourism in the province, the director of the MIC said on Tuesday. “The projects site covers 100 donums [25 hectares], and will include hotels, restaurants, garages and banks as […]
