Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Mashareea Al-Taqa Company for Contracting and General Trading has won a contract with the United Nations Secretariat for the "construction of 11 core housing units in Baaj district, (Tel Uzair complex), Ninewa Governorate." The contract is valued at $188,710.20. (Source: UNGM)
By John Lee. Bab Al Karama for General Contracting Ltd. has won a contract with the United Nations Secretariat for the "provision of renovation and extension of Al Lateef primary school in Al Bohishma, Yathrib sub-district, Balad district, Salah al Din Governorate." The contract is valued at $49,087. (Source: UNGM)
Belgium renews commitment to stabilization with new €1.4 million contribution The Government of Belgium has contributed an additional €1.4 million (US$ 1.6 million) to the Funding Facility for Stabilization (FFS). The critical funding will support stabilization efforts implemented by the United Nations Development Programme (UNDP) across Iraq's five governorates in Anbar, Diyala, Kirkuk, Ninewa and […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq struggles to overcome housing crisis According to Abdul-Zahra Al-Hindawi, a spokesperson for the Ministry of Planning, the country needs 2.5M additional housing units. The full report can be viewed here (registration required).
By John Lee. Japan's JGC Corporation has said it expects its Iraqi oil refinery project to significantly increase its sales for the fiscal year starting 1st April 2022. Prime Minister Mustafa Al-Kadhimi laid the foundation stone for the new $4-billion Fluid Catalytic Cracking (FCC) complex at Basra Refinery in April 2021. The project will increase […]
By John Lee. Ain Al-Sayad Company for General Contracts Ltd has won a contract with the United Nations Office for Project Services (UNOPS) for the "Supply and Installation of Electric Signals Measuring Instruments for the Signals School in Iraq." The contract is valued at $965,350. (Source: UNGM)
By Rina Bassist for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. UNESCO makes progress in reconstruction of Mosul monuments Paris-based UNESCO Chief Audrey Azoulay will travel to Mosul in March, to officially launch the second phase of the reconstruction of […]
Moslawis celebrate the reopening of Mosul University's Central Library and Ninewa Federal Court of Appeal The newly-rehabilitated Central Library at Iraq's second-largest university, Mosul University, was officially reopened today by the United Nations Development Programme (UNDP), the Federal Republic of Germany and the Ninewa Governorate. Mosul University's Central Library, once a center of knowledge and […]
By John Lee. Mobile phone service Asiacell has reported a healthy increase in its customer base and local-currency revenue. In its results for FY 2021, parent company Ooredoo said: "Asiacell reported revenue of QAR 3.7 billion during 2021, a decrease of 9% mainly due to the devaluation of the Iraqi Dinar by 18%. In local […]
By John Lee. Qimmat Al Nidhal Company for Contracting, General Trading, Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the "renovation of the Sumerian Gallery at the Iraq Museum in Baghdad." The contract is valued at $541,210. (Source: UNGM)
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has received approval from Iraq's Council of Ministers to hire an international law and an international auditing firm to investigate previous contracts at the Bismaya Residential City. According to a statement from the NIC, the firms will "propose a financial model, […]
By Muhammad Jawad Adib for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Will Iran's electricity cut turn Iraq toward Gulf? Iraq is facing reduced electricity and gas supplies from Iran, which might lead Iraq toward an electricity connection with the […]
