Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Nineveh Criminal Court has sentenced the former director of Real Estate Registration and his assistants to ten years in prison for fraud relating to property belonging to Mosul Municipality Department. The court issued a sentence of temporary imprisonment for ten years in accordance with article (289) of Penal Code No.(111) of 1969 […]
By John Lee. Two more companies have won contracts with the United Nations in Iraq: SAGMAN Company for Construction and Contracting Ltd: Construction of low-cost housing units in Dkory, Sinjar, Ninewa Governorate; Contract value $311,168; Sar Albraa for General Contract and Trade Ltd.: Renovation and Extension of the Existing Internal Road at UNAMI Field Support […]
Shares in Genel Energy were trading down 3.5 percent on Thursday morning following the company's trading and operations update in respect of the third quarter and first nine months of 2021. The company said it now expects production in the year to be slightly below the 2020 average of 31,980 bopd. Bill Higgs, Chief Executive […]
By John Lee. Abeer Alshimal Company For General Contracting Ltd., which has offices in Erbil, Dohuk and Mosul, has won a contract with the United Nations Secretariat for the construction of low cost housing units in Dkory, Sinjar, in Ninewa Governorate. The contract is valued at $505,732.60. (Source: UNGM)
By John Lee. China's CITIC Construction has won the bid for the first and second phases of AI Khairat heavy oil power plant in Iraq. Yang Jianqiang, Deputy President of CITIC Construction, held talks with Mazin Wajih, Chairman of Harlow International, in Dubai representative office, and received the letter of acceptance issued by Mazin Wajih. […]
By John Lee. The Iraqi cabinet has authorizing the Tourism Authority to issue a direct invitation to at least three "robust and specialized" companies for the purpose of investing in two hotel real-estate projects: Najaf Hotel, in Al-Ghadeer District 2/395; Babylon Tourist Hotel in Hilla. (Source: Office of the Prime Minister)
IBBC's Autumn conference is back with a bang and open for business engagement. On 22nd November this year the overarching conference topic is looking to the future with 'sustainability'- whether in terms of energy and renewables, the Iraqi economy and its diversification, or sustaining finance, logistics and training. Underpinning much of this is the application […]
Housing, Land and Property Rights in Iraq - An Assessment of Progress Towards Durable Solutions in Line with the Pinheiro Principles Since the 1960s, housing, land and property (HLP) challenges faced by the people of Iraq have varied throughout different waves of conflict and displacements. These problems worsened during the period of conflict with the […]
By John Lee. The Iraqi cabinet has selected a site in Bismaya to build the new Sports City, which was gifted by King Salman bin Abdulaziz Al Saud in 2019. Iraq's Ministry of Youth and Sports will supervise the Sports City project in coordination with the Saudi side through the Iraqi-Saudi Coordination Council, which was […]
Writing about the new Iraqi National Oil Company (INOC) in Oil Price, Simon Watkins argues that the greater the concentration of power over oil and money in one place, the more monumental the scale of corruption becomes. Click here to read the full story.
By John Lee. Iraq has approved a reconstruction programme in Dhi Qar governorate valued 1.3 trillion Iraqi dinars ($890 million). Prime Minister Mustafa Al-Kadhimi said that electricity supply would be given priority, adding that 20 cities in the province will also be expanded. Included in the more than 100 projects is the Al-Islah-Jbayish water project, […]
By John Lee. The Iraqi Cabinet has approval a doubling in the capital of the Iraqi Housing Fund. The capital will increase from 1 trillion to 2 trillion Iraqi dinars ($1.4 billion), with the additional funds to be paid by the Ministry of Finance. (Source: Office of the Prime Minister)
