Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The United States is pleased to announce nearly $155 million in additional humanitarian assistance for the people of Iraq as well as Iraqi refugees in the region and generous communities hosting them. With this additional funding from the State Department and the U.S. Agency for International Development (USAID), U.S. humanitarian support for Iraq amounts to […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Chinese oil companies fill void in Iraq As major Western oil companies reconsider their positions in Iraq, China is seizing the opportunities offered by their departure. Click here to […]
By John Lee. Baghdad-based Nasrin Alyaman Company has won a contract with the United Nations Secretariat for the rehabilitation of Al Maliha water treatment plants (500 m3/hr), in Al Asry neighbourhood, Baiji district, Salah al Din. The contract is valued at $148,840. (Source: UNGM)
By John Lee. The Iraqi Government has reportedly allocated a budget of $162 million for road improvement in Baghdad. According to World Highways, the works will include maintaining and widening existing roads, and building three new bridges. The client will be the Baghdad Municipality, and the tender process is due to open shortly. (Source: World […]
By John Lee. A newly incorporated company called Privy Innovations (PI) is to be the sole representative of UK-based electrical wholesaler Edmundson Export in the Iraqi market (including Iraqi Kurdistan). The new business is headed by Aziz Shwan Ahmed, previously Chief of Staff to Iraq's Deputy Prime Minister, and currently a member of the Advisory […]
By John Lee. Reuters reports that China's state-owned China National Chemical Engineering Company (CNCEC) is to build a 300,000-bpd oil refinery at the Iraqi port of Fao. (Sources: Reuters, Mehr)
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq plans new city next to capital In order to find solutions to the chaos in Baghdad due to overpopulation, the Iraqi government plans to launch a new city […]
By John Lee. The Iraqi Council of Ministers held its regular session on Tuesday, chaired by Prime Minister Mustafa Al-Kadhimi. Regarding the housing crisis, the Prime Minister clarified that the government plans to distribute 550,000 plots of residential land to citizens in a first phase of allocation. He added: "Every Iraqi family has the right […]
By John Lee. Australian citizen Robert Pether and his Egyptian colleague Khalid Radwan are reportedly still being held without charge in Iraq, following a contract dispute relating to the construction of the new Central Bank of Iraq (CBI) head office in Baghdad. The pair were detained in early April, having allegedly been tricked into traveling […]
By John Lee. The European Bank for Reconstruction and Development (EBRD) has confirmed its intention to expand its operations into Iraq. It concluded its 30th Annual Meeting this week with decisions on the Bank's future work on the green transition and towards expanding its activities. The Bank's shareholders "gave us a green light on the […]
Writing in Oil Price, Simon Watkins says Iraq is playing the United States and China off against each other in the awarding of contracts for infrastructural development and oil sales. Click here to read the full story.
Italy renews its commitment to Iraq's stabilization with a new US$2.4 million contribution The Ministry of Foreign Affairs and International Cooperation of Italy, represented by the Italian Agency for Development Cooperation (AICS), is supporting the United Nations Development Programme (UNDP) with an additional EUR 2 million (US$2.4 million) to assist communities affected by the Islamic […]
