Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Five years since the liberation from ISIL, UNDP continues to work with the Government of Iraq to stabilize and rebuild critical infrastructure and services lost during the conflict. Implemented through the Funding Facility for Stabilization (FFS), over 95 percent of the work is contracted through the local private sector, which reduces costs, bolsters local economies […]
By John Lee. Finland's Nokia today announced that Asiacell Telecom has chosen Nokia to build its next-generation microwave network in Iraq. In the five-year deal, Nokia's Wavence microwave packet radio will help Asiacell address demand for more capacity and provide fiber-like connectivity everywhere, including remote and difficult-to-reach areas In a press release, Nokia said that […]
By Sarah Dhafir, for The Station. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. For three years now, The Station has been working in the field of training, providing multiple specialties for Iraqi youth and Startups. After 3 years of building up, The Station […]
Ground Breaking Ceremony of physical infrastructure of Beautiful Missan Funded by the European Union (EU), in partnership with the United Nations Development Programme (UNDP), 'Beautiful Missan' will improve local service provision, working together with communities and local authorities. Today a ceremony that marks the beginning of a new construction site took place under the auspices […]
By John Lee. Australian citizen Robert Pether and his Egyptian colleague Khalid Radwan, who have been detained in Iraq since early April, have reportedly been found guilty of fraud, and sentenced to five years in prison. The pair are also reported to have been jointly fined $12 million. Their detention followed a contract dispute relating […]
By John Lee. Iraqi Minister of Industry and Minerals, Manhal Aziz Mahmoud Al-Khabbaz, has announced the official start of construction of a new cement plant in Badoush, in Nineveh Governorate. The $220-million project is being carried out by the General Company of Iraqi Cement and a Spanish company, which the Ministry did not name. The […]
By John Lee. Erbil-based Aswar Al-Hadhaba General Trading, Contracting and Transportation Ltd has won a contract with the United Nations Secretariat for the post-conflict reconstruction of 21 low cost core housing units In Yathrib Sub-District, Balad district, Salah Al Din Governorate, Iraq The contract is valued at $428,835. (Source: UNGM)
By John Lee. The Chairwoman of Iraq's National Investment Commission (NIC), Suha Daoud Najjar (pictured), has said that the new Rafael [Rafeel] City project in Baghdad will change the direction of investment and reconstruction in Iraq, describing it as "an urban revolution by all modern standards of construction and designs." She added that the vast […]
The Council of Ministers (cabinet) has held its regular session during a visit to the city of Mosul, headed by Prime Minister Mr. Mustafa Al-Kadhimi. Several decisions were voted on, including: The Nineveh Governorate frozen assets will be released into projects for the benefit of the departments, provided that these projects are identified, in coordination […]
The Kurdistan Regional Government (KRG) has announced that it will be allocating 2.5 billion dinars in funds to combat droughts across the region and 1.5 billion dinars in emergency funds to address urgent water shortages in the Erbil province. As the first phase of its water security strategy, the government will be distributing funds to […]
By John Lee. A Kurdistan-based manufacturer of potato chips (crisps) has reportedly opened a new state-of-the-art potato storage facility. According to PotatoPro, Beirut Erbil for Potato Products (BEPPCO) installed ten cold storage rooms on an area of 5,332 square meters, with a storage capacity about 10,000 tons. The company sells under the brands Mr. Krisper […]
By John Lee. The US State Department has reportedly granted a new sanctions waiver allowing Iraq to continue importing electricity from Iran for another 120 days. More here. (Source: S&P Global)
