Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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)
By Michael Mason, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Water Governance in Basra In summer 2018 protests erupted in Basra amidst a water contamination crisis, with over 100,000 admitted to hospital by […]
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 […]
