The latest news from Baghdad – security updates, business, construction projects and more – brought to you by Iraq Business News
By John Lee. A couple of fashion stories went largely undetected this week as Baghdad held no less than 2 fashion events showcasing homegrown designer talent. The first was held at the Palestine Hotel and was a cat walk show featuring pret a porter dresses from Iraqi designer Mona Sultan. For those unacquainted with fashion terminology (like this […]
By John Lee. Baghdad governor Ali al-Tamimi has announced the completion of a plan for 1500 new housing units in the Baghdad governorate. The moves comes as the Iraqi government recently announced it would be falling short of its target of 2.5 million new housing units to meet demand. Housing and Construction minister Mohammed al-Darraji […]
By John Lee. China's Dongfang Electric Corp. has completed the first of 10 high speed, desert modified diesel trains at a ceremony attended by Iraq's ambassador to China, Railway Gazette reports. The trains were ordered in 2012, a year after Iraq announced plans for a Basra to Baghdad high speed rail route, an initiative that does not […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Open Sewers, Unpaved Roads: Baghdad Boasts 700 Unfinished Reconstruction Projects Local authorities admit there are hundreds of unfinished construction projects in Baghdad. And nobody knows who to blame. The contractors say […]
By John Lee. Following remarks by Deputy Prime Minister for Energy Hussein al-Shahristani (pictured) that Kurdish Regional Government oil exports will go through the State Oil Marketing Company (SOMO) officials from the KRG have moved to clarify that this is not in fact the case. KRG spokesman Safeen Dizayee remarked to reporters that while discussions […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Conflict between Baghdad and Iraqi Kurdistan over oil exports has resulted in something of a financial crisis in the northern region. State employees haven’t been paid, MPs are threatening to resign […]
By John Lee. Standard Chartered has announced the appointment of Ahmed Muallah as Managing Director and Head of its Wholesale Banking business in Iraq. Commenting on the appointment, Gavin Wishart, Chief Executive Officer, Standard Chartered Iraq said: “This appointment comes as another testament to our long term commitment to Iraq. Standard Chartered is bringing its best international financial business […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A Necessary Evil: Baghdad’s Security Checkpoints Bringing City to Halt With an increasing number of checkpoints in Baghdad making an already stilted traffic flow even worse, it feels as […]
Under the patronage and presence of Nouri Al Maliki, Prime Minister of Iraq, Bloom Properties, the property development and real estate arm of National Holding, has signed a contract with the Iraqi National Investment Commission for the development of 50% of the "City of the Future - Madinat Al Mustaqbal" in Baghdad. The approximately 2.5 […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Arab Jibor, a neighborhood south of Baghdad that is home to a variety of different sects, is part of an area that encompasses the Iraqi capital known as "hizam Baghdad," Arabic for the "Baghdad […]
According to police, at least 11 people were killed and 28 more wounded in the latest violent wave of attacks in Iraq on Monday. Xinhua News, quoting an anonymous police source, said that three people were killed and 20 others injured when a car bomb exploded in a market in the Tall Afar area west […]
By Ali Abdel Sadah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Nouri al-Maliki has admitted to a “defect and stupidity” in the contracts signed by Iraqi officials with international companies to improve his country's power distribution. On July 23, in a Baghdad meeting with […]
