The latest news from Baghdad – security updates, business, construction projects and more – brought to you by Iraq Business News
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 […]
By John Lee. American Science and Engineering, Inc. (AS&E) has announced a $3.5-million order for its cargo inspection systems from Restrata, an Olive Group company, of a major housing project in Baghdad. Restrata is acting as the security partner for the giant Bismaya development, 10 kilometers south of Baghdad. AS&E's cargo X-ray inspection systems will […]
By John Lee. The Baghdad Investment Commission (BIC) has inaugurated a new $35-million shopping mall in the Mansoor [Mansur] district. The mall, the largest of its kind in Iraq, has four floors housing some of the world’s most famous commercial brands. According to a report from Azzaman, it was the largest construction project undertaken by […]
By John Lee. The head of the Baghdad Investment Commission (BIC), Shakir al-Zamil [Shaker Shabib] (pictured), said he recently authorized the construction of 2600 housing units for the Ministry of Higher Education and Scientific Research. Azzaman reports him as saying that private and foreign investments are pouring into Baghdad, despite the latest upsurge in violence. He […]
By John Lee. Volvo Trucks has inaugurated joint service centres in the Iraq cities of Baghdad and Basra, reports Construction Week Online. The service centres, built in collaboration with local country distributor ZamZam Spring, will service trucks made by Volvo and Mack, part of the Volvo group. Stefan Soenchen, Iraq country manager of Volvo Trucks, […]
By John Lee. AMBS Architects has shown its designs for the first public library to be built in Iraq since the 1970s. The 45,000 m2 building will be located on a teardrop-shaped peninsula at the heart of the Youth City masterplan dedicated to supporting and inspiring young Iraqis. According to a report from Dezeen, the […]
Dubai-based DAMAC Properties has announced a comprehensive strategic plan to expand its operations to Iraq. The company has begun work on Princess Tower – a 26-storey, luxury furnished apartment complex in the heart of the Iraqi capital, Baghdad. The US$ 100 million project is the first stage of a long-term commitment to the country, said […]
