The latest news from Baghdad – security updates, business, construction projects and more – brought to you by Iraq Business News
Overall, levels of violence fell in Iraq over the past week, but the rate of weekly incidents has continued to fluctuate in recent months and the improvement is likely to be temporary. There have been three recent suicide attacks, targeting provincial government buildings and the police. Two of these attacks have taken place in the […]
Major sewerage projects in Baghdad and Fallujah are being launched shortly at an overall cost of close to $140 million [168 billion Iraqi dinars], the Ministry of Municipalities and Public Works on announced Monday. The ministry’s media advisor, Jassim Mohammed, told AKnews that $72.5 million has been allocated to a sanitation scheme in Baghdad’s northern […]
The rehabilitation of the Iraqi capital of Baghdad requires an investment of $15 billion [18 trillion Iraqi dinars] over the next 10 years, Baghdad’s Mayor said on Sunday. Sabir al-Issawi [Saber al-Issawi] (pictured) gave the figure in response to a question addressed to him by Iraq’s Prime Minister, Nouri al-Maliki, in a meeting attended by […]
Levels of violence rose in Iraq last week, although conditions were not as bad as a fortnight ago. Most incidents were concentrated in Baghdad, Anbar and Salah ad-Din provinces, with an overall decline in militant activity in the north of the country and a rise in attacks in the south. There has also been a […]
The discovery of two fake contracts in which officials from Baghdad municipality were involved has shed new light on the extent of corruption in the country, according to a report from Azzaman. The municipality claims that two of its senior officials were involving in doctoring two $164 million contracts for the construction of sports stadiums […]
The average weekly number of attacks has risen in Iraq over the last two months. Conditions gradually worsened in the first five months of the year, and while the increase in attacks has not been dramatic, it is nonetheless still a concern, particularly as the US prepares to withdraw its military by the end of […]
A five-year project for French engineering group Alstom to build an above-ground urban metro line in Baghdad will cost $1.5 billion [1.8 trillion Iraqi dinars] and be funded by the French government and banks, according to Reuters. The planned line will have capacity to carry 30,000 passengers an hour, will have 22 km (13 miles) […]
The Iraqi National Investment Commission (NIC) signed a $7.25 billion deal to build one hundred thousand housing units as a complete neighborhood East of Baghdad. The signing ceremony with Hanwha Engineering & Construction, one of the largest engineering and construction companies in South Korea, took place at the Iraqi Prime Minister's Office Nouri Al-Maliki this […]
Overview Levels of violence rose considerably in Iraq last week, making it the worst week so far this year. A spate of bombings in Baghdad, Mosul and Kirkuk left dozens of people dead and injured. The police and military suffered the majority of attacks, but Iraqi oil workers, US soldiers and even three European civilian […]
Just this week, we have seen a United Arab Emirates firm invest in a new Iraqi oil refinery, a German company discussing investing in Basram, and a Korean company building 25 power stations. On top of that, there have been Iranian gas deals amd Saudi Arabian interest in Iraqi telecoms, plus both British and Turkish […]
Organizers of Basra Oil & Gas and Baghdad Oil & Gas are glad to announce that both events are officially supported by the Iraq Ministry of Oil. In the document signed by Mr. Ahmed Al-Shamma, Deputy Minister for Refining and Gas Processing, it is clearly indicated that the ministry is pleased with the success of […]
South Korea’s Hyundai Engineering & Construction Co. has started work on a $219 million project to expand a gas-fired power station near Baghdad, Bloomberg has reported. The Al-Quds station located in a suburb northeast of the capital will increase production to 1,400 megawatts from 900 megawatts withing 18 months, according to Qais al-Waeli, a spokesman […]
