The latest news from Baghdad – security updates, business, construction projects and more – brought to you by Iraq Business News
In a recent opinion piece in the Times, Lord Jeffrey Archer was enthusiastic about the opportunities to be grasped in modern Iraq: "Today [Baghdad] is a boom town, rather than a bomb site. If I were a young man, looking to make my fortune, I would be off to Iraq like a shot." " ... […]
The value of investment projects in the Iraqi capital has reached $100 billion [120 trillion Iraqi dinars], the Baghdad Mayoralty said on Tuesday. “The investments are in the housing, hotels, malls, theme parks, and resorts sectors,” the mayoralty said in a press release received by Aswat al-Iraq news agency. It noted that the Baghdad Mayoralty […]
Kuwait News Agency (KUNA) reports that permission has been granted for a $250 million [300 billion Iraqi dinars] investment to build a business village near Baghdad international airport, provided that it is completed within 5 years. The agency quotes the 'Iraqi Babylon Investment Authority', which we believe to be the Baghdad Investment Commission. Chairman of […]
Baghdad’s Mayor, Sabir al-Issawi, called on Swedish firms to participate in redevelopment projects in the Iraqi capital. “Al-Issawi received an official Swedish delegation in his office in Baghdad,” said a release issued by the Baghdad Mayoralty on Monday, as received by Aswat al-Iraq news agency. It explained that the two sides discussed methods to reinforce […]
An official source in the office of Baghdad's Mayor said on Sunday that the Mayor had highlighted the importance of implementing the investment projects that have been contracted, stressing the need to expedite the granting of investment licences. "A meeting that included Baghdad's Mayor, Saber Al-Issawi, a number of ambassadors and businessmen took place to […]
Arabtec Construction is considering a contract to build a 100,000-seat stadium on the outskirts of Baghdad, The National has reported. "We considered it a couple of times in the past but decided against it because of the ongoing security situation," chief executive, Tom Barry said. "We were recently asked to look at the stadium project […]
The Baghdad Mayoralty has allocated ID7 billion [$6m] to the Iraqi capital, the mayoralty said in a statement on Monday, received by Aswat al-Iraq news agency. “ID5 billion will be to develop infrastructure in Baghdad, and ID2 billion will be to purchase specialized equipment and laboratory devices,” the release said. It noted that the funds […]
The Baghdad Mayoralty is discussing housing compounds with Turkish firms as part of its attempt to build one million residential units throughout Iraq. “Out of the one million units, 224 thousand will be in Baghdad,” the mayoralty said in a press release on Sunday, as received by Aswat al-Iraq news agency. It noted that the […]
"The queues at gas stations in Baghdad were the result of the shortage of electricity and the high temperatures," the spokesman of the Iraqi Oil ministry said today. "The high temperatures prompted citizens to store petrol for their home generators," Assim Jihad said. "The Ministry is regularly providing the stations with fuel and gasoline," he […]
The Baghdad Mayoralty has allocated ID60 billion ($50m) on Tuesday to improve sewerage systems in the Iraqi capital. “The amount will be funded from the 2010 budget for the development of regions,” the mayoralty said in a press release received by Aswat al-Iraq news agency.
More than 120 companies and almost 100 Iraqi business and government representatives participated in a catalogue show in Baghdad on Sunday the 20th June. The event was managed and organised by Upper Quartile and co-sponsored by the U.S. Embassy Baghdad, Baghdad Provincial Reconstruction Team, and G4S. It was another first for Upper Quartile, a follow on […]
The Baghdad Provincial Council has decided to release ID102 billion [$85m] to the Baghdad Mayoralty, to complete a number of services projects in the Iraqi capital. “This is the second dispatch of funds allocated to the Baghdad Mayoralty according to the budget to develop regions,” the mayoralty said in a release on Monday received by […]
