The investment budget of the capital Baghdad will reach $1 billion U.S. dollars in 2010, Baghdad’s governor said on Tuesday. “Forty percent of this budget will be used to cover the projects that were implemented in the province in 2008 and 2009,” a statement received by Aswat al-Iraq news agency quoted Governor Salah Abdulrazzaq as […]
Tag Archives | Baghdad
The latest news from Baghdad – security updates, business, construction projects and more – brought to you by Iraq Business News
Baghdad Supplies Ministry of Water Resources with 17 Power-generating
The Baghdad governorate has supplied the Ministry of Water Resources, with electric power generators of different capacities. A press statement issued by the Information Office of the Governor of Baghdad says that the governorate provided the Directorate of Mesopotamia with nine power generators, (capacity 1000 kva) each, and another to the pumping station at Basmaja […]
Tags: Baghdad, Public Works
Confectionery Group Sets Dh100m Sales Target
HMBS Group, one of the largest business conglomerates in Iraq, plans to increase sales of its confectionery products by expanding its distribution network to 32 countries this year, a top company executive said. The group has invested Dh220 million to set up a modern confectionery plant in Jebel Ali as a part of a Dh370-million […]
$67m for Roads in Baghdad
A total of 80 billion Iraqi dinars (ID), about US $67m, has been allocated to improve the roads in the capital Baghdad, the local municipality said on Tuesday. The money will be used to pave the main streets and highways in the capital, change traffic lights in central Baghdad and to continue construction work on […]
Agency to protect Baghdad’s architectural heritage
Fawziya al-Maliki, an elegant and determined 44-year old, is spearheading Iraq’s efforts to preserve what architectural treasures remain in the war-ravaged country, but her job is proving dangerous. With many Iraqis fiercely opposed to letting cultural concerns undermine their financial interests, Maliki received death threats in early February for prohibiting the demolition of an old […]
Satellite Station Banned in Thi-Qar
Thi-Qar’s Provincial Council on Monday recommended that the office of al-Baghdadiya satellite TV station be closed after they praised the Baath Party . “The recommendation came during the council’s meeting today,” Abdilhadi Mohan, the council’s deputy head, told Aswat al-Iraq news agency. Over a period of two days, the station broadcasted live interviews with Thi-Qar […]
Tags: Baghdad, Telecoms/Comms
Iraq Minister of Communication to Issue License for a New Mobile Phone Company
Iraqi Minister of Communications Farouk Abdul Kader told Alsumaria TV in an interview that Iraq is about to issue a fourth license for the supply of mobile phones by means of a public/private partnership. This national bid aims at providing a high quality communication service, something which existing commercial mobile phone companies have failed to […]
Tags: Baghdad, Telecoms/Comms
G4S wins contract to secure Baghdad International Airport
G4S Secure Solutions (Iraq), a leading provider of risk mitigation and secure support services, has been awarded the contract to provide aviation security at Baghdad International Airport (BIAP) by the Iraq Ministry of Transport (MoI). The contract, which is initially for two years, mobilised successfully on 2 January 2010. G4S, which is the world’s leading […]
Conference to Show Designs in Wassit
Local authorities in Wassit Province held on Monday a conference to show engineering designs of the first investment residential compound in Kut city. “The project will cost $41 million,” Majid al-Itabi, the Wassit provincial media director, told Aswat al-Iraq news agency. He said that the compound will be executed by two local companies under U.S.–British […]
Minister of Finance Released 20% of the Investment Budget for Province of Baghdad
The Ministry of Finance said on Saturday, that its minister instructed firing 20% of the investment budget for 2010 for the continuity of work of ongoing projects of the province of Baghdad. The ministry statement said the two sides reviewed "the most prominent projects implemented by the province of Baghdad in 2009 and preservation plans […]
Iraq Says It Can Be Top Global Oil Producer
Iraqi Oil Minister Hussain al-Shahristani yesterday said he expected Iraq to become the world’s top oil producer in six to seven years, and that OPEC should take into account Iraq’s need to rebuild its economy. Emerging from the shadow of war and keen to generate petrodollars to rebuild, Baghdad looks set to lift capacity to […]
$11.640m Service Projects in Arbil
Several service projects will be launched in the town of Badawa, eastern Arbil, including road surfacing and sewage and drinking water networks at a cost of more than $11 million, Arbil Governor Nawzad Hadi said on Saturday. “A local contractor embarked on a project to pave roads about eight kilometers long, an extension of a […]
Tags: Baghdad, Public Works