The latest news from Baghdad – security updates, business, construction projects and more – brought to you by Iraq Business News
Eight international companies are competing to win the Baghdad Metro Project and update its studies and designs. It is estimated that the implementation of this project will total roughly 3 billion Dollars
The Baghdad Gate Housing Project will provide job opportunities, Iraqi Prime Minister Nouri al-Maliki said on Monday. “This is a new stage, Iraq has become a workshop,” al-Maliki said at a ceremony held on the occasion of laying the project’s corner stone. “All projects that have been agreed upon will be finalized within the coming […]
* Plans to boost capacity to 15 mln passengers per year * Wants to build 3 new terminals at Baghdad Iraq plans to double capacity at Baghdad International Airport to 15 million passengers per year, the head of the country's civil aviation authority said on Tuesday. After years of sanctions and war, Iraq plans billions […]
A Canadian firm is investing $299 million in 5,000 housing units in Baghdad. “The units will comprise a complete town including all the related services,” the Baghdad Investment Commission said in a release on Monday received by Aswat al-Iraq news agency. It said that at least 20 thousand people will live there. ( Aswat Al […]
Baghdad Mayoralty has allocated ID200 billion to pave roads in the Iraqi capital in 2010. “Work will be executed through 13 contracts,” the mayoralty’s media office said in a release on Tuesday received by Aswat al-Iraq news agency. He noted that five million square meters will be paved this year in Baghdad. ( Aswat Al […]
The water shortage problem in Baghdad will be solved in 20 months, the Baghdad Mayor Sabir al-Issawi said on Monday. “Stage – 1 of the Rusafa giant water project that will be soon finished will produce around 910 thousand cubic meters of water per day,” al-Issawi told Aswat al-Iraq news agency. He said that the […]
The Iraqi aviation sector is experiencing a surge of demand and is making strides in the development of its infrastructure, fleet and services. “This is an exciting period in the re-establishment of the Iraqi aviation industry,” observes William Wakeham, Managing Director of Anglo Arab Insurance Brokers. Iraq’s Ministry of transportation has recently announced (on March […]
This month (March 2010), investment permits have been awarded to several projects in Baghdad including companies working in the fields of housing, tourism and hotels. “Eight investment permits have been given to a number of companies. Housing projects were given a priority,” the Investment Commission in Baghdad said in a statement received by Aswat al-Iraq […]
Iraq’s Ministry of Agriculture has banned the import of potato seeds and called for people to rely on local products. Potatoes will be subject to examination by an an ad hoc ministerial committee, according to a Ministry release on Sunday. “The decision was taken after an important meeting held by the Under Secretary of Agriculture […]
The Iraqi Stock Exchange (ISX) index this week went down to register 94.8 points with trading worth 3.4 billions Iraqi dinars, compared to last week which registered 97 points. Traded shares this week worth around 3.425 billion Iraqi dinars ($2.9 million) through 1282 deals with non-Iraqi investors completing 175 deals worth 645.615 million Iraqi dinars, […]
The Industry Ministry announced that the General Company for Phosphate marketed more than 15 thousand tons of compound fertilizer in the past month. The Ministry also said the cotton industry has achieved sales of more than one billion dinars during the last month, and announced the arrival of a new machine to increase production capacity. […]
The Iraqi minister of transportation has discussed with the Syrian prime minister means of boosting cooperation in the transportation sector, the Syrian Arab News Agency (SANA) said on Wednesday. “The two officials discussed in the Syrian capital Damascus means of developing the work of the Iraqi-Syrian Land Transportation Company and facilitating procedures for the transportation […]
