Iraq signed final contracts with Angolan state oil company Sonangol on Tuesday to develop the Qayara and Najmah oilfields. Qayara has reserves of some 800 million barrels and Najmah 900 million. Both are in the violent Nineveh province in Iraq's north, where Sunni Islamist insurgents like al Qaeda remain active almost seven years after the […]
Tag Archives | Baghdad
The latest news from Baghdad – security updates, business, construction projects and more – brought to you by Iraq Business News
New Rural Road in Wassit
The Wassit Gov. Lateef Hamad al-Turfa on Tuesday laid the foundation stone of a new rural road south of Kut city. “The road’s length will be 37.5 km,” Majid al-Itabi, Wassit’s media director, told Aswat al-Iraq news agency. He said that the project will cost ID3.88 billion. “The road will be executed by a local […]
Cornerstone Laid for Southern Kirkuk Road
Kirkuk’s governor laid the cornerstone of a project to pave a road in southern Kirkuk at a total cost of 588 million Iraqi dinars, according to an official source. “The governor Abdulrahman Mustapha laid on Tuesday the cornerstone of a project to pave the road between al-Shirin dam on Lilan road in southern Kirkuk,” the […]
Two Investment Opportunities in Basra
There are two big investment opportunities to construct two major gas-driven power plants in Basra, the Basra Investment Commission said in a release on Monday. “The first plant will have a capacity of 1,250 Mwatt, while the second one will be able to generate 1,350 Mwatts of electricity,” said the release received by Aswat al-Iraq […]
$21m for New Investment Project in Baghdad
Baghdad Investment Commission opened on Monday a new project in the capital, with a total cost of $21 million. “The project is a modern shopping center that was executed by a local company,” the commission said in a release received by Aswat al-Iraq news agency. It said that the center is located at the al-Daura […]
Tags: Baghdad, Investment
Basra-Istanbul Airway to Open Soon
The Basra-Istanbul airway will be opened early next month, the deputy head of Basra’s investment commission said on Monday. “Flights will be available between Basra Airport and Turkey,” Jalal Tema al-Nouri told Aswat al-Iraq news agency. The step comes following talks with the commercial attaché in the Turkish embassy, Saeed Faeq, Nouri explained. The Shiite […]
Soran Spends ID82b, Still Needs ID70b More to Solve Problems – Mayor
The year 2009 was one of development and infrastructure projects worth 82 billion Iraqi dinars ($69.5 million) in Soran from Arbil’s Provincial Development Budget (PDB) but the district would need 70 billion dinars more to solve all problems, according to Mayor Kermanj Ezzat on Sunday. “The sum was spent over projects that focused on the […]
Singaporean Company Considers Investment in Basra
A delegation comprised of representatives of a Singaporean company has discussed with Basra’s governor the establishment of a luxury hotel in the city. “The governor of Basra, Shaltagh Abboud al-Mayyah, has welcomed the project and offered to provide all facilities…,” a local media source told Aswat al-Iraq news agency. The five-star hotel will be built […]
D7bn to Renovate Joman Streets- Official
A project to renovate the streets of Joman district will require 7 billion Iraqi dinars (nearly $6 million U.S. dollars), the director of the local municipality said on Saturday. “Two local companies have begun work on two projects to renovate the streets and neighborhoods of Joman district at a total cost of ID803 billion,” Farman […]
2 U.S.-funded Meat and Fish Markets Opened in Kut
Wassit Governor Lateef Hamad al-Turfa opened on Saturday two U.S.-funded meat and fish markets in the city of al-Kut. “The two projects cost around six billion Iraqi dinars,” Majid al-Itabi, the Wassit province’s information director, told Aswat al-Iraq news agency He said that the two buildings will occupy a total area of 3,250 square metres. […]
U.S. to Fund Meat and Fish Markets in Wassit
U.S. Provincial Reconstruction Team (P.R.T) will fund two buildings in central Kut city, which will be used as meat and fish markets. “The two buildings will occupy a total area of 3,250 square meters,” Majid al-Itabi, the Wassit provincial media director, told Aswat al-Iraq news agency on Thursday. He said that the first building will […]
Tags: Baghdad, Industry & Trade
Baghdad Plans 75,000 Apartments to Modernize Slum
The city of Baghdad asked foreign companies on Thursday to sign up for a project to design and build 75,000 apartments, the first phase of a $10 billion plan to rebuild the Iraqi capital's sprawling Sadr City slum. The entire 56 sq km (22 sq mile) project, to be built over 10 years, includes 150,000 […]