The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Sponge iron factory in Basra – State Company for Iron and Steel (SCIS) (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
By John Lee. The economic agreements signed between Kuwait and Iraq have recently raised concerns among Iraqi experts, who warned against “political courtesy” at the expense of the country’s interests in relation to the proposed free trade zone on the border between the Iraqi city of Basra and Kuwait. A member of the Council of […]
The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mr. Adil Abd Al-Mahdi. It approved: the recommendation of the Ministerial Energy Council on the service contract for Al-Mansuriyah oil field in Diyala province; a draft law on public-private partnership to strengthen cooperation between government agencies and the […]
By John Lee. Iraqi authorities have failed to ensure for almost 30 years that Basra residents have sufficient safe drinking water, resulting in on-going health concerns, Human Rights Watch (HRW) said in a report released today. The situation culminated in an acute water crisis that sent at least 118,000 people to hospital in 2018 and […]
By John Lee. The World Bank will reportedly lend a total of $200 million to Iraq for upgrades to its electricity grid. According to Basnews, the agreement was signed by Finance Minister Fuad Hussein and Yara Salim, a representative to the World Bank. "There will be attempts to address the problem of power supply in […]
The Euro-Mediterranean Human Rights Monitor denounced the kidnapping of a civil activist and prominent academic in Basra province in Iraq, as well as the arrest campaigns carried out by the Iraqi security services against activists leading peaceful protests against corruption in the country. According to local sources, Kazem Al-Sahlani was kidnapped because of his prominent […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Basra protests build in Iraq as sub-standard services persist In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq’s electricity sector amid tense […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Cancer hits residents of Iraqi oil city of Basra The deputy governor of Basra province, Zahra al-Bijari, claimed June 6 that cancer rates have been growing dramatically in the province as a […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's vast oil wealth once paid for some of the best health services in the Middle East. But decades of conflict and political unrest have led to, what the government admits, a crisis […]
By John Lee. A rocket has hit a residential and oil operations headquarters near Basra city, wounding three workers at an Iraqi drilling company. The short-range Katyusha missile hit a compound in Burjesia which is used by several international oil companies (IOCs), including ExxonMobil. Oil production and exports are not expected to be affected. (Sources: […]
JICA to Support Iraq’s Reconstruction and Revitalization through Upgrade of Basrah Refinery Signing of Japanese ODA Loan Agreement for Iraq On 16 June, 2019, the Japan International Cooperation Agency (JICA) and the Iraqi Government signed a loan agreement at Ministry of Finance in Baghdad. The ODA (Official Development Assistance) loan amounting to JPY 110,000 million […]
By John Lee. Ride-hailing service Careem has reportedly started operations in Basra. According to The National, the company, which currently operates in Baghdad and Najaf, also has a pilot project in Erbil. Careem entered the Iraqi market in January 2018, and was bought by Uber for $3.1 billion in March 2019. (Source: The National)
