The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By Robert Tollast. LC Waikiki, the Turkish fashion corporation with outlets in 27 countries, has opened a new store at the new Basra Times Square shopping mall in the southern Iraqi city. The announcement was made on the company's website, and will be the third outlet in Iraq after store openings in Baghdad and Erbil. A […]
By Simon Kent. Iraq is planning a 26% rise in exports of Basra Light and Basra Heavy grades of oil, according to data seen by Bloomberg. The targets are 55 cargoes of Basra Light and 26 cargoes of Basra Heavy respectively. This would mean an increase from 90.5 million barrels exported in September, up to 114 […]
By Simon Kent. G4S Risk Management has announced that it has won a new contract to provide security services to Basra Gas Company (BGC) for three years commencing January 2016 with a total contract value of $187 million. The exercise of a two-year extension option would bring the total value to $270 million. BGC operates […]
Just a year after it opened, the RSK combined geotechnical–environmental laboratory outside Basra, Iraq, is aiming to expand its services and recruit more young scientists to augment its staff of nearly 20. The RSK Iraq laboratory, which has been operational since May 2014, is the first combined geoenvironmental laboratory in Iraq to achieve this International […]
By John Lee. On Thursday the Prime Minister Dr. Haider Al-Abadi held a meeting in his office with the Japan International Cooperation Agency (JICA) to discuss projects to provide drinking water to the province of Basra. During the meeting, there was a follow-up on the water desalination project in al-Hartha in Basra. Dr. Abadi stressed […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Political Independence Doesn't Pay: Basra's Beleaguered Governor Under Fire As they have done with the pictures of his predecessors, the protestors in Iraq's southern Basra province were so angry they […]
By John Lee. The Governor of Basra, Majid Al-Nasrawi [Alnasrawi] (pictured), has called on Filipino companies to invest in the province. During a meeting with the country's Chargé d’Affaires, Elmer Cato, he stressed that Basra and the rest of southern Iraq remain safe for investors. Citing the example of the Manila-based International Container Terminal Services Inc. […]
By Simon Kent. The Iraqi Ambassador to Jordan has announced plans to re-route a proposed pipeline to the country's Western neighbour. According to Ambassador Jawad Abbas, the $18bn, 150,000 bpd pipeline will now go south towards Basra and then west into the neighbouring Kingdom. The project is one of a number of oil and gas […]
Penspen, a leading global provider of engineering and management services to the energy industry, has underlined its commitment to growth in the Middle East with three new appointments and investment in a new office in Iraq. Ahmed Al-Dadah and Na’el Barghouthi have this month joined the company from other engineering providers, whilst Michael Simm, EVP […]
The Basra Compact, a flagship partnership to revive the economy in southern Iraq The authorities of Basra and the UN Development Programme (UNDP) have signed a flagship agreement, the Basra Compact, aiming at strengthening participatory and accountable governance and reviving the economic activity in the southern governorate, which is not just oil-rich but needs to […]
The 5-Miles IDP Camp in Basra, a Story of Social Cohesion The opening ceremony of new shops managed by internally displaced persons in the popular al-Asri market, 5 miles off the city of Basra, marks a story of success. Following a fire in a community of displaced people in Tannoma District, 300 families (2,000 people) […]
UNESCO and its partners celebrated with students and teachers the opening of the newly constructed Migrant Birds Intermediate School for internally displaced persons at Al-Souq Al Asry Camp in Basrah, Iraq. The opening of the school in Al Souq Al Asry camp shortly follows the opening of the Baharka Secondary School and the Dawodiyah Secondary […]
