The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
The citizens and authorities in what is potentially Iraq’s wealthiest oil boom town are upset. They say oil companies are causing environmental problems and Baghdad is getting rich while they’re missing out, according to this article from NIQASH. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
The head of the One Stop Shop Department in Basra Investmetnt Commission (BIC), Eng. Jalal Al- Noori, announced that the Turkish company Visalr has submitted an investment project to build private schools in Basra. He said the education sector is a top priority for the BIC, and that Basra has suitable lands allocated for such […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Turkish Airlines increased its flights between Basra and Istanbul to four per week, according to Aswat al-Iraq. The Turkish consulate in Basra said there will be flights between the two cities on Saturdays, Sundays, Tuesdays and Thursdays starting on 4th March. "Basra is strategically important, and the fourth air bridge will underline to the Turkish […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Basra Investment Commission has approved a project to build 1857 housing units in the Rabet Kabir area. According to AKnews, the investment is valued at $108 million, while Aswat al-Iraq puts the figure at $250 million. An Iraqi company called Falcon is leading the project. The 90 four-storey buildings will accomodate 1440 flats with an […]
A Basra iron and steel company will be given $700m (816 trillion Iraqi dinars) over the next 15 years by Turkish backers, reports AKnews. After visiting the factories of the General Company for Iron and Steel [State Company for Iron and Steel (SCIS)], a delegation from Turkish company United Brothers made a proposal to increase […]
Levels of violence fell in Iraq last week. At least 18 people were killed and 48 injured in nationwide incidents, making it the quietest week in at least two months. A total of 26 bomb attacks left six people dead and 41 injured. They were mainly low-yielding in terms of casualties and were likely designed […]
The Basra Investment Commission has approved a $100 million waste plant to be built by Dow Chemical's Kuwait branch, according to AKnews. The company, which already has plants in Kuwait, Saudi Arabia and Qatar, will enter Basra and invest in water purification projects and will consider providing environmental solutions, professional consultation and technical services. Waste […]
Last year the oil-rich state of Basra announced it wanted more independence from Baghdad. This year it changed its mind. Decision makers say the timing is wrong, critics say Baghdad put locals under pressure, according to this article from NIQASH. Any opinions expressed are those of the author, and do not necessarily reflect the views […]
Iraq plans to ship 17 cargoes of Basrah Light crude oil from the Persian Gulf in the first half of February, according to a loading program obtained by Bloomberg. This would be two cargoes more than in the second half of January. A total of 28.06 million barrels, or 1.87 million barrels a day, will be […]
