The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
According to this report from NIQASH, many believe the original Garden of Eden, as described in both the Koran and Bible, is located in Basra. Increasingly though climate change, water shortages and urban sprawl mean Basra’s farmers are coming to doubt that story. War and conflict have led to the loss of many farms and […]
Al-Iraqiya television has reported that Iraq is threatening to take the case of Kuwait's Mubarak al-Kabir Port to the United Nations if the harbour violates its maritime rights. An Iraqi Technical Delegation, led by the government’s Advisor, Thamer al-Ghadban, reportedly arrived in Kuwait on Sunday for a 2-day official visit. Bloomberg reports that Prime Minister […]
Iraq is to get high-speed trains linking the provinces, a senior official at the Ministry of Transport said. Talking to Aknews, deputy transport minister Bangin Rekani explained their desire for extensive railways and 240km/h trains. The plans have been presented to the cabinet for approval. The railways, which will provide a huge boost to the Iraqi […]
Basra province is planning to build a 3000-megawatt power generation station in a coastal area overlooking the Gulf, Basra's governor's adviser announced on Wednesday. Central regulations prevent the local provinces from contracting for power generation stations more than 30 megawatts, but the governor has called on the central government to give permission to enter direct […]
Shell Global Solutions has signed an agreement with the South Refineries Company of Iraq for the provision of technology licenses to a refinery in Basra, Southern Iraq. Shell Global Solutions will provide a license for a sulphur recovery unit and visbreaker unit as part of the agreement. Together with the refinery expansion, these technologies will […]
There was a reduction in overall levels of violence in Iraq last week, making it the quietest week in the country since February. Baghdad actually had the quietest week so far in 2011, which is promising, except that the authorities have warned that the lull is likely to be temporary. It may be the case […]
AFP reported on Tuesday that Iraqi forces took charge of security at Basra's oil export terminals at the southern port of Basra from US troops. Nearly 80 percent of Iraqi oil is exported through the south. "Today, we took charge of the oil terminals at Basra from the Americans," an Iraqi navy official said, speaking […]
Changes in legislation have led to an explosion in building companies in Iraq’s economic hub, Basra. Some exist only on paper but get jobs worth millions. Some say it’s the fault of US-formulated laws. Others say its corruption and public budgets. One of the most popular kinds of business in Basra city, the second most […]
On July 21, U.S. Consul General Piper Campbell, on behalf of the U.S. Trade and Development Agency, signed an agreement with the Director General of the South Refineries Company, Mr. Abdul Hussein Nasir Qasim, which grants $502,798 to the SRC to conduct a feasibility study for the rehabilitation of its Basrah refinery. This rehabilitation will […]
Iraq's Ministry of Water Resources has announced the building of a 129KM irrigation channel from the Shatt al-Arab waterway. The channel will be lined with concrete, and will carry water at a rate of 30 cubic meters per second. The project, which will provide water for agricultural land in the Basra governorate, is expected to […]
The United States opened a consulate Tuesday in Basra, the first such diplomatic presence in the southern Iraqi city in more than four decades; the last U.S. consulate in Basra closed in 1967. The new consulate comes days after the United States handed over three joint security stations in southern Iraq to Iraqi authorities as […]
Iraqi Media reports that a British company called 'Mayfair' has proposed a $300 million housing project to Basra Investment Commission. Other sources suggest that the company is in fact the Indian-based Mayfair Housing. Head of the BIC Haider Ali Fadel reportedly said the project would be funded by the World Bank. The project includes the […]
