The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
The head of the Arab Gulf Studies Center in Basra University said on Monday that the center will hold a seminar to discuss the economic feasibility of the planned Faw port to be built in the Ras al-Bayshah area of Basra province. The center's director, Jassim Ghali Roumi, told AKnews that the seminar commissioned by […]
Trends in 2010 demonstrated that violence is still a concern in Iraq. With opportunities for investment arising in 2011 the outlook for the country is fast improving, but companies looking to take part in Iraq’s economic redevelopment will have to take security into consideration if they are to succeed. Weekly Violence The above chart shows the […]
Iraq signed deals worth $52 million with France's Schneider Electric and Areva to build 15 power distribution stations in the southern oil hub of Basra, the province's deputy governor, Ahmed Hameed, said on Sunday. Schneider Electric, has won a $29 million contract to build eight distribution stations, while Areva was awarded a $23 million deal […]
South Korea's STX Heavy Industries concluded a deal with Iraq for a petrochemical plant in the southern city of Basra, according to Aswat al-Iraq. A Basra official said.“The delegation discussed with the governor the mechanism to implement a memorandum of understanding the company signed with the industry ministry to rehabilitate the petrochemical complex in Basra.” The […]
As Baghdad ponders fewer checkpoints, oil exports sent by sea face more checks. The capital has 870 security checkpoints, which have been blamed for slowing an already congested city down and inhibiting productivity. Some commuters must stop at half a dozen checkpoints each morning, sometimes waiting for an hour at just one of them. Many residents find […]
With a new Iraqi government now finally formed, Basra's desire for a referendum on becoming semi-autonomous may finally get past Baghdad's stalling tactics. The Iraqi constitution allows provinces to become semi-autonomous, just like the northern region of Kurdistan. The Associated Press reported on the pros and cons, writing that Basra would be able to stop […]
Overview Levels of violence rose last week in Iraq as Shi'ahs marked al-'Ashura. Pilgrims travelling to the holy city of Karbala were attacked on several occasions, in Baghdad and the central provinces, although Karbala itself saw little in the way of violence. The police arrested numerous suspected militants ahead of the event and many potentially […]
Italian oil company ENI plans to invest in Basra province in the fields of economy, science, and sport. Basra's Governor says the company dedicated about $ 5 Million to implement several projects to enhance relations with Basra and its citizens, he added that the company is ready for real investments in agriculture and cattle projects, […]
An International Fair was opened in the new Basra International Exhibition Centre in Maaqal in southern Iraq’s Basra Province, with the participation of 70 Iraqi and foreign companies, the Exhibition’s media source said on Sunday. Aswat al-Iraq reports that the Fair, called “WEBO 2010,” was opened with the attendance of Basra’s Governor, Ahmed al-Hassani and […]
Overview Levels of violence fell in Iraq last week for the third week in a row. However, conditions have started to deteriorate once again with a rise in attacks since Sunday, particularly in the central provinces and Baghdad. The number of terrorist attacks is likely to increase further over the coming days, despite numerous police […]
Basra's Governor, Shaltagh Aboud, signed a contract with France’s Schneider Electric on Tuesday, to build 8 power plants in the province at a reported cost of $29 million. “The projects will be implemented in cooperation with an Iraqi partner in various areas in Basra,” a media source told Aswat al-Iraq news agency. (Source: Aswat al-Iraq) […]
Basra Council has formed a committee to monitor progress of the building work on Basra's new Sports City, which is hoped to host the 21st Gulf Cup of Nations soccer tournament in 2013. The media director of the council, Hashem Liyabi, told AKnews, that the decision came after getting the official approval to hold the […]
