The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
The group of US investors held talks with local officials in Basra about establishing a tourist project on Sindbad Island [Sinbad Island], a source told Aswat al-Iraq news agency on Wednesday. A delegation from the group discussed the project with Basra's Governor, Shaltagh Abboud, and Deputy Chairman of Basra Council, Ahmad al-Sulieti. “The project includes […]
The University of Salford, in the United Kingdom, is to work with the University of Basra, Iraq, to set up a centre for research in the built environment, with the aim of providing skills and knowledge as the country seeks to rebuild. As the UK’s leading research centre for built environment, Salford will help the […]
Egypt's ambassador to Baghdad, Kamal Shaheen, has said that he wants to re-open a consulate in Basra province soon. He told NMC that this decision reflects a desire to deepen relations with Iraq. He added that many Egyptian investors and businessmen visited Baghdad to review investment opportunities, and their next step was often to visit […]
U.S. engineering firm World Solutions International (WSI) has unveiled a $220 million [257 billion Iraqi dinars] contract to build 2,500 housing units in Iraq, which is battling a housing shortage and in desperate need of investment. The engineering and construction company, based in Maryland in the United States, said on Thursday the units would include […]
Basra's Council approved an energy project worth 288 billion dinars [$246m] on Thursday, a vice president of the Basra council told Aswat al-Iraq news agency. “The council approved during its regular session an energy project to establish four generating units with a production capacity of 400kv (sic) at the al-Najiebiya electricity plant,” Ahmad al-Salieti is […]
The outgoing Iraqi government announced on Friday that the demarcation of borders on the Shatt al-Arab will begin at the beginning of November under the supervision of the United Nations (UN), according to AKnews. The Shatt al-Arab is where the Tigris and Euphrates rivers meet and flow into the Persian Gulf. Ahmed al-Shihani, foreign affairs […]
The director of the Media Department of the Iraqi Ports Directorate said on Sunday that the ports department had studied the possibility of closing Maqel [Maaqal] port, but concluded that it is not feasible because of the large financial revenues generated by the port and the ease of transfer of goods through it. Anmar al-Safi […]
The International Organization for Migration (IOM) Iraq Mission has signed an agreement with the United Nations Office for Project Services (UNOPS) to set up a project to support local private and semi-private Business Development Service (BDS) providers in the Governorates of Anbar, Basrah and Erbil. The project aims to develop sustainable business models and engage […]
A Romanian company has received initial approvals to implement a residential project in Basra, according to an official from the Basra Investment Commission (BIC). “The BIC granted its initial approval to a Romanian company to carry out a residential project, which will include 6200 units in al-Kazieza region, northern Basra,” the source told Aswat al-Iraq […]
Iraq's developing situation continues to astound me when I contrast it with much of the west. Take the UK, where Prime Minister David Cameron has on 20 October announced £81bn ($127bn) of cuts from total government expenditure of £661bn ($1,040bn), the largest budget cuts in decades by a large margin. All this it needs to […]
Iraq’s South Oil Company has organized a special conference on the strategy of the Iraqi Oil Ministry in the field of training and technology transportation, with the participation of major specialized global companies, the company’s Training Director said on Sunday. Hassib Attiya said “the activity of the strategic conference for training and technology transportation began […]
An official in the Iraqi Ports Department reported on Wednesday that a ship carrying Iraqi dates is en-route for one of the Gulf States, the first shipment of this once world-famous Iraqi product to leave the country since the U.S.-led invasion in 2003. AKnews reports that the director of the Department’s media office, Ammar al-Safi, […]
