A number of companies participating in a Basra international fair revealed on Saturday their intention to seek investment opportunities in the province, the 'economic capital of Iraq', according to a source cited by AK News. The 5-day Basra International Fair opened on Friday, with the participation of more than 150 local and foreign companies specialising […]
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The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
Basra Plans to Establish an Industrial City
Basra's governor has announced projects totalling more than 50 billion Iraqi dinars ($42m), according to a report from AK News. "Many projects will be implemented and financed from Basra's budget at a cost of more than 50 billion Iraqi dinars. The first project is to establish an industrial city for 40 billion dinars that includes […]
Major Campaign to Reduce Electricity Theft in Basra
A major campaign kicked off in Basra on Sunday to clamp down on the theft of electricity from the grid. Basra police chief Maj. Gen. Adel Dahham, speaking in a statement to "Eye Media" on the role of security services, said "military and police forces worked with the electricity departments in a campaign to stop […]
Tags: Basra News, Electricity In Iraq
Iraq Wants to Open Oil Border with Kuwait
Dhiya Jaafar, chief executive of Iraq's state-run South Oil Co (SOC), has said the country seeks to open a special border crossing with neighbouring Kuwait for international oil firms working in the country, Reuters has reported. The new border crossing would facilitate the inflow of equipment for the oil companies that secured contracts to develop […]
100 Firms Take Part in Basra Trade Fair
One-hundred Iraqi and foreign companies will participate on Friday in the Basra International Trade Fair, according to a province’s businessmen union board member on Thursday. “The companies that will attend the five-day event are coming from Turkey and Germany, alongside Iraqi companies,” Hussein Hashim al-Sa’edi told Aswat al-Iraq news agency. “The fair, which will be […]
Tags: Basra News, Trade Fair
Additional Funding for Power Network in Basra
The Basra Provincial Council has allocated an additional ID300 billion [$250m] to rehabilitate the power network in Basra. “This is a temporary and quick solution for the power problem in Basra,” the council’s head told Aswat al-Iraq news agency on Wednesday. He noted that agreements have been obtained to construct four new gas-driven power stations […]
1,300 Houses for Port Staff in Basra
(Source: Aswat Al Iraq) Iraqis Ports Company has reached an agreement with a foreign firm to build 1,300 housing units for ports’ staff in the Basra province, in southern Iraq. “The compound will be constructed at the al-Najeebiya area, 25 km north of Basra,” a media source from the Iraqi company told Aswat al-Iraq news […]
Grand Faw Port Tenders Set for 2011
A tender is to be floated by Iraq's transport ministry in the fourth quarter of 2011 for the main construction contract of the estimated $6bn Grand Faw Port in Basrah province, Meed has reported. The Grand Faw port is designed to include 7,000 metres of dock for container ships and an additional 3,500 metres of […]
Electricity Minister Offers to Quit After Violent Demos
(Sources: AFP, Associated Press) Iraqi Electricity Minister, Karim Wahid, offered to resign on Monday after a wave of bloody street protests demanding his dismissal over harsh power rationing in the scorching summer heat. Public anger with the work of the electricity ministry has boiled over in recent days as temperatures have hit highs of 54 […]
Tags: Basra News, Electricity In Iraq
World Food Discusses Programs in Basra
A representative of Basra’s governor on Monday discussed with representatives of the World Food Program methods to activate feeding students, as well as ration cards in the province. “The meeting also discussed importing technical support and technologies to Basra,” a provincial media source told Aswat al-Iraq news agency. He noted that the meeting also discussed […]
Tags: Basra News, Industry & Trade
Security Concerns, Corruption Keep German Investors Away from Iraq
“Although security situation in Iraq is stable, the image associated with the country in German investors’ minds is about bombings and security violations,” the consular told Aswat al-Iraq news agency.
Tags: Basra News, germany
Basra Governor Discusses Reconstruction with Jordanians
Basra Governor, Shaltagh Abboud al-Mayah, discussed on Monday with Jordanian minister of finance businessmen’s contribution in the reconstruction operations in the province, according to an official statement. “The minister expressed his ministry’s readiness to provide all facilities and to receive Iraqi employees to train them in banking, accounting and tax,” said the statement received by […]