The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
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 […]
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 […]
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 […]
(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 […]
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 […]
(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 […]
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 […]
“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.
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 […]
Basrah province council, in its session held at the beginning of the current week, approved 49 water and hygienic projects which exceeded 130 Billion dinars funded from oil income and province borders taxes. In a statement to the committee, chairman of development and construction in local government Mustafa Ateeh, said to Eye media agency "The […]
The volume of Turkish investments in Basra is so big and we will increase the number of Turkish companies working in the city to 1000 next year, the Turkish consul said on Monday. “Our main goal is to increase the number of Turkish companies working in Basra,” Ali Reda said during the inauguration of a […]
The Basra Provincial Council on Saturday endorsed 49 service projects in the fields of health and water at a total cost of 130 billion Iraqi dinars (ID), financed from oil proceeds and border outlet revenues in the province, according to the council's deputy chairman. "The council approved 27 water projects at 88.6 billion dinars and […]
