The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
The BBC reports that partial results are now in from all 18 provinces, and Nouri al-Maliki has strengthened his lead over main rival Iyad Allawi. His State of Law coalition is leading in seven provinces, including Baghdad and Basra. Baghdad is the largest constituency, with 70 seats from the total of 325. The Iraqi National […]
A discussion loop in Basra on Sunday showed that the province has the lowest unemployment rate throughout Iraq. “Unemployment is among the biggest challenges that face Iraqi economy,” a source insider to the loop told Aswat al-Iraq news agency. She said that unemployment negatively affects economic and social circumstances in Iraq. (Aswat Al Iraq)
The German ambassador in Iraq has arrived in Basra province and met with a number of local businessmen, the head of the Businessmen Union in the province said on Saturday. “Accompanied by some of his advisors, the German ambassador, Paul von Maltzahn, arrived on Saturday in Basra and met with a number of businessmen and […]
Part-time personnel working for the Ports Company have had their contracts extended to May following a peaceful demonstration in Basra city. “The procedure came in the light of instructions from the minister of transportation, Eng. Aamer Abduljabbar Ismail…,” a media official from the company, Anmar al-Safi, told Aswat al-Iraq news agency. On Thursday, dozens of […]
South Oil Company tenders - closing date 15th March 2010
The committee managing local projects in Sulaimaniyah province HAS referred 6 service projects for implementation with a cost exceeding 6 billion dinars. A source in the projects’ section in Basra province said that 3 of the referred projects are for Al Sulaimaniyah city while the three others are for the other parts of the region. […]
Delegations from the embassies of Sweden and Norway met with the governor of Basra last week to discuss investment opportunities in the province, according to Aswat Al Iraq. The joint delegation, led by the Swedish ambassador to Iraq, expressed the readiness of companies from both countries to contribute to large projects in the province. (Source: […]
Aswat al Iraq reports that The Iraqi National Investment Commission is planning to offer 750 investment projects to South Korean firms. The total value of the projects exceeds $600 billion, and includes the building of a new city. The announcement follows a visit to the country last week by a high-powered delegation of Korean businessmen […]
Iraqi Minister of Transport, Amer Abduljabbar, opened the 50-km-long second stage of the Hilla to Basra rail line, according to the head of Babel province’s railways department on Sunday. “Minister Abduljabbar inaugurated the second stage of the project which linked al-Hashemiya district to al-Diwaniya city as part of the larger Hilla-Basra project,” Anwar al-Rehimi told […]
Following the recent visit by a delegation of Iranian businessmen and officials to Basra, an Iranian company has started negotiations with the investment commission in Basra over the construction of an iron foundry. The plant is planned cost to cost $10m and will cover 25,000 square meters. (Source: Aswat Al Iraq)
Basra Investment Commission held a conference on Tuesday to highlight services that can provided by the Iraqi Geological Survey Company to other firms investing in Basra. “The Iraqi firm has a long experience in this field,” Jalalal-Din al-Nuri, the commission’s deputy head, told Aswat al-Iraq news agency. He said that geological surveys are essential to […]
The Iranian consul in Basrah province, on Monday, said there will soon be an Iranian bank in the province to develop trade between the two countries. According to Mohammad Reza, "the Islamic Republic is currently working to open a bank in the province of Basrah as a movement to develop trade and economic relations between […]
