By John Lee. Baghdad Municipality has announced the building of six significant bridges in the capital, after completing the first phase of decongestion projects. Director-General of the Projects Department at the Baghdad Municipality, Qadhan Al-Waeli, told the state-run Iraqi News Agency (INA): "The Projects Department contributes on multiple fronts to alleviate congestion, opening new roads, […]
By John Lee. Iraq's Ministry of Finance announced on Friday the issuance of the third tranche of reconstruction bonds, named "Sukuk Al-Imar," totaling 2 trillion dinars [$1.5 billion]. This issuance is in accordance with Budget Law No. 13 for the fiscal years 2023-2024-2025, covering the period from December 31, 2023, to January 30, 2024. The […]
By John Lee. The Chairman of the National Investment Commission (NIC), Dr. Haider Muhammad Makkiya, has chaired a meeting to discuss the proposed amendments to the Investment Law No. (13) of 2006, with the aim of strengthening the economic sector in Iraq. In the presence of the general directors and advisors, he discussed set of […]
By John Lee. Ummet Al Salam Co. Ltd. For General Trading & Contracting has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction Contract for Small Works - Rehabilitation of one road in Ana district, Anbar." The contract is valued at $942,820. (Source: UNGM)
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq grants investment rights to PMF-linked company for one million palm trees in Samawah Desert Iraqi and US scholars have raised questions about the project's feasibility, accusing the […]
By John Lee. The United Nations (UN) Secretariat has awarded Al Sudoof for general Trading, designs, engineering consultation and digital mapping Ltd. a contract for "Conducting Topographic Survey for Selected Desert Area in Samawa, Al-Muthanna Governorate." The contract value is $47,742. (Source: UNGM)
By John Lee. The commander of Nineveh Operations Command for the Popular Mobilization Forces (PMF) has reportedly told Shafaq News Agency that over 35 percent of the concrete security barrier project along the Iraqi-Syrian border has been completed. More here. (Source: Shafaq)
From the World Bank: Conflict Pollution Hotspots in Iraq : Land Remediation for Livelihoods Restoration Successive conflicts in Iraq were characterized by tactics to damage its oil and industrial assets that not only led to huge economic loss, but pollution of environmental resources (air, land, and water) on an unprecedented scale. The Damage and Needs […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Untapped Gas Potential: A Turning Point in Global Energy? Iraq has potentially huge gas reserves but its failure so far to properly develop them has led to three key […]
By John Lee. The Ministry of Transport has reportedly announced the resumption of direct Iraqi Airways flights between Iraq and Malaysia. According to the state-run Iraqi News Agency (INA), the Baghdad to Kuala Lumpur route will start in early February with one flight per week. (Source: INA)
By John Lee. The United Nations (UN) Secretariat has awarded Rubar Company for General Contracting Ltd a contract for the "Supply and installation of equipment for (50) rehabilitated houses in Solagh area, Sinjar, Nineveh." The contract value is $19,150. (Source: UNGM)
By John Lee. The Iraqi Health Ministry has announced new initiatives with Saudi Arabia, focusing on establishing health centers and pharmaceutical factories. Speaking to the state-run Iraqi News Agency (INA), Minister of Health Saleh Al-Hasnawi emphasized the significant development in Iraqi-Saudi relations, spanning political, economic, and service sectors. He said the two ministries are jointly […]
