By John Lee. Prime Minister Mohammed Shia al-Sudani announced the launch of new service projects in Babil province worth 1.276 trillion dinars [$975 million] during his visit on Thursday. The projects include: Comprehensive sewer, sanitation, and stormwater projects in the districts of Qassim, Hashimiyah, and Medhatiah, with a total budget of 364.5 billion dinars. A […]
By John Lee. Prime Minister Mohammed Shia al-Sudani announced the start of the second phase of the Hilla Sewer Project, with a budget of $287 million, during a visit to the Babil province on Thursday. While on a field tour, the prime minister reviewed the progress of the first phase and emphasized the importance of […]
By John Lee. UK Export Finance (UKEF), the UK's export credit agency, has announced that it has secured £226 million [$285 million] in financing for the Iraqi government to develop over 350 kilometers of drainage infrastructure as well as 15 kilometers of stormwater and wastewater lifting stations near Hillah city. Upon completion, the project is […]
By John Lee. The Iraqi cabinet has authorizing the Tourism Authority to issue a direct invitation to at least three "robust and specialized" companies for the purpose of investing in two hotel real-estate projects: Najaf Hotel, in Al-Ghadeer District 2/395; Babylon Tourist Hotel in Hilla. (Source: Office of the Prime Minister)
Iraqi Ministry of Finance and GE Mark Financial Close of Power Up Plan The Iraqi Ministry of Finance (MoF), GE and their financial partners have celebrated the financial close -- a critical milestone that marks the final step of a loan agreement becoming effective -- of the Power Up Plan 4 (PUP4). Under PUP4, GE […]
By John Lee. A suicide truck bomb has killed more than 80 people, most of them Iranian Shia pilgrims, in the city of Hilla, 60 miles (100km) south of Baghdad. The Islamic State group (IS, ISIS, ISIL, Daesh) has claimed responsibility for the attack. The pilgrims were on their way back to Iran from the […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is a great mine of antiquities, with around 13,000 historical and archaeological sites. But today, they lack protection in the absence of law and the deteriorating security conditions in the […]
By John Lee. A spokesperson for Iraq's Electricity Ministry, Musaib al-Mudarisi, says the newly constructed power plant in Babel is now fully operational, adding 250 megawatts of power to the national grid. The plant comprises two generating units, each with 125 megawatts, and has already been linked to the national grid. The plant was inaugurated by […]
By John Lee. Prime Minister Nuri al-Maliki has inaugurated the new Hilla gas-powered electricity station in Babil province. Ministry of Electricity spokesman Musab Al-Mudarris said that the station's total power is 250 MW, using two 125-MW GE generators. The project was carried out by the Al-Hurra International company at a cost of $84 million, under […]
The Chairman of future projects coordination in Karbala province, Hani al-Yasari, has confirmed that the Turkish Universal Acarsan Co. has completed the first stage of the modern hospital project in al-Herr district the province. He told NMC that the seven-floor hospital, to be built over 65 acres in 33 months, includes 492 beds initially, expanding […]
Electricity Minister Karim Wahied on Monday laid the cornerstone of a gas-fired power plant in Hilla at a cost of $84 million. “The plant will work with a total capacity of 250 MW and the project was referred to a Canadian company, which signed the contract a few days ago,” Wahied said at a press […]
