By John Lee. Jordanian-based International Venture Investment Holding (IVI Holding) has announced the signing of an Engineering, Procurement, and Construction (EPC) contract with Chinese company Sinoma Overseas Development to build a 6,000 TPD [tonnes per day] clinker cement plant in Al-Muthanna Province. The project, valued at over $240 million, aims to address the local cement supply […]
By John Lee. The Iraqi Prime Minister has ordered a consultative meeting to be held between the Ministry of Electricity and the General Secretariat of the Council of Ministers regarding the Al-Khairat Thermal Power Plant. According to a statement from the Prime Minister's Office, the focus of the meeting is on resolving financing issues related […]
By John Lee. Iraq's National Data Center, in collaboration with the National Insurance Company, has introduced a digital marine insurance service through the Ur electronic portal. According to the Iraqi Cabinet, the platform enables customers to obtain marine insurance policies quickly and securely. The service offers three types of insurance policies based on institutional conditions […]
By John Lee. SACE the state-owned Italian insurance and financial group, which specialise in supporting Italian companies and the national economy, has entered an agreement with the Trade Bank of Iraq (TBI) to support the development of the private sector in Iraq by promoting Made in Italy exports to the country, with a total value […]
By John Lee. The Iraqi Cabinet has approved several measures related to the Development Road project. These include authorizing the Ministry of Transport to contract with the US consulting firm Oliver Wyman for advisory services, bypassing government contract execution rules. The project is exempt from certain investment project registration requirements. The investment company will reimburse […]
By John Lee. Iraq's National Investment Commission (NIC) has hosted a joint meeting with the Ministries of Industry and Minerals and Electricity to discuss the technical proposal for establishing a turbine maintenance workshop. The proposal was presented by the French engineering company "Warmer" [IBN believes it to be Wamar Engineering], along with its Iraqi partner, […]
By John Lee. Canada's Three Sixty Solar has announced the signing of a Memorandum of Understanding (MOU) for the sourcing, fabrication, implementation, and distribution of vertical solar tower systems within the Middle East, North Africa, and Turkey. The company signed the MOU with a consortium of partners including Infraforward Strategies (US), Tareeq Al-Ahmadi Company (Iraq), […]
The International Finance Corporation (IFC), part of the World Bank Group, is supporting Sama Al-Manar and Manar FZCO, subsidiaries of Türkiye-based Tiryaki Agro, in developing a new state-of-the-art agro-industrial complex in Iraq's Umm Qasr Port, including a soybean crushing plant and warehouses, which will help bolster food security, create jobs, and diversify the country's economy […]
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 Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, has met with Sheikh Hazar Al-Zibari, Chairman of Hazar Group, which is the Iraqi partner of the Turkish YDA Holdings . During their meeting, Sheikh Al-Zibari discussed various projects that the group intends to implement in Iraq, including residential city […]
Mobile phone operator Asiacell has selected UK-based MCP Insight to provide their anti-fraud and compliance monitoring solutions for Asiacell's Value Added Services and Direct Carrier Billing services. MCP will be working closely with IQ Services, the Carrier's internal Master Aggregator, who manage all merchants offering services on Asiacell's network. MCP's combined Scanner and Shield solutions […]
By John Lee. New Delhi-based Bharat Heavy Electricals Limited (BHEL) has won an order to supply a news compressor to Baiji Refinery in Iraq. The order, placed by the North Refineries Company (NRC), envisages design, engineering, manufacturing and supply of electric motor driven Recycle Gas Centrifugal compressor and will be executed by BHEL's International Operations […]
