Al-Burhan Group has taken over the management of Baghdad International Airport Hotel in a joint partnership with the Iraqi Civil Aviation Authority (ICAA).

The hotel consists of 100 rooms, a fitness centre with sauna and steam room, the hotel also benefits from having a conference Centre, meeting rooms, exhibition space, large landscaped gardens and ample parking. The hotel has been operating for over a decade.

The hotel is in need of major refurbishment works both externally and internally, as well as to its structure. Al-Burhan Group started these works immediately on its managerial takeover on the 13th of October.

Al-Burhan Group plans to make the Baghdad International Airport Hotel a leading hotel within the airport in conjunction with its current facility the Al-Burhan Centre, located just a few minutes away the hotel will primarily house transit passengers, guests of government visiting Baghdad, and we hope in the near future, tourists. The airport will also be used for airlines at positioning overnight crews in Baghdad for their onward flights.

Speaking at a directors meeting, the Managing Director of ABG Mr. Imad Burhan expressed his pleasure in undertaking this new venture and of being given the opportunity to be able to make a positive change to the surroundings of Baghdad International Airport, thus confirming its position as a reliable leader in the hospitality sector.

(Source: Al-Burhan Group)

By John Lee.

Iraq has been ranked 172nd out of 190 countries in the World Bank‘s recent Doing Business 2020 report, down from 171st place the previous year.

Top of the list were New Zealand, Singapore and Hong Kong, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 127th, with Libya 186th.

Doing Business 2020 is the 17th in a series of annual studies investigating the regulations that enhance business activity and those that constrain it. It provides quantitative indicators covering 12 areas of the business environment in 190 economies.

The goal of the Doing Business series is to provide objective data for use by governments in designing sound business regulatory policies and to encourage research on the important dimensions of the regulatory environment for firms.

More details on the full report here.

65-page profile of Iraq here.

(Source: World Bank)

By Vera Mironova and Mohammed Hussein, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

With ongoing protests making other investors nervous, Moscow is charging ahead.

Despite ongoing protests in Baghdad, which have seen the departure of many foreign diplomats for security concerns, Russia has doubled down.

Not only has its embassy stayed open in the recent weeks of turmoil, but its foreign minister, Sergei Lavrov (pictured), also paid a visit last month, first touring Baghdad and then Erbil.

His tour did not look like a regular diplomatic mission. There were no official agreements signed; politics, Syria, and terrorism seemed like an afterthought; and diplomats were in the minority during the week’s events.

In fact, the majority of the participants were businesspeople, including representatives of such Russian oil and gas companies as Gazprom Neft, Rosneft, Soyuzneftegaz, and Lukoil.

Also in attendance were representatives of Technopromexport, a Russian company that builds energy facilities, and from Russia’s Federal Service of Military-Technical Cooperation.

Click here to read the full story.

See also:

China, Not Iran, Is the Power to Watch in Iraq

By John Lee.

Two companies have won contracts with the United Nations Office for Project Services (UNOPS) for the “Supply and Delivery of ICT Equipment for UNMAS Iraq“.

  • Lot 1 – Laptop Computers and Peripherals: Contract value of $32,320, awarded to Zero One Co. Ltd. 
  • Lot 2 – Apple Branded Tablets: Contract value of $10,130, awarded to Canon for General Trading Ltd Co.
  • Lot 3 – Tablets and Mobile Phones: Contract value of $4,920, awarded to Canon for General Trading Ltd Co. 

(Source: UNGM)

By Sundus Abbas, SDGs project Manager.

The importance of human development in Iraq stems from the damage Iraqis underwent as a result of decades of despotism, war and different forms of violence and insecurity.

Despite all that, Iraq’s strongest asset and real wealth remains the young population that can face all forms of the current and future challenges.

As one of the countries that has the largest young population groups in the world “50% of the population are under 19 years old”, this fact has put Iraq under pressure on already scarce economic resources, including food, water, urban infrastructure and public services.

It is expected that 5 to7 million additional job opportunities will be needed according to the Iraqi Ministry of Planning. This number may be higher if labor force participation rates increase, especially among women.

Click here to read the full story.

(Source: UNDP)