By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Due to the historical heritage Thi Qar province enjoys, which goes to thousands of years back and admired by many countries around the world, the need for building the Nasriya International Airport is of great importance in order to […]
Archive | Iraq Transportation News
Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
Iraq Container Terminal (ICT) has handled 2m TEUs
By John Lee. The Iraq Container Terminal (ICT) at Umm Qasr Port has reportedly handled container traffic of two million twenty-foot equivalent units (TEUs) since operations started less than nine years ago. According to Hellenic Shipping News, the joint venture between UAE-based Gulftainer and the General Company for Ports of Iraq (GCPI) started operations at […]
Tags: featured, GCPI, General Company of Iraqi Ports, Gulftainer, Iraq Container Terminal (ICT), mn, Ports, Umm Qasr, Umm Qasr Port, United Arab Emirates (UAE)
Possible Iraq-Iran-Syria Rail Line
By Editor on 16th April 2019 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Transportation News
By John Lee. Iraq, Iran and Syria are reportedly planning to build a railway connecting the three countries. According to media reports, Salib al-Hussaini, the head of the Iraqi Railway Company, has announced a tripartite summit to discuss the project. (Source: Prensa Latina) (Picture credit: Christian Lindgren)
ICTSI to Increase Capacity at Umm Qasr Port
By John Lee. Philippines-based International Terminal Container Services Inc. (ICTSI) has reportedly allocated additional funds for capacity expansion at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. Rafael Consing, ICTSI chief financial officer, is quoted by the Philippine Daily Inquirer as saying that this year’s capex budget of $380 million will be […]
Tags: Basra Gateway Terminal (BGT), featured, International Container Terminal Services Inc (ICTSI), mn, Philippines, Ports, Umm Qasr, Umm Qasr Port
Iraq gives Iranians Visas Free of Charge
By Editor on 3rd April 2019 in Iraq Industry & Trade News, Iraq Transportation News, Leisure and Tourism in Iraq
Iraq on Monday began issuing entry visa for Iranians free of charge in a reciprocal move under a deal reached three weeks ago. As of Monday, Iranians travelling to Iraq could obtain visa free of charge. The Iraqi cabinet of ministers said the decision that took effect on April 1 has been made as a […]
New Iraq-Saudi Border Crossing to be Hi-Tech
By Editor on 1st April 2019 in Iraq Industry & Trade News, Iraq Transportation News, Leisure and Tourism in Iraq
By John Lee. The General Company for Land Transport (GCLT) has held a meeting with its Saudi Arabian counterpart to discuss the opening of the Arar border crossing between the two countries. According to a statement from Iraq’s Ministry of Transport, the participants stressed the importance of the new border facility for commercial trade and […]
Tags: Arar, borders, featured, General Company for Land Transportation (GCLT), mn, religious tourism, Saudi Arabia
Will Iraq lose Shatt al-Arab to Iran?
By Editor on 29th March 2019 in Iraq Industry & Trade News, Iraq Transportation News, Politics, Security
By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Will Iraq lose its benefits from Shatt al-Arab River to Iran? Iranian President Hassan Rouhani visited Baghdad March 11 to endorse the two countries’ renewed commitment to the 1975 […]
Uber Acquires Careem to Expand in Middle East
By John Lee. Ride-sharing services Uber, from the United States, and Careem of Dubai, have reached an agreement for Uber to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash. The acquisition of Careem is subject to applicable regulatory approvals. The transaction is expected to close in […]
Chinese company “to build Monorail in Najaf”
By John Lee. Najaf Investment Commission has reportedly signed an initial agreement with a Hong Kong-based company to build a monorail for the city. According to Xinhua, the head of the commission said: “The project will provide an accessible and fast transportation way to the people of the city as well as all tourists.” (Source: […]
Iraqi Airways Launches Munich Service
By John Lee. Iraqi Airways has commenced flights from Baghdad to Munich, Germany. The Minister of Transport, Abdullah Laibi, headed the delegation on the first flight. The flights are scheduled to run on Sundays. (Source: Ministry of Transport)
MP Hails Easing of Visa Restrictions between Iran, Iraq
The chairman of the Iranian Parliament’s National Security and Foreign Policy Commission hailed an agreement to ease visa restrictions between the Islamic Republic and Iraq as a major achievement of President Hassan Rouhani’s visit to the Arab country. “The president’s visit to Iraq after the withdrawal of Daesh (ISIS or ISIL) from the country and […]
At least 93 killed in Ferry Sinking in Mosul
By John Lee. A ferry on Tigris River near Mosul sank on Thursday afternoon, leaving at least 93 dead. According to Xinhua, the ferry capsized because of “high water levels” while crossing from the bank of the river to a small tourist island called Um al Rabeein. It cites a civil defense source as saying […]