By John Lee. The first of 36 Iraqi F-16's will shortly be shipped from Texas to the Iraqi air force, Lockheed Martin have announced. An official ceremony to mark the transfer of the jets will take place at Lockheed Martin's plant at Fort Worth, attended by Iraqi Ambassador to the US Lukman Faily. Iraq Business […]
By John Lee. Iraq has purchased 120,000 tons of rice from the United States, Uruguay and Vietnam, according to Business Recorder. At the closing of the Iraq State Grain Board tender, 30,000 tons of the rice had been acquired from the US, 30,000 tons had come from Vietnam and a further 60,000 tons came from Uruguay, […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has a long history of conflict and rapprochement between Sunni and Shiite clerics, which has played a major role in the sectarian conflict or cohesion among the country’s sects. This […]
By John Lee. DNO International ASA ("DNO"), the Norwegian oil and gas operator, today announced that production from the Tawke field in the Kurdistan region of Iraq reached 120,021 barrels of oil per day in May, the first time average monthly production has exceeded 100,000 barrel per day. May production was split 60-40 between local […]
If anyone doubts the fact that Iraq is changing, and for the better, just look at the top three headlines in our Newsletter this week: $7.8bn ‘Petrodollars’ Allocated for Development Iraq to Launch Satellite this Month Dubai Proposes Twinning with Erbil Of course there are still challenges to be overcome in the area of security, […]
By John Lee. The Iraqi cabinet has allocated $7.8 billion for development projects in oil-producing provinces, according to Al-Shorfa. The Minister of Planning Ali al-Shukri (pictured) said. "The amounts are allocated for various economic, social, and service development projects in the housing, education and energy sectors, and for environmental protection projects, treatment of environmental effects […]
By John Lee. APM Terminals, operator of Aqaba Container Terminal in Jordan, has announced plans to upgrade the supply chain capabilities of its subsidiary, Aqaba Logistics Village (ALV). to serve the growing demand from importers and exporters for more efficient logistics services. The IMF forecasts GDP for Iraq and Jordan combined at 8% annual growth […]
By John Lee. Zagrosjet Airlines is launching flights between Erbil and Larnaka, Cyprus. The airline will connect Larnaka with the city of Erbil in Iraq. The Larnaka-Erbil route will be performed once a week and will be operated with Airbus 320 and 321 type aircraft. Wes Porter, the Chief Executive Officer of Hermes Airports, which […]
President of the Entrepreneurs Union of Kurdistan, Samir Ismail Daizi, has announced that a delegation of entrepreneurs of the region will pay a visit in Tunisia in September 2014. During a Tunisian-Kurdish business forum held, Monday in Erbil, on the theme "opportunities of partnership and trade exchanges", Daizi said that the visit scheduled by the […]
The Federal Judicial Authority and the Embassy of United States of America held a meeting of the Iraq-U.S. Joint Coordination Committee (JCC) on Judicial and Law Enforcement Cooperation in Baghdad on June 3 and 4, 2014 as part of the Strategic Framework Agreement between the two countries. Chief Justice of Federal Judicial Authority in Iraq […]
By John Lee. The Ministry of Science and Technology announced that it will launch a satellite for research purposes on 20th June from a base in the north of Russia. Built in conjunction with La Sapienza University in Rome, the "Tigrisat" satellite (pictured) will also detect dust storms over Iraq. It weighs just 4 Kg […]
Tunisair announced two direct flights per week to Kurdistan at the first Tunisia – Kurdistan Economic Forum hosted by the KRG in Erbil. Tunisian government officials, representatives of more than 50 companies, as well as journalists were among the delegation aboard the first Tunisair flight to arrive in Kurdistan. At the well-attended forum, KRG Minister […]
