By John Lee. During a visit to Basra, the Iranian Transport Minister, Abbas Akhwandi, has signed a Memorandum of Understanding (MoU) with the Governor of Basra, Majid al-Nasrawi, to lift sunken ships in the Shaat al-Arab waterway. According to a report from AIN, the two also laid the corner stone for a railway project linking […]
By John Lee. BasNews reports that Kurdistan's Ministry of Peshmerga and the Italian Consulate in Erbil are planning to cooperate on the construction of a hospital for wounded Peshmerga in Erbil. Peshmerga Minister Mustafa Said Qadir met with the Italian Consul Carmelo Ficarra and two Italian companies on Sunday to discuss the project, and a […]
By John Lee. A new privately-owned Iraqi airline carrier is expected to start international flights by July. Deputy Transport Minister Bangen Rekani told Bloomberg that FlyBaghdad, owned by Iraqi investors, will operate two Airbus Group NV A320 narrow-body planes and a Bombardier Inc. CRJ-200 regional jet. Start-up costs of are estimated at $25 million to $30 […]
By John Lee. The managing director of the National Iranian Gas Company (NIGC) has said it is possible for Iran to export natural gas to Kuwait through Iraq. Hamid Reza Araqi was quoted as saying that the pipeline which is being built to export gas to Iraq could be used for this purpose also. Iran […]
By John Lee. Iraq's Transport Minister has said that companies from the UAE, Iran, Turkey and China have offered to invest $7.4 billion dollars (8.6 trillion Iraqi dinars) for the development of the Grand Faw (Grand Fao) port project. Baqir Al Zubeidi told al-Forat news agency that the investment would cover the construction of quays […]
Keeping Iraq “polio free”: New immunization campaign targets 5.8 million children A five day nationwide polio immunization campaign targeting 5.8 million children under five years of age in Iraq will commence Sunday 12 April and will be marked by launch events on 12 April in Baghdad, organized by the Ministry of Health Iraq, and on […]
By Shelly Kittleson for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The road to the front line runs close to the Syrian border, through Yazidi towns once occupied by the Islamic State (IS) and bombarded by airstrikes. Peshmerga fighters allied with various other […]
By John Lee. O3b Networks announced a multi-year agreement to provide trunking services to UAE-based Meosat, an internet service provider to the oil and gas industry. The new capacity is intended to serve oil industry clients in southern Iraq. (Source: Telecompaper)
By John Lee. Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra and Kirkuk crude oil for May. It has also issued separate prices for its new Basra Heavy grade, giving a significant discount to the more desireable Basra Light, but Reuters cites industry sources as saying that shipments […]
By John Lee. Iraq's Ministry of Electricity, in coordination with the National Investment Commission (NIC), have announced an investment opportunity to construct three solar power stations and one wind power station. The plants will capacity of between 5 and 10 MW, and be situated in Diwaniya, Najaf and Missan (Maysan) provinces: Diwaniya: A solar power […]
By John Lee. Four former Blackwater guards have been given long prison sentences over the killing of 14 Iraqi civilians in Baghdad's Nisoor Square in 2007. Nicholas Slatten received a life sentence for first-degree murder, while Paul Slough, Evan Liberty and Dustin Heard were all sentenced to 30 years on multiple counts of manslaughter, attempted […]
The United Nations agency mandated with protecting heritage sites worldwide today denounced further destruction at the archaeological site of Nimrud in Iraq, calling the deliberate damage of culture a "war crime" and pledging to do everything possible to fight it. "I condemn this mad, destructive act that accentuates the horror of the situation. It confirms […]
