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 […]
By John Lee. Standard Chartered Bank hosted an information session on Monday for Korean businesses interested in investing in Iraq. At the one-day seminar held in Seoul, Gavin Wishart, CEO of Standard Chartered Bank Iraq, said that Iraq provides substantial opportunities for world-renowned Korean construction and engineering companies. He added that the Iraqi government is […]
By John Lee. Nawah Port Management (NPM) has reportedly won approval from the Iraqi government to import food cargo at its Basra port container terminal. Nicholas Kunesh, NPM’s president and CEO, said: “This is an important moment for Basra and Iraq writ large. Given Iraq’s growing disposable income, particularly within the expanding middle class, demand […]
By John Lee. Saudi citizens caught traveling to Iraq will face a fine of SR10,000 ($2,700) and a three-year travel ban, according to a report from Arab News. Col. Salman Al-Muhaya, director of the Saudi travel section at the Passport Department, said: “There are exceptional cases where Saudis may be allowed to travel ... based […]
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Nickolay Mladenov, has visited the Grand Ayatollah Ali al-Sistani (pictured) in his residence in Najaf. His Eminence and the SRSG discussed the recent elections and the post-electoral environment. His Eminence thanked the UN for its support to the IHEC and the election process, and […]
On 31 May, Gazprom Neft began production at the Badra oilfield in Iraq. The central gathering station (CGS) is currently undergoing complex testing of its crude oil processing system. Testing will be completed in three months once enough oil has been accumulated for commercial production to begin. The Badra field will then be ready to […]
