Erbil International Airport has welcomed the decision of the US Federal Aviation Authority (FAA) to lift its ban on commercial planes from the US flying into Kurdistan. The ban, imposed in 1996, for safety and security reasons has been in place for 16 years. The decision will benefit private jets, and cargo services in particular. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th November 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,623 / $1,755 (+0.6%) (weekly change). The number of week traded shares was 16.6bn and the weekly trading volume was ID24.1bn ($20.1mn). ISX Company Announcements […]
Under the auspices of the Strategic Framework Agreement, the Governments of the United States of America and the Republic of Iraq reaffirmed their commitment to an enduring strategic partnership during the second meeting of the Defense and Security Joint Coordination Committee on December 5-6, 2012 in Baghdad. The meetings held at the Iraqi Ministry of […]
By Qassim Khidhir Hamad. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. There has been an ongoing conflict between Iraqi Kurdistan and the rest of Iraq. But the representative of a major Shiite Muslim political party says […]
By John Lee. A U.S. Marine could face a maximum of 20 years in custody for accepting $150,000 in bribes from contractors while stationed in Iraq. Associated Press reports that 36-year-old Staff Sgt. Gilbert Mendez, who worked as a contracting officer at Camp Fallujah in 2006 and 2007, pleaded guilty on Thursday to conspiring to […]
By John Lee. Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, today announced the start of services to Basra, its third destination in Iraq. Inaugural flight G90377 landed in Basra international airport today at 09:15 commencing the start of service to the Iraqi City. The carrier offers […]
After a research trip to an oil field in east Iraq, Ruba Husari, a British citizen of Palestinian descent, took a detour to visit a site she had wanted to see for some time. When she arrived it was barren, but the spot marked the exact geographic intersection of a latitude and longitude point -- […]
By John Lee. Iraq’s refining capacity will increase from its current level of 600,000 bpd to 750,000 bpd next year, said Oil Ministry Undersecretary Ahmad al-Shamaa. But according to the report from Azzaman, the surge will still fall short of meeting the country’s domestic needs, with some of Iraq’s major refineries producing much less than […]
By John Lee. His Excellency Prime Minister Nouri Kamil Al-Maliki met in his office, the Secretary-General of the United Nations, Mr. Ban Ki-moon. During the meeting, the Prime Minister praised the role of the United Nations, for supporting Iraq in various conditions and on the cooperation between the two sides. He also praised the efforts […]
By John Lee. Swiss luxury watchmaker TAG Heuer plans to open its first store in Iraq by either 2013 or 2014, company President and CEO Jean-Christophe Babin told Gulf News in an interview. Gulf News: You have opened a boutique in Iran and planning one for Iraq and Kurdistan. How much growth do you expect […]
By John Lee. The Iraqi Government and Lufthansa Consulting continue their successful collaboration to establish international standards for the country’s future aviation development: During the recent Iraqi-German Business Forum in Berlin, the Governor of the Nineveh Governorate, H.E. Athil Abdulazeez Al Najafi, and Lufthansa Consulting signed a Memorandum of Understanding regarding the development of Mosul […]
By John Lee. Iraqi Airways has taken delivery of its first Airbus A330-200, the first Airbus widebody aircraft to be operated by the airline, which already has two A321 aircraft. Accommodating a two-class configuration of 24 business and 264 economy seats, the aircraft is powered by GE CF6-80 engines and will be deployed on European […]
