Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
An appeal by the Iraqi government against Kuwait Airways' (KAC) claim over the theft of its aircraft during the Iraqi invasion of Kuwait has been summarily dismissed by a Canadian court of appeal, Arabian Aerospace has reported. Last year, KAC seized Iraqi Airways and the State of Iraq interests in an order of new aircraft […]
The Iraqi Transport Ministry said on Sunday evening that the national rail company loses 72 billion Iraqi Dinars ($62m) each year due to high payroll expenditure and low annual revenues of less than 12bn Iraqi Dinars ($10m). Speaking to AKnews, the General Director of the Iraqi National Rail Company, Jawad al-Kharasani, complained that the network’s […]
The head of the Arab Gulf Studies Center in Basra University said on Monday that the center will hold a seminar to discuss the economic feasibility of the planned Faw port to be built in the Ras al-Bayshah area of Basra province. The center's director, Jassim Ghali Roumi, told AKnews that the seminar commissioned by […]
Greek charter carrier Viking Hellas has teamed up with a consortium of German and Iraqi investors to launch a new joint venture in Iraq called Viking Middle East. Viking Hellas already operates a number of services between its Athens base and destinations in Iraq, and according to the report from Flight Global is planning to […]
Iraq has allocated $100m [117 billion Iraqi dinars] for the purchase of nine ships, said a source at the state-run Maritime Transport Company. According to Azzaman, the source said the ships will be mainly used for the import of foodstuffs to the country. The ships will have a capacity of 15,000 to 20,000 tons each, […]
Royal Dutch Shell may build its own dock in Iraq's Shatt al-Arab waterway to speed up delivery of heavy equipment to its supergiant Majnoon oilfield, according to a report from Reuters. The head of the General Company of Iraqi Ports, Salah Kudhair, told the agency that it had given initial approval to a proposal from […]
In another sign of Iraq's continued, swift, steady progress, Iraq's ports reported record profits exceeding 46bn dinars, according to Aknews. This is an increase of 10% compared to last year. Anmar al Safi, a director of the Iraqi Ports Public Company, said: "The rate of cargo dump increased 100,000 tonnes from 2009." No doubt shipping imports and profits will […]
Following on from our listing on Monday of the main cabinet positions, we present a more complete line-up below, compiled from information sourced from Iraq Oil Report and Reuters. The official website of the Iraq cabinet has not published the official list, and has chosen instead to lead with an article about the importation of […]
Iraq’s Transportation Ministry said on Tuesday that Iraq has decided to sell all its aircraft parked at airports in Jordan, Tunisia and Iran by the former Ba'athist regime. “The Transportation Ministry has got the approval of the Council of Ministers to sell all its aircrafts, parked in Jordan, Tunisia and Iran, possessed by the Iraqi […]
Direct flights between Iraq and China will commence in January, according to a report from AKnews. Ziya Qurayshi, an advisor to Nouri al-Maliki, told the agency that the two countries have agreed to re-open the route after completing all the official and technical procedures. The economic embargo imposed on Iraq in 1990s due to the […]
Southern Iraq’s Grand Faw Port project, recently approved by the Council of Ministers, will provide employment opportunities for 150,000, according to the National Coalition on Sunday. “The Grand Faw Terminal, approved by the Council of Ministers in 2004, is considered one of the most important projects that can achieve revenues in billions of dollars for […]
The Egyptian Consul General to Kurdistan Region, Suleiman Othman, said that flights between Egypt and the Region will commence in December, and passengers to Egypt can get their visas in Erbil. In an interview with AKnews on Monday, the consul said that Nile Air will launch Cairo-Erbil and Sulaimaniya-Cairo routes. "This step will definitely improve […]
