Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
The Iranian car manufacturer IKCO plans to expand its overseas sales in the Middle East, while boosting exports to Iraq has already increased the company's market share in that country by 30 percent. Models such as the Samand, Peugeot 405, 206 and Roa are the most popular for export to Iraq, mainly as police cars […]
Audi Volkswagen Middle East has expanded its dealer network in the region by announcing National Automotive Trading Co, a Moin Behbahani Group company, as the official dealer for the Audi and Volkswagen brands in Iraq. Construction of the Audi and Volkswagen showrooms and service facilities, located in Erbil/Kurdistan, are currently underway and are scheduled to […]
Bahrain-headquartered Sabre Travel Network Middle East (STNME), the world's leading provider of high performance travel solutions, is expanding its presence in the Middle East by partnering with Kanoo Travel to become the first Global Distribution System (GDS) operating within Iraq. Kanoo Travel, presently the largest travel agency group within the Middle East and one of […]
The director of Iraqi Ports announced on Monday that 120 companies would participate in the development of Iraq's ports, indicating that most of the berths will be offered on the basis of joint operation contracts between Ministry of Transport and global companies. It's expected that 120 companies, including Mazda, Siemens, Volkswagen and Audi, will invest […]
The third stage of the development of Maytham al-Tamar Street in central Karbala was started on Thursday, according to the province’s reconstruction & strategic planning committee. “The project’s third stage, which is launched at a total cost of 20.304 billion Iraqi dinars [$17m], is expected to ease the traffic congestion at the entrance of city, […]
The State Company for Iraqi Ports signed an agreement on Thursday with German company Marlog to operate Dock 8 at Khour al-Zubeir [Khor al-Zubair]. The agreement includes the right to operate the dock for seven years. Incorporated in 1974 as a limited company in Düsseldorf, Germany, Marlog-LBG Logistics became a member of the IQ-Martrade Group […]
Kuwait News Agency (KUNA) reports that permission has been granted for a $250 million [300 billion Iraqi dinars] investment to build a business village near Baghdad international airport, provided that it is completed within 5 years. The agency quotes the 'Iraqi Babylon Investment Authority', which we believe to be the Baghdad Investment Commission. Chairman of […]
Sharjah-based port operator Gulftainer has announced that it has opened berth 8 at Umm Qasr port in Iraq, according to a report from MEED. In September, the firm expects to introduce two mobile harbour cranes designed to handle all forms of cargo, that will ensure high efficiency at the berth. In February, the firm won […]
Iraq's Transport Minister, Shirwan al-Waeli [al-Waili], met with the deputy president of DP World (formerly Dubai Ports Authority) on Monday in Basra, to discuss signing a deal between Iraqi and Dubai ports, according to Aswat al-Iraq news agency. “Talks between the two sides tackled steps to implement the deal between the two sides,” said Anmar […]
A source in the Iraqi Ports Company said on Monday that Acting Transport Minister and Minister of Oil, Hussein al-Shahristani, visited several ports in Basra in a surprising visit on Sunday evening, while the security forces seized a number of smuggled cars in one of the ports in the province. "Oil Minister, Hussein al-Shahristani, arrived […]
After more than 20 years, Saudi Arabia will restore aviation links with Iraq - the first flight from Jeddah to Baghdad will be by the Kingdom's privately owned Alwafeer Air on Thursday. Alwafeer Air will initially operate a weekly flight from Jeddah to Baghdad and two flights a week from Jeddah to Basra, said Saleh […]
One of the fastest growing business jet destinations wasn't much more than a smoking hole a few years ago but Baghdad is back. According to BusinessWeek, Lufthansa will start scheduled service next week and Royal Jet, which operates 11 corporate aircraft is reporting brisk business carrying oil executives and other business leaders to the calmer […]
