Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on Monday with an International Finance Corporation (IFC) delegation, alongside the Minister of Transportation and key advisors, to review progress on the Baghdad International Airport Development Project. Discussions focused on implementing IFC-established criteria for selecting a leading global firm to oversee the airport's […]
By John Lee. The Iraqi Cabinet has blocked a proposal to provide a sovereign guarantee for a rail project. A statement issued on Thursday evening through the Media Office of the Prime Minister stated: "Based on the investigation results issued by the investigative team of the Commission of Integrity regarding the partnership contract concluded between […]
By John Lee. The US State Department issued its 2024 Investment Climate Statement for Iraq earlier this year. The report covers the following key areas: Openness To, and Restrictions Upon, Foreign Investment Bilateral Investment and Taxation Treaties Legal Regime Industrial Policies Protection of Property Rights Financial Sector State-Owned Enterprises Responsible Business Conduct Corruption Political and Security Environment […]
By John Lee. Greece's Aegean Airlines has announced a new direct route between Athens Airport to Erbil International Airport in Iraqi Kurdistan. Flights will commence on 23rd February and operate twice a week, every Wednesday and Sunday. (Source: Aegean Airlines)
By John Lee. Iraq's Cabinet has approved the South Gas Company (SGC) to oversee the establishment of a fixed platform for importing liquefied gas. The company has been granted the following responsibilities: Coordination with Iraqi Ports Authority: Identify platform and gas storage locations, define specifications, and negotiate preparatory works including excavation, landfilling, and berth construction. […]
By John Lee. Iraq's National Data Center, in collaboration with the National Insurance Company, has introduced a digital marine insurance service through the Ur electronic portal. According to the Iraqi Cabinet, the platform enables customers to obtain marine insurance policies quickly and securely. The service offers three types of insurance policies based on institutional conditions […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met on Friday with a delegation from Consultrans, a Madrid-based company specialising in railway projects; Consultrans is part of the Imathia Group. The Prime Minister emphasized the importance of Spanish companies investing in Iraq, highlighting the confidence Iraqi authorities have in Spanish firms, as reflected in […]
By John Lee. As part of its oversight of airport and air navigation management and services, Iraq's Council of Ministers has approved the following: Separating the management of Iraqi airports from the State Company for Airports and Air Navigation and affiliating them with the Ministry of Transportation, to be under the level of a directorate […]
By John Lee. Turkish Transport Minister Abdulkadir Uraloglu (pictured) has reportedly said that the Turkish leg of the Development Road Project, connecting Asia and Europe through Turkey and Iraq, will cost $19.9 billion. Anadolu Agency quotes him as saying that the railway component will amount to $17.9 billion, and involve the construction of 1,028 miles […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met the Turkish Minister of Trade, Mr. Omer Bolat, in Baghdad on Monday. The Minister is visiting Iraq with a delegation of approximately 150 businesspeople from the Turkish Exporters Assembly and the Turkish Contractors Association. The visit includes stops in Baghdad and Basra as part of a […]
By John Lee. A senior Spanish official has said that Spain is cooperating with Iraq to extend the railway from Basra to Egypt's Sharm El-Sheikh. State-run Iraqi News Agency (INA) quotes Alicia Rocío Varela Donoso, Director General of International Trade and Investment for Spain, as saying: "There are very good companies in the field of […]
By John Lee. Singapore-based Pacific International Lines (PIL) is launching a new weekly feeder service between Jebel Ali in UAE and Umm Qasr in Iraq, with the aim of strengthening its coverage and connectivity in the Middle East. Known as the Iraq Feeder Service (IQF), the company says the new route will complement PIL's flagship […]
