Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
By John Lee. Prime Minister Mohammed Shia al-Sudani inaugurated the Cordoba Bridge in Al-Bab Al-Sharqi, central Baghdad, on Wednesday evening, one of the projects aimed at alleviating traffic congestion in the capital. During the inauguration, he commended the efforts of the Ministry of Reconstruction, Housing, and Municipalities, along with their personnel who worked to achieve […]
By John Lee. AD Ports Group has announced that it has entered into a preliminary agreement with the General Company for Ports of Iraq (GCPI). Under the terms of the agreement, both parties will establish a joint venture to develop Al-Faw Grand Port and its economic zone, as well as any future expansion. The agreement […]
By John Lee. Iraq's Ministry of Transport has announced what it described as "significantly increased revenues" for three of its wholly-owned businesss in 2023, compared to the previous year: The General Company for Maritime Transport: The company recorded profits 45.7 billion dinars [$34.9 million] in 2023, up from 37.4 billion dinars in 2022; The General […]
By John Lee. The Iraqi Cabinet has approved recommendations from a consultative meeting aimed at addressing traffic congestion and regulating working hours for state departments. The key measures are: Adjusted Office Hours: Official working hours for government departments in Baghdad will be trialed for three months after Eid al-Fitr, with reevaluation afterward. Different start and […]
By John Lee. Iraq's Ministry of Transport has said it will add 50 new locomotives to its rail fleet, in addition to repairing all existing locomotives and bringing them back into service. The maintenance and rehabilitation work will be carried out at facilities including Al-Shalchiya maintenance facility in Baghdad, Samawah (Middle Euphrates Railways), Beiji (Eastern […]
By John Lee. The Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, has chaired the sixth meeting of the Supreme Committee for Reconstruction and Investment this week, discussing service and residential investment opportunities in various governorates. At the meeting, approval was given for a request from the National Investment Commission (NIC) to establish an iron and steel […]
By John Lee. Oman-based low-cost airline SalamAir has opened a new office in Baghdad. His Excellency Hamed Ahmed Eidroos, Ambassador of Oman in Iraq, attended the event at the Al Asal Building, 14th Ramadan St. Al Mansour district, and highlighted the historic significance of SalamAir's arrival in Baghdad. After a 20-year hiatus in direct flights […]
By Harith Hasan, for Carnegie Middle East Center. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Development Road: Geopolitics, Rentierism, and Border Connectivity Iraq's Development Road project aims to create an Iraqi transborder transportation network connecting the Persian Gulf with Türkiye. This […]
By John Lee. On Wednesday, March 13, 2024, Deputy Prime Minister and Foreign Minister Fuad Hussein, received the Austrian Ambassador to Iraq Andrea Nasi, at the Ministry's headquarters. The meeting discussed aspects of joint cooperation and means of enhancing relations, in addition to, highlighting the outcomes of the Minister's visit to Vienna at the end […]
By John Lee. Emirati low-cost airline Air Arabia has announced the launch of its new route from Sharjah to Basra in Iraq. The new direct flights will connect Sharjah International Airport to Basra International Airport with a frequency of three flights per week starting from June 03, 2024 Schedule to Basra, effective June 03, 2024 […]
By John Lee. Iraq has taken delivery of a new crane barge, the "Shanashil". Speaking at an inauguration ceremony held at Umm Qasr Port in Basra province, Oil Minister Hayan Abdul Ghani highlighted the significance of this initiative, aimed at supporting national capabilities in managing and maintaining oil ports. He said the new vessel will, […]
By John Lee. Iraq's Deputy Prime Minister for Energy Affairs and Oil Minister has launched Iraq's latest oil tanker, the Akkad. Speaking at the event, Minister Hayan Abdul Ghani emphasized the Ministry's commitment to bolstering the Iraqi Oil Tankers Company (IOTC) with new vessels. The new tanker has a capacity of 32,000 tons, and measures […]
