Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
By John Lee. Philippines-based International Terminal Container Services Inc. (ICTSI) has reportedly allocated additional funds for capacity expansion at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. Rafael Consing, ICTSI chief financial officer, is quoted by the Philippine Daily Inquirer as saying that this year’s capex budget of $380 million will be […]
Iraq on Monday began issuing entry visa for Iranians free of charge in a reciprocal move under a deal reached three weeks ago. As of Monday, Iranians travelling to Iraq could obtain visa free of charge. The Iraqi cabinet of ministers said the decision that took effect on April 1 has been made as a […]
By John Lee. The General Company for Land Transport (GCLT) has held a meeting with its Saudi Arabian counterpart to discuss the opening of the Arar border crossing between the two countries. According to a statement from Iraq's Ministry of Transport, the participants stressed the importance of the new border facility for commercial trade and […]
By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Will Iraq lose its benefits from Shatt al-Arab River to Iran? Iranian President Hassan Rouhani visited Baghdad March 11 to endorse the two countries’ renewed commitment to the 1975 […]
By John Lee. Ride-sharing services Uber, from the United States, and Careem of Dubai, have reached an agreement for Uber to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash. The acquisition of Careem is subject to applicable regulatory approvals. The transaction is expected to close in […]
By John Lee. Najaf Investment Commission has reportedly signed an initial agreement with a Hong Kong-based company to build a monorail for the city. According to Xinhua, the head of the commission said: "The project will provide an accessible and fast transportation way to the people of the city as well as all tourists." (Source: […]
By John Lee. Iraqi Airways has commenced flights from Baghdad to Munich, Germany. The Minister of Transport, Abdullah Laibi, headed the delegation on the first flight. The flights are scheduled to run on Sundays. (Source: Ministry of Transport)
The chairman of the Iranian Parliament’s National Security and Foreign Policy Commission hailed an agreement to ease visa restrictions between the Islamic Republic and Iraq as a major achievement of President Hassan Rouhani’s visit to the Arab country. “The president’s visit to Iraq after the withdrawal of Daesh (ISIS or ISIL) from the country and […]
By John Lee. A ferry on Tigris River near Mosul sank on Thursday afternoon, leaving at least 93 dead. According to Xinhua, the ferry capsized because of "high water levels" while crossing from the bank of the river to a small tourist island called Um al Rabeein. It cites a civil defense source as saying […]
By John Lee. A Turkish airline will start new services from Diyarbakir and Gaziantep to Erbil from 21st March. AnadoluJet, a subsidiary of Turkish Airlines, plans to offer three flights per week to each location. (Source: AnadoluJet)
By John Lee. The Iraqi Civil Aviation Authority (ICAA) has announced that it has banned all Boeing 737 MAX planes from its airspace. The move follows the crash of a 737 MAX in Ethiopia on Sunday, which killed 157 people, and another disaster involving that model of aircraft in Indonesia five months ago, which killed […]
The National Investment Commission (NIC) and the Iraqi Civil Aviation Authority (ICAA) have announced the investment opportunity to build Nasriya International Airport. The airport is located to the south–west of Imam Ali (PBUH) air force base in Thi Qar province. The area of the passengers terminal is 3000m². Interested foreign and local companies can apply […]
