Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
By John Lee. Basra Gateway Terminal (BGT) announced on Thursday that its operations at the Port of Umm Qasr are now fully operational. BGT chief executive Phillip Marsham said in a statement: “We are attracting plenty of interest from container lines and have enjoyed a good pace of cargo buildup since we opened the doors […]
By John Lee. Iraqi Transport Minister Baqr Jabr Al-Zubeidi (pictured) has said that Iraq is considering seeking foreign investors to fund the multi-billion-dollar Grand Faw [Grand Fao] port project. Emirates 24/7 quotes the Minister as saying that the transport ministry is unable to execute the $6-billion (7-trillion-Iraqi-dinar) project, and is considering awarding the project "on […]
By John Lee. Several airlines have suspended flights to Baghdad on Tuesday after bullets hit an airplane as it was landing at Baghdad International Airport. Reuters reports that two passengers were slightly injured when three or four bullets hit the body of a flydubai plane carrying 154 passengers on Monday evening. It was not known […]
By John Lee. Kuwait's Al-Nasriyah Company has signed an agreement to build a new airport in Diwaniya. The $1.35-billion airport will be operated by the company under the 45-year contract. Following the signing ceremony, the Governor of Diwaniya, Ammar Al-Madani, said the airport will cover an area of seven dunams (roughly 17,500 sq. m.) in […]
By John Lee. Iraq Duty Free has reported a 16 percent increase in sales in 2014, despite the security crisis that forced the operation’s closure between June and September. The company, which operates the duty free business at Baghdad International Airport, attributed the growth to "renovation of points of sales, increased retail space and modern […]
By Patrick Schmidt. Atlasjet, a Turkish airline, recently announced that it would be unable to fly to destinations in Iraq. This issue began January 1 and is still ongoing. The airline currently flies to the cities of Erbil and Sulaymaniyah. Some of the company leadership has travelled to Baghdad to meet with Iraqi officials about […]
By Patrick Schmidt. After a meeting between Iraqi and Iranian officials, an agreement has been reached to connect the two countries’ rail systems. The project calls for Iraq to lay 32 kilometers of track to the city of Basra from the Iranian border. Iranian officials claim that the link would allow Iraqis access to Central […]
By John Lee. A total of 12 foreign firms are reported to be bidding for the operation of the first civilian airport in Dhi Qar province. The governor of Dhi Qar, Yeha Al Nasiri, said on Sunday that the contract to run the new airport in Nasiriyah would be awarded within the next three months. […]
By John Lee. A new civilian airport in Karbala province has been approved, according to a report from Alsumaria News. The Imam Hussein Airport project is to be funded by the Imam Hussein Holy Shrine Authority. It will be constructed in three phases and will have a capacity of 15-20 million passengers a year. It […]
By John Lee. Emirates resumed its twice-weekly passenger flights to Erbil on Sunday. The route is erved by an Airbus A330-200 aircraft in a 3-class configuration. The service will increase to four weekly flights from 4th December 2014. Sheikh Majid Al Mualla, Emirates Divisional Senior Vice President Commercial Operations, said: “We have been closely monitoring […]
KRG Deputy Prime Minister Qubad Talabani inaugurated the Cargo Village at Suleimani International Airport with the laying of a foundation stone for a new terminal. The ceremony was attended by several Kurdistan Regional Government Ministers, the Governor of Suleimani, other government officials and business people. Deputy Prime Minister Talabani highlighted aviation as an essential backbone […]
By John Lee. Iraq has received a second shipment of two new trains from China. Of the ten units ordered, this brings the total delivered to four, with the balance to be delivered by the end of the year. The total value of the contract is $138 million (161 billion Iraqi dinars). Chairman of the […]
