Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
By John Lee. Texas Aquatic Harvesting Inc., an aquatic vegetation removal company, is reportedly working on a $2-million (2.3 billion Iraqi dinar) deal with the Iraqi government for 10 tiger cutters. Tiger cutters are 21-foot-long vessels that clear waterways using a pair of blades affixed to their front to shred overgrown vegetation. The company employs […]
By John Lee. A report from the Financial Times claims that an Iraqi company has helped to Iran acquire nine large commercial aircraft, in defiance of international sanctions. According to the report, Iran's Mahan Air, which is blacklisted by the US and Europe because of alleged links to Iran’s revolutionary guard -- allegations denied by […]
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The war against terrorism and a decrease in oil prices resulted in Iraq running a deficit in its 2015 budget. This has been accompanied by tensions in Iraq and neighboring countries […]
Qatar Airways has has announced that it will double the frequency of flights to Basra and Najaf. There will be eight flights per week to Basra from 16th May, and 8 per week to Najaf from 2nd June. Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “Qatar Airways is committed to […]
By John Lee. Iraq is requesting the U.S. Export-Import Bank (Ex-Im Bank) to finance the purchase of 10 planes from Boeing. Finance Minister Hoshyar Zebari told reporters in Washington that the planes have already cost the government $500 million (600 billion Iraqi dinars). If the request is granted, Boeing would repay the money it has […]
Ministry of Transport has announce the investment opportunity of constructing the Major Port of Faw (Al Faw Grand Port) according to investment law No. 13 for the year 2006, amended and its regulations. DESCRIPTION Project location: Faw Peninsula, Abdullah Khor beach, South of Iraq Project total area: 40 thousand donum Port area: 54 KM² Designed […]
The Kurdish airline Zagros Jet has been granted permission to fly domestically within Iraq. According to a report from Ruday, this adds Bagdad, Sulaimaniya, Basra and Najaf to its list of destinations. The new service will start April 20 when the airline will begin offering six flights each week from Erbil to Baghdad. Moafaq Sherwani, […]
By John Lee. During a visit to Basra, the Iranian Transport Minister, Abbas Akhwandi, has signed a Memorandum of Understanding (MoU) with the Governor of Basra, Majid al-Nasrawi, to lift sunken ships in the Shaat al-Arab waterway. According to a report from AIN, the two also laid the corner stone for a railway project linking […]
By John Lee. A new privately-owned Iraqi airline carrier is expected to start international flights by July. Deputy Transport Minister Bangen Rekani told Bloomberg that FlyBaghdad, owned by Iraqi investors, will operate two Airbus Group NV A320 narrow-body planes and a Bombardier Inc. CRJ-200 regional jet. Start-up costs of are estimated at $25 million to $30 […]
By John Lee. Iraq's Transport Minister has said that companies from the UAE, Iran, Turkey and China have offered to invest $7.4 billion dollars (8.6 trillion Iraqi dinars) for the development of the Grand Faw (Grand Fao) port project. Baqir Al Zubeidi told al-Forat news agency that the investment would cover the construction of quays […]
By John Lee. Fund has reportedly been agreed for the new Imam Hussein Airport in Karbala. Emirates 24|7 cites local sources as saying that international firms will soon be invited to bid for the project. Land has already been allocated for the project, which Zuhair Abu Dakkah, a member of Karbala’s governing council, described as […]
By John Lee. Iraq has reportedly invited global investors to bid for its multi-billion-dollar Grand Faw port project. The Ministry of Transport put the project’s total cost at around $6.5 billion (7.6 trillion Iraqi dinars), adding that only "serious and financially able" companies can bid. The port has a planned capacity of around 99 million […]
