Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
Tunisair announced two direct flights per week to Kurdistan at the first Tunisia – Kurdistan Economic Forum hosted by the KRG in Erbil. Tunisian government officials, representatives of more than 50 companies, as well as journalists were among the delegation aboard the first Tunisair flight to arrive in Kurdistan. At the well-attended forum, KRG Minister […]
By John Lee. Nawah Port Management (NPM) has reportedly won approval from the Iraqi government to import food cargo at its Basra port container terminal. Nicholas Kunesh, NPM’s president and CEO, said: “This is an important moment for Basra and Iraq writ large. Given Iraq’s growing disposable income, particularly within the expanding middle class, demand […]
By John Lee. Saudi citizens caught traveling to Iraq will face a fine of SR10,000 ($2,700) and a three-year travel ban, according to a report from Arab News. Col. Salman Al-Muhaya, director of the Saudi travel section at the Passport Department, said: “There are exceptional cases where Saudis may be allowed to travel ... based […]
By John Lee. Logistics company DHL Iraq has won the title of best employer organisation in the region, according to a study by human resources consulting firm Aon Hewitt. GulfNews reports that DHL Iraq performed well in terms of employee engagement, leadership effectiveness, branding, business performance, talent management effectiveness and diversity and inclusion. The study […]
UK-based EAME Consultants has announced its appointment as professional environmental adviser to Zubair Terminal Company SAL (ZTC), based in Beirut and Dubai. It was established to develop and operate a greenfield terminal project at the port of Khor al-Zubair in Iraq, in association with its strategic partners, Peel Ports Group (Portia Management Services Ltd), Beirut […]
By John Lee. Iraq is preparing to tender the $1.3bn contract to deliver the marine works component of the first phase of the new Grand Fao [Faw] Port. Project director Asaad Rashid told MEED's Arabian World Construction Summit (AWCS): “We are evaluating prequalification documents from about 18 consortiums ... We shall issue the shortlist for […]
ZSCo, the company in Iskandariya [Alexandria] (50 kilometers south-west of Baghdad) in which Iran Khodro (IKCO) cars are assembled, is now producing at a rate of 10 cars per hour, according to an announcement from IKCO. The company's CEO said: "[The] Geographical proximity of Iran and Iraq is considered as a noticeable advantage for IKCO […]
The Head of the KRG Department of Foreign Relations, Minister Falah Mustafa has received the Ambassador of the Republic of Tunisia, Mr. Samir Jamae Abdullah. The meeting revolved around ways of strengthening bilateral ties particularly in the areas of trade and economy. On his first visit to Kurdistan, Ambassador Abdullah praised the region’s economic development […]
Travelport, a "leading distribution services and e-commerce provider for the global travel industry", has announced the renewal of a multi-year distribution partnership with Rawat-Al Hajer for Travelport technology and services in Iraq. The renewal of the agreement comes after four successful years of partnership between Rawat-Al Hajer and Travelport. Through this period, Travelport has experienced rapid growth in […]
Iraq’s Finance Minister, HE Dr. Safauddin Mohammed Al Safi, and the Acting President of the Islamic Development Bank (IDB), Dr. Abdul Aziz Al Hinai (pictured), have signed an agreement for $217 million to fund the construction of Expressway No. 1, a major trade-corridor connecting Iraq to its neighbouring countries. The signing was attended by HE […]
By John Lee. The Philippines-based International Container Terminal Services Inc (ICTSI) said on Thursday that it signed a contract with General Company for Ports of Iraq, agreeing to operate, develop and expand the Port of Umm Qasr. In a stock exchange filing, the company said the contract grants it the right to manage and operate […]
By John Lee. The Deputy Transport Minister, Bangen Rekani, has told Bloomberg that Iraq will seek $2 billion in financing to cover part of the cost of the 40 jets it has on order from Boeing. Iraq ordered 30 737-800s in 2008, followed by 10 787-8 long-haul Dreamliners in 2009, and a single 777 in 2012 -- […]
