Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
By John Lee. A joint bid by Baghdad-based Fourth Dimension and British company Copperchase has reportedly won a $125m contract to develop and expand Najaf International Airport. According to Zawya, the airport currently handles 20 flights a day servicing Iran, Jordan, Lebanon, Turkey, Kuwait, India and Bahrain; this number can rise to 45 on religious […]
By John Lee. The Emir of Kuwait has signed into law the financial settlement reached with Iraq regarding Kuwait Airways. Iraq's Ministry of Foreign Affairs says that law firms in Britain have been told to drop all proceedings against Iraqi Airways and Iraqi properties. Under this settlement, Iraq will pay $500 million as final compensation to […]
By Saleh Elias. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Mosul train station is empty after years of neglect. But local authorities say they want to revive railways here. It’s a sign of better conditions […]
By John Lee. According to the general secretary of the Iraqi Cabinet, Ali al-Allaq, Iraq will not pay compensation to Kuwait Airways for a debt dispute before Kuwait drops legal claims against Iraqi Airways. Under an agreement reached in March, the two countries decided that Kuwait would abandon all lawsuits against Iraqi Airways in return […]
Low-cost airline Air Arabia has announced the launch of services to Erbil, its second destination in Iraq. Flights to the Iraqi city will commence on October 14th, marking Air Arabia’s 76th destination worldwide. The carrier will offer four weekly services between Sharjah and Erbil. On Mondays, Fridays and Sundays, flights depart from Sharjah International Airport […]
By John Lee. The Trade Bank of Iraq (TBI) has announced that it is purchasing two Airbus passenger planes from Germany at the cost of $86 million. The Bank's Chairman, Mrs. Hamdiya al-Jaff, told NINA that the planes, each capable of carrying 200 passengers, were made in 2009 and have not been put into service since […]
By John Lee. Iraq signed a $14-million deal with a U.S. consortium on Tuesday to modernise the Maqal Port on Shatt al-Arab waterway. The consortium, led by North America Western Asia Holdings (NAWAH), will invest in a new heavy-lift crane as well as container handling capabilities, and will build a modern container yard in one […]
Prime Minister Nechirvan Barzani today hosted a groundbreaking ceremony for a new international airport in Duhok. Duhok International Airport will be the third airport in the Kurdistan Region. After its completion in 2015, travellers will have direct international access to each of the Region’s three provinces. Speaking at the event, the Prime Minister highlighted the […]
By John Lee. Bahrain’s state-owned carrier, Gulf Air, has resumed flights to Najaf after a gap of more than a year, according to Bloomberg. The carrier plans to operate four weekly flights to the city. A report from AFP that Najaf decided to ban Gulf Air planes from landing, as a sign of “solidarity with […]
By John Lee. Doha-based Qatar Airways is to operate four flights a week to Najaf, according to Arabian Aerospace. The company will use an Airbus A320 with 12 seats in Business Class and 132 in Economy. Chief Executive Officer Akbar Al Baker said: “Iraq is proving to be an important market for Qatar Airways; we […]
By John Lee. Air Arabia is to launch services to Erbil from 14th October, according to a report from Arabian Aerospace. The company will offer four weekly services between Sharjah and Erbil: On Mondays, Fridays and Sundays, flights depart from Sharjah International Airport at 07:00 and arrive in Erbil International Airport at 09:00. Return flights […]
By John Lee. The regional head of motorcycle maker Harley-Davidson has told told Arabian Business that the company is planning to boost its dealerships in the Middle Eastern countries including Libya and Iraq. “The new showroom in Doha opened its doors just over a month ago, and the new Abu Dhabi and Algeria showrooms will […]
