Iraqi Airways' First Kuwait Flights since 1990
By John Lee. Reuters reports that Iraqi Airways will resume flights to Kuwait on Saturday for the first time since the invasion in 1990. In December, Kuwait Airways dropped legal cases against Iraqi Airways in return for compensation of $500 million. However, Kuwait's state-run airline has not resumed flights to Iraq. Iraqi Airways flies to regional […]
Iraq Tackles Health Care Reform
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Health is engaged in a study regarding the possibility of enacting a health care law, which is supposed to be the cornerstone of Iraq's plan to improve […]
Lufthansa Consulting Builds Business in Iraq
By John Lee. Lufthansa Consulting is pursuing at least 10 percent annual sales growth as clients such as Iraq, which is reviving its airline, tap into the German carrier’s experience in safety and infrastructure. Dr Andreas Jahnke, head of Lufthansa Consulting, told Bloomberg: "There are lots of opportunities for us helping clients set up a new business […]
Versar gets $4.4m Iraq Contract Extension
Construction and engineering company Versar has announced that the United States Army Corps of Engineers, Middle East District (USACE-MED) has exercised an option year for Versar's ongoing Personal Services and Support contract in Iraq. The option year has a ceiling not to exceed a value of $4.4 million and the period of performance runs through […]
Zebari, Beecroft, Discuss Iraq-US Relations
By John Lee. Hoshyar Zebari, Minister of Foreign Affairs, has held a meeting with Robert Stephen Beecroft, U.S. Ambassador to Iraq. During the meeting, the two sides reviewed developments of the political process in the country and Iraqi-U.S. relations as part of the Strategic Cooperation Agreement between the two countries. The two sides discussed arrangements […]
The PM's Amazing Disappearing Website
It's probably fair to say that Prime Minister Nouri al-Maliki has a lot on his mind at the moment, with the continuation of protests against his rule, the ongoing difficulties with Iraqi Kurdistan regarding oil contracts, and a rising death toll due to terrorist violence. Seen in the context of these challenges, the question of […]
Alstom Signs $1.5bn Monorail Contract
By John Lee. French firm Alstom has reportedly signed a $1.5-billion deal with the Iraqi authorities the for the design and construction of a monorail system in Baghdad. Azzaman reports that the contract was signed by Baghdad Governor Salah Abdulrazzaq and Alstom representatives in the Iraqi capital. “The aim of the project is to ease […]
Air Arabia Launches Sharjah-Baghdad Service
By John Lee. Air Arabia has announced the launch of non-stop services to Baghdad, its fourth destination in Iraq, and 83rd worldwide. The inaugural flight G90361 will take off to the capital city on March 10, 2013. The low-cost pioneer will start three weekly services between Sharjah and Baghdad, which will be increased to five […]
Banque Libano-Française Opens Iraqi Branch
In line with its international expansion, Banque Libano-Française (BLF) has opened its first branch in Iraq. The BLF branch, located on the Outer Karrada main street in Baghdad, will serve Lebanese and Iraqi businessmen as well as international companies operating in this growing and dynamic market, which has traditionally been one of Lebanon’s main destinations […]
Iraq, Britain Form Joint Business Council
The Iraqi-British Joint ministerial Committee for Trade Cooperation held its first meeting in Baghdad on 12th February. The Iraqi side was headed by Foreign Minister Hoshyar Zebari, while the British side was headed by British Minister of State for Middle East Affairs, Alistair Burt, and attended by a number of senior officials and ministers from […]
Weekly Security Update
By Tom Walker, Director, Assaye Risk. (Please click on graphics to view.) COUNTRY OVERVIEW 08 and 11 February saw bombings in Mosul, Baghdad, Karbala and Shomali that resulted in the deaths of at least 38 people with a further approx 100 wounded, which followed a similar pattern of attacks from the previous week. There has […]
DNO Reports Record Profits
By John Lee. DNO International ASA, the Norwegian oil and gas company, has announced record 2012 net profit of NOK 1.04 billion on operating revenues of NOK 2.84 billion. Fourth quarter 2012 net profit was NOK 810 million on operating revenues of NOK 1.43 billion. Shares in the company closed 2.8 percent higher on Tuesday. […]