By John Lee. Bahrain-listed United Gulf Holding (UGH) has received approval from the Central Bank of Iraq (CBI) to buy a 51.8 percent stake in Bank of Baghdad. According to The National, the company will acquire the stake from Kuwait-based Burgan Bank. The stock-market announcement can be found here. (Sources: UGH, The National)
Tag Archives | Bahrain
Tags: Bahrain, Bank of Baghdad, Burgan Bank, Central Bank of Iraq (CBI), featured, Kuwait, mn, United Gulf Holding (UGH)
Gulf Air to Resume Flights to Erbil
By John Lee. Gulf Air, the national carrier of the Kingdom of Bahrain, has announced the resumption of its direct services between Bahrain and Erbil in Iraq; further strengthening the airline’s existing Iraqi routes of Baghdad and Najaf. The airline’s services to Erbil will commence on 02 February 2020, and will see Gulf Air’s three […]
Tags: air routes, Bahrain, DJ, Erbil International Airport, Erbil News, featured, Gulf Air, Kurdistan News, mn
National Contingency Plan to Tackle Oil Spills
Iraqi Government to Launch a National Contingency Plan to Tackle Oil Spill Incidents On 22 and 23 October 2017, Ministry of Oil, Ministry of Health and Environment and Ministry of Transport had discussions with the team of Japan International Cooperation Agency (JICA) in Basra to finalize Iraqi National Oil Spill Contingency Plan (NOSCP) in order […]
Tags: Bahrain, featured, Iraqi National Oil Spill Contingency Plan (NOSCP), Japan, Japan International Cooperation Agency, JICA, Jordan, Marine Environment Mutual Aid Centre (MEMAC)
Ahli raises Stake in Commercial Bank of Iraq
By John Lee. Bahrain’s largest lender has increased its stake in the Commercial Bank of Iraq, according to Gulf News. In a stock exchange statement, Ahli United Bank (AUB) said it had bought an additional 25 billion shares — equivalent to 10 percent of the shares — bringing its holding to 64.71 percent. (Source: GulfNews)
Widespread Iraqi Anger Threatens Saudi Ties
By Ali Mamouri, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In June, Saudi Arabia announced that it would reopen its embassy in Baghdad after a 25-year rift. Iraqi officials, including President Fuad Masum, had visited Riyadh on Nov. 12, 2014, paving the way for […]
Video: Saudi-Iran Row – Iraq Offers to Mediate
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is offering to mediate between Saudi Arabia and Iran to end their dispute, which began when Riyadh executed a prominent Shia cleric. This, along with Tehran’s alleged failure to protect Saudi Arabian […]
FlyBaghdad has eyes on Dubai, then Europe
Iraq’s youngest airline, FlyBaghdad, is in talks to start flying to Dubai and plans to launch European routes in early 2016, according to a report from Gulf News. The airline’s Regional Commercial Manager, Mohammad Abdali, told the news agency that the Iraqi-owned airline started domestic flights to Erbil, Sulaymaniyah, Najaf and Basra from its hub […]
Tags: air routes, Al Basra, Baghdad, Baghdad International Airport, Bahrain, dubai, Erbil News, featured, FlyBaghdad, Georgia, germany, Iran, Kuwait, Sulaymaniyah, Sweden, Turkey, UAE, United Arab Emirates, United Kingdom
Bahraini Firms Investing Heavily in Iraq
By Editor on 2nd May 2015 in Construction & Engineering In Iraq, Healthcare, Investment, Iraq Industry & Trade News
By John Lee. Bahraini businesses are investing heavily in Iraq, according to a report from Gulf Daily News (GDN). The country’s Ambassador to Iraq, Salah Al Malki [Salah Hassan Al-Maliki] (pictured), told GDN: “In recent years, due to an influx of pilgrims going to Iraq, we have seen a surge in the number of Bahraini […]
BBK Bank Considers Kurdistan
By John Lee. The Bank of Bahrain and Kuwait (BBK) has announced plans to open a branch in Kurdistan this year. Abdul-Karim Bujeery, CEO of the bank, said: “The expansion in Kurdistan Region will be the next step to the bank , if the study of market [leads] to positive results.“ The bank hsa appointed […]
Gulf Air Resumes Flights to Najaf
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 […]
Bahrain’s Gulf Air to Resume Service to Iraq
By John Lee. Gulf Air plans to restart flights to Iraq and Iran on 20th September after a break of 17 months. The airline, based in Sunni-ruled Bahrain, halted service to the Shiite-led countries at the height of anti-government unrest last year, during which at least 50 people were reported to have been killed. It said […]
Bahrain Group Freezes Ties with Iraq
Businessweek reports that an influential Bahraini business group has decided to freeze ties with Iran, Iraq and Lebanon in response to what it claims is foreign meddling during Shiite-led protests in the Gulf kingdom. According to the report, the move by the Bahrain Chamber of Commerce and Industry is likely to ratchet up tensions between […]
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