By John Lee. The Ministry of Transport announced on Tuesday that international air traffic will resume transit operations through Iraqi airspace within 24 hours following high-level coordination meetings with regional and international aviation bodies. The ministry said the arrangements were coordinated with Saudi Arabia, Kuwait, Bahrain, the European Union and the International Air Transport Association […]
From the Iraq Britain Business Council (IBBC): Al-Rida Company Signs Agreement with Bahrain's Neo Company IBBC member Al-Rida Company has signed a strategic partnership agreement with Neo Company from Bahrain during a ceremony held in Baghdad. The agreement aims to enhance cooperation in investment and development projects between the two companies. IBBC was represented at […]
By John Lee. Qatar-based Ooredoo Group has partnered with France's Alcatel Submarine Networks (ASN) to build the Fibre in Gulf (FIG) submarine cable. The cable, connecting Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq, will have a capacity of up to 720Tbps with 24 fibre pairs. Ooredoo said in a statement that the […]
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, met with senior officials from Bahrain's Batelco to explore potential partnerships in telecommunications and undersea cables. The discussions focused on utilizing Iraq's strategic geographic location for international data transit, positioning the country as a key route for data traffic to Europe. Al-Yasiri emphasized Iraq's secure […]
By John Lee. Gulf Air, the national carrier of the Kingdom of Bahrain, has announced the resumption of its flights between Bahrain and Iraq. Chairman of Gulf Air Group, Mr. Zayed bin Rashid Al Zayani, welcomed the resumption of direct Gulf Air flights between Bahrain and Iraq, stating that it is an important step in […]
By John Lee. President of Iraq, Abdul Latif Jamal Rashid, welcomed four newly appointed ambassadors to Iraq at Salam Palace in Baghdad on Monday, April 29, 2024: Bahrain Ambassador Khalid Ahmed al-Mansour; Malta Ambassador George A. Said Zammit; Portugal Ambassador Fernando d'Orey; and Angola Ambassador Jose Martinez. Separate ceremonies were held earlier in the day […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Gulf Cup gives Iraq chance to draw closer to Arab neighbors Iraq is about to embark on a new chapter in its sporting history. From 6th-19th January, Basra will host the 25th edition […]
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi, at which it agreed to: Authorise the Ministry of Labour and Social Affairs to coordinate with the Ministry of Youth and Sports on the implementation of the National Project for Youth Employment Approve the financial […]
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)
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 […]
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 […]
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)
