By John Lee. Iraqi Airways has renewed its partnership agreement with IT service provider SITA, to modernize its passenger handling systems and stay aligned with technological advancements. Following directives from the Minister of Transport, Razzaq Muhaibis Al-Saadawi, the national carrier will implement the SITA Flex Hybrid system to enhance passenger experience and service efficiency. The […]
By John Lee. The Ministry of Transport has announced the first Iraqi Airways flight to Tunisia aboard a modern Airbus A220, marking the national carrier's newest destination. This inaugural flight from Baghdad to Tunis is set to be followed by scheduled routes in the coming days. The development follows discussions between Iraq's Minister of Transport, […]
By John Lee. The Oil Exploration Company has started a 3D seismic survey of the Qayara oil field in Nineveh province, under a contract with Angola's Sonangol. General Manager Osama Raouf Hussein said the seventh seismic team is conducting the survey over an area of 135 square kilometers, with the work expected to take 150 […]
By John Lee. Prime Minister Mohammed Shia' Al Sudani inaugurated the Debes [Dibs] Gas Power Plant in Kirkuk via video link, marking the completion of a 320 MW facility that had been stalled since 2004. Restarted in late 2022, the project overcame significant legal, administrative, and logistical challenges, according to a statement from the Prime […]
By John Lee. The Iraqi Army Aviation Command celebrated the delivery of seven Bell 505 helicopters from the United States, in a ceremony attended by representatives of the Commander-in-Chief of the Armed Forces, the Air Force Commander, senior Defense Ministry officers, the U.S. military attaché, and a Bell company representative. This delivery is part of […]
By John Lee. The Iraqi Cabinet has approved key components of the Development Road project, focusing on the rehabilitation and expansion of railways. The project, with an estimated cost of 3.932 trillion dinars [$3 billion], will be included in the Ministry of Transport's 2024 investment budget, funded through a mix of budgetary allocations and loans. […]
By John Lee. The Iraq Securities Commission (ISC) has published its report for Q2 2024. The report includes detailed analyses of financial market performance, economic growth indicators, and a comprehensive assessment of the challenges and opportunities facing the financial sector during this period. The commission said it aims to enhance transparency and provide essential information […]
By John Lee. The Iraqi Cabinet has approved "final protective measures" for domestically produced urea fertilizer. According to a Ministry of Industry and Minerals document dated August 4, 2024, the import price for Di-ammonium Phosphate (DAP) fertilizer will be set at 800,000 dinars ($610) per ton and for urea fertilizer at 550,000 dinars per ton. […]
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, chaired a supervisory committee meeting on the restructuring of the state-owned Rafidain Bank. Attendees included committee members from the Ministry of Finance, advisors to the Prime Minister, senior Central Bank officials, and representatives from Ernst & Young. The meeting reviewed […]
By John Lee. In support of the national project for producing commercial zero flour, the Iraqi government has approved the local sale of wheat to licensed public and private mills at prices equivalent to the import price of similar wheat delivered to Umm Qasr Port. This move aims to enhance local flour production and reduce […]
By John Lee. The Iraqi Oil Pipelines Company has rehabilitated the six-inch fuel oil pipeline extending from the "June 1" depot to the Kirkuk Cement Plant in Lilan, southeast of Kirkuk. According to a statement from the Ministry of Oil, the pipeline, inactive for over three years, is now fully operational. Ali Abdul Kareem Al-Moussawi, […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, has announced the restart of the first unit of the Doura Gas Power Plant at the Midland Refineries Company (MRC), generating 18 MW of electricity to support the national grid. Efforts are ongoing to complete the second unit, which will add a similar capacity. The […]
