Tag Archives | General Company of Iraqi Ports

Iraq's Transport Minister visits AD Ports Group

By John Lee. Abu Dhabi's AD Ports Group this week welcomed an Iraqi delegation headed by His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq's Minister of Transport, alongside key figures and leaders in business, investment and development sectors. The focus was on a number of projects pivotal to international transport, logistics services, economic cooperation in the […]

Iraq to Waive Port Fees for Refinery Project

By John Lee. The Iraqi Cabinet has endorsed a recommendation for financing the Fluid Catalytic Cracking (FCC) project, which it says is contracted by the South Refineries Company (SRC) with a Japanese company. Iraq Business News understands this to be the Basra Refinery Development Project, which is to be built by Japan's JGC Corporation. The […]

Is Iraq's $17bn Road & Rail Mega-Project Feasible?

By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 'Route of Development': Is Iraq's $17 billion road and rail mega-project feasible? Iraq's 'Route of Development' ["Development Road"; "Dry Canal"] is ambitious, but an unstable political and security […]

$17bn "Development Road Project" Launched by Iraqi Govt

By John Lee. The government of Iraq announced more details this week on its plans to create a transport corridor between the Persian Gulf and the Mediterranean Sea coast in Turkey. The 1,200-kilometer "development road project", sometimes referred to as the "dry canal project", will link Iraq's Grand Faw port, which is still under construction, […]

Govt to Clamp Down on Corruption at Umm Qasr Port

By John Lee. The Prime Minister of Iraq, Mohammed S. Al-Sudani, has approved the recommendations of a committee investigating corruption in the Umm Qasr port. The committee found that private companies operating at the General Company for Iraqi Ports were charging additional fees not approved by the Ministry of Transportation, leading to increased prices for […]

Fmr Iraqi Transport Minister sentenced for Corruption

By John Lee. A former Iraqi Transport Minister has reportedly been sentenced to "maximum imprisonment" for corruption. According to The National, Kazem Al Hamami was sentenced in absentia, having been accused of tampering with contracts and tenders during his tenure as Minister from 2014 to 2018. The accusations related to a land deal involving the […]

Giant Nibras Petrochemical Project to be Revived

By John Lee. Iraq's giant Nibras (Nebras) petrochemical project looks set to be revived, according to a statement from the Iraqi government. The Cabinet made a number of decisions relating to the project this week, including: Setting the price of the gas used to operate the project at 1.5 dollars per million British thermal units […]

UAE-Iraq Agreement for Port and Logistics Development

Abu Dhabi-based AD Ports Group and Iraq's International Development Bank (IDB) have signed a Memorandum of Understanding to review opportunities for ports and logistics projects that could enhance trade flows between the UAE and Iraq. The agreement was signed by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, and […]