The latest news from Iraq – oil, gas, business and more – brought to you by Iraq Business News
FlyDubai’s chief executive CEO, Ghaith Al Ghaith, has said the airline is considering starting up services to Iraq."Iraq is definitely on our radar" and that the country is "currently underserved" he said. The chief executive of Qatar Airways has also said it was looking at expanding to multiple cities in the war-scarred country. If the […]
The Romanian government has offered the Iraqi Ministry of Higher Education 10 graduate scholarships. “There are three scholarships to earn a masters degree, and seven to earn the doctorate grade,” the Ministry said in a release on Sunday received by Aswat al-Iraq news agency. It explained that the scholarships embrace the fields of biotechnology, medical […]
The Zain Group announced today that the management of its Iraq operation, Zain Iraq, will henceforth fall under the direct supervision of the Group's Chief Executive, Nabeel Bin Salamah. The former Zain Iraq CEO, Ali Al-Dahwi, has been appointed special advisor on Iraq for the Zain Group. The Zain Group explained that the move was […]
The Iraqi ports of Umm Qasr and Abu Falous continue to receive a steady flow of merchant ships carrying varied cargos. Ships from Panama, the United States, Liberia, Iran and the United Arab Emirates have recently arrived containing various cargoes including pipes, iron, fuel and cement. Mr. Iain Blake, Senior Broker at Anglo Arab Insurance […]
The Iraqi aviation sector is experiencing a surge of demand and is making strides in the development of its infrastructure, fleet and services. “This is an exciting period in the re-establishment of the Iraqi aviation industry,” observes William Wakeham, Managing Director of Anglo Arab Insurance Brokers. Iraq’s Ministry of transportation has recently announced (on March […]
This month (March 2010), investment permits have been awarded to several projects in Baghdad including companies working in the fields of housing, tourism and hotels. “Eight investment permits have been given to a number of companies. Housing projects were given a priority,” the Investment Commission in Baghdad said in a statement received by Aswat al-Iraq […]
In Vienna for an OPEC meeting last week, Shahristani said Baghdad would participate in OPEC agreements to curb oil supply when output reached 4 million bpd, some 8 million bpd short of Iraq's envisaged target.
Iraq's Transport Minister said that the ministry is trying to accelerate the delivery of 55 new aircraft from Boeing as the country expands operations of its state-controlled Iraqi Airways.
Turkey strengthened its energy ties with Iraq by renewing a contract to import Iraqi oil to the Turkish Mediterranean Sea port of Ceyhan, where Azerbaijani oil also arrives via the Baku-Tbilisi-Ceyhan pipeline.
Iraq wants to form joint ventures with foreign investors to overhaul some 240 idle factories around the country
It has been an exciting few weeks in Kuwait where the Government approved a $104bn development plan - the proximity and historic links to Basra where similar high impact developments in the oil and gas sector are starting, promises to create economic heat in the North of the Gulf.
The Central Bank of Iraq is planning to rebase the Iraqi dinar but hasn't decided yet on the timing of the move, the bank said in a statement last week. Affirms its commitment to its strategic projects, particularly knocking three zeroes from the Iraqi dinar," the statement said. "Despite the technical and logistical preparations for […]
