By John Lee. Iraq's national lockdown in response to the coronavirus (COVID-19) pandemic has reportedly given a boost to local businesses. According to a report from AFP, local businesses no longer have to compete with imports from countries such as Turkey, Iran, China, Saudi Arabia, Jordan and Kuwait. It quotes the owner of an ice-cream […]
Tag Archives | Jordan
The Latest Iraq Transport News – oil exports, fuel oil, Jordan and more – brought to you by Iraq Business News
Tags: Basra News, China, coronavirus, covid19, featured, Imports, Iran, Jordan, Kuwait, lockdown, mn, Saudi Arabia, Turkey
Sharp Increase in Container Traffic via Aqaba to Iraq
By John Lee. Aqaba Container Terminal (ACT) has reported that its strategy to promote Aqaba as a gateway to Iraq and the wider Levant has delivered "a sharp increase in containers to Iraq (up 367% compared to previous year), and thus contributed to the positive results recorded for the past few months". The Founder and […]
Tags: Aqaba, Aqaba Container Terminal (ACT), DJ, featured, Jordan, mn, Nile International Freight Services, Ports
Iraq seeks bids for Iraq-Jordan Oil Pipeline
By John Lee. Iraq's Ministry of Oil has invited bids fto build the Iraq-Jordan oil pipeline. The first phase will be built on the Iraqi side, stretching 700 km from Rumaila to Haditha. This will have a capacity of 2.25 million barrels per day (bpd). This will be built on an engineering, procurement, construction and […]
Jordan Chosen as Neutral Venue for Iran Match
Iraq Football Association has proposed Jordan to host its 2022 World Cup and 2023 Asia Cup qualifiers, after FIFA requested an alternative venue because of ongoing protests, officials said Wednesday. Iraq had been due to play the two games in Basra — against Iran on November 14 and Bahrain on November 19— but the southern […]
Did US Road-Building in Iraq lead to more Violence?
From The Economist. Did American road-building in Iraq lead to more violence? Drivers called it the “highway through hell”. Attacks on the road linking Baghdad to Amman occurred so often in 2014 that truckers were paid three times the normal rate to haul goods along the artery. Gangs and militias were a constant threat. The […]
Iraq signs deal to Import Electricity from Gulf States
Iraq has signed a landmark deal with the Gulf Cooperation Council (GCC) for a power line to import 500 megawatts of electricity by 2020, local reports said on Sunday. According to the Iraqi Electricity Ministry, the 300-kilometre line will run from Kuwait to Iraq’s southern port of Faw and be financed by the GCC. Electricity […]
Tags: electricity imports, Electricity In Iraq, featured, GCC, Jordan, Kuwait, mn, Saudi Arabia, Turkey
Jordan's Exports to Iraq Fall by almost 11%
By John Lee. Exports from Jordan to Iraq have reportedly fallen by 10.6 percent compared with the same period last year. The news has shocked some in the Jordanian business community, especially after the signing of trade deals between the countries. (Source: The Jordan Times)
First Shipment of Iraqi Crude Oil to Jordan
By John Lee. The first shipment of Iraqi crude oil to Jordan under a new deal agreed in Februay has been sent on Sunday. According to a statement from the Jordanian Minstry Of Energy And Mineral Resources, the first trucks left from Baiji station in Kirkuk on Sunday, and are expected to reach the oil […]
Jordan Increases Exports to Iraq
By John Lee. Fifty-one Jordanian companies are expected to take part in the Baghdad International Fair in November. According to the Jordan Times, the Jordan Chamber of Industry (JCI) is aiming to build on the agreements signed between Jordan and Iraq, especially those signed during Prime Minister Omar Razzaz' recent visit to Baghdad. It adds […]
Video: New Iraqi Oil Pipeline via Jordan
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is planning to build a new oil pipeline to Jordan which it is banking on to revive revenue sources, after years of war and instability. In addition to expanding refineries and oil […]
Jordanian Firms keen to aid Digital Transformation in Iraq
By John Lee. On Wednesday 24 July, Khaled T. Kanaan, Chairman of the Jordan Iraqi Economic Association (JIEA), met with HE Mr. Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI). The meeting was a follow-up to the "Digital Transformation in Financial Sector Forum" held in Baghdad on 10 July, which was jointly […]
Tags: Central Bank of Iraq (CBI), digital commerce, featured, International Finance Corporation (IFC), Iraqi Private Banks League, Jordan, Jordanian-Iraqi Economic Association, mn, World Bank
Meeting recommends creation of Iraqi-Jordanian JVs
By John Lee. On Tuesday 23 July, Khaled T. Kanaan, Chairman of the Jordan Iraqi Economic Association (JIEA), met with Ali Senafi, Chairman of the Iraqi Contractors Federation, and who also holds the position of Chairman of the Arab Contractors Federation. Discussions revolved around methods for facilitating Jordanian and Iraqi contractors in executing projects in […]