The Latest Iraq Transport News – oil exports, fuel oil, Jordan and more – brought to you by Iraq Business News
The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Amman from August 28–September 10, 2016 on the first review of Iraq’s 36-month $5.3-billion Stand-By Arrangement (SBA) approved by the IMF Executive Board on July 7, 2016. Mr. Christian Josz, Mission Chief for Iraq, issued the following statement: “The Iraqi […]
By John Lee. Iraq’s Ministry of Trade has banned the import of some food products and beverages from Jordon due to what it describes as “health and safety concerns.” Local media reports say the Ministry identified genetic modification and the excessive use of food additives as the reasons for the ban on some products. The […]
By John Lee. South Korea's Daewoong Pharmaceutical has signed a US$25-million contract with Ibn Cina Drug Stores to supply six products to Jordan and Iraq. According to the Korea Herald, the local partner will distribute: Ursa, for liver function improvement; Orlostar, for high blood pressure and hyperlipidemia; Easyef for diabetic foot ulcer; Daewoong pitavastatin calcium […]
By John Lee. Jordan has reported closed its borders with Syria and Iraq following the suicide bombing that killed six soldiers at a Jordanian army camp. The Jordanian government said that there won't be new refugee camps and that the existing ones won't be expanded. (Sources: ANSAmed, Newsweek)
By Simon Kent. Fahd Al Hammadi, Chairman of the Federation of Arab Contractors, has called upon more Arab businessmen and entrepreneurs to engage in the reconstruction of Iraq. At a conference in Amman over the weekend, Hammadi noted, “Currently, there are opportunities for investing in projects worth around $22 billion in Iraq in infrastructure and […]
By Simon Kent. Iraq is set to reopen its border with Jordan near the town of Rutbah, a remote settlement over 200km from Baghdad that was liberated from ISIS control last week. Around 200 militants were thought to have been present in the town, with most fleeing and some fighting to the death. When the […]
By Simon Kent. Iraq has made another plea to the Jordanian government to send Raghad Hussein, daughter of the late dictator Saddam, to Baghdad and face justice for crimes against humanity. The Iraqi government also accuses Raghad of financing terror, and she has made a number of statements against Iraqi governments since 2003. The terror […]
By Simon Kent. Iraqi forces have retaken a remote town on the road to Jordan, 360km from Baghdad in the south west part of Anbar. Anbar is a Sunni majority, mostly desert province home to the towns of Fallujah and Ramadi. The fall of the town to the so called Islamic State in 2014 was […]
By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] visited Egypt and headed a delegation to attend the Tripartite Meeting of the oil Ministers of Iraq, Egypt and Jordan to complete the discussions about the oil and gas transportation pipeline. He signed a memorandum of understanding with the Egyptian minister of petroleum and […]
By John Lee. Petra reports that the Jordanian Minister of Energy and Mineral Resources, Ibrahim Saif, will meet his Egyptian and Iraqi counterparts in Cairo on Tuesday to discuss developments regarding the Basra-Aqaba pipeline project. The project, agreed by the three countries in Amman in November 2015, will see oil and gas pipeline running from […]
By John Lee. The China Petroleum Pipeline (CPP) and private company Mass Global have reportedly formed a consortium to build an $18-billion export pipeline from Basra to the Jordanian Red-Sea port of Aqaba (pictured). Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] told Reuters: “The two companies will submit their investment offer to the oil […]
By John Lee. Reuters reports that the Iraqi Football Association (IFA) has pledged its support for Jordan's Prince Ali Bin Al Hussein (pictured) in next month's FIFA presidential election. IFA president Abdul Khaliq Masood said: "We have decided that Iraq's vote will go to Prince Ali because Prince Ali has always supported the development of […]
