The Latest Iraq Transport News – oil exports, fuel oil, Jordan and more – brought to you by Iraq Business News
By John Lee. The Information and Communications Technology Association of Jordan (Int@j) has reportedly signed a memorandum of understanding with Jordan's Iraqi Business Council (IBC), to strengthen cooperation between the two sides and support efforts to find new markets for their member companies. According to the state-run Petra News Agency, the two sides will seek […]
By John Lee. Jordan's Talal Abu-Ghazaleh for Technology (TAGTech), a member of Talal Abu-Ghazaleh Global (TAG.Global), has signed an agreement with the Iraqi Al Hassnawi Company to build a new factory for TAGTech's technological products in Iraq. The agreement was signed by Mr. Ala Zarour, TAGTech technical executive director, and Mr. Adil Okab, Al Hassnawi […]
By John Lee. The National Bank of Iraq (NBI) has opened its first branch in Saudi Arabia. The bank, which is a subsidiary of Jordan's Capital Bank Group, said the new branch in Riyadh will encourage and facilitate trade between Iraq and Saudi Arabia. In June 2022, Capital Bank Group took in the Saudi Public […]
By John Lee. Telecom Egypt and Orange Jordan have reportedly announced an agreement to connect Iraq's telecommunications system to Europe through Jordan and Egypt. According to Zawya, the new system will be known as the "Cairo Amman Baghdad System (CAB System)." It is planned to be operational in the current quarter. (Source: Zawya)
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A confused and confusing decision by the Council of Ministers-CoM followed by an imprecise statement from the Ministry of Oil-MoO regarding Iraq-Jordan/ Basra-Aqaba Oil Pipeline-BAOP project had ignited a new wave of […]
By John Lee. The Iraqi Prime Minister has announced that the Ministry of Electricity is to be renamed the "Ministry of Electricity and Alternative Energy". At a press conference in Baghdad, Mustafa al-Kadhimi (pictured) said it is unreasonable to build gas power stations when there is not enough gas available, so the new ministry will […]
By John Lee. Iraq and Jordan are to appoint a consultant to draw up terms of reference and other documentation for the new "economic city project" to be established along their joint border. Following a meeting of the Iraqi-Jordanian Company for Industry in Amman on Wednesday, which was attended by the Jordanian Minister of Industry, […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. PM Kadhimi under fire as Iraq debates new oil pipeline to Jordan Since taking office in May 2020, Iraqi Prime Minister Mustafa Al-Kadhimi has placed the activation of an oil pipeline to Jordan […]
By John Lee. Jordan's Al Tanmiya Steel has completed the sale of its Iraqi steel operations for $195 million. Al Tanmiya had full ownership of the Iraqi Al Anmaa for Construction Materials Production, which operates a steel plant (pictured) in Khor Al-Zubair, Basra. Al Anmaa has been bought by Alghad Almutkamel for General Trading and […]
By John Lee. Iraq's oil ministry has said that future of the long-delayed oil export pipeline from Iraq to the Jordanian port of Aqaba will be decided by the next government. The country has still not formed a new government following parliamentary elections in October. At a press conference at the weekend, the Ministry of […]
By John Lee. The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet authorised the Ministry of Finance to negotiate and initialize a draft agreement for the avoidance of double taxation and the prevention of tax evasion on income and capital, between Iraq and Jordan, […]
By John Lee. Royal Jordanian Airlines and the National Bank of Iraq (NBI) have sealed an agreement to introduce the first co-branded credit card in Iraq under RJ's frequent flyer program "Royal Club". This co-branded credit card allows its holders the opportunity to earn additional miles on each payment when using the bank's credit card, […]
