The Latest Iraq Transport News – oil exports, fuel oil, Jordan and more – brought to you by Iraq Business News
By John Lee. The National Bank of Iraq (IBN) has seen an increase in net income after tax of 29 percent for quarter to the end of Septermber, compared with the same period in 2021. Parent company Capital Bank Group, based in Jordan, said net income after tax reached JD11.1 million [USD 15.7 million] by […]
Talal Abu-Ghazaleh Global (TAG.Global) has signed a Memorandum of Understanding (MoU) with 'Bayt Al-Hikmah (House of Wisdom) for Training and Human Development' to jointly cooperate in the fields of training and consulting in Iraq. The Memorandum was signed by TAG.Global Iraq Office Executive Director, Mr. Hamza Arabiyat, and CEO of Iraq's Bayt Al-Hikma, Mr. Hisham […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi and the Prime Minister of Jordan, Bisher Al-Khasawneh, have laid the foundation stone for the Iraqi-Jordanian electricity interconnector. Al-Kadhimi said the project will help secure the exchange of energy between the two countries, and reflects the policy of openness and cooperation adopted by this government. On the […]
By John Lee. Iraq has re-started the export of crude oil by road to Jordan. Jordanian Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh (pictured), announced on Monday that loading had commenced at Kirkuk, instead of the previous site at Baiji. The memorandum of understanding (MoU), which was signed on 28th January 2021, has […]
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 […]
