Milaha Launches First Ever Container Feeder Service Between Qatar and Iraq Milaha, a Qatar-based maritime transport and logistics conglomerate, has announced the launch of a direct container feeder service between Qatar and Iraq. The new service, which will be an expansion of the existing Qatar-Kuwait service that the company launched last year, will follow a […]
By John Lee. Qatar's Civil Aviation Authority (CAA) has announced steps towards cooperation in air transport with Iraq. The announcement came during a visit by Iraq's Minister of Transport, Kadhim Finjan Al Hammami, during which he met Qatar's Minister of Transport and Communications Jassim bin Saif Al Sulaiti and CAA Chairman Abdullah bin Nasser Turki Al […]
By John Lee. A new shipping route has been announced between Qatar and Iraq. Serving Hamad Port in Qatar and Umm Qasr Port in Iraq, the first ship set to arrive in Iraqi on 1st May. The announcement was made during the meeting between Ministers of Transport of the two countries. (Source: The Peninsula Qatar, […]
By John Lee. Qatar and Iraq have signed a Memorandum of Understanding (MoU) to enhance security co-operation between the two countries. According to Gulf Times the MoU aims to enhancing security co-operation, co-ordination, and the exchange of information and expertise between the two sides. It covers almost all areas including terrorism and its finance, combating […]
By John Lee. Qatar-based Ooredoo has announced that revenue at its Asiacell subsidiary in Iraq increased 6 percent to QAR 4.5 billion, while and EBITDA increased 3 percent to QAR 2.0 billion, for the year ended 31th December 2017. EBITDA margin was put at 44 percent. In a statement, the company said: "A key opportunity […]
The National Iranian Drilling Company (NIDC) is planning to participate in neighboring Iraq‘s drilling tenders. Speaking to reported on the sidelines of an oil show in Kish Island, on Tuesday, Sepehr Sepehri, NIDC managing director, said the company’s approach is to secure itself a toehold in global markets, adding NIDC is planning to participate in […]
By John Lee. Qatar Petroleum (QP) has confirmed that it plans to invest in Iraq’s upstream oil businesses. President and CEO Saad Sherida Al Kaabi (pictured) told reporters: “I have met personally with the Iraq’s Oil Minister (Jabar Al Luaibi) and have conveyed my interest in investing Iraq’s upstream business, and he welcomed that. “Iraq […]
By John Lee. Iraq has reportedly contracted Japan’s Toyo Engineering to help build a gas pipeline to Kuwait and a petrochemical plant as Baghdad. According to a report from Reuters, the move will help Iraq to reduce flaring and finish paying the reparations owed to Kuwait for the invasion in 1990. The project would allow […]
By John Lee. Asiacell Iraq has announced 4 percent growth in revenues from QAR 2.1 billion ($570 million) in H1 2016 to almost QAR 2.2 billion ($600 million) in H1 2017. The customer base increased 13 percent to reach more than 12 million customers in H1 2017. EBITDA decreased by 3 percent and stood at […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's prime minister has rejected Saudi and UAE media claims that a $500m ransom was paid by Qatar to Shia Muslim armed groups in Iraq to secure the release of 26 kidnapped Qatari […]
By John Lee. AINA reports that a large convoy of Iraqi Popular Mobilization Units (PMU) has been seen moving towards the Iraqi-Saudi border. This comes following increasing tensions between Saudi Arabia and Qatar; the Iraqi government has expressed support for Qatar in its conflict with Saudi Arabia. (Source: AINA)
By John Lee. Officials at Baghdad International Airport have reportedly intercepted a shipment of dollars and euros worth a total of $500m (£389m). Writing in The Independent, Patrick Cockburn claims the cash was contained in 23 large bags unloaded from a Qatari plane, and was intended as a ransom for 24 Qataris, several of them […]
