The latest news on Turkey – Iraq business – air Industry, infrastructure & more – brought to you by Iraq Business News
Overview Levels of violence have been rising in Iraq over the past four weeks. The increase has been gradual, but consistent and last week saw more than 40 attacks reported countrywide for the first time since mid-December. Recent days have seen a particularly concerning rise in militant activity and social tensions in the northern city […]
The Iraqi Communications Ministry has signed a preliminary agreement with the Saudi company STC to link Iraq to Turkey and Saudi Arabia by an optical cable system. Official ministry spokesman Samir Ali Hassoun told AKnews that this initial agreement determines the financial aspects of the deal. The Ministry of Communications has been working for a […]
Wassit Provincial Council met with a number of Turkish firms on Sunday to discuss possible investment ventures in the province, according to the chairman of its information committee. The projects are in the fields of sanitation, water networks and "urban communities", Sondos al-Dhahabi told Aswat al-Iraq news agency. “The designs of four new cities in […]
A member of Najaf provincial council announced on Friday that Turkish Airlines will run four flights a week between Istanbul and Najaf airport, increasing to seven flight s a week from next month when services to five other Iraqi airports will begin. Abdul Hussein Abtan told AKnews that the civil aviation authorities in Iraq and […]
Baghdad municipality has signed a contract with a Turkish company, Akdneiz, to clean up the city while statistical figures show high unemployment rates. According to the contract, the districts of Karkh, Rusafa and Karrada [Karadah] in central Baghdad will be cleaned up by Akdeniz for a period of one year. Iraq's Central Statistics Agency (CSA) […]
The Turkish Foreign Minister, Ahmet Davutoglu, met the Iraqi Parliament Speaker, Osama al-Nujaifi, in Baghdad on Sunday and congratulated him on his election as the Parliament Speaker. Davutoglu said he was pleased over the developments in Iraq and underlined that, "we will be pleased to see inclusion of Iraq to a free trade zone among […]
Turkey's education minister, Niemat Jobokjo, expressed the desire to help develop Kurdistan's educational sector, he said during a visit to the province. The Turkish minister visited many schools in Erbil, praising educational levels there, and said she wants to develop exchange visits and joint workshops. She was accompanied by Turkish lawmakers and educational officials. (Source: […]
AKnews reportedon Saturday, that "Eash Bank" from Turkey claims to open two branches in Erbil and Baghdad in the coming three months. Iraq Business News believes it sthe bank to be İş Bankasi. According to Jihan News Agency, the Bank Director Arsean Awzanja said there is a possibility to open four branches in Iraq. Awzanja […]
The Turkish alBaraka Bank will open its branch in Erbil, the Kurdistan Region’s capital, in early January, according to a report from AKnews. According to the information leaked to the agency's correspondent, the bank’s officials have completed the formal application through the Central Bank of Iraq (CBI), and have informed the Kurdistan officials of the […]
The Kurdistan Region’s Minister for Commerce and Industry has said that a new Turkish- Iraqi border crossing point is needed to reduce the traffic at the Ibrahim Khalil [Ibrahim al Khalil] gate, according to AKnews. The Ibrahim Khalil crossing (pictured) is the only official route connecting the Kurdistan Region to Turkey, and hundreds of trucks […]
We reported last week on the multi-billion dollar tender process to re-build Sadr City in Baghdad; we can now report that the contract has been won by a consortium of Turkish companies. The project involves the construction of a modern city of 75,000 housing units to accommodate up to 600,000 people, and the group offered […]
According to a report from Reuters, Turkish clothing and beer are hot sellers in the streets of Erbil, the capital of Iraq's Kurdish north, while in the South, Iranian cars roam the streets of Basra and Iranian pilgrims flock to Iraq's holy sites. Sunni Ankara and Shi'ite Tehran, old rivals turned friends, are vying for […]
