Home
The Deputy Transport Minister, Bangen Rekani, has told Bloomberg that Iraq will seek $2 billion in financing to cover part of the cost of the 40 jets it has on order from Boeing.
Iraq ordered 30 737-800s in 2008, followed by 10 787-8 long-haul Dreamliners in 2009, and a single 777 in 2012 — three planes have been delivered to date and two more are due in the coming weeks. The total value of the deal is reported to be $5 billion at current list prices.
The Deputy Minister added that Citigroup will be invited to advise on the plan, and a committee drawn from Iraq’s transport and finance ministries, Central Bank and Iraqi Airways, has been formed to negotiate the funding.
The U.S. Export-Import Bank (Ex-Im Bank) facility is expected to be in the range of $1.5 billion to $2 billion.
Iraqi Airways also has a letter of intent to purchase five CS300 CSeries narrow-bodies from Bombardier, worth $387 million at list prices, plus 11 options that would take the value to $1.26 billion.
“We need a lot of funds,” Rekani said. “We’re in a race to complete the maximum number of projects in a short time.”
[You must be registered and logged in to see this link.]
Iraq ordered 30 737-800s in 2008, followed by 10 787-8 long-haul Dreamliners in 2009, and a single 777 in 2012 — three planes have been delivered to date and two more are due in the coming weeks. The total value of the deal is reported to be $5 billion at current list prices.
The Deputy Minister added that Citigroup will be invited to advise on the plan, and a committee drawn from Iraq’s transport and finance ministries, Central Bank and Iraqi Airways, has been formed to negotiate the funding.
The U.S. Export-Import Bank (Ex-Im Bank) facility is expected to be in the range of $1.5 billion to $2 billion.
Iraqi Airways also has a letter of intent to purchase five CS300 CSeries narrow-bodies from Bombardier, worth $387 million at list prices, plus 11 options that would take the value to $1.26 billion.
“We need a lot of funds,” Rekani said. “We’re in a race to complete the maximum number of projects in a short time.”
[You must be registered and logged in to see this link.]
» Oil resources and political conflicts: the parties’ race to control Kirkuk’s wealth
» Obelisk Clock: Waste in ports exceeds “theft of the century”
» Al-Hakim: The countries of the region want to invest in Iraq
» Electricity fees exhaust farmers and drain 20% of their production costs
» The Ministry of Interior warns against harboring and employing violators of the foreigners’ residenc
» The National Bank of Iraq building was attacked by a bomb east of Baghdad
» It enters illegally and increases the unemployment rate.. Warnings about “foreign workers” in Iraq
» A parliamentary committee reveals two reasons preventing the resumption of oil exports to Türkiye
» A representative considered it a “scandal”... Sudanese agreed to supply Kurdistan with 720 tons of g
» Parliamentary Resources: Difficulty in resuming oil exports through Türkiye
» The position of Speaker of Parliament raises political division
» Soon.. voting on amending the law on the foundations of equivalency of certificates
» Iraqi workers celebrate their International Day
» Iraq exports to America more than 4 million barrels of oil
» “Quadruple Summit” regarding the “Development Road” project
» Oil and white products
» Specialists call for monitoring and regulating the entry of foreign workers
» Al-Sudani: Iraq will witness a revolution of projects to invest in water wealth
» Launching funding for the salaries of civilian and military retirees for the month of May
» Parliament reveals Erdogan's position on Iraq's water shares: He did not give clear approval
» Finance launches funding for the salaries of civil and military retirees for the month of May
» It may lead to "dividing the region"... revealing an imminent announcement to postpone the Kurdistan
» The Kurdish opposition addresses Baghdad: Do not respond to the request of the Kurdistan government,
» Sudanese sends gas to Kurdistan after the electricity collapse and the bombing of Kormor
» Al-Sudani makes a quick visit to the Interior Ministry and meets with senior officers: Be ready and
» On their International Day.. Iraqi workers: Our rights are absent and our economy is fragile
» Government official: Iraq has become a center for drug trade and smuggling
» Cabinet decisions do not include votes on budget schedules, and Parliament criticizes the delay
» Retired workers complain of poor living conditions
» Al-Issawi renews his commitment to running for parliament: I will submit only to God
» A Kurdish party refuses to settle the salaries of employees in the region's banks and files an accus
» Al-Hakim: Sectarianism in Iraq is not social but political
» Al-Sudani chairs the seventh meeting of the Supreme Committee of the Strategic Development Road Proj
» Al-Sudani chairs the seventh meeting of the Supreme Committee of the Strategic Development Road Proj
» Finance announces the launch of financing retirees’ salaries
» In just two weeks, the Sudanese is awaiting an action plan from the relevant ministries in agreement
» A thousand dinars every month.. An expert predicts the shape of the final journey of dollar prices
» Parliamentary Oil: The budget deficit is under control
» Parliamentary proposals to impose an economic blockade on Iraq
» His advisor: Al-Sudani succeeded in digital transfer in banks
» Economist reassures: Financial liquidity is available and there are no risks to the Iraqi dinar
» Iraq is preparing to bid farewell to the blonde old woman and end the UNAMI mission
» utube MM&C 4/30/24 Projects - Confidence Building - National Bank of Iraq
» Al-Sudani: The government is serious about moving to a diversified economy and supporting the indust
» Deputy: The dollar exchange rate is still high
» The Finance Committee reveals the total transfers today in Iraq
» Minister of Industry: Iraq does not have iron ores suitable for production and we depend on imports
» “The Dilemma of Economic Decisions”... Implementing a gasoline price increase despite opposition fro
» Ukrainian trade explodes with a “surprise”: Iraq has contracted with a “fake” Ukrainian company to d
» Iraq is preparing to invest in the largest gas field
» An economic expert for Nina: The World Bank’s expectations that Iraq will achieve a high growth rate
» The UAE buys cheaper Iraqi oil to increase its exports of “more expensive crude”
» The largest gas field in Iraq is close to seeing the light: a wealth that will reduce the import bil
» Minister of Resources: Water storage in dams is at its best
» Sadiqoun demands that Taqadum give up all positions in exchange for the presidency of Parliament
» Al-Sudani inaugurates the continuous casting factory at the General Company for Steel Industries in
» Iraq exports to America more than 4 million barrels of crude oil and its derivatives in a month
» Al-Sudani: We are committed to workers’ rights and reconstruction projects will not stop
» The Parliamentary Development Institute organizes a workshop on the right to information law
» Parliamentary Integrity: The judiciary is making a great effort to resolve the theft of the century
» Parliamentary Finance: The government holds responsible for the delay in sending the budget schedule
» Economist: Iraq faces a shortage of 3.5 million housing units
» Obelisk Hour: Sudanese’s visit to Washington did not address the “American exit”
» Planning clarifies the position on contracts and wages from the job number platform
» New country legalizes cryptocurrencies
» The UAE's Dana Gas announces the resumption of work in the "Kormor" field
» The International Comprehensive Shopping Festival kicks off in an Iraqi governorate
» The Minister of Labor gives good news to the workers: Wait for next week
» Iraq's water storage is at its best... Will it address the agricultural situation?
» The government takes a number of new decisions
» The Minister of Labor announces an increase in the salary of retired workers by 100 thousand dinars
» Al-Sudani: Service projects in Iraq “will not stop”
» 90 percent of it comes from across the border. Parliament unveils a new strategy to limit currency s
» Iraq is implementing a "modern strategy" to get rid of a "Sumerian custom" that depleted the waters
» The Minister of Transport announces the opening of 48 collective lines in six governorates
» The Federal Integrity Commission announced the arrest of waste of public money, violations and manip
» Government Media: 3 million citizens have registered so far on the Ur electronic portal
» Labor Day in Iraq.. 6 million workers with an unknown future and stolen rights, and 90% of them “wit
» Iranian Chamber of Commerce: Iraq's investment budget is 150 billion dollars, and our share in it mu
» On International Workers’ Day... The President of the Republic: We stress the necessity of working t
» Prime Minister: We affirm our commitment to all Iraqi workers, men and women, to provide a work envi
» Progress threatens to withdraw from the political process in the event of infringement on its quota
» Bloomberg: Iraq violated its oil export quota and did not adhere to OPEC+ decisions
» Al-Sudani stresses the importance of following up on the understandings reached between Iraq and Ame
» From "everything is imported" to "food made by one's own hands"... Parliamentary reference to Iraq's
» The government hires an external auditor for the Trade Bank of Iraq
» Among them relates to the path of development...the full decisions of the Council of Ministers sessi
» Al-Maliki warns of the Washington Embassy's plans to threaten Iraqi society
» utube MM&C 4/28/24 Iraq Dinar - IQD - Banks - Merge Regionally - Water - Labor -Jobs - Dinar Value
» Iraqi Business: There are no financial fears in Iraq for three years, and fear regarding the path of
» Parliament is discussing with the Finance and Retirement Law amending the Landlords Law
» Customs and taxes... Parliamentary Finance talks about huge sums of money that do not enter the stat
» Parliamentary Oil threatens to sue the Ministry of Oil over raising gasoline prices
» Iraq begins installing radiation screening gates at border crossings
» Hong Kong launches Asia's first Bitcoin and Ether ETFs
» Al-Mandalawi discusses with the delegation of the Jordanian Senate the achievement of economic integ
» Parliament draws attention to the work of security companies in Iraq and identifies the party concer
» How does a Sudanese choose the countries he visits and what are his messages?