Qatar Fund For Development Supports WFP’s Food Assistance Program in Iraq
The Qatar Fund For Development (QFFD) has made a contribution of US$3 million to the United Nations World Food Programme to provide assistance for displaced people in Iraq. The funding will support more than 22,000 Iraqis living in camps.
“The Qatar Fund For Development is committed to supporting displaced people in Iraq, providing them with their basic human needs, and giving them hope for a better future,” said QFD Executive Director of Corporate Strategy, Ali Abdulla Al-Dabbagh after signing the contribution agreement in London.
In urban areas with functioning markets, families will receive cash, allowing them to buy the food they need in line with their dietary requirements and preferences. In areas where local markets are not well established, WFP provides assistance through e-vouchers, which can be used in selected shops.
“We welcome this donation from the Qatar Fund For Development,” said Francis Mwanza, head of WFP’s London office. “Although some Iraqis have returned to their homes, others have lost all their possessions and face security threats, these people remain in camps and continue to need our support.”
WFP currently assists 570,000 displaced Iraqis in camps each month with food rations and cash-based assistance.
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 Hamad Port-Umm Qasr (Iraq)-Shuwaikh (Kuwait)-Hamad Port rotation, and will be initially served by one vessel with a 1,015 TEU capacity and 110 reefer plugs.
The service will have a transit time of 2 days, making it particularly ideal for dry and refrigerated food stuff, consumer electronics, and construction materials, among other cargo. The first vessel will depart from Hamad Port on 7 May 2018 and reach at Umm Qasr Port on 9 May 2018.
Commenting on the launch of the new service, Milaha’s President and CEO Mr. Abdulrahman Essa Al-Mannai said:
“There has been excellent demand on the Qatar-Kuwait service that we launched last year, and we have been looking at ways to further expand that service to give our Iraqi clients and partners more convenience through greater port coverage and reduced transit times. This new service will contribute to the reconstruction efforts in Iraq, and will also help boost the growing trade and economic relations between Qatar and Iraq.”
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 Subaey.
The two sides agreed to cooperate in preparing and issuing new regulations and legislation on civil aviation safety in Iraq in line with European and U.S. systems.
(Sources: QNA, CAA Qatar)
(Picture: Waving flag of Qatar and Iraq, from Aleksandar Mijatovic/Shutterstock)
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, Qatar Ministry of Transport)
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 drug and human trafficking, and money laundering.
The MoU also covers security at airports and ports.
(Source: Gulf Times)
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 in 2017 was restoring our network sites in the liberated areas and helping customers living there to reconnect to our services.
“As a result, Asiacell increased customer numbers by 8% to reach almost 13 million as network recovery advanced in the liberated areas in the north and west of the country.“
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 international drilling tenders in Iraq.
“We have plans to join drilling projects in neighboring countries and we have started correspondences with Iraq in this regard,” the official said.
Sepehri said the two country’s access to Arvand Free Zone, favorable crude oil production capacity in Iraq’s Basra and the good terms the two neighbors are on are among the advantages of working in Iraq.
He further said that NIDC will take part in three drilling tenders that Italy’s ENI is planning to hold in Iraq.
The NIDC official added that Oman is another market the company is seeing to gain a foothold in.
“We have indicated readiness to offer services to Oman, too, and will consider the matter in more depth during a visit by an Omani delegation to Iran within the next few weeks.”
Besides drilling operations, NIDC enjoys massive potentialities in offering drilling services, the CEO added.
“After Iraq and Oman, we are targeting operations in Qatar,” Sepehri added.
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 is a very important country in the region. It has huge resources and needs a lot of investments to bring the country back to the prominence. It is a brotherly country, and we would like to help and assist in developing their upstream business.”
The Peninsula Qatar quotes him as saying that QP is currently exploring best ways of entering the Iraqi market.
(Source: The Peninsula Qatar)
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 Kuwait to reduce its dependency on Qatar as a supplier of gas; deliveries could begin as early as 2019.
It would also deal a blow to Shell, which aimed to be the dominant gas player in Iraq before relations with Baghdad soured following it’s planned exit from the Majnoon oil project.
Toyo told Reuters that talks are ongoing and a final decision has not yet been made.
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 QAR 972 million due to network investments to accommodate high data demand as well as reconnection cost in the liberated areas.
According to a statement from the company’s Qatar-based owner Ooredoo, growth was stimulated by improvements in the political situation. “With further areas in Mosul being liberated during the first half of the year, network reconnection helped to drive the increase in customer numbers,” it said.