logo
Iraq receives new generation of port cranes

Iraq receives new generation of port cranes

Shafaq News2 days ago
Shafaq News – Basra
Iraq has begun deploying a new fleet of advanced container-handling cranes to boost efficiency at its ports, the General Company for Ports of Iraq (GCPI) announced on Friday.
GCPI Director General Farhan al-Fartousi told Shafaq News that 14 cutting-edge cranes had been delivered—four bridge-type Gantry Cranes and ten rubber-tired gantry (RTG) cranes—designed to accelerate container operations across port yards.
Built by China's ZBMC, the new equipment is equipped with smart communication systems that enable semi-automated operation with minimal human input.
'This represents a qualitative leap for Iraqi ports,' al-Fartousi said, noting that the upgrade strengthens Iraq's competitiveness in regional shipping and logistics.
Located in the south, Basra's ports handle the majority of Iraq's commercial cargo and oil exports, though years of underinvestment and dependence on outdated machinery have long limited their performance.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Iraq's wheat production declines due to summer drought
Iraq's wheat production declines due to summer drought

Iraqi News

time38 minutes ago

  • Iraqi News

Iraq's wheat production declines due to summer drought

Baghdad ( – The Iraqi Ministry of Agriculture confirmed on Sunday that the country's wheat production dropped drastically in 2025 due to the lack of rain. Iraq's deputy agriculture minister, Mahdi al-Jubouri, told Rudaw that this year's wheat production is estimated to be 5.12 million tons, compared to 5.4 million tons produced in 2024. Iraq is suffering from a deepening water shortage. According to the United Nations, the country is the fifth most vulnerable to climate change, with the consequences compounded by Turkey and Iran's construction of dams on rivers that flow into Iraq. The absence of formal agreements with the two countries, along with this year's drought, has exacerbated the issue. According to al-Jubouri, Iraq has maintained a consistent production of fruits and vegetables because these crops do not require a lot of water. The Iraqi Ministry of Agriculture declared in mid-July that it had achieved self-sufficiency in wheat for the third year in a row. The wheat produced from different Iraqi provinces, except the Kurdistan region of Iraq, reached four million tons so far, Shafaq News reported. During a celebration marking the accomplishment, Iraqi Minister of Agriculture Abbas Al-Maliki stated that this achievement is the result of ongoing government support and the ministry's plans, which include providing agricultural supplies, using modern irrigation techniques to address water scarcity, and providing improved seeds and fertilizers. Iraq was self-sufficient in wheat for three years before the crisis in Ukraine, producing 4.7 million tons in 2019, 6.2 million tons in 2020, and around 4.2 million tons in 2021. However, water scarcity and desertification limited local wheat production, forcing the Iraqi government to import wheat to fill the shortfall.

Dollar prices stabilize in Baghdad and Erbil at closure
Dollar prices stabilize in Baghdad and Erbil at closure

Shafaq News

timean hour ago

  • Shafaq News

Dollar prices stabilize in Baghdad and Erbil at closure

Shafaq News – Baghdad/Erbil On Sunday, the exchange rates оf the US Dollar against the Iraqi dinar remained stable in Baghdad and Erbil markets at the closure. According to a survey by Shafaq News Agency, the dollar's rate in the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad settled at 139,200 dinars for every 100 dollars, while they recorded 139,500 dinars on Saturday. The selling and buying rates at currency exchange stores in Baghdad were set at 140,250 IQD and 138,250 IQD per 100 USD, respectively. Erbil's selling price also settled at 138,950 dinars for every 100 dollars, and the buying price was 138,850.

RTB Bank launches low-interest loans for solar panels in Iraq
RTB Bank launches low-interest loans for solar panels in Iraq

Iraqi News

time4 hours ago

  • Iraqi News

RTB Bank launches low-interest loans for solar panels in Iraq

Baghdad ( – RTB Bank, a prominent Iraqi financial institution, announced on Friday (July 25, 2025) the launch of a new low-interest loan program. This initiative aims to support the installation of solar panels in homes and commercial establishments across Iraq. The program is part of a broader national strategy, financed by the Central Bank of Iraq, designed to reduce carbon emissions, boost reliance on renewable energy, and address the country's escalating electricity crisis. According to a statement from RTB Bank, the new program offers flexible financing options for individuals and companies eager to transition to clean energy solutions. Loan values range between 7 million and 30 million Iraqi Dinars (approximately $4,800 to $20,700 US Dollars), with a repayment period extending up to seven years and an optional six-month grace period. This initiative seeks to empower citizens to invest in solar technology through accessible financing and competitive interest rates. It represents a significant step towards diversifying Iraq's energy sources and achieving its environmental objectives. Iraq has long grappled with chronic electricity shortages, which worsen during the scorching summer months when temperatures can exceed 50 degrees Celsius, severely straining the national grid and increasing energy demand. Ahmed Nawzad, CEO of RTB Bank, affirmed the bank's commitment to supporting sustainable development and expanding the country's energy mix. 'This program represents a great opportunity to enhance sustainable development and broaden the energy mix in the country. At RTB, we are committed to helping our clients build a greener future and achieve economic growth through innovative financial solutions,' Nawzad stated. The bank advises interested individuals and businesses to contact their nearest RTB Bank branch for additional details regarding eligibility requirements and the application process. RTB Bank for Investment and Finance was established in 2001, with its main headquarters in Erbil. It is licensed by the Central Bank of Iraq and listed on the Iraq Stock Exchange.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store