February, 2023 - Iraq Bulletin

Etihad Airways increases its frequency to Frankfurt

EditorFebruary 2, 2023

February 2, 2023

From May 1, Etihad Airways will increase its services to Frankfurt, Germany. There will be an additional four flights a week added to the airline’s daily frequency, bringing the total number of flights to Frankfurt to 11. Additional flights will be operated by Etihad’s ultra-modern Boeing 787 Dreamliner aircraft, featuring......

Business

Lebanon devalues its currency by 90 percent, market rate is much lower

EditorFebruary 1, 2023

February 1, 2023

According to central bank governor Riad Salameh, Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1. This represents a 90% reduction from the current official rate which has remained unchanged for 25 years. A shift from 1,507 to 15,000 is still far......

Business

Indian FM presents $550 billion progressive and inclusive Union Budget

adminFebruary 1, 2023

February 1, 2023

Indian Finance Minister, Nirmala Sitharaman presented a $550 billion progressive and inclusive Union Budget for 2023-24 today. According to her, Indian economics are heading in the right direction despite challenging times globally. Economic growth in the current year is estimated at 7%, according to Ms Sitharaman. According to the Finance......

Business

Outstanding operational performance by Etihad Cargo in 2022

EditorFebruary 1, 2023

February 1, 2023

Etihad Cargo, Etihad Aviation Group’s cargo and logistics arm, exceeded its operational performance targets in 2022. In freighter departures, the carrier achieved 80.5 percent on-time performance (OTP) and in freighter arrivals, it reached 84.1 percent. Over its target of 85 percent, the carrier has achieved a delivered-as-promised (DAP) rate of......

Business

Vietnam-India bilateral trade reached record levels in 2022

EditorFebruary 1, 2023

February 1, 2023

There was a 13.6% yearly increase in two-way trade between Vietnam and India in 2022, according to statistics from the General Department of Customs, which were quoted by the Vietnam News Agency (VNA). The value of Vietnam’s exports to India last year topped $7.96 billion, a 26.8% increase over the......