2022 - Iraq Bulletin

Policy support and green efforts drive 11 percent increase in global heat pump sales in 2022

EditorApril 2, 2023

April 2, 2023

Global sales of heat pumps grew by 11% in 2022, according to the latest International Energy Agency (IEA) analysis, marking a second year of double-digit growth for the central technology in the world’s transition to secure and sustainable heating. Increased policy support and incentives for heat pumps in light of......

Travel

Dubai airline flydubai announces AED1.2 billion profit for 2022

EditorMarch 1, 2023

March 1, 2023

For the year ending on 31st December 2022, flydubai’s historic profits were AED1.2 billion (US$327 million), a 43% increase from 2021. AED9.1 billion (US$2.5 billion) was the carrier’s total annual revenue in 2022, up 72% from AED5.3 billion (US$1.4 billion). A record 10.6 million passengers were carried by the airline,......

Travel

Net profit at Air Arabia increased by 70 percent in 2022

EditorFebruary 17, 2023

February 17, 2023

As the first and largest low-cost carrier (LCC) in the Middle East and North Africa, Air Arabia (PJSC) announced historic financial results on December 31, 2022. As the airline continued to grow, the airline achieved extraordinary financial and operational performance, almost doubling profit and passenger numbers. Air Arabia reported a......

Travel

15.9 million passengers in 2022 at Abu Dhabi Airports

EditorFebruary 9, 2023

February 9, 2023

Abu Dhabi Airports, operator of the emirate’s five airports, released its passenger traffic results today. The number of guests using Abu Dhabi International, Al Ain International, Al Bateen Executive, Delma Island and Sir Bani Yas Island airports tripled from 5.26 million in 2021 to 15.9 million in 2022. Air Traffic......

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......

Business

Indian exports surged to $569 billion from April to December 2022

EditorJanuary 16, 2023

January 16, 2023

From April to December 2022, India’s overall exports combining merchandise and services are expected to grow by 16.11 percent compared to the same period last year. Overall, the country’s exports during the period were estimated to be $568.57 billion US dollars, compared to $489.69 billion last year. As a result......

Business

$3.3 billion in engineering exports from Egypt in 11 months of 2022

EditorJanuary 9, 2023

January 9, 2023

The Engineering Export Council (EEC) of Egypt announced that the sector’s exports were up by 10% to $3.32 billion from January through November of 2022, compared with $3 billion in the same period last year. As reported in the EEC’s monthly report, some of the most noteworthy industries with export......

Business

India rises six spots to number 40 on the Global Innovation Index 2022

EditorSeptember 30, 2022

September 30, 2022

The World Intellectual Property Organization has ranked India 40th in its Global Innovation Index. It is an impressive leap of 41 places in seven years. Prime Minister Narendra Modi stated in a tweet that innovation is a buzzword in India. PM Modi expressed pride in India’s innovators, saying the country......

Travel

Indonesia to host World Tourism Day celebrations in 2022

EditorSeptember 12, 2022

September 12, 2022

It is now only a matter of time before World Tourism Day 2022 celebrates its 25th anniversary, with every part of the sector being invited to be a part of this annual celebration. There is going to be an official World Tourism Day celebration in Bali, Indonesia, on 27 September,......