U.S. company Silicor Materials, a leading manufacturer of high-quality solar silicon, plans to sign a contract with Faxaflóahafnir Associated Icelandic Ports on the building of a new silicon plant at Grundartangi in Hvalfjörður today.
Icelandic company Eykon Energy along with CNOOC, China National Offshore Oil Corporation, plans to begin oil exploration in the so-called ‘Dragon Zone,’ which lies in Icelandic waters, this summer.
Reykjavík and the Blue Lagoon appear in a new ad for Apple iPad Air. The ad shows travel writer Chérie King using an iPad during her travels to, among other places, Iceland, Vietnam and Morocco.
Reykjavík Geothermal and the African Union will sign a USD 8 million contract today allowing Reykjavík Geothermal to start drilling in the Ethiopian Rift Valley as part of two 500 MW power plants under construction.
The marketing organization Iceland Naturally will receive USD 1 million (ISK 339 million, EUR 735,000) per year until the end of 2016 to promote Iceland and make Icelandic products and services more visible on the North American market.
A free trade agreement between Iceland and China will take effect on July 1 after the process of implementing the agreement into law was completed.
Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson has reaffirmed that Iceland could adopt another currency, the Canadian or U.S. dollar.
The biggest media company in Iceland, 365 miðlar, has signed a contract with Condé Nast to produce an Icelandic version of Glamour magazine.
The government’s household debt relief plan was passed by parliament on Friday and the web portal leidretting.is was opened for applications yesterday.
Icelandair flights are running according to schedule today a day after the government passed a law making planned strikes by the airline’s pilots illegal.
Negotiations between pilots and Icelandair on a new collective bargaining agreement were broken off at around midday today. A new meeting has not yet been scheduled ahead of a planned strike on Friday from 6 am to 6 pm.
Icelandic hamburger restaurant Hamborgarabúlla Tómasar opened Tommi’s Burger Joint in Berlin on Friday. The restaurant is proving so popular that the hamburgers sold out two hours before closing time on its opening day.
Icelandair has announced that the strike by the airline’s pilots could cost the company at least ISK 1.5-1.7 billion (USD 13.3-15 million, EUR 9.6 million-11 million). Other businesses are also reporting losses as a result of the strike.
Clive Stacey, managing director of British travel agency Discover the World, urges Icelandair pilots, who have been on strike, to reduce their demands for a pay rise.
A total of 10,500 people out of 181,900 in the labor force in Iceland were unemployed and in active job search during the first three months of this year.
The Icelandic food production company, Icelandic Group has obtained a court order forcing the Aldi supermarket chain to stop selling a line of fish dishes.
Birna Sverrisdóttir, who is often known simply as Birna in the Block, is finally about to get some neighbors in her apartment block on Stamphólsvegur in the southwest Iceland town of Grindavík, about 45 minutes’ drive from Reykjavík.
The Danish design store, Stof & Stil has been accused of stealing the Notknot pillow design by Icelandic designer Ragnheiður Ösp Sigurðardóttir.
With the Icelandic airport workers’ dispute still unresolved, there is more potential bad news for air passengers as Icelandair pilots prepare for an overtime ban and possible strike action.
As the fall-out from Iceland’s banking crisis continues to make headlines half a decade on, a small savings bank’s dabbling in pizza is the latest embarrassing revelation.