Airline Play collapse would have had more impact on the Icelandic aviation market if the airline had not already reduced its flight schedule, says the CEO of Icelandair, adding Icelandair has little room for more flights to help stranded travellers

The possibility of oil extraction in the Dreki area would bring significant benefits for Iceland whether oil is extracted or not, says Iceland Chamber of Commerce, encouraging treasury to tender concessions to explore

A 40% rise in applications from students outside Europe to study at local universities may be linked to videos circulating on social media claiming that they can study in Iceland for free and relocate with families; processing is heavily delayed

Journalist Eyrún Magnúsdóttir and author Auður Jónsdóttir will launch a new media outlet, Gímaldið: the name describes a large hall with high ceilings, chosen because the channel will welcome many voices and report on various aspects of complex issues

A man involved in what is thought to be Iceland’s first bank robbery walked into a police station and confessed to the crime, police posted on Facebook; the robbery took place in 1975 and was relatively small in scale compared to later bank robberies