Tag Archives | Abu Dhabi

Bloom to Build 40,000 Villas in Karbala

By John Lee. Abu Dhabi’s Bloom Holdings is reportedly planning to build a new town outside Karbala. The project, which will take 10 years to complete, involves the construction of 40,000 villas, along with hospitality and educational components, according to Khaleej Times. Sameh Muhtadi (pictured), CEO of Bloom Holdings, told the newspaper: “We have received […]

Dana Remains Committed to Iraq, Despite Claim

By John Lee. Sharjah-based Dana Gas and its consortium partners, Crescent Petroleum and Pearl Petroleum, is pursuing $100 million (117 billion Iraqi dinars) in payments from the Kurdistan Regional Government (KRG). In a statement to the Abu Dhabi Securities Exchange (ADX), the company said: “The LCIA [London Court of International Arbitration] Tribunal recently ordered the […]

PM al-Abadi meets Iraqi Businessmen in UAE

By John Lee. Prime Minister Dr. Haider Al-Abadi met a number of locally-resident Iraqi businessmen in Abu Dhabi earlier this week. He listened to the views, observations and suggestions delivered by the investors related to the laws and travel procedures that should be facilitated, in addition to the significance of providing a suitable environment for […]

Atrush First Oil on Schedule

By John Lee. TAQA, the Abu Dhabi National Energy Company, has said that first oil from its Atrush Block in Iraq is on schedule for late 2015. The company said that operations have resumed following a brief interruption to drilling activities after increased regional instability in August. (Source: TAQA)

Descon Plans Expansion in Iraq

By John Lee. Descon Engineering, an Abu Dhabi–based engineering, procurement and construction (EPC) company, plans to re-enter the Iraqi market. General Manager Muhmmad Iqbal Khan told the Khaleej Times that his firm has been absent from Iraaq of 25 years, but is looking again due to “exciting opportunities“. (Source: Khaleej Times)

Etihad Reroutes Flights and Modifies Schedule

By Patrick M Schmidt. In the wake of other airlines and the American Federal Aviation Administration’s (FAA) ban for American commercial airlines, Abu Dhabi based airline, Etihad Airways, has announced that they will redirect their aircraft around Iraqi airspace. The airline has cancelled all flights to Erbil, but will maintain its current flight operations to […]

KRG Rejects Dana Gas Statement on Payments

By John Lee. The Kurdistan Regional Government (KRG) has rejected a statement by Abu Dhabi-listed Dana Gas to the effect that the London Court of International Arbitration had awarded the company the right to receive some outstanding payments from the Kurdish government. Dana Gas said on Sunday that its consortium with Crescent Petroleum and Pearl Petroleum […]

ADIB Plans Iraq Expansion

By John Lee. The Abu Dhabi Islamic Bank (ADIB) is the latest bank to expand business in Iraq, according to a report from The National. Currently the only UAE lender to operate in Iraq, ADIB plans to open a branch in Basra before the end of the year after it opened a branch in Erbil […]

Technip Wins FEED Contract at Rumaila

Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), has been awarded a front-end engineering design (FEED) contract for the Ar Ratawi Natural Gas Liquids (NGL) train1 project at North Rumaila in Basra. The deal was awarded by the Basra Gas Company (BGC), a joint venture between the Iraq’s South Gas Company (51%), […]

Bristol VMD Delivers Emergency Vehicles to Iraq

Abu Dhabi’s Bristol Vehicle Manufacturing Division (Bristol VMD) has announced it has rolled out seven new fire-fighting and emergency response vehicles as part of a multimillion-dollar contract with Russia’s Gazprom Neft. ConstructionWeekOnline reports that the new fleet of vehicles — five oilfield fire-fighting vehicles, one rescuer and pollution-control vehicle, and a water and foam support trailer […]

Iraqi Embassy in Abu Dhabi Opens

By John Lee. Foreign Minister Hoshyar Zebari has opened the new Iraqi embassy in Abu Dhabi , capital of the brother United Arab Emirates with the participation of His Highness Sheikh Abdullah Bin Zaied Al Nuhaiyan, UAE Minister of Foreign Affairs, senior officials, members of the Arab and foreign diplomatic corps and a group of […]

Rotana Names New Karbala Management Team

Abu Dhabi-based Rotana, a leading hotel management company, announced the general manager and other senior appointments for its new property in Iraq, the five-star Karbala Rayhaan by Rotana. General manager Nader Mobader, a seasoned hospitality player with 18 years of industry experience in Asia, Africa and the Middle East, has been leading the team through […]