Tag Archives | Abu Dhabi

Cooperation between Iraqi and Abu Dhabi Stock Exchanges

By John Lee. Prime Minister Mohammed S. Al-Sudani met with Abdullah Salem Al-Nuaimi, CEO of Abu Dhabi Securities Exchange (ADX), to discuss enhancing cooperation and expanding private sector engagement to support economic growth. During the meeting, the Prime Minister oversaw the signing of a Memorandum of Understanding (MoU) between the Iraqi Securities Commission (ISC) and […]

Enhancing Collaboration between Iraqi Stock Exchange and ADX

By John Lee. During an official visit to Abu Dhabi, Iraqi Securities Commission (ISC) President Faisal Al-Haimus met with Abdulla Salem Alnuaimi, CEO of Abu Dhabi Securities Exchange Group (ADX), to explore enhancing collaboration between the Iraqi Stock Exchange (ISX) and ADX. Discussions focused on integrating ISX into the Tabadul Digital Exchange Hub, a cross-border […]

New JV to enter Iraqi Logistics Market

By John Lee. Dubai logistics and transport company Aramex has announced a new joint venture with Abu Dhabi-based investment company ZK Holding, aimed at supporting both local and international businesses in Iraq. According to a press release from ZK Holding: Through this joint venture, Aramex will significantly expand its existing footprint in the country by […]

Land Acquired for $1.5bn Baghdad Golf Development

By John Lee. Arabian Business reports that Abu Dhabi-based property developer Eagle Hills has bought land in Baghdad for a $1.5-billion golf real estate project. It says the Baghdad Golf Course and Spa will feature a world-class golf course, high-end residential neighbourhoods, a five-star hotel, and an exclusive resort club. Eagle Hills was founded by […]

Dasoff Petroleum Wins Iraq Contract

By John Lee. Iraq's Ministerial Council for Energy has recommended awarding the tender number "MOD-2024" for the operation and maintenance of diesel stations in North Diwaniyah, East Diwaniyah, East Karbala, and North Amara to Dasoff Petroleum Service LLC. The contract price is set at $13.5 per MWh on a "Take and Pay" basis for a […]

AD Ports to run new Iraqi Mega-Port

By John Lee. The Iraqi Prime Minister has confirmed that Iraq has agreed with Abu Dhabi Ports (AD Ports Group) on a partnership to operate the new Al-Faw Grand Port. Addressing a round table held by the Bilateral Chamber in Houston, Texas, as part of his official visit to the United States, Muhammad Shiaa Al-Sudani […]

Businessmen Jailed in Iraq reach 3-year Milestone

By John Lee. Australian engineer Robert Pether and his Egyptian colleague Khalid Radwan have now spent more than three years in prison in Iraq. The pair were detained in April 2021 by authorities in Baghdad in relation to a dispute over the construction of the new Central Bank of Iraq (CBI) headquarters in Baghdad. They […]

AD Ports to Develop Al Faw Grand Port and Economic Zone

By John Lee. AD Ports Group has announced that it has entered into a preliminary agreement with the General Company for Ports of Iraq (GCPI). Under the terms of the agreement, both parties will establish a joint venture to develop Al-Faw Grand Port and its economic zone, as well as any future expansion. The agreement […]

Iraq's Transport Minister visits AD Ports Group

By John Lee. Abu Dhabi's AD Ports Group this week welcomed an Iraqi delegation headed by His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq's Minister of Transport, alongside key figures and leaders in business, investment and development sectors. The focus was on a number of projects pivotal to international transport, logistics services, economic cooperation in the […]

Shamaran, HKN to aquire TAQA's Interest in Atrush Oilfield

By John Lee. Canada's Shamaran Petroleum and US's HKN Energy are to aquire Abu Dhabi National Energy Company (TAQA)'s interest in the Atrush oilfield in Iraqi Kurdistan. In a regulatory statement on Monday, TAQA said: "... Abu Dhabi National Energy Company PJSC ("TAQA") has, through its wholly-owned subsidiary, TAQA International BV, entered into definitive agreements […]

Iraqi e-Commerce Venture Orisdi secures Six-Figure Investment

By John Lee. The Iraqi, vertically integrated, e-commerce store Orisdi has successfully concluded a six-figure bridge round of investment. The company said in a press release that the funding was arranged in August, and included both new investors and existing shareholders, such as Al Sharqiya TV Group, Amar Shubar, Ahmed Sultani, Naveed Pasha, Hassan Al […]