Maintaining economic momentum between "sisterly countries" the UAE and Iraq was top of the agenda when the Ambassador of Iraq to the UAE visited Abu Dhabi Chamber recently. Ambassador Dr. Mudaffar Mustafa Al-Jubouri was received by Abdullah Mohammed Al Mazrouei, Chairman of Abu Dhabi Chamber of Commerce and Industry, at the Chamber's tower in Abu […]
Tag Archives | Abu Dhabi
Tags: Abu Dhabi, Abu Dhabi Chamber, Emirati-Iraqi Business Council, featured, mn, United Arab Emirates (UAE)
Iraqi Airways starts Baghdad-Abu Dhabi Route
By John Lee. Iraqi Airways has started flights between Baghdad International Airport (BIAP) and Abu Dhabi International Airport (AUH). Initially flying on Saturdays, the company plans to also add a Tuesday flight, using a Boeing 737-800 aircraft. (Source: Zawya)
Tags: Abu Dhabi, air routes, Baghdad International Airport, BIAP, featured, Iraqi Airways, mn, United Arab Emirates (UAE)
ADIB launches Digital Banking Platform in Iraq
Abu Dhabi Islamic Bank (ADIB) has said it will strengthen its presence in Iraqi market by launching "ADIB Direct", a digital platform that meets the growing business demands in Iraq. ADIB Direct is an intuitive digital banking platform that integrates a suite of corporate banking solutions into a single, streamlined interface. The platform offers cash […]
iGrafx and ProServ support National Bank of Iraq
By John Lee. iGrafx, a provider of business process management solutions, has announced that it has implemented Iraq's first Enterprise Business Process Management (EBPM) solution with the National Bank of Iraq (NBI). The National Bank of Iraq was founded in 1995 as a publicly traded private company providing comprehensive banking services for individuals and companies […]
Tags: Abu Dhabi, DJ, featured, iGrafx, mn, National Bank of Iraq, National Bank of Iraq (NBIRQ), ProServ, WW
Reflections on Investments in Iraq’s Tech Ecosystem
By Alice Bosley and Patricia Letayf, Co-Founders of Five One Labs. Reflections on Investments in Iraq’s Tech Ecosystem 2019 showed an exciting development for Iraq's entrepreneurial ecosystem: the investments in two Iraqi tech startups - e-commerce company Miswag, which received investment from Iraq Tech Ventures, and Lezzoo, the first Iraqi startup to join Silicon Valley’s […]
Tags: 51Labs, Abu Dhabi, Abu Dhabi Global Market (ADGM), Alice Bosley, bureaucracy, DJ, Entrepreneurship, featured, Five One Labs, iMENA Group, Iraq Tech Ventures, Kurdistan News, Lezzoo, Miswag, mn, MSMEs, Patricia Letayf, private sector, start-ups, UAE, Y Combinator
Atrush Production exceeds 1m Barrels in July
Abu Dhabi National Energy Company PJSC (TAQA) has announced that its subsidiary, TAQA Atrush B.V. (TAQA Iraq), has set a new production record from the Atrush oil field in the Kurdistan Region of Iraq. For the first time since the field commenced production operations in July 2017, the total monthly production volume exceeded 1 million […]
Tags: Abu Dhabi, Abu Dhabi National Energy Company (TAQA), Atrush, featured, Marathon, mn, ShaMaran Petroleum, Taqa, United Arab Emirates (UAE)
Atrush Block drives Production Gains at TAQA
By John Lee. Abu Dhabi National Energy Company PJSC (TAQA) has announced that the group’s oil and gas business delivered strong performance with an 11% increase in revenue, mainly driven by increased production volumes from its assets in Europe and Iraq. In its financial results and operational highlights for the six-month period ending June 30, […]
Tags: Abu Dhabi, Abu Dhabi National Energy Company (TAQA), Atrush, featured, Kurdistan News, mn, United Arab Emirates (UAE)
Trade Bank of Iraq (TBI) Expanding Abroad
By John Lee. The state-owned Trade Bank of Iraq (TBI) is reported to be planning to expand its operations in China and the Gulf. Chairman Faisal al-Haimus [al-Haimus] told Reuters that the bank want to increase revenues from retail banking and international operations from 25 percent to 30 percent by 2022. He added that it […]
Pearl Petroleum to Raise Funding for Kurdistan Investment
By John Lee. Pearl Petroleum is reportedly planning to raise additional funding for its drilling and development in Iraqi Kurdistan, According to Reuters, Patrick Allman-Ward, the chief executive of Dana Gas, which is the majority owner of Pearl Petroleum, told reporters that the funding will "comprise a mix of bank debt, a bond, Exim bank […]
Tags: Abu Dhabi, Chemchamal, Chemchemal, Crescent Petroleum, Dana Gas, drilling, featured, fundraising, Khor Mor, Kurdistan News, mn, Pearl Petroleum, United Arab Emirates (UAE)
Dana Gas gets $44m from KRG in 1H
By John Lee. Dana Gas has said it has received $43.8 million in dividends from Pearl Petroleum Company Limited for condensate and LPG sales in the Kurdistan Region of Iraq (KRI) in the first half of 2018, including a $7 million payment for the month of June. The company added that the capacity to process […]
Tags: Abu Dhabi, Abu Dhabi Securities Exchange (ADX), Dana Gas, featured, KRG, Kurdistan News, Pearl Petroleum, Sharjah, United Arab Emirates (UAE)
64,000 New Homes Planned for Al-Rashid City
By John Lee. Zawya reports that the Iraqi cabinet has asked the National Investment Commission (NIC) to go ahead with the huge Al-Rashid City project planned for Baghdad. The $10-billion development is to be carried out by Dubai’s Emaar Properties and Abu Dhabi’s Eagle Hills, and will include the building of "up to" (sic) 64,000 […]
Tags: Abu Dhabi, Al-Rashid City project, dubai, Eagle Hills, Emaar, featured, Housing, National Investment Commission (NIC), property, real estate, United Arab Emirates (UAE)
Crescent Petroleum to Increase Investment in Iraqi Gas
By John Lee. UAE-based Crescent Petroleum is reportedly planning a significant increase in its production of natural gas at its Pearl Petroleum operations in Iraq. President Badr Jafar (pictured) is quoted as saying that there will be an investment of $1 billion to boost production to 500 million cubic feet of gas per day by […]