By John Lee. The Kurdistan Regional Government (KRG) has reacted angrily to a statement from Sharjah-based Dana Gas. Shares in the company jumped 13.7 percent on the Abu-Dhabi stock exchange on Sunday after the company won a ruling in the London Court of International Arbitration (LCIA) in its long-running dispute with the KRG in Iraq […]
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 […]
Dana Gas PJSC, the Middle East’s leading private-sector natural gas company, and Crescent Petroleum, the Middle East’s oldest private oil and gas company, in their capacity as joint operators, have announced that the total investment on behalf of the partners in gas operations in the Kurdistan Region of Iraq has exceeded US$1 billion. Total cumulative […]
Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, today launched non-stop service to the Iraqi Capital, Baghdad, from the carrier's main hub in Sharjah, UAE. The inaugural flight and delegation was marked by the attendance of Air Arabia Chairman, Sheikh Abdullah Bin Mohamed Al Thani, and Air […]
By John Lee. Air Arabia has announced the launch of non-stop services to Baghdad, its fourth destination in Iraq, and 83rd worldwide. The inaugural flight G90361 will take off to the capital city on March 10, 2013. The low-cost pioneer will start three weekly services between Sharjah and Baghdad, which will be increased to five […]
By John Lee. Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, today announced the start of services to Basra, its third destination in Iraq. Inaugural flight G90377 landed in Basra international airport today at 09:15 commencing the start of service to the Iraqi City. The carrier offers […]
By John Lee. Majid Jafar (pictured), the chief executive of UAE-based Crescent Petroleum, has said the company is gearing up for expansion in the Iraqi oil and gas sector. Speaking to Reuters on the sidelines of the World Economic Forum (WEF) in Dubai, he said: "We are looking at entering Libya with the right opportunity. […]
By John Lee. Dana Gas may become the first United Arab Emirates (UAE) company to fail to pay an Islamic bond on maturity, according to a report from Reuters which cites "three sources familiar with the matter". Shares in the UAE's largest listed natural gas firm fell more than 4% on the Abu Dhabi Securites […]
Low-cost airline Air Arabia has announced the launch of services to Erbil, its second destination in Iraq. Flights to the Iraqi city will commence on October 14th, marking Air Arabia’s 76th destination worldwide. The carrier will offer four weekly services between Sharjah and Erbil. On Mondays, Fridays and Sundays, flights depart from Sharjah International Airport […]
UAE-based Starlight Airlines, the largest cargo operator to and out of Iraq, has entered into an agreement with Emirates SkyCargo to launch cargo operations between its Sharjah hub and Erbil in the Kurdistan region of Iraq. Khaleej Times reports that under the agreement, the service commenced last week with a Boeing 777 freighter flight to […]
