By John Lee. UAE-based Dana Gas is reported to be considering spinning off its upstream business, which would include its 35-percent stake in Pearl Petroleum, which owns the righs to the Khor Mor (pictured) and Chemchemal fields in the Kurdistan Region of Iraq (KRI). TradeArabia quotes Hamid Jafar, Chairman of Dana Gas, as saying: "We […]
Tag Archives | UAE
The latest UAE Business News – Emirates, investment, services, construction, companies & more – brought to you by Iraq Business News
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
Medserv Acquires METS
Malta-based Medserv has announced that it has today completed the acquisition of Middle East Tubular Services (METS), a group of companies based in the UAE, Oman and Iraq. Established in 2006 in Sharjah, UAE, METS has grown rapidly becoming a market leader due to its position as the only one-stop-shop for oil country tubular goods […]
Tags: Basra News, DJ, featured, Jarrett Asset Holdings Corporation, Malta, Medserv, Middle East Tubular Services (METS), Sharjah, UAE, United Arab Emirates (UAE)
FlyBaghdad has eyes on Dubai, then Europe
Iraq’s youngest airline, FlyBaghdad, is in talks to start flying to Dubai and plans to launch European routes in early 2016, according to a report from Gulf News. The airline’s Regional Commercial Manager, Mohammad Abdali, told the news agency that the Iraqi-owned airline started domestic flights to Erbil, Sulaymaniyah, Najaf and Basra from its hub […]
Tags: air routes, Al Basra, Baghdad, Baghdad International Airport, Bahrain, dubai, Erbil News, featured, FlyBaghdad, Georgia, germany, Iran, Kuwait, Sulaymaniyah, Sweden, Turkey, UAE, United Arab Emirates, United Kingdom
Iraqi Airways Banned from EU, Aerovista Provides Support
By John Lee. UAE-based Aerovista announced on Thursday that it is providing its A320-200 (SX-BDS) aircraft on an ACMI basis (i.e. aircraft, complete crew, maintenance, and insurance) to Iraqi Airways. "By partnering with Aerovista," the company said, "Iraqi Airways are able to provide services to Europe by using an EASA approved carrier with European crew. […]
Kurdistan Imports Less Gold
By John Lee. The Kurdistan Region of Iraq has imported 26 tons of gold in the first six months of the year, a reduction on the same period last year. According to a report from Shafaaq News, 16.7 tons were imported through Sulaymaniyah International Airport, 8.2 tons through Erbil International Airport, and 1 ton through […]
Dana Gas, KRG in Spat over Court Ruling
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 […]
Tags: Chemchemal, Crescent Petroleum, Dana Gas, featured, Khor Mor, KRG, Kurdistan News, London Court of International Arbitration, Pearl Petroleum, Sharjah, UAE, United Arab Emirates
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 […]
$7.4bn Investment Offer for Grand Faw Port
By John Lee. Iraq's Transport Minister has said that companies from the UAE, Iran, Turkey and China have offered to invest $7.4 billion dollars (8.6 trillion Iraqi dinars) for the development of the Grand Faw (Grand Fao) port project. Baqir Al Zubeidi told al-Forat news agency that the investment would cover the construction of quays […]
Tags: Al Faw Grand Port, China, Grand Fao, Grand Faw, Iran, Ports, Turkey, UAE, United Arab Emirates
New Communications Service for Oil Cos
By John Lee. O3b Networks announced a multi-year agreement to provide trunking services to UAE-based Meosat, an internet service provider to the oil and gas industry. The new capacity is intended to serve oil industry clients in southern Iraq. (Source: Telecompaper)
US Devotes More Resources to Iraq
By Patrick Schmidt. The United States military has repositioned and deployed additional military resources to Iraq in the wake of two major events. The brutal murder of a Jordanian fighter pilot by the Islamic State (IS, ISIS, ISIL) has sent another shock through the international community. As a result, the United Arab Emirates has withdrawn […]
Tags: 'Your Country' - United States, caliphate, ISIL, ISIS, Islamic State, Jordan, terrorism, UAE, United Arab Emirates
Flights Suspended After Airplane Shooting
By John Lee. Several airlines have suspended flights to Baghdad on Tuesday after bullets hit an airplane as it was landing at Baghdad International Airport. Reuters reports that two passengers were slightly injured when three or four bullets hit the body of a flydubai plane carrying 154 passengers on Monday evening. It was not known […]