The latest UAE Business News – Emirates, investment, services, construction, companies & more – brought to you by Iraq Business News
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)
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 As a result, the United Arab Emirates has withdrawn […]
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 […]
By John Lee. Defense News cites a source within the government of the United Arab Emirates as saying that the UAE may sell up to 10 Mirage 2000-9s fighter jets to the Iraqi Air Force in March. The decision comes following a visit by the Iraqi Prime Minister, Haider al-Abadi, to Abu Dhabi in December. […]
By John Lee. Reuters reports that a shipping insurer has warned that Iranian oil is being disguised as Iraqi, in an attempt to flout sanctions on Tehran. Insurer West of England said that Iranian crude labelled as Iraqi crude from Basra was being transferred ship-to-ship (STS) by smugglers at the Khor Fakkan port in the […]
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 […]
Prime Minister Dr. Haider Al-Abadi and his accompanying delegation arrived in Abu Dhabi on Monday morning, and were welcomed at the presidential airport by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and the head of the mission of honor Dr. Sultan […]
By John Lee. Dragon Oil said on Monday that it was backing out of plans to make an offer of 230 pence a share for Irish operator Petroceltic, which has interests in Iraqi Kurdistan. Shares in Petroceltic closed down 35 percent at 112.45 pence on Monday, 50 percent below their recent peak. Chief Executive Brian […]
By John Lee. Swiss-based Sulzer has signed an agreement to form a joint venture with the Unaoil Group to service of rotating equipment for oil and gas, and power customers in Southern Iraq. The joint venture (JV) will operate under the name of Sulzer Rotating Equipment FZCO and will have offices in Dubai, with local operations […]
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)
By John Lee. Emirates resumed its twice-weekly passenger flights to Erbil on Sunday. The route is erved by an Airbus A330-200 aircraft in a 3-class configuration. The service will increase to four weekly flights from 4th December 2014. Sheikh Majid Al Mualla, Emirates Divisional Senior Vice President Commercial Operations, said: “We have been closely monitoring […]
By John Lee. Robt. Stone (ME) LLC (RSME) has to announced that it has signed a Joint Venture agreement with NSCC International Limited (NSCC), under the name of “NSCC-RSME”, to exclusively bid together for "projects of mutual interest beyond UAE with a particular focus on Iraq". The Joint Venture will primarily pursue EPC (Engineering, Procurement […]
