The latest UAE Business News – Emirates, investment, services, construction, companies & more – brought to you by Iraq Business News
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. Under the agreement, the service operates a Boeing 777 freighter to Erbil, twice a week initially, possibly increasing to […]
An economic forum will be held in Dubai in two months time in the hope of fostering economic development in the Kurdistan Region and attractiong more investors to the booming regional economy. Shilan Khanaqa, Kurdistan Region's representative to the United Arab Emirates told AKnews that the two-day conference will be held under the auspices of […]
The fourth of the new routes into Iraq by low cost airline flydubai was completed today with the inaugural flight to Najaf. It began its three-times weekly service to Najaf today when the inaugural flight, FZ221, departed Dubai Terminal 2 at 0700hrs, and landed in Najaf International Airport at 0840hrs local time. The return flight, […]
In an initiative to support developing Iraqi business segments, Emirates has announced a 75 per-cent additional capacity increase between Dubai and Baghdad, growing its services to seven flights per week. Starting from 2nd February 2012, EK941 will depart daily from Dubai at 07:55am touching down at Baghdad International Airport at 09:40am the same day. At […]
flydubai, Dubai's pioneering low cost airline, added to its expanding network yesterday with the start of flights to Baghdad. flydubai’s inaugural flight, FZ215, took off from Dubai Terminal 2 at 1355hrs yesterday, landing at Baghdad International Airport at 1545hrs. In addition to Erbil and Sulaimaniyah, the four-times weekly flight to Baghdad increases flydubai’s presence in […]
Al Arabiya reports that the United Arab Emirates will scrap $5.8 billion in debts owed by Iraq. Emirati foreign minister, Sheikh Abdullah bin Zayed al-Nahayan, said on Monday at a news conference hosted jointly with Iraqi foreign minister Hoshyar Zebari (pictured): “An agreement will be signed soon to lay out the legal framework for waiving […]
Piling Tech, a subsidiary of the UAE-based business conglomerate Tech Group, said that it has won its first oil sector contract in Iraq, valued at $10 million. Under the terms of the agreement, Piling Tech will be involved in the installation of piles, foundations and wells for the West Qurna-2 oil field in southern Iraq. […]
Flydubai has added two additional Iraqi destinations to its network with flights to Baghdad and Najaf due to start in the New Year. The new routes bring flydubai's network to 48 destinations across 27 countries in the Gulf, Middle East, Africa, Indian Sub-Continent, Asia and the fringes of Europe. Flydubai launched services to Iraq in […]
Basra Council has signed the contract for the construction of 12,000 housing units in the Shatt al-Arab district. The local government allocated 1,600 acres to the project, which is expected to be started within the month and completed within two years. It is to be carried out by a UAE-based company named Kika (?). The […]
Able Logistics Group, a UAE based logistics & transport company, has secured a prized deal with the National Transport Company, an entity of the Iraqi Ministry of Transport, for the co-management of land transport operations to and from Iraq. Abdul Karim Al Zuhairi, the official spokesperson for the Ministry stated to Al Hayat NewsPaper on […]
AKnews reports that trade between the United Arab Emirates (UAE) and Iraq trade was worth $6.5 billion USD (7,500 billion IQD), up from $5 billion USD (6,000 billion IQD) in 2009 according to Iraqi Government figures. The two countries hope to continue this trend and increase trade to $7 billion USD (8,000 billion IQD) at […]
A UAE-based wholesaler and retailer of luxury fashion brands is eyeing acquisition opportunities and joint ventures in Iraq. Tony Jashanmal (pictured), Group Director of Jashanmal National Company, said: "Yes, we are looking for acquisitions, and we have let the word out that we are indeed looking for joint ventures and acquisitions ... We're targeting the […]
