Tag Archives | United Arab Emirates (UAE)

Iran-Iraq Trade Continues Despite Disruption

By John Lee. Iran has reportedly closed its land borders to Iraq in response to the upsurge in violence in the country. According to AFP, Iranian flights to the country have also been halted. Meanwhile, Iran's Mehr News says that while passenger travel is suspended, people are being allowed to return to their home countries, […]

Dana Gas: "Strong Operational and Financial Performance"

Dana Gas PJSC has announced its financial results for the half year ended 30 June 2022. In the first six months of the year, the Company generated a net profit of AED 407 million ($111mm) or 5.8 fils per share, an 82% increase compared to an adjusted net profit (excluding reversal of impairment) of AED […]

Dnata Invests $17m in Iraq

By John Lee. Dubai-based air and travel services provider dnata has announced significant expansion of its operations in Erbil. The company opened a new, advanced cool chain facility and a bus maintenance facility for its state-of-the-art bussing fleets at Erbil International Airport (EBL), which together represent a total investment of US$ 3.5 million. dnata has […]

Sri Lanka to close Embassy in Baghdad

By John Lee. The Sri Lankan Ministry of Foreign Affairs has announced that it will temporarily close its Embassy in Baghdad. The decision, with effect from 30 April 2022, is part of a general restructuring of Sri Lanka's diplomatic representation overseas, undertaken in the context of economic situation and foreign currency constraints faced by the […]

KRG and UAE sign MoU on Governance

KRG Prime Minister Masrour Barzani and UAE Minister of Cabinet Affairs, Mohammed al-Gergawi on have signed a Memorandum of Understanding (MoU) on governance and the exchange of information. The MoU will further cooperation between the KRG and UAE, with the UAE offering the Kurdistan Region assistance in the development of government affairs and human resources, […]

UN: Arbitrary Detention of Foreign Businessmen in Iraq

By John Lee. The UN Working Group on Arbitrary Detention has concluded that Australian engineer Robert Pether and Egyptian engineer Khalid Radwan were "arbitrarily detained on discriminatory grounds", and demanded their immediate release. The pair have been detained in Iraq since April 2021, following a contract dispute relating to the construction of the new Central […]

First Abu Dhabi Bank to open Office in Iraq

By John Lee. First Abu Dhabi Bank (FAB) has announced that it will open a representative office in Iraq. The new representative office will primarily service Sovereign and Government Related Entities (GREs), Financial Institutions and Iraqi institutional clients in addition to clients with business interests in Iraq. Hana Al Rostamani (pictured), Group Chief Executive Officer […]

Iraq to host World Cup Soccer Qualifier

By John Lee. The President of the Iraq Football Association (IFA) has confirmed that Iraq's forthcoming World Cup qualifier against the United Arab Emirates (UAE) will take place in Iraq. Adnan Dirjal, who is also Minister of Youth and Sport, said the match will be held at the Al-Madina International Stadium in Baghdad in late […]

ABB partners with INTECH Process Automation in Iraq

ABB named system integrator and automation solution provider INTECH Process Automation UAE as ABB Value Provider (AVP) for the UAE and Iraq. The AVP program ensures that the services customers receive from AVPs meet the high quality standards of ABB products both globally and locally. Huseyn Tarek, Regional President - MEA&CIS Management, INTECH, said: "We […]

Will Iran's Electricity Cut turn Iraq towards Gulf?

By Muhammad Jawad Adib for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Will Iran's electricity cut turn Iraq toward Gulf? Iraq is facing reduced electricity and gas supplies from Iran, which might lead Iraq toward an electricity connection with the […]

dnata enhances Cargo Offering in Erbil

Dubai-based air services provider dnata says it has achieved an important milestone in Erbil, with the implementation of its 'OneCargo' system, digitizing processes and maximizing efficiencies across its cargo operations in Iraq. According to a press release, the advanced tool, which dnata plans to launch globally, is expected to deliver significant commercial benefits for customers. […]