From the Iraq Britain Business Council (IBBC): IBBC Autumn Conference in Dubai examines: 'Iraq - Building a sustainable future'. For the first time in over 30 years, Iraq is currently experiencing a relatively golden scenario with high oil prices and government surpluses, a stable government, and peaceful borders. A stable economy is also leading to […]
By John Lee. Dubai-based Trelleborg Marine and Infrastructure has reportedly supplying sealing systems to South Korea's Daewoo Engineering & Construction (Daewoo E&C) for the Khor Al Zubair Immersed Tunnel project. According to the company, this is currently the largest immersed tunnel being constructed in the Middle East. It says that Trelleborg's portfolio of sealing systems […]
By John Lee. Iraq's Oil Minister has 'activated' three contracts with UAE-based Crescent Petroleum, as part of Iraq's fifth licensing round. The contracts are aimed at harnessing 400 million standard cubic feet of gas per day, within one and a half years, from the following development blocks: Gilabat-Qumar [Kalabat], in Diyala Khashim Ahmer-Injana [Khasham Al-Ahmar], […]
The tenth session of the UAE-Iraq Joint Committee was held on Wednesday, September 13, 2023, in the Iraqi capital, Baghdad, co-chaired by His Excellency Khalifa Shaheen Al Marar, UAE Minister of State, and His Excellency Dr. Fuad Hussein, Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Iraq. The Committee meetings included […]
By John Lee. ADNOC Logistics and Services plc (ADNOC L&S), has taken delivery of eight self-propelled jack-up barges (JUBs) through its subsidiary Zakher Marine International (ZMI) Holdings. In a statement to the markets on Monday, it said that one of the barges will serve the Iraqi market, "marking ADNOC L&S' entry into a new market […]
By John Lee. The Minister of Electricity presided over a significant meeting with a delegation from the UAE-based company Masdar. The company is planning solar power projects in Maysan, Thi Qar, Anbar, and Kirkuk. The minister highlighted the government's commitment to diversify energy sources and reduce reliance on gas and fossil fuels. He emphasized the […]
By John Lee. UAE-based Dana Gas said on Wednesday that its Pearl Petroleum subsidiary recently received $101 million payments from the Kurdistan Regional Government (KRG). However, the shares were trading down approximately 1 percent, as overall revenues and profits saw a decline. Full statement from Dana Gas: Highlights - H1 2023 KRI production increased by […]
By John Lee. The Kurdistan Region of Iraq has started to export potatoes to the United Arab Emirates. According to a statement from the KRG, more orders are expected. Full statement from KRG: The agricultural sector in the Kurdistan Region is experiencing remarkable growth, particularly in the area of potato cultivation. This progress is evidenced […]
By John Lee. The Iraqi Minister of Transport, Mr. Razaq Mahibis Al-Saadi, held a wide-ranging meeting with a delegation from the United Arab Emirates (UAE) representing Abu Dhabi Ports and Etihad Rail at the Ministry's headquarters in recent days. He welcomed the visiting delegation, highlighting the exceptional relationship between Iraq and the UAE and expressing […]
By Salim A. Essaid for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Saudi Arabia, UAE invest $6 billion in Iraq operations The United Arab Emirates and Saudi Arabia will join together to boost trade and commerce in Iraq. Click here […]
Basra Gateway Terminal (BGT), International Container Terminal Services, Inc.'s (ICTSI) operation at the Port of Umm Qasr, recently welcomed the first direct freight service between the United Arab Emirates (UAE) and Iraq. Operated by DP World, the service connects Jebel Ali in Dubai with Umm Qasr and potentially all of Iraq with what a press […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Emir's second visit in two years highlights rising Qatari role in Iraq Qatar's Emir Sheikh Tamim bin Hamad Al Thani has met with top officials in Baghdad in his second visit to Iraq […]
