The Anbar provincial council has announced a new project to cultivate desert of the western region. Hasssan al-Mulla, chairman of the council's investment committee, told Aswat al-Iraq news agency: "The provincial council signed a memorandum of understanding with a UAE company, which includes a group of foreign companies, including a British one, to cultivate the […]
By John Lee. Majid Jafar (pictured), the chief executive of UAE-based Crescent Petroleum, has said the company is gearing up for expansion in the Iraqi oil and gas sector. Speaking to Reuters on the sidelines of the World Economic Forum (WEF) in Dubai, he said: "We are looking at entering Libya with the right opportunity. […]
By John Lee. Dana Gas may become the first United Arab Emirates (UAE) company to fail to pay an Islamic bond on maturity, according to a report from Reuters which cites "three sources familiar with the matter". Shares in the UAE's largest listed natural gas firm fell more than 4% on the Abu Dhabi Securites […]
Low-cost airline Air Arabia has announced the launch of services to Erbil, its second destination in Iraq. Flights to the Iraqi city will commence on October 14th, marking Air Arabia’s 76th destination worldwide. The carrier will offer four weekly services between Sharjah and Erbil. On Mondays, Fridays and Sundays, flights depart from Sharjah International Airport […]
By John Lee. Air Arabia is to launch services to Erbil from 14th October, according to a report from Arabian Aerospace. The company will offer four weekly services between Sharjah and Erbil: On Mondays, Fridays and Sundays, flights depart from Sharjah International Airport at 07:00 and arrive in Erbil International Airport at 09:00. Return flights […]
By John Lee. Emirates Airlines has commenced flights to Erbil, considered to be one of the oldest cities on earth. An Emirates’ A340-300, carrying a VIP delegation and media landed in Erbil, the capital of northern Iraq and the airline’s third gateway into the country after Baghdad and Basra. Travelling aboard the inaugural flight, which […]
Aquascapes, the swimming pools design and construction division of UAE based Belhasa Projects has won new projects in Iraq and Maldives. In Erbil, Iraq, the company has won contracts for landscape design for a luxurious villa and a hotel. According to Malay Shah, General Manager, Aquascapes: "We are excited to enter the landscape design market […]
By John Lee. Two contracts have been signed with a company from the United Arab Emirates to invest in the Zubair Free Zone, according to a report from Aswat al-Iraq. AIN names the company as "Oren Hidrocker Pons", and says it is a specialist in the chemical industry. One project is described as "commercial", the […]
Reinforcing and strengthening the airline’s commitment to Basra, Emirates adds three additional flights between Dubai and the Iraqi southern port city, increasing the service from four to seven flights per week. Effective today (Wednesday 1st August), EK 945 will depart daily from Dubai at 13:55 hours and touch down at Basra International Airport at 14:45 […]
By John Lee. Abu Dhabi Islamic Bank (ADIB) said on Tuesday that it has launched operations in Iraq, reportedly the first UAE-based financial institution to get approval from the Iraqi Central Bank to operate there. The lender said it would initially serve corporate and private banking customers, but will eventually offer corporate finance, investment banking […]
Bloomberg reports that Iraq has agreed a $245 million contract with IIAJ Ltd, of the the United Arab Emirates, to build 1,083 housing units in Diwaniya. The al-Zahra residential compound is to be completed within two years on the southwestern side of Diwaniya city, a spokesman for the Diwaniya Investment Commission told the news agency. The […]
An energy company based in the United Arab Emirates has reportedly signed a contract with Iraq's Free Zones Department to invest in the Khor al-Zubair Free Zone. In a statement received by Aswat al-Iraq, the project will cover an area of 16,000 square meters. It was also announced that an Iraqi company will invest in […]
