Tag Archives | United Arab Emirates

UAE’s Piling Tech wins $10m West Qurna-2 Contract

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 adds two new Iraqi routes

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 […]

Contract Signed for Basra Housing Project

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 Seals Transport Agreement with Iraq

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 […]

Iraqi-Emirati Trade Reaches $6.5bn

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 […]

Dubai's Jashanmal Considers Acquisitions in Iraq

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 […]

Invest AD Iraq Fund up 27%

The head of Invest AD, the Abu Dhabi-based investment firm, sees growth in Iraq and Qatar. Gulf News reports that performance by the firm's Iraq fund has been particularly strong. "This year, with political change in the Middle East, performance has been varied, with a large dispersion of returns across the region," executive director Mohammad […]

Iraq's Planning Minister Meets UAE Ambassador

Iraq’s Planning Minister, Ali Yousif al-Shakari [Ali al-Shukri], pictured, met with Rashid al-Mansouri, the Ambassador of the United Arab Emirates (UAE), to discuss joint cooperation between the two countries. Minister Shakari expressed his admiration for the UAE, according to Aswat al-Iraq. The agency quotes the Ambassador as “having expressed UAE’s readiness to expand horizons of […]

Basra Backs UAE Refinery Bid

A bid from an Emirati company to invest in one of Basra’s oil refineries to boost domestic production has won the support of the Basra Investment Commission. Haider Ali Fadel, chairman of the Commission, told AKnews on Monday that the Bin Khalid Group’s bid to increase the refinery’s production capacity to around 300,000 barrels per […]

Etihad Celebrates Success of its Services in Iraq

Etihad, the national airline of the United Arab Emirates (UAE), this week celebrates its very successful first year of operations in Iraq. Etihad, the first airline in the UAE to fly to Baghdad, commenced services from Abu Dhabi to the Iraqi capital in April 2010 and two months later commenced operations to Erbil, its second […]

Baghdad to Sign $15 Billion Housing Contract

Bloomberg reports that Iraq will sign a contract with Arab investors next month for a $15 billion [18 trillion Iraqi dinars] housing project . One investor from the United Arab Emirates and another group of companies from the U.A.E. and Kuwait are the finalists in the bidding process, Saber al-Issawi, the governor of Baghdad, said […]

UAE Ambassador Reviews Investment Opportunities in Anbar

The United Arab Emirates (UAE) ambassador to Iraq Abdullah Ibrahim reviewed with local officials in Anbar on Thursday economic conditions and investment and trade opportunities in the province, a local council source told Aswat al-Iraq news agency. “Ambassador Ibrahim met with Anbar Provincial Council Chairman Jassem Mohammed Hamad and other members and exchanged views on […]