Category : Business
Iraqi-Turkish Economic Forum activities kick off in Kirkuk
The Iraqi-Turkish Economic Forum in Kirkuk kicked off activities to enhance partnerships between companies from the two countries. Due to the COVID-19 pandemic, most companies and investors relied on mediation to conduct their business, resulting in an increase in goods burdening Kirkuk citizens, according to the first deputy of the......
Iraq Oil Ministry signs deal with Azerbaijani company for drilling and oil services
SOCAR, an Azerbaijani company, is awarded a contract by Iraq’s oil ministry to provide drilling and oil services. Basim Abdel Karim, the company’s general manager, noted in a statement that the contract includes drilling and reclaiming oil wells, noting that the contract is for three years, but may be extended.......
First Islamic global crowdfunding platform to operate in Oman
Chairman of the Capital Market Authority (CMA), Shaikh Abdullah Salem al Salmi, approved on Thursday the licensing of the first crowdfunding platform operator in the Sultanate of Oman, Ethis Investment Platform LLC. It is the first Islamic global crowdfunding platform to operate in Oman. A nod from the Authority is......
Several licenses signed to drill oil wells in Iraq by the Ministry of Oil
The Iraqi Ministry of Oil has signed contracts with foreign companies for the drilling of new oil wells in Kirkuk, Baghdad, Basra, Maysan and Nasiriyah, as part of a long-term plan to increase oil production to eight million barrels per day by the end of 2027. Director of the Iraqi......
Iraq making progress in transition to clean and renewable energy
Ihsan Abdul-Jabbar Ismail, the oil minister of Iraq, attended the International Petroleum Technology Conference (IPTC) in Saudi Arabia. Hosted exclusively by Aramco, the IPTC generated a lot of buzz with oil ministers from Iraq, Saudi Arabia, Egypt, Bahrain, the United Arab Emirates and Kuwait attending. In addition to upcoming trends......
Rabee Securities to organize three-day event at Expo 2020 Iraq Pavilion
Rabee Securities is hosting a three-day event at the Iraq Pavilion at EXPO 2020 in order to showcase Iraq’s top technology start-ups. The most promising entrepreneurs in Iraq will present their ideas and interested parties will have a chance to meet them one-on-one from 7-9 March. Among the start-ups scheduled......
ADNOC L&S increases fleet size with new VLCC acquisitions
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), announced the acquisition of two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight. The VLCC fleet expansion plays a......
UAE to boost Iraq’s economy with $3 billion investment
The UAE announced a $3 billion investment in Iraq in a fresh bid to strengthen the economic and investment relations between the two fraternal nations. The new investments are aimed to tap new prospects of partnerships between the two countries and accelerating socio-economic and developmental growth in support of the......
UAE – Iraq hold talks as Sheikh Mohamed meets Iraq PM
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Dr. Mustafa Al Kadhimi, Prime Minister of Iraq, held discussions at Qasr Al Watan, Abu Dhabi, on Sunday. They discussed ways to enhance the fraternal relations between......
Aldar announces mega re-development plans for Yas Mall
Aldar Investment announced an AED 500 million redevelopment plan for Yas Mall to reinforce the asset’s position as the centerpiece of Yas Island, Abu Dhabi’s fast-growing residential and leisure destination. The substantial investment will enhance the customer journey by reimagining the mall’s spaces and introducing new innovative retail concepts. The......