#Iraq

First Abu Dhabi Bank to open representative office in Iraq

The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020

OPEC+ agrees on another gradual oil-output hike for March

Oil prices soared to a seven-year high above $90 a barrel last month, stirring expectations of a return to triple-digits

Power Letters 2022: Mohammad A. Baker, deputy chairman and CEO, GMG

Whether it is acquiring new international brands or developing homegrown concepts, when an opportunity presents itself, we go after it

Dana gas

Dana Gas reports 2021 collections from Egypt and Kurdistan of $377m

It marked a 107 per cent year-on-year rise over the $182m it received in 2020

UAE retailer GMG gets Nike distribution rights for Egypt, Iraq

GMG will become the official distributor partner for Nike in Egypt by June 2022, covering everything from brand management to retail and distribution

Expo 2020 Dubai pavilions: Morocco, Korea, Romania, Ghana, Croatia, Iraq, Venezuela, Botswana

Here’s a list of eight participating country pavilions and their offerings

Abu Dhabi’s Masdar signs agreement to develop solar projects in Iraq

Iraq is aiming to increase the percentage of renewables to 20-25 per cent in its power production capacity by the end of the decade

Iraq agrees to sign deal with Total to execute energy projects

Total, after signing the deal, will also build a 1,000 megawatt solar power plant

Dubai’s Drake & Scull International bags contracts of over Dhs376m

DSI is also bidding for a Dhs260m project in Kuwait and for projects valued at Dhs1.49bn in Iraq

UAE announces $3bn investment in Iraq

The joint statement came at the conclusion of the official visit by Iraqi Prime Minister Dr. Mustafa Al Kadhimi to the UAE

Talabat to launch operations in Iraq

The company will initially launch operations in Erbil, Iraqi Kurdistan early next year, before expanding into Federal Iraq

Oil slides from five-month high on cloudy demand outlook

OPEC+ also warned at a meeting on Wednesday that the pace of the demand rebound was slower than expected

Saudis keep pressure on OPEC cheats before ministerial talks

Riyadh’s struggle to enforce compliance has been a long-running issue

OPEC readies next move in bid to avoid oil-market taper tantrum

While oil prices have recovered to $43 a barrel in London, from a two-decade low of $15.98 in late April, sentiment in the market remains fragile

OPEC cuts output to lowest since 1991 as virus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month

Abu Dhabi City United Arab Emirates

UAE’s Taqa to offer more shares in asset-transfer deal

Taqa has 23 gigawatts of power-generation capacity globally, with assets in Canada, Ghana, India, Iraq, the US and several other countries

Iran missile that downed Ukraine jet fired ‘without permission’

Iran has sent the aircraft’s black boxes to France for analysis after months of delay

Oil extends drop with virus milestones spurring demand angst

A surge in cases across the southern and western US is causing states to reinstate measures, threatening the outlook for oil demand

OPEC says virus to keep fuel demand under pressure this year

The slow resumption of flights will constrain jet-fuel consumption, and high unemployment will restrict gasoline use

saudi arabia riyadh

Saudis cut July oil supply to some Asian buyers by up to 40%

The cuts were widespread across the region from South Asia and Southeast Asia to some parts of North Asia

Oil retreats toward $38 on signs US crude stockpiles expanded

Futures dropped 1.9 per cent in New York, erasing almost all of the gains from the previous session

Kurds Issue New Call To Arms Against Islamic State In Syria

The Kurdistan Workers Party renewed a call for the youth of Turkey’s mostly Kurdish southeast to rise up and rush to save the frontier town of Kobani.

Top 10 Countries With The World’s Biggest Oil Reserves

South American nation Venezuela tops the list, followed closely by Saudi Arabia.

Dubai Expats Lured Back For Jobs In Iraq, Afghanistan

Iraq and Afghanistan firms are offering flashy salaries to former nationals to lure them back home to rebuild the nations.