Abu Dhabi-based venture capital fund EQIQ is making significant strides in Iraq’s technology sector, planning to double its fund size from $15 million to $30 million by the end of the year. This ambitious move comes as the country experiences a surge in entrepreneurial activity, particularly in areas like FinTech, e-commerce, and logistics. Mohamed Al...
Abu Dhabi-listed NMDC Energy is actively working to strengthen its ties with Chinese companies as part of its strategy to expand its operations. The company is particularly focused on securing new contracts in Iraq, North Africa, and Nigeria. In its pursuit of growth opportunities, NMDC Energy is exploring the potential for collaboration with Chinese firms...
On behalf of President Mohamed bin Zayed Al Nahyan, Mansour bin Zayed Al Nahyan, who serves as the Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, is leading the UAE delegation to the 34th Arab Summit. This significant event is being hosted today by the Republic of Iraq. The UAE delegation is...
The second UAE-Iraq Business Forum commenced yesterday at the Sheraton Dubai Creek Hotel, aiming to strengthen trade ties between the two nations. This event was organized by the Federation of UAE Chambers of Commerce and Industry in collaboration with the UAE Ministry of Foreign Affairs (MOFA) and the Federation of Iraqi Chambers of Commerce. The...
UK-based engineering consultancy Wood announced on Monday that it has secured two new engineering and procurement framework agreements valued at $11 million in Iraq, awarded by TotalEnergies EP Ratawi Hub. These agreements are part of the Gas Growth Integrated Project (GGIP). Each contract has a three-year duration, during which Wood will assist TotalEnergies in advancing...
OPEC has announced updated plans requiring seven countries, including Saudi Arabia and the UAE, to implement further oil output cuts. This decision comes as these nations have been pumping above the agreed quotas. The announcement was made on Wednesday, indicating that the new measures aim to stabilize the oil market amid ongoing adjustments since late...