Iraq | Sharjah Update

Increased production levels & hydrocarbon prices boost Dana Gas net profit by 70%

Sharjah-based energy company Dana Gas PJSC (DANA:ADX) has announced a 70% rise in net profits for the second quarter of 2014 totaling US$ 46 million (AED 169 m), citing an increase in production across its projects and higher realised hydrocarbon prices. The company, which is the Middle East’s largest regional private sector natural gas company, reported an increase in average overall production ...

Shurooq meets business and government leaders in Erbil

The Sharjah Investment and Development Authority (Shurooq) met with business and government leaders from the Kurdistan Region of Iraq earlier this month in Erbil, the region’s capital city. The authority’s visit came as part of an 150-strong delegation to Erbil representing 54 UAE government departments and major private sector businesses in conjunction with the second ‘TradeUAE Iraq’ exhibition. Iraq is ...

Shurooq takes Sharjah investment message to Russia and Iraqi Kurdistan

The Sharjah Investment and Development Authority (Shurooq) is promoting Sharjah’s investment proposition to Iraqi Kurdistan and Russia this month. The Russian Federation is a major trading partner of the United Arab Emirates with bilateral trade in excess of US$1.5 billion (AED 5.5 billion), while non-oil trade between the UAE and Iraq reached a total of US$8 billion (Dh29.42 billion) in ...