Tag Archives | Abu Dhabi

Etihad to End Flights to Tehran

By John Lee. Abu Dhabi-based Etihad Airways will reportedly stop flying to Tehran. According to Reuters, the airline will reduce its service from five flights per week to two from 25th December, before stopping completely on 24th January. No reason was given for the suspension, but the airline is currently engaged in a strategy review. […]

Iran Says Ready to Revive Crescent Deal

Iranian Minister of Petroleum Bijan Zangeneh says Iran has notified Crescent Petroleum of its readiness to export natural gas to the Sharjah-based company. Speaking in an interview with Iran Daily, the official said: “We have informed Crescent Petroleum that we are ready to recover gas exports to the company and have carried out all the […]

Rotana to Open 1st Hotel in Iran ‘Soon’

The head of Rotana hotels group, based in Abu Dhabi, said it plans to open its first hotel in Iran in less than a year. “We have signed hotels in Tehran, Mashhad and Isfahan. We expect to open our first hotel in Mashhad, a shrine city, by the first quarter of next year,” Rotana’s President […]

India Drops Plan to Buy UAE Oil, Turns to Iran

India plans to buy 6 million barrels of Iranian crude oil after its talks with the United Arab Emirates’ national oil company for supplies came to a close over commercial terms, industry sources said. Three industry sources with direct knowledge of the matter said India would buy 6 million barrels of Iranian Mix crude from […]

RAK Ceramics wants to Expand Iran Operations

By John Lee. Ras Al Khaimah-based RAK Ceramics has said it wants to expand its manufacturing operations in Iran. According to a report from The National, the Abu Dhabi-listed company fully acquired its Iranian business last August, which was financed by the World Bank when it started in 2003. Nour Eldeen Sherif, an equity analyst at […]

Airbus in Talks with Tehran to Produce Components

Iran could begin making parts for Airbus Group SE aircraft under plans being discussed following January’s historic agreement to purchase 118 jetliners from the European manufacturer. Airbus’s Middle East office said the company is evaluating areas of industrial cooperation with Iran that may include component production and maintenance and overhaul work, Bloomberg reported. Iran developed […]