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UAE

Hakan Agro

Industry: 
Agriculture, Trading
Country: 
UAE
Sources: 

"Iran is about to open for business, and the world's grain traders are lining up. Food wasn't subject to sanctions, but the rules created enough difficulty to keep out many grain suppliers. Now, with world powers expected to lift restrictions as early as next year, new companies are entering the market... Hakan Agro DMCC, which already supplies dairy products to Iran, is planning to expand its business in the country to grains, Scott Wellcome, a trader at the Dubai-based company, said in an interview in Geneva. Iran could become a 'big hub' for the Middle East and North Africa region and has the land to expand storage facilities, he said." (Bloomberg News, "Grain Traders Eye Business in Iran as Sanctions Set to Ease," 11/9/15)

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DP World

Industry: 
Shipping
Value of USG Contracts: 
4
Value of USG Contract Source: 
https://www.fpds.gov/ezsearch/fpdsportal?s=FPDSNG.COM&sortBy=OBLIGATED_AMOUNT&q=%20GLOBAL_DUNS_NUMBER%3A%22864318253%22%20SIGNED_DATE%3A[2000/01/01%2C%29&indexName=awardfull&templateName=1.4.4&desc=Y
Country: 
UAE
Sources: 

"DP World, one of the world’s largest port operators, said on Thursday it is talking to Iranian authorities about starting port operations in the country. The company is interested in Iranian port operations on the Caspian Sea and in the Gulf, Chairman Sultan Ahmad Bin Sulayem told reporters on a conference call on Thursday. 'Iran has a great land bridge of rail that will connect the Silk Road … and we figure with our ports in the Gulf we need to go through Iran,' he said. Two out of DP World’s three ports in the UAE, including flagship Jebel Ali, are in the Gulf and it has port operations on the Caspian Sea in Kazakhstan. The port operator is just one of many multinational firms that have expressed interest in investing in Iran once sanctions are lifted... Bin Sulayem said he visited Iran two weeks before the agreement was reached. 'We are very interested in the Iranian market and we believe it has great potential,' he said." (Gulf News, "DP World in talks to operate ports in Iran," 8/27/15)

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"DP World, one of the largest port operators in the world, is weighing investments of up to $1 billion in Iran, the IRNA news agency quoted officials as saying. A delegation from the Dubai-based company, including its chairman and executives and their British partners, is visiting Iran on a three-day trip to study investment opportunities, it said. On Tuesday, they visited the Caspian port of Bandar Anzali, the Qeshm island in the Persian Gulf and Chabahar on the Gulf of Oman to assess trade capacities. 'The Emirati delegation will be examining the capacities of the three free trade zones for an investment of $500 million to $1 billion,' deputy head of the Chabahar Free Trade Zone Mohsen Mohammadi Moin said." (Press TV, "Top port operator weighs Iran investment," 7/8/215)

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Emirates

Industry: 
Airline
Country: 
UAE
Sources: 

 

"The opening of a new air corridor between two neighboring countries rarely captures the attention of the world's media. But when Emirates Airline launched flights from Dubai to Mashhad on 1 September, everyone knew the UAE flag-carrier was thinking about much more than its own bilateral links with Iran. Air traffic between the two countries has been rising since long before July's landmark nuclear agreement... FlyDubai has followed suit by expanding its Iranian network from two to nine destinations this year, while Etihad has more than doubled frequencies on its Abu Dhabi-Tehran route. Much the same script is being followed across the water in Doha, where flag-carrier Qatar Airways has grown seat capacity on its three Iranian routes by 30% since last summer." (Al Arabiya, "Iran plays catch-up in Gulf aviation boom," 9/13/15) 

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RAK Ceramics

Industry: 
Manufacturing
Country: 
UAE
Contact Information: 
Sources: 

"UAE-based RAK Ceramics, one of the world's largest makers of ceramic goods, said on Wednesday it had fully acquired its subsidiary in Iran, the latest investor seeking opportunities after Tehran's nuclear deal. As a close neighbour to Iran, the UAE stands to be a major beneficiary of closer trade relations once sanctions against the Islamic Republic are lifted as part of the July 14 deal with big powers mandating limits on its disputed nuclear activity. RAK Ceramics, which has a distribution network covering around 160 countries, said in a statement it had 'a long term vision for the Iranian market both domestically and as an export centre in Central Asia as the sanctions regime gets lifted'." (Arabian Business, "UAE's RAK Ceramics fully acquires Iran unit," 8/5/15)

Belfast General Trading

Industry: 
Trading
Country: 
United Arab Emirates
Contact Information: 
Sources: 

"The United States added nine individuals and entities to its Iran sanctions blacklist in a move condemned Wednesday by Tehran as a 'blatant violation' of goodwill amid long-running nuclear talks. The US Treasury named five men from Iran and elsewhere as well as Dubai-based Belfast General Trading for sanctions violations linked to efforts to support the Islamic republic's acquisition of US currency. It said Belfast General had converted more than $250 million of Iranian government-held currencies into dollar notes which were then delivered to Tehran." (Agence France-Presse, "US adds nine to Iran sanctions blacklist," 12/31/14)

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Central Bank of the United Arab Emirates

Industry: 
Financial Services
Country: 
UAE
Contact Information: 
Sources: 

"Bank Melli of Iran and the Central Bank of the United Arab Emirates (UAE) have agreed to boost bilateral ties. The agreement was reached during a meeting between the Managing Director of BMI Abdolnaser Hemmati and UAE Central Bank Governor Mubarak Al Mansouri in Abu Dhabi, Iran's Fars news agency reported on Dec. 22. During the meeting, Al Mansouri said that the UAE Central Bank will help BMI to widen the activities of its branches in UAE. BMI has seven branches in different cities across UAE." (Trend, "Iran's BMI, UAE Central Bank to expand ties," 12/22/14)

Mammut

Industry: 
Transportation Infrastructure
Country: 
UAE
Sources: 

"An official from the National Iranian Oil Products Distribution Company (NIOPDC) said. Iran has signed agreement to buy 126 tank trucks from the UAE based Mammut company. Abbas Filsaraei, an NIOPDC deputy director said that the trucks are to enter the country's fuel transport network, after the necessary licenses are issued by the Iranian National Standards Organization, the official SHANA news agency reported Nov. 6. The Mammut Company will provide Iran with 1000 tank trucks, Filsaraei said, adding the price of each tank truck is about $200,000." (TREND, "Iran to buy 126 tank trucks," 11/6/14)

Dana Gas

Industry: 
Energy
Country: 
United Arab Emirates
Sources: 

"United Arab Emirates-based energy firm Dana Gas said an international tribunal had issued a favourable ruling in the dispute over a natural gas supply contract between its affiliate Crescent Petroleum and Iran. The tribunal ruled a 25-year contract for National Iranian Oil Co (NIOC) to supply gas to Crescent was valid and binding on both parties, and that NIOC has been obligated to deliver gas since December 2005, Dana said in a statement on Sunday. NIOC and Crescent signed the 25-year contract in 2001, with the price linked to oil. But deliveries were delayed as oil prices rose and some officials and politicians in Iran called for a revision to the gas pricing formula. Crescent Petroleum started arbitration proceedings in July 2009; a three-person arbitration tribunal was formed under terms of the contract." (Reuters, "UAE's Dana Gas says tribunal gives favourable ruling on Iran deal," 8/10/14)

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Anham FZCO

Country: 
UAE

FlyDubai

Industry: 
Airline
Country: 
UAE
Sources: 

 

"The opening of a new air corridor between two neighboring countries rarely captures the attention of the world's media. But when Emirates Airline launched flights from Dubai to Mashhad on 1 September, everyone knew the UAE flag-carrier was thinking about much more than its own bilateral links with Iran. Air traffic between the two countries has been rising since long before July's landmark nuclear agreement... FlyDubai has followed suit by expanding its Iranian network from two to nine destinations this year, while Etihad has more than doubled frequencies on its Abu Dhabi-Tehran route. Much the same script is being followed across the water in Doha, where flag-carrier Qatar Airways has grown seat capacity on its three Iranian routes by 30% since last summer." (Al Arabiya, "Iran plays catch-up in Gulf aviation boom," 9/13/15)

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“Dubai-based airline flydubai today announced the launch of flights to Mashhad and Tehran, the carrier’s first two destinations in Iran, starting from August 10 and 11, respectively. flydubai will serve Iran with four flights a week, providing passengers with greater convenience when travelling between the UAE and Iran. With a network of 77 destinations the carrier is looking to expand its network in the market as it continues to strengthen trade and travel links from Dubai to the region.” (Khaleej, "Flydubai launches flights to Iran starting next week," 8/3/14)

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