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Business, Geostrategy

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Rockets hit Emirati-owned gas complex in north Iraq

The sun sets as flare stacks burn off excess gas at the Mushrif site inside the Zubair oil and gas field, north of the southern Iraqi province of Basra. AFP
By TRENDS Desk AFP
July 26, 2022 8:50 am
  • In June, the site owned by UAE energy company Dana Gas was targeted three separate times by rockets that did not cause casualties or damage
  • The gas field lies between the cities of Kirkuk and Sulaimaniyah, in a region administered by Kurdish authorities

Three Katyusha rockets hit a gas complex in Iraq’s autonomous Kurdistan region on Saturday, a local official said, in the latest attack to target the Emirati-owned facility.

“It is still not yet clear if there was any damage” in the attack on the Khor Mor complex, said Ramak Ramadan, district chief of Chamchamal where the facility is located.

In June, the site owned by UAE energy company Dana Gas was targeted three separate times by rockets that did not cause casualties or damage.

No none has claimed responsibility for the attacks.

The gas field lies between the cities of Kirkuk and Sulaimaniyah, in a region administered by Kurdish authorities.

Rockets also struck the Kawergost refinery in Kurdistan in April and May.

The assaults have come amid a simmering oil dispute between Kurdistan and the federal government in Baghdad.

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