Thursday 24 April 2014

Air Arabia to launch Armenia flights

Sharjah-based low-cost carrier (LCC) Air Arabia has announced plans to fly twice a week to Armenian city of Yerevan, starting from August 16. Yerevan is Air Arabia’s fifth new route in 2013 and 86th worldwide from the carriers ope


Dubai firm wins $3bn projects in Armenia

  Dubai-based investment company, Rasia, has been awarded the concession for two key railway and high speed road projects in Armenia, according to a statement.   The Southern Armenia Railway and Sou


Turkey searches Armenian plane en route to Syria

  Turkey ordered an Armenian plane flying to the Syrian city of Aleppo to land on Monday and authorities were searching its cargo, as Ankara steps up efforts to prevent its air space being used to supply the Syrian military.


Iran looks to Armenia to skirt bank sanctions

With international sanctions squeezing Iran, the Islamic Republic is seeking to expand its banking foothold in the Caucasus nation of Armenia to make up for difficulties in countries it used to rely on to do business, according to diplomats and


Iran-Armenia set to build oil pipeline

Construction will begin this year of a pipeline taking oil from Iran to Armenia, boosting the isolated ex-Soviet state’s energy security, the Armenian energy minister has said. The 365km pipeline from the Iranian city of Tabriz to Eraskh i


Flydubai debut flight arrives in Armenia

Flydubai said its inaugural flight to the Armenian capital, Yerevan, touched down on Sunday afternoon, making it the 25th operational route for Dubai’s budget airline. The airline will initially operate two flights a week and the


Rak Minerals acquires Armenian mine

Rak Minerals and Metals Investments (RMMI) on Wednesday announced the acquisition of Armenian mining firm TSCC Armenia, thus successfully expanding its footprint into Eastern Europe. The 100 per cent acquisition covers three mining comple

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