Search Results | 'kurdistan'

IBN: Kurdistan Oil Shares Lower on Miran West-3 Up…

IBN: Kurdistan Oil Shares Lower on Miran West-3 Update http://t.co/NmACprRp

Posted in 0 Comments

IBN: Signs of Progress for Women in Kurdistan http…

IBN: Signs of Progress for Women in Kurdistan http://t.co/dIFsBRI3

Posted in 0 Comments

First Lithuanian Delegation Visits Kurdistan

First Lithuanian Delegation Visits Kurdistan

The first official and business delegation from Lithuania has visited the Kurdistan Region to meet with local officials and explore potential areas of cooperation.

The large group was headed by the Lithuanian Vice-Minister of Economy, Mr Daumantas Lapinskas, and included the Vice-Minister of Agriculture, Mr Mindaugas Kuklierius, and the Deputy Director of External Economic Relations Department from the Lithuanian Ministry of Foreign Affairs, Mr Regimantas Jablonskas. These senior officials met with a number of KRG ministers and representatives during their three-day visit to the Region.

Mr Lapinskas, said that the delegation was surprised by the vast progress taking place in the Region and that they were pleased with the warm hospitality they had received. He said, ‘We have witnessed much development across the city, and we believe there is much interest from our business community to engage in Kurdistan.’

The delegation pledged to return to Lithuania and raise more awareness about the safety, stability and progress that they witnessed and about the significant economic opportunities Kurdistan has to offer.

In addition to the official meetings attended by the delegation’s senior leadership, a business forum was hosted by the Erbil Chamber of Commerce, the KRG Ministry of Trade and Industry, and the KRG Ministry of Planning for the representatives of the 16 Lithuanian businesses that accompanied the delegation. The forum was also attended by dozens of director-generals from the various ministries and by local businesses interested in building stronger ties with Lithuania.

Commenting on the visit, the KRG Minister of Trade and Industry, Mr Sinan Chalabi said, “I was pleased to see such a large delegation. We witnessed significant success from the business forum, and we are hopeful that these meetings will lead to a number of important partnerships in the future.”

Posted in Industry & Trade0 Comments

IBN: First Lithuanian Delegation Visits Kurdistan…

IBN: First Lithuanian Delegation Visits Kurdistan http://t.co/Dyuu6sjb

Posted in 0 Comments

5 Traffic Helicopters Arrive in Kurdistan

The Kurdistan Regional Government (KRG) has taken delivery of five helicopters to help control traffic, says Aswat al-Iraq.

We bought helicopters to develop the traffic system in the region and to use the modern technology to tackle the all traffic problems,

The Kurdistan Region has seen a steady increase in the number of victims of road traffic accidents.

Two of the helicopters will be delivered to Erbil, two to Sulaimaniya, and one to Duhuk, said Rizgar Mohammad Ali, the KRG’s Traffic Police Director.

(Source: Aswat al-Iraq)

Posted in Industry & Trade0 Comments

IBN: 5 Traffic Helicopters Arrive in Kurdistan htt…

IBN: 5 Traffic Helicopters Arrive in Kurdistan http://t.co/Fa0Acxpj

Posted in 0 Comments

Transparency and Integrity Board Launched in Kurdistan

Transparency and Integrity Board Launched in Kurdistan

The establishment of a new transparency board to promote integrity and anti-corruption practises in Kurdistan was announced on this week, according to AKnews.

The so-called Transparency Development and Impeachment Board will investigate government conduct, identify shortcomings and inform the relative bodies.

Husam Barzinji [Hisam Hakim Barzinji], the General director of the Kurdistan Economic Development Organization, said the establishment of the board took some months of research and scrutiny.

In Transparency International‘s 2011 corruption perceptions index, Iraq scored 1.8 out of 10 and was among the eight most corrupt countries and territories in the world, a slight improvement on 2010, when Iraq scored 1.5 and ranked among the bottom five.

(Source: AKnews)

Posted in Security0 Comments

30% Increase in Foreign Company Registrations in Kurdistan

30% Increase in Foreign Company Registrations in Kurdistan

About 400 foreign companies have opened branches and representation offices in the semi-autonomous Kurdistan Region to expand their business in the fast-growing investment market here, Kurdistan Regional Government’s (KRG) Minister of Trade and Industry said.

AKnews reports that about 430 foreign companies registered in 2011 to do business in Kurdistan – an increase of about 30% on the previous year.

Sinan Chalabi [Sinan Çelebi] (pictured), KRG Trade and Industry Ministry, told AKnews:

The KRG provides all facilities for the foreign companies to encourage more and more of them to come to Kuridstan. Currently, there are 1918 foreign companies working in Kurdistan in all sectors.

Of this number, more than 60% are from Turkey, with Iran and Lebanon coming second and third respectively.

“Due to the facilities provided by the Kurdistan Region’s Investment Law, more companies have already applied for registration or the opening branches and offices here. Their applications are being carefully examined.”

Kurdistan Region is the hot spot for investment in Iraq since 2003 and is regarded as one of the Middle East’s best growth prospects in 2012. According to statistics released by the Investment Board, the region has attracted some $16.2 billion (19 trillion IQD) in foreign investment over the past five years.

(Source: AKnews)

Posted in Industry & Trade0 Comments

IBN Newsletter 'FREE Weekly Subscription'