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Germany – Kurdistan Iraq Business & Trade News – German Consul General, Erbil, Kurdistan, cultural ties, educational ties and more – brought to you by Iraq Business News

Turkish Police Bust Iraq Car-Smuggling Gang

By John Lee. Five suspected members of an organized crime ring that was smuggling stolen cars into Iraq have reportedly been arrested in Turkey. Police detained three members of the gang, one of them a Greek national, at a customs office in Istanbul after they cleared a luxury Jaguar through customs. They later detained a […]

German Archaeologists Discover Ancient City of Mardaman

Translations of Assyrian writings found by archaeologists from the University of Tübingen have yielded a secret lost to history: The place where the clay tablets were found – Bassetki, in Autonomous Region of Kurdistan in Iraq – appears to be the ancient royal city of Mardaman. This important northern Mesopotamian city is cited in ancient […]

Safe Drinking Water for 33,000 in Erbil Governorate

Access to safe drinking water is ensured for over 33,000 people in the Governorate of Erbil The United Nations Development Programme (UNDP) and Erbil Governorate completed the rehabilitation of the main water treatment plant in Rawanduz sub-district, which provided safe drinking water to over 33,000 people, including 2,000 internally displaced people (IDPs). With support from […]

Siemens to add 700 MW to Rumaila Power Plant

Germany’s Siemens has won a contract to add 700 megawatts (MW) to the Rumaila Gas Power Plant, which currently has a power generation capacity of 1500 MW. Siemens will supply its highly-efficient SST-5000 steam turbines, ensuring the additional power supply comes at no extra fuel requirement while increasing the overall power plant efficiency to more […]

Crescent Petroleum to Increase Investment in Iraqi Gas

By John Lee. UAE-based Crescent Petroleum is reportedly planning a significant increase in its production of natural gas at its Pearl Petroleum operations in Iraq. President Badr Jafar (pictured) is quoted as saying that there will be an investment of $1 billion to boost production to 500 million cubic feet of gas per day by […]

Iraqi Govt Ministries to Attend Oil Conference in Berlin

Iraqi Government Ministries heading to Berlin for International Meeting in February Iraq’s oil and gas industry has started 2018 with invigorating news including new blocks to be offered at a bidding round in May, several high profile deals finalised with international companies as well as the continued upstream reforms led by Minister of Oil Jabbar […]

Germany now UNMAS’ Largest Contributor in Iraq

Germany now UNMAS’ largest contributor for clearance of explosive hazards in Iraq The United Nations Mine Action Service (UNMAS) welcomes an additional contribution of € 17 million ($20.2 million) from the Government of Germany towards survey and clearance of explosive hazards in support of humanitarian and stabilization initiatives. The overall contribution, totalling € 44.2 million […]

Germany supports WFP Assistance to Conflict-Affected Iraqis

The United Nations World Food Programme (WFP) has welcomed a contribution of €4.4 million (US$5.2 million) from the Government of Germany, which will provide cash-based assistance to almost a quarter of a million Iraqis for one month. Dr. Cyrill Nunn (pictured), Germany’s Ambassador to Iraq, said: “The German Government greatly appreciates its strong and effective […]

Germany ties Aid to Peace Efforts

By John Lee. Germany has said that its continuing aid to Iraq depends on peaceful efforts to solve the conflict between Baghdad and Erbil. Reuters quotes German Foreign Minister Sigmar Gabriel (pictured) as saying on Monday: “Our support is for Iraq as a unified state … We want to continue that, but the precondition is […]

Germany is Top Contributor to Stabilization in Iraq

The Government of the Federal Republic of Germany has contributed an additional US$ 94 million (€80 million) to two major UNDP programmes that are helping to stabilize newly liberated areas – the Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL) and […]

Fly Baghdad plans European flights, IPO

By John Lee. Fly Baghdad‘s Chief Executive Ali al-Hamdany has told Reuters that the budget airline plans to start flights to Europe and India next year, and is planning a stock market listing in 2020. It will also start flights to Ankara and Beirut in the coming weeks. It currently operates two Boeing 149-seat 737-700 jets […]