Tag Archives | KRG

Nearly Half of Kurdish Businesses Pay no Tax

From Rudaw. Re-published with permission by Iraq Business News. Of nearly 25,000 registered companies in the Kurdistan Region, only around 13,000 of them pay corporate income tax, according to a new report from the Directorate of Taxes and Public Properties in Erbil. General manager of the directorate, Dr. Kamal Tayyib, told Rudaw the systematic tax […]

Levarht enters Iraq Fruit & Veg Market

By John Lee. Netherlands-based fruit and vegetable grower Levarht has sent its first air-freight shipment to Iraq, which arrived at Erbil airport. The company said it expects to make weekly shipments of high-quality fruit and vegetables, including soft fruit, tomatoes, bell peppers, herbs, lettuce and potatoes. A spokesperson said that because of the unrest in […]

Japan Opens Consulate in the Kurdistan Region

Kurdistan Regional Government Prime Minister Nechirvan Barzani met with Japanese State Minister for Foreign Affairs Kentaro Sonoura and his accompanying delegation. In the meeting, attended by Deputy Prime Minister Qubad Talabani, the Japanese Minister reaffirmed his country’s position to further strengthen its relations with the Kurdistan Region, by opening its consulate in Erbil on Wednesday. […]

Federal Budget Widens Political Conflict among Kurdish Forces

By Ibrahim Malazada for Al Monitor. Any opinions here are those of the author, and do not necessarily reflect the views of Iraq Business News.  On Dec. 14, the Kurdistan Regional Government (KRG) rejected the federal budget for 2017. The government’s statement read, “The budget does not serve the KRG,” and stressed its refusal to […]

KRG Announces Higher Oil Exports in Nov

The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for November 2016. During the month it exported 588k bpd from the Turkish port of Ceyhan, up from the previous month’s figure, at a decreased average price of $35.05 per barrel, bringing in revenue of $568 million. Please click here to view […]

KRG receives US-Kurdistan Business Council Delegation

KRG Foreign Minister Falah Mustafa today received representatives of 30 U.S companies, led by the U.S-Kurdistan Business Council (USKBC), to discuss investment opportunities and latest developments. In a meeting attended by Bayan Rahman, KRG Representative to the U.S, Minister Mustafa thanked the USKBC for organizing the visit and underlined the importance of further engagement of […]

Iranian Dam Threatens Iraqi Kurdistan’s Sirwan River

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iranian Dam Threatens Iraqi Kurdistan’s Legendary Sirwan River When neighbouring Iran tested their new dam recently, levels on an important Iraqi Kurdish river dropped four meters. Locals fear when the […]

KRG FM: Together we will Ensure a Win-Win Partnership

KRG Foreign Minister Falah Mustafa shed light on KRG’s international outreach, ties with Baghdad and the neighboring countries and Kurdistan’s contribution to regional stability, at this week’s Kurdistan-Iraq Oil & Gas Conference, arranged by CWC Group in London. Below is the full text of Minister Mustafa’s speech: Excellencies, distinguished guests, ladies and gentleman, I am […]

Hawrami Defends KRG Treatment of IOCs

By Padraig O’Hannelly. The Kurdistan Regional Government’s Minister of Natural Resources, Dr Ashti Hawrami (pictured), has defended the KRG’s treatment of oil companies in the Region. This follows criticism by the head of Norwegian oil and gas operator DNO, which operates the Tawke block, at CWC Group’s Kurdistan-Iraq Oil & Gas Conference in London. Executive […]

KRG to offer 20 Oil Blocks in new Licensing Round

By Padraig O’Hannelly. The Kurdistan Regional Government’s Minister of Natural Resources, Dr Ashti Hawrami, has announced that 20 new and redrawn oil blocks will become available for bidding in 2017. Speaking at this week’s Kurdistan-Iraq Oil & Gas Conference in London, arranged by CWC Group, the Minister said that contract terms “will continue to be […]

Deputy Prime Minister outlines KRG’s Reform Initiatives

Kurdistan Region Deputy Prime Minister Qubad Talabani outlined his government’s reform initiatives during speech to the sixth Kurdistan Oil and Gas conference, organised by CWC Group, in London on Monday. Below is the transcript of Deputy Prime Minister’s speech: Distinguished guest, ladies and gentlemen. I’d like to warmly thank CWC for inviting me back again […]

Canada, UK help Women’s Empowerment in Kurdistan

KRG Minister Falah Mustafa today received a joint UK-Canada delegation headed by Ms. Crystal Procyshen, Chargé d’affaires of Canada in Iraq, to discuss women issues. Ms. Procyshen stated that this visit was a fact-finding mission, which should provide them with a better understanding of the situation of women and their needs in specific areas in […]