Tag Archives | Kurdistan News

The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.

KRG PM Hosts Banking Leaders

By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has held a meeting with a delegation from the banking sector, including Jordan Kuwait Bank and the Bank of Baghdad. According to a statement from the KRG, the meeting focused on potential collaborations and projects to enhance the banking infrastructure and spur economic […]

Is Iraqi Federalism Under Threat?

By Hamzeh Hadad, for 1001 Iraqi Thoughts. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Is Iraqi Federalism Under Threat? The Federal Supreme Court (FSC) has issued multiple rulings that impact the nature of the relationship between the federal government in Baghdad and the […]

Iraq Bans PKK as Security Ties with Turkey Gain Momentum

By Ezgi Akin for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq bans PKK as security ties with Turkey gain momentum The decision comes after the high-level talks between Turkish and Iraqi officials in Baghdad. Click here to read the full […]

Genel Energy Update on Oil Reserves

By John Lee. Genel Energy has issued an updated on oil reserves across its portfolio: Working interest oil reserves (MMbbls) 1P 2P 3P 31 December 2022 68.9 92.2 125.6 Production (4.5) (4.5)   (4.5) Revision of previous estimates (1.0)  4.0   (1.8) Acquisitions and disposals   - (2.7)   (8.4) 31 December 2023 63.4 88.9 […]

Iraqi Islamic Bank (IIB) joins 'My Account' Initiative

By John Lee. The Kurdistan Regional Government (KRG) has announced that the Iraqi Islamic Bank (IIB) has formally joined the 'My Account' financial inclusion initiative, alongside BBAC, Cihan, NBI and RT. In a statement on Tuesday, the KRG said it expects other major banks to join by the end of the month. It continues: "To […]

UNAMI Awards Cleaning Contract in Erbil

By John Lee. Belad Al Naser for General Trade and Contracting has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for, "Provision of Cleaning, Laundry and Janitorial Services at UNAMI Erbil Regional Office, Iraq." The contract is valued at $198,854.01. (Source: UNGM)

Halabja Locals Protest Iraq's Border Fence with Iran

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Halabja locals protest Iraq's border fence with Iran The Iraqi government's decision to close the border with Iran by setting up a fence has sparked protests from locals who fear the decision will negatively […]

IOCs Deny Claims of Agreement to Export Kurdish Crude

By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has denied claims by government officials that an agreement has been reached to resume oil exports through the Iraq-Turkey Pipeline (ITP). The Association of the Petroleum Industry of Kurdistan (APIKUR) said it has not seen any proposals from Baghdad or Erbil […]

Iraqi Court Rulings "Undermine Kurdish Autonomy"

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi federal court rulings undermine Kurdish autonomy, critics say Iraq's Federal Supreme Court (FSC) has stirred controversy over fresh rulings on public sector salaries and elections in the Kurdistan region. Observers say the […]

GKP says Local Sales Volumes have Rebounded

By John Lee. Gulf Keystone Petroleum (GKP) has said that local sales volumes have rebounded in recent weeks. It adds that sales for February are expected to be above expected monthly net capex and costs. Full statement from GKP: Update on Shaikan Field local sales & Notice of 2023 Full Year Results Gulf Keystone, a […]

KRG Hires Consultant in Washington

By John Lee. The American Kurdish Committee, Inc. (AKC), and its President, Abdulmajeed Abdulmajeed, have been engaged to provide services to the Kurdistan Regional Government (KRG) in the United States. According to a statement made pursuant to the US's Foreign Agents Registration Act (FARA): "Mr. Abdulmajeed will engage in activities to raise awareness of the […]

Iraq's US Embassy hires Squire Patton Boggs

By John Lee. Washington DC-based lobbying and legal services firm Squire Patton Boggs has reported that it, and partner Edward J. Newberry, will perform work on behalf of the Iraqi Embassy in the United States. In a statement made pursuant to the US's Foreign Agents Registration Act (FARA), the company said it may: " ... […]