By John Lee. The Kurdistan Development Corporation (KDC) has bought the majority shareholding of Erbil-based KREDCO Real Estate Limited Company. KREDCO has previously been described as a joint venture between the KDC and the Kuwait-based National Real Estate Company (NREC). According to a disclosure to the Kuwaiti stock exchange, NREC said it sold its 51-percent […]
The United Nations World Food Programme (WFP) and Kurdistan Regional Statistics Office (KRSO) signed a new agreement on research into food security, to support informed decision-making on efforts to support vulnerable families in the Kurdistan Region. An important element of the partnership is training, and helping strengthen the skills and expertise of KRSO staff in […]
Gulf Keystone has provided an operational and corporate update: Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "We are pleased today to declare an additional interim dividend of $50 million, bringing distributions over the past eight months to $150 million in line with our commitment to balance investment in growth with returns to shareholders. […]
By John Lee. The Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi [Hamed Al Gazi] has laid the foundation stone for a 200-bed general hospital in Shatra City, in Dhi Qar province. The hospital will serve the inhabitants of Shatra and the surrounding areas. UK-based Protechnique will complete the project within 36 months, […]
Five One Invest has announced its upcoming webinar - The State of Investments in Iraq. The session will host Laura Khudairi from Iraq Tech Ventures and Geoffrey Batt from Euphrates Ventures. It will tackle the startup landscape, investment opportunities, and investor activity in Iraq. Wednesday, January 26th, 2022 at 4 pm (Iraqi time) Click here to register
The World Health Organization (WHO) handed over more than 20 tons of urgently needed medical technologies to the Ministry of Health in the Kurdistan region of Iraq. The 117-pallet consignment contains a variety of emergency medical devices, mechanical and intensive care unit beds, personal protection equipment (PPEs), and in-kind medical furniture that will contribute to […]
By John Lee. The Chinese company Sinopec (China Petroleum & Chemical Corporation) has signed a deal to develop the Mansuriyah gas field in Diyala. The field, near the Iranian border, is expected to produce 300 million standard cubic feet (Mmscf) per day of gas, which will be used for electricity generation and "various industrial projects". […]
By John Lee. The Kurdistan Regional Government (KRG) has reportedly signed a memorandum of understanding (MoU) with The Digital School to implement digital school programs and enhance cooperation in digital learning in the region. The Digital School describes itself as "the first integrated Digital school which provides remote learning in a smart and flexible way, […]
By John Lee. Brian Glackin, a partner at Washington DC-based lobbying firm The Livingston Group (TLG), has signed an agreement to represent Iraq's Ministry of Foreign Affairs in the United States. Under the deal, the company will engage in activities to strengthen the ties between Iraq and the United States, including lobbying, perception management, and […]
People who have been forced to leave everything behind are among the most vulnerable in the world, and the situation is only getting worse, with the added emergency of the on-going COVID-19 pandemic. Many refugees have suffered tremendously due to the crisis, and UNHCR reports an urgent need to assist. In response, H&M has donated clothing to displaced communities in Iraq, to help families keep warm during the cold […]
The United Nations Development Programme (UNDP) in Iraq welcomes an additional PLN 1 million (approximately US$ 244,000) contribution from the Government of Poland to its flagship Funding Facility for Stabilization (FFS). This critical support will focus on stabilizing the five governorates liberated from the Islamic State of Iraq and the Levant (ISIL) to facilitate the […]
By John Lee. Turkey's Ministry of Transport and Infrastructure has announced that flights from Gaziantep to Erbil will begin on 24th January. AnadoluJet will operate the route on Mondays and Thursdays. (Source: Turkish Ministry of Transport and Infrastructure)
