Kurdistan Bans Importation of Certain Fruits and Veg
Kurdistan's Ministry of Agriculture and Water Resources has announced a ban on importation of certain fruits and vegetables from next month, according to AKnews. The Marketing Director at the ministry, Nouri Ismael, said that this comes as a result of the region achieving self-sufficiency in these agricultural products. Peppers will be banned permanently, while cucumbers, […]
Seminar sets out how Kurdish Students are Supported in UK
Students on the Kurdistan Regional Government’s scholarship programme in the UK last week made presentations about their academic research and heard about the support that the KRG UK Representation provides to students at a seminar hosted by the Kurdistan Medical and Scientific Federation. The KMSF hosted the event at Aston University in Birmingham in what […]
US Ambassador Bids Farewell to Kurdistan Region
President Masoud Barzani welcomed US Ambassador James Jeffrey on Sunday for a farewell visit to the Region as he concludes his term in Iraq. Ambassador Jeffrey thanked President Barzani and the Kurdistan Regional Government for their important role during his two year posting in Iraq. “I thank you for your support and cooperation. Under your […]
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Iraq Signs 100,000-Home Contract With Hanwha
According to a report from Bloomberg, Iraq has signed the contract with South Korea’s Hanwha Engineering & Construction to build 100,000 residential units in Baghdad. Salah Abdul Razzaq, Baghdad’s governor, said more than 30,000 people are registered for the units so far, adding that the project will secure 100,000 jobs. Previous reports put the value […]
Iraq begins Paying Warka Bank Depositors
The Central Bank of Iraq (ICB) said on Monday that it has begun to pay the small depositors in Warka Ahli Bank for Investment, reports AKnews. Following a financial crisis, the bank was placed under ‘guardianship’ in March. The Deputy governor of the bank, Muzher Mohammed Saleh said: "There is payment for small depositors in […]
UAE Energy Company to Invest at Khor al-Zubair
An energy company based in the United Arab Emirates has reportedly signed a contract with Iraq's Free Zones Department to invest in the Khor al-Zubair Free Zone. In a statement received by Aswat al-Iraq, the project will cover an area of 16,000 square meters. It was also announced that an Iraqi company will invest in […]
Dutch Delegation Visits Basra and Kurdistan
A high-profile Dutch business delegation, led by Dutch charge d' affaires Lars Tomers, visited the headquarters of Basra Investment Commission on Friday to discuss the investment plan in Basra and the possibilities for Dutch companies. They agreed to hold another meeting in June, according to Aswat al-Iraq. Meanwhile, AKnews reports that a 25-member business and […]
US Dep Sec of State Meets Iraqi Acting Min of Defense
On Wednesday, May 23, Deputy Secretary of State William Burns met with Iraqi Acting Minister of Defense Saadoun al-Dulaymi (pictured), at the Department of State to discuss issues of mutual interest and our shared commitment towards a long-term partnership under the Strategic Framework Agreement. Minister Dulaymi is in Washington leading the Iraqi delegation for inaugural […]
Hawrami: Exxon Mobil still Operating in Kurdistan
Kurdistan's minister for natural resources, Ashti Hawrami (pictured), has said that Exxon Mobil is still operating in oil fields in the Kurdistan Region. According to the report from AKnews, his statement came in response to a remark by the Iraqi Oil Minister, Abdul-Kareem al-Luaibi [Elaibi], who told Arabic Sabah newspaper that the US company has suspended […]
Taji Power Plant Goes Online
Iraq’s future is a 168 megawatt brighter today as the Ministry of Electricity and the Emirati firm Uruk Engineering & Contracting announced that the Taji Power Plant Project is now online and operational. The Ministry of Electricity had launched a “fast track” program for its power generation projects following the announcement; and the Taji development […]
GKP Announces Full-Year Results
Gulf Keystone Petroleum (GKP) this morning announced its results for the year ended 31st December 2011. Shaikan (75% working interest; Operator) 420% (P90) / 181% (P10) increase in gross oil-in-place numbers for the Shaikan discovery with a range of 8.0 billion (P90) to 13.4 billion (P10) barrels, following independent evaluation by Dynamic Global Advisors ("DGA") […]