Iraq Business News brings you the latest news from Erbil, Kurdistan, Iraq – including Banking, Airlines, Hotels, Property and more.
By John Lee. Fitch Ratings has assigned the Kurdistan International Islamic Bank (KIIB) a Long-Term Issuer Default Rating (IDR) of 'CCC+', and Viability Rating (VR) at 'ccc+'. It says the rating reflects the bank's "weak franchise, unstable business model and operations in the highly volatile operating environment of Iraq". More here. (Source: Fitch Ratings)
By John Lee. Fitch Ratings has assigned the Erbil-based Region Trade Bank for Investment and Finance Private Shareholding (RTB) a Long-Term Issuer Default Rating (IDR) of 'CCC+', and Viability Rating (VR) at 'ccc+'. It says the privately-owned bank has minimal market shares in Iraq, no competitive advantages and limited distribution capabilities. More here. (Source: Fitch […]
SPARK and Startups Without Borders are hosting the Startups On The Move networking events, a series of ecosystem events happening in June, to connect entrepreneurs from diverse backgrounds with key ecosystem players in the Middle East. The events are part of the Startups on the Move incubation programme, launched with support from Google.org, which involves […]
By John Lee. Hyatt Hotels Corporation has opened its Hyatt Regency Erbil Residences in Iraq. Located next to the World Trade Center, in Erbil's Gulan Park development, the project offers long-term accommodation in 93 serviced apartments. The adjoining 204-room hotel, Hyatt Regency Erbil, is expected to open in 2026. (Source: Hyatt)
Opening of new primary health care centre in Kawergosk to support the local and refugee communities UNHCR, the UN Refugee Agency, and the General Directorate of Health (DoH) of the Kurdistan Regional Government inaugurated the new Primary Health Care Centre (PHCC) in Kawergosk sub-district in Erbil governorate, the Kurdistan Region of Iraq. The new Kawergosk […]
By John Lee. A rocket attack that targeted an oil refinery in the Khabat area of Erbil on Sunday has been widely condemned. Six rockets were fired at the Kawergosk refinery, which is owned by KAR Group, reportedly damaging a storage tank. The Iraqi Security Media Cell said it located a launch base near the […]
By John Lee. The Station Foundation for Entrepreneurship has opened its fourth branch in Erbil, According to a press release from The Station, the opening marks a significant step forward in ensuring that Kurdistan's youth can contribute to the ecosystem's enhancement and build a connected network of entrepreneurs, creatives, and innovators who can reach across […]
Consultation workshop on the Commercial Arbitration Bill and the New York Convention to implement its mechanisms paving economic growth in Iraq As Iraq acceded recently to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which entered into force on 9 February 2022, UNDP in partnership with the European Union (EU) […]
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran's Cross-Border Strikes: A Pattern in Search of a Policy The latest strike on Iraq points to a brazen, illegal, and dangerous strategy of exercising […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran missile attack on Erbil goes beyond retaliation for IRGC deaths The attack early Sunday could also be related to both the now stalled Iran nuclear talks and Iraqi […]
New partnership supports private sector development in Iraq's Kurdistan Region The United Nations Development Programme (UNDP) in Iraq and the Kurdistan Regional Government's Ministry of Planning (MoP) have today signed a new Memorandum of Understanding (MoU) that will boost the private sector by encouraging the growth of micro, small and medium enterprises (MSMEs). The MoU […]
Erbil-based travel and tourism operator London Sky is the newest member to join the Iraq Britain Business Council (IBBC). Aso Hussein, General Manager, said: "We are delighted to join the international community that is IBBC and look forward to supporting members in their business and personal travel requirements. We very much believe in the highest […]
