Iraq Business News brings you the latest news from Erbil, Kurdistan, Iraq – including Banking, Airlines, Hotels, Property and more.
"It's a money-making machine," says garage owner Karhi Bakr, 59, about the import of secondhand car parts into the Kurdistan capital of Erbil. Containers full of parts from cars written off after accidents in the West continue to pour into the city, which has become a major hub for the trade. Some of the 200 or […]
By John Lee. Iraq's Communications and Media Commission (CMC) has reportedly ordered operators to block calls between their customers and Korek users in a dispute over number portability. According to Rudaw, the regulator told mobile network providers that Erbil-based Korek had failed to meet its “contractual obligations” to allow customers to keep their phone number […]
By John Lee. UK-based recruitment agency SSK Recruitment is reported to be looking to open an office in Erbil. Bdaily quotes Managing director Adam Smith as saying: “With all the uncertainty surrounding Brexit, we decided to focus on building relationships in the Middle East. "The margins are significantly higher in the Middle East than here […]
By John Lee. A Turkish airline will start new services from Diyarbakir and Gaziantep to Erbil from 21st March. AnadoluJet, a subsidiary of Turkish Airlines, plans to offer three flights per week to each location. (Source: AnadoluJet)
By John Lee. Housing prices in Iraqi Kurdistan have reportedly increased by 20 percent in 2018, while rents has gone up by 15 percent. Citing research from real estate company Baghi Khoshnawati, Rudaw says that demand for rental accommodation in the second half of 2018 has increased by 45 percent compared to the first half […]
On Wednesday 12th December, the Iraq Britain Business Council (IBBC) was pleased to host a first meeting between the British Chambers of Commerce and Chamber of Commerce & Industry representatives from the Kurdish Region of Iraq. Erbil Chamber of Commerce is a founding member of IBBC and the IBBC is now the affiliate Chamber for […]
Prime Minister Nechirvan Barzani attended the ground-breaking ceremony of the 150-meter ring road project of the city of Erbil. In a speech during the ceremony, Prime Minister Barzani said: “The 150-metre road project is one of many projects which were prepared for implementation by the Kurdistan Regional Government. If it had not been for hardships […]
By John Lee. Erbil’s main outdoor stadium will reportedly be sold off to a private investor. According to Rudaw, a new stadium will be built on the site of the Franso Hariri Stadium. The existing 28,000-capacity venue was built in 1956 and refurbished in 1992. More here from Rudaw. (Source: Rudaw) (Picture credit: Kushared)
By John Lee. Saudia Airlines has announced that it will start direct services to Erbil in October. The service will offer three flights per week from Jeddah. (Source: Saudia Airlines)
Rotana Hotels has announced the appointment of Ramy Haykal (pictured) as Cluster General Manager of Erbil Rotana & Erbil Arjaan by Rotana. Ramy began his career with InterContinental Hotels Group in 1996 as the finance director for Middle East and Africa. As the new General Manager of Erbil Rotana and Erbil Arjaan by Rotana, Ramy […]
By John Lee. The Altun Kupri (Alton Kopri) bridge linking Kirkuk and Erbil provinces has been re-opened. According to a brief statement from the Iraqi Govt, the bridge is vital for commerce and for fostering enduring ties between communities. The route has been closed following clashes between Peshmerga and Iraqi forces in October. (Source: Iraqi […]
On August 10th, ten of Iraq’s best seed-stage startups will compete in Erbil to represent the country at the Seedstars Summit in Switzerland and win up to USD 1 million in equity investments and other prizes. The first Seedstars competition in Erbil is marked by the excitement and commitment of Seedstars and its partners in […]
