Iraq Business News brings you the latest news from Erbil, Kurdistan, Iraq – including Banking, Airlines, Hotels, Property and more.
KRG Prime Minister Barzani's statement on the construction of US mission in Erbil: Mr. Ambassador of the United States to Iraq, Mr. Consul General Ladies and Gentlemen, Good morning. I am pleased to be here, with you, today and take part in the announcement of building a new compound for the U.S. Consulate General in […]
By John Lee. Soccer's governing body FIFA has lifted its three-decade ban on Iraq hosting international football. FIFA President Gianni Infantino is quoted as saying that this will allow international matches to be played in Erbil, Basra (pictured) and Karbala, where the security situation was considered to be "stable", but not yet in Baghdad. Iraq […]
By John Lee. Prime Minister Haider Al-Abadi has announced the reopening of Erbil and Sulaimaniyah airports to international flights. In a statement, he said he signed the decree "following the response of the local authorities in the Kurdistan region to restore the federal authority to the two airports in accordance with the constitution, in order […]
By John Lee. A new section of Erbil's largest road was reportedly opened on Monday. The five-kilometer stretch of the "120 Meter Road" will alleviate heavy traffic on the Erbil-Pirmam and Erbil-Koya roads, according to a report from Rudaw. The Hemn Group has pledged to finish the next phase of the project near the Kirkuk road […]
By John Lee. Erbil’s mayor has reportedly warned hotel and motel operators against taking advantage of the increased numbers of tourists by driving up prices and breaking contracts: Nabaz Abdulhamid told Rudaw: “Any hotel or motel owner that hikes up the prices and revokes the signed contracts will be punished severely.” In the past three […]
By John Lee. US-based Chevron plans to resume drilling at the Sarta 3 block in Iraqi Kurdistan. According to a report from Bloomberg, the company had temporarily halted exploration work in October after the Kurds voted in favour of independence. Chevron acquired Reliance Exploration & Production DMCC's 80 percent interest and operatorship of the production sharing contracts […]
The United Nations Assistance Mission for Iraq (UNAMI) Human Rights Office (HRO) in cooperation with the Ministry of Education in Kurdistan Region of Iraq organized a four-day training course in Erbil for 23 teacher, including 9 females, during 13 – 16 November on human rights education. This was the second in a series of courses […]
By John Lee. Mobile phone operators based in Iraqi Kurdistan have reportedly been told by the Iraqi government to move their headquarters to Baghdad, following the region’s recent vote for independence. Asiacell is based in the Kurdish city of Sulaymaniyah, while Korek is based in Erbil; Zain, however, is based in Baghdad. According to a […]
By John Lee. Direct international flights will be suspended to and from Erbil International Airport (pictured) starting from Friday evening, following a decision by the Iraqi cabinet and Prime Minister Haider al-Abadi, an airline official has told Xinhua. The move follows the region's vote for independence in Monday's referendum. Airlines including Qatar Airways, EgyptAir and […]
By John Lee. An Iranian official has been quoted as saying that plans are in progress for direct flights between Erbil International Airport (pictured) and the city of Urmia, in Iran’s Kurdistan province. Ahmad Montazami, the head of the Iranian Foreign Ministry's office in Urmia, told Fars News Agency that the service could be started […]
DNO ASA, the Norwegian oil and gas operator, today announced an agreement with ExxonMobil to join the Baeshiqa [Bashiqa, Bashika] license in the Kurdistan region of Iraq. DNO will assume operatorship of the license with a 40 percent paying (32 percent net) interest, acquiring one-half of ExxonMobil's position. ExxonMobil retains a 40 percent paying (32 […]
Danish-based DAMM Cellular Systems has provided voice and data communication systems to Erbil International Airport (EIA). Local DAMM system partner Sabaaco, a specialist in secure communications, installed the solution in close collaboration with DAMM. (Source: DAMM)
