Iraq Business News brings you the latest news from Erbil, Kurdistan, Iraq – including Banking, Airlines, Hotels, Property and more.
By Simon Kent. Norway's DNO ASA have launched a new drilling campaign at Tawke, Oilvoice reports. The field, currently producing 117,000 bpd and selling at an average price of $34 per barrel, earned DNO $16 million in profit in the second quarter. DNO Chief Executive Bijan Mossavar-Rahmani (pictured) noted that the profits would help underpin the current new investment. […]
By Simon Kent. Iraq's new oil Minister Jabbar Al Luaibi, who was appointed April 14th, has remarked that the Kurdish Regional Government (KRG) and Baghdad are planning a new oil exports and revenue sharing deal to replace the one which collapsed in early 2015. According to Gulf News, Safeen Dizayee, a spokesman for the KRG also confirmed new […]
Turkish Airlines has commenced direct between Erbil and Gaziantep Airport. Starting today (Friday), roundtrip flights will be operated 2 times per week in both directions. (Source: Turkish Airlines)
UNICEF Ambassador Ewan McGregor visits refugee and displaced children on Iraq frontline UNICEF Ambassador Ewan McGregor travelled to northern Iraq last week to see how the conflicts sweeping across Iraq and Syria are devastating children’s lives. Tens of thousands of children have been killed, injured, separated from their parents, forced to work, tortured and recruited […]
The United Nations Development Programme (UNDP) and Toyota Iraq signed a flagship agreement today in Erbil to train and place hundreds of displaced people in jobs. This new partnership brings together one of the world’s leading car companies, Toyota, and UNDP, which is actively working to improve conditions for the more than 3.4 million Iraqis […]
By Simon Kent. Greek Foreign Minister Nikos Kotzias has announced the opening of a consulate in Erbil, capital of the semi-autonomous region of Iraqi- Kurdistan. Greece already has an embassy in Erbil, and the announcement suggested the new consultate will "substantially upgrade" the country's diplomatic presence in Iraq. (Source: Independent Balkan News Agency)
By Mohammed al Salih for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A deal between two main Iraqi Kurdish political parties, Gorran and the Patriotic Union of Kurdistan (PUK), is expected to increase tensions and lead to further fragmentation and destabilization of Iraqi […]
To mark the closure of a comprehensive informal settlement upgrading intervention in Erbil, a community development centre and a neighbourhood park were opened today in Kurani Ainkawa. The Improving Housing Delivery System in Erbil - Upgrading of Kurani Ainkawa Informal Settlement project is funded by the Kurdistan Regional Government (KRG), and implemented by the United […]
Cristal Group has entered into a management agreement with HARCO Erbil, represented by Mr. Mustafa Hariri, to operate the first Emerald Hotel in Erbil. It is the group's second property in Erbil and its third in Iraq. Making the announcement, Mr. Kamal Fakhoury, COO of Cristal Group, said: "Emerald is our Mid market brand and […]
By John Lee. Indian Ambassador to Iraq, Mr. George Raju yesterday visited the KRG Department of Foreign Relations to discuss the opening of Indian consulate general in Erbil. Ambassador Raju announced the decision of the government of India to open its consulate general in Erbil, capital of Kurdistan Region. He said that India realizes the […]
President Masoud Barzani received a Japanese embassy delegation headed by Ambassador Fumio Iwai, Japan's Ambassador to Iraq. President Barzani and Ambassador Iwai spoke of the current political situation in Iraq and expressed optimism that matters will be moving in a more positive direction. The two sides also spoke of the military operations against the terrorists […]
Erbil marks the launch of its Provincial Development Strategy 2016-2018 with a breathtaking audiovisual performance at the historic Citadel At an official ceremony at Erbil's historic Citadel, the Governorate of Erbil launched its Provincial Development Strategy. The ceremony was presided over by H.E. Prime Minister of the Kurdistan Regional Government, Mr. Nechirvan Barzani, and attended […]
