Iraq Business News brings you the latest news from Erbil, Kurdistan, Iraq – including Banking, Airlines, Hotels, Property and more.
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. More than three million people have been forced from their homes by ISIL's onslaught in Iraq. Many live in deplorable conditions in camps where tents are collapsing under winter rains and some children […]
By Simon Kent. Iraq's southern oil exports remained close to their recent record of 3.37 million bpd, which was hit in November, Reuters reports. Possibly lessened by several days of maintenance work at the Single Point Moorings at the Basra terminals, the figures for December were slightly lower, at 3.27 million bpd. This closes a good year […]
By Simon Kent. The Kurdish Regional Government has announced a plan to implement a series of economic reforms in the face of a growing recession. Currently, the region has debt of up to $18 billion, a crisis made far worse by expenditures in the war against ISIS, the collapse in oil prices and a bloated […]
By John Lee. UAE-based Stirling Group, a leading provider of HSE service, has partnered with the EU Iraq Energy Centre (EUIEC) to provide risk management training to the Iraqi oil and gas industry. The company will deliver a series of three day courses dealing with uncertainty and risk in the global energy sector from its […]
More people have been forced to flee from Ramadi, capital of Al Anbar Governorate in central Iraq, after violence broke out between Iraqi forces and Daesh in November. Many have crossed the River Euphrates in search of refuge in camps to the west of Iraqi capital Baghdad. MSF has launched an emergency logistics and medical […]
By John Lee. A US District Court has sentenced an American man to 27 months in prison, followed by three years of supervised release, for operating two investment schemes that defrauded people of more than $200,000. Joseph T. Morris, aged 52, and two others set up a company whose initial focus was on establishing a […]
By Simon Kent. The Iraqi Civil Aviation Authority has suspended flights from Baghdad to Sulaymaniyah and Erbil in the Kurdish region of Iraq (KRI) for two days, effective from today. The move follows concern that Russian jets and cruise missiles pass though that airspace from the Caspian Sea region, to targets in Syria. It is […]
By John Lee. FlyBaghdad has reportedly wet-leased a Boeing 737-400 from Jordan Aviation. The company also has two A320-200s leased from South Africa's Global Aviation Operations, and three CRJ-200s, two of which are leased from Iraq Gate (Baghdad). Launched earlier this year, FlyBaghdad currently offers scheduled passenger flights to Erbil, Najaf, Sulaymaniyah, Istanbul and Tbilisi. […]
The United Nations Development Programme (UNDP) concluded a series of workshops training over 100 Iraqi youths on creativity and innovation in transforming ideas into businesses and social projects. As part of UNDP’s Innovation for Development initiative and in collaboration with Zain Iraq, the workshops were held in Baghdad (1-3 October), Basra (15-17 October) and Erbil […]
By Mahmut Bozarslan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Demonstrations turned violent earlier this month as thousands of people protested the dire economic situation in Iraqi Kurdistan, with many demanding that Massoud Barzani (pictured) step down as regional president. Developments that brought the […]
Iraq’s youngest airline, FlyBaghdad, is in talks to start flying to Dubai and plans to launch European routes in early 2016, according to a report from Gulf News. The airline’s Regional Commercial Manager, Mohammad Abdali, told the news agency that the Iraqi-owned airline started domestic flights to Erbil, Sulaymaniyah, Najaf and Basra from its hub […]
By Simon Kent. Aberdeen based oil and gas company MOL Group have reduced their planned investments at Akri Bijell in the Kurdish region of Iraq, Rigzone reports. The new plans will see one well operational at 2200 bpd, while Bijell 4 and Bijell 6 appraisal wells encountered more geological complexity than envisaged. MOL have struggled in the region […]
