Iraq Business News brings you the latest news from Erbil, Kurdistan, Iraq – including Banking, Airlines, Hotels, Property and more.
The British Consulate General Erbil has a vacancy for a Head of UK Trade & Investment (UKTI) C4 (L) position. Interested candidates should forward the following to [email protected]: An updated Curriculum Vitae. A fully completed Application Form. Please provide examples of performance in each competency on the summary section of the application form. A covering […]
By John Lee. Finance Minister Hoshyar Zebari has signed a memorandum of understanding with the Japanese charge d'affaires in Iraq to finance two development projects using loans from Japan. The first involves a loan of $450 million (525 billion Iraqi dinars) for reconstruction in the electricity sector, while the second is to finance the reconstruction […]
By John Lee. The head of the Trade Promotion Organisation of Iran, Valiollah Afkhami Rad (pictured), has signed a contract to set up a trade centre in Erbil. He said that a better understanding of the market in Erbil and throughout Iraq will result from the improved economic ties, and recommended that Iranian companies research […]
By John Lee. The Lebanese government is to open a consulate Erbil in August. According to BasNews, weekly flights connect Erbil and Beirut as over 6,000 Lebanese work in Iraqi Kurdistan, in mainly in education, tourism and investment. More than 25 countries have already opened consulates and representative offices in the Kurdistan Region. (Source: BasNews) […]
Hermes Datacomms, a leading global provider of managed networks for the upstream oil and gas industry, part of the SpeedCast Group, today announced the opening of its newest office in Erbil, Iraq. The new facility is in direct response to increasing demand for services from the oil and gas sector in Iraq and will enable […]
By John Lee. The French retailer Groupe Auchan has announced that its hypermarket in Erbil has closed down. The company described the closure as a "non-anticipated decision ... by the SI Retail shareholders, the English-law firm managing locally the hypermarket, due to the difficult situation encountered in the country." SI Retail signed an Auchan franchise […]
By John Lee. Islamic State (IS, ISIS, ISIL) militants set fire to an abandoned oil field near Makhmour and Qaraj, east of Erbil, on Wednesday. Anofficial told BasNews that the oil field is located between Peshmerga and IS militants’ frontlines, about 2 kilometres away from Peshmerga forces. It is believed that the oil field was […]
Jordanian-based OFFTEC, a subsidiary of OFFTEC Holding Group, announced the opening of its first branch in Iraq. Located in the city of Erbil, the new branch further builds on OFFTEC 's growing network, which encompasses multiple branches across Jordan, Palestine and Sudan, all of which specialize in the provision of innovative business and technology services […]
By John Lee. Germania has suspended air services to Erbil, which has come under increasing threat from Islamic State (IS, ISIS, ISIL) terrorists. Germany's Federal Ministry for Transport (Bundesministerium für Verkehr und digitale Infrastruktur - BMVI) has prohibited all flights by German airlines to Erbil until 30th March 2015 (inclusive). Lufthansa, Austrian Airlines, Emirates, Etihad […]
The first day of the Erbil Business Conference highlighted the interest of the Kurdistan Regional Government (KRG) to attract investment and to operate within the principles of open markets whilst battling the perception that it is a dangerous place to operate. The Conference started with a speech by the Prime Minister of the Kurdistan, Nerchivan […]
By John Lee. Iraqi Foreign Minister, Dr. Ibrahim Al Jaafari, received the Armenian Ambassador to Iraq, Karen Grigoryan, at his office on Sunday, and discussed with him bilateral relations, opening joint cooperation horizons through accelerating the preparation for holding the first meeting of the Iraqi-Armenian Committee, excluding the diplomats from visas, facilitating the procedures for […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq, some of the heaviest fighting between ISIL fighters and Kurdish Peshmerga forces is taking place outside Erbil, the capital of the autonomous Kurdish region. But people in the city itself enjoy […]
