Iraq Business News brings you the latest news from Erbil, Kurdistan, Iraq – including Banking, Airlines, Hotels, Property and more.
By John Lee. Deputy Prime Minister for Energy Hussein al-Shahristani (pictured) has welcomed Nechirvan Barzani's offer of sending 100,000 bpd of oil through the State Oil Marketing Company. According to Aswat al-Iraq, Barzani's widely reported "good will" gesture was also welcomed by former oil minister Ibrahim Bahr al-Uloum who was positive about the offer. Until the […]
By John Lee. Kurdish Regional Government PM Nechirvan Barzani (pictured) has offered to send 100,000 bpd of oil from the Kurdish region through the State Oil Marketing Company, Reuters reports. The move is designed to partially appease Baghdad in the on going and tortuous dispute over oil revenues and exports to Turkey. Currently over 1 million […]
By John Lee. Following remarks by Deputy Prime Minister for Energy Hussein al-Shahristani (pictured) that Kurdish Regional Government oil exports will go through the State Oil Marketing Company (SOMO) officials from the KRG have moved to clarify that this is not in fact the case. KRG spokesman Safeen Dizayee remarked to reporters that while discussions […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Conflict between Baghdad and Iraqi Kurdistan over oil exports has resulted in something of a financial crisis in the northern region. State employees haven’t been paid, MPs are threatening to resign […]
Erbil's IKG Property has issued its Q4 2013 Report which covers Erbil’s Industrial, Retail and Residential markets. The report gives an overview of each sector, explores the supply and demand dynamics and give a brief snapshot of the serviced apartment sector. Click here to download the report from our Reports section.
By John Lee. Standard Chartered has announced the appointment of Ahmed Muallah as Managing Director and Head of its Wholesale Banking business in Iraq. Commenting on the appointment, Gavin Wishart, Chief Executive Officer, Standard Chartered Iraq said: “This appointment comes as another testament to our long term commitment to Iraq. Standard Chartered is bringing its best international financial business […]
By John Lee. Sitting on some of the world's largest untapped oil and natural gas reserves, the region is experiencing a surge in investment and construction. Five-star hotels are dotting the skyline and luxury condo complexes with names like "American village" are opening on the outskirts of the city. As oil companies set up shop […]
The UK's Middle East Association (MEA) and British Expertise, in co-operation with the Kurdistan Regional Government UK Representation, cordially invite you to the 'UK in Kurdistan Business Forum' at the Erbil International Hotel, Ballroom, on Sunday 23rd February at 11am. The event will be a mini-trade fair focusing on the unique commercial offer the UK […]
Erbil International Airport continued to grow in 2013 as new milestones for passengers, cargo and aircraft movements were set. The airport broke through the one million passengers a year milestone in late October and in total 1,193, 783 passengers passed through the airport, a growth rate of 26%. June, 2013, broke new records for passenger […]
By Padraig O'Hannelly. This week the UK hosted a delegation of business people and officials from Erbil, who came to London to promote investment in the province. The delegation would have been larger were it not for the ongoing problem of getting visas to enter the UK; despite the recent opening of a new visa […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Erbil’s Big Challenge: Tourists vs. Locals in Fight for Facilities This year the northern Iraqi Kurdish city of Erbil must live up to its hard won title, Capital of […]
Mr. Dara Jalil Khayat, the president of Erbil Chamber of Commerce and Industry, recently received Mr. Radvan Coksoz, Vice President of the Chamber of Commerce and Industry of Gaziantep in Turkey, along with members of the board of directors. The sides talked about ways to strengthen trade relations between the two cities. Mr. Coksoz announced in […]
