Iraq Business News brings you the latest news from Erbil, Kurdistan, Iraq – including Banking, Airlines, Hotels, Property and more.
Investment projects in the capital of Kurdistan region, Erbil, are estimated at $7.5bn, the deputy governor reported on Tuesday. "We expect that investment will increase in the coming years,” Tahir Abdullah said. The projects have been carried out in different sectors, such as industry, reconstruction, agriculture and housing projects in Erbil, Abdullah noted. A member […]
A conference on Private Sector Development in Iraq opened on Tuesday in Erbil's Sa'ed Abdullah Hall. The two-day conference is hosted jointly by the United Nations Development Programme (UNDP) and Erbil Governorate. Simon Marinso, UNDP Coordinator for Private Sector Development in Iraq told AK News that 30 Directors General from all Kurdistan Ministries have attended […]
AK News reports that the Erbil Stock Exchange has opened for business. "The Kurdistan regional government (KRG) has continually strived to create an environment for the local businessmen and traders to have shares in the local companies of Kurdistan," the secretary of the high economic council of KRG, Izzat Mullah said. Erbil stock market is […]
The Chief of Erbil Trade & Industrial Chamber has announced today that his Chamber has taken into consideration the strategic trade and economic relations, rather than the temporary relations, with a visiting Turkish trade delegation in Erbil. "We have demanded the latest Turkish trade delegation to take into consideration the joint long term trade relations, […]
Flydubai, Dubai's first low cost airline, has announced flights to destination number 22, Erbil in Iraq. Flights to Iraq's third largest city and capital of the Kurdish region of Northern Iraq, will start on Friday, July 16. Flydubai's CEO, Ghaith Al Ghaith, said, "Erbil is reinventing itself and undergoing an economic boom with new hotels, […]
A waterfall resort in northern Erbil province is expected to be turned into a modern tourist destination after it was neglected of late due to drought, according to a source reported by AK News on Saturday. "Soon, Gali Ali Bag Waterfall resort will be renovated on a modern and new design through the private sector […]
In line with its regional expansion strategy, BBAC s.a.l. (Bank of Beirut and the Arab Countries) has announced the start of operations in its new branch in Erbil, Iraq. This comes in response to the needs of the Iraqi market and the demands of Lebanese establishments and citizens in Iraq as well Iraqi people, Arabs […]
Etihad Crystal Cargo has launched a weekly service from Abu Dhabi to Erbil operating an A300-600F freighter with a payload of 42 tonnes every Tuesday and Saturday.
Renowned French hypermarket chain Carrefour will open its first Iraq store by the end of 2010 in Kurdistan Region under license from the United Arab Emirates franchise
Lufthansa is resuming flights to Iraq on 25 April 2010 with services from Frankfurt to the city of Erbil in Northern Iraq and will run four flights per week on this new route.
