Iraq Business News brings you the latest news from Erbil, Kurdistan, Iraq – including Banking, Airlines, Hotels, Property and more.
KRG Prime Minister Masrour Barzani laid the foundation stone for the British campus of the University of London in Erbil. Prime Minister Barzani stated the Kurdistan Regional Government's (KRG) Ninth Cabinet has prioritized developing its education sector and highlighted the efforts taken to expand and evolve academic studies across the Kurdistan Region. "I am pleased […]
The KRG's Minister of Electricity, Kamal Mohammed, signed a contract with with "Pluto Otto Cycle company" on Monday to build a solar power station in Erbil province. The minister signed the deal with the company to set up a 25-megawatt solar power station. The project will be implemented within 90 days and will produce 25 […]
KRG Prime Minister Masrour Barzani has inaugurated the second and third phases of Erbil's 150-KM ring road in a special ceremony. The two phases are a part of the 70-kilometer highway around Erbil, which will serve to connect the Kurdish capital with Duhok and Sulaimani, while also facilitating trade with neighbouring countries. "It is a […]
By John Lee. KRG Prime Minister Masrour Barzani has inaugurated the Lanaz Refinery in Erbil. According to a statement from the KRG, the inauguration paved "the path to hundreds of new employment opportunities for Kurdistani youth at the facility, which boasts of a production capacity of 75,000 barrels of crude oil per day." The statement […]
On 24 October 22, the Baharka Hospital was inaugurated in Erbil in the north of Iraq by representatives of the Kurdish Regional Government, the United Nations Development Programme (UNDP) and German representatives - including KfW Development Bank. The opening of the hospital will create further urgently needed capacity for the care of patients with airborne […]
By John Lee. German car rental company SIXT has commenced operations in Iraq. The new facility in Erbil marks the start of a franchise partnership with Muhanad Rental Cars, a Muhanad Group company. According to a statement from the company, this is the first step in an expansion plan that includes SIXT stations at international […]
By John Lee. A new startup has reportedly announced a new product that digitises real estate maps. According to a report from Iraq Tech, Optionline's Naxsha is cloud-based real-estate software that "offers agencies a customisable platform to build and use data to improve their sales strategy." The app currently only contains maps of Erbil city, […]
By John Lee. The Kurdistan Regional Government (KRG) has reportedly announced a housing project for the low-income Christian families in Ankawa, in northwest Erbil. According to Basnews, the announcement was made by Mohammed Shukri, the Chairman of the Kurdistan Board of Investment. The houses can be paid for over a 15-year period. (Source: Basnews)
KRG allocates 35 billion Dinars to mitigate the impact of flooding in Erbil province Under the direct supervision of Prime Minister Masrour Barzani, the Erbil Flood Conference was launched on Saturday. The Conference will last for two days and is also being attended by various officials of the Kurdistan Regional Government (KRG), as well as […]
FAO Iraq completed a 3-day training for the Farmer Field Schools Facilitators in Erbil The Food and Agriculture Organization of the United Nations (FAO) in Iraq concluded recently a three-day training of facilitators for the Farmers Field Schools (FFS), and continues the training programme for extension staff from the Ministry of Agriculture in Nineveh. 26 […]
On July 27th, the Iraq Britain Business Council (IBBC), courtesy of the Sardar Group, hosted a reception at the Sardar Group Showroom on Gulan Street, Erbil. Guests included HE the Governor of Erbil and other regional Governors and Government officials, in addition to the UK Ambassador to Baghdad, Mark Bryson-Richardson and UK Consul General David […]
By John Lee. Fitch Ratings has said that Iraq's government debt is set to fall steeply as a share of GDP in 2022, bringing it to pre-Covid-19 pandemic levels. It adds that while this is positive for the sovereign's creditworthiness, the decline may not be sustainable, as it partly reflects political tensions that have constrained […]
