The Governorate of Duhok launched its Provincial Development Strategy 2016-2018 in a ceremony organized in collaboration with the United Nations Development Programme (UNDP), the European Union (EU), and NOREL non-governmental organization. Conceptualized with the support of UNDP’s EU funded Local Area Development Programme (LADP), the Strategy seeks progress in six areas: Multi-sector economy, geographical location, […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Erbil, Baghdad Strengthen Ties in face of Islamic State It was never impossible to repair the long-strained relationship between the Baghdad and Erbil governments. Compromise had always been available to both parties. […]
By John Lee. Turkish Energy Minister Taner Yildiz (pictured) said today that Kurdish oil has started flowing to the Turkish port of Ceyhan via the new pipeline, but it will not be shipped to world markets without agreement from Baghdad. According to Reuters, the Minister said he hopes a deal allowing exports to begin can […]
By John Lee. Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] (pictured) said on Saturday that he is optimistic Baghdad will soon come to an understanding with Turkey over a contested oil-export agreement with the Kurdistan Regional Government (KRG). According to a report from the Wall Street Journal, he said Turkey understands that it can't enter […]
By John Lee. Alstom Grid has announced that it has won contracts worth €34 million ($42 million) from KAR Construction & Engineering Company to engineer and supply substations for the electrical grid. The company will supply four 132/33/11 kV Air-insulated Switchgear (AIS) substations and one 132/33/11 kV Gas-insulated Switchgear (GIS) substation for the Kurdistan Regional […]
The Kurdistan Investment Board is currently deciding on a location for the largest iron factory in Kurdistan, which will be built at a cost of $130 million by a French company. The plans are at an early stage, according to Hersh Muharram, chairman of the investment board, and the plant will be built in cooperation […]
