By John Lee. Following approval from the Central Bank of Iraq (CBI), the KRG has announced that the Bank of Baghdad will join its 'MyAccount' financial inclusion initiative. In a statement, the KRG said: "Bank of Baghdad's participation will help increase banking products and services and accelerate the emergence of consumer credit for the people […]
By Jack Dutton for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq plans to reopen own oil pipeline as talks to restart Kurdish route stall The move to reopen the pipeline will irk the Kurdistan Regional Government, as it introduces […]
By John Lee. Genel Energy has just published details of its payments to governments for the year 2023: Introduction and basis for preparation This report sets out details of the payments made to governments by Genel Energy plc and its subsidiary undertakings ('Genel') for the year ended 31 December 2023 as required under the Disclosure […]
By John Lee. An delegation from the Kurdistan Regional Government (KRG) conducted a diplomatic mission to France and Italy from 26th to 29th March 2024, with a focus on investment. The mission was led by Safeen Dizayee, Head of the Department of Foreign Relations, and Dr. Mohammed Shukri, Chairman of the Kurdistan Board of Investment. […]
By John Lee. The Iraqi Oil Ministry has responded to criticism from the trade body representing international oil companies (IOCs) operating in Iraqi Kurdistan, as they mark the one-year anniversary of the closure of the Iraq-Turkey Pipeline (ITP) connecting northern Iraq with the Mediterranean port of Ceyhan. Highlighting the economic cost of the pipeline closure, […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has held a meeting with a delegation from the banking sector, including Jordan Kuwait Bank and the Bank of Baghdad. According to a statement from the KRG, the meeting focused on potential collaborations and projects to enhance the banking infrastructure and spur economic […]
By John Lee. The Kurdistan Regional Government (KRG) has announced that the Iraqi Islamic Bank (IIB) has formally joined the 'My Account' financial inclusion initiative, alongside BBAC, Cihan, NBI and RT. In a statement on Tuesday, the KRG said it expects other major banks to join by the end of the month. It continues: "To […]
By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has denied claims by government officials that an agreement has been reached to resume oil exports through the Iraq-Turkey Pipeline (ITP). The Association of the Petroleum Industry of Kurdistan (APIKUR) said it has not seen any proposals from Baghdad or Erbil […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi federal court rulings undermine Kurdish autonomy, critics say Iraq's Federal Supreme Court (FSC) has stirred controversy over fresh rulings on public sector salaries and elections in the Kurdistan region. Observers say the […]
By John Lee. The American Kurdish Committee, Inc. (AKC), and its President, Abdulmajeed Abdulmajeed, have been engaged to provide services to the Kurdistan Regional Government (KRG) in the United States. According to a statement made pursuant to the US's Foreign Agents Registration Act (FARA): "Mr. Abdulmajeed will engage in activities to raise awareness of the […]
By John Lee. Washington DC-based lobbying and legal services firm Squire Patton Boggs has reported that it, and partner Edward J. Newberry, will perform work on behalf of the Iraqi Embassy in the United States. In a statement made pursuant to the US's Foreign Agents Registration Act (FARA), the company said it may: " ... […]
In a recent move by the Kurdistan Regional Government's Ministry of Interior, citizens from 53 countries have been granted the ability to enter the Kurdistan Region without a pre-arranged visa. Under this new policy, eligible travellers simply need to present their passports at any border entry point, where they will be issued an electronic visa, […]
