Inward investment in the Kurdistan Region's agriculture rose from 1.5% to over 10% under the Kurdistan Regional Government's (KRG) Ninth Cabinet, which has been working to diversify the Kurdistan Region's economy sector by mainly focusing on developing the sector. The KRG has been working on building strong industrial and agricultural infrastructure in the Region to […]
By Basima Abdulrahman, Rania Baker and Ahmed Tabaqchali, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Economic Review: KRG's Financial Conundrum | Iraq's Real Estate Boom […]
Transforming Kurdistan Region's water sector through digitalization The Kurdistan Region's Ministry of Agriculture and Water Resources is working towards adopting a smarter approach to water management by working towards digitalizing the water sector, another goal on Prime Minister Masrour Barzani's agenda for the reform and digitalization of government services. Paving the road to developing water […]
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 […]
KRG Prime Minister Masrour Barzani has announced the first digital transformation strategy. Prime Minister Barzani highlighted the significance of the strategy, which aims to put the Kurdistan Regional Government among the top electronic governments in the field of digitalization by the end of 2025. More here. Download digital strategy document here. The following is the […]
By John Lee. The Kurdistan Regional Government's Council of Ministers has discussed the Kurdistan Region Mineral Investment Bill at its weekly meeting. Prime Minister Barzani stressed the importance of the Bill, describing it as a crucial step towards economic diversification and restructuring of investment in the Kurdistan Region's natural resources in a way that meets […]
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 Prime Minister Masrour Barzani has laid the foundation stones on Tuesday for several projects budgeted at over 26 billion Dinars [$18 million] in the Zakho Autonomous Administration. The projects include the construction of several highways and schools, as well as the renovation of Zakho's old bazaar. Prime Minister Barzani stressed the importance of the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan to launch SEZs for imports substitution Minister Muhammad Shukri discusses the Kurdistan Regional Government's (KRG) plans to set up 16 zones for life beyond oil. The full article can be viewed […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) has announced that it had taken "marketing measures" and informed all international companies not to buy crude oil from the Kurdistan Region of Iraq (KRI). SOMO Director, Alaa Al-Yasiri, also told the state-run Iraqi News Agency (INA): "The Federal Court issued a decision stipulating the invalidity […]
KRG Prime Minister Masrour Barzani has inaugurated the new Spilk-Khalifan highway in the Soran Autonomous Administration. The 8.5-km highway has been implemented at a cost of 64.2 billion Iraqi Dinars [$44 million]. At the inauguration ceremony, the Prime Minister described the highway as one of the many strategic projects aimed at enhancing the economic infrastructure […]
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 […]
