By John Lee. The Kurdistan Regional Government's Council of Ministers approved on Wednesday the Agricultural Projects Oversight Bill. According to a statement from the KRG, the bill will play a significant role in creating new jobs for recent graduates, notably from agricultural colleges and institutes. (Source: KRG)
By John Lee. The Kurdistan Regional Government (KRG) has issued a new 77-page guide for investors in the region. It lists opportunities in many sectors of the economy, along with useful data and background information. Click here to download the full report. (Source: KRG)
By John Lee. The Kurdistan Regional Government has said it is working on addressing the rising costs of bread and other basic commodities. In a statement, it said that the relevant ministries and administrative authorities will aim to assist bakeries in the near term, and address the reliance on imported flour in the long term […]
By John Lee. Shares in Genel Energy fell more than 15 percent in mid-morning trading after the company announced that the Kurdistan Regional Government (KRG) intends to terminate its contracts at Bina Bawi and Miran. In a statement, the company said: "Genel has received notice from the Ministry of Natural Resources of the Kurdistan Regional […]
The Kurdistan Regional Government (KRG) has announced that it will be allocating 2.5 billion dinars in funds to combat droughts across the region and 1.5 billion dinars in emergency funds to address urgent water shortages in the Erbil province. As the first phase of its water security strategy, the government will be distributing funds to […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan's unemployed youth blame the government Jobless youth in the Kurdistan Region blame the government for their situation as unemployment and poverty have increased under an economic crisis and the coronavirus pandemic. Click here […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Family power grab in Iraqi Kurdistan raises fears of intra-Kurdish violence Talabanis strip their cousin of all powers amid a power struggle in the Kurdistan Regional Government's Patriotic Union […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company's acquisition of ExxonMobil's remaining 32 percent interest in the Baeshiqa license, doubling DNO's stake. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously […]
By Saman Dawod for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan water crisis blamed on climate and Iran Iraq's Kurdistan Regional Government (KRG) has asked citizens to ration water. Click here to read the full story.
DNO ASA, the Norwegian oil and gas operator, has reported operating profit of USD 61 million in the quarter ending 30 June 2021, its second consecutive profitable quarter since the onset of the COVID pandemic. Revenues totaled USD 184 million, up USD 14 million from the previous quarter, as higher oil and gas prices more […]
The Council of Ministers of the Kurdistan Region of Iraq has approved Soran and Zakho as autonomous administrations, in a meeting led Prime Minister Masrour Barzani. Prime Minister Barzani cited the size and significance of both districts as reasons to grant them autonomy, and proposed that self-governance would ease the workload of people in those […]
KRG receives share of federal budget, ends salary cuts Prime Minister Masrour Barzani on Sunday led a meeting with the Kurdistan Region's Economic Council to address the resumption of full salary pay for government employees. Prime Minister Barzani reiterated that the KRG pays salaries from available revenue, and that they can do so more reliably […]
