The Prime Minister of Iraqi Kurdistan has said the Region is safe and secure for investment, and encouraged foreign businesses to return to Kurdistan after the defeat of the so-called Islamic State (IS, ISIS, ISIL, Daesh) terror organization. Speaking at the opening ceremony of a new five-star hotel in Erbil, Nechirvan Barzani said: "Lebanese investors […]
By John Lee. Czech company Zetor is reported to be planning to set up a tractor assembly plant in Iraqi Kurdistan in 2020, using parts imported from the Czech Republic. According to Rudaw, the company will set up an entire new division on the KRI by 2030. A spokesperson for the KRG's Ministry of Agriculture […]
By John Lee. A new report from the British House of Lords' Select Committee on International Relations has recommended that the United Kingdom should not support Kurdish independence. Describing the Iraqi Kurds as "a valuable ally", the report -- The Middle East: Time for New Realism -- says that while the UK should support the Kurdistan […]
Since the start of military operations in October 2016 to liberate the City of Mosul, the number of internally displaced persons, IDPs, who have taken refuge in the Kurdistan Region has risen to 164,000 people. They are mainly located in camps in Erbil and Duhok Governorates. In an interview with Kurdistan Regional Government website, Hoshang […]
By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As talk of an independence referendum for Iraq's Kurdistan Regional Government (KRG) grows, Iran's role is becoming more visible, especially that of Qasem Soleimani (pictured), the powerful commander of […]
The US State Department has approved a possible Foreign Military Sale to the Republic of Iraq for equipment for two Peshmerga infantry brigades and two support artillery battalions. The estimated cost is $295.6 million. The Defense Security Cooperation Agency (DSCA) delivered the required certification notifying Congress of this possible sale on April 18, 2017. The […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $15.0 million ($12.0 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in January 2017. (Source: GKP)
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 46.15 million from the Kurdistan Regional Government (KRG) as payment towards January 2017 crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 38.70 million toward […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi city of Mosul is being reshaped after bitter negotiations between the Iraqi government and Kurds. Once the dust settles, question will arise as to who will control what. And where does […]
By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Controversy ensued when the flag of the Kurdistan Regional Government (KRG) was raised in Kirkuk on March 28. The local government in the province insisted on having the Kurdish […]
The Head of the KRG Department of Foreign Relations, Falah Mustafa, received a United Nations World Food Programme (WFP) delegation that included Celebrity Partner for UNWFP for Iraq, Ms. Suhair Al-Qaisi, and Head of the Erbil Office Moayad Hameidi. In the meeting Minister Mustafa appreciated the role Ms. Al-Qaisi is playing in supporting, helping the […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Who owns Kirkuk, the major northern city with the major oil resources? The authorities in Iraqi Kurdistan have always considered it part of their semi-autonomous region which meant that the […]
