Tag Archives | KRG

KRG needs Investors for 2 New Universities

By John Lee. The Kurdistan Regional Government's Ministry of Higher Education and Scientific Research has requested proposals from investors interested in setting up two new private universities. One university will be in Erbil, and one in Sulaymaniya. Proposal should be sent to the Ministry HQ by 11th November, 2016. More information here. (Source: KRG)

Can Iraq curb Corruption among Customs Officials?

By Salam Zidane for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The head of the Security and Defense Committee in the Iraqi parliament, Hakem al-Zamili, has spoken out about the corruption prevailing over Iraq's border crossings. In a press conference held Oct. 3, he stated that the state was not benefiting from […]

Gulf Keystone Petroleum receives Shaikan Payment

Gulf Keystone Petroleum (GKP) confirmed today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in August 2016. Gulf Keystone and the KRG's Ministry of Natural Resources ("MNR") continue to work towards agreeing the final form of the May, June, July and […]

Could Kurdish Independence lead to New Iraq War?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In 2014, following the withdrawal of Iraqi forces, Kurdish Peshmerga troops seized the oil-rich city of Kirkuk from the Islamic State of Iraq and the Levant (ISIL). Two years on and with a […]

HRW: Displaced People Can’t Move Freely

Human Rights Watch (HRW) has said that Iraqi and Kurdistan Regional Government security authorities are unlawfully restricting the freedom of movement of displaced people in camps near Kirkuk. Despite the lack of hostilities in the area, people are not allowed to leave the camps freely. Displaced people in the Nazrawa and Laylan camps told Human […]

Kurdish and Arab families return to Zummar

As the preparations are underway to liberate the City of Mosul from the so-called Islamic State terror group, thousands of families have returned to their villages in Zummar, Nineveh Governorate, after Kurdish forces liberated and secured the area. The High Committee to Evaluate and Respond to International Reports states that more than 2,000 Arab and […]

Lebanon to Increase Economic Cooperation with Kurdistan

The Head of KRG Foreign Relations, Minister Falah Mustafa, yesterday received Lebanese Chargé D'affaires in Iraq Mr. Walid Ghoussaini. The Lebanese Chargé D'affaires gave an overview of the participation of the Lebanese companies in the economic development of the Kurdistan Region and highlighted the desire of the Lebanese companies to broaden the scope of their […]

KRG PM Highlights the Role of Private Sector

The Prime Minister of the Kurdistan Regional Government (KRG), Nechirvan Barzani, has praised the role of the private sector in stimulating Kurdistan’s economy, as the region is dealing with financial challenges. During a speech at a conference organized by the Kurdistan Federation of Chambers of Commerce and Industry on Sunday, Prime Minister Barzani said that […]

KRG "Seized, Sold Gulen Schools"

By Sara al-Qaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A private company has reportedly taken over Gulenist schools in Iraqi Kurdistan. According to the Dwarozh news website, Kurdistan Regional Government (KRG) Education Minister Bishwan Sadeq said a private Kurdish company, the Khoshnaw Group, bought the […]

KRG Announces Increased Oil Production in Sept

The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for September 2016. During the month it exported 564.8k bpd from the Turkish port of Ceyhan, significantly up from the previous month’s figure, at an average price of $36.10 per barrel, bringing in revenue of $612 million. Please click here to view […]

KRG Official under Investigation for Leaking Oil Data

The Kurdistan Region’s Ministry of Natural Resources (MNR) has said it is investigating a senior official who may have given “confidential data for oil and gas blocks” to a London-based company. In a statement, the MNR said that a London-based company is promoting itself to potential investors as a new upstream investment vehicle focussed on […]