By John Lee. Shares in Gulf Keystone Petroleum (GKP) were up 28 percent on the London market this morning, after the Kurdistan Regional Government's Ministry of Natural Resources clarified its export payment plan for foreign oil companies. Other companies with exposure to Iraqi Kurdistan, includingn Genel Energy and DNO, also saw their shares rise significantly. […]
Text of speech by Prime Minister Nechirvan Barzani at the conference held today to announce the roadmap for reform and modernisation of the Ministry of Finance and Economy and debate the current financial crisis in the Kurdistan Region: Dear Distinguished Guests, Good morning to you all. I would like to thank representatives of foreign countries, […]
With no let-up to the war in Syria, UN, humanitarian and development agencies in Iraq have appealed for $298 million in ongoing assistance for nearly 250,000 Syrian refugees in Iraq. The appeal was made at the launch of the Iraq chapter of the Syria Regional Refugee and Resilience Plan (3RP) in Erbil today, attended by […]
Prime Minister Nechirvan Barzani yesterday received a delegation from the European Union Mission to Iraq led by Mr. Constantinos Vardakiz, acting Head of the EU Mission to Iraq and Head of the EU Office in the Kurdistan Region, along with representatives assigned to the Kurdistan Region by EU member states. The EU delegation noted with […]
Following a recent visit by senior Kurdistan Regional Government, KRG, delegation to the United States to brief the US Administration about the financial crisis in the Kurdistan Region, and to request US support, yesterday Prime Minister Nechirvan Barzani received the US Ambassador to Iraq, Mr. Stewart Jones and his accompanying diplomatic team. In the meeting, […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. They are among the most trusted allies of the international coalition in the fight against ISIL in Iraq. Kurdish fighters benefit from military and political support. But they are also being accused of […]
By John Lee. The head of the KRG Committee to Respond to International Reports, Dindar Zebari (pictured), has said that the KRG rejects all accusations made about Peshmerga forces by Amnesty International. He told K24: “The Peshmerga have liberated large swaths of territory from Daesh [IS] and have helped civilians regardless of their ethnic and […]
Kurdistan Regional Government Prime Minister, Nechirvan Barzani and Deputy Prime Minister, Qubad Talabani, have held a meeting with the governors of Erbil, Sulaymani and Duhok to discuss ways to address the current financial crisis in the Kurdistan Region. In the meeting, which was also attended by the KRG Minister of Interior and a number of […]
By John Lee. A report this morning from Amnesty International claims that Peshmerga forces of the Kurdistan Regional Government (KRG) and Kurdish militias in northern Iraq have bulldozed, blown up and burned down thousands of homes in Arab villages. It says that although KRG officials have tended to justify the displacement of Arab communities on […]
‘If this financial crisis continues, it will have a great effect on the front lines. You cannot send your fighters with empty stomachs to the fight,’ Dr Fuad Hussein told a group of journalists from American media outlets on Friday morning. He added, ‘We need support and help. We are [in Washington] to explain this […]
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. A Pipeline In The Pipeline: Can Exporting Natural Gas Save Iraqi Kurdistan? Beginning 2016 Iraqi Kurdistan will begin to build a new natural gas pipeline to Turkey. But analysts say […]
Kurdistan Regional Government (KRG) officials contiued their visit to Washington this week with meetings with Administration and defense officials, as well as senators and media organizations. The visit comes as falling oil prices, the responsibility of 1.8 million displaced people, and the ongoing war against ISIS have put tremendous financial strain on the KRG and […]
