Dara Jalil Khayat, Chairman of the Kurdistan Federation of Chambers of Commerce and Industry said, “Despite the recent challenges, Kurdistan Region has preserved its economic and trade position. The Kurdistan Region has become an important centre for trade in Iraq and the overall region thanks to its security and stability.” Dara Khayat told KRG.org that […]
By John Lee. The Kurdistan Regional Government (KRG) is reported to be planning to export natural gas to in the near future. The head of the KRG's Industry and Natural Resources Committee, Sherko Jawdat, told BasNews: “This step is still in the beginning, but the process has not gone into the implementation stage yet, however […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Peshmerga forces are being accused of a possible war crime in Iraq. A video has emerged showing Peshmerga soldier shooting dead a captured fighter from the Istamic State of Iraq and the Levant […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's government has reached a temporary agreement with authorities in the Kurdish region to end a dispute over oil exports and budget payments to the semi-autonomous region. Al Jazeera's Jane Arraf reports from […]
By John Lee. Baghdad and Erbil have reached an agreement resolving the long-running dispute over oil exports and budget payments. Finance Minister Hoshyar Zebari said that 550,000 barrels per day (bpd) of oil would be sent to the Iraqi oil ministry. In return, the Kurds will receive their 17% share of the national budget. The […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced that, further to the recent statement by the Ministry of Natural Resources (MNR) of the Kurdistan Regional Government (KRG) regarding payment to producers for crude oil exports, an initial payment of USD 15 million (17.5 billion Iraqi dinars) gross has been made to the company. Gulf […]
The Head of Trade and Economic Section of Republic of Bulgaria in Erbil, Mr. Dimitar Ougrinov, today met with the KRG Head of Department of Foreign Relations, Minister Falah Mustafa to discuss bilateral ties and the latest developments. Mr. Ougrinov announced that Bulgaria places great importance on enhancing relations with the Kurdistan Region and stated […]
Kurdistan Region President Masoud Barzani welcomed the Czech Republic’s Minister of Foreign Affairs, Lubomír Zaorálek, on Thursday. In a meeting in Erbil, the President and the Czech Foreign Minister discussed strengthening bilateral relations and military support by the Czech Republic to Iraq and Kurdish peshmerga forces. Foreign Minister Zaorálek, who was accompanied by his country’s […]
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. While a recent deal between Baghdad and Erbil to export oil from the northern fields is seen by many as a breakthrough after years of stalemate, the prospect of further progress […]
Kurdistan Region President Masoud Barzani today welcomed Chief of Staff of the United States Army, General Raymond Odierno, who is visiting to assess firsthand the status of the fight against ISIS terrorists and the cooperation between the Peshmerga, the coalition forces and the Iraqi forces. General Odierno commended the bravery of the peshmerga forces and […]
A committee in charge of collecting accurate data and information on the conditions of Yezidi Kurdish women, abducted by the Islamic State in Iraq and Al-Sham, ISIS, terrorist organisation, is being set up. The decision was taken yesterday during the regular meeting of the Kurdistan Regional Government’s Women Rights Monitoring Board, chaired by the KRG […]
A resolution was introduced to the US Congress that would authorise the US government to supply military equipment, weapons, and training directly to Kurdistan Regional Government Peshmerga Forces. House Resolution 5747, a bi-partisan resolution, was introduced into the House Foreign Affairs Committee by Chairmen Ed Royce and Ranking Member Eliot Engel. The bill authorises the […]
