Tag Archives | Kurdistan News

The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.

New Food Industry Zone to be built in Duhok

By John Lee. KRG Prime Minister Masrour Barzani recently laid the foundation stone of a food industry zone in Duhok. In a statement, PM Barzani said: "Our promise is to develop other sectors of the economy and end our dependence on a single source of revenue. "Better infrastructure will benefit the whole of Kurdistan. Our […]

300MW Power Station opened near Erbil

By John Lee. A new 300-megawatt steam power plant has been recently opened in Khabat, on the outskirts of Erbil. The plant, built in partnership with South Korean companies POSCO and the Korean National Oil Company (KNOC), adds 10 percent to the region's electricity capacity. Speaking at the opening ceremony, KRG Prime Minister Masrour Barzani […]

Oryx Petroleum Announces Change in Control

Oryx Petroleum Corporation has announced that the Corporation's two largest shareholders have informed the Corporation that Zeg Oil and Gas Ltd. acquired control of the Corporation from AOG Upstream BV on July 23, 2020 in the context of the previously announced transaction. The acquisition was conditional upon and subsequent to the closing of the Loan […]

Kurdistan Region: Arabs "Blocked From Returning"

By John Lee. The Kurdistan Regional Government (KRG) is preventing about 1,200 Arab families from returning home to 5 villages more than 6 years after the area was retaken from the Islamic State (also known as ISIS), Human Rights Watch (HRW) said on Sunday. KRG authorities have allowed Kurdish residents in neighboring villages, in the […]

Iraq's Digital Innovators

This article has been originally published in the GIZ magazine 'akzente' at https://akzente.giz.de/en/artikel/iraqs-digital-innovators. It is reprinted here by kind permission of GIZ. A new generation of young Iraqi entrepreneurs are confronting the country's challenges, even during the coronavirus pandemic. Text und Fotos: Olivia Cuthbert The streets are eerily silent in Mosul's old city. A fierce […]

Coronavirus: US could Lose Kurdistan to China

By Yerevan Saeed for Al Jazeera. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Coronavirus could cause US to lose Iraqi Kurdish region to China Since the start of the COVID-19 crisis, China has been working to expand its influence over the KRG […]

Baghdad's Row with Ankara could Benefit Each Side

By Fehim Tastekin for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad's row with Ankara could benefit each side Turkey's drive to establish a "security corridor" against Kurdish groups along its southern borders - all the way from Afrin in northwestern Syria to the Qandil […]

UAE Sends Medical Aid to Iraq to Fight COVID-19

The UAE has sent an aid plane carrying 10.5 metric tons of medical supplies to Iraq to bolster the country's efforts to curb the spread of COVID-19. This aid will assist approximately 10,500 medical professionals as they work to contain the virus. Commenting on the aid delivery, Mohamad Saleh Altenaiji, Charge d'affaires of the UAE […]

Shamaran Bondholders appoint Advisers

By John Lee. According to Bloomberg Law, a group of bondholders of Shamaran Petroleum has reportedly appointed restructuring specialists Akin Gump Strauss Hauer & Feld LLP to advise on ongoing debt talks. ShaMaran Petroleum said last week that that it continues to examine alternatives to address a breach of financial covenant and liquidity shortfall, and […]

KRG Council of Ministers reviews Public Expenses

Prime Minister Masrour Barzani on Wednesday chaired a cabinet meeting via video conference to discuss expenses and the need to adapt to the current budget while protecting public entitlements. In the meeting attended by Deputy Prime Minister Qubad Talabani, the Council of Ministers stressed continued commitment to reducing salaries of senior officials, including those retired […]

KRG discusses Land Ownership, Service Contracts

Prime Minister Masrour Barzani chaired a video conference meeting on Tuesday on notarisation of lands and residential housing projects. In the meeting attended by Deputy Prime Minister Qubad Talabani and other cabinet ministers, Prime Minister Barzani spoke about separating land plots allocated for projects in a bid to resolve the issue of lands granted to […]