The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By Hal Miran, Editor-in-Chief, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan, or the Kurdistan Region, is the autonomous region in the north of Iraq. Its economy is mainly powered by oil, and to a lesser extent other industries. Its capital city is […]
Shares in DNO ASA, the Norwegian oil and gas operator, were trading up 5 percent on Thursday morning after the company announced expanded investments, including doubling of planned 2017 wells at the Tawke field in the Kurdistan region of Iraq, on the back of strong first quarter results. The Company reported quarterly net profit of […]
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 […]
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 […]
Genel Energy has announced that Stephen Whyte has been appointed as an independent non-executive director and Chairman designate with immediate effect. Tony Hayward (pictured) will retire as a Director and Chairman of the Company at the conclusion of the 2017 AGM, to be held on 6 June 2017, at which point Stephen Whyte will take […]
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. The United Nations Office for Project Services (UNOPS) has awarded a contract to Sohouh al-Tashyeed (SATEC) for the renovation of the Independent Human Rights Commission in Kurdistan (IHRC-KRG) Sub Office Building in Erbil. The contract is valued at $48,260. (Source: UNGM)
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. You don’t need to drive very far from the major Iraqi Kurdish city of Sulaymaniyah to exit the terrain controlled by the government of Iraqi Kurdistan. Twenty minutes from 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)
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Finance Assistant, Norwegian Refugee Council (NRC) Junior-Berater Stabilisierung der Lebensgrundlagen, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Rappresentante Paese, Cooperazione Internazionale Fondazione (COOPI) Project Manager, Cooperazione Internazionale Fondazione (COOPI) WASH Technical and Consortium Coordinator, Agency for Technical Cooperation and Development (ACTED) Roving Sub-National […]
