The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Bin Shabib & Associates (BSA) LLP recently supported the French Business Council Dubai and Northern Emirates, in hosting a cocktail reception at the Divan hotel in Erbil. The reception was attended by representatives from several French companies looking to invest in Kurdistan, government officials, Regulator of Insurance Authority, the French Embassy, the President of the […]
By John Lee. According to property consultancy Colliers, there is a "clear market opportunity" to develop branded hotel projects in Erbil. Construction Weekly Online reports occupancy rates are increasing, and the construction of a new airport in the city has had a positive effect on the numbers of both business and leisure tourists. The total […]
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for the first quarter ended 31 March 2013 with a net profit after tax of AED 241 million (US$ 66 million), an increase of 17% as compared to AED 206 million (US$56 million) in Q1 2012. Revenue […]
Shares in Afren have risen more than 5 percent since the publication of its Interim Management Statement on Thursday. In the statement, the company gave the following update on its operations in Iraqi Kurdistan: Barda Rash As part of the phased development of the field, Afren initiated production operations in August 2012 producing its first […]
By John Lee. Turkish prime minister has said that state-owned Turkiye Petrolleri AO (TPAO) is has reached an agreement with the Kurdistan Regional Government (KRG) and ExxonMobil to carry out oil exploration in northern Iraq. Tayyip Erdoğan (pictured) told reporters: "Countries from various parts of the world are taking steps to explore and produce oil in […]
By John Lee. Shares in ShaMaran Petroleum were down as much as 6 percent this morning following the announced of its financial and operating results for the three months ended March 31, 2013. (Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars). Highlights […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The first group of Kurdish fighters leaving Turkey as part of a peace drive with Ankara arrived to handshakes and embraces in Iraqi Kurdistan early Tuesday after a gruelling week-long journey. (Source: AFP)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey is edging closer to ending its 30-year conflict with the PKK. The separatist group is withdrawing as part of a peace process. The first group of fighters has now arrived in Iraq. […]
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The economy of the Kurdistan region of Iraq fluctuates according to the state of relations between Baghdad and the Kurdistan Regional Government. A key indicator of the region’s economy, real estate, […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The withdrawal of Kurdistan Workers' Party militants into Iraq's Kurdistan Region has raised controversy in Baghdad. PKK militants are leaving Turkey and moving to Kurdistan under an agreement with the Kurdistan Regional Government. […]
By Shalaw Mohammed. 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. Recent clashes in Hawija have not only increased tensions between protestors and Baghdad, they’ve also reignited hostility between Iraqi Kurdistan’s military and the Iraqi army. Locals […]
By John Lee. The Iraqi Ministry of Foreign Affairs has issued a statement on the reported movement of PKK fighters from Turkey into Iraq: News agencies and media reports circulated reports on the start of the withdrawal of PKK armed men from Turkey into Iraqi territories. At the time the Iraqi government welcomes any political […]
