The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Dubai-based Emaar Properties and Kurdish firm Farouq Holdings [Farouk] are reported to be in talks with the Kurdistan Regional Government about developing a new $3bn resort in Sulaimaniya governate. Zawya reports that the KRG has approved the Dukan tourist city project, and that work could start within six months. The director-general of the Kurdistan Investment […]
Officials in Egypt have announced a new 2-million m2 free zone for Egyptian industrial projects in Iraqi Kurdistan. Following a meeting with the KRG's Minister of Trade and Industry, Sinan Chalabi [Senan Jalabi], the Chief of the Egyptian Commercial Body, Anwar al-Sahrjty, said: "The two sides agreed to study the possibility of establishing Egyptian plants […]
There are 2,300 foreign firms working in Iraqi Kurdistan, in addition to approximately 15,000 local companies, according to a report from Shafaaq News. The KRG's Minister of Trade and Industry reportedly added: "It is necessary to take into consideration the significance of those companies when fining or penalizing them." (Source: Shafaaq)
The KRG's Natural Resources Minister, Ashti Hawrami (pictured), has said that the Kurdish region could export 250,000 barrels of oil a day this year and is "on track" to ship 1 million bpd by 2015 and 2 million by 2019. "We need to get oil from the Kurdistan region -- and more widely from northern […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Discussions over the possibility of re-electing the president of Iraq's Kurdistan region for a third term in office have raised controversy. The Kurdish opposition is firmly against extending Masoud Barzani's time in office. […]
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. Over the past years, the Kurdistan Region of Iraq has seen an economic boom and become open to the outside world, as it has begun to enjoy more security and […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The visit of a delegation representing the Iraqi National Alliance to the Iraqi Kurdistan Region and its meeting with the region’s president, Massoud Barzani (pictured), was largely considered a step toward […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Negotiations between Iraq's central government and Kurdistan's regional government have been described as productive. Officials in the Kurdistan Region have sent a letter to Iraq's ruling National Alliance. The alliance has visited Kurdish […]
By John Lee. Shares in the Anglo-Turkish oil and gas company Genel Energy closed up 6.4 percent on Wednesday after it announced that the first of five exploration wells it plans to drill this year in the Kurdistan Region of Iraq has made a significant oil discovery. The company said the Chia Surkh 10 well […]
By John Lee. The first cargo of Iraqi Kurdistan's crude oil has been sold on the international market, industry sources report. World Bulletin says that the crude, pumped from Genel Energy's Taq Taq oilfield (pictured), was exported by truck to Turkey and sold via tender for loading in April. One trader said the cargo sold […]
Deputy Prime Minister Emad Ahmad Sayfour this week in Madrid met with Spain’s Minister of Foreign Affairs and Cooperation José Manuel García-Margallo. The meeting marked the first official visit by the Deputy Prime Minister to Spain. In their meeting, Deputy Prime Minister Ahmad said: "This is the first Kurdistan Regional Government mission to Spain and […]
The following is a statement by Kurdistan Regional Government on what it describes as "the manipulation of the EITI process": The EITI oil transparency report that inexplicably disappeared In 2008, the then federal Deputy Prime Minister, Barham Salih, committed Iraq to achieving compliance with the Extractive Industries Transparency Initiative (EITI), which aims to help citizens […]
