The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed the day down 5 percent on Thursday following the company's Operational and Corporate Update. The company announced increased production, sales and cash balances, and described the near-term local sales outlook as "strong." Full statement from the company: Gulf Keystone, a leading independent operator and producer […]
By John Lee. Dohuk-based Newsazz Ltd has won a series of contracts with the United Nations: IT equipment to support PMO-NOC office, via the UN Development Programme (UNDP), as advertised here on Iraq Business News. Contract value: IQD 98,230,000 [$75,000]; Bullet-proof vests and helmets, for the International Trade Centre (ITC): Contract value: $23,700; Digital Forensics […]
From the United Nations Development Programme (UNDP): Developing Tourism Enterprises in Kurdistan Region of Iraq The United Nations Development Programme (UNDP) in Iraq, with funding from the United States Agency for International Development (USAID), in collaboration with the Ministry of Municipality and Tourism - Board of Tourism of the Kurdistan Regional Government (KRG), proudly announces […]
KRG and Visa sign strategic partnership to promote financial inclusion The KRG's financial inclusion initiative 'MyAccount' has entered a strategic partnership with Visa, a world leader in digital payments, marking a key milestone in advancing digital payment solutions and promoting financial inclusion in the Kurdistan Region of Iraq. As part of this partnership, Visa will […]
By Ahmed Tabaqchali for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdistan's share of the 2024 Iraqi budget: More than meets the eye The KRI's share of the budget has always been more than meets the eye, a share […]
By John Lee. Kuwait-based Safir Hotels & Resorts has announced its entry into Iraqi Kurdistan with a new 5-star hotel in Erbil. The management contract was officially signed between Hariri Building & Contracting Co. HARCO Offshore, the hotel's owning company, represented by Mr. Mostafa Al-Hariri, Chairman of the Board, and Safir International Hotels & Resorts, […]
By John Lee. Handicap International (HI) has published a positioning paper on the recent disability legislation in Kurdistan Region of Iraq (KRI) (Law No. 8 of 2021). The paper was developed by HI's local partner, Sheyaw NGO, as part of the "Promoting Effective and Active Civic Engagement among persons with disabilities in Iraq (PEACE)" project. […]
By John Lee. The Kurdistan Regional Government (KRG) has issued a statement following its arbitration win in a dispute with Genel Energy. Genel announced last week that a British court had dismissed its claim for damages from KRG for loss of Genel's rights to develop the Bina Bawi and Miran fields in Iraqi Kurdistan. According […]
By John Lee. Greece's Aegean Airlines has announced a new direct route between Athens Airport to Erbil International Airport in Iraqi Kurdistan. Flights will commence on 23rd February and operate twice a week, every Wednesday and Sunday. (Source: Aegean Airlines)
By Charles Kennedy for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Parliament Ends Year With No Kurdistan Oil Deal The Iraqi parliament ended this year's session without finalizing a deal with the semi-autonomous region of Kurdistan for the exports of crude […]
By Renad Mansour, for World Politics Review. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Newfound Stability Is About to Be Tested Amid the fighting that continues to grip much of the Middle East, Iraq-a country that for decades was at the […]
By John Lee. Genel Energy has announced that a British court has dismissed its claim for damages from the Kurdistan Regional Government (KRG) for loss of Genel's rights to develop the Bina Bawi and Miran fields in Iraqi Kurdistan. In a statement made after the close of trading in London on Monday, the company said […]
