The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. KRG Prime Minister Masrour Barzani recently received a delegation from the United States-Kurdistan Business Council (USKBC), led by its President, David Tafuri. The KRG said in a statement: "David Tafuri congratulated the Kurdistan Region for holding a successful and democratic parliamentary elections last month. He reiterated the USKBC mission to support and […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sunni MPs stall new Iraqi law on Ba'ath-era land transfers Iraq's parliament has once again delayed a vote on a proposed property restitution law that has sparked contention. First introduced in April, the […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has met with members of the Parliamentary Finance Committee, led by Chairman Atwan Al-Atwani, to discuss resuming oil exports from the Kurdistan region via the Iraq-Turkey Pipeline (ITP) and the Turkish port of Ceyhan. The meeting focused on strengthening cooperation between the Ministry of Oil and […]
By John Lee. Shares in Genel Energy closed up over 6 percent on Tuesday, after the company said it, "continued optimising cash flows, evolving our capital structure and originating and maturing opportunities to acquire new assets that add reserves and diversify our cash generation geographically." In its trading and operations update for the third quarter […]
On 10 November 2024, the Kurdistan Regional Government's (KRG) Ministry of Labour and Social Affairs, in partnership with the International Labour Organisation (ILO), and with funding from the European Union, launched the Digital Employment Platform. This initiative aims to boost employment opportunities and increase job market participation in the Kurdistan Region by streamlining job applications […]
By John Lee. UAE-based Dana Gas has announced its financial results covering nine months to 30th September 2024. Regarding the company's operations in the Kurdistan Region of Iraq, it said: "Dana Gas and Pearl Petroleum (Pearl) are fully committed to safely and efficiently resuming the KM250 project. Following the termination of the previous EPC contract, […]
By John Lee. On Thursday, DNO, the Norwegian oil and gas operator, reported a 24-percent increase in revenue to USD 170 million in the third quarter of 2024, with operating profit also higher at USD 31 million, up from an operating loss of USD 3 million in the previous quarter. Regarding operations in the Kurdistan […]
By John Lee. The Iraqi Cabinet has approved an amendment to the Budget Law, compensating the Kurdistan Regional Government (KRG) for production and transportation costs of oil produced in the region and received by the State Oil Marketing Organization (SOMO) or the Federal Ministry of Oil. It said the Federal Ministry of Finance will compensate […]
By Dr. Zmkan Ali Saleem, Dr. Hussein Mishbak and Karam Robeil, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Economic Review: KRG's Financial Conundrum | Iraq's […]
By John Lee. The Kurdistan Democratic Party (KDP) has come first in the parliamentary elections in the semiautonomous Kurdistan region of Iraq, winning 39 of the 100 seats. Turnout was approximately 72 percent. Commentary here from Al Jazeera. Raw data from the Independent High Electoral Commission (IHEC): Erbil Sulaymaniyah Duhok Halabja (Sources: Al Jazeera, IHEC)
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan holds regional polls, but change remains elusive After two years of delays, Iraqi Kurdistan has finally held regional legislative elections. The two largest Kurdish parties last cycle again topped the polls, […]
By John Lee. The Kurdistan Democratic Party (KDP) has reportedly won the elections for the Kurdistan parliament, which were held on Sunday. The Union of Kurdistan (PUK), came second, followed by New Generation. Turnout was approximately 72 percent. See summary results here from Rudaw. Commentary here from The National. Raw data from the Independent High […]
