The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
The Kurdistan Regional Government's Head of Foreign Relations officially opened a new Representation Office in Vienna on Saturday, making it the 13th KRG representation office abroad. At the same time, Austria's Vice Chancellor and Foreign Minister announced that Austria also plans to open a representation office in Erbil as well. Minister Falah Mustafa opened the […]
The KRG's Ministry of Agriculture and Water Resources had decided to ban the importation of more vegetables and fruit in order to boost the local production, reports AKnews. From the beginning of July it will impose the ban on sunflower seeds, watermelon, melon and eggplant, said Nuri Ismael, loan and marketing director at the Ministry. […]
AKnews reports that a joint business delegation from Jordan and Palestine will arrive in Iraqi Kurdistan Region this week for a business conference. Dara Jalil Khayyat, head of the Kurdistan Union of Chambers of Commerce and Industry, said fifteen businessmen from Jordan and two from Palestine will arrive on Tuesday, and will hold an economic […]
AKnews reports that Kurdistan's Minister of Finance and Economy says he cannot afford to increase the housing grant. Bayiz Talabani [Bayiz Saeed Mohammad Talabani] (pictured) attended a budget meeting on Thursday to answer reports of parliamentary committees. Talabani said: "Now 18,000 staff and civil servants get paid from the Kurdistan Regional Government." It was suggested […]
Flights between Tehran and the Kurdistan Region began for the first time on Monday, said Tehran-based Mahan Airlines. Hossein Hosseini, the Director of Marketing for the airline, said “We are delighted to announce Erbil as our first new route for 2012. We have seen significant growth in Northern Iraq economy during past two years and […]
Iraqi Kurdistan needs to spend 200 billion dinars ($172 million) a year on homebuilding, an adviser to the housing ministry, Ammar al- Najjar, told Bloomberg in an interview. “We are capable of resolving the housing crisis in the coming 10 years through building 5,000 units a year ...We’ll need 200 billion dinars a year to […]
A plan to construct a new oil pipeline, with a capacity of 1 million barrels per day, between Iraqi Kurdistan and Turkey has drawn positive responses from many in the oil industry, according to a report from Investors Chronicle. Paul Atherton, finance chief of Heritage Resources, said: "This is an excellent opportunity for Heritage to […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
KRG Prime Minister Nechirvan Barzani announced a strategic, tripartite energy agreement yesterday between companies from the Czech Republic, Turkey and the Kurdistan Region to build a new power plant. The agreement brings together the Czech Export Bank, Czech company PSG International, Turkey’s Renaissance Construction and KAR Group, the Kurdistan Region’s largest company, to build and […]
WesternZagros Resources today announced an update of the Company's ongoing exploration and appraisal program, and a substantially revised Prospective Resource Assessment of the Eocene reservoir for Kurdamir. The Eocene reservoir is the second of the three targeted reservoirs in the Kurdamir-2 well (currently drilling). The revised assessment is based upon the Kurdamir-2 well encountering an […]
Conditions seemed relatively quiet in Iraq for most of last week until a co-ordinated spate of bombings hit the capital on 31 May. Otherwise, the total number of attacks recorded countrywide fell by almost half. At least 31 people were killed and 74 injured in nationwide incidents. Across the country a total of 21 bomb […]
Levels of violence fell slightly in Iraq last month. Over the course of May AKE documented at least 162 separate attacks around Iraq. Incidents left at least 223 civilians and members of the security forces dead. Dozens more injured and the figure does not include militants and terrorists killed in police or army operations or […]
