The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
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 […]
Iraqi Kurdistan aims to increase increase oil production to 2 million barrels per day (bpd) by 2019, KRG Energy Minister Ashti Hawrami (pictured) told a panel at a World Economic Forum meeting in Istanbul on Tuesday. According to a report from Reuters, Hawrami also said that he wants companies to build pipelines so the fuel can […]
The Kurdistan Regional Government's Head of Foreign Relations on Wednesday received Slovakia's Ambassador to Iraq, Miloslav Nad, to discuss the upcoming establishment of a Slovakian representative in Erbil. “The Government of the Republic of Slovakia is committed to further strengthen its relations with Kurdistan Regional Government,” said the Ambassador. He highlighted the development and progress […]
GardaWorld, the Security Solutions business unit focused on emerging markets, announced today it has instituted an Instructor Development Course for its local national staff in Kurdistan designed to facilitate the training of local nationals in a broad range of security-related services and skills. Upon successfully completing the Course, graduates receive a UK City & Guilds […]
KRG President Masoud Barzani met with the Special Representative of the Russian President for the Middle East and Deputy Foreign Minister Mikhail Bogdanov (pictured) in Salahaddin this week to discuss strengthening ties between Russia and the Kurdistan Region. Deputy Foreign Minister Bogdanov said his government is keen to build on the historic ties and friendship […]
