The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Sulaymaniyah-based iQ Networks and Nokia have announced their collaboration to establish a new Dense Wavelength Division Multiplexing (DWDM) wholesale route from the Gulf to Europe. According to a press release: "This strategic route will provide new fiber optic paths, significantly enhancing both latency and diversity while enhancing the capacity and strengthening the […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq buys 900 MW of power from Kurdistan Region daily: Ministry Iraq's electricity ministry on Sunday said it buys 900 megawatts of electricity daily from the Kurdistan Region, amid lower power production due to […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, has issued an update on production, sales volumes and other key information for Q3 2024: Q3 2024 Trading Update and Invitation to Earnings Call Oslo, 14 October 2024 - DNO ASA, the Norwegian oil and gas operator, will publish its Q3 2024 operating and interim […]
Second phase of the PROSPECTS partnership launched in Iraq The Government of Iraq officially launched yesterday the second phase of the PROSPECTS partnership in Iraq, an initiative spearheaded and funded by the Government of the Netherlands. This four-year initiative, with a total investment of USD 46 million, aims to provide comprehensive crticial support to refugees, […]
By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has called for formal tripartite meetings with the Government of Iraq and Kurdistan Regional Government (KRG) officials to immediately restore exports through the Iraq-Türkiye Pipeline. A statement from the Association of the Petroleum Industry of Kurdistan (APIKUR) said: As world leaders […]
By John Lee. Saudi Arabia's Ambassador to Iraq, Abdulaziz Al-Shammari, is quoted as saying that a commercial representation office for Saudi Arabia is being established in Erbil, as part of broader efforts to strengthen trade ties between Saudi Arabia and Iraq. The office will function under the commercial consulate in Baghdad. In a statement to […]
By John Lee. Kuwaiti logistics firm Agility has announced that Iraq's Korek Telecom has been ordered to pay it nearly $1.2 billion in damages. The judgement by International Chamber of Commerce (ICC)'s International Court of Arbitration relates to allegations of fraud and corruption orchestrated by Korek with a view to unlawfully causing the expropriation Agility's […]
By John Lee. Qatar Chamber (QC) has hosted a meeting with a delegation from Invest Kurdistan. The meeting aimed to strengthen economic and commercial relations between Qatar and the Kurdistan Region of Iraq. Discussions included an introduction to the investment climates and opportunities available in both regions. Full statement from Qatar Chamber: Qatar Chamber hosted […]
By John Lee. The Kurdistan Regional Government, led by Prime Minister Masrour Barzani, has laid the foundation for a $480 million emergency water supply project in Erbil. Set for completion within 550 days, the project aims to fully resolve the city's water shortage by treating 480,000 cubic meters of water daily and supplying 20,000 to […]
From the Iraq Britain Business Council (IBBC): British International University in Iraq Opens New Campus in Erbil The new British International University in Iraq, a project between IBBC members London University, GEMS, and CISQ, was officially opened by the Prime Minister of the KRG, Mr. Masrour Barzani, on Saturday, 7th September. The event was attended […]
By John Lee. In a statement to the Abu Dhabi Stock Exchange, Dana Gas has announced that Pearl Petroleum has commenced arbitration proceedings against Canadian company Enerflex, the EPC contractor of the KM 250 project. The arbitration relates to the termination of Enerflex's contract for the Khor Mor Gas Expansion Project, due to alleged performance […]
On Tuesday, 3 September 2024, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with a delegation from the United Kingdom led by Oliver Christian, His Majesty's Trade Commissioner for the Middle East and Pakistan, and His Majesty's Consul General to Dubai. The meeting was also attended by Andrew Bizley, the UK Consul […]
