The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
In Iraqi Kurdistan, locals are enjoying a property boom. As demand outstrips supply, buying off-the-plan is more popular. But if this housing bubble bursts, the region could face severe economic and political consequences, according to this article from Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of […]
The Middle East Association, in partnership with UK Trade & Investment and the Kurdistan Regional Government, will be leading a Trade Delegation to Iraqi Kurdistan in the spring of 2012, visiting Erbil and Sulaymaniyah. Mission Participants will have the opportunity to meet government ministers, senior business leaders, and the local Chambers of Commerce. The Kurdistan […]
As the US military withdrawal continues, many are worried at the possibility of increased militancy over the coming year in Iraq. Levels of violence rose over the past week with the highest number of casualties recorded in six months. As warned, terrorists targeted Shi’ah worshippers gathering to commemorate Ashura, with a number of attacks in […]
Speech by KRG Minister Herish Muharam, Chairman of the Kurdistan Investment Board, to “Iraq – Untapped Opportunities” Conference in London. Ladies and Gentlemen, I’m very pleased to participate in this important conference on the untapped opportunities in Iraq. As the Chairman of the Kurdistan Board of Investment, it’s my pleasure to be speaking to you, […]
Russian news agency RBC Daily reports that Lukoil, Russia’s second-largest oil producer, is looking to expand its business in Iraq through buying part of ExxonMobil's 60% stake in the West Qurna 1 field. If the deal goes ahead Lukoil would hold 37.5% of the business. It is already in partnership with Norway's Statoil in the […]
This week the Palestinian Authority became the 22nd country to establish a diplomatic representation in the Kurdistan Region. The Consulate General will be headed by Ambassador Nazmi Hazouri, and will join the other countries that have already established a strong presence in the region with Consulate Generals. Ambassador Hazouri, who arrived in the region in […]
Representatives of Poland’s Malopolska Region on Monday in Erbil signed a Declaration of Cooperation with the Kurdistan Region. The agreement marks a significant step in relations between Poland and Kurdistan. The declaration was signed by Mr Marek Sowa, the Marshal of Poland’s Malopolska Region, and the Kurdistan Regional Government (KRG) Minister of Trade and Industry […]
Barham Salih [Saleh], the Prime Minister of Kurdistan's Regional Government, said he expects 12 per cent growth in the region’s economy next year. Speaking at the opening ceremony of the Sulaimaniyah Trades Fair, Salih (pictured) praised the economic boom in the Kurdistan Region. “This city [Sulaimaniyah] used to be like a military camp, a war […]
By Tavish Scott, Member of the Scottish Parliament. This article was originally published by The Scotsman, and is re-published here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A familiar face walked across the hotel lobby. Former BP boss Tony […]
Iraq's oil minister said on Sunday that Iraq will send ExxonMobil a further letter demanding an explanation of its contract with the Kurdistan Regional Government (KRG) after receiving no response so far from the U.S. oil group, according to a report from Reuters. "So far we have sent Exxon three letters and tomorrow we will […]
The Kurdistan Regional Government (KRG) is embarking on a water supply and sewerage programme worth $910 million USD (1 billion IQD), according to AKnews. Samir Abdullah [Samir Abdullah Mustafa, Samir Akrawi], Minister of Municipalities and Tourism (pictured), told a press conference that the Goptapa-Chamchamal water project will supply drinking water for 300,000 people in central […]
CNN's Arwa Damon brings this report from Kurdistan on the continuing struggle between the Kurdistan Regional Government (KRG) and Baghdad's Ministry for Oil over the right to grant oil contracts in the Kurdish region. (Source: CNN)
