The Kurdistan Ministry of Agriculture and Water is building three small dams to tackle the water crisis near Koya, Sulaimaniyah. Minister Jamil Suleiman told AKnews that the projects in Bawajan, Qoritan and Timarok villages will cost $552,500. The projects are funded from the 2011 ministry budget, have already been started, and will be completed within […]
Tag Archives | Kurdistan News
The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Tags: Kurdistan News, Water
Foundation Stone Laid for Giant Food Warehouse
Sinan Chalabi, Kurdistan trade and industry minister, laid the foundation stone on Wednesday for a new government-owned food storage warehouse in Erbil AKnews reports that the project, with capital of $1.5 million, will be completed in one year. The building which will store the monthly food-rations of residents will be constructed on 4,000 square meters […]
Tags: food, Kurdistan News
Weekly Security Update for 25th August 2011
The current world focus is on Libya, with AKE now ranking Tripoli as being much more hostile a working environment than Baghdad. However, conditions are still fluid and unstable in Iraq, and levels of violence have crept up in the country for the third consecutive week. Dozens of people were killed and hundreds injured in […]
Tags: AKE, Anbar, Baghdad, Basrah, Diyala, energy, Iraq, K&R, Karbala, Kidnap, Kurdistan News, Kut, Libya, Maysan, Najaf, Ninawa, PKK, Qandil, Security, South, Southern, Ta'mim, terrorism, Wassit
German Consul Discusses Investment in Kurdistan
The President of Northern Iraq’s Kurdistan Region, Massoud Barzani, has encouraged leading German companies to invest in Kurdistan, according to Aswat al-Iraq. The President of Kurdistan Region, Massoud Barzani, met with the new German Consul-General in Iraq, Rolf Ulrich, on Tuesday to discuss strengthening relations between the two countries. The German Consul-General said that “he […]
Tags: germany, Kurdistan News
Iraqi Kurdistan Launches New Investment Guide
The Kurdistan Regional Government's representation in Washington has launched Invest in Democracy, the KRG's official 2011- 2012 investment guide which outlines the buisness opportunities and investment climate for international companies in the region. The investment guide includes forewords by President Masoud Barzani, Prime Minister Barham Salih, as well as British Foreign Secretary William Hague, US […]
Tags: Kurdistan News
DNO Shares Up on Strong Results
Shares in DNO International closed up more than 11% on Wednesday after the company announced strong performance in the second quarter of 2011 with a working interest production of 48,582 barrels of oil per day (bopd), doubling of the reserves at the Tawke field and good financial performance. Sales recognized in the second quarter this […]
Last Call for UK Exhibitors at Erbil Trade Fair
The UK's Middle East Association (MEA), in partnership with UK Trade & Investment, Invest Northern Ireland and the Kurdistan Regional Government, will be leading a Trade Delegation to Iraqi Kurdistan from 23rd to 28th October to coincide with the seventh Erbil International Trade Fair, Iraq’s largest general trade exhibition. Mission Participants will have the opportunity […]
Weekly Security Update for 17th August 2011
Up until Monday, the past week was turning into one of the quietest so far this year, but then a series of mass casualty attacks swept the country, leaving dozens of people dead and injured. Provincial government buildings and security force installations and patrols were the most common targets of the attacks, although civilians were […]
Tags: AKE, al-Qaeda, America, Anbar, Baghdad, Iran, Iraq, Karbala, Kirkuk, Kurdistan News, Kut, Najaf, Oil, Qandil Mountains, Ramadan, Security, terrorism, Turkey, US military, Wassit
Oil and Security
Iraq’s oil wealth is massive, with significant economic potential for years to come. Unfortunately, development is being hampered by endemic violence and ongoing instability. However, the main reserves are not evenly distributed around the country and neither is the violence. By avoiding the violent hotspots companies can still make significant profits with minimal exposure to […]
Tags: AKE, Anbar, Arbil, Baghdad, Basrah, energy, Erbil News, gas, Hydrocarbons, Iraq, Kirkuk, Kurdistan News, Maysan, Militancy, Mosul, Ninawa, Offshore Europe, Oil, Oil and Gas, Political Risk, Security, Statistics, Sulaymaniyah, Ta'mim, terrorism, Unrest, Upstream, Violence
Gulf Keystone Shares Up 12% On Huge Discovery
Gulf Keystone, the London Aim-listed, independent oil and gas exploration and production company with operations exclusively in the Kurdistan Region of Iraq, found its second massive oil discovery just days ago. The share price rose by more than a quarter on the news, and have now fallen back to +12%, putting them just over 120p. Gulf […]
7,000bpd From Swara Tika-1 Discovery Well
Hillwood International Energy, an independent oil and gas explorer from Dallas, Texas, and Marathon Oil Corporation, another independent, based in Houston, Texas, have gauged a large oil discovery on the Sarsang block north of Dohuk on the Zagros fold belt in Iraqi Kurdistan, according to the Oil & Gas Journal. The total flow rates in the […]
New German Consul General Begins Mission in Erbil
Mr Rolf Ulrich, the new Consul General of the Federal Republic of Germany to the Kurdistan Region, was received today by the Head of the Department of Foreign Relations, Minister Falah Mustafa Bakir. In welcoming Mr Ulrich to the Kurdistan Region, Minister Bakir assured him that the Kurdistan Regional Government (KRG) stands ready to extend […]