The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
The Kurdistan Region in Iraq continues to grow and strengthen economically and remains a prime opportunity for investors to find a profitable home in the Middle East, Qubad Talabani (pictured), the KRG’s Representative to the United States, told investors in Manhattan yesterday. Addressing an audience at the 10th annual hedge fund symposium sponsored by Institutional […]
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. Let me start by asking a question: why is gas less talked about than oil in Iraq? I am not sure why this is the case but it does seem to […]
Overall, levels of violence fell in Iraq over the past week, but the rate of weekly incidents has continued to fluctuate in recent months and the improvement is likely to be temporary. There have been three recent suicide attacks, targeting provincial government buildings and the police. Two of these attacks have taken place in the […]
Kurdish and Greek businessmen agreed on Sunday to establish a new Kurdish-Greek Center for Reconstruction and Investment. Aswat al-iraq reports that the organisation will have its headquarters in Erbil, while AKnews says it will be based in Greece. Organizer Sarbast Zakhobi informed Aswat al-Iraq that "it was important to establish such center, which aims at […]
A trade delegation from the Kurdistan Region is expected to visit Britain and Ireland next week, seeking to form and consolidate trade relations, a regional government official said on Monday. The delegation will be made up of government officials, businessmen and Investment Board members. Dara Jalail Khayat, head of the Kurdistan Regional Government (KRG)'s Chamber […]
Shares in DNO were up as much as 7% during the day on Tuesday, before closing the day up 4.25% up on Monday's close, following the announcement of increased reserves at its Tawke oilfield: The Ministry of Natural Resources of the Kurdistan Regional Government (KRG) is conducting its first ever survey of regional oil and […]
Shares in Sterling Energy (AIM: SEY) lost nearly a third of their value on Monday morning following an update on the company's operations in Iraqi Kurdistan. The British company has a 53.33% working interest in the Sangaw North block. A flow test has been completed across the open hole section of the Sangaw North-1 well […]
Foreign companies and governments account for about 23 percent of the investment in the Kurdish Region, according to a report from AKnews. The Kurdistan Investment Board said that $3.9 billion [4.6 trillion Iraqi dinars] of investments came from up to 20 countries in the past 5 years. With $17.4 billion [20.3 trillion Iraqi dinars] was […]
On May 30 Rabee Securities’ new office in Erbil successfully connected to the ISX network and began trading. This was an important step forward for the stock exchange. For the first time, a brokerage branch outside Baghdad is now online. In a country like Iraq, the expansion of brokers’ branch networks to other cities is […]
By Thomas W. Donovan, Managing Partner at Iraq Law Alliance, PLLC. Introduction Several recent events have prompted a return to the lingering debate over the legality of the production sharing contracts entered into by and between the semi-autonomous Kurdistan Regional Government (KRG) and around 35 private international companies over the past few years. The KRG, […]
Norwegian oil producer DNO issued a report today (Monday) on the status on its activities in Kurdistan Region of Iraq. Summail-1 exploration well update The Summail-1 exploration well was spudded on 19 April 2011. The well has now been drilled ca. 25 meters into the Cretaceous interval and hydrocarbon shows were detected while drilling. An […]
The Kurdistan Regional Government (KRG) Head of the Department of Foreign Relations, Falah Mustafa Bakir, welcomed members from the British All-Party Parliamentary Group (APPG) on the Kurdistan Region. The visit to the Department of Foreign Relations was part of a larger trip to the Kurdistan Region by the Parliamentary Group to meet political leaders and […]
