The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Levels of violence rose slightly in Iraq last week. Incidents were concentrated along a belt stetching from Ramadi in Anbar province to Ba'qubah in Diyala province, with the majority concentrated in Baghdad. Mosul and Kirkuk in the north also saw a spate of attacks (as per usual). At the time of writing many pilgrims are […]
Erbil property has been one of the best investments in Iraq over the past year. While the ISX is up about 50% over the last twelve months, prices for residential and office space in the Kurdish capital have more than doubled. 600 sq m single detached houses in the city’s Italian Village development, for example, […]
US Deputy Secretary of State Thomas Nides yesterday opened the United States Consulate General in Erbil. He was joined at the ceremony by Kurdistan Region President Masoud Barzani, Prime Minister Barham Salih, Speaker of Parliament Dr Kamal Kirkuki and other KRG and American senior officials. The solid relationship that the Kurdistan Region has maintained with […]
Shares in DNO International jumped 8% on Tuesday following its report of a more than doubling of reserves for the Tawke oil field in the Kurdistan region of Iraq, as a result of a review and assessment by a firm of independent reservoir engineers. The just completed audit of reserves by France’s Beicip Franlab places […]
Shares in Groundstar Resources closed down 29% on Monday, with Vast Exploration down 54%, following their report of unsteady output at the Qara Dagh - 1 exploration well in Kurdistan, Iraq. Drilling of the Qara Dagh - 1 well has reached a total depth of 3,908 meters, has been log evaluated and, as previously reported, […]
Major U.S. hotel brands are moving into the north of Iraq, a reflection of growing economic development in the Kurdistan region of a country that most U.S. consumer brands have long avoided. Marriott International signed agreements on Sunday with Empire Iraq to manage two new properties in Iraq’s Erbil. The agreements, signed at the newly […]
As an Iraq security analyst I often find that I am writing at length about violence, pain and causes for concern. However, for this blog entry I would like to make what I hope is a welcome exception. I regularly write about how violence has escalated in the north of Iraq, usually in relation to […]
The Kurdistan Regional Government (KRG) Department of Information Technology, in cooperation with the US Army’s J6 Directorate based in Iraq, launched an extensive 12 week training programme in Erbil this week. The goal of the IT Professional Development Programme is to develop local capacity and create a professional foundation for IT managers and staff within […]
Request for expressions of interest for power projects - Kurdistan Regional Government of Iraq Ministry of Electricity (“KRG -MOE”) Background and scope The Kurdistan Regional Government’s Ministry of Electricity (KRG-MOE) is seeking to increase the power generation capacity and associated network capabilities in the Kurdistan Region by 6000MW, operating on natural gas, heavy fuel oil […]
The Middle East Association will be holding a market clinic on Thursday 21st July, ‘Introducing the Kurdistan Market’, ahead of the British Trade Mission to the Kurdistan region this autumn. This event is free, although priority will be given to MEA Members. Our panel will include senior representation from the Kurdistan Region Government, UK Trade […]
Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company with interests in Iraqi Kurdistan, closed the day down just 4% following a disappointing update on its operations at Sangaw North, in which it has a 53.33% working interest. The shares had opened the day down 33%. Flow testing operations […]
Closer trade and political ties were forged this week between Kurdistan and Northern Ireland during a visit to Belfast by a Kurdish business delegation led by two ministers. Kurdistan Regional Government (KRG) Trade and Industry Minister Sinan Celebi, Municipalities and Tourism Minister Samir Abdullah and several KRG officials met with Northern Ireland's Enterprise, Trade and […]
