The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
According to a report from AKNews, 1,602 foreign companies have branches in Iraqi Kurdistan. The latest figures from the Kurdistan Company Registration Directorate show that 18 months ago there were 1027 foreign companies operating in the region, meaning there has been an increase of 55 per cent. There are also 10,100 local companies working side […]
A ministerial-led delegation of business leaders from the Kurdistan Region in Iraq this week visited Edinburgh, where they met Scottish ministers, members of parliament and business organisations who all agreed the two nations should strengthen their ties. Trade and Industry Minister Sinan Çelebi and Municipalities and Tourism Minister Samir Abdullah Mustafa discussed tourism, the trading […]
Many UK companies such as BTWShiells, HSBC, Land Rover and Mothercare have already joined international brands such as Carrefour, Coca-Cola, Diesel, Ecco, Lafarge, Pepsi, Levi’s and Mango in Kurdistan but there are many more opportunities for UK companies, in a surprisingly wide range of sectors in the Region. With 71 companies now operating in the […]
The president of north Iraq’s Kurdistan Region, Massoud Barzani (pictured), has approved the Region’s 2011 Budget, estimated at 13.9 trillion Iraqi dinars ($11.6 billion), the Region’s media director,Simko Anwar, told Aswat al-Iraq news agency. “The President of Kurdistan Region, Massoud Barzani, has approved the Region’s budget for the year 2011, last Thursday, after long discussions […]
Kurdistan Region Tourism Minister, Samir Abdullah Mustafa, yesterday called on British investors to make the most of the opportunity to invest in Kurdistan’s tourist sector at a conference in London. Setting out plans to build 2,500 new hotels to accommodate another 1.35 million visitors annually by 2015, the Minister also highlighted existing success stories within […]
After re-evaluating all investment ventures in the region the Kurdistan Regional Government has revoked the licences for 238 of them, the minister for municipalities and tourism said on Sunday, according to AKnews. Samir Abdullah told the agency that a number of other projects are being considered for scrapping. The moves are seen as an effort […]
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 […]
