The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
In an official ceremony, the Head of the Kurdistan Regional Government (KRG) Department of Foreign Relations Falah Mustafa Bakir and the Chief of Staff to the President of the Kurdistan Region Fuad Hussein opened the new representative office of the KRG in France. During his speech, Mr Bakir noted the importance of this step in […]
Overview Levels of violence fell in Iraq over the past week. This is the first time this has occurred so far this year. Protests were less violent than the preceding week while there was a drop in the number of terrorist attacks in all parts of the country except the capital. The contested city of […]
Several major multinational companies last week came to see the business opportunities in the Kurdistan Region as part of a British trade delegation. The trade mission was led by the Middle East Association (MEA), which is the UK’s leading organisation for UK-Middle East trade and has brought eight delegations to Kurdistan. Mr David Lloyd OBE, […]
Bayan Sami Abdul Rahman, the representative of the Kurdistan Regional Government (KRG) in Britain, said on Friday that the unrest in Iraqi Kurdistan would not affect British companies intending to invest in Kurdistan. Ms Rahman was accompanying a delegation of British businesses to the region, the ninth such group to visit. They have met with […]
The last three years have been “exceptional” for the Kurdistan Region in terms of discoveries of both oil and gas, Dr Ashti Hawrami, the Minister of Natural Resources, told an audience of diplomats and international oil companies in Erbil today. Dr Hawrami said that as a result of drilling activities from 2008 to 2010, the […]
Japanese auto-maker Nissan has opened its main sales office in Iraq in the capital of the Kurdistan Region, Erbil. Nissan becomes the second major Japanese car manufacturer to have an office in the Kurdish capital, after Toyota. Sardar Cars Group will be the sole agent for Nissan in Iraq which has based its office in […]
Overview Conditions continue to worsen in Iraq, with civil unrest gripping cities from Arbil in the north to Basrah in the south over the past week. As well as demonstrations in Kurdistan there has also been a lesser reported rise in ethnic tensions around the city of Kirkuk. The past week has also seen a […]
The budget of Iraq's Kurdistan Region for the current year is 13.94 trillion Iraqi dinars ($11.9 billion), Kurdistan's Premier, Barham Saleh, told a news conference in Erbil. This includes 9.687 trillion dinars for 'expenditures and commissioning', 4.15 billion for investment projects, 54 billion dinars for the Kurdistan Parliament's expenditures, 48 billion dinars for the Region's […]
A delegation of 13 businessmen, traders and investors from the United Kingdom has reportedly arrived in Erbil today, on a trip to study economic conditions in the region. Bayan Sami Abdul Rahman (pictured) told AKnews that, "the British delegation aims to invest and participate in the reconstruction campaign in the region". (Source: AKnews)
A unique event is about to unfold in Iraq, where for the first time ever a cinema multiplex will open in the recently constructed Family Mall in Erbil, the region’s newest shopping and leisure destination. “This is a one of a kind project,” says Gino Haddad, CFO and Business Development Director for Empire Cinemas. The […]
Shares in WesternZagros Resources fell more than 7% in early trading on Tuesday, following the release of audit results for its Block K44 in Iraqi Kurdistan. Simon Hatfield, WesternZagros’ Chief Executive Officer, said, “we’re very encouraged by the rising resource estimates for our Block. As well as giving us a clearer picture of the opportunity […]
UAE-based Starlight Airlines, the largest cargo operator to and out of Iraq, has entered into an agreement with Emirates SkyCargo to launch cargo operations between its Sharjah hub and Erbil in the Kurdistan region of Iraq. Khaleej Times reports that under the agreement, the service commenced last week with a Boeing 777 freighter flight to […]
