The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
A delegation of companies from Northern Ireland has just completed its first trade mission to Kurdistan and deemed it an excellent introduction to the region that may lead to business in the future. Seventeen companies from Northern Ireland, which is one of the autonomous regions of the UK, spent five days in Erbil and met […]
On Thursday, two Kurdish higher education officials laid the foundation stone of the College of Education in Chamchamal [Chemchemal], 45 km east of the oil rich Kirkuk, 255 km north of Baghdad. The Kurdistan Region’s minister of higher education and scientific research and the president of Sulaimaniya University jointly laid the stone for the $3.4m […]
A delegation representing 15 companies from the Kurdistan Region went to Poland on Thursday to visit an annual business expo in the country. Salah Khidir, the head of the Polish-Iraqi Commerce and Industry Chamber told AKnews that the three-day expo will start on Jan.14. The Kurdish team seeks to boost ties with the host country’s […]
Overview Levels of violence fell in Iraq last week. Militant activity was concentrated in the central region, although there were also several bombings in Mosul. The majority of explosive devices detonated over the week were small, usually inflicting injuries rather than fatalities. Shootings are currently more of a concern, with the authorities put on high […]
Hotel management company Rotana has announced the opening of its first property in Erbil, Kurdistan, Iraq -- the landmark 5-star Erbil Rotana. Erbil Rotana's strategic location in close proximity to the Ministries district and the Erbil International Exhibition Fair Ground, along with its luxurious accommodation, wide variety of restaurants and meeting facilities makes the hotel […]
Kurdistan Region’s minister of transportation and communication has said Thursday a number of businessmen are in serious talks to build an automobile manufacturing plant in the Region, according to a report from AKnews. Anwar Jabali [Anwar Jabali Sabo] (pictured) did not disclose the names of the people involved, however he stressed the Region has “promising” […]
Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company, fell 10% on Thursday morning following an update on operations at its Sangaw North block (53.33% working interest) in Kurdistan. Since the last update on 23 November 2010, operations have been conducted to remove the hydrocarbon gas, containing approximately 0.5% […]
Shares in Gulf Keystone (LSE: GKP)jumped 5.5% in London on Wednesday after the company announced the completion of drilling and testing operations on its Shaikan-3 shallow appraisal well. This well was designed to drill and test the Cretaceous intervals in the immediate vicinity of the Shaikan-1 discovery well. The Company has a 75 percent working […]
The Kurdistan Region’s director for electric power generation said a new 125MW electricity power plant will get underway in Dohuk province in the next few days. Diyar Baban told AKnews that he expects it to “considerably” reduce the Region’s power deficiency. Kurdistan demands 2,200 MW whereas currently all its plants can output nearly half of […]
Officials of the Kurdistan Regional Government pressed the central government today to recognise oil contracts that they have inked with transnational corporations, warning that they will not resume exports until it does, according to Morning Star. The Kurdistan Regional Government (KRG), which can reportedly export 150,000 barrels a day, has signed 37 contracts for oil […]
Overview Recent days have seen deadly suicide attacks in Mosul and Ramadi. There has also been a worrying increase in the number of shooting attacks in Baghdad. However, last week otherwise saw a slight reduction in the total number of attacks taking place in Iraq. Incidents were concentrated in the capital, with no incidents recorded […]
It is one of the better problems a rebuilding country can have: Iraq is attracting too much oil investment. The problem is that the infrastructure does not exist to export most of the extra oil produced. However, this is going to change as early as next year, perhaps increasing exports by one million barrels of oil per day, an increase […]
