The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
The dispute between Baghdad and the Kurdistan Regional Government (KRG) over the legitimacy of international oil contracts signed by the Kurds appears to be over. Baghdad’s dispute with Kurdistan froze oil exports from the region last year. Asked if the dispute between the two Iraqi powers had been resolved, Iraqi Oil Minister, Hussain al-Shahristani, told […]
The Kurdistan Region Government (KRG) has announced that it is to open a representative office in Austria. A KRG official said that the Prime Minister, Dr. Barham Saleh, signed an official document to assign Mustafa R. Koran as the representative in the office. He added that steps will continue to open more offices in other […]
According to a report from Reuters, Spain's Repsol is the latest large international oil company (IOC) to consider potential investments in the semi-autonomous Kurdish region of Iraq. Repsol's move, which risks it being blacklisted from investment in the rest of Iraq, follows recent investments in Kurdistan by U.S.-based Marathon Oil and Murphy Oil. Repsol has […]
The Minister for Natural Resources in the Kurdistan Regional Government, Ashti Hawrami, told Reuters that he expected talks in Baghdad on the formation of a new government to lead to an imminent breakthrough on the issue of oil exports from Kurdistan. “I am confident that the leadership between Kurdistan and Baghdad will address these issues […]
President Masoud Barzani met Britain’s Foreign Office Minister for the Middle East Alistair Burt and his delegation, which included British Ambassador to Iraq John Jenkins and British Consul General to Erbil Chris Bowers. Mr Burt informed the President that his government will upgrade the current UK Embassy Office in Erbil to a full consulate general, […]
A trade delegation from Iceland has arrived in the Kurdistan Region to hold talks with regional officials, seeking business opportunities and to strengthen bilateral relations, according to a report from AKnews. The delegation includes some Icelandic companies invited by a delegation of the region’s Kurdistan Exports and Imports Union (KEIU) in September, when they visited Iceland […]
Rashid Mohamed Rashid, Egypt's Trade and Industry Minister, is to head a delegation of investors on a visit to Iraqi Kurdistan, to consider the possibility of establishing projects in industry, tourism, energy, housing and infrastructure in the Kurdistan provinces. Egypt is encouraging the private sector to go to Iraqi Kurdistan as part of the support […]
An official from the Kurdistan Exporters and Importers Union said on Tuesday that three Romanian companies will open offices in the Kurdistan Region next week. The offices will be their only representation across Iraq and the Middle East. Bakhtyar Ahmed, the media secretary for the union, told AKnews the offices will be opened in Sulaimaniya […]
Representatives of 20 Swedish companies met a group of businessmen from the Kurdistan region on Monday to discuss investment opportunities in the region. The meeting was organized by the Iraqi businessmen association in Kurdistan. “The meeting is a first step in learning about the Swedish companies and their experience,” Sardar Hassan, the association’s secretary general, […]
Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company operating in Iraqi Kurdistan, fell by 20% in early trading on Tuesday, following an update on the company's operations at the Sangaw North block, in which it has a 53.33% working interest. The Sangaw North-1 exploration well has been drilled […]
The media secretary at the Kurdistan Regional Government's Ministry for Tourism said on Saturday that nearly 37,000 tourists visited Kurdistan during Eid al-Adha. Kan'an Baha'addin told AKnews during the four days of the Eid 15,000 tourists visited Erbil province, 13,000 Dohuk, and 8,500 Sulaimaniya. Eid al-Adha is an Islamic celebration that takes place at the […]
Aiming at helping the regional government of Kurdistan to develop its technological sector, a leading delegation from the Microsoft Corporation made its first visit to the capital Erbil on Sunday. The visit was made possible by an invitation by the two-year old Department of Technology of the Kurdistan Regional Government (KRG) that has set a […]
