The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Dana Gas has reported a net profit of AED 393 million ($107 million) for H1 2026, a 47% year-on-year increase. Regarding operation in the Kurdistan Region of Iraq (KRI), the company said: "Khor Mor began the year at record production levels, with output exceeding 700 MMscf/d and Group production reaching 70 kboepd. […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. US Packs up Last Iraqi Air Defenses as Withdrawal Deadline Looms Nearly two months ahead of its anticipated Sept. 30 withdrawal deadline, the United States has begun packing up its air defenses in […]
By John Lee. A possible cash offer for Genel Energy plc has been put forward by Norwegian oil and gas operator DNO ASA, valuing the company at approximately £202 million [approx $271 million]. The approach was rejected by the Genel Board on 4 August 2026, but DNO says it remains willing to engage. Under the […]
By John Lee. The Kurdistan Regional Government (KRG) has said that Crescent Petroleum and Dana Gas, the joint operators of the Khor Mor field, commenced gas supplies from the Kurdistan Region to Iraq's Ministry of Electricity without its approval or authorisation, in breach of their contractual obligations. According to the KRG, it was notified on […]
By Hawre Tofiq, for Draw Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Federal Government Considers Removing Three Zeros from Dinar With the closure of the Strait of Hormuz due to conflict, Iraq's oil export routes have been severely restricted and overall […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What Iraq could Learn from China's Rural Revival For decades, the prevailing wisdom across Iraq and much of the region has been that opportunity lies in the city. Villages steadily emptied as successive […]
By John Lee. Genel Energy has confirmed that there will be no further legal challenge in its dispute with the Kurdistan Regional Government (KRG) regarding the Bina Bawi field. In April, the company announced that its subsidiary, Genel Energy Miran Bina Bawi Limited (GEMBBL), has been ordered by the London Court of International Arbitration (LCIA) […]
By John Lee. Genel Energy today reported unaudited results for the period ended 30 June 2026: Full statement from Genel Energy: Unaudited results for the period ended 30 June 2026 Paul Weir, Chief Executive of Genel, said: "We remain firmly focused on delivering our clearly stated strategic objectives and in this period, we have demonstrated […]
By John Lee. The Kurdistan Regional Government (KRG) has launched the second phase of the Gashanawa [Shine] Project, which will provide financial support of between IQD 1 million ($763) and IQD 150 million ($114,500) to 100 small and medium-sized enterprises in the agricultural and industrial sectors. According to the KRG's Department of Media and Information, […]
By John Lee. The Kurdistan Regional Government (KRG) has issued its official data report for projects undertaken by its Ninth Cabinet (2019-2026), including official data for the following sectors: Banking System Electricity Infrastructure Employment Opportunities Environment Electricity Infrastructure Food Security Investment Public Services Reform Road Infrastructure Society and Government The Kurdistan Region's Global Standing Water Security […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Water Flow Doubles after Agreement with Turkey: Iraqi PM Advisor Upstream water flows to Iraq have increased significantly as a nearly two-year water agreement between Baghdad and Ankara entered the implementation phase, an advisor […]
From the Kurdistan Regional Government (KRG). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Investment in the Kurdistan Region Exceeds USD 25 Billion The Kurdistan Regional Government (KRG) has, as part of broader ongoing efforts to diversify revenue sources and lay the foundation of […]
