The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced that it restarted operations at its Atrush field in Iraqi Kurdistan this week, selling oil to a local refinery via pipeline. In its statement for the nine months nine months ended 30th September, the company said it remains focused on cost control […]
By John Lee. The Kurdistan Regional Government (KRG) has said it is rolling out its "One Window" e-government system across all government institutions in the near future. Statement from KRG: The "One-Window" system revolutionises administrative processes for citizens in the Kurdistan Region, making it easier to handle official documents at government offices. This system, currently […]
By Mohammed A. Salih, for the Foreign Policy Research Institute (FPRI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Recentralization Imperils Iraq's Stability and Fuels Regional Tensions Iraq is at a pivotal juncture, diverging from its post-2003 vision of a federated state as […]
By John Lee. The Kurdistan Regional Government (KRG) has allocated more than 70 billion Iraqi Dinars [$53 million] annually for the procurement of cancer medications, equipment, and medical supplies. Speaking at the laying of the foundation stone for the LINAC Radiotherapy Radiation Cancer Treatment Centre in Duhok, KRG Prime Minister Masrour Barzani also appealed to […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has Barzani has opened what is described as the largest cardboard and packaging factory in Iraq. Masrour Barzani opened the Fabyab facility in Erbil on Tuesday, saying: "This factory plays a crucial role in bolstering our agricultural sector by providing essential packaging and […]
By John Lee. Erbil-based telecommunications company Korek Telecom has reportedly been blocked from communicating with other domestic and international carriers, according to Rudaw. This follows a public announcement last week from Iraq's Communications and Media Commission (CMC), which threatened to disconnect the company if it did not pay its financial obligations: "Based on the expiration […]
The KRG announced that the National Bank of Iraq (NBI) has formally joined the 'My Account' financial inclusion initiative, bringing the number of participating banks to five: Ashur, BBAC, Cihan, NBI, and RT. This is part of efforts to provide beneficiaries with more banking choices, products, and services and foster healthy competition in the financial […]
By Ezgi Akin for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey extends mandate for military operations in Syria, Iraq The Turkish parliament's extension of the mandate for another two years comes amid rising tensions between Turkey and the United […]
On the 17th of October 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) convened a meeting with a group of investors from the Kurdistan Region. Prime Minister Barzani underscored the KRG's steadfast commitment to advancing the investment sector. He highlighted the cabinet's ongoing efforts to facilitate projects for both local and foreign […]
By John Lee. From September 17 to 21, 2023, Veteffect, RVO and the Dutch Consulate General-agricultural team organized a Horticultural Orientation Mission to the Kurdistan region of Iraq (KRI). Because of urbanization and climate change, protected horticulture offers attractive opportunities for business, food security and jobs in KRI. According to a statement just issued from […]
The Iraqi Riyada Network for Access, Development, and Advancement (IRADA Network) was launched recently in Baghdad. It is the creation of a consortium of prominent institutions specializing in business development and entrepreneurship, including the RWANGA Foundation in Iraqi Kurdistan, Qaf Lab in Mosul, and Tafa3ul Hub from Basra. Institutions From Baghdad include Computiq, The Station, […]
By John Lee. The Kurdistan Regional Government (KRG) has announced that BBAC Bank has joined the 'My Account' financial inclusion initiative, increasing the total number of participating banks to four: Ashur, BBAC, Cihan, and Region Trade Bank (RTB). It said this is part of ongoing efforts to expand the initiative and provide citizens with more […]
