The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How to Stop Iraqi Kurdistan's "Bleeding" Federal pressure and disastrous internal missteps have brought the KRG to the brink, raising the need for more active […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up ten percent on Monday, after the company announced an increase in local sales of oil from its Shaikan field. The shares fell back five percent in trading on Tuesday morning. Statement from GKP: Update on Shaikan Field local sales Gross average sales in September […]
By Fehim Tastekin for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Explainer: Why Iraq's Kirkuk has reached brink of conflict Tensions flare up in Kirkuk ahead of provincial elections in December amid Arab and Turkmen fears of renewed Kurdish control […]
By John Lee. KRG Prime Minister Masrour Barzani welcomed a delegation from the International Finance Corporation (IFC) headed by Mr. Khawaja Aftab Ahmed, IFC's Regional Director for the Middle East, on Wednesday. During the meeting, the two parties discussed ways to enhance cooperation and expand joint projects between the KRG and the IFC, a member […]
KRG Prime Minister Masrour Barzani received a delegation from Saudi Arabia on Monday, headed by Dr. Saad Al-Shahrani, Deputy Minister of Investment. The meeting revolved around enhancing mutual ties, with a particular focus on Saudi Arabia's investments in the Kurdistan Region. Prime Minister Barzani highlighted the enduring friendship between the Kurdistan Region and Saudi Arabia, […]
By Ragip Soylu for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey seeks $950m damages against Iraq over KRG oil dispute Turkish interest calculations suggest Baghdad has to pay $950m to Ankara in ICC award that initially ruled $1.4bn […]
DNO ASA, the Norwegian oil and gas operator, has announced that Christopher Spencer has been appointed Managing Director of the Company as Bjørn Dale steps down as part of a planned management transition initiated last year. Mr. Spencer has been DNO's Chief Operating Officer since 2021. Before joining DNO six years ago, he served as […]
From the United Nations Development Programme (UNDP): UNDP Iraq and USAID Seek to Revitalize Tourism in the Kurdistan Region In a milestone event aimed at reviving tourism in the Kurdistan Region of Iraq (KRI), the United Nations Development Programme (UNDP) in Iraq and the United States Agency for International Development (USAID) partnered with the Kurdistan […]
By Winthrop Rodgers for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdish farmers expect weak tobacco harvest Aftereffects of genocide, competition from cheap imports and lack of government support combine to limit the market for local agricultural products. Click […]
By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has said that, even if the Iraq-Turkey Pipeline (ITP) is reopened, its members will not produce oil until it is clear how they will be paid. While welcoming recent discussions between Iraq and Turkey on the possible reopening of the line, […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP), which operates oilfields in Iraqi Kurdistan, were trading down 7 percent at lunchtime on Thursday, after the company announced a "material uncertainty" regarding its continuation as a going concern. In its results for the half year ended 30 June 2023, the company said: "Nonetheless, given the […]
By John Lee. Prime Policy Group, which describes itself as "one of the first bipartisan government relations firms in Washington", has entered an agreement to provide professional services to the Erbil-based Arab Project Party. The firm, which is wholly owned by the UK-based multinational communications company WPP plc, will provide "election program support", with the […]
