The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
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 […]
By John Lee. The Kurdistan Regional Government (KRG) has said that customs duties and taxes at border crossings will now be levied exclusively in Iraqi dinars instead of US dollars. Full statement from the KRG: According to Decree No. 227 of the Council of Ministers, dated September 20, 2023, customs duties and taxes at border […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, will publish its Q3 2023 operating and interim financial results on 9 November at 07:00 (CET). A videoconference call with executive management will follow at 10:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as […]
Kurdistan Region Boosts Water Resources with 13 New Dams The ninth cabinet of the Kurdistan Regional Government (KRG) has made significant strides in enhancing water availability across the region. Their primary focus has been the construction of dams and reservoirs, with the completion of four dams and ongoing work on 13 additional ones. The combined […]
Kurdistan Region Strengthens Commercial Ties with Pakistan On Wednesday, October 11, 2023, Kamal Muslim, the Minister of Trade and Industry for the Kurdistan Regional Government (KRG), held a meeting with Ahmed Amjad Ali, the Ambassador of Pakistan to Iraq. During the meeting, both parties discussed strategies to enhance bilateral trade relations, with a special emphasis […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraqi Kurdistan's rail ambitions lead anywhere? The Kurdistan Regional Government (KRG) is reviving longstanding efforts to build a railway that would connect neighboring Iran and Turkey through territory it controls. The development follows […]
By John Lee. A factory in Erbil is recycling road materials, specifically asphalt, to reuse them for road maintenance and construction, according to a statement from the Kurdistan Regional Government (KRG). It says this project, run by public sector employees, is one of the most modern asphalt recycling facilities, with a daily production capacity of […]
