The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Gulf Keystone Petroleum (GKP) provided an update on operational and corporate activity and the Company's upcoming 2023 Annual General Meeting ("AGM") on Monaday: Operational & Corporate Update Following the shut-in of the Iraq-Turkey pipeline on 25 March 2023, production from the Shaikan Field remains shut-in. The suspension of exports has resulted in a gross production […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Parliament brawl in Iraqi Kurdistan raises questions about détente Ministers belonging to the Patriotic Union of Kurdistan (PUK) are again participating in Kurdistan Regional Government (KRG) cabinet meetings, having ended a six-month boycott. […]
By John Lee. A source, citing unofficial contact with Turkish energy officials, has told Reuters that that a resumption of crude oil exports from Northern Iraq via the Turkish port of Ceyhan (pictured) is expected to take weeks rather than days. Turkish pipeline operator BOTAS has reportedly said that it needs more time to check […]
By John Lee. KRG Prime Minister Masrour Barzani has laid the foundation stone at the first solar power plant in Erbil province. The 25-MW plant is being developed by a consortium consisting of Pluto Otto Cycle and Chinese companies Getting International Energy (which also has interests in neighbouring Jordan) and Shenglong Electric. The deal to […]
By John Lee. Fitch Ratings has assigned Erbil's Region Trade Bank for Investment and Finance Private Shareholding (RTB) a Long-Term Issuer Default Rating (IDR) of 'CCC+', and Viability Rating (VR) at 'ccc+'. It says the rating reflects the bank's, "limited franchise, unstable business model, volatile and concentrated customer deposit base and weak albeit improving profitability." […]
Man Convicted Of Torture And Exporting Weapons Parts And Related Services To Iraq A federal jury convicted a Pennsylvania man on May 19 for numerous crimes, including the torture of an Estonian citizen in 2015 in the Kurdistan region of Iraq, in connection with the operation of an illegal weapons manufacturing plant in Kurdistan. According […]
By John Lee. Shafaq News Agency has publised a video clip of a brawl in the Kurdistan Parliament on Monday (22nd May). Click here to view. (Source: Shafaq News Agency)
By John Lee. The Agricultural College of the University of Salahaddin has planted 5,000 trees using Groasis Waterboxx technology, as part of the 'Resilience Building Interventions to Promote Food Security in Iraq' program. The innovative Waterboxx technology acts as a protective container, ensuring seed moisture and shielding from harsh conditions. Types of trees planted include […]
Kurdistan to increase agricultural exports to Europe The Kurdistan Regional Government has set a goal to find new markets for local farmers' produce, including increased exports to Europe. A local factory in the Akre district, with support from the KRG, is involved in the packaging and transportation of domestic goods, which will bear the label […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced the appointment of Garrett Soden as President and Chief Executive Officer (CEO), to replace Dr. Adel Chaouch effective immediately. Mr. Soden will also join ShaMaran's board of directors. According to a statement from the company, Mr Soden has extensive experience as a […]
Hackasuly, the Sulaymaniya-based hackathon, is returning. From 22nd to 24th June, the event will be part of the city's Bit Festival. It aims to bring the coding community together over a weekend to work in teams and turn their ideas into technological solutions. Prizes will be awarded in three categories: Software Engineering AI and Data […]
By John Lee. Erbil-based start-up Midient has reportedly received a "pre-seed round" investment of $115,000 from regional accelerator Flat6Labs for its loyalty program product Kurdivia. According to Iraqi Innovators, the company was co-founded by Ahmed Jamal, Mohammed Shahoyi, and Omer Sabah. It was also picked for a $10,000 pilot investment by Canadian venture fund Loyal […]
