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 […]
Tag Archives | Kurdistan News
The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Hackathon Weekend returns to Sulaymaniya
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 […]
Tags: Artificial Intelligence (AI), Bit Festival, Coding Community, Data Science, Entrepreneurship, featured, HackaSuly, hackathon, Internet of Things (IoT), Kurdistan News, Slemani, Software Engineering, start-ups, Sulaymaniyah, Technology Solutions
Erbil Start-Up Midient raises $125,000
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 […]
Tags: e-Commerce, Entrepreneurship, Erbil News, featured, Flat6Labs, fundraising, Iraqi Innovators, Kurdistan News, Kurdivia, Loyal VC, Midient, mn, start-ups
KRG opens second Border Crossing with Turkey
The Zet International Gate between the Kurdistan Region and Turkey, located in the Soran administration, officially opened on Wednesday. The crossing is open daily between 8am and 8pm. Construction of the new crossing started in 2021, and it is now welcoming tourist travellers. It will open for commercial transport in a second stage. The Supervisor […]
Iraq asks Turkey to Resume Oil Exports
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq asks Turkey to resume oil exports as firms in Kurdistan region scale back Turkey has still yet to restart oil flows from northern Iraq following a controversial court […]
Tags: Botas, featured, Iraq Crude Oil Export, Iraq Oil Exports News, Kirkuk, Kurdistan News, oil contracts, State Oil Marketing Organization (SOMO), Turkey, Turkiye
KRG Minister discusses Financial Threats in Iraq and Kurdistan
On Tuesday, Rebar Ahmad, the Kurdistan Regional Government's Minister of Interior, welcomed the KRG's Financial Action Taskforce for money laundering and terrorist financing. The taskforce includes representatives from 15 other organisations in the region and operates in accordance with international standards. Minister Ahmad praised the taskforce's efforts and emphasised the government's transparent policies for combating […]
Tags: anti money laundering (AML), featured, Financial Action Task Force (FATF), KRG, Kurdistan News, mn, money laundering, terror financing
Iraq orders Turkey to Resume Oil Exports, but ...
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, confirmed on Thursday night that the State Oil Marketing Organization (SOMO) told the Turkish company BOTAS to resume export and loading operations at the Turkish port of Ceyhan (pictured), starting on Saturday, 13th May. He added that contracts have been finalized with international companies for the […]
Tags: Botas, featured, Iraq Crude Oil Export, Iraq Oil Exports News, Kirkuk, Kurdistan News, mn, oil contracts, State Oil Marketing Organization (SOMO), Turkey, Turkiye
KRG reaches Agreement with Baghdad on Oil Exports
The Kurdistan Regional Government (KRG) has reached an agreement with the Iraqi federal government on measures to allow the resumption of oil exports through Turkey. The Kurdistan Region's Ministry of Natural Resources announced in a statement that on 10 May Iraq's State Oil Marketing Organization (SOMO) officially requested Turkish authorities to allow the Kurdistan Region's […]
Tags: featured, Iraq Crude Oil Export, Iraq Oil Exports News, Kirkuk, Kurdistan News, mn, oil contracts, Turkey, Turkiye
DNO Scales Back Kurdistan Spend
By John Lee. DNO, which operates the Tawke licence in Iraqi Kurdistan, has said on Thursday that, given the uncertain timing of oil export resumption from Iraqi Kurdistan and, importantly, of payments by the Kurdistan Regional Government (KRG) for previous oil sales, it has scaled back spend in Kurdistan, including drilling. In its statement of […]
Dana Gas Results for Q1
Dana Gas has announced its financial results for the first quarter ended 31 March 2023. For the first quarter of 2023, the Company generated a net profit of AED 183 million ($50 million) as compared to AED 198 million ($54 million) in Q1 2022. Profitability for the quarter dropped just 7% compared to a 22% […]
KRG PM receives Delegation from US-Kurdistan Business Council
KRG Prime Minister receives a delegation from the US-Kurdistan Business Council Masrour Barzani, Prime Minister of the Kurdistan Regional Government (KRG), met with a delegation from the US-Kurdistan Business Council (USKBC) to discuss various topics of mutual interest. Led by David Tafuri, President of the US-Kurdistan Business Council, the delegation expressed their desire to expand […]
KRG to open New Int'l Crossing with Turkey
By John Lee. The Zet International Gate between the Kurdistan Region and Turkey will officially open later this week, following a year of collaboration between the two sides. The Supervisor of the Soran Independent Administration Halgurd Sheikh Najib told the Official website of Kurdistan Regional Government: "The Zet International Gate will be open for tourists […]