The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Shares in Genel Energy rose nearly five percent on Wednesday as it announced its audited results for the year ended 31 December 2022. Paul Weir, Chief Executive of Genel, said: "Our production business generated record cash flow in 2022, building our significant financial resources and resulting in a net cash balance at the end of […]
By John Lee. The International Court of Arbitration of the International Chamber of Commerce (ICC) has released its findings in the arbitration case between Iraq Telecom Limited, a subsidiary of Kuwait's Agility Public Warehousing Company KSCP, and International Holdings Limited, an affiliate of Agility, as claimants; and Korek Telecom Limited and Sirwan Saber Mustafa Barzani, […]
By John Lee. The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, has officially opened the new Hyatt Regency Hotel, and the Gulan Mall, in Erbil. He thanked both Sirwan Barzani and Sabri Ozel for implementing these projects, which he said will pave the way for attracting tourists from the rest of Iraq and […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iran inks security accord with Iraq as regional diplomacy revved up The secretary of Iran's Supreme National Security Council (SNSC) has capped off a busy month of dialogue with Arab states […]
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. Iran, Iraq sign security deal boosting border cooperation The deal follows the Islamic Republic escalating its attacks on Kurdish groups in Iraq amid the ongoing protests in Iran. Click […]
By John Lee. An advisor to the Iraqi Prime Minister has said that the Kurdistan Regional Government's oil revenues will now be placed in an account controlled by the federal government in Baghdad. Husham Hamad added that the agreement was reached through what he called the "high understanding and keenness of the federal government and […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Ban On IOCs In Iraqi Kurdistan May Be Lifted The recent signing by Iraq's federal government in Baghdad of three long-term oil and gas sector contracts with the UAE's Crescent […]
By John Lee. A meeting was held this week under the supervision of the Governor of Erbil, Omid Khoshnaw, for the Development and Support of Industrial Projects Committee in Erbil Governorate. At the meeting, it was decided to allocate land for the implementation of 15 heavy and medium industrial projects, whose owners applied for land. […]
By John Lee. KRG President Nechirvan Barzani met with the Russian Ambassador to Iraq, Mr. Elbrus Kutrashev and his accompanying delegation in Erbil this week. The meeting discussed the political and economic developments in Iraq, Erbil-Baghdad relations and the ongoing negotiations to resolve their differences. The two sides also exchanged views on Russia's bilateral relations […]
By John Lee. KRG President, Masrour Barzani, has agreed to allocate 2.878 billion Iraqi dinars [$2 million] to help relieve the effects of drought in Erbil governorate. The funds will be used to dig 40 wells to provide drinking water in the province. (Source: KRG)
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Article 140 and the future of Iraq's Turkmens The long-running leadership struggle within one of Iraqi Kurdistan's two main parties has reignited. Contradictory court rulings have been issued on whether Patriotic […]
By Jonathan Fenton-Harvey for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, Macron seeks bigger sphere of influence for France In less than a month, French President Emmanuel Macron hosted both Iraqi Prime Minister Mohammed al-Sudani and Kurdistan Region […]
