The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Waste management in Kurdistan is part of the government's duties and a special budget has been devoted to this issue. The Kurdistan Region generates 6900 tons of garbage every day. The cost of collecting and reducing each ton is 50,000 Iraqi dinars (33.82 USD). Mr. Aras Foad director of environmental services at the Ministry of […]
By John Lee. Iraqi Kurdistan's largest fish production project has started in Dohuk, and is reported to be 65-percent complete. According to a statement from the Kurdistan Region Government (KRG), the project's goal is to support domestic needs as well as sending fish products to the rest of Iraq and to Gulf countries. In the […]
Prime Minister of Kurdistan Region Masrour Barzani on Thursday received UK Ambassador to Iraq Mark Bryson Richardson. Latest developments in the Kurdistan Region and the importance of the election's preparation process were among main topics of the discussions. Prime Minister Barzani highlighted the significance of the Kurdish parties' common stand to achieve Kurdistan's constitutional rights. […]
The Kurdistan Region's Directorate General of Antiquities and Heritage in 2022 has signed 47 contracts with universities and foreign organizations to develop and renovate archaeological sites, recording the highest number of agreements in the history of KRG in the related field. The projects, which formed by 33 new agreements and reviving 14 contracts, focus on […]
By John Lee. Singaporean/Swiss-based commodity trader Trafigura has reportedly ended its relationship with the Kurdistan Regional Government (KRG). According to a report from Bloomberg, the decision follows the KRG's refusal to renegotiate the terms of the contract, following a drop in the price of Kurdish oil. KRG Minister Masrour Barzani is also said to have […]
By John Lee. A new industrial zone is to be built in Duhok province. The project consists of five areas and covers an area of 300 dunams [30 hectares; 74 acres], at a cost of more than $ 62 million. Three of the five areas of the project have been completed which include, according to […]
Gulf Keystone Petroleum (GKP) has provided an operational and corporate update today. The information contained in this announcement has not been audited and may be subject to further review. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "2022 was a strong year for GKP, in which we made progress on multiple fronts that will position […]
By John Lee. China's Gezhouba Group has offered to invest $10 billion in Iraq's Kurdistan region. According to a report from Kurdistan24, a translation of which was published on the company's website, the investment is intended for roads, railways, the power sector and dams. Mohammed Shukri, chairman of the Kurdistan Investment Board, is quoted as […]
KRG Prime Minister Masrour Barzani received the United Kingdom's new Consul-General in Erbil, Rosey Cave on Thursday. The Prime Minister congratulated her on her appointment and wished her success in her duties and expressed the Kurdistan Region Government's full support for the new Consul in order to further promote the strong relationship between the UK […]
By John Lee. Iraq's Federal Supreme Court has ruled that budget payments from the Federal Government in Baghdad to the Kurdistan Regional Government (KRG) are unlawful. In response to the court's decision, the KRG issued a statement strongly opposing this verdict, calling it "unconstitutional and illegitimate". The statement also added: "This court is not constitutionally […]
By John Lee. The Kurdistan Regional Government (KRG) has said that the opening of the state-owned Nishtiman Bank in the Region can help provide mortgages to citizens and make a connection between Iraqi and international banks, all of which are reasons for economic development and strengthening the banking system in our region. The establishment procedures […]
By John Lee. The Kalar-Darbandikhan road project has completed its first phase, according to a press release from the KRG. Garmian Roads Director Adnan Khalil said: "The first phase of the project, 24 kilometers long and 17 meters wide, has been completed at a cost of 46 billion dinars. "The second phase of the project […]
