The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What the Russia-Ukraine war means for Iraqi Kurdistan Russia's invasion of Ukraine has had wide-ranging economic, political, and social consequences around the world, including in Iraqi Kurdistan. Food and fuel prices have increased […]
DNO ASA, the Norwegian oil and gas operator, today reported strong second quarter operational and financial results powered by high oil and gas prices and by solid production in its operated flagship Kurdistan Tawke license. Spurred by quarterly revenue of USD 361 million and free cash flow of USD 167 million, the Company reduced debt […]
Dana Gas PJSC has announced its financial results for the half year ended 30 June 2022. In the first six months of the year, the Company generated a net profit of AED 407 million ($111mm) or 5.8 fils per share, an 82% increase compared to an adjusted net profit (excluding reversal of impairment) of AED […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurds take to the streets over economy, alleged mismanagement The Kurdistan region of Iraq has been rocked by protests over deteriorating economic conditions and alleged mismanagement by the authorities. Urged by the […]
Writing in Oil Price, Simon Watkins argues that any hopes held by international oil companies (IOCs) that the Baghdad-based Federal Government was just bluffing about blacklisting IOCs operating in the Iraqi Kurdistan have been dashed. Click here to read the full article.
The effects of years of conflict and instability are still felt in Iraq, more evidently in regions that witnessed fighting between the Islamic State (IS) group and the Iraqi-led coalition. In 2021, Iraq continued to be severely affected by COVID-19, with the country experiencing its second and third COVID-19 waves, each recording a higher number […]
By John Lee. Shares in Genel Energy were trading down around 5 percent on Tuesday morning, despite significant increases in revenue and profit announceed in its unaudited results for the six months ended 30 June 2022. Paul Weir, Interim Chief Executive of Genel, said: "Our cash generation in the first half of the year has […]
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Turkey's War in Northern Iraq: By the Numbers Ankara is fighting a lethal and largely hidden counterinsurgency against PKK elements across the border, but the […]
By John Lee. The Khor Mor field in Kurdistan has again been subjected to rocket attacks. In a statement to the Abu Dhabi Securities Exchange, operator Dana Gas said: "Dana Gas (PJSC) informs the market that two small rockets landed within the Khor Mor Block in the Kurdistan Region of Iraq on the evening of […]
WFP Iraq partners with the Department of Information Technology at the KRG towards improving social protection for the people The United Nations World Food Programme (WFP) signed a Letter of Understanding (LoU) with the Kurdistan Regional Government, Department of Information technology (KRG-DIT) to formalise their collaboration on improving and reforming the Social Protection System in […]
By John Lee. Fitch Ratings has said that Iraq's government debt is set to fall steeply as a share of GDP in 2022, bringing it to pre-Covid-19 pandemic levels. It adds that while this is positive for the sovereign's creditworthiness, the decline may not be sustainable, as it partly reflects political tensions that have constrained […]
By John Lee. Iraq has recalled its Charge d'Affairs from Ankara for consultation, and suspended the appointment of a new Iraqi ambassador to Turkey, following a airstrike on a tourist resort in Zakho, in Iraqi Kurdistan. At least eight civilians were killed in the attack, including several children. The Iraqi Cabinet also directed the Ministry […]
