The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The Kurdistan Regional Government (KRG) is reportedly setting up two new companies to manage its energy resources. A new Kurdistan Regional Oil Company (KROC) is to specialise in oil exploration, and the Kurdistan Oil Marketing Organization (KOMO) will concern itself with marketing of the oil. The development comes as Erbil and Baghdad […]
By John Lee. The Minister of Natural Resources of the Kurdistan Regional Government (KRG) has filed a civil suit against the Baghdad Minister of Oil, accusing him of sending emails and letters with the intention of intimidating international oil companies (IOCs) and interfering with the contractual rights of the IOCs and the KRG. The KRG […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Kurdish female entrepreneurs overcome barriers to succeed Businesswomen say Iraq's Kurdistan Regional Government needs to work harder to create the conditions for entrepreneurs. Click here to read the full article.
By Jennifer Gavito, Qubad Talabani, Bilal Wahab 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. The KRG Turns Thirty: The Future of U.S.-Kurdish Relations in Iraq In the second of three discussions marking the thirty-year anniversary […]
Genel Energy has announced that after discussions with the Board following the recent AGM, at which Bill Higgs did not receive the required 50% majority of votes in favour of re-election as a Director, he has agreed to step down as CEO of the Company with immediate effect. Dr Higgs will take up a role […]
By John Lee. Rotana has opened a new 5-star hotel in Iraqi Kurdistan. According to a press release, the Slemani Rotana features 240 spacious rooms and suites with a convenient location on Salim Street in the center of Sulaymaniyah. Facilities include a state-of-the-art gym, a spa, a piano bar, and a variety of restaurants. The […]
By John Lee. Fitch Ratings has assigned the Erbil-based 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 privately-owned bank has minimal market shares in Iraq, no competitive advantages and limited distribution capabilities. More here. (Source: Fitch […]
SPARK and Startups Without Borders are hosting the Startups On The Move networking events, a series of ecosystem events happening in June, to connect entrepreneurs from diverse backgrounds with key ecosystem players in the Middle East. The events are part of the Startups on the Move incubation programme, launched with support from Google.org, which involves […]
By John Lee. The Judicial Council of Kurdistan Region of Iraq has issued a statement saying that the provisions of its oil law (Law No. 22, 2007) do not violate the Iraqi Constitution and therefore should be recognized as "standing laws". The statement follows months of dispute between Baghdad and Erbil regarding control of the […]
From 51 Labs: Five One Labs and AUK Collaborate to Provide Entrepreneurs a Community in Duhok In a panel discussion at The American University of Kurdistan in Duhok, Five One Labs and AUK announced a partnership with AUK hosting our organization for a long-term program for students and entrepreneurs in Duhok. This partnership will support […]
By Haider Ibrahim for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Dispute over Iraqi Kurdistan's energy resources ramps up The Iraqi Ministry of Oil has announced plans to establish a new oil company for the Kurdistan Region. Click here to […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG Minister of Natural Resources resigns The office of the Kurdistan Region Prime Minister announced on Thursday that Minister of Natural Resources, Kamal Atroshi (pictured), has resigned from his post over health issues, at […]
