The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Erbil and Baghdad have reportedly reached a deal valued at 10 billion Iraqi dinars ($6.8 million) to sell chicken from Iraqi Kurdistan's Akre district to central and southern Iraq. More here. (Source: Kurdistan 24)
Prime Minister Masrour Barzani on Wednesday launched Erbil's first-ever agriculture fair, for farming and animal products. The fair is supervised by the Iraqi ministry of agriculture and the Kurdistan Region ministry of agriculture and water resources. PM Barzani said the fair is an important step towards developing Iraq's agriculture. "This fair will be a starting […]
DNO ASA, the Norwegian oil and gas operator, today reported third quarter revenues of USD 253 million, a 38 percent quarter-on-quarter increase driven by higher North Sea sales and strengthening commodity prices. The Company's operating profit climbed seven percent to USD 65 million, weighed down by non-cash net impairments of USD 40 million primarily related […]
Shares in Genel Energy were trading down 3.5 percent on Thursday morning following the company's trading and operations update in respect of the third quarter and first nine months of 2021. The company said it now expects production in the year to be slightly below the 2020 average of 31,980 bopd. Bill Higgs, Chief Executive […]
AUIS Entrepreneurship and Innovation Center announces call for Applications for AUIS Innovation Awards The AUIS Entrepreneurship and Innovation Center (AEIC) at the American University of Iraq, Sulaimani (AUIS) announced on Monday the AUIS Innovation Awards (AIA), which will highlight innovation excellence in institutions in Iraq and the Kurdistan Region and put a spotlight on innovative […]
UNFPA launches Social Responsibility Skills for Young Entrepreneurs Project UNFPA and the Ministry of Labour and Social Affairs with the Ministry of Culture and Youth in the Kurdistan Regional Government launched the Social Responsibility Skills for Young Entrepreneurs project in Erbil. The project was based on the success story of the "Orange Corners Erbil Programme" […]
By John Lee. The Deputy Assistant Secretary at the US Embassy in Baghdad, Jennifer Gavito, and Consul General Robert Palladino joined Erbil's Governor, Umed Khoshnaw, to announce additional U.S. funding for further renovations of the Hamam, and to create a children's center at the Erbil Citadel. U.S. funding to the Erbil Citadel now totals $1.5 […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi and Kurdish prime ministers discuss election tensions in Kirkuk Tens of Kurdish residents of disputed Kirkuk were arrested and later released after celebrating the victory of Kurdish parties in the […]
By John Lee. The US Consul General in Erbil has praised the Dallas-based HKN Energy for directly creating 450 jobs in the Kurdistan Region. Robert Palladino made the comments during a visit to the company's facility in Chamanke. Click here to read the full article. (Source: Kurdistan 24)
By John Lee. [Amended 7th Oct 2021 to include comment from Korek Telecom.] UAE-based Agility has announced an arbitration decision by the Lebanese Arbitration Center of the Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon, in the lawsuit filed by its subsidiary Iraq Telecom against the Intercontinental Bank of Lebanon (IBL) and […]
By John Lee. The Kurdistan Regional Government (KRG) has recently launched what it describes as "two massive electricity projects" in Makhmour. They are the Bnar power station, built by the Girshin Company, and a 33 KV power-line at Qaraj, implemented by Palos. The projects have a combined cost of 1.742 billion dinars [$1.2 million]. (Source: […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has opened a new wheat marketing center in Erbil, a year after announcing the project. In a statement on Twitter, Masrour Barzani said: "In less than a year, we are back to inaugurate the $250-million wheat marketing project in Erbil. A great new […]
