The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Springs, wells dry up across Sulaimani province Springs and wells are drying up across Sulaymaniya province. Locals say it's a disaster unlike anything they've seen before. Click here to view the video.
By John Lee. The US Consul General in Erbil, Robert Palladino, has recently visited higher educational facilities in the city. At Erbil Polytechnic University he met with President Dr. Kawa Sherwani and senior administrators. They discussed U.S. exchange programs, the university's progress, and areas of possible cooperation. CG Palladino also participated in a roundtable discussion […]
By John Lee. Shares in Genel Energy fell more than 15 percent in mid-morning trading after the company announced that the Kurdistan Regional Government (KRG) intends to terminate its contracts at Bina Bawi and Miran. In a statement, the company said: "Genel has received notice from the Ministry of Natural Resources of the Kurdistan Regional […]
From the International Labour Organization (ILO). Re-published with permission by Iraq Business News. Young female entrepreneur strives to transform the medical sector in the Kurdistan Region of Iraq Twenty-five-year-old Nasreen Hassan has been working for years on a business idea that will help hospitals and medical centres in the Kurdistan Region of Iraq improve and […]
The Kurdistan Regional Government (KRG) has announced that it will be allocating 2.5 billion dinars in funds to combat droughts across the region and 1.5 billion dinars in emergency funds to address urgent water shortages in the Erbil province. As the first phase of its water security strategy, the government will be distributing funds to […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan's unemployed youth blame the government Jobless youth in the Kurdistan Region blame the government for their situation as unemployment and poverty have increased under an economic crisis and the coronavirus pandemic. Click here […]
By John Lee. A Kurdistan-based manufacturer of potato chips (crisps) has reportedly opened a new state-of-the-art potato storage facility. According to PotatoPro, Beirut Erbil for Potato Products (BEPPCO) installed ten cold storage rooms on an area of 5,332 square meters, with a storage capacity about 10,000 tons. The company sells under the brands Mr. Krisper […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Family power grab in Iraqi Kurdistan raises fears of intra-Kurdish violence Talabanis strip their cousin of all powers amid a power struggle in the Kurdistan Regional Government's Patriotic Union […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company's acquisition of ExxonMobil's remaining 32 percent interest in the Baeshiqa license, doubling DNO's stake. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously […]
By Saman Dawod for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan water crisis blamed on climate and Iran Iraq's Kurdistan Regional Government (KRG) has asked citizens to ration water. Click here to read the full story.
DNO ASA, the Norwegian oil and gas operator, has reported operating profit of USD 61 million in the quarter ending 30 June 2021, its second consecutive profitable quarter since the onset of the COVID pandemic. Revenues totaled USD 184 million, up USD 14 million from the previous quarter, as higher oil and gas prices more […]
The Council of Ministers of the Kurdistan Region of Iraq has approved Soran and Zakho as autonomous administrations, in a meeting led Prime Minister Masrour Barzani. Prime Minister Barzani cited the size and significance of both districts as reasons to grant them autonomy, and proposed that self-governance would ease the workload of people in those […]
