The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Shares in Gulf Keystone Petroleum (GKP) ended the day up more than 6 percent on Friday, as the Kurdistan-focused oil producer gave an operational and corporate update: Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "We continue to safely navigate a challenging operating environment due to COVID-19, with gross average year-to-date […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG begins buying wheat from farmers for the first time The Kurdistan Regional Government (KRG) began buying wheat from farmers on Tuesday for the first time, following the completion of the newly constructed multimillion-dollar […]
Caliburn International Donates $250,000 to American University of Iraq, Sulaimani (AUIS) Caliburn International has announced its intention to commit an initial $250,000 toward a new scholarship campaign with the American University of Iraq, Sulaimani (AUIS). The campaign, called "We Share the Future," will raise money to provide students from diverse communities across Iraq with access […]
Ten electricity plants were provided with transformers at a ceremony attended by Deputy Prime Minister Qubad Talabani in Koya town on Thursday. The Deputy Prime Minister commended the Koya transformer project and addressed developments in the electricity sector, including the Kurdistan Regional Government's decision to go all in on natural gas. "The power generation costs […]
KRG Prime Minister Masrour Barzani marked the official opening of the Mount Zawa Cable Car in Duhok province, which will create hundreds of new jobs in coordination with the Ministry of Municipality and Duhok Governorate. The $30 million project connects the Barzan region road to the top of Mount Zawa and includes new restaurants and […]
Genel Energy has announced that payments have been received from the Kurdistan Regional Government ('KRG') for its entitlement for oil sales during March 2021. Those payments are made up as follows: (all figures $ million) Payment Tawke 14.3 Taq Taq 2.1 Sarta 3.4 Total 19.8 As announced on 13 May, Genel and other KRI operators […]
Fostering justice to curb corruption in Iraq: €15 million project supports transparency and accountability across state institutions A EUR 15 million initiative aimed at curbing corruption in Iraq and bolstering transparency and public accountability has been launched today in partnership between the European Union Delegation to Iraq, the United Nations Development Programme (UNDP), and Iraqi […]
KRG Prime Minister Masrour Barzani on Tuesday inaugurated the largest and most advanced steel factory in Iraq and the Kurdistan Region which will create 1,000 job opportunities, a flagship project of the Kurdistan Regional Government's ambitious economic reform agenda. At the inaugural ceremony, the Prime Minister affirmed the industrial project is one of many strategic […]
As part of its efforts to transform the Kurdistan Region into a competitive producer, the Kurdistan Regional Government has invested in strategic projects to strengthen and expand the region's agricultural sector and food industry. One of these landmark projects is the Wheat Marketing Project, which Prime Minister Masrour Barzani launched on Nov. 1, 2020 as […]
Iraqi Kurdistan's Authoritarian Turn: Western ally 'Discards idea of Democracy' Writing in the Financial Times, Chloe Cornish says the arrest and conviction of journalists and activists In Iraqi Kurdistan has revived concerns over a government dominated by two clans, the Barzanis and the Talabanis. Click here to read the full article (subscription required)
By John Lee. Shares in oil companies operating in Iraqi Kurdistan have been hit by a change in payment terms imposed by the Kurdistan Regional Government (KRG). Genel Energy, Gulf Keystone Petroleum (GKP) and DNO this morning reported to the markets that they have received letters from the KRG proposing an amendment to payment terms […]
Freedom of expression increasingly curtailed in Kurdistan Region of Iraq - UN report Freedom of expression in the Kurdistan Region of Iraq has been increasingly curtailed over the past year, according to a UN report issued on Wednesday. Critics of public authorities have risked not only intimidation, restrictions on their movements and arbitrary arrests, but […]
