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) has outlined what it claims is a significant funding shortfall in transfers from the Federal Government over the past three years, describing the situation as a "financial gap" and an effective blockade on investment. According to its data, the Kurdistan Region's total constitutional entitlement between 2023 and […]
From the German Liaison Office for Commerce & Industry in Iraq (AHK Iraq). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. AHK Iraq Report: Agriculture in Kurdistan 2025/2026 Agriculture and livestock remain pillars of economic and food security in the Kurdistan Region. With fertile […]
By John Lee. The Kurdistan Regional Government has said it completed 172 road projects in 2025, strengthening transport infrastructure across the Kurdistan Region with a total investment of IQD 92,463,000,000 (approximately USD 63.4 million). The works comprised new road construction, as well as rehabilitation and asphalting of existing routes, spanning all governorates and self-administration districts. […]
By John Lee. The State Oil Marketing Organisation (SOMO) has issued a clarification in response to a Reuters report on 26 September 2025 regarding DNO's export activities. SOMO reaffirmed its commitment to fulfilling all obligations within its mandate and under existing agreements with the Kurdistan Regional Government (KRG), continuing efforts to ensure the smooth flow […]
By John Lee. London-based cafe chain EL&N has opened its first venue in Iraq. Located at the Erbil Avenue development, the new store is open for brunch, lunch and dinner. (Source: EL&N)
By John Lee. Former Iraqi president Barham Salih has been reportedly been chosen as the new United Nations High Commissioner for Refugees (UNHCR). Unconfirmed media reports say he will start a five-year term leading the Geneva-based refugee agency from the start of January. He would replace Filippo Grandi, an Italian diplomat who has served two […]
By John Lee. The United Nations Development Programme (UNDP) has made a series of recommendations on tackling corruption in Iraqi Kurdistan. The recommendations are included in its report on the second phase of the Trial Monitoring Programme on grand corruption cases in the region. Expand Judicial Specialization: Replicate the Fourth Erbil Criminal Court model in […]
By John Lee. Norway's DNO ASA has announced a major scaling-up of operations in the Kurdistan Region after surpassing 500 million barrels of cumulative oil production from the Tawke licence, where it holds a 75 percent operating stake. Drilling will resume next week after a 2.5-year spending pause, beginning with a new production well in the […]
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Corruption remains a persistent threat to public accountability and undermines trust in public institutions. While the Kurdistan Regional Government continues to promote integrity through policies, legislation, and institutional reforms, […]
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By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) closed down 2.7 percent on Wednesday after the company provided an operational and corporate update. It said it received its first payment in November at around $30/barrel (below international prices under interim agreements), has returned $50 million to shareholders in 2025, and is on track to […]
By Noam Raydan and James Jeffrey, 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. Oil from Northern Iraq Arrives in the United States After Pipeline Reopens s In addition to providing discounted crude of a quality […]
