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A source from Kurdistan Investment Board declared that the Turkish companies' assets in Kurdistan Region amount to US$ 621 million. Confirming the figure, Haydar Mustafa, the Director General of Investigation & Information in the Board, told AKnews on Wednesday that although there are many Turkish companies operating in the Region the majority of them are […]
The Kurdistan Regional Government is preparing to export natural gas to Europe via Turkey and the Nabucco project, Turkish Hurriyet Daily News said on Tuesday. “After failing to agree with the central government in Baghdad over the sale of oil and gas, northern Iraq’s administration is now preparing to export natural gas to Europe via […]
The increase in construction projects in Iraq is considered a positive indicator for Turkey's construction sector in the coming years, according to a report from World Bulletin. A report by the Undersecretariat of Foreign Trade (Export Development Research Center) said the construction and contracting sectors have entered a rapid growth phase in Iraq. The report […]
"The Iraqi government will take new procedures to combat drought in Iraq. It will launch a new initiative to control the drought and support the agricultural initiative that started last year", a source in the Iraqi government said on Tuesday, as reported by AK News. "There is a fear that the water levels in Tigris […]
Further to our report yesterday on the attack on the Kirkuk-Ceyhan Pipeline, Israel National News reports that oil started to flow again on Monday. A bomb, reportedly planted by Kurdish resistance fighters, had temporarily halted pumping on the Kirkuk to Ceyhan pipeline at the weekend. The bombing by the Kurdistan Workers’ Party (PKK) added a […]
A consortium of Turkish firms is negotiating with the authorities in the southern Iraqi Province of Missan for the construction of a 500-megawatt power plant, according to a report from Azzaman News Agency. Governor Mohammed al-Sudani said the talks were in an advanced stage and that representatives from the Turkish consortium were currently discussing the […]
The Acarsan Group, based in Gaziantep, Turkey, is set to complete the construction of five new hospitals in Iraq and hand them over to the Iraqi Health Ministry by the beginning of 2012, according to a report in Today's Zaman. In partnership with the Universal Hospitals Group network of Turkey, Acarsan won a recent tender […]
Turkish security sources said the flow of oil on Iraq's pipeline to the Turkish port of Ceyhan was still halted on Sunday night after a bomb blast blamed on suspected Kurdish separatist rebels the previous evening, according to a report from Reuters. AFP reports that a blast late Saturday ripped through a section of the […]
The Chief of Erbil Trade & Industrial Chamber has announced today that his Chamber has taken into consideration the strategic trade and economic relations, rather than the temporary relations, with a visiting Turkish trade delegation in Erbil. "We have demanded the latest Turkish trade delegation to take into consideration the joint long term trade relations, […]
At the Turkey- Kurdistan Regional Economic Forum held this week in Erbil, Kurdish and Turkish entrepreneurs and businessmen met to discuss possible future joint investment projects in Kurdistan Region. During the meeting, Turkey's Foreign Trade Minister, Zafar Çaglayan, also declared that his country seeks to increase investment by Turkish companies in the region to US$20 […]
Turkey's Trade Ministry has declared that the trade volume between Turkey and Iraq has exceeded $6 billion this year, up from only $940 million in 2003. In a press release by Turkish Ministry of Trade, commercial ties between Turkey and Iraq have developed dramatically in the recent years. The indicators show that bilateral the trade […]
A large Turkish business delegation will head to northern Iraq Tuesday to boost trade links, despite a political chill over Turkish Kurd rebels taking refuge in the area, a newspaper report said. State minister for foreign trade Zafer Caglayan, who will lead the 200 businessmen, voiced the hope that increased economic exchanges between Turkey and […]
