KRG Archives - Panorama Insurance Brokers

KRG to Tax Internet and Telecom Companies

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG will see 20 billion dinars monthly from new corporate tax on internet and telecom companies: official The Kurdistan Regional Government (KRG) will attempt to bring in nearly 20 billion dinars [approx $13.7 million]… Read More

KRG to Increase Electricity Prices

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG raises electricity rate by 20% The Kurdistan Regional Government’s (KRG) Ministry of Electricity is increasing the price of national electricity by 20 percent, the spokesperson told Rudaw on Monday. Click here to read… Read More

Deloitte Report on Kurdistan Region Oil and Gas

Deloitte report on Oil and Gas review in the Iraqi Kurdistan Region – Q1 to Q3 of 2020 The KRG’s Regional Council of Oil and Gas Affairs has published a report containing verified statistics covering the Kurdistan Region’s oil exports, consumption and revenues for period 1 January 2020 to 30 September 2020. The report, available… Read More

KRG proposes new Minister of Natural Resources

By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG), Masrour Barzani, has nominated Dr. Kamal Atroshi to the post of Minister of Natural Resources, a position which includes responsibility for the oil and gas portfolio. A statement from KRG spokesperson Dr. Jotiar Adil said, “It is our hope that the Kurdistan Parliament… Read More

Erbil Restaurant Owners Protest Ban on Celebrations

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Erbil hotel and restaurant owners protest ban on New Year celebrations Hotel and restaurant owners in Erbil protested on Sunday against the Kurdistan Regional Government (KRG) Ministry of Interior’s decision to ban New Year… Read More

RSF Condemns Arrests of Journalists in Iraqi Kurdistan

Wave of arrests of journalists covering protests in Iraqi Kurdistan Reporters Without Borders (RSF) condemns a wave of press freedom violations in northern Iraq’s autonomous Kurdistan Region, where at least 10 journalists have been arrested while covering peaceful protests during the past week, one has been placed in pre-trial detention and a regional TV channel,… Read More

KRG to Resume Override Payments to Genel

By John Lee. Genel Energy has received notice from the Kurdistan Regional Government (‘KRG’) that override payments, whereby Genel receives 4.5% of monthly Tawke gross field revenues, will resume with the January 2021 invoice, to be paid in February 2021. Assuming the prevailing oil price, this translates into over $5 million of additional cash proceeds… Read More

German Firm wins Contract to Digitise KRG Public Services

KRG Prime Minister Masrour Barzani has presided over the contract signing ceremony between the Ministry of Interior and Germany’s Mühlbauer Group to digitalize key public services. During the ceremony, the Prime Minister said that the KRG has no choice but to move forward with technological advancements, recalling the cabinet’s agenda on digitalization and commitment to… Read More

KRG to Prioritise Private Enterprise

By Padraig O’Hannelly. A major conference has heard that Iraqi Kurdistan will prioritise a shift towards private enterprise and a more efficient public sector. In his keynote speech to CWC/GFEn‘s Kurdistan Iraq Economic Forum (KIEF) conference, held online, Kurdistan’s Deputy Prime Minister, Qubad Talabani (pictured), said: “We must create an environment to let the private sector… Read More

More than 16,000 Ghost Workers removed in Kurdistan

By Padraig O’Hannelly. The Kurdistan Regional Government’s (KRG) biometric registration program is claimed to have removed more than 16,000 ‘ghost workers’ from the state’s payroll. Addressing the CWC/GFEn‘s Kurdistan Iraq Economic Forum (KIEF) online conference, Kurdistan’s Deputy Prime Minister, Qubad Talabani, said: “Building on phase one of our biometric registration program, where every wage-earner was enrolled,… Read More