KRG Archives - Panorama Insurance Brokers

KRG “Bans Tomato Imports from rest of Iraq”

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 The Kurdistan Regional Government (KRG) has banned imports of tomatoes from Iraq, following protest from farmers because of the low price of their fruit. Click here to read… Read More

“$4bn” Invested in Construction Materials in Kurdistan

By John Lee. The head of the Kurdistan Board of Investment has reportedly said that it has granted of 112 licences for factories making construction materials, with the intention of helping to ease the housing crisis in the region. According to the report from IQ News, the total investment is valued at $4 billion. (Source:… Read More

KRG approves Agricultural Projects Oversight Bill

By John Lee. The Kurdistan Regional Government’s Council of Ministers approved on Wednesday the Agricultural Projects Oversight Bill. According to a statement from the KRG, the bill will play a significant role in creating new jobs for recent graduates, notably from agricultural colleges and institutes. (Source: KRG)

KRG to tackle Cost of Bread

By John Lee. The Kurdistan Regional Government has said it is working on addressing the rising costs of bread and other basic commodities. In a statement, it said that the relevant ministries and administrative authorities will aim to assist bakeries in the near term, and address the reliance on imported flour in the long term… Read More

Shares in Genel Energy fall as KRG to Terminate Contracts

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… Read More

KRG announces $2.7m Water Security Fund

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… Read More

Kurdistan’s Unemployed Youth Blame Govt

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… Read More

Family “Power Grab” raises Fears of Intra-Kurdish Violence

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… Read More

KRG Approves DNO Purchase of Exxon Stake in Baeshiqa

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… Read More