KRG Archives - Panorama Insurance Brokers

Amnesty: Arbitrary Arrests and Enforced Disappearance in Kurdistan

By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region of Iraq: Arbitrary arrests and enforced disappearance of activists and journalists Over the past year the authorities in the Kurdistan Region of Iraq (KR-I) have ruthlessly cracked down on journalists, activists… Read More

KRG begins Buying Wheat from Farmers for First Time

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… Read More

KRG to rely 100% on Natural Gas for Electricity

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… Read More

Mount Zawa Cable Car to Create Jobs, Boost Tourism

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… Read More

Genel Energy receives March Oil Payments from KRG

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… Read More

New Steel Factory in Opens in Erbil

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… Read More

KRG Invests in Major Wheat Industry Project

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… Read More

KRG amends Oil Payment Terms; Share Prices Fall

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… Read More

Iraq Economic Review: Second Edition

By Ahmed Tabaqchali, Hamzeh al-Shadeedi and Sarwar Abdullah, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Breaking the Impasse: The Baghdad-Erbil Budget Divide The annual debate over… Read More

Work Starts at Bitwen Sugar Factory

The Deputy Prime Minister of the Kurdistan Region of Iraq, Qubad Talabani, has marked the official start of construction for the Bitwen sugar factory, announcing that the government will continue to facilitate investments for similar agricultural and industrial projects. At the laying of the foundational stone ceremony, the Deputy Prime Minister highlighted the project as… Read More