Category Archives: Economy

Another death on a Kurdish building site

KT News: Hasan Ramazan was an 18 year old construction worker. Yesterday he fell to his death when his escalator collapsed while he was working on an electricity pylon on a building site in the town of Kalar. He was the 83rd person to die this year on building sites in the region of Kurdistan….

Closing the gap between higher education and workplaces in Iraqi Kurdistan

Rawaz

By Rawaz Sulaiman: Having professional qualifications is always vitally important when applying for jobs. Like other parts of the world, the Kurdistan region of Iraq has been making progress in many different ways, as shown by the economic boom. Undoubtedly, this prosperity requires that we have well-qualified people to govern the region effectively. Nowadays, higher education…

South Kurdistan: From Oppression to Banana Republic

Kamal Chomani

By Kamal Chomani: Twitter: @KamalChomani The recent developments in energy cooperation between the Kurdistan Region of Iraq and Turkey are seen by many as a route to Kurdistan Regional Government (KRG) Independence, a long-deferred dream of Kurds. However, putting all the eggs into Turkey’s basket ultimately creates KRG Dependence on Turkey or, as many put…

Why is the GTA game making 14 times more than Kurdistan’s oil?

Ibrahim Anwar

By Ibrahim Anwar : The majority of Kurdistan’s income is from the sale of oil. The Kurdistan Region produces 750,000 barrels per day (bpd) and, deducting all operation costs and other indirect costs, the Kurdistan Regional Government’s (KRG’s) revenue will be 1,720,000,000 USD for October 2013. The KRG has anticipated 1,957,000,000 USD as its monthly revenue during the first six months of 2014, with this…

A glimpse into the 2nd Annual Kurdistan Careers Conference

Aras Ahmed

By Aras Ahmed Mhamad: At the opening of the 2nd Annual Kurdistan Careers Conference on September 4, 2013, there was a huge wave of job seekers, estimated at around 1,000, marching towards the exhibition and the sponsors. Employers keenly explained their company’s requirements and profiles to these job seekers. Nearly 45 national and international companies…

KRG to use water consumption meters to cut water wastage

water

By Nagham Haidar (Awat): The Water and Sewage Directorate of Kurdistan Region is planning to set up water consumption meters in Kurdish households to regulate water usage. “Due to the large amount of water wastage in the region, the KRG has dedicated a part of its master plan for 2014 to set up water consumption meters…

Iraq’s low tax rates driving development or corruption?

By Safa Fadhil (Awat): Taxation and tax rate issues do not hit the headlines of the Iraqi news channels and newspapers even though they are perceptible in all world’s major media channels and business magazines. In its place corruption is under the spotlight in this part of the world. Oddly, both taxes and corruption are…

Horses before the carts

Amjad Rashid

By Amjed Rasheed:  This article discusses the fragility of the management system in Kurdistan. It is reductionist, focusing only on the poor transportation system and the centralized management system in the region. Despite the fact that the airport in Dohuk governorate is not finished, I find it ironic to have three airports in a small…

Kurdistan recruitment consultant advises: Modern life is not easy!

By Sayran Hadi: I am a link between job seekers and employers in the Kurdistan Region. I receive hundreds of CVs every day and so many people want to change their job. They mostly want to join the oil sector… Life is not easy nowadays, especially in a country like Kurdistan – where business is…

Kurdish law makers should tax individual higher earners

By Mufid Abdulla: This article flows from the recent local news that there are 30,000 dollar millionaires in the south of Kurdistan. First of all we must ask ourselves what Kurdistan produces to create such a high-calibre rich class, or what innovations has the region seen in the past decade to justify this? In the…

Why the banking crisis in the Suli area?

Suli bank

By Mufid Abdulla: For the last two weeks the Suli area of the Kurdistan Region has been suffering the effects of a major banking crisis. The banks cannot pay customers – both individuals and small businesses – what is due to them. The state banks have been unable to pay the wages of civil servants…

Corrupt politicians have caused banking crisis, says PUK leader

KT Comment: Three days ago, PUK (Patriotic Union of Kurdistan) politburo member Mula Bakhtiar wrote an article, for his website and newspaper Chawder, identifying the main cause of the shortage of money affecting Kurdish banks and the crisis facing the Bank of Kurdistan. He blamed corrupt politicians who have been “hiding tons of dollars in their…

‘No oil income would mean no pay for civil servants’ – Suli professor

KT News: Following the Kurdistan Regional Government’s (KRG) decision last week to halt oil exports from Iraq to Turkey, a Suli professor has warned that, because of the region’s dependence on oil, this could eventually result in civil servants going without their wages. Economics professor and academic Mohammed Rauf, who lectures at Suli University, told Hawlati newspaper…

Where is the Kurdistan Statistics Agency?

Michael Rubin

By Michael Rubin: Kurdistan’s rise from the ashes of the Anfal demonstrates Kurdish resilience. When Iraqi dictator Saddam Hussein pulled his administration from Iraq’s three northern provinces, he hoped to starve the Kurds into submission; he never believed the Kurds would fill the vacuum and establish a functioning government. Bookmark on Delicious Recommend on Facebook…

Jordanian business delegation visits Kurdistan Region and Iraq

Press release by ‘Activate Iraq’: Chairman of Kurdistan’s Investment Board Expresses Willingness to Establish an Industrial Zone in Erbil for Jordanian Factories Erbil, December 11th, 2012 – A high level business delegation of  42 Jordanian business leaders met in Irbil earlier this week with their Iraqi counterparts in an effort to promote trade and boost Jordanian…