Category Archives: Economy

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…

A message for the caretakers of Kurdistan

By Bakhtiar Zuhdi: The clock is ticking. Kurdistan is on the map. The eyes of the largest corporations in the world are on us. Kurdistan is emerging fast. We must be ready for it. A decade of brutal repression and genocide may have left us with a culture of fear, uncertainty and lack of confidence, especially…

Why does Barzani oppose modern banking for Kurdistan?

Michael Rubin

By Michael Rubin: With the specter of Saddam removed, Iraqi Kurdistan has boomed. The Kurdistan Regional Government (KRG) has worked hard to attract foreign investment in the oil industry, hotel, and construction sectors. Erbil and Sulaymani are becoming the first cities in Iraq with real skylines. Scratch the surface, though, and the patina of progress…

Rapid urbanisation in Erbil and Suli has led to lower living standards

By Mufid Abdulla: The cities of the south of Kurdistan are growing at a rapid pace, especially following the defeat of the old regime in 2003 and the emergence of a new era for Iraq without Saddam. The south of Kurdistan has become an emerging marketplace for business and this has attracted to its cities…

Retirement plan: universal pensions the key to Iraqi economic woes?

Shwan Zulal

By Shwan Zulal: This article first appeared on Niqash How will I support myself in my old age? People ask this question all around the world. One Kurdish writer argues that a universal pension scheme could be a catalyst for a more dynamic private sector and economic growth in Iraq. No matter where they live,…

Young worker killed in Sulaymani – another ‘health and safety casualty’

News and Comment by KT: A 32 year old plasterer was killed today after falling from the fourth floor in the Goyja Project in the north of Sulaymani. The young worker, whose name has not yet been released, came from Dyarbakir in Turkey/North Kurdistan and his body is being returned there. He was hired by…