Economy

Dana Gas’s financial health took another step towards recovery after the company announced it had received further payments for its natural gas in Egypt and the Kurdish region of Iraq, and that the refinancing of a US$920 million (Dh3.37 billion) Islamic bond was nearing completion.  The Sharjah-based gas producer said …

The prime minister of the Kurdistan Regional Government (KRG), Nechirvan Barzani, has taken part in an international conference on energy security and foreign affairs organized by the Christian Democratic Party and headed by German Chancellor Angela Merkel. The visit to Germany has sparked European interest in Kurdish crude oil.  Once back, …

The diplomatic war of independence between Iraq and its Kurdistan Region is escalating rapidly, with the flashpoint for armed conflict being the Kirkuk oilfield on the boundary between the two sides. While both sides have pulled back some of their troops poised for conflict recently, 2014 could be decisive as …

Kurdistan Regional Government of Iraq is set to complete all works related to the Family Mall and Family Fun projects, which are currently under construction in the governorate of Duhok, by 2015, an official source told Zawya. “This project is considered one of the more vital projects currently being constructed by …