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Kurdistan Economy

A place to post daily news of Kurdistan from valid sources .

Re: Kurdistan Economy

PostAuthor: Anthea » Mon Jul 07, 2025 8:27 pm

Around 60 French companies
to invest in Kurdistan


Some 60 French companies are set to visit and invest in the Kurdistan Region in the coming days as part of efforts between Erbil and Paris to strengthen bilateral ties, a Kurdish official said on Monday

“Fifty to 60 French companies were supposed to visit the Kurdistan Region this month, but due to the Iran-Israel war and the instability of the regional airspace, it was postponed a bit. Now we are in contact with the French consulate [in Erbil] to determine an appropriate time,” Bargasht Akreyi, spokesperson for the Kurdistan Region’s Board of Investment, told Rudaw on Monday.

The initiative is expected to create thousands of job opportunities and pave the way for French brands to establish a presence in the Region.

Akreyi further stated that the expected investment of French companies in the Kurdistan Region "will lead to the creation of thousands of job opportunities."

The companies are from the agriculture, energy, technology, and tourism sectors, according to Akreyi. They are set to meet with local companies in the same fields to foster mutual understanding.

"Several famous French brands are set to open branches of their companies in the Kurdistan Region,” he noted.

Officials and business leaders from Iraq, the Kurdistan Region, and France met in Paris in May for a major forum to boost trade and investment, with Baghdad and Erbil pushing to expand international partnerships by presenting the country as stable, attractive destination for foreign companies.

The Kurdistan Regional Government (KRG) has been stepping up efforts to diversify the economy by strengthening the private sector.

As of May 2024, French investments in the Kurdistan Region stood at around $3 billion across multiple sectors, according to France’s Consul General in Erbil Yann Braem.

The bond between France and the Kurdish people dates back to the 1980s, when Danielle Mitterrand, then First Lady of France, became a vocal advocate for Kurds oppressed under the regime of Iraqi dictator Saddam Hussein.

    Mitterand played an instrumental role in the establishment of the no-fly zone over the Kurdistan Region after the 1991 Gulf War, providing protection that enabled Kurds to establish autonomy
She remains affectionately known as the “Mother of the Kurds” and inaugurated the first Kurdish parliament in 1992.

France was also among the first nations to open a consulate in Erbil after the fall of Saddam Hussein’s regime in 2003, and played a critical role in supporting Kurdish and Iraqi forces during the war against the Islamic State (ISIS) that began in 2014.

https://www.rudaw.net/english/kurdistan/070720254
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Re: Kurdistan Economy

PostAuthor: Anthea » Tue Jul 08, 2025 11:16 am

KRG Expands Food Security
and Boosts Exports


The Kurdistan Government’s (KRG) ninth cabinet is significantly expanding the region’s food security and industrial capacity, laying the groundwork to strengthen domestic production and increase exports to international markets

As part of these efforts, the Kurdistan Region has begun exporting products including rice, sumac, tahini, pomegranates, honey, and apples to the UAE, Gulf countries, and Europe.

A key component of this strategy has been the construction of large-scale grain silos. The KRG has completed new silos in Qushtapa (Erbil province), Kalar (Sulaimani province), and Bardarash-Rovia (Duhok province), each with a storage capacity of 40,000 tons and costs ranging from 18 to 21 billion dinars.

Meanwhile, a silo project in Halabja province, with the same capacity, is 25% complete and estimated to cost 26 billion dinars. Together, these facilities provide a total storage capacity of 160,000 tons across the region.

In the industrial sector, 977 factories have received new operating licenses under the ninth cabinet, raising the total number of licensed factories in the Kurdistan Region to 4,547.

The region has also seen significant growth in commercial activity, with 7,227 local companies, 216 branches of foreign companies, and 358 branches of Baghdad-based firms now operating in Kurdistan, bringing the total number of commercial entities to 7,801.

Agricultural development has been another major focus. Over 30,000 greenhouses have been established, supporting 3,813 farmers, while 101 new cold storage facilities have been built to improve supply chain infrastructure.

Six factories for potato-based products and 11 other agricultural processing factories have also been re-activated.

As a result of these initiatives, agricultural investment in the Kurdistan Region has surged from 1.8% to 8%, bolstering both food self-sufficiency and export capacity.

These strategic measures underscore the ninth cabinet’s commitment to advancing economic diversification and promoting Kurdistan as a hub for high-quality local products in international markets.

https://www.basnews.com/en/babat/888635
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Re: Kurdistan Economy

PostAuthor: Anthea » Thu Jul 17, 2025 8:51 pm

Drone Attacks on Kurdistan
are Terrorist Acts


The Kurdistan Government’s (KRG) Interior Minister has stated that the primary target of recent drone attacks is the economic infrastructure of the Kurdistan Region, stressing that these terrorist acts must come to an end

Rebar Ahmad, the KRG Minister of Interior, responded to journalists’ questions regarding the drone attacks, saying: “It is very clear where the drones are directed — they consistently target the economic nerve of the Kurdistan Region.”

He described the drone attacks as acts of terrorism and emphasized that any party responsible will be condemned.

Ahmad also called on the federal government to take action to stop the drone attacks, urging that those behind them be identified and brought to justice.

“We are coordinating with the federal government to prevent these attacks and to protect the targeted sites,” he added.

In recent days, several oil facilities and oil fields have come under a series of drone attacks. No group has claimed responsibility for the incidents.

However, according to security sources, the drones were launched from areas under the control of the Iraqi security forces and the Hashd al-Shaabi militias.

Despite the frequency of the attacks, the Kurdistan Region’s authorities say the Iraqi federal government has yet to take any concrete security or military steps to prevent further incidents.

https://www.basnews.com/en/babat/889530
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Re: Kurdistan Economy

PostAuthor: Anthea » Wed Jul 23, 2025 1:00 am

KRG Project to Cut Poverty Rate
Already Less Than Half of Iraq's


ERBIL (Kurdistan 24) – The Kurdistan Region’s poverty rate stands at 8.6 percent, less than half of the 19.5 percent rate for Iraq as a whole, a top official announced Tuesday while launching a new, internationally-backed "Social Protection" project aimed at reducing poverty even further and improving citizens' living conditions

Speaking at a press conference during the project's announcement ceremony, Sirwan Mohammed, the Deputy Minister of Planning for the Kurdistan Regional Government (KRG), outlined the multi-ministry initiative designed to create equal opportunities and ensure economic stability.

"The project was implemented under the supervision of the Ministry of Planning, in conjunction with the Ministry of Social Affairs, which is the primary beneficiary," Mohammed stated. He added that the Ministries of Trade, Education, the Department of Information Technology, the Ministry of Interior, and the Ministry of Health will also benefit from the program.

The strategy behind the project, he explained, is to create a framework for sustainable development. "The importance of the project's strategy is that it relies on the latest data and indicators available from the Ministry of Planning and other relevant ministries," he said. "Its aim is to create equal opportunities for the citizens of the Kurdistan Region to work, while ensuring that the economy continues to grow, and guaranteeing that growth within the framework of this strategy."

Mohammed highlighted the project's role as a tool to combat poverty, noting the Kurdistan Region's relative success. "The poverty rate in the Kurdistan Region is lower compared to other areas of Iraq," he said. "The rate in the Kurdistan Region was 8.6 percent in the latest survey by the Ministry of Planning, while in Iraq the rate was 19.5 percent."

Despite this, he stressed the need for continued effort: "We must work to reduce the poverty rate in the Kurdistan Region."

A key goal of the strategy is to build resilience, the deputy minister said. "The main pillar of the strategy is our ability to continue providing services to citizens during times of crisis."

The project has garnered significant international support. "The European Union has provided very good financial support for the project, with the participation of UN-affiliated organizations such as UNICEF, DFP, and UNCSHR, along with the representative of the World Bank," Mohammed noted.

He also confirmed that this is just the beginning of a larger effort, stating that only the first phase has been implemented so far and that they will work to implement the entire project in the future.

https://www.kurdistan24.net/en/story/85 ... f-of-iraqs
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Re: Kurdistan Economy

PostAuthor: Anthea » Tue Aug 05, 2025 7:00 pm

Halabja to Host Weekly
Agricultural Products Market


ERBIL (Kurdistan24) — Star Mahmoud, General Director of Agriculture in Halabja province, on Tuesday announced exclusively to Kurdistan24 that the weekly agricultural produce market will commence this Friday in Halabja

Mahmoud said the market will be held every Friday throughout this month, operating from 4:00 PM until 11:00 PM.

He added that more than 100 local farmers will participate in the market, showcasing their homegrown products.

Star Mahmoud emphasized that this event is organized by the General Directorate of Agriculture in Halabja as a pilot initiative. If successful, the weekly market will continue regularly. He further noted that the main goal is to display the highest quality of local produce available during this season, highlighting its freshness, variety, and cleanliness.

Halabja, a city nestled in the Kurdistan Region of Iraq, is renowned for its fertile lands and rich agricultural heritage. The region’s favorable climate, abundant water resources, and fertile soil create ideal conditions for cultivating a diverse range of crops, making agriculture a vital part of Halabja’s economy and cultural identity.

Among Halabja’s most celebrated agricultural products is its iconic pomegranate. The Halabja pomegranate is widely recognized for its exceptional sweetness, vibrant color, and juiciness, distinguishing it from varieties grown elsewhere.

This fruit has long been a symbol of the region’s agricultural excellence, admired both locally and internationally. Farmers in Halabja have perfected traditional cultivation methods passed down through generations, ensuring that their pomegranates maintain high quality and flavor.

In recent years, the fame of Halabja pomegranates has extended well beyond Iraq’s borders. The fruit has found lucrative markets in Dubai and other parts of the United Arab Emirates, as well as in various European countries.

Exporters have capitalized on the growing global demand for premium, naturally grown fruits, positioning Halabja pomegranates as a sought-after delicacy in international markets. This export success has not only boosted local farmers’ incomes but also helped promote the Kurdistan Region’s agricultural products on the world stage.

To celebrate and promote its unique agricultural heritage, Halabja hosts annual agricultural festivals that draw farmers, traders, and visitors from across the region and beyond. These festivals showcase the best of Halabja’s produce, including pomegranates, apples, cherries, and various vegetables and herbs.

The events provide a platform for local producers to display their goods, exchange knowledge, and foster partnerships. Cultural activities and traditional performances often accompany the festivals, highlighting the deep connection between agriculture and the community’s social fabric.

Through these festivals and ongoing export efforts, Halabja continues to strengthen its reputation as a center of agricultural excellence, preserving its traditions while embracing new economic opportunities in the global marketplace.

https://www.kurdistan24.net/en/story/85 ... his-friday
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Re: Kurdistan Economy

PostAuthor: Anthea » Wed Aug 06, 2025 10:28 pm

Kurdistan Sees Rise in Tourists

The Kurdistan Region is witnessing a steady increase in tourism, with multiple projects underway and thousands of visitors arriving from southern and central Iraq, Kurdistan’s (KRG) Board of Tourism said on Wednesday

Ibrahim Abdulmajid, spokesperson for the Board, told Kurdistan 24 that water shortages in some tourist areas have not significantly affected the flow of visitors, pointing instead to the Region’s favorable climate, variety of destinations, and overall appeal.

"As temperatures rise, the arrival of tourists from southern and central Iraq increases, because the Kurdistan Region is the first choice for Iraqi tourists," he said.

Abdulmajid noted that a tourism master plan for the Soran Independent Administration is in development and will support the growth of the sector. Several projects across the Region are currently in the implementation phase, aimed at improving infrastructure and expanding services.

To improve future planning, the Board is also working on restructuring its data collection system to record the number of tourists, their gender, nationality, and destinations visited. While official numbers for this year are not yet finalized, the general trend shows a growing influx of visitors.

Tourism in the Kurdistan Region has seen consistent growth in recent years, particularly in the summer months, when families from across Iraq seek relief from the heat. The Region’s cooler weather, security stability, cultural diversity, and school breaks have made it a popular domestic destination.

France and Germany remain among the few European countries actively promoting tourism ties with the Region. In past years, the KRG has signed agreements with travel agencies and tourism bodies abroad to attract more foreign visitors, though most arrivals are still from within Iraq.

The KRG’s long-term tourism strategy includes diversifying attractions beyond natural scenery to include cultural, historical, and religious sites, particularly in areas like Amedi, Akre, Rawanduz, and Halabja.

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Re: Kurdistan Economy

PostAuthor: Anthea » Fri Aug 08, 2025 7:52 pm

Tourists Flock to Hawraman as
Mountain Escapes Gain Popularity


ERBIL (Kurdistan24) - As the summer heat intensifies across the region, the mountainous landscapes of the Kurdistan Region are increasingly serving as a vital and sought-after sanctuary for a diverse array of visitors seeking refuge from the high temperatures and hectic pace of urban life

The scenic Hawraman area, in particular, has become a focal point for tourists—both local and from other parts of Iraq, as well as international visitors—who regard its cooler climes and breathtaking beauty as an ideal escape, providing not just physical comfort but also a profound sense of mental and spiritual rejuvenation.

The appeal of these natural resorts lies in the stark contrast they offer to the demanding environment of the city. Tourists gather in areas like Hawraman specifically to enjoy pleasant evenings away from the congestion that defines modern urban living, where temperatures are notably cooler.

One local tourist, reflecting on this essential weekly ritual, articulated a widely shared sentiment. “Though the cities are crowded, full of traffic, and people are preoccupied with their routines, when they get the chance to escape to nature on weekends, it’s truly a beautiful experience,” the visitor said. “We all need to take a day to recuperate and refresh our minds.”

This need for a temporary retreat is a powerful driver of the steady flow of people into the mountains, transforming these areas into hubs of relaxation and tranquility.

This phenomenon is well understood by those who facilitate these excursions.

Mohammed, a seasoned tour guide who has been organizing trips into Kurdistan’s natural landscapes for several years, shared his perspective with Kurdistan24. He described the restorative power of nature not just as an observer but as a personal experience. He stated that each journey leaves him feeling more refreshed and serene, a feeling he often sees reflected in his clients.

“After the exhausting routines of daily life, even for just one day, we all need time to relax and reconnect with nature,” Mohammed explained. He emphasized that this connection is a fundamental aspect of self-care, a responsibility that ultimately lies with the individual. “I believe people should take better care of themselves and spend more time in nature like this,” he added.

Furthermore, Mohammed highlighted the inclusive and social dimension of these nature excursions. The experience, he noted, transcends social and economic divides, bringing people together from all corners of society.

“What we experience here in these resorts is not exclusive to any particular social group—we have people from all walks of life joining our tours,” he said. This creates a unique environment for fellowship and community. “We come together, socialize, and meet new people.”

This social aspect adds another layer to the experience, complementing the personal introspection and relaxation. Ultimately, Mohammed concluded, the choice to seek out this balance rests with each person. “Individuals are responsible for their well-being, and only they can decide how much they need to disconnect and return to nature,” he stated.

The vivid scenes in the heart of these mountains paint a clear picture of this appeal. In the scenic Hawraman area, a group of young Kurdish tourists could be seen fully immersed in the experience, listening to classic Kurdish songs that echo through the valleys as they took in the breathtaking beauty of their surroundings and enjoyed the fresh mountain air. This combination of cultural resonance, stunning vistas, and a refreshing climate encapsulates the holistic appeal of Kurdistan's highlands.

The region’s natural advantages ensure that its allure is not confined to a single season. Kurdistan’s nature offers four distinct seasons, a characteristic that establishes it as a viable and attractive year-round destination for tourism. While the summer months draw crowds seeking to escape the heat, the other seasons offer their own unique charms. Throughout the year, Hawraman remains one of the region’s most popular attractions, consistently drawing visitors from near and far who come to witness its enduring and ever-changing beauty.

https://www.kurdistan24.net/en/story/85 ... al-respite
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Re: Kurdistan Economy

PostAuthor: Anthea » Thu Aug 21, 2025 2:28 am

Kurdistan Doubles Dairy Output

ERBIL (Kurdistan24) — Kurdistan Government’s (KRG) ninth cabinet has significantly expanded milk production projects across the Region, with current annual output reaching 285,000 tons, though the domestic market requires 500,000 tons, according to agriculture officials

On Wednesday, Firas Sadiq, Director of Livestock Resources at the KRG Ministry of Agriculture, told Kurdistan24 that six years ago, there were only 73 licensed dairy farm projects producing milk, with a total of 8,000 cows. That number has since risen to 93 projects, with 16,000 dairy cows currently in production—representing a 100 percent increase.

Sadiq explained that these projects are spread across all areas of the Kurdistan Region and have been launched during the tenure of the ninth cabinet. “The milk we now obtain from farms and villages amounts to 285,000 tons annually,” he said, adding that projections indicate the Kurdistan Region could fully meet domestic demand within four years if the newly licensed projects enter production, bringing total output closer to the required 500,000 tons.

The livestock director highlighted that one of the Region’s greatest strengths lies in its self-sufficiency potential. “Citizens are increasingly seeking local natural products with high quality, because the best product is the one produced locally,” he noted.

He further emphasized that the ninth cabinet has attached great importance to the agricultural sector, a priority expected to continue under the upcoming tenth cabinet.

In addition, Sadiq pointed out that the current KRG administration has exempted domestic production materials from customs duties, allowing dairy farmers to import necessary equipment tax-free for establishing barns and factories.

The expansion of milk production projects is part of a broader KRG policy aimed at diversifying the economy and reducing reliance on oil revenues. The KRG has introduced initiatives to strengthen nonoil sectors such as agriculture, livestock, tourism, and small-to-medium industries. These programs are designed not only to meet domestic needs but also to create new opportunities for export and investment.

In agriculture and food industries, the KRG has supported projects that make use of locally produced raw materials. Farmers have been encouraged to supply products such as fruits, vegetables, grains, and dairy for processing in local factories, which in turn produce canned food and packaged goods for Kurdistan’s markets. This strategy helps reduce imports, generate local jobs, and support rural economies.

Similarly, the livestock sector has been prioritized as part of the Region’s food security strategy. By expanding dairy farms and meat production projects, the government aims to ensure stable supplies of essential goods while protecting consumers from price fluctuations linked to imports.

Tourism is another pillar of the nonoil diversification policy. The KRG has invested in infrastructure to attract visitors to the Region’s mountains, historic sites, and cultural attractions, creating a parallel source of revenue and employment outside the energy sector.

Together, these initiatives reflect the government’s long-term vision to build a sustainable and balanced economy, where locally produced goods and services play a central role in meeting the population’s needs and boosting economic independence.

https://www.kurdistan24.net/en/story/85 ... d-security
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Re: Kurdistan Economy

PostAuthor: Anthea » Thu Aug 28, 2025 12:44 am

Red Gold of Kurdistan:
Exports on the Rise


ERBIL (Kurdistan24) — Hailed by agricultural officials as the new "red gold of Kurdistan," sumac production in the region has surged by 20 percent this year, with a projected harvest of nearly 7,500 tons and hundreds of tons already exported to Türkiye

This success, however, is tempered by the reality that plans for two dedicated processing factories remain stalled due to a financial crisis, highlighting both the immense potential and the lingering infrastructure challenges within the Kurdistan Region's burgeoning agricultural sector.

In a statement to the Kurdistan24 website on Wednesday, Ahmed Jamil, the Director General of Duhok Agriculture, announced that the area planted with sumac has reached 12,550 donums of land, with this year's total production expected to reach 7,480 tons.

The high market value of the crop has been a key driver of this growth. Mr. Jamil indicated that the price for white sumac, one of three main types produced in the region, reaches approximately seven thousand dinars per kilogram, while red sumac sells for about five thousand dinars and baliki sumac fetches between five and a half to six thousand dinars.

This strong domestic demand is complemented by growing international interest, as he confirmed that the Kurdistan Region has so far exported 665 tons of sumac to Türkiye this season.

Despite this clear success in cultivation and initial exports, the full potential of the sector remains unrealized.

Jamil noted that a decision had previously been made to build two sumac factories within the borders of Duhok and Akre provinces. However, these crucial infrastructure projects, which would allow for value-added processing and greater market stability, have not yet been implemented due to financial constraints.

This stands in contrast to developments in other parts of Duhok’s agricultural landscape, where similar challenges have been overcome.

The focused development of sumac is part of a broader, region-wide agricultural revival driven by the Kurdistan Regional Government's (KRG) ninth cabinet under Prime Minister Masrour Barzani.

The administration has prioritized agricultural reform to diversify an economy historically dependent on oil revenues. This strategy has been particularly visible in Duhok province, which is also Iraq’s top grape producer.

As previously reported by Kurdistan24, officials there are anticipating a 60,000-ton grape harvest this year, with the long-standing problem of selling surplus produce now being solved by the establishment of new processing factories. Mr. Jamil confirmed that a juice factory in the Mangesh area is now complete, providing farmers with a stable market for a product that once overwhelmed local demand.

The successful export of sumac fits into a larger pattern of the KRG expanding its agricultural footprint beyond its borders.

According to Hemin Sayed Murad, Director General of Agriculture in Erbil, the Kurdistan Region is exporting more than 3,000 tons of local produce daily, including tomatoes, onions, and cucumbers, to markets in federal Iraq and beyond.

This export drive is a core component of the KRG’s economic diversification plan, which has also seen initiatives like the Kurdistan Agriculture Export Initiative (KAEI) successfully send pomegranates, apples, and honey to Gulf and European markets.

While the thriving sumac fields demonstrate the success of boosting cultivation and finding export channels, the stalled factories serve as a critical reminder that developing robust, local processing infrastructure is the essential next step to fully capitalizing on Kurdistan's agricultural wealth.

https://www.kurdistan24.net/en/story/86 ... n-the-rise
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Re: Kurdistan Economy

PostAuthor: Anthea » Mon Sep 15, 2025 3:37 pm

Stability Draws Growing
International Investment


Kurdistan is increasingly positioning itself as a pillar of stability and a vital diplomatic and economic partner in the Middle East, even as much of the wider region grapples with ongoing turmoil. Its strategic location, balanced foreign policy, and commitment to peace are drawing heightened international attention and investment

Governments and companies worldwide are not only maintaining but actively expanding their engagements with the Region, underscoring confidence in its ability to remain an anchor of predictability in a turbulent neighborhood.

US Deepens Strategic Partnership

The United States continues to lead in developing ties with the Kurdistan Region. In May 2025, Kurdistan Region Prime Minister Masrour Barzani visited Washington, D.C., where he oversaw the signing of two major energy agreements at the US Chamber of Commerce. These deals aim to strengthen the Region’s energy infrastructure and benefit millions across both the Kurdistan Region and Iraq.

On September 9, a large US Chamber of Commerce delegation, led by Vice President Steve Lutes, visited Erbil to discuss strategic infrastructure projects. The group expressed strong support for initiatives including the “My Account” financial reform program and the “Runaki” renewable energy project.

Japan Invests in Key Infrastructure

Japan is also expanding its footprint in the Kurdistan Region. On the same day, Japanese Ambassador Endo Akira announced a $195 million wastewater treatment plant project with Itochu, a leading Japanese company.

Expected to take three years, the project is seen as vital for public health, environmental protection, and agricultural sustainability, with further Japanese investment anticipated.

UAE Forges Strategic Alliance

The United Arab Emirates is pursuing a deeper partnership with Erbil, reflecting its growing role as a regional economic force. On September 11, UAE Minister of State and Special Envoy for Economic Affairs Saadi Mubarak Al-Hajri led a delegation to meet Prime Minister Barzani and other senior officials. The appointment of a dedicated UAE envoy to the Kurdistan Region highlights Abu Dhabi’s intent to strengthen cooperation across economic and political spheres.

Thailand and Netherlands Expand Ties

Beyond major powers, other nations are also expanding relations. Thailand’s Ambassador Supark Prongthura visited Erbil on September 8, expressing his government’s commitment to enhancing trade, economic partnerships, and scientific cooperation with Kurdish universities.

The Netherlands, meanwhile, is reinforcing its already strong ties. Christoph Prommersberger, Chargé d’Affaires of the Dutch Embassy, highlighted robust economic relations during a visit earlier this month.

A Dutch business delegation is expected soon to explore further opportunities in trade and investment, with Dutch officials praising the Region’s development, culture of coexistence, and humanitarian record in hosting displaced persons.

A Growing International Role

The Kurdistan Region’s expanding diplomatic and economic engagements with the US, Japan, UAE, Thailand, and the Netherlands underscore its rising importance as a hub for stability and growth.

In contrast to the volatility of its surroundings, Erbil is being recognized as a model for protecting rights and freedoms, advancing free-market reforms, and offering international partners a reliable gateway into Iraq and the wider Middle East.

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Re: Kurdistan Economy

PostAuthor: Anthea » Tue Sep 16, 2025 10:50 pm

Kurdistan Outperforms Iraq in
Regional Efficiency, Spending


A striking contrast emerges when comparing Iraq’s federal administration with the Kurdistan Government (KRG), particularly in the field of electricity and infrastructure management

While Baghdad allocates immense funds to its ministries, the Kurdistan Region demonstrates efficient use of a comparatively smaller budget to deliver tangible results for its citizens.

Official sources told BasNews that Iraq’s federal budget for the years 2023, 2024, and 2025 was approved in 2023 at $153 billion per year. In 2024, expenditures exceeded this amount, reaching $161 billion. From this total, the Kurdistan Region’s share was officially calculated at $14 billion, representing 12.67% of the total after deducting Baghdad’s sovereign expenditures. However, in reality, the region has rarely received the full allocation.

Meanwhile, the Iraqi Ministry of Electricity alone receives $13.5 billion annually, nearly matching the entire budget share allocated to the Kurdistan Region. Despite this, Baghdad and other cities under federal control continue to experience severe power outages.

During peak summer temperatures, which can exceed 50 degrees Celsius, residents rely heavily on neighborhood generators that struggle to operate continuously. Frequent blackouts have become a major public grievance, affecting households, businesses, hospitals, and schools. In some areas, residents are forced to spend large sums on private electricity solutions, highlighting the inefficiency of federal planning and execution.

In contrast, the Kurdistan Region, with a budget comparable in size to that of Baghdad’s electricity ministry but significantly smaller in practice, has successfully provided uninterrupted electricity for all citizens and businesses across its territory of over 40,600 square kilometers.

Today, more than four million residents and 90,000 commercial establishments benefit from 24-hour power, a result of careful planning and investment in economic infrastructure rather than mere expenditure on electricity alone. Over the past decade, the KRG has invested in modern power plants, transmission lines, and renewable energy projects, reducing dependence on diesel generators and ensuring reliable electricity even during periods of high demand.

The KRG has also undertaken a major program to phase out inefficient diesel generators. To date, over 3,000 neighborhood generators have been shut down, with plans to remove a total of 7,000 by the end of 2026. By that time, all four provinces—Erbil, Sulaymaniyah, Duhok, and Halabja—are expected to enjoy full and continuous electricity coverage. Officials have emphasized that this approach is part of a broader strategy to modernize the region’s infrastructure, attract foreign investment, and improve quality of life for residents.

Experts note that the disparity between Baghdad and Erbil reflects deeper structural and administrative issues. While Iraq’s federal government faces bureaucratic delays, corruption, and inefficient allocation of funds, the KRG has prioritized transparency, long-term planning, and project execution. This approach has not only improved energy services but also fostered economic growth, with private sector investment flourishing due to the reliability of basic services like electricity and roads.

An Iraqi presenter highlighted the contrast, stating: “Once again, the numbers prove that planning and vision triumph over excessive and unplanned spending, even if we set aside the numerical interpretations for a moment. Thus, the Kurdistan Region has proven it with numbers.”

The comparison underscores the broader challenges facing Iraq’s federal system, where high budgets do not necessarily translate into effective service delivery, while the Kurdistan Region’s careful management demonstrates how strategic planning can yield substantial improvements in living standards and public services. With the region continuing to invest in infrastructure and technology, observers say the KRG could serve as a model for improving governance and public service delivery across Iraq.

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Re: Kurdistan Economy

PostAuthor: Anthea » Fri Sep 26, 2025 2:16 pm

From Akre's Groves, a New Olive Harvest

The olive harvest in Akre, home to over 350,000 trees, marks a successful season and highlights a broader, KRG-backed agricultural boom across the Kurdistan Region, transforming the land, boosting the local economy, and re-establishing an ancient and resilient crop for a modern market

ERBIL (Kurdistan24) – The late September sun casts long shadows across the rolling hills of Akre, where the air is thick with the earthy scent of ripe olives. Here, amidst groves that stretch across the landscape, Nechirvan Fayeq’s hands move with a practiced rhythm, carefully plucking the plump, green fruit from branches that have been nurtured for years.

His work, and that of countless other farmers in the district, marks the beginning of a harvest that is more than just an annual agricultural ritual; it is the tangible result of a quiet revolution taking root across the Kurdistan Region, one that is transforming the land, diversifying the economy, and reconnecting a new generation of farmers to an ancient and resilient crop.

    In an interview with Kurdistan24 correspondent Ari Hussein, Nechirvan Fayeq explained the careful timing of his work
"We started harvesting olives two weeks ago," he said, gesturing towards the trees around him. "Our type of olive is for eating, not for oil. We will continue until October and November, then we will start harvesting the oily olives."

This distinction is at the heart of Akre's burgeoning olive industry, a sector that has grown to include over 350,000 olive trees planted across an area of 13,000 dunams, according to data from the Akre Agriculture Directorate.

The spokesperson for the directorate confirmed to Kurdistan24 that the region’s climate is exceptionally well-suited for the crop and that local farmers are paying careful attention to its cultivation. This year’s produce has ripened beautifully, and the district is now a hive of activity as the harvest gets into full swing, with an expected annual production of three thousand tons.

Supervising engineer Salih Omar elaborated on the process, telling Kurdistan24, "The type that we are currently harvesting is mostly for eating, which is called (Khastawi), and we also have the oily type." For now, he announced, "Most of our production this year is for the domestic markets of Kurdistan and Iraq."

The thriving groves of Akre are a powerful local manifestation of a much broader, region-wide agricultural shift, a trend that has been gaining momentum through the dedicated efforts of individual farmers and the strategic focus of the Kurdistan Regional Government (KRG).

A report from the Kurdistan Chronicle details the experiences of farmers like Abdullah Sadiq, a 60-year-old from the Sharazoor district who has been cultivating olives for two decades. His story illuminates the crop's appeal; he explained that unlike many other agricultural products, olive trees require minimal care and are remarkably resilient, able to withstand the often harsh weather conditions of the region.

His own 60 trees yield around 500 kilograms of olives annually, a testament to their reliability. The growing interest is also evident in the story of Zahir Ali, a 62-year-old farmer in Sulaymaniyah who, after traditionally focusing on pomegranates and figs, has recently established an olive nursery to meet the rising demand, a clear signal of the crop's increasing popularity.

This embrace of olive cultivation is not merely a matter of agricultural preference but a strategic adaptation to changing environmental and economic realities. The Kurdistan Chronicle notes that as climate change alters traditional farming patterns, some farmers have recognized the potential of olive trees, which have a long and storied history in the wider region, particularly in Western Kurdistan.

Burhan Ahmad, a farmer from Kirkuk, highlighted the multifaceted value of the crop, emphasizing not only its culinary uses but also its medicinal properties. Having recently planted 70 trees and witnessed a steady increase in their yields, he expressed his belief that Kurdish farmers should look towards exporting their products, capitalizing on the high quality that comes from the region's largely untouched natural environment and minimal use of pesticides.

This groundswell of interest from individual farmers is being met with a robust, top-down strategy from the KRG's ninth cabinet, which has made the agricultural sector a key priority. In a statement to Kurdistan24, Helkewt Abdulrahman, the General Director of Horticulture, Forestry, and Pastures, revealed the impressive scale of this expansion.

The Kurdistan Region is now home to 1.5 million olive trees, which produced 1,800 tons of olives in 2023. This growth has been supported by the establishment of seven specialized olive oil production factories, which together employ 1,350 farmers, creating a vital economic ecosystem around the crop.

Professor Shler Shekhani, a forestry and gardening specialist, explained to Kurdistan24 the unique advantages the region possesses. "The Kurdistan Region’s soil is very apt for olive cultivation, and its trees are short, allowing for dense planting and quick fruit production," she said.

The region cultivates several outstanding varieties, including Sourani, Souri, and Arbequina, which are renowned for their high oil content and exceptional quality, making Kurdish olive oil an increasingly sought-after commodity.

According to Professor Shekhani, the region now boasts more than 1,500 olive orchards, with 350 in the Erbil governorate, 300 in Sulaymaniyah, and the rest spread across Duhok, Akre, Sheikhan, Halabja, Rania, and Germian.

The journey from the groves of farmers like Nechirvan Fayeq to the consumer's table often passes through state-of-the-art facilities like the Rasan olive oil factory. As detailed by the Kurdistan Chronicle, the factory, established in 2018 by the Halabja Group, has become a cornerstone of the industry. Payam Saywan, the 34-year-old director of Rasan, asserts that it is Iraq's foremost olive oil producer by volume, with a remarkable daily output of 120 tons and an annual capacity of 150,000 liters.

The factory processes olives from across the Kurdistan Region, and its stringent quality control measures ensure a premium product. While 60% of its olives are sourced locally, the remaining 40% are imported, highlighting a key challenge: local production, though growing rapidly, has yet to meet the surging industrial demand.

Despite this supply gap, the industry's success is undeniable. Rasan's olive oil is distributed throughout Iraq and the Kurdistan Region, and with the crucial support of the KRG in facilitating international trade, the factory has begun exporting to Germany and the United Kingdom, with negotiations underway to enter the Norwegian market.

This success is reflected in a substantial increase in sales, from 27,000 liters in its first year to a projected 150,000 liters this year. To address the local supply shortage and create a self-sustaining production cycle, Rasan has established its own modern olive tree nursery, cultivating high-yield varieties specifically suited to the region's climate.

This synergy between dedicated farmers, innovative businesses, and a supportive government is fostering a thriving olive industry that holds immense promise. It represents a significant step towards economic diversification, reducing reliance on single sectors and building a more resilient, sustainable economy. Beyond the economic benefits, the flourishing olive groves contribute to the greening of the landscape, aligning with broader environmental goals.

As the harvest continues in Akre and across the Kurdistan Region, each olive picked is a symbol of a deeper cultivation—the cultivation of new opportunities, the nurturing of economic independence, and the growth of a greener, more prosperous future for all of Kurdistan.

https://www.kurdistan24.net/en/story/86 ... -kurdistan
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Re: Kurdistan Economy

PostAuthor: Anthea » Mon Sep 29, 2025 11:36 pm

Hawraman Harvest: Families
Unite for Walnuts and Tradition


ERBIL (Kurdistan24) — As autumn settles over the scenic highlands of Hawraman in the Kurdistan Region, families gather in orchards and along mountainsides to harvest one of the area’s most prized agricultural products: Hawraman walnuts

The harvest season, which typically peaks in late September and October, is not only a significant source of income for local farmers but also a celebrated cultural tradition passed down through generations.

Amid the tall trees and terraced orchards, men, women, and children work together to gather the walnuts, carefully shaking branches to release the ripe nuts onto prepared nets or tarps.

Farmers often space the trees between four to six meters apart to allow the nuts to fall safely and reach the highest branches. Traditional wooden poles are used to reach walnuts that grow higher on the trees.

Azad Tawfiq, a local resident, told Kurdistan24 that careful attention is needed during the harvest.

“We use long wooden sticks, sometimes from the elder trees we have nearby. When we reach the highest branches, we have to be extremely careful because there are no safety measures, and some trees are old and fragile,” he explained.

The arrival of the fall season and the peak of the walnut harvest bring families together in a communal effort, with women in Hawraman actively participating in cleaning the orchards, shaking the trees, and collecting the nuts.

This cooperative work reflects the region’s traditional practices, making the harvest both productive and socially significant.

Ahwan Abdullah, another resident, said that harvesting walnuts requires coordination between men and women, from preparing the orchard and shaking the nuts to gathering and sorting them afterward.

“It is a collective effort. Everyone works together to ensure the harvest is successful and the orchard is well maintained,” he said.

Hawraman is widely recognized as one of the most fertile areas in Kurdistan. Beyond its appeal as a tourist destination with its picturesque mountains and valleys, the region produces a variety of agricultural products, including walnuts, plums, pears, and figs.

The walnut harvest, in particular, has both economic and cultural significance, sustaining families and preserving local agricultural traditions.

As the season progresses, the sight of families working together under the autumn sun serves as a reminder of Hawraman’s rich heritage and the enduring importance of communal farming practices in sustaining both livelihoods and local culture.

Walnuts are one of Hawraman’s most valuable crops, providing both a crucial source of income and a symbol of the region’s agricultural heritage.

Harvested in autumn, they are sold locally and across Kurdistan, supporting countless families and contributing to the local economy.

Culturally, walnut harvesting is a communal activity that brings together multiple generations, fostering cooperation and reinforcing social bonds.

The work of preparing orchards, shaking the trees, and collecting nuts is often shared among men and women, reflecting a long-standing tradition that blends economic necessity with community values.

https://www.kurdistan24.net/en/story/86 ... ut-picking
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Re: Kurdistan Economy

PostAuthor: Anthea » Thu Oct 02, 2025 7:04 pm

Kurdistan is Key Hub in $17 Billion
Turkey–Iraq Trade Exchange


ERBIL — The President of the Erbil Chamber of Commerce and Industry announced that annual trade turnover between Turkey, Iraq, and Kurdistan has reached approximately $17 billion

Speaking at the 16th Turkish-Arab Economic Forum, Gaylan Haji Saeed highlighted the depth of economic ties between the Kurdistan Region and Turkey.

“We have very good relations with the Republic of Turkey in all sectors of the economy, especially trade exchange,” Saeed said.

According to him, the vast majority of trade between Turkey and Iraq—estimated at $17 billion—passes through the Ibrahim Khalil International Border Crossing in the Kurdistan Region, underscoring its strategic value as a central commercial hub.

Saeed further noted that Turkey holds the largest share among foreign companies and investors operating in the Kurdistan Region, spanning sectors such as construction, infrastructure, retail, and manufacturing.

Expressing optimism over future prospects, he called on more Turkish businesses to capitalize on the expanding economic landscape in the Kurdistan Region.

“There are many foreign companies and investors in the Kurdistan Region, and Turkey has the lion’s share in all sectors,” he reiterated.

Turkey is currently one of Iraq’s—and by extension the Kurdistan Region’s—largest export partners, with strong trade flows in food products, construction materials, and manufactured goods. Economic cooperation between the two countries has steadily grown over the past decade, driven by geographic proximity and mutual market needs.

In a further sign of strengthening ties, Baghdad and Ankara agreed in early August to establish a joint Iraqi-Turkish customs committee aimed at enhancing coordination between customs authorities. The initiative is expected to streamline border procedures and facilitate faster movement of goods through official crossings.

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Re: Kurdistan Economy

PostAuthor: Anthea » Sun Oct 05, 2025 11:19 am

Migration a Global Responsibility
Youth Urged to Stay


Kurdistan Interior Minister Reber Ahmed on Sunday stressed that migration is a global responsibility requiring long-term solutions, urging the youth not to leave but to contribute to the development of Kurdistan through their skills and capabilities

Speaking at the first Migration Compact Dialogue in Kurdistan, Ahmed said the initiative “reflects our partnership to advance migration governance through collaboration and discussion.”

He underlined that migration is not merely a regional or national issue but one that requires a comprehensive governmental approach and cooperation between the Kurdistan Government (KRG) and Iraq’s federal authorities.

    Recalling Kurdistan’s history of forced displacement under successive Iraqi regimes, Ahmed said the post-2003 era saw a reverse wave of migration, as thousands of families and professionals returned to their homeland during the Region’s economic boom
He also highlighted the return of many Kurdish youth and veteran Peshmerga from Europe during the ISIS war to defend their homeland.

The minister praised the KRG’s ninth cabinet for creating job opportunities and prioritizing citizens in government projects. He pointed to agricultural development, digital service initiatives such as “My Account,” and restrictions on foreign workers as measures to strengthen infrastructure and reduce migration. Private sector companies, he said, are now required to allocate 75% of jobs to local workers.

Appealing to the international community and Iraq’s federal government, Ahmed called for greater support in strengthening services, ensuring peace, and protecting the Kurdistan’s constitutional status.

He also urged host countries not to forcibly repatriate Kurds without residency rights and pressed Baghdad to honor its constitutional obligations, including financial entitlements to the region.

Directing his remarks to the youth of Kurdistan, Ahmed said: “I call on the youth of Kurdistan not to take the path of illegal migration, because there are many dangers on the way. Instead of migrating, develop your capabilities and participate in the development of Kurdistan.”

Also addressing the dialogue, Sarwa Rasul, Director General of the Joint Crisis Coordination Centre (JCC) at the Interior Ministry, highlighted the KRG’s progress in migration governance, emphasizing safe and organized migration policies.

She noted that the International Organization for Migration (IOM) in May recognized Kurdistan’s governance standards, which include protecting migrants’ rights, promoting safe migration, and strengthening partnerships.

Rasul further stressed that Kurdistan has become an active partner in international migration policy forums, including its membership in the Migration Policy Development Institution under the EU High Commission — a position shared in the Middle East only with Egypt.

Analysts say the dialogue underscores Kurdistan’s attempt to frame migration management not just as a local challenge, but as part of a wider global conversation.

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