Arbil has resoluted longstanding arbitration cases with energy firms to 2,3 billion USD. With this agreement, Erbil agrees to pay 1 billion USD to companies immediately. Where as remaining 1,3 billion USD will be paid by increasing the company share in agreement to 22% to 78% KRG share.
Prior to referendum, this has demonstrated Arbil's financial strength. However the situation might be deceptive. Source; RUDAW
Mehmet Hakan Atilla, executive at majority state-owned Halkbank, convicted in case that fueled diplomatic tensions between US and Turkey. A US jury has found a Turkish banker guilty of helping Iran
Inflation increased by 0.69 percent in December 2017, but end at 11.92 percent at the end of 2017. Accordingly, civil servants and pensioners will receive an additional additional rate of 1.69
Iran has reopened the two remaining land gates with the Kurdistan Region it had closed more than two months ago after Kurdistan's vote for independence. Tehran closed the Parviz Khan and
The US authorities have decided to withhold $255 million in military aid to Pakistan after US President Donald Trump's critical remarks. the Pakistani Foreign Ministry summoned US Ambassador to
Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia. Both companies already sell products in Saudi Arabia via third parties but they and other global tech giants
GOLDMAN SACHS has said it has not 'chosen Dublin' as its new home of European asset management but that it is 'considering' its post-Brexit options. The Financial Times is reporting