Iraq’s Kurds plan to start pumping oil to Turkey next month via a pipeline controlled by the central government in Baghdad, signaling an easing of their dispute over resources, according to two people familiar with the plan.
More than 200,000 Syrian Kurdish refugees have moved into Iraqi Kurdistan. They have crossed an international border to be sure, yet it is, in the Kurdish world view, a passage from one part of their homeland to another. The Kurds disregard these frontiers, imposed on the Fertile Crescent almost a century ago by Anglo-French power.
Faruk Mustafa Rasool first saw a mobile phone in 1998 while he was lying in a London hospital bed recovering from quadruple heart bypass surgery. Ignoring his doctors’ advice to rest, he started figuring out how to bring the device to his native Iraq.
Iraqi Kurdistan canceled a 55 billion dirham ($15 billion) real estate project by Damac Properties, the Dubai-based developer, because the company never started work after the global financial crisis, The National reported, citing a Kurdish official.
The United Arab Emirates will double its current investment in Iraq’s semi-autonomous Kurdistan region to $6 billion by 2013, said Abdullah bin Ahmed al-Saleh , director general in the emirates’ Ministry of Foreign Trade.
Iraq, after eight years of occupation by American troops, is luring U.S. hotel operators and developers betting on growth from business expansion and an eventual pickup in leisure travel to the war-torn region.
Genel Energy Plc Chief Executive Officer Tony Hayward, the former head of BP Plc, expects a pipeline transporting oil from Iraqi Kurdistan to the Turkish border to be completed by about the middle of the year.