German minister due in Erbil next week to buttress ties

Erbil, Jan.28 (AKnews)- A Kurdish official said next week the German Development Minister Dirk Niebel, accompanied by a delegation, will arrive in the Kurdistan Region while he expected a protocol of cooperation will be signed between the Kurdish and German sides. The head of the Kurdistan Chambers of Commerce and Industry, Dara Jalil Khayyat, told AKnews early next week the 16-member German delegation will arrive in Kurdistan for a two-day visit. A number of banking experts, the representatives of the German development ministry and chambers of commerce are in the team. The group will meet with the Kurdistan bank officials as well as the private sector companies to boost up the economical and trade relations with Kurdistan, above all cooperation for governmental and private banking systems. During the visit a protocol between the Kurdish and the German chambers of commerce will be brokered, Khayyat added. Germany is one of the 18 countries which have opened their consulate offices in the Kurdistan Region.

The frequent visits by the foreign top governmental delegations to Kurdistan are usually aimed at reinforcing ties with the semi-autonomous Region, which enjoys relative security compared with the rest of Iraq.

Reported by Saman Ali
Lh/AKnews

Kurdistan’s Booming Economy

Source

11,496 companies function in Kurdistan

Erbil, Jan.4 (AKnews)- The number of the registered companies in the Kurdistan Region amounts to over 11,000 companies.
Twana Ahmed, the media secretary for the Kurdistan Region’s Council of Ministers applauded the Region for attracting the foreign investors and encouraging the local businessman, describing its policies “successful.”

Ahmed told AKnews according to the latest official figures some 11,496 companies, foreign and local, have put their assets into investment in various fields of the Region.