
GKP Annual Report 2024
By John Lee.
Gulf Keystone Petroleum (GKP) has issued its Annual Report and Accounts for 2024.
Click here to download the full report .
To browse our comprehensive library of reports on Iraq, click here.
(Source: GKP) Tags: featured, GKP, Gulf Keystone Petroleum

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Iraq Business
10 hours ago
- Iraq Business
Al-Mathar Group Acquires 4 Corners Creative Agency
By John Lee. Baghdad-based advertising firm 4 Corners Creative Agency has announced that it has been acquired in full by Al-Mathar Group, marking what it describes as, " a strategic step aimed at supporting the agency's growth and strengthening its position in both the local and regional markets. " 4 Corners was founded in 2016 by Ameer Alaa. Under the agreement, the agency's current leadership will assume advisory roles, while a new executive team will focus on innovation, regional expansion, and strategic partnerships. Al-Mathar Group, established as an engineering business in 2004, said the acquisition reflects its strong belief in the potential of Iraq's creative sector and its commitment to investing in local brands with regional impact. The group expressed its vision to transform 4 Corners into a regional hub for excellence in advertising and marketing. (Source: 4 Corners) Tags: 4 Corners Creative Agency, advertising, Al-Mathar Group, cg, featured


Iraq Business
10 hours ago
- Iraq Business
Iraqi Private Sector Faces Four Key Challenges, Says Professor
By John Lee. The Iraqi private sector confronts significant obstacles that must be addressed to unlock the country's economic potential, according to Professor Frank Gunter of Lehigh University, speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London recently. Professor Gunter identified four critical challenges hampering private enterprise development in Iraq: Finance: Iraqi businesses struggle to access basic financial services including cross-country bill payments and funding. "The first source of funds is family, not a bank, not a loan, not a venture capitalist," Professor Gunter noted, emphasising that this reliance on family financing must change for sustainable growth. Education: The country faces challenges in both quantity and quality of education. Iraq had been making progress in reducing illiteracy until ISIS disrupted educational systems between 2014 and 2017, forcing many out of schools and creating refugee populations. The professor stressed the need to eliminate illiteracy, particularly among older workers, whilst improving educational quality to meet private sector demands for engineers and scientifically-trained personnel rather than bureaucrats. Infrastructure: Basic infrastructure remains deficient, with Iraq lacking reliable 24-hour electricity despite two decades of substantial investment spending. Regulatory Environment: This emerged as perhaps the most damaging constraint. Professor Gunter cited a recent World Bank study examining 50 countries, which found Iraq ranking last among 16 nations with similar economic development levels for regulatory quality. Even when compared to all 50 countries studied-including those with lower development levels and nations experiencing civil wars-Iraq ranked 45th. The findings suggest substantial reform will be required across multiple sectors to create a conducive environment for private enterprise in Iraq.


Iraq Business
a day ago
- Iraq Business
'Visit Kurdistan' Platform is launched; 20m Tourists by 2035
By John Lee. Iraqi Kurdistan's 'Visit Kurdistan' platform was formally launched on Tuesday. The private-sector-led initiative is focused on advancing the Kurdistan Region's tourism sector and attracting international visitors. During the event, KRG Prime Minister Masrour Barzani delivered a speech in which he emphasized that the KRG, as part of its development agenda across all sectors, places particular importance on tourism. He noted that attracting foreign tourists to the Kurdistan Region provides an opportunity for cultural exchange and greater international visibility. The KRG aims to attract 20 million international tourists by 2035. Click here to visit the Visit Kurdistan platform. The following is the full text of PM Barzani's speech: Distinguished guests, Good evening. I am pleased to be with you today at this event marking the launch of the Visit Kurdistan platform. I congratulate the organizers and all involved in this effort and wish them continued success. This initiative is another step toward increasing the visibility of Kurdistan abroad and attracting more international tourists to our region. Within the KRG's broader vision to support all sectors, we place great importance on the tourism sector. Kurdistan has the foundations to become a leading tourism destination and an important source of revenue and employment for our youth. With its stunning natural landscapes, Kurdistan offers something for every season. Historically, our region is home to more than ten significant sites and landmarks - religious, cultural, and historical - that are of great interest to both domestic and international tourists. From ancient mosques and churches to sacred sites and monasteries, Kurdistan represents a rich mosaic of religious coexistence and cultural diversity. Sites like Shanidar Cave and the Erbil Citadel are internationally renowned. As the cradle of Mesopotamia, our land holds stories from the epic of Gilgamesh to the battle of Gaugamela and the visit of Alexander the Great. Welcoming international visitors to Kurdistan offers a unique opportunity for cultural exchange and elevates our region's global profile. In today's digital age, media and social platforms play a powerful role in helping the world discover Kurdistan. The KRG's goal is to attract 20 million international tourists by 2035 through strategic public-private cooperation. Visit Kurdistan stands as an example of how both sectors can work together to strengthen our economy through tourism. Dear guests, As you know, we are holding this event at a time when the federal government has unjustly and unlawfully suspended the salaries of the people of Kurdistan. This is part of a broader political pressure campaign to hold our region back from progress and prosperity. Let me be clear: these efforts will not succeed. The people of Kurdistan have endured far worse and have never surrendered their constitutional rights - and they will not now. We have faithfully upheld our constitutional obligations - now we expect Baghdad to do the same. Unfortunately, they not only disregard the constitutional rights of the people of Kurdistan Region, but also the very agreements they themselves signed. Baghdad must recognize that Iraq is a federal country, and the Kurdistan Region is a constitutional entity. The federal government must deal with the Kurdistan Region within this framework - not through centralization and collective punishment, which history has shown only leads to destruction and division. We hope Baghdad reconsiders its policies and stops undermining the legal and rightful entitlements of the people of Kurdistan Region. These policies serve no one's interests. We remain committed to resolving this crisis. We hope to reach a fair and sustainable outcome that benefits all. Once again, I congratulate you all on this important platform, and I thank everyone involved. May our country continue to prosper. (Source: KRG)