Business

Brent Crude Returns Above $84 as Supply Risks Persist

Oil prices edged higher on Tuesday after suffering sharp losses in the previous session. Renewed concern about possible disruptions to Middle Eastern supplies supported the rebound, while prospects for...

Salary Funds Expected to Reach Kurdistan Region by Mid-Next Week

A senior source in Baghdad says no legal or political obstacles remain to transferring salaries for public employees...

SOMO: Kurdistan Region Oil Output Falls to 20,000 Barrels per Day

Oil production in the Kurdistan Region has fallen from 230,000 barrels per day to only 20,000 because of...

Genel Energy Reports 66% Drop in Tawke and Peshkabir Oil Output

Genel Energy reported a 66.3% decline in combined oil production from the Tawke and Peshkabir fields during the...

Gold Prices Rise Above $4,050 per Ounce

Gold prices edged higher on Tuesday and remained above $4,050 per ounce as investors weighed renewed US-Iran tensions...
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Iraq Resumes Oil Exports Through Kurdistan Region Pipeline

Iraq has officially resumed exporting oil through the Kurdistan Region pipeline. The process started with shipments of Kirkuk oil, reaching about 250,000 barrels per...

Trade and Tourism Activity Resume at Kurdistan Region Border Crossings

Trade and tourism movement has resumed at key border crossings between the Kurdistan Region and Iran after a 15-day suspension caused by security tensions...

Kurdistan Tourism Companies Report Zero Ticket Sales for 15 Days Amid Airspace Closure

Tourism companies in the Kurdistan Region say the airspace closure has severely damaged the travel sector. Industry representatives say travel agencies have not sold...

Kurdistan Sees Sharp Decrease in Vegetable and Fruit Prices as Iran Reopens Border Crossings

Border crossings between the Kurdistan Region and Iran reopened after several days of disruption. This move stabilized food supplies and pushed down vegetable and...

Parviz Khan Border Crossing Reopens for Trade Between Kurdistan Region and Iran

The Import and Export Union announced late Wednesday night that the Parviz Khan Border Crossing has reopened for commercial activity. The reopening allows cargo...

Brent Oil Prices Rise Above $100 as Global Markets Face Supply Concerns

Global oil prices surged on Thursday, with Brent Crude Oil climbing above $100 per barrel after a sharp increase of more than 8%. The...
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