Economy

Kolbar Trade Resumes at Haji Omaran Border Crossing After Three-Month Halt

Kolbar trade has resumed at the Haji Omaran border crossing after nearly three months of suspension. Hundreds of couriers now cross the border daily under new rules. The reopening...

Iraqi Dinar Continues to Drop Sharply as 100 Dollars Exceeds 160,000 Dinars

The Iraqi dinar weakened further on Monday. The exchange rate moved sharply in Kurdistan Region markets. By midday,...

Oil Prices Fall Below $80 as Hopes of Higher Supply Weigh on Markets

Oil prices fell on Monday after fresh diplomatic developments raised hopes of increased crude exports and higher global...

LPG Prices Fall Sharply in Kurdistan, Household Gas Cylinder Refill Drops to 10,000 Dinars

The price of liquefied petroleum gas (LPG), commonly known as household gas, continues to decline across the Kurdistan...

Gold Prices Rise by Nearly $50 Per Ounce as Geopolitical Developments Support Market

Gold prices rose on Monday, the first trading day of the week. The precious metal recovered part of...
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Gold Drops Nearly $30 as Rising Oil Prices and Inflation Concerns Weigh on Markets

Gold prices dropped sharply on Monday. The metal lost nearly $30 per ounce. The move came as oil prices rose and the U.S. dollar...

Kurdistan Begins Registering Thousands with Special Needs for MyAccount Program

Authorities in the Kurdistan Region have started registering thousands of people with special needs in the MyAccount banking system. The program aims to improve...

Kurdistan Region Salaries to Begin Distribution on Tuesday After Baghdad Approval

Public sector salaries in the Kurdistan Region will begin distribution on Tuesday after Iraq’s federal Ministry of Finance approved April payments. This step follows...

No Final Agreement Yet on ASYCUDA Customs System Between KRG and Baghdad

A senior official from the Kurdistan Regional Government (KRG) said Erbil and Baghdad have not reached a final agreement on the ASYCUDA electronic customs...

Kurdistan Region Transfers Over 50 Billion Dinars in Non-Oil Revenues to Baghdad

The Kurdistan Region transferred more than 50 billion Iraqi dinars in non-oil revenues to the federal government in Baghdad, the Ministry of Finance and...

Kurdistan Region Draws Over $46 Billion in Investment’s Since 2006

The Kurdistan Region has attracted more than $46.4 billion in investment over the past 20 years, according to new figures from the Kurdistan Region...
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