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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Baghdad Allocates Over 12 Billion Dinars for Wheat Farmers in Kurdistan Region

Iraq’s Ministry of Trade has approved 100 billion Iraqi dinars for farmers across the country. More than 12 billion dinars will go to wheat...

Gold Prices Expected to Rise by $200 per Ounce by End of Month, Economists Say

Economic experts predict that the price of gold could rise by $200 per ounce before the end of this month, driven by global financial and political...

Kurdistan Non-Oil Revenue Ready as Salary Payments Expected This Week

The Kurdistan Regional Government (KRG) has completed collecting April’s non-oil revenues and now waits for Baghdad’s final approval to release public sector salaries. The Ministry of Finance...

Three Car Manufacturing Plants to Launch in Kurdistan Region

The Kurdistan Regional Government (KRG) is advancing plans to establish three automobile manufacturing projects in partnership with Chinese companies. The move aims to expand industrial capacity,...

KRG Returns 3.2 Billion IQD to Citizens Through Electricity Discount Program

The Kurdistan Regional Government has returned 3.2 billion Iraqi dinars to citizens through its electricity discount plan. The Ministry of Electricity announced the refunds on...

New 100-Dollar Scam Spreads in Currency Markets, Authorities Warn Citizens

A new type of fraud involving damaged 100-dollar bills has emerged in currency exchange markets, prompting warnings to the public. Officials say scammers are...
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