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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Air Travel in Kurdistan Region Gradually Recovers with Around 15 Daily Flights

Air travel in the Kurdistan Region is gradually recovering, and airports now handle around 15 flights each day after Iraqi airspace reopened. Recent reports show...

Kurdistan Requets Iraq Increase Wheat Purchase to Over One Million Tons

The Ministry of Agriculture in the Kurdistan Region has sent two official letters to Iraq’s Prime Minister and President. These letters urge Baghdad to...

Chemical Fertilizer Prices Dropped Sharply After Strait Reopens

The global price of chemical fertilizer has dropped significantly, offering relief to farmers after weeks of volatility. The price of urea—one of the most commonly...

April Salary List Heads to Baghdad as Kurdistan Nears Final Review Stage

The Ministry of Finance and Economy in the Kurdistan Region is completing the final technical review of the April salary list. Officials confirm that...

War Pushes Chicken Prices Higher as Producers Are Forced to Sell at a Loss

The ongoing conflict continues to disrupt markets in the region. Chicken prices in Erbil have increased, while poultry farmers report falling profits and rising...

Erbil and Baghdad Reach Final Agreement on Implementing “ASYCUDA” System at Border Crossings

The Kurdistan Regional Government and the federal government of Iraq have reached a final agreement to implement the global customs system ASYCUDA at border crossings. The...
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