Economy

DNO Resumes Operations at Tawke Oil Block

Norwegian energy company DNO has restarted operations at the Tawke oil block in the Kurdistan Region after a period of limited activity. The company resumed restricted field operations on...

Runaki App Nears Launch as Registrations Pass 900,000

The Kurdistan Regional Government’s (KRG) “Runaki” electricity project has surpassed 900,000 registered subscribers across the Kurdistan Region. Meanwhile,...

Gold Prices Surge in Kurdistan Markets as 21-Carat Reaches 980,000 IQD

Gold markets across the Kurdistan Region and global trading hubs experienced a sharp rebound after a recent decline....

Kurdistan Region’s Wheat Quota Expected to Increase for Farmers

The Kurdistan Regional Government says it has made progress in talks with Baghdad to increase the wheat purchase...

Erbil to Transfer 60 Billion Dinars in Non-Oil Revenue to Baghdad

The Kurdistan Regional Government has announced plans to transfer 60 billion Iraqi dinars in non-oil revenue to Baghdad...
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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...

Duhok to Build $110 Million Sugar Factory to Strengthen Food Security and Create Jobs

Duhok will soon host a major sugar factory under a new $110 million investment project designed to support agriculture, create jobs, and improve food...
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