Economy

Akre Rice Production Expected to Grow Strongly After Heavy Rainfall

Rice production in the Akre district will likely increase significantly this year because rainfall improved and farmers expanded cultivated land, according to local agricultural officials. Fazil Mustafa, Director of Agriculture...

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...

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...
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Brent Oil Approaches $125 Amid Global Supply Fears

Global oil prices rose sharply this week, with Brent crude moving close to $125 per barrel amid growing fears of supply disruption in the...

Hormuz Strait Closure Pushes Up Engine Oil Prices in Kurdistan

Engine oil prices have climbed across the Kurdistan Region after shipping disruptions linked to the closure of the Strait of Hormuz. Traders say imported engine...

Runaki Project: 80% of Kurdistan Households Pay Less Than 59,000 IQD for Electricity

The Runaki electricity project has released new data for March, showing that 80% of households in the Kurdistan Region paid less than 59,000 Iraqi...

Economic Experts: Two Factors Could Push Gold Price Up by $250 per Ounce

Gold prices have fallen over the past two days in both global markets and the Kurdistan Region. Economic experts link this decline mainly to...

KRG Reaffirms Support for Investors and Economic Growth

The Kurdistan Regional Government (KRG) has reaffirmed its commitment to supporting investors across the Kurdistan Region. Prime Minister Masrour Barzani announced during a high-level...

One Ounce of Gold Now Trades at About 4,670 Dollars

One ounce of gold is currently trading at around 4,670 dollars after extending its decline for a second consecutive day. The precious metal has...
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