Economy

Gold Prices Drop in Erbil Markets

Gold prices fell in Erbil on Wednesday, reflecting a slight downward trend in local trading. In the city’s jewelry markets, 22-carat gold was sold at 1,085,000 IQD per mithqal,...

MomyandMe in Erbil: The Heart of a Mom-and-Child Community

Erbil is seeing more spaces that support families, and MomyandMe has quickly become one of the most popular....

Dana Gas Withdraws Staff from Khor Mor Gas Field Amid Regional Security Threats

Dana Gas has withdrawn all its employees from the Khor Mor gas field in the Kurdistan Region. The...

Fly Erbil Loses $6 Million Aircraft Due to the Ukraine War

Fly Erbil has suffered a major financial loss after one of its aircraft became stranded in Ukraine due...

Dollar Falls in Erbil Markets

The U.S. dollar recorded a slight decline in Erbil markets, reflecting ongoing fluctuations in the local currency exchange...
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Bitcoin Sees Significant Gains Amid Declining U.S. Dollar Value

Bitcoin experienced a notable increase of 3.51%, reaching $88,202.60, as the value of the U.S. dollar weakened against its primary benchmark. The decline in...

Trade Barriers Rise: Kurdish Goods Face 39% Tariff in U.S. Market

On Sunday, April 20, 2025, the U.S. government announced the implementation of a 39 percent tariff on imported goods originating from Iraq and the...

Prime Minister Masrour Barzani ordered the transfer of the salary banking process to the Ministry of Finance

Prime Minister Masrour Barzani has issued an official directive transferring the responsibility for managing the public salary banking system, referred to as "My Account,"...

Prime Minister Masrour Barzani Prioritizes Digital Transformation to Enhance Public Services and Drive Economic Growth

In his recent speech, Prime Minister Masrour Barzani emphasized the critical importance of digital government excellence in fostering investment, boosting economic growth, attracting skilled...

Key Card Company Launches MasterCard for Importers to Ease Currency Access and Boost Trade

Key Card Company has introduced a MasterCard for importers, allowing them to purchase goods from abroad at the official dollar rate of the Central...

Challenges Arising from QR Code Requirement for Trade Between Kurdistan Region and Iraq

The deadline for trucks to implement QR codes as part of Iraq's new trade policy passed in November 2024, leading to increased challenges for...
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