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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KRG Implements 67 Infrastructure Projects to Improve Services in Erbil

The Kurdistan Regional Government’s (KRG) Ministry of Municipalities and Tourism has completed 67 service and infrastructure projects across Erbil over the past year. The...

KRG Finance Ministry Slams Baghdad Over ‘Investment Blockade’ as Region Receives Only 41% of Budget Entitlements

The Ministry of Finance and Economy of the Kurdistan Regional Government (KRG) has sharply criticized the federal government in Baghdad over what it describes...

Zakho Supervisor Reports $400 Million in Investment and Major Infrastructure Gains in 2025

The Zakho Independent Administration attracted nearly $400 million in investment during 2025, marking a year of major infrastructure expansion, industrial growth, and rising tourism, local officials...

Wheat Payments to Farmers in Sulaymaniyah and Halabja to Be Distributed

Wheat payments to farmers in Sulaymaniyah and Halabja will begin this week after a short delay caused by year-end holidays and bank closures. Officials confirmed...

Governor: Erbil Sustained Growth Despite a Tough 2025

Erbil Governor Omed Khoshnaw described 2025 as a difficult year marked by sharp financial pressure on the Kurdistan Region. However, he said Erbil continued...

KRG Prepares to Transfer Non-Oil Revenues to Baghdad Amid Pending Payments and Payroll Audits

The Kurdistan Regional Government (KRG) is preparing to transfer non-oil revenues to Baghdad. Officials plan to deposit the funds soon into the Iraqi Ministry...
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