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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Kurdistan Advances Bawanur Dam as Key Energy and Agriculture Project

The Kurdistan Regional Government (KRG) is moving forward with the Bawanur Dam, a major step for energy and agriculture in the region. The KRG...

Erbil Rapid Water Project Becomes a Turning Point for the Capital

Erbil water director says the Rapid Water Emergency Project marks a major breakthrough for the city. He confirmed that the project improves water quality,...

U.S. Sanctions Shift Iraq’s Oil Output While Kurdistan Region Sector Stays Stable

U.S. sanctions on major Russian oil companies created serious disruptions in Iraq’s southern fields. However, the Kurdistan Region remains stable. Iraqi lawmaker Sabah Subhi...

KRG Cash Transfer to Baghdad Reaches $92 Million

The Kurdistan Regional Government (KRG) has transferred about $92 million in cash to Baghdad. The amount, equivalent to 120 billion Iraqi dinars, comes from...

US Companies Investing in Kurdistan Gain Momentum as David Tafuri Highlights Strong Support

The push for US companies investing in Kurdistan is gaining new strength. David Tafuri, the head of the US–Kurdistan Business Council, confirmed that Washington is actively...

Kurdistan Advances $579 Million Erbil Wastewater Treatment Plant to Boost Urban Services

The Kurdistan Regional Government has taken a major step to modernize Erbil’s infrastructure. It launched phase two of the Erbil Wastewater Treatment Plant. Prime...
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