Economy

Chicken Prices Fall as Poultry Farmers Report Heavy Losses

Chicken prices in the Kurdistan Region have fallen sharply as producers struggle with oversupply, rising costs, export barriers and disease outbreaks. Farm-gate prices dropped from 3,200 dinars to about 2,500...

Eurowings Suspends Flights to Erbil Until August 7

Eurowings has suspended flights to Erbil, the capital of the Kurdistan Region, until August 7, 2026, because of...

Oil Prices Remain Below $80

Oil prices stabilized on Wednesday after two consecutive days of heavy losses, as investors watched efforts to ease...

Baghdad Still Owes 141 Billion Dinars for Kurdistan Farmers’ 2025 Wheat

Baghdad still owes 141 billion Iraqi dinars to farmers in the Kurdistan Region for wheat delivered during the...

Gold Price Rises Above $4,140 per Ounce

Gold prices rose for a third consecutive day on Wednesday as a weaker US dollar and lower oil...
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Kurdistan Region Goes Digital: 600 ATMs Now Serve 400,000 Public Employees

The Kurdistan Region has seen a significant increase in the number of Automated Teller Machines (ATMs), now totaling approximately 600 units. This development aligns...

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...
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