Finance

Brent Crude Returns Above $84 as Supply Risks Persist

Oil prices edged higher on Tuesday after suffering sharp losses in the previous session. Renewed concern about possible disruptions to Middle Eastern supplies supported the rebound, while prospects for...

Salary Funds Expected to Reach Kurdistan Region by Mid-Next Week

A senior source in Baghdad says no legal or political obstacles remain to transferring salaries for public employees...

SOMO: Kurdistan Region Oil Output Falls to 20,000 Barrels per Day

Oil production in the Kurdistan Region has fallen from 230,000 barrels per day to only 20,000 because of...

Genel Energy Reports 66% Drop in Tawke and Peshkabir Oil Output

Genel Energy reported a 66.3% decline in combined oil production from the Tawke and Peshkabir fields during the...

Gold Prices Rise Above $4,050 per Ounce

Gold prices edged higher on Tuesday and remained above $4,050 per ounce as investors weighed renewed US-Iran tensions...
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RT Bank to Join e-Psule, Expanding Digital Electricity Payments

The management team of the e-Psule platform announced that RT Bank will soon become the eighth bank and electronic wallet provider to offer digital payment services for electricity...

Salary Distribution in Kurdistan Slows to 40–45 Days per Round

Salary distribution in the Kurdistan Region is slowing significantly. Due to rising financial crises and cuts in Iraq’s government budget, distributing salaries now takes...

Contract Teachers and Employees Salaries to Be Paid Early Next Week

The Kurdistan Regional Government will begin distributing contract teachers and employees salaries early next week. Officials confirmed that payments will start after authorities complete...

KRG Medicine Spending Hits 11B

The Kurdistan Regional Government (KRG) is spending more than 11.2 billion Iraqi dinars every month on medicine as Baghdad provides only part of the...

Kurdistan Prepares Domestic Revenue Transfer to Baghdad

The Kurdistan Region’s Ministry of Finance has started preparations to transfer domestic revenues to Baghdad. The move supports ongoing salary payments. It also reflects...

120 Billion Dinar is Being Prepared From Domestic Revenue for Salaries

The Kurdistan Region is actively preparing 120 billion Iraqi dinars in domestic revenue. Officials in the Ministry of Finance and Economy are focusing on...
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