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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Empire World Wins Prestigious Award for Fastest-Growing Household Business

Empire World continues to set new benchmarks in rapid development, infrastructure, and business progress across Iraq. In 2025, the company received the prestigious award...

Ministry of Commerce Warns Traders About Rising Dollar Rates

The Ministry of Commerce has warned traders against exploiting recent changes in the currency market. Officials say the government is closely monitoring markets to...

Ministry of Finance of the Kurdistan Region Issues Two Key Decisions on “My Account” System

The Ministry of Finance of the Kurdistan Region has taken two major steps to enforce the “My Account” system. First, the ministry announced it...

After 10 Years, Financial Entitlements of Erbil Farmers to Be Paid

After nearly a decade of waiting, farmers in Erbil who delivered wheat to government silos in 2015 will finally receive their outstanding financial entitlements....

KRG Announces Post-Government Formation Focus on 14% Budget Allocation

The Kurdistan Regional Government (KRG) announced that discussions on the Kurdistan Region budget will resume after Iraq forms a new federal government. Officials confirmed...

Insurance Sector Expands in Kurdistan as Public Awareness Grows

The insurance industry in the Kurdistan Region is expanding steadily. Once limited in scope, the sector now plays a growing role in the local...
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