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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Major Restructuring Plan to Close Most Specialized Banks in Kurdistan

Authorities in the Kurdistan Region are preparing a major overhaul of the banking sector. The plan aims to simplify the system and improve efficiency....

April Salary List Submitted to Baghdad as Audit Process Begins

The Kurdistan Region’s Ministry of Finance sent the April salary list and financial reconciliation report to Baghdad. This step opens the official audit process...

April Salary List Heads to Baghdad as Kurdistan Nears Final Review Stage

The Ministry of Finance and Economy in the Kurdistan Region is completing the final technical review of the April salary list. Officials confirm that...

Retired Peshmarga Begin Receiving Months of Unpaid Salaries

Thousands of retired peshmarga in the Kurdistan Region are receiving delayed salaries today. Some are collecting two payments at once after months of hardship. Officials...

Gold and Silver Prices: What to Expect in the Coming Days

Following the announcement of a nuclear agreement between the United States and Iran, gold and silver prices in Kurdistan and global markets have seen...

March Salaries Have Been Approved for Kurdistan Employees, Awaits Non-Oil Revenue

The Iraqi government approved March salaries for public employees in the Kurdistan Region and is now waiting for non-oil revenues to transfer the payments. Officials confirmed...
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