Latest Economy News

ERBIL, Kurdistan Region - Iraq’s Prime Minister Mohammed Shia’ al-Sudani on Monday held separate meetings with business representatives from the United States and Germany, reaffirming his cabinet’s commitment to creating more investment opportunities in the country. Sudani first met with the head of the US-Iraqi Business Council Steve Lutes, discussing Baghdad-Washington rel

ERBIL, Kurdistan Region - The Iraqi parliament will convene and vote on the three-year budget bill later this week, the second deputy speaker of the legislature said on Sunday, two months after the Council of Ministers approved the bill. Iraq’s Council of Ministers in mid-March approved the federal budget bill for the years 2023, 2024, and 2025. Iraq did not have a budget in

The agreements were signed in Baghdad between the energy ministries of the two countries. The Iraqi Oil Ministry announced on Wednesday that Iran and Iraq have agreed to expand energy cooperation and establish a joint body to overlook the developments of the agreement. The announcment came following a meeting between Iraqi Oil Minister Hayyan Abdul Ghanni and Iranian Oil

As a result of US sanctions, Iraqi payments for Iranian fuel face multiple complications Iran and Iraq signed an agreement on 10 May to expand energy ties and establish a joint office aimed at overlooking cooperation between the two countries, the Iraqi Oil Ministry announced, coming as part of Iranian Oil Minister Javad Owji’s visit to Baghdad. Upon arriving in the Iraqi

The Association of the Petroleum Industry of Kurdistan (APIKUR) expresses its concern that oil exports from the Kurdistan Region of Iraq (Kurdistan) have now been suspended for five weeks. As a result, the international oil market has lost approximately 450,000 barrels of oil per day, contributing to upward pricing pressures at a global level, while the loss of this critical so