September 24, 2017 | English | عربي
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September 18, 2017

Russian oil major Rosneft will invest in gas pipelines in Iraq's Kurdistan, expanding its commitment to the region ahead of its independence vote to help it become a major exporter of gas to Turkey and Europe.

Kurdistan has been exporting oil independently from the central government in Baghdad since 2014 and Kremlin-controlled Rosneft joined the list of buyers this year, lending the semi-autonomous region hundreds of millions of dollars in loans"...

Crude oil prices (September 23)
September 24, 2017

Crude oil prices remained up on Saturday (September 23) compared to the previous close.

The price of Brent oil was at $56.80 up from $56.143 and U.S. WTI crude was at $50.64 from $50.55.

OPEC decided to extend cuts in oil output by nine months to March 2018,"...


September 24, 2017

The U.S. dollar to Iraqi dinar (IQD) exchange rate was up in the Kurdistan Region’s currency markets on Saturday (September 23).

Broker Dana Mawlud told NRT that $100 was selling at 126,600 IQD, 100 IQD higher than the previous day.

Mawlud also reported that 100 British pounds remained stable at 167,000 IQD and 100 euros was at 149,000 IQD.



September 24, 2017

The Jordanian government has said that as part of its efforts to overcome obstacles to trade with Iraq, its Prime Minister, Hani Al-Mulqi (pictured), has decided to exempt Iraqi trucks parked on the Jordanian side of the border from the financial penalties.

Petra news agency reports that the exemption, which came in conjunction with the opening of borders between Jordan and Iraq, would encourage trade through the Al Karama-Turaibil [Terbil] border crossing,"...

September 24, 2017

An Iranian foreign ministry official has announced that they are working to launch direct flights between the Kurdistan Region capital Erbil and Urmia city in Iran’s Kurdistan Province.

'The Foreign Ministry's office in the West Azerbaijan intends to establish direct flights between Erbil and Urmia until early next year, so as to develop the tourism industry, it will increase the province's economy,' Ahmad Montazami, the head of the Iranian Foreign Ministry's office in Urmia told Fars"...

September 24, 2017

Iraq's Ministry of Oil on Saturday warned of the repercussions of the independence referendum slated for Monday in Iraqi Kurdistan, on the oil sector and the national companies operating in the field.
The ministry strongly warns all the relevant parties and agencies trying to exploit the 'exceptional conditions' to control the 'destinies and wealth of the Iraqi people --- or interfere in"...

September 24, 2017

With India and the UAE forging strategic ties across a spectrum of shared interests, this is an opportune time for key stakeholders from both nations to engage in strategic discussions and catalyze economic growth. It is in this context that The Economic Times India UAE Strategic Conclave is being held in Dubai on 27th and 28th September under the patronage and in the presence of His Excellency Sheikh Nahyan Bin Mubarak Al Nahyan, Cabinet Member and Minister of Culture and Knowledge Development, UAE, seeks to give a further"...