10/07/2026

European Gas Prices Breach €50 as Qatar Suspends LNG Production Boost Following Tanker Attack

European wholesale natural gas prices surged above €50 ($57) per megawatt-hour on Thursday for the first time in a month, following reports that Qatar has suspended plans to rapidly revive liquefied natural gas (LNG) production at its North Field facility.

Nawzad Sheikh Kamil, General Director of Trade at the Ministry of Trade and Industry. Photo: Channel8

Kurdistan Economic Team Reschedules Baghdad Trip to Await Cabinet Directives 

Kamil clarified that the postponement stems from the KRG's intention to equip the delegation with specific guidelines concerning the ASYCUDA customs system.

09/06/2026
This photo shows an aerial view of new electric vehicles waiting to be loaded for export at Shanghai Port in Shanghai on May 9, 2026. (Photo by CN-STR / AFP) / China OUT

Growing China-Iraq Trade Fuels Chinese Car Boom in Kurdistan Region

The Kurdistan Region has imported nearly half a million vehicles over the past three years, with Chinese brands rapidly expanding their share of the market.

09/06/2026
The logo of the Kurdistan Regional Government (KRG) and the official emblem of the Republic of Iraq

Baghdad Mandates Federal Audit Approval for Kurdistan Region Foreign Remittances 

As a result, companies in the Kurdistan Region are prohibited from executing foreign remittances unless their financial reports receive formal approval in Baghdad.

05/06/2026
Nawzad Ghafour, President of the Sulaymaniyah Chamber of Commerce and Industry

Sulaymaniyah Chamber of Commerce Exempts Accumulated Debts for Traders and Companies

The Sulaymaniyah Chamber of Commerce and Industry (SCCI) has announced a facilitation measure for traders and company owners, issuing a decision to exempt accumulated debts from previous years.

02/06/2026
A wheat storehouse in Iraq

Iraq Imposes Ban on Interprovincial Wheat Transport to Safeguard Marketing Season

The Iraqi Ministry of Trade has introduced a series of strict measures for receiving this year’s wheat harvest, aimed at protecting farmers’ rights and ensuring the success of the marketing plan.

02/06/2026
Photo of a Gold Shop in Kurdistan Region

Gold Price Volatility Between Recovering Losses and Seeking New Highs

Gold prices remain volatile as they fluctuate between recovering this year’s losses and returning to an upward trend. The price of an ounce of gold closed at $4,538 and reached that level again at the market opening.

01/06/2026