KRG Oil Production Surges 11% in Q1 Despite Export Constraints
Kurdistan Region’s oil industry showed notable growth in Q1 2025, with increased production levels and higher revenues across key oil…
KRG Oil Audit for Q2 2024 Reveals Deepening Fiscal Crisis: $50M Deficit, $9.25B in Debt
According to a new joint financial oversight report by Iraq and the KRG for the second quarter of 2024, companies…
Two Years After the Pipeline Shutdown: Where Do KRG’s Oil Exports Stand?
On the morning of March 25, 2023, Turkey halted oil exports from the Kurdistan Region to the Ceyhan port, following…
Written by
Arivan
Iraq’s 2024 Import Profile: UAE Leads with $31B, Gold Tops Commodity List
Iraq in 2024 imported goods and commodities valued at approximately $65.293 billion from the United Arab Emirates, China, Turkey, India, Brazil, and the United States. The highest value of imports…
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Arivan
KRG-Iraq Budget Dispute: A Battle of Interpretations
One of the most interesting issues in the ongoing Kurdistan Regional Government (KRG)-Iraqi central government budget conflict is not merely the disagreement over financial figures, but the competing interpretations of…
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Written by
Arivan
How Baghdad’s Customs Checkpoints Have Diminished KRG’s Trade Power
Six months into Baghdad’s customs centralization policy with the Kurdistan Region, traders are increasingly relocating their operations to Iraqi-controlled territories—a deliberate outcome aimed at reshaping regional trade dynamics. From the…
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Written by
Arivan
US-Iraq Trade Drops in 2024 Despite Surge in American Vehicle Imports
US exports to Iraq declined significantly in 2024, dropping 26.4% from $2.257 billion in 2023 to $1.662 billion – a decrease of $595 million. Automotive sector growth: Despite the overall…
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Written by
Arivan
Kurdistan’s Widening Income Gap: Expenditures Outstrip Earnings
The Iraqi national census and socio-economic surveys published by the Iraqi Ministry of Planning, in coordination with the Kurdistan Regional Government’s (KRG) Ministry of Planning, have been released separately and…
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Written by
Arivan
Iraq’s Trade Deficit with Turkey Widens to $10.7 Billion Amid Drop in Gold Imports
Despite Turkey’s overall exports to Iraq growing slightly to $11.2 billion in 2024, a 36% plunge in gold trade contributed to widening Iraq’s trade deficit with Turkey to a striking…
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Written by
Arivan
Iraq’s Tax Revenue Soars 4,711% Over Two Decades, Yet Still Only 5.2% of Government Income
In 2024, Iraq’s tax revenue reached 7.68 trillion dinars, its highest level in two decades, yet this figure represents just 5.2% of total government income — highlighting the nation’s continued…
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