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The Latest Breaking News from KRG

Kurdish Allies Urge U.S. To Maintain Troop Presence In Iraq

Kurdish allies stress ongoing extremist threat in Iraq, caution against U.S. military withdrawal. Importance of continued cooperation and support highlighted.

Top News

Iraq’s dangerous balancing act between Iran and the US

Iraqi PM al-Sudani’s visit to Washington came as its neighbour Iran attacked Israel, raising fears of regional conflict.

Al Jazeera

Iraq’s overreliance on oil threatens economic, political strife

More than 90 percent of Iraq’s government revenue comes from oil, leaving the country hostage to global prices.

Al Jazeera

From analysis to the latest developments in health,
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3 REITs Unable to Adapt to the Changing Retail Landscape

The changing retail landscape has put retail REITs under pressure. With online spending growing rapidly, retail REITs could remain under pressure. Amid this backdrop, investors could look to avoid fundamentally weak retail REITs Kite Realty (KRG), NETSTREIT (NTST), and Seritage Growth (SRG). Keep reading.

StockNews.com

Baghdad and KRG Close to Deal to Resume Iraq’s Northern Oil Exports

Iraq's federal government and the Kurdistan Regional Government (KRG) are close to striking a deal aimed at resuming northern oil exports, four sources familiar with the discussions told Reuters on Saturday. Türkiye stopped pipeline flows from the Kirkuk fields in northern Iraq's semi-autonomous Kurdistan region to its port of Ceyhan…

Asharq Al-Awsat

Türkiye Says Iraq Was Ordered to Pay Compensation to Ankara in Arbitration Case

Türkiye’s Energy Ministry said on Tuesday that Iraq had been ordered by the International Chamber of Commerce (ICC) to pay compensation to Ankara in a longstanding arbitration case related to oil exports from northern Iraq via Türkiye. The Turkish energy ministry statement was released after Iraq's oil ministry said on…

Asharq Al-Awsat

Iraq-Türkiye Pipeline Shutdown on Turkish Government Orders

The Kurdistan Pipeline Company has shut the Iraq-Türkiye pipeline at the request of the Turkish government, oil companies in the regions said on Monday. The news comes after comes after Iraq on Saturday halted crude exports from its northern region after the country won an arbitration case in which it…

Asharq Al-Awsat

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Iraq Halts Northern Crude Exports after Winning Arbitration Case against Türkiye

Iraq halted crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields on Saturday, an oil official told Reuters, after the country won a longstanding arbitration case against Türkiye. The decision to stop shipments of 450,000 barrels per day (bpd) of crude relates to a case from 2014, when…

Asharq Al-Awsat

Iraq PM risks new crisis as tensions with Kurds resurface

After more than a year of political deadlock, Iraqi Prime Minister Mohammed Shia al-Sudani could face a debilitating new crisis with Kurdish leaders that risks undermining his efforts to set policy and compile a badly needed state budget.

Reuters

Iraq Threatens New Legal Action against Kurdistan Crude Buyers

Iraq's state-owned oil marketer SOMO has threatened fresh legal action against buyers of crude oil originating from the semi-autonomous Kurdistan region, according to a letter dated Aug. 23 seen by Reuters. The letter is the latest in a series of moves by Iraq's oil ministry to try to control oil…

Asharq Al-Awsat

Iraq’s Kurdistan Works to Establish Two Oil Firms as Erbil-Baghdad Tensions Rise

Iraq's Kurdistan Regional Government (KRG) is working to establish two oil firms, the latest move in the battle between Erbil and Baghdad to control the oil sector in the semi-autonomous region. The KRG's new oil firm KROC would specialize in oil exploration, while the second - KOMO - would focus…

Asharq Al-Awsat

Three Missiles Fall Near Oil Refinery in Iraq’s Erbil

Three missiles fell near an oil refinery in Iraq’s northern city of Erbil on Wednesday without causing any casualties or damage, Kurdistan anti-terrorism authorities said in a statement. Iraq’s state news agency cited the statement as saying “initial information show the missiles were launched from Nineveh” province in Iraq. Sources…

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