Iraq
Iraq devalues dinar
Iraq's central bank devalued the dinar against the dollar on Wednesday, the first time in more than three years, as the economic fallout from the Middle East war deepens.
At least two expatriate workers were killed and two other people wounded after a drone attack targeted the Khor Mor gas field in Iraq's Kurdistan region on Friday.
The drone attack on the Khor Mor gas field halted gas supplies to power plants resulting to a reduction of approximately 2,5000 MW of electricity © Mena Today
At least two expatriate workers were killed and two other people wounded after a drone attack targeted the Khor Mor gas field in Iraq's Kurdistan region on Friday, an advisor to the Iraqi Kurdish Prime Minister and a senior Kurdish political source told Reuters.
Production has also been suspended, both sources added.
The drone attack on the Khor Mor gas field halted gas supplies to power plants resulting to a reduction of approximately 2,5000 MW of electricity, a statement from Kurdistan's electricity ministry said, indicating that operations at the field were suspended.
The Pearl Consortium, United Arab Emirates energy firm Dana Gas (DANA.AD), and its affiliate, Crescent Petroleum, have the rights to exploit Khor Mor and Chemchemal, two of Iraq's biggest gas fields.
No group has claimed the responsibility for the attack.
Reporting by Baghdad Newsroom
Iraq's central bank devalued the dinar against the dollar on Wednesday, the first time in more than three years, as the economic fallout from the Middle East war deepens.
Israelis will on Wednesday mark three years since Hamas attacked Israel on October 7, 2023, triggering a military assault that destroyed much of Gaza, where conditions remain dire despite a year-old ceasefire that is meant to halt the war for good.
Canadian Prime Minister Mark Carney will travel to Ankara and Istanbul from October 21 to 23, his office said on Tuesday, in what will be the first dedicated bilateral visit to NATO ally Turkey by a Canadian leader.
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