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Despite pressures from the international community on rivaling political parties in the Iraqi Kurdistan, parliamentary elections are not expected to be held as previously scheduled this year.
Drone strikes in Iraqi Kurdistan have killed two people, with the attack blamed on Ankara.
An explosion took place shortly after 4:00 pm near Sulaimaniyah airport in the Iraqi Kurdistan region, causing no injuries.
The agreement, signed in Baghdad in the presence of Prime Minister Mohamed Shia Al-Sudani and Kurdish premier Masrour Barzani, was to be implemented 'today', a Kurdish regional government official said.
Legislative elections will take place in Iraqi Kurdistan on November 18, said Dilshad Shihab, spokesman for the regional presidency.
Oil revenues from Iraq's Kurdistan region will be under federal government supervision for the first time since 2002.
A helicopter crash in northern Iraq killed at least five people, including members of a rebel Kurdish group.
Iraqi PM Mohammed Shia Al-Sudani made his first visit to Iraqi Kurdistan on Tuesday, saying the regional government has shown real will and cooperation to resolve all disputed issues.
Parliamentary elections in the IKR were supposed to be held last year, but the elections were postponed following disagreements among the political parties over the current electoral law and the electoral commission.
Campaigns across northern Iraq are gathering donations for victims in Turkey.