Mazhar Saleh: The Economy Is Achieving Positive Indicators With A Growth Rate Of 5.3% In 2025.
Time: 2025/09/09 11:33:40 Reading: 705 times {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed on Tuesday that the Iraqi economy is going through a pivotal phase that combines positive indicators and promising opportunities with structural challenges that require radical reforms, which the government program is working on with determination and a coherent approach.
Speaking to Al Furat News Agency, Saleh explained that “the gross domestic product is expected to achieve growth of approximately 5.3% in 2025 compared to previous years, indicating the strength of economic investment activity in the country.”
He added, “The government has proposed more than 160 investment projects in the electricity, refineries, and ports sectors, reflecting a significant trend toward revitalizing the private sector within the services-oriented government.”
He pointed out that “the economy will continue to need to reaffirm two fundamental paths without interruption. The first is to continue sustaining infrastructure projects as a lever for growth and the development of direct productive activity. The second is to activate the strategic partnership with the private sector to lead sustainable development within the social market philosophy, ensuring a high degree of economic diversification, in accordance with the objectives of the National Development Plan 2024-2028 and beyond.” LINK
Economist: The Financial Management Law allows for the adoption of 2025 expenditure data and the preparation of the 2026 budget.
Time: 2025/09/09 15:30:00 Reading: 450 times {Economic: Al Furat News} Economic expert Salah Nouri confirmed, today, Tuesday, that the Financial Management Law No. (6) of 2019 has addressed the issue of approving the budget in its special chapter, indicating that Article (13/First) stipulated spending at a rate of (1/12) or less of the total actual expenditures for current expenditures for the previous year after excluding non-recurring expenditures on a monthly basis.
Nouri added in his statement to {Euphrates News} Agency that “Article (13/Third) of the same law clarified that if the approval of the draft federal general budget law for a specific fiscal year is delayed, the final financial statements for the previous fiscal year shall be considered the basis for that year.”
The economic expert pointed out that, “according to these texts, it is possible to spend 1/12 of the actual expenditures for the year 2026 for the year 2025, indicating that this allows the Ministry of Finance to prepare the 2026 budget based on the actual financial data for the year 2025.” LINK
The Iraqi Stock Exchange Traded Shares Worth 14 Billion Dinars Last Week.
Money and Business Economy News – Baghdad The Iraq Stock Exchange announced on Tuesday that shares worth more than 14 billion dinars were traded last week.
The market said in a report that “the number of companies whose shares were traded last week reached 56 joint-stock companies, while the shares of 23 companies were not traded due to the failure of buy and sell orders to match prices. Meanwhile, 16 companies remain suspended due to failure to disclose their shares, out of a total of 104 companies listed on the market.”
He added that “the number of traded shares reached 23 billion, 598 million, and 632 thousand shares, an increase of 570% compared to the previous week, with a financial value of 14 billion, 286 million, and 282 thousand dinars, an increase of 95% compared to the previous week, through the execution of 3,670 transactions,” noting that “the ISX60 traded price index closed at 960.40 points, recording a decrease of 0.54% from its closing in the previous session.”
He pointed out that “the number of shares purchased by non-Iraqi investors last week amounted to 260 million shares, with a financial value of 638 million dinars, through the implementation of 113 transactions.”
The number of shares sold by non-Iraqi investors amounted to 399 million shares, with a financial value of 842 million dinars, through the implementation of 124 transactions.
It’s worth noting that the Iraq Stock Exchange holds five trading sessions per week, from Sunday to Thursday, and lists 104 Iraqi joint-stock companies representing the banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels, and services sectors. https://economy-news.net/content.php?id=59842
Oil Prices Rise Thanks To OPEC+ Decision
Economy | 09/09/2025 Mawazine News – Follow-up Oil prices rose on Tuesday after the OPEC+ group decided to increase production by less than market participants had expected, while prices continued to be supported by concerns about tightening supply due to the possibility of new sanctions on Russia.
Brent crude rose 22 cents, or 0.33%, to $66.24 a barrel, while US West Texas Intermediate crude rose 24 cents, or 0.39%, to $62.50 a barrel.
Eight members of OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and its allies, agreed on Sunday to increase production starting in October by 137,000 barrels per day.
This is significantly less than the monthly increases of about 555,000 barrels per day in September and 411,000 barrels per day in July and June. https://www.mawazin.net/Details.aspx?jimare=266477
New Rise In Dollar Exchange Rates In Baghdad
economy | 09/09/2025 Mawazine News – Baghdad – The dollar exchange rate rose on Tuesday at the Baghdad Stock Exchange and money exchanges.
The US dollar exchange rate reached 143,400 dinars for every $100 in morning trading at the main stock exchange in the capital, Baghdad.
Meanwhile, the exchange rate in local markets in Baghdad reached 144,250 dinars for sale, while the purchase price reached 142,250 dinars. https://www.mawazin.net/Details.aspx?jimare=266490
Gold Prices Rise In Local Markets
Economy | 09/09/2025 Mawazine News – Baghdad – Foreign and Iraqi gold prices witnessed a significant increase in local markets on Tuesday.
The selling price of one mithqal of 21-karat Iraqi gold reached 710,000 dinars, while the purchase price reached 700,000 dinars.
Gold prices in jewelers’ shops ranged between 740,000 and 750,000 dinars for one mithqal of 21-karat Gulf gold, while the selling price of one mithqal of Iraqi gold ranged between 710,000 and 720,000 dinars. https://www.mawazin.net/Details.aspx?jimare=266492
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