Trump says will waive some oil sanctions as Iran war roils...
US President Donald Trump said on Monday that he plans to waive certain oil sanctions to increase supply and help lower prices, following market...
Asian equities plunge as oil soars 30% on Mideast crisis
Asian Stocks Tumble as Oil Soars on Middle East ConflictAsian markets took a big hit on Monday as oil prices shot up nearly 30%...
Sony faces $2.7 bn class action from UK PlayStation users
Sony Corporation is set to face a £2 billion ($2.7 billion) class-action lawsuit in London starting Tuesday, accused of breaching competition law by overcharging...
China FM urges US to manage differences in face of trade...
Wang Yi, China’s top diplomat, urged the United States on Sunday to resolve its differences with China, as tensions continue over trade tariffs and...
Google gives CEO new pay deal worth up to $692 million
Sundar Pichai could earn up to $692 million over the next three years under a new compensation plan disclosed Friday by the U.S. Securities...
Brazil’s Petrobras sees profit soar on record output
Petrobras said its profits nearly tripled last year, hitting $19.6 billion, up from $7.5 billion in 2024, thanks to record oil and gas production....
China sets lowest growth target in decades as consumption lags
Beijing – China has set its lowest annual growth target in decades, aiming for 4.5–5 percent in 2026, as authorities focus on tackling sluggish...
Exceptional Customs Measures Introduced to Ease Port Congestion
Iraq’s General Customs Authority has introduced temporary exceptional measures to speed up the flow of goods and reduce congestion at ports, following directives from...
AI not hitting European jobs for now: ECB
European Central Bank (ECB) economists report that, so far, artificial intelligence has had only a limited effect on employment across Europe. Analyzing data from...
Chinese consumers scout lower prices, secondhand goods as spending sputters
In Shanghai, shoppers are increasingly turning to secondhand goods as stagnating wages, youth unemployment, and a prolonged property crisis reshape consumer behavior. Items that...
Adidas shares slump on downbeat profit outlook
Adidas shares fell sharply on Wednesday after the German sportswear company issued a cautious profit forecast for 2026 and warned of a €400 million...
Strait of Hormuz impasse squeezes world shipping
Strategic ImportanceThe Strait of Hormuz is a critical chokepoint for global energy markets, with roughly 20% of seaborne oil passing through. Beyond oil, it...
Iraqi News
Oil jumps over 2% due to threats to global energy supplies
Global oil prices surged by more than 2% in early trading on Monday as growing security tensions in the Middle East raised fresh concerns...
MP: The 2026 budget will be the most complex compared to previous years
Iraq's 2026 budget remains uncertain, with no official date yet set for its submission to parliament, according to MP Mohammed al-Bayati, who warned that...
EBRD and Iraq in Talks on Development and Banking
Iraq's Ministry of Finance is looking to strengthen cooperation with the European Bank for Reconstruction and Development (EBRD) as part of its efforts to...
Iraq’s Mishraq Sulphur Company Signs Private-Sector Partnership
Iraq is moving forward with plans to expand its sulphur industry after the Mishraq Sulphur State Company signed a new partnership agreement with a...
Summer puts pressure on the electricity sector, and the government is looking to lower...
As Baghdad gets ready to announce the ampere price for June, the debate over private generators is heating up again. Citizens and generator owners...