IMF reaches agreement with Senegal on new $2.2 bn loan programme
The International Monetary Fund (IMF) has reached a staff-level agreement with Senegal on a new $2.2 billion, 36-month loan program, nearly two years after...
Volkswagen warns of more cost cuts as profits plunge
The situation at Volkswagen is more serious than a normal earnings dip. A 28% profit drop alongside falling revenue points to deeper structural pressure...
Union calls strike at S. Korea chip giant Samsung Electronics
The labor union at Samsung Electronics announced on Wednesday that it will move ahead with a major strike after negotiations with management over bonus...
What are ‘rare earths’ for?
Paris – Rare earth metals are a big deal. They’re essential for making smartphones, fighter jets, electric cars, and even wind turbines. And this...
Asian markets bounce back as China-US trade fears ease
Hong Kong — Asian stocks jumped on Monday after Donald Trump struck a more conciliatory tone toward China over the weekend, easing fears of...
Global economy under ‘major threat’ from Strait of Hormuz crisis: IEA...
In Sydney, Fatih Birol, the head of the International Energy Agency, warned that the global economy is in serious trouble because of the energy...
Memory chip crunch set to drive up smartphone prices
Tokyo – Get ready: the price of phones, laptops, and everyday gadgets may go up next year.Manufacturers and analysts are warning that a major...
Shams Telecom and GlobalTek sign cooperation deal
Shams Telecom Signs Strategic Collaboration Agreement with GlobalTek to Boost Iraq’s Tech, Telecom, and Energy Sectors
Shams Telecom has signed a strategic collaboration agreement with...
Asian markets fluctuate after healthy week of tech gains
Markets in Asia slowed down on Friday as traders paused after a strong week, especially in the tech sector. Investors had been buying heavily...
Asian stocks rally as Trump says war to end ‘very soon’
Global markets surged Wednesday after political signals suggested the Middle East conflict could ease, even as oil prices climbed on continued supply fears.
What happened
Donald...
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...
Oil hovers around $100, stocks mixed as Iran war rages
Oil prices stayed around $100 a barrel on Monday as the conflict between Iran and the U.S. moved into its third week, keeping global...
Iraqi News
Al-Fariji: Raising the value of the dollar against the dinar does not represent financial...
Crisis expert Ali al-Fariji has criticized the Iraqi government's decision to raise the dollar's value against the dinar, saying the move alone does not...
IMF Forecasts Bigger Contraction for Iraqi Economy
The International Monetary Fund (IMF) has revised its economic forecasts to account for the ongoing conflict in the Middle East, warning that several energy-producing...
Najaf Solar Plant Capacity Could Double
Iraq is reviewing plans for a solar power station in Najaf province, with discussions under way about increasing the project's capacity from 1,000 megawatts...
Iraqi oil continues its upward trend, with Brent crude surpassing $106 per barrel.
Iraqi oil prices rose on Wednesday as crude prices also increased in global markets. Gains were recorded across all major grades, including Basra Heavy,...
Two weeks to recalculate the budget… Parliamentary Finance Committee reveals the repercussions of the...
Former Parliamentary Finance Committee member Mohammed al-Shabaki said the Iraqi government will need at least two weeks to restructure the budget following the decision...