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...
Markets on edge as Middle East escalation threatens wider financial shock
Global markets are on edge as tensions in the Middle East escalate, moving from a distant worry to a major threat for investors. What...
OPEC+ mulls oil production increase in shadow of war
Energy markets are watching closely as major oil producers prepare for a key decision that could influence global prices. Analysts expect leading members of...
Crude soars, stocks drop after US strikes on Iran
Markets shook on Monday as strikes by the United States and Israel on Iran sent oil prices soaring and stocks across Asia tumbling, stoking...
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...
Tech firms lead Asian markets rally as Seoul, Tokyo hit records
Stock markets in Seoul and Tokyo surged to record highs on Wednesday, as technology shares powered a strong rally across Asia.
The jump followed a...
Precious metals fall again, Asian stocks swing as traders wind down
Hong Kong – Traders took it easy Tuesday as the year comes to a close, with precious metals giving back some of their recent...
Iraq emerges as major export market for UAE’s Ras Al Khaimah
Iraq has become one of the top export destinations for the UAE emirate of Ras Al Khaimah, showing how quickly economic ties between the...
China’s rare earths El Dorado gives strategic edge
In southern China, under layers of red soil, sits one of the most powerful resources on Earth. This is Ganzhou, a quiet-looking region hiding...
Asian markets track Wall St lower as AI fears mount
Asian stock markets fell on Thursday, following another rough day on Wall Street, as investors continue to worry about the tech sector — especially...
Trump vows economic boom, blames Biden in address to nation
President Donald Trump went on national television Wednesday night with a clear message: the economy is about to boom — and Joe Biden is...
Asian markets retreat ahead of US jobs as tech worries weigh
Hong Kong – Asian markets extended losses on Tuesday, following Wall Street lower, as investors prepared for key U.S. jobs and inflation reports. Concerns...
Iraqi News
Gas Investment Plans Reviewed for Nahr Bin Umar Field
Iraq is moving ahead with plans to develop associated gas at the Nahr Bin Umar oil field in Basra province. The project was discussed...
CBI Rebuffs Speculation Over Foreign Currency Reserves
The Central Bank of Iraq (CBI) has confirmed that its foreign currency reserves remain strong and are fully capable of meeting the country's demand...
Al-Saadi: There is no decision to raise the exchange rate at present… but financial...
Former MP Baqir Al-Saadi said there is currently no government decision to raise Iraq’s official dollar exchange rate, despite recent concerns caused by fluctuations...
Parliamentary Finance Committee: Contract regularization is not an achievement without guaranteeing employee salaries
Former Parliamentary Finance Committee member Mohammed Ibrahim has criticized the government's approach to preparing the upcoming budget, saying it appears to be repeating the...
Budget preparation: A repetition of past scenarios or a genuine solution to current crises?
Iraq is getting ready to prepare its 2027 budget and send it to Parliament in October for discussion, changes, and approval. But there are...