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...
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...
Blockbuster EU-Mercosur trade deal enters into force
The European Union has moved forward with a major trade deal with the Mercosur group in South America, and it officially starts on Friday.
This...
Seoul, Taipei hit records as Asian stocks track Wall St tech...
Markets across Asia started the week on a strong note, led by tech stocks, as investors took confidence from solid earnings and signs of...
IFBC Signs Strategic MoU with Business France
The Iraqi-French Business Council (IFBC) has signed a new Memorandum of Understanding with Business France to boost economic cooperation and open more investment doors...
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...
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...
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...
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...
Turkey, UK sign $11bn Eurofighter deal as Starmer visits
Ankara, Oct. 28, 2025 — British Prime Minister Keir Starmer announced that the U.K. has signed a landmark agreement to sell Eurofighter Typhoon jets...
Australia to halve fuel tax in response to Middle East war
Anthony Albanese has announced a temporary cut in fuel tax to help Australians deal with rising petrol prices caused by ongoing tensions in the...
Nvidia chief expects revenue of $1 trillion through 2027
San José – Nvidia CEO Jensen Huang said Monday that the company expects to bring in at least $1 trillion in revenue through next...
Iraqi News
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...
Investment Call for Mosul Airport Management
Iraq has invited international companies specializing in airport management and operations to invest in and develop Mosul International Airport.
Prime Minister Ali al-Zaidi made the...
Iraq Customs Revenue up 32% Year-on-Year
Iraq’s General Customs Authority collected IQD 442.3 billion ($293 million) in customs revenues in September 2026, up from IQD 334.2 billion ($221 million) in...
The popular movement warns of the danger of using the exchange rate option to...
Hussein al-Karawi, head of the organizing committee for the popular movement supporting the Belt and Road Initiative, has warned against using the dollar exchange...