Angola withdraws from OPEC due to the plan to reduce oil...
On Thursday, the Angolan government declared its intention to withdraw from OPEC. The reason behind this decision is the organization's production reduction plan, which...
Iraq awards Shanghai Electric to build a sea water desalination plant
Shanghai Electric, a Chinese state-owned company, has been awarded a contract by the Baghdad government to construct a seawater desalination plant in Southern Basra...
IDC Reclaims 2 Wells for North Oil Company
The Iraqi Drilling Company (IDC) has reclaimed two oil wells in Khabbaz and Jambur. oil fields in Kirkuk.
The Khabbaz/45 well was reclaimed as part of...
Houthi attacks in the Red Sea raise oil prices… Brent to...
Oil prices increased by up to 1% on Friday due to ongoing tensions in the Middle East following Houthi attacks on ships in the...
Parliamentary demands to expedite the approval of a new salary scale
On Thursday, the Parliamentary Economy, Industry, and Trade Committee called on the government to expedite the procedures for approving the new salary scale.
During an...
New Guides to Investment in Kurdistan Region of Iraq
The Kurdistan Regional Government (KRG) has released two new investment guides for the Kurdistan Region of Iraq (KRI).
This guide is designed to provide an...
Bloomberg: The value of shipping through the Red Sea increased by...
Attacks on ships passing through the Red Sea have increased the demand for shipping, transporting goods from manufactured items to oil and other commodities.
Since...
Oil stabilizes and a barrel of Brent hovers near $80
Oil prices remained stable on Thursday as Brent hovered around $80 a barrel. However, concerns regarding disruptions to global trade in the Red Sea...
Iraq sends 10 million liters of fuel to Gaza
On Thursday, the Iraqi Red Crescent announced that a ship carrying 10 million liters of fuel had departed from the port of Basra to...
For the purposes of the annual inventory, two government banks decide...
Two government banks announced the suspension of financial transfers and credit activities coinciding with the end of the current year on Wednesday.
A statement from...
Iraq’s non-oil GDP expected to grow by 5% in 2023: IMF
On Tuesday, the International Monetary Fund (IMF) announced that non-oil GDP is expected to rise by 5 percent in 2023 due to a significant...
Iraqi government, private banks import $255 million in two weeks
A government source announced on Wednesday that Iraq's government and private banks imported $255 million within two weeks.
According to statistics from the Central Bank...
Iraqi News
Government loans to purchase renewable energy systems
Rashid financial institution introduced the launch of special loans to buy renewable power systems (sun electricity) for citizens and personnel, with direct investment from...
The dollar crosses the 141,000-dinar barrier again on the Baghdad stock exchanges.
The alternate price of the united states dollar recorded a mild boom within the markets of the capital, Baghdad, on Monday morning.
A correspondent for...
Iraq Eyes Global Operator for Next Phase of Al-Faw Grand Port
the general corporation for Ports of Iraq (GCPI) has introduced the close to-completion of the infrastructure section of the Grand Al-Faw Port, with plans...
Iraqi oil under the microscope: Who’s selling it in Baghdad’s name? Analysis by expert...
Oil expert Yahya Al-Aqabi showed that the rumors about oil smuggling from Iraq "in its actual experience" do no longer agree to the winning...
Basra to Add Four New Water Desalination Plants
The Iraqi government has authorised a proposal from the Basra Governorate to consist of 4 new water desalination projects in its development plans.
The accredited...