Iraq Economic News and Points To Ponder Late Thursday Evening 6-19-25

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The National Investment Commission Grants (4) Investment Licenses For Strategic Projects In The Renewable Energy Sector In Baghdad And A Number Of Governorates.

Thursday, June 19, 2025, | Economic Number of reads: 234   Baghdad / NINA / The National Investment Commission granted (4) investment licenses for strategic projects in the renewable energy sector in Baghdad and a number of governorates during this year.

The Chairman of the National Investment Commission, Haider Mohammed Makiya, said in a statement: “The Commission granted an investment license to the French company Total to establish a solar power generation station with a capacity of (1000) megawatts in Basra Governorate, while the second license was granted to the Chinese company Shanghai to establish a waste-to-energy plant using high-efficiency incineration technology in Baghdad Governorate.

He explained that the third license was awarded to the Karbala Solar Energy Company to establish a solar power generation station with a capacity of (300) megawatts in Karbala Governorate, while the fourth license was awarded to the Babylon Solar Energy Limited Company to establish the Alexandria Power Plant project in Babylon Governorate for solar energy with a capacity of (225) megawatts.” /End https://ninanews.com/Website/News/Details?key=1235295

Basra Oil Prices Rise By More Than 3%

Economy | 09:33 – 06/19/2025  Mawazine News – Baghdad –  Basra Heavy and Medium crude oil prices rose on Thursday, despite a decline in global crude prices.  Basra Heavy crude prices rose $2.29, or 3.30%, to reach $71.72, while Medium crude prices rose $2.29, or 3.16%, to reach $74.67.

Globally, oil prices fell as investors hesitated to take new positions after US President Donald Trump gave mixed signals about potential US involvement in the current conflict between Israel and Iran.
Brent crude prices reached $76.49, while US crude prices reached $75.09.
https://www.mawazin.net/Details.aspx?jimare=262775

A Slight Rise In The Dollar Exchange Rate In Baghdad. 

Economy | 06:00 – 06/19/2025  Mawazine News – Baghdad –  The dollar exchange rate witnessed a slight increase against the dinar in local markets on Thursday.

The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges to 143,850 Iraqi dinars for every $100, while it recorded 143,550 dinars for every $100 yesterday morning, Wednesday.

As for the selling prices in exchange shops in local markets in Baghdad, they rose, as the selling price reached 144,750 Iraqi dinars for every $100, and the buying price reached 142,750 dinars for every $100.   https://www.mawazin.net/Details.aspx?jimare=262795

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