Transport Committee: Iraq Is Taking Steps Towards Joining The World Maritime Trade Organization]
Economy | 17/11/2025 Mawazin News – Baghdad: The head of the Parliamentary Transportation Committee, Zahra al-Bajari, confirmed that Iraq is seeking to join the World Maritime Trade Organization (WMT), a move aimed at strengthening the country’s position in the maritime transport and international trade sector.
Al-Bajari stated that “joining the WMT is a strategic objective for Iraq due to its importance in developing the maritime transport sector and increasing investment opportunities, as Iraq possesses the necessary qualifications to participate in this international organization.”
She added that “this step will contribute to improving the infrastructure of Iraqi ports, expanding cooperation with member states, and enhancing Iraq’s standing in global trade.” Al-Bajari indicated that “the next parliament will support all measures aimed at achieving this goal.” https://www.mawazin.net/Details.aspx?jimare=270376
Sudani Affirms Iraq’s Commitment To The Stability Of The Global Oil Market
Energy Economy News — Baghdad Prime Minister Mohammed Shia al-Sudani affirmed on Monday Iraq’s commitment to the stability of the global oil market, in a way that guarantees the interests of both producers and consumers.
The Prime Minister’s Media Office stated in a statement received by “Al-Eqtisad News” that “Prime Minister Mohammed Shia Al-Sudani received the CEO of the Russian oil company Lukoil, Vagit Alekperov.
The meeting discussed ways to find solutions and mechanisms that enhance the stability of oil production, after the company was subjected to US Treasury measures, which affect the progress of its investment contracts. In addition, the meeting discussed the stability of the oil supply market and not affecting Iraq’s ability to contribute to oil production, as the company produces approximately 480,000 barrels per day from the West Qurna oil field.”
The Prime Minister affirmed “Iraq’s commitment to the stability of the global oil market, in a way that guarantees the interests of producers and consumers, and the continuation of Iraqi oil production at the established stable rates.”
https://economy-news.net/content.php?id=62393
Basra Crude Oil Prices Rise In Global Markets
Monday, November 17, 2025 | Economy Number of views: 195 Baghdad/ NINA / Prices of Basra Medium and Basra Heavy crude oil rose in weekly trading on Monday.
According to data from the Energy Administration, Basra Medium crude reached $63.92 per barrel, while Basra Heavy reached $62.07 per barrel, representing a change of +1.06% for both.
In global markets, Brent crude reached $63.75 per barrel, while West Texas Intermediate (WTI) crude reached $59.43 per barrel, representing changes of -0.66% and -0.64%, respectively. https://ninanews.com/Website/News/Details?key=1262313
Gold Prices Remain Stable Globally
Economy | 17/11/2025 Mawazin News – Follow-up: Gold prices held steady as investors awaited a series of US economic data releases this week that could provide a clearer picture of the Federal Reserve’s monetary policy path.
Spot gold rose 0.1% to $4,083.92 per ounce by 02:56 GMT, while US gold futures for December delivery fell 0.2% to $4,085.30 per ounce.
Traders are awaiting key data releases, most notably the September non-farm payrolls report on Thursday, along with an update to the economic data release schedule, which was impacted by the recent US government shutdown.
Investors currently estimate a 46% probability of a quarter-point US interest rate cut next month, compared to 50% last week, amid ongoing concerns about inflation and signs of relative stability in the labor market following two rate cuts this year.
Gold typically tends to perform well during periods of low interest rates and economic uncertainty, but a stronger dollar index has made the precious metal less attractive to holders of other currencies.
Data from SPDR Gold Trust—the world’s largest gold-backed fund—showed that its holdings fell 0.47% on Friday to 1,044.00 metric tons, compared to 1,048.93 tons the previous day.
Among other precious metals, silver rose 0.8% to $50.96 an ounce, platinum gained 0.7% to $1,552.36, and palladium climbed 1.7% to $1,408.13. https://www.mawazin.net/Details.aspx?jimare=270351
Dollar Prices Fall In Baghdad As The Stock Exchange Closes
Economy | 17/11/2025 Mawazin News – Baghdad: The exchange rate of the US dollar declined in Baghdad markets as the stock exchange closed.
The Al-Kifah and Al-Harithiya exchanges recorded a decrease in the price, reaching 141,250 Iraqi dinars per 100 US dollars, down from 141,400 dinars this morning.
Exchange rates also fell at currency exchange shops in the capital, Baghdad, with the selling price reaching 142,250 dinars per 100 US dollars, compared to a buying price of 140,250 dinars. https://www.mawazin.net/Details.aspx?jimare=270380
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