The Dollar Exchange Rate Fell In Baghdad
Stock Exchange Economy News – Baghdad The US dollar exchange rate fell against the Iraqi dinar on Monday morning in Baghdad markets.
The dollar exchange rate fell on Baghdad’s two main stock exchanges, Al-Kifah and Al-Harithiya, to 142,150 dinars per $100. On Sunday, it was 142,350 dinars per $100.
Selling prices at exchange offices in Baghdad’s local markets recorded a decline, with the selling price reaching 143,250 dinars for $100, and the buying price reaching 141,250 dinars for $100. https://economy-news.net/content.php?id=55596
Globally, Iraqi Oil Prices Decline.
Economy | 09:30 – 05/19/2025 Mawazine News – Follow-up: Iraqi oil prices recorded a new decline today, Monday, during daily trading in the global market.
According to data reviewed by “Baghdad Today”, Basra Medium crude recorded $63.64 per barrel, while Heavy crude recorded $60.49 per barrel, with a change rate of -0.57 for both.
The data also showed global oil prices, with British Brent crude recording $65.05, while US West Texas Intermediate crude recorded $62.17 per barrel, with a change rate of -0.37 and -0.33, respectively. https://www.mawazin.net/Details.aspx?jimare=261645
Gold Prices Rise In Local Markets
economy | 05/19/2025 Mawazine News – Baghdad Gold prices witnessed a significant increase today, Monday, as follows:
21-carat mithqal for 655,000 dinars, 18-carat mithqal for 560,000 dinars,
22-carat mithqal for 686,000 dinars, 24-carat mithqal for 748,000 dinars
https://www.mawazin.net/Details.aspx?jimare=261651
Economist: Iraq’s $40 Million Initiative To An Arab Fund Is An Important Step That Requires Clear Details.
Time: 2025/05/19 15:37:39 Read: 1,650 times {Economic: Al Furat News} Economic expert Salah Nouri praised the Iraqi government’s proposal to establish an Arab fund for recovery and humanitarian support, considering it an “important” step that reflects “a sense of shared Arab responsibility.”
Nouri told Al Furat News Agency that Iraq’s $40 million donation was a “good gesture,” but added that it was necessary to clarify the payment mechanisms and participation of other Arab countries in this fund.
The economic expert stressed that such funds “must be managed by the League of Arab States” to ensure “transparency and neutrality” in the distribution of aid.
He suggested that a headquarters be designated for the fund’s management and that clear instructions be issued regarding the “amount of donations” from member states.
Nouri also emphasized the importance of “forming specialized committees” to determine the needs of Arab countries affected by disasters and classify the types of disasters that require urgent support.
In a related context, the economic expert noted the “need to subject the fund’s management to strict oversight and auditing” by independent bodies to ensure “the proper use of funds and transparency” for member states and Arab citizens.
Nouri concluded his remarks by emphasizing that the success of this fund depends largely on “clarity of vision and procedures” and “the commitment of all Arab countries” to provide the necessary support to achieve its noble humanitarian goals. LINK
The Ministerial Council Approves Reducing Approval Procedures For Establishing Industrial Cities.
Ministerial Council for the Economy Money and Business Economy News – Baghdad
The Ministerial Council for the Economy approved on Monday simplifying approval procedures for establishing industrial cities and setting a timeframe for completing transactions and approvals.
The Council’s media office said in a statement, seen by Al-Eqtisad News, that “Deputy Prime Minister and Minister of Planning, Mohammed Tamim, chaired the 15th session of 2025 of the Ministerial Economic Council, which was held at the Council’s building in the presence of the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank, the Chairman of the Securities Commission, the Undersecretary of the Ministry of Oil, the Deputy Chairman of the National Investment Commission, and the Prime Minister’s advisors for economic and legal affairs.
” The statement indicated that “the Council discussed the items on its agenda and took the necessary decisions regarding them.”
It added that “the Council hosted the Prime Minister’s advisor to evaluate the work of insurance companies, especially the Iraqi Insurance Company. The advisor presented a working paper on mechanisms for developing the insurance sector in Iraq.”
The statement noted that “the Council hosted the Director-General of the Technical Department at the Ministry of Environment to discuss the mechanism for monitoring genetically modified shipments, such as soybean meal, by approving the import license issued by the Ministry of Trade to provide a database for these materials due to their environmental impact on the health of citizens and livestock of all kinds.”
He explained that “the Council decided to recommend to the Council of Ministers to include soybean meal in the import license. It also decided to form a committee headed by a representative of the General Secretariat of the Council of Ministers and including representatives from the Ministries of Trade, Finance, Justice, the Central Bank of Iraq, and a representative of the industrial sector in the Private Sector Development Council to submit a comprehensive study on the mechanisms for lending to industrial projects and submit its proposals and recommendations to the Ministerial Council for the Economy.”
He continued, “The Council also decided to approve the Ministry of Industry’s request to reduce the approval procedures for the establishment of industrial cities and set a timeframe for completing these transactions and approvals through the Committee for Allocation of Land to State Projects formed within the Ministry of Construction, Housing and Public Municipalities, provided that a member from the Industrial Cities Authority is added to coordinate work with this committee.”
He pointed out that “the Council approved the Ministry of Planning’s request to change the component (establishing a park south of the Kirkuk-Tikrit entrance) to establish a park north and south of Kirkuk city and to pave streets in Hawija district and its affiliated villages, as well as in the neighborhoods of Al-Uruba, Al-Mamduda, and Al-Nasr.” https://economy-news.net/content.php?id=55621
To Evaluate The Performance Of Local Insurance Companies, The Ministry Of Finance Announces A Contract With A Global Company.
Economy | 05/19/2025 Mawazine News – Baghdad Finance Minister Taif Sami confirmed on Monday that the Ministry of Finance has contracted with Ernst & Young to evaluate the performance of the ministry’s government insurance companies and submit recommendations regarding them.
Sami said in a statement followed by Mawazine News that “the Ministry of Finance, based on the directives of the Council of Ministers, has contracted with Ernst & Young to evaluate the work of government insurance companies.”
She added that “the company’s role will focus on submitting technical recommendations to the ministry regarding merging, restructuring, or improving the current performance of these companies, in line with international best practices and standards.” https://www.mawazin.net/Details.aspx?jimare=261675
Parliamentary Comment On The Closure Of The UNAMI Mission In Iraq
Political | 05/19/2025 Mawazine News – Baghdad – Member of the Foreign Relations Committee, Amer Al-Fayez, commented on Monday on the complete closure of the United Nations Assistance Mission for Iraq (UNAMI) in 2025.
Al-Fayez told Mawazine News, “The decision to close the UNAMI mission came as a result of Iraq’s complete political and security stability and the improvement of its relations with neighboring countries. This is evidence of the development of Iraq’s foreign policy and how it is improving its international dealings.”
He added, “The current circumstances and developments in all aspects of Iraq, especially its foreign policies, indicate that there is no need for the mission’s presence in Baghdad.”
Regarding the security and strategic repercussions of closing the United Nations mission in Iraq, the member of the Foreign Relations Committee explained that “it is impossible for it to lead to negative repercussions. On the contrary, it will certainly have positive effects, considering that Iraq has passed the stage of danger and is capable of managing itself. Such institutions turn to weak countries to assist them, and Iraq has successfully passed this stage.”
He continued, “The withdrawal of the mission in this manner is a step that indicates that Iraq has begun to engage with its international environment and act in a pivotal manner as a country with clear political and economic weight.”
The UN spokesperson announced yesterday, Sunday, the complete closure of the United Nations Assistance Mission for Iraq (UNAMI) in 2025.
The spokesperson said at a press conference held in New York, “The decision to close UNAMI came at the request of the Iraqi government, and after a comprehensive assessment of the situation in the country and the progress achieved in various fields.”
He added that “the closure process will be carried out gradually and in an orderly manner, and the remaining tasks will be transferred to other UN agencies and programs operating in Iraq or to the relevant Iraqi government institutions.”
He indicated that “the United Nations will remain committed to supporting Iraq and its people in their efforts to achieve stability, sustainable development, and promote human rights, through its specialized agencies and programs.”
The spokesperson did not provide further details about the specific timeline for the closure or the tasks that will be transferred to other entities.
This announcement comes after more than two decades of UNAMI’s work in Iraq, where it played a pivotal role in supporting the political process, providing humanitarian assistance, monitoring human rights, and advising the Iraqi government in various fields. https://www.mawazin.net/Details.aspx?jimare=261674
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
