Gold Prices In Baghdad Have Fallen; A Mithqal Of 21-Karat Gold Is Now Selling For 1.09 Million Dinars.
Money and Business Economy News – Baghdad Gold prices, both foreign and Iraqi, witnessed a decline in local markets in Baghdad on Saturday.
The selling price of a mithqal of 21-karat gold from the Gulf, Turkey, and Europe in the wholesale markets of Al-Nahr Street in Baghdad reached about 1.090 million dinars, while the buying price reached 1.086 million dinars, after it had recorded 1.120 million dinars last Thursday.
The selling price of a mithqal of 21-karat Iraqi gold was recorded at 1.060 million dinars, while the buying price was 1.056 million dinars.
In goldsmith shops, the selling price of a mithqal of 21-karat Gulf gold ranged between 1.090 and 1.100 million dinars, while the selling price of a mithqal of Iraqi gold ranged between 1.060 and 1.070 million dinars.
https://www.economy-news.net/content.php?id=66725
Gold Prices Dip In Baghdad, Erbil
2026-03-14 Shafaq News- Baghdad/ Erbil On Saturday, gold prices hovered around 1.09 million IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.
Gold prices on Baghdad’s Al-Nahr Street recorded a selling price of 1.090 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1.086 million IQD. The same gold had sold for 1.120 million IQD on Thursday.
The selling price for 21-carat Iraqi gold stood at 1.060 million IQD, while the buying price reached 1.056 million IQD.
In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.090 million and 1.100 million IQD, while Iraqi gold sold for between 1.060 million and 1.070 million IQD.
In Erbil, 22-carat gold was sold at 1.123 million IQD per mithqal, 21-carat gold at 1.072 million IQD, and 18-carat gold at 919,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-dip-in-Baghdad-Erbil-4
Iraq Consumes 1M+ Oil Barrels Daily
2026-03-14 Shafaq News- Baghdad Iraq consumed more than 1.04 million barrels of crude oil per day in 2026, ranking 22nd worldwide and second among Arab countries in oil consumption, according to data published by Global Firepower.
Saudi Arabia recorded consumption of 3.5 million barrels per day, followed by the United Arab Emirates with 846,000 barrels, and Kuwait with 840,000 barrels daily.
Globally, the United States remains the largest oil consumer at 20.3 million barrels per day, followed by China with 16.1 million barrels, and India at 5.2 million barrels. Russia ranks fourth with 3.8 million barrels per day, while Saudi Arabia holds the fifth position globally. https://www.shafaq.com/en/Economy/Iraq-consumes-1M-oil-barrels-daily
Basrah Crude Records Over 30% Weekly Gains
2026-03-14 Shafaq News- Basrah Iraq’s Basrah crude grades posted weekly gains exceeding 30% last week.
Basrah Heavy crude advanced $8.83 in the latest session to $112.82 per barrel, bringing its weekly increase to $30.20, or 36.6%. Basrah Medium crude gained $8.83 to $114.77 per barrel, with weekly gains reaching $30.20, or 35.7%.
Global oil benchmarks moved higher as regional tensions outweighed efforts by the International Energy Agency (IEA) and the United States to calm supply concerns, with the US–Iran war entering its third week.
Brent crude settled at $103.14 per barrel, up $2.68 (2.67%), while US West Texas Intermediate (WTI) closed at $98.71 per barrel, rising $2.98 (3.11%). https://www.shafaq.com/en/Economy/Basrah-crude-records-over-30-weekly-gains
US Dollar Drops In Baghdad And Erbil Markets
2026-03-14 Shafaq News- Baghdad/ Erbil The US dollar opened Saturday’s trading lower in Iraq, hovering around 154,000 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 154,050 dinars per 100 dollars, down from Thursday’s 154,250 dinars.
In the Iraqi capital, exchange shops sold the dollar at 154,500 dinars and bought it at 153,500 dinars, while in Erbil, selling prices stood at 153,850 dinars and buying prices at 153,750 dinars.
U.S. Energy Secretary Says Focus Is On Ending Iran’s Ability To Threaten Global Energy Markets
Today, 01:13 INA- Follow-Up U.S. Energy Secretary Chris Wright said Washington is focused on ending Iran’s ability to threaten Americans and global energy markets amid ongoing disruptions in energy supplies.
In press remarks, Wright said that “the world is currently witnessing temporary disturbances in energy supplies,” adding that the United States is working to curb Iran’s capacity to threaten both Americans and global energy markets.
He added, “We are working with President Donald Trump to take practical steps to reduce energy costs during this transitional period.” https://ina.iq/en/economy/46573-us-energy-secretary-says-focus-is-on-ending-irans-ability-to-threaten-global-energy-markets.html
Oil Prices Record Weekly Surge amid Supply Shortage Concerns
Today, 12:08 Oil futures surged during Friday’s session as the Strait of Hormuz remains closed. Analysts remain cautious regarding potential and sudden developments over the weekend following two weeks of escalating conflict in the region.
Brent crude futures for May delivery rose by $2.68, or 2.67%, to settle at $103.14 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) for April delivery increased by $2.98, or 3.11%, settling at $98.71.
On a weekly basis, Brent crude recorded a significant gain of 11.27%, while WTI surged by 8%.
Trump: Iran “Wants a Deal—But Not a Deal That I Would Accept”
Today, 10:10 U.S. President Donald Trump said that Iran is seeking to reach an agreement but stressed that he would not approve any such deal, according to remarks made two weeks after the start of the war in the Middle East.
Writing on his “Truth Social” platform, Trump described media outlets as “fake,” adding that they “hate to report the extent of the great success achieved by the U.S. military against Iran,” in his words.
“The fake news media hates talking about the great results achieved by the U.S. military against Iran, which has been totally defeated and wants to make a deal — but it will not be a deal that I accept,” Trump wrote.
The Airline Announces Exceptional Evacuation Flights For Stranded Iraqis.
Money and Business Economy News – Baghdad The Iraqi Airways General Company confirmed on Saturday that it will carry out exceptional evacuation flights for stranded people via Cairo and Delhi to Saudi Arabia tomorrow.
The company stated in a statement that “In implementation of the directives of the Minister of Transport, Khalid Shawani, and in response to the appeals of Iraqi citizens stranded abroad due to the current events, the General Company for Iraqi Airways announced the implementation of exceptional flights to evacuate citizens starting from Sunday, the 15th, until Wednesday, the 18th of this month, after obtaining official approvals, within the framework of the government’s efforts to ensure their return to the homeland as quickly as possible.”
According to the statement, the company’s general manager, Munaf Abdul-Munim, said that “the operational plan approved by the crisis cell includes operating six flights from Dalaman Airport in Turkey, with two flights from Cairo and four flights from Delhi heading to the Kingdom of Saudi Arabia, in preparation for returning them to Iraq by land through the Arar border crossing.”
He added that “Iraqi Airways has put its technical and operational crews in a state of full readiness to carry out this humanitarian mission in accordance with the highest standards of safety and organization,” calling on citizens wishing to return to “visit the company’s offices and the Iraqi embassies in Cairo and Delhi to register their names and complete travel procedures within the evacuation flights,” stressing “continued coordination with the competent authorities to ensure the safe and rapid return of all those stranded to the country.” https://www.economy-news.net/content.php?id=66732
Closure Of All HSBC Bank Branches In Qatar
Banks Reuters reported on Wednesday that all HSBC bank branches in Qatar have been closed.
The agency reported that “Standard Chartered Bank has begun evacuating a number of its employees from its offices in Dubai,” noting that “banks have intensified their precautionary measures following an Iranian warning that Tehran may target American and Zionist banks in the region.”
She added that “HSBC Bank in Qatar has closed all its branches following the Iranian warning,” explaining that “a text message was sent to customers stating that all branches of the bank in Qatar will remain closed until further notice to ensure the safety of customers and employees.” https://www.economy-news.net/content.php?id=66633
