The Dollar’s Value Has Decreased Against The Iraqi Dinar In Local Markets
Thursday, November 13, 2025, | Economy Number of views: 326 Baghdad / NINA / The exchange rate of the US dollar witnessed a noticeable decline against the Iraqi dinar in local markets on Thursday. The selling price reached 142,000 dinars per 100 dollars, and the buying price was 140,000 dinars per 100 dollars. /End https://ninanews.com/Website/News/Details?key=1261784
Key Decisions From The 45th Cabinet Meeting
Money and Business Economy News – Baghdad Prime Minister Mohammed Shia Al-Sudani chaired the 45th regular session of the Council of Ministers on Thursday, during which the general situation in the country was discussed, and the topics on the agenda were considered and the necessary decisions were made regarding them.
In the area of organizing residential areas, the Council approved addressing the situation of the occupants and users of the lands in Al-Mustafa neighborhood, in the Al-Suraidat area in the capital, Baghdad, which conflicts with the route of the road project linking Muhammad Al-Qasim Expressway and Kirkuk-Baghdad Road, passing through Al-Basatin neighborhood, in addition to adopting the recommendations and minutes of the committee formed in this regard, and completing the procedures for changing the type of land, subdivision, ownership, issuing deeds and all related administrative and legal procedures, provided that the Ministry of Construction and Housing undertakes to extend services to the designated part of the plot in the Bob Al-Sham area (water, sewage, roads and electricity).
The Cabinet approved the exception to the investment of an amount of (10%) as stated in its letter dated (September 1, 2025), and its inclusion in the project (Housing for the staff of the Iraqi Media Network) and its investment as an exception to the conditions of public bidding, in accordance with Council Resolution 245 of 2019 amended by Resolution 23374 of 2023.
The draft law amending the Commercial Agency Regulation Law (79 of 2017), which was reviewed by the State Council, was also approved and referred to the House of Representatives based on the provisions of the Constitution.
In the file of evaluating Iraqi civil aviation, the Council of Ministers approved contracting with a specialized company for the purpose of conducting an evaluation of the reality of the Civil Aviation Authority, and the Civil Aviation Authority will subsequently contract with the same consultant for the purpose of completing the requirements contained in the aforementioned evaluation report.
In the area of protecting Iraqi national products, and in accordance with the applications of Law No. (11 of 2011) amended, the Council of Ministers approved imposing a customs duty on the unit of measurement of imported tomato paste at a rate of (25%), for a period of 4 years without reduction, provided that this decision is implemented 4 months after the date of its issuance.
The Council voted to include a new document in the deposit regarding Law (20 of 2024), the Law on Iraq’s accession to the International Agreement on Olive Oil and Table Oils of 2015, based on the provisions of Article 29 of the relevant International Agreement, ratified under the aforementioned Law.
As part of the government’s efforts to follow up on the completion of stalled projects, the council monitored the progress of the projects listed on the agenda and took the following measures:
1- Introducing additional components, increasing costs and the amount of reserves in the Fallujah sewage project, adding rainwater and sewage networks and an additional pumping station, and equipping and implementing rainwater and sewage networks for the second phase of Al-Mansour neighborhood in Anbar Governorate.
2- Increasing the total cost and reserve amount for the project to rehabilitate two generators in the Al-Karkh water project.
3- Increasing the amount of the reserve and the total cost of the main project, (construction of police directorate buildings in (Al-Shura district, and Al-Baaj district) in Nineveh.
4- Increasing the amount of reserves and the total cost of projects in Nineveh Governorate, including the establishment of warehouses for the Nineveh Education Directorate in the districts of (Mosul, Tal Afar), the establishment of police directorate buildings in (Al-Shura sub-district, Al-Baaj district, the construction of a police station in Al-Qahtaniyah sub-district, and the project to rebuild the Nineveh Police Command building.
5- Increasing the reserve amount and the total cost of the Al-Khalis sewage project in Diyala Governorate.
6- Increasing the reserve amount and the total cost of the second phase of the Al-Kardhiya Bridge project in Al-Kut, Wasit Governorate. https://economy-news.net/content.php?id=62261
Basra Crude Oil Prices Rise Despite Global Decline In Oil Prices
Thursday, November 13, 2025, | EconomyNumber of views: 252 Baghdad / NINA / Prices of Basra Heavy and Basra Medium crude rose on Thursday, despite a decline in global oil prices.
Basra Heavy crude climbed $1.11, or 1.79%, to reach $63.12, while Basra Medium crude also rose $1.11, or 1.74%, to reach $64.97. Oil prices continued their earlier losses after data showed a rise in US crude inventories, raising concerns about a global supply glut. /End https://ninanews.com/Website/News/Details?key=1261778
After Reaching Its Highest Level, Gold Loses Part Of Its Gains In 3 Weeks
Economy | 13/11/2025 Mawazin News – Follow-up: Gold prices declined, driven by a slight recovery in the dollar and profit-taking after the precious metal climbed to its highest level in nearly three weeks in the previous session.
Gold’s rise was fueled by expectations of further interest rate cuts by the US Federal Reserve this year.
As of 06:40 GMT today, spot gold had fallen 0.2% to $4,116.65 per ounce, after reaching its highest level since October 23rd yesterday. Meanwhile, US gold futures for December delivery were trading at $4,121.70 per ounce.
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