The Dollar Continues To Bleed Against The Iraqi Dinar.
Economy | 04/29/2025 Mawazine News – Baghdad – The exchange rate of the US dollar against the Iraqi dinar decreased in Baghdad markets on Tuesday.
The dollar price decreased on the Al-Kifah and Al-Harithiya stock exchanges, recording 144,650 dinars for every $100, while the price was 145,300 dinars for every $100 on Monday morning.
Selling prices also decreased in exchange shops in Baghdad’s local markets, where the selling price reached 145,500 Iraqi dinars for every $100, and the buying price reached 143,500 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=260985
Government Advisor: Iraq Is In A Prosperous And Prosperous Era Despite The Difficulties Of The International Economy.
Time: 2025/04/29 Read: 3,645 times {Economic: Al Furat News} The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed that operating expenses, which include salaries and other expenses, constitute approximately 57% of total annual spending in Iraq, and are fully covered as construction projects proceed at an accelerated pace.
Saleh explained in a statement to Al Furat News Agency, “This confirms the success of fiscal space management in supporting the country’s financial, economic, and developmental sustainability, even in light of the relative decline in the oil asset cycle.”
He pointed out that this has had a positive impact on citizens’ living conditions, as annual growth in the general price level, or the inflation index, has remained below 4% per year, a key indicator in the country’s stability roadmap and maintaining its standard of living.
Saleh described the current situation as a “prosperous and prosperous era” despite the difficulties facing the regional and global economies.
He noted that Iraq ranks third in the West Asia region in terms of GDP composition, after Saudi Arabia and the United Arab Emirates, among the group of Arab countries with high annual national incomes, according to the latest international indicators and estimates. LINK
Basra Crude Oil Prices Stabilize At Around $67.44
economy | 09:31 – 04/29/2025 Mawazine News – Baghdad – Iraqi oil prices stabilized on Tuesday during weekly trading in the global market.
According to a report reviewed by Mawazine News, Basra Medium crude oil recorded around $67.44 per barrel, while Heavy crude oil recorded $64.28 per barrel, with a change of -0.22 for both.
The report also showed an increase in global oil prices, with British Brent crude recording $65.22, while US West Texas Intermediate crude oil recorded $61.42 per barrel, with a change of -0.64 and -0.62, respectively. https://www.mawazin.net/Details.aspx?jimare=260981
Oil Announces Final Statistics On Exported Quantities During Last March
Energy Economy News – Baghdad The Ministry of Oil announced on Tuesday the final statistics on exported quantities during the month of March, indicating that revenues amounted to approximately $8 billion.
The ministry said in a statement seen by Al-Eqtisad News that “total oil revenues amounted to approximately $8 billion last month.” She explained that “total oil exports amounted to (106,663,211) barrels.”
The ministry continued, “The quantities of exported barrels of Basra oil amounted to (104,740,398), while the quantities of exported barrels of Kirkuk oil – Qayyarah field amounted to (1,613,048), while the quantities of exported barrels from the modern Kirkuk oil depot to Jordan amounted to (309,765).” 67 views 04/29/2025 – https://economy-news.net/content.php?id=54946
Baghdad Hosts A Unique Event On Innovation. Global Companies: Iraq Is Moving Forward With Digital Transformation
Tuesday, April 29, 2025, 4:39 PM | Economic Number of reads: 181 Baghdad / NINA / The capital, Baghdad, hosted the Dell Technologies Data Innovation Conference, with the attendance of government, parliamentary, and academic community figures, as well as businessmen and investors from the private sector in Iraq, to learn about the latest releases and technologies of modern information systems provided by Dell.
Dell experts reviewed the role of technology in leading digital transformation, stressing that Iraq is making rapid strides in digital transformation. “We contribute with public and private sector institutions to develop technology in Iraq, as well as help in developing plans and strategies for digital transformation, and defensive plans against cybersecurity attacks,”
said Sami Samara, Dell Regional Director in Iraq, in an interview with the National Iraqi News Agency ( NINA
). He added, “Through cooperation with the public and private sectors, we will offer extensive experience gained from America, Europe and Asia, with the aim of sharing this experience with the Iraqi market and developing it to achieve various successes in the technology and artificial intelligence sector. We also work with our local partners and with the public and private sectors, as we excel in designing and competitive growth for institutions.”
He continued, “There are specific requirements for the banking, business, communications, health, defense, and cybersecurity sectors. Each of these sectors has its own unique characteristics and requirements, which is why we can identify the priorities and work systems in these sectors.”
He emphasized that “Iraq is making rapid strides, and there is significant development and significant support from the government through clear directives. Today, there is Iraqi expertise, a workforce, and a growing knowledge base for the younger generation in modern technology.”
In turn, the Managing Director of Global Technology Company, Ziad Al-Ani, confirmed in an interview with the National Iraqi News Agency ( NINA ), that this event is a true result of joint work and not the beginning of a new project.
He added, “The continued support of the Prime Minister and the government’s orientation towards technological and technical development in Iraq has placed the Iraqi market at the forefront of international companies’ interests, so that they prepare to work within Iraq themselves instead of choosing agents and representatives.”
He added, “The government’s strategy for digital transformation and infrastructure to be a distinguishing mark of the government’s work conveys a true picture to decision-makers in international companies of Iraq’s seriousness in building and developing this system.”
He continued, saying, “The greatest attention is focused on the government sector due to the urgent need, as Iraq has actually begun entering the field of digital technology since 2022-2023, and there is increasing demand in the local market to attract these needs.” He pointed out that there are many mechanisms for digital transformation to place Iraq among the ranks of global countries.
He added, “After 2003, we have a young generation aged 22-26 years old who are qualified to lead the digital transformation, and this is evidence that Iraq He has the human potential and economic strength of the state that makes the local market an effective market. /End https://ninanews.com/Website/News/Details?key=1223779
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