Al-Sudani Directs The Ministries Of Finance And Planning To Expedite Financing And Disbursement Procedures.
Economy | 06/24/2025 Mawazine News – Baghdad: Prime Minister Mohammed Shia Al-Sudani directed the Ministries of Finance and Planning to expedite the completion of financing and disbursement procedures for government projects and programs.
Al-Sudani’s government office said in a statement received by Mawazine News, “Prime Minister Mohammed Shia Al-Sudani chaired a meeting today, Tuesday, to approve the schedules of dues for the ministries’ investment projects.
” The meeting reviewed “the basic details of the projects, as the final schedule was approved to release (2) trillion dinars to cover the ministries’ investment plan projects in accordance with the relevant Cabinet decision, which was issued in the twenty-second session of this year, noting that (1.4) trillion dinars were released for investment projects in the governorates, and the Prime Minister directed the Ministries of Finance and Planning to expedite the financing and disbursement procedures.”
The statement explained that “this step comes as confirmation of the government’s direction towards completing its service projects, which will witness an acceleration in implementation and achievement, based on what was stated in the government program to develop the productive investment, service and economic sectors, in order to provide services to citizens.” https://www.mawazin.net/Details.aspx?jimare=263028
Oil Prices Fall To Their Lowest Level In More Than A Week
Energy Economy News – Baghdad Oil prices fell sharply to their lowest levels in more than a week on Tuesday after US President Donald Trump announced a ceasefire agreement between Iran and Israel, easing fears of supply disruptions in the major oil-producing Middle East.
Brent crude futures fell $2.08, or 2.9%, to $69.40 a barrel, after earlier falling more than 4% and touching their lowest level since June 11.
U.S. West Texas Intermediate crude fell $2.03, or 3.0%, to $66.48 a barrel, after falling 6% to its lowest level since June 9 earlier in the session.
Trump announced on Monday that Israel and Iran had fully agreed to a ceasefire. If both sides adhere to the agreed-upon timelines, the war will officially end within 24 hours, bringing the 12-day conflict to a close.
“If both sides adhere to the ceasefire as announced, investors may expect oil prices to return to normal,” said Priyanka Sachdeva, senior market analyst at Philip Nova.
“In the future, the extent to which Israel and Iran adhere to the terms of the recently announced ceasefire will play a significant role in determining oil prices,” she added.
Iran is OPEC’s third-largest crude oil producer, and de-escalation will allow it to export more oil and prevent supply disruptions, a major factor in the rise in oil prices in recent days.
Oil prices fell more than 7 percent at settlement in the previous session, after rising to their highest levels in five months following the US attack on Iranian nuclear facilities earlier this week, which raised fears of an escalation in the Israeli-Iranian conflict. https://economy-news.net/content.php?id=56560
Iraq Resumes Flights In The Southern Regions And Prepares To Open All Its Airports.
Money and Business Economy News – Baghdad The Ministry of Transport announced on Tuesday the opening of Iraqi airspace in the southern region to flights following the entry into force of the ceasefire between Iran and Israel. The ministry said in a brief statement that work is underway to resume flights at all Iraqi airports. https://economy-news.net/content.php?id=56563
Gold Prices Drop Sharply In Baghdad
Stock Exchange Economy News – Baghdad Foreign and Iraqi gold prices fell in local markets in the capital, Baghdad, on Tuesday (June 24, 2025).
Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price of 664 thousand dinars per mithqal of 21 karat Gulf, Turkish and European gold, and a purchase price of 660 thousand dinars. Yesterday, Monday, it recorded 678 thousand dinars.
The selling price of one mithqal of 21-karat Iraqi gold reached 634,000 Iraqi dinars, and the buying price was 630,000 Iraqi dinars.
As for gold prices in jewelers’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 665,000 and 675,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 635,000 and 645,000 dinars. https://economy-news.net/content.php?id=56567
The Dollar Price Is Falling In Baghdad.
Economy | 12:59 – 06/24/2025 Mawazine News – Baghdad – The dollar exchange rate witnessed a decline on Tuesday in local markets in three Iraqi governorates. The selling price in Baghdad reached 143,500 Iraqi dinars for $100, while the buying price reached 142,250 Iraqi dinars. https://www.mawazin.net/Details.aspx?jimare=263030
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
