Swiss Firm in Talks with Iraq on Electrical Equipment Plant
A Swiss company, Main Power Engineering, has held talks with Iraq's National Investment Commission (NIC) about building an integrated industrial complex to manufacture advanced…
Iraqi News & Economy Updates – Page 10
Latest Iraqi News posts
Oil prices surge after Trump dismisses Iran deal
Oil prices moved higher on Monday after U.S. President Donald Trump rejected a peace proposal from Iran aimed at ending the conflict and fully…
Al-Saadawi: The Kurdistan Region receives more than its fair share in the budget.
Former Parliamentary Finance Committee member Abdul Hadi Al-Saadawi said the Kurdistan Region is receiving more than its fair share of the federal budget and…
Investment Licences for 60,000 Residential Plots in Karbala
The Iraqi government has taken another step toward tackling the housing shortage by signing four investment licenses to develop 60,000 residential plots in Karbala.…
The budget is on the verge of being presented to parliament… Disputes over allocations bring the Kurdistan issue back to the forefront.
Iraq's financial situation is becoming more complicated as tensions in the region continue to rise following the conflict involving Iran. The crisis has put…
Basra Oil and Gas Expo concludes with 300 companies from 18 nations
The fourth Basra International Exhibition for Oil, Gas, Energy, and Petrochemicals wrapped up at the Basra International Fairground in Al-Maqal Port, bringing together around…
A new map for energy and trade: Will Iraq become the gateway from the Gulf to the Mediterranean?
A new report from Chatham House says Iraq, Syria, and Lebanon are trying to use their geographic position between the Gulf and Europe to…
Pipe Manufacturing Complex Planned for Basra
Iraq is discussing a major Indian investment that would establish a pipe manufacturing complex in Basra to produce oil, gas, and water pipelines for…
Iraq secures new US dollar cash shipment following Al Zaidi’s New York talks
Iraqi Prime Minister Ali Faleh Al-Zaidi has reached an agreement with U.S. officials to ensure regular shipments of physical U.S. dollars continue arriving in…
The leftist on the budget: The government must reduce spending.
Former MP Jawad Al-Yassari said on Saturday that Iraq's draft general budget is still being prepared by the government and has not yet been…
Iraqi Dinar Hoarding “Has Reached Critical Levels”
A senior financial advisor to the Iraqi Prime Minister has said that nearly 90% of Iraq’s money supply is being held outside the banking…
Population Distribution Report Launched in Baghdad
Iraq's Ministry of Planning, in cooperation with the International Organization for Migration (IOM), has launched a new report examining population distribution across the country…
Parliamentary Finance Committee on the region’s employees: Incorrect data and inaccurate population figures
Former Parliamentary Finance Committee member Abdul Hadi al-Saadawi has stated that the Kurdistan Regional Government has not accurately submitted employee data to the federal…
An economist accuses “influential parties” of fabricating the dollar crisis and calls on the Central Bank to intervene urgently.
Economist Abdul Rahman Al-Mashhadani said the recent rise in the dollar exchange rate in Iraq's local markets is not justified by normal market conditions.…
Between 12.67 and 14 percent… Conflicting figures bring the issue of Kurdistan’s share back to the forefront
A growing political dispute has emerged over the Kurdistan Region’s share of Iraq’s federal budget, with accusations that inaccurate employee and population data have…
Dollar exchange rates varied between Baghdad and Erbil at the start of weekly trading.
The US dollar exchange rate remained stable in Baghdad on Saturday morning, while it recorded a slight increase in Erbil at the start of…
MP: The 2027 budget will be sent this month and approved before the end of the year
Member of Parliament Mohammed Al-Moussawi said the Iraqi government is expected to send the proposed 2027 federal budget law to Parliament during this month.…
Oil prices fell after the G7 decided to release reserves.
Global oil prices declined on Monday after the G7 announced plans to release additional supplies from its strategic reserves in an effort to ease…
The electricity crisis deepens; Iraq buys 41% of its needs.
Iraq’s electricity sector continues to face major challenges, with the national grid still depending heavily on privately generated power and imports from neighboring countries.…
Basra crude ends the week with a loss exceeding $9 per barrel
Basra Heavy and Basra Medium crude oil ended the week sharply lower as global oil prices continued to fall. Basra Heavy crude dropped $8.57…
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