rising gold prices
Gold prices moved higher on Monday morning as investors reduced expectations that the US Federal Reserve will raise interest rates this month after recent…
Iraqi News & Economy Updates – Page 11
Latest Iraqi News posts
Abu Al-Eis calls for an investigation into the funds and properties of former officials
MP Mohamed Abu Al-Eis said there are former officials and political figures who allegedly used their positions in previous governments to accumulate huge amounts…
Gold prices hold steady in Baghdad, Erbil
Gold prices remained stable on Saturday in Baghdad and Erbil, with 21-carat gold trading around 945,000 IQD per mithqal, according to a market survey…
Basra crude ends the week with losses exceeding 7%
Basra Heavy and Basra Medium crude oil both ended the week with overall losses, even though prices moved higher during the final trading session.…
PM Al-Zaidi orders $2.5B+ economic support package
Iraqi Prime Minister Ali Al-Zaidi on Sunday announced a package of economic measures worth at least 3.5 trillion dinars ($2.67 billion) aimed at supporting…
Gold is falling and heading for a weekly loss as the dollar strengthens and interest rates remain high.
Gold prices declined on Friday and are on track for a weekly loss as the U.S. dollar strengthened and expectations grew that the Federal…
Oil prices fell as markets awaited developments in negotiations between Washington and Tehran amid escalating regional tensions.
Oil prices edged lower on Friday as traders monitored ongoing discussions between the United States and Iran, while continued military tensions in the Middle…
Al-Bayati rejects the privatization of electricity in Baquba… 3 reasons that determine his stance
MP Mohammed Qutaiba al-Bayati has expressed his opposition to the proposed electricity privatization project in residential areas west of Baquba, citing concerns about its…
Iraqi PM calls on US firms to seize investment opportunities
Prime Minister Ali al-Zaidi has invited American companies to expand their investments in Iraq, highlighting opportunities in petrochemicals, glass manufacturing, phosphate production, gas projects,…
Iraq imports first gasoline batch through Syria
Iraq has started importing its first gasoline shipments through Syria as part of efforts to address the fuel shortage affecting Baghdad and several other…
Illegal Currency Network Dismantled as Dinar Weakens
Iraqi authorities have dismantled an illegal currency exchange and money transfer network in Baghdad, arresting five suspects and seizing $240,000 in cash. According to…
Oil Sector Talks for Iraqi PM in New York
Iraqi Prime Minister Ali Al-Zaidi held separate meetings in New York with representatives from U.S. oil companies HKN Energy and ExxonMobil to discuss investment…
The dollar is below 157,000 dinars in Baghdad and Erbil.
The US dollar continued to fall in Iraq's currency markets on Thursday, extending the downward trend that has been seen since the start of…
Al-Marsoumi: 23,000 employees in the Ministry of Electricity without certificates
Economic expert Nabil Al-Marsoumi has shared new figures highlighting the educational levels of some government employees in Iraq, based on data from the latest…
Foreigners’ wages exceed those of Iraqis: Parliamentary committee reveals salary gap in oil projects
Iraq's Parliamentary Committee on Oil, Gas, and Natural Resources has raised concerns about the large gap between the salaries of Iraqi workers and foreign…
Gas Processing Unit Opens at East Baghdad South Field
Iraq has officially opened a new gas processing unit at the East Baghdad oil field with a production capacity of 30 million standard cubic…
New Wave Offshore Energy Wins Contract for AGUP Phase 2
Sinopec has awarded a Marine Warranty Survey contract to New Wave Offshore Energy for work related to Phase 2 of the Associated Gas Upstream…
Private Banks League discusses Banking Reform with Parliament
Iraq's Parliamentary Finance Committee recently held a workshop with the Iraqi Private Banks League (IPBL) to discuss the current condition of the country's banking…
The Ministry of Finance begins funding employee salaries for the month of September.
The Iraqi Ministry of Finance announced on Wednesday that it has officially started funding employee salaries for September. According to a brief statement from…
Gas Investment Plans Reviewed for Nahr Bin Umar Field
Iraq is moving ahead with plans to develop associated gas at the Nahr Bin Umar oil field in Basra province. The project was discussed…
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