EBRD Trade Finance Facility for Iraq’s Al Mansour Bank
The European Bank for Reconstruction and Development (EBRD) has signed a $75 million trade finance agreement with Al Mansour Bank for Investment (MBI), one...
After its legislation was delayed, a member of parliament threatened to...
Ahmed Shaheed, Deputy Head of the “Abshir Ya Iraq” parliamentary bloc, said on Wednesday that his bloc will push next week for the draft...
Supported by the global market, Basra crude rises by more than...
Iraq’s Basra crude oil prices moved higher on Wednesday, following a broader rise in global oil markets and gains in several OPEC crude grades.
Basra...
New Chairman for Trade Bank of Iraq
Ali Abdul-Reza Hassan al-Alwan has been appointed as the new Chairman and President of the Board at the state-owned Trade Bank of Iraq (TBI)....
Gold rises as bond yields fall and the public awaits the...
Gold prices moved higher on Wednesday as U.S. Treasury yields eased, giving support to the precious metal after a sharp decline in the previous...
Parliamentary Integrity Committee: The law on recovering proceeds of corruption is...
Ahmed Shaheed, a member of Iraq’s Parliamentary Integrity Committee, said the proposed Law on Recovering the Proceeds of Corruption is designed to strengthen Iraq’s...
Iraqi oil gains amid rising supply concerns
Iraq’s Basra crude grades moved higher on Tuesday, following gains in global oil markets as investors grew increasingly concerned about energy supplies and rising...
Economist: Removing zeros will reduce inflation and withdraw money from corrupt...
Economic researcher Haitham Al-Khazali says that removing zeros from Iraq’s currency could have several positive effects on the economy if the government decides to...
Gold continues its gains as expectations of an interest rate hike...
Gold prices climbed for a third straight session on Tuesday as investors reduced expectations that the US Federal Reserve will raise interest rates next...
USD/IQD exchange rates dip in Baghdad, climb in Erbil
The US dollar traded near 154,000 Iraqi dinars per $100 on Tuesday morning, showing a small decline in Baghdad while moving slightly higher in...
Al-Mashhadani: Justifications for seizing the funds of corrupt individuals through currency...
Economic expert Abdul Rahman Al-Mashhadani has stressed that any decision to remove zeros from the Iraqi dinar or introduce a new currency structure falls...
Gold rises to $4,391 per ounce
Gold prices moved higher on Monday as investors continued to watch global market conditions and currency movements.
Spot gold rose 0.4% to $4,391.07 per ounce,...
Iraqi News
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 the...
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...