Al-Sudani’s advisor reveals the positives of the Central Bank’s interest rate cut
Mazhar Muhammad Salih, the Economic Advisor to the Prime Minister, stated that the Central Bank's decision to lower interest rates to 5.5 percent encourages…
Iraqi News & Economy Updates – Page 177
Latest Iraqi News posts
Economic analysis of the development of Iraqi banks’ assets
Recent years have seen a notable expansion of the banking industry in Iraq, which is indicative of major initiatives to modernize the financial system…
Parliamentary Finance Committee calls on the government to control non-oil revenues
MP Moeen Al-Kadhimi, a member of the Parliamentary Finance Committee, demanded that the government control non-oil revenues on Saturday in order to achieve cash…
Iraqi Ministry of Electricity and GE Vernova power transmission project
The early completion of five important substation projects nationwide in less than two years was announced today by GE Vernova and the Iraqi Ministry…
Iraq reduces oil exports to 3.3 million barrels per day
Friday's announcement by the Ministry of Oil lowered daily oil exports to 3.3 million barrels. "Iraq has reduced its production and reduced its oil…
Iraq signs Gas Field Development Contract
A contract to develop the Mansuriya gas field in Diyala province has been signed by the Iraqi Ministry of Oil. The consortium of Petro…
IMF warns of global debt crisis threatening financial stability
The International Monetary Fund released a report detailing the worsening global debt crisis after it reached levels that pose a threat to global financial…
Rafidain Bank announces granting Riyada Initiative loans to more than 5,000 people
Since the program's inception, more than 5,000 individuals have received Riyada Initiative loans, Rafidain Bank announced today, Friday. "more than 5,000 loans have been…
Currency market muted as investors eye US jobs report, election
As investors awaited the U.S. jobs report to confirm economic resilience ahead of the Federal Reserve's monetary policy meeting and a close U.S. presidential…
State of Law: Ministerial change is currently ruled out
Haider al-Lami, a member of the State of Law Coalition, said on Thursday that there wouldn't be a ministerial reshuffle soon because the government…
Iraq inks a deal to develop Mansuriya gas field
The Iraqi Ministry of Oil reported on Thursday that Iraq had signed a contract to develop the Mansuriya gas field in Diyala governorate in…
Oil prices jump 2%, Brent crude hits above $74
Following a report that suggested Iran could be planning an attack on Israel in the next days, oil prices surged, drawing the market's attention…
Al-Mashhadani: I pledge to you that we will work as a cohesive team to legislate laws that serve the people of our country
On Thursday evening (October 31, 2024), Parliament Speaker Mahmoud Al-Mashhadani pledged to parliamentarians to "work as a cohesive team to legislate laws that serve…
MP: Polluting oil emissions besiege 6 provinces in Iraq
On Thursday, MP Ali Saadoun requested that the Environment Fund be established in Iraq. "The intensity of oil emissions in Iraq is concentrated directly…
Lebanon seeks to extend heavy fuel oil agreement with Iraq
Lebanon made the announcement that it is working to extend and increase Iraq's heavy fuel agreement. Walid Fayad, the interim Minister of Energy and…
Iran, Kurdistan sign trade agreement to boost economic ties
On Wednesday, the Iranian news agency IRNA reported that the Chambers of Commerce of Iraqi Kurdistan and Iran's Arvand Free Zone—which includes Abadan, Khorramshahr,…
400 electrical transformers installed in Kirkuk
In order to improve supply and distribution in the city center, districts, and sub-districts, the Kirkuk Governorate referred two projects in the electricity sector…
Barzani’s KDP earns 39 seats in Iraq’s Kurdistan parliament
The electoral commission announced on Wednesday that the ruling party in Iraq's oil-rich Kurdistan autonomous region won the most seats in the legislative election…
Economist: Political blocs and figures behind the rise in the dollar exchange rate
Today, Wednesday, economic expert Qasim Balshan confirmed that influential political groups and individuals are to blame for the rise in the dollar exchange rate.…
The Central Bank reveals the size of Iraq’s external debt
The size of Iraq's external debts was made public today, Wednesday, by Ali Al-Alaq, governor of the Central Bank. He also said that Iraq…
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