Gold stabilizes and heads for new weekly gains
Gold prices were largely unchanged on Friday, but the precious metal is still on track to record its third consecutive weekly gain. The rally…
Iraqi News & Economy Updates – Page 20
Latest Iraqi News posts
Oil is on track for its second weekly gain amid continued Middle East supply disruptions.
Oil prices remained mostly steady on Friday, but they are still on track to post gains for a second consecutive week as concerns over…
Musk warns of the consequences of US debt reaching $50 trillion
Elon Musk has voiced concern about the growing U.S. national debt, agreeing with a prediction that the situation could become very serious if the…
Rafidain Bank to Offer Loans for Bismayah Apartment Contractors
A major step has been taken to resolve the long-delayed loan issue for contractors working on residential units in the Bismayah housing project. The…
Al-Fares Supplies Maysan with Water Purification Plant
Al-Fares General Company, which operates under Iraq’s Ministry of Industry and Minerals, has supplied the Maysan Water Directorate with a complete water filtration and…
New Loan Under Discussion for Iraq Electricity Infrastructure
Iraq and the World Bank have discussed plans for a new loan aimed at supporting the country’s electricity sector. The talks took place during…
Italian Companies Invited to Join Iraq’s Development Driv
Iraq is looking to strengthen its economic relationship with Italy and expand cooperation with countries across the European Union. Prime Minister Ali al-Zaidi met…
For the third day, releases from the Mosul Dam remain stable and the Tigris River levels rise.
Sources said on Thursday that water releases from Mosul Dam into the Tigris River have remained steady at 950 cubic meters per second for…
The State of Law coalition maintains its position: no changes to the names of our previous ministerial nominees.
Salah Boushi, a member of the State of Law Coalition, said completing the Iraqi cabinet remains an important political and government priority. He stressed…
Dollar falls against dinar in Baghdad and Erbil
The US dollar weakened against the Iraqi dinar on Wednesday, with exchange rates staying close to 154,000 dinars for every $100 in both Baghdad…
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 reveal the parties obstructing the Popular Mobilization Forces law.
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 5%
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.…
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 Fed minutes.
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 a step towards closing loopholes in recovering funds.
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 officials.
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 recede.
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…
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