Update on Oil Discovery in Najaf’s Qurnain Block
Iraq's Ministry of Oil has provided an update on the recent hydrocarbon discovery at the Qurnain exploration block in Najaf province. Ministry spokesman Salim…
Iraqi News & Economy Updates – Page 22
Latest Iraqi News posts
Iraqi Housing Fund Loans: Electronic Applications Open Soon
The Iraqi Housing Fund has announced that online applications for housing loans will open on 23 August and continue for four days, with specific…
Iraqi Bank Reforms Could Open up Sector for Regional Investors
Iraq’s banking sector could become more attractive to regional investors as the government moves ahead with reforms aimed at improving oversight and strengthening the…
Iraqi-Turkish Rail Talks on Development Road Project
Iraq's General Company for Railways held talks with a Turkish delegation to discuss the next steps for implementing a transport infrastructure memorandum of understanding…
Al-Moussawi: America continues to use Iraqi funds as leverage to pressure Baghdad.
Political analyst Haider al-Moussawi criticized the United States for continuing to use Iraqi funds as a way to pressure Baghdad and push it toward…
Lebanon Plans Iraqi Oil Transit Hub
Lebanon is taking steps to become a storage and re-export hub for Iraqi crude oil and petroleum products as part of the first phase…
MP: Proposed leave law aims to reduce operational expenses
Iraqi MP Hayam Al-Yasiri said the proposed leave law is closely linked to the financial challenges facing the country and is intended to help…
Parliamentary committee warns of public discontent due to declining electricity supply.
A member of Iraq’s Parliamentary Electricity Committee has warned that public frustration could grow as electricity supply hours continue to decline across the country.…
Gold extends gains and nears $4,500 an ounce
Gold prices moved higher on Wednesday, with gold futures reaching $4,462.32 per ounce. That was an increase of $21.22, or 0.48%, as investors continued…
Dollar moves above 153,000 IQD in Baghdad, Erbil
The US dollar started Wednesday a little higher in Iraq, staying close to 153,000 dinars per 100 dollars. In Baghdad’s Al-Kifah and Al-Harithiya currency…
State-owned factories: between sale and investment… Will assets become painkillers for financial crises?
The Iraqi government's recent discussions about selling state-owned assets, especially factories and facilities belonging to the Ministry of Industry, have sparked growing criticism and…
Dana Gas Reports 47% Increase in Net Profit
Dana Gas reported a strong first half of 2026, posting a net profit of AED 393 million ($107 million), marking a 47% increase compared…
Turkish Firm signs MoU for Smart Water Management
Iraq's Ministry of Water Resources has signed a memorandum of understanding (MoU) with Turkish technology company Kolaysoft to strengthen cooperation in smart water resource…
An economist says selling state assets is a waste of public funds, and investment is the best option.
Economic expert Hashim Al-Haboubi has warned against any plans to sell state-owned assets, especially factories and facilities belonging to Iraq’s Ministry of Industry, saying…
Brent crude hits highest level since the end of July
Global oil prices surged sharply on Tuesday, with both major benchmarks posting strong gains as uncertainty continued to surround negotiations between the United States…
MP: More than $70 billion spent on electricity with no tangible results
Iraqi MP Riyadh Adai said on Monday that the country’s electricity sector continues to face serious problems بسبب corruption and poor management, despite billions…
The dollar exceeds 152,000 dinars in Baghdad and Erbil
The exchange rate of the U.S. dollar increased against the Iraqi dinar on Monday in both Baghdad and Erbil markets. In Baghdad’s Al-Kifah and…
Amid the salary and liquidity crisis, four new positions spark widespread public discontent in Iraq.
The decision by the State Administration Coalition to appoint four deputy prime ministers for Ali al-Zidi has sparked strong criticism among many Iraqis, especially…
Brent crude jumps to $84.46 a barrel
Global oil prices moved higher on Monday as markets remained uncertain about the reopening of the important Strait of Hormuz. Brent crude futures increased…
$4322 an ounce… Gold retreats after strong gains
Gold prices slipped on Monday after reaching their highest level in seven weeks during the previous session. Spot gold fell by 0.5% to around…
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