Oil prices suffered sharp losses as markets closed.
Oil prices dropped sharply on Sunday as global markets reacted to changing conditions.Brent crude settled at around $90.38 per barrel, down more than 9%....
The dollar’s value has fallen for the second week in a...
The US dollar is heading for its second straight weekly decline, as investors turn a bit less cautious.This shift comes after a ceasefire between...
The Ministry of Finance denies canceling contracts for 150,000 job positions.
Iraq’s Ministry of Finance has denied reports claiming that 150,000 three-year budget contracts have been cancelled.In a statement, the ministry said the news is...
Economic: This month’s salaries are secured, and solutions are in place...
Economic expert Dr. Safwan Qusay says salaries for this month are secure and will be paid using revenues collected earlier this year.He explained that...
A deputy rules out the approval of the oil and gas...
MP Bahaa al-Nouri ruled out on Tuesday the possibility of passing the oil and fuel law during the contemporary length, attributing this to the...
New TIR Freight Corridor Linking Turkey, Iraq and Saudi Arabia
Iraq has completed a successful test run of a new freight route linking Turkey, Iraq, and Saudi Arabia under the TIR system.The journey started...
Pakistan: No date set yet for Washington-Tehran talks
Pakistan’s Foreign Ministry said on Wednesday that there is still no set date for the next round of talks between the United States and...
Financial expert reassures: Salaries are secure despite the oil export crisis.
Financial expert and Central Bank board member Ahmed Barihi has reassured Iraqis that salaries for employees and retirees are secure.He said concerns about the...
Contract Awarded for Rainwater Harvesting System
Gaith Al-Meshreq has secured a contract with the United Nations Development Programme (UNDP) to build a sustainable rainwater harvesting system.The project will focus on...
Iraq between financial constraints and energy dominance… calls to rebuild economic...
Iraq’s economy is facing growing challenges, especially when it comes to managing its money and reducing reliance on outside partners.Experts say one of the...
Dollar exchange rates decline in Iraqi markets
The US dollar saw a slight drop in Baghdad markets on Thursday morning as trading began.At the main exchanges, including Al-Kifah and Al-Harithiya, the...
Iraq’s $9.5B fiscal gap: Government triggers emergency borrowing plan
Iraq is facing a serious cash shortage, with a funding gap estimated between $8.5 billion and $9.5 billion.The problem has built up between March...
Iraqi News
Al-Kadhimi: Halting dollar shipments is American blackmail that infringes on Iraq’s sovereignty.
Former parliamentary finance committee member Mu'in al-Kadhimi criticized reports that the US halted dollar shipments to Iraq, calling the move “political blackmail” and interference...
1.6m bpd Kirkuk Export Pipeline Set for Relaunch
Iraq’s Ministry of Oil says exports through the Kirkuk-Fishkhabour-Turkey pipeline could resume soon, starting with limited volumes.The pipeline has a capacity of 1.6 million...
DNO issues Update on Production
Norwegian energy company DNO has given an update on its operations in Iraq’s Kurdistan region, saying it is preparing to ramp production back up...
Al-Jalabi: No new candidate will be nominated for prime minister without Maliki’s official withdrawal.
A member of Iraq’s Coordination Framework, Zuhair al-Jalabi, has clarified the current situation around choosing the next prime minister.He said that Nouri al-Maliki is...
In pictures: Temporary opening of Iraq’s longest bridge
Iraq’s Ministry of Construction and Housing has announced the temporary opening of the Hamrin Lake Bridge in Diyala to traffic.The move is meant to...