Basra crude closes lower for the week
Iraqi crude oil prices ended the week lower despite a modest recovery in global oil markets during the latest trading session. Basra Heavy crude…
Iraqi News & Economy Updates – Page 32
Latest Iraqi News posts
Parliamentary Economy Committee: Investment Law has been stalled for political reasons
Former Deputy Chairman of Iraq’s Parliamentary Economic Committee, Yasser al-Husseini, said the country's investment law was delayed in recent years due to political disagreements,…
Gold prices vary between Baghdad and Erbil.
Gold prices remained largely stable in Baghdad on Saturday, while markets in Erbil recorded noticeable gains, as the Iraqi dinar strengthened slightly against the…
Al-Shabaki: Washington is practicing political blackmail against Iraq
Iraqi MP Qusay al-Shabaki has accused the United States of increasing its influence over Iraq's internal affairs, claiming that Washington is attempting to affect…
ZainCash CEO: Iraq 5 Years Behind in Digital Payments
Iraq remains about five years behind global trends in digital payments, according to Yazen Altimimi, who says the country’s financial technology sector is making…
The dollar is heading for its biggest weekly loss in three months, while the yen recovers after US jobs data.
The U.S. dollar is heading for its largest weekly decline in nearly three months after weaker-than-expected labor market data increased expectations that the Federal…
Gold jumps more than 1% and is on track for its first weekly gain in five weeks.
Gold prices jumped more than 1% on Friday and are on track for their first weekly gain in five weeks, as weaker-than-expected U.S. employment…
Kurdish opposition: The “Ronaki” project will generate profits for Barzani amounting to 90 billion dinars.
Independent Kurdish politician Saman Ali has criticized the Kurdistan Region’s Ronaki electricity privatization project, claiming that the initiative could generate more than 90 billion…
Oil prices rose slightly amid cautious optimism about peace efforts and the resumption of supply flows.
Oil prices edged higher on Friday as investors closely monitored geopolitical developments and awaited further signals on efforts to ease tensions between the United…
Iraq Central Bank strengthens fight against corruption and money laundering
Iraq’s new Central Bank Governor, Nizar Hussein, and Federal Integrity Commission Chairman Mohammed Al-Lami have pledged to strengthen cooperation in combating corruption, money laundering,…
Basra crude oil prices fell by more than 1% as global oil prices declined.
Iraqi oil prices moved lower on Thursday, tracking declines in global energy markets. Basra Heavy crude fell to $62.32 per barrel, down $0.66, or…
Dollar exchange rates varied between Baghdad and Erbil at the start of trading.
The U.S. dollar recorded mixed movements against the Iraqi dinar during Thursday morning trading, falling in Baghdad while posting a slight increase in Erbil.…
Iraq at an economic crossroads: Fears of a rising dollar and debate over remaining in OPEC
Economic concerns continue to weigh heavily on many Iraqis, especially low-income families and workers with limited salaries, as uncertainty grows over the country's financial…
Gold rises as employment data falls and the world awaits the US jobs report.
Gold prices moved higher on Thursday as weaker-than-expected U.S. private sector employment data increased expectations that the Federal Reserve could ease monetary policy in…
Electricity authority begins implementing electronic payment for billing in Baghdad and collecting payments from those who refuse to pay.
Iraq’s Ministry of Electricity has started implementing an electronic payment system for bill collection in Baghdad as part of its broader push toward digital…
Parliamentary Integrity: The law on recovering funds tops the priorities of the next legislative phase.
Member of the Parliamentary Integrity Committee Ahmed Shaheed said on Wednesday that the Asset Recovery Law will be one of the committee’s main priorities…
The director of Diyala Electricity was dismissed and a replacement was appointed.
A source revealed on Wednesday that Iraq’s Ministry of Electricity has decided to replace the head of the Diyala Electricity Branch. According to the…
Iraqi oil strengthens its gains in today’s trading
Iraqi crude oil prices posted strong gains on Wednesday, supported by a broader rise in global oil markets. Basra Heavy crude climbed to $62.98…
MP: Continued presence of foreign workers exacerbates economic burdens in Iraq
MP Jassim Al-Moussawi of the State of Law Coalition has called on the Iraqi government to take firm action on the issue of foreign…
The dollar continues to decline in Baghdad and Erbil as morning trading begins.
The U.S. dollar edged lower against the Iraqi dinar on Wednesday morning in both Baghdad and Erbil as trading opened, reversing some of the…
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