Oil Ministry clarifies Iraq’s position on OPEC and confirms there is...
Iraq's Ministry of Oil has denied reports claiming that the country is considering leaving OPEC, saying such reports do not reflect the official position...
There is a slight difference in dollar exchange rates between Baghdad...
The US dollar remained largely stable against the Iraqi dinar in Baghdad on Thursday morning, while exchange rates in Erbil saw a slight decline...
Al-Danbous: The liquidity crisis is due to two main reasons
Adnan al-Danbous, a senior member of the Reconstruction and Development parliamentary bloc, says Iraq's liquidity crisis is mainly being driven by a lack of...
Gold nears its lowest level in more than seven months
Gold prices moved lower on Thursday, staying close to their weakest levels in more than seven months.
Spot gold fell 0.4% to $3,985.89 per ounce...
Al-Husseini: Billions of dinars flow monthly to corrupt contractors
Former Iraqi MP Yasser al-Husseini said that Iraq has a real opportunity to strengthen and revive its economy by tackling corruption, removing corrupt officials,...
Total Energies pushes alternative Iraqi pipelines to west
French energy giant TotalEnergies has warned that heavy reliance on the Strait of Hormuz leaves global energy supplies exposed to regional conflicts and disruptions.
Speaking...
Parliamentary Finance Committee denies any intention to raise the exchange rate
Member of the Parliamentary Finance Committee, Mudhar al-Karawi, said on Wednesday that there are currently no plans to increase the exchange rate of the...
Dollar exchange rates decline in Baghdad and Erbil markets
The US dollar moved lower against the Iraqi dinar on Wednesday morning, ending the upward trend that had been seen in recent days.
In Baghdad,...
Oil prices fell globally after signs of stabilizing shipping activity.
Global oil prices continued to fall on Wednesday, reaching their lowest levels in four months as concerns over supply disruptions eased.
Brent crude dropped by...
Iraq Freezes New Govt Investment Projects
The Iraqi Council of Ministers has approved new measures aimed at reducing public spending, including a suspension of new investment project contracts across all...
Restricted Banks Near Reinstatement to Dollar Transfer System
The Central Bank of Iraq (CBI) announced that several banks previously barred from conducting dollar transactions have successfully completed the requirements of its banking...
Financial advisor: Domestic borrowing will not affect the Central Bank’s reserves,...
Financial advisor Mohammed Saleh said the Iraqi government’s plan to rely on domestic borrowing rather than external loans will not affect the foreign currency...
Iraqi News
Illegal Currency Network Dismantled as Dinar Weakens
Iraqi authorities have dismantled an illegal currency exchange and money transfer network in Baghdad, arresting five suspects and seizing $240,000 in cash.
According to the...
Oil Sector Talks for Iraqi PM in New York
Iraqi Prime Minister Ali Al-Zaidi held separate meetings in New York with representatives from U.S. oil companies HKN Energy and ExxonMobil to discuss investment...
The dollar is below 157,000 dinars in Baghdad and Erbil.
The US dollar continued to fall in Iraq's currency markets on Thursday, extending the downward trend that has been seen since the start of...
Al-Marsoumi: 23,000 employees in the Ministry of Electricity without certificates
Economic expert Nabil Al-Marsoumi has shared new figures highlighting the educational levels of some government employees in Iraq, based on data from the latest...
Foreigners’ wages exceed those of Iraqis: Parliamentary committee reveals salary gap in oil projects
Iraq's Parliamentary Committee on Oil, Gas, and Natural Resources has raised concerns about the large gap between the salaries of Iraqi workers and foreign...