VTS Vessel Monitoring System Launched in Iraqi Waters
The Iraqi Supreme Maritime Authority has launched a Vessel Traffic Service (VTS) system to monitor and manage ship movements in Iraq’s territorial waters. The…
Iraqi News & Economy Updates – Page 4
Latest Iraqi News posts
A burdensome budget even before its enactment… Parliamentary criticism of the focus on expenditures, employment, and repetitive clauses
The government’s budget plans and its move to raise the dollar exchange rate to increase revenues have faced strong criticism from politicians, economists, and…
Gold is heading for its biggest weekly loss in more than four months as oil prices rise.
Gold prices fell on Friday and are heading for their biggest weekly decline in more than four months. Rising oil prices and strong U.S.…
What will the budget look like if the price of a barrel of oil is calculated at more than $60?
Economic expert Dr. Safwan Qusay explained how Iraq’s budget could benefit if oil prices remain at $60 per barrel or higher. Speaking to Dinar…
UK-Iraq Electricity Cooperation Talks
Iraq’s Minister of Electricity, Ali Saad Wahib, met with British Ambassador to Iraq Irfan Siddiq to discuss ways to strengthen cooperation in the electricity…
Iraqi-Czech Water Forum Explores Investment in Water Technology
A Czech-Iraqi water forum was held in Baghdad under the theme “Czech Solutions for Iraq’s Water.” The event brought together Iraqi officials and Czech…
Gold falls to $4,115 an ounce
Gold prices fell at the start of Asian trading on Thursday. Spot gold dropped 0.6% to $4,115.50 per ounce, while U.S. gold futures for…
Brent crude surpasses $110 a barrel
Prices of Iraq’s Basra Medium and Basra Heavy crude oil rose by 27 cents per barrel on Thursday. Basra Medium reached $73.62 per barrel,…
Parliamentary calls to track corruption funds and recover those smuggled abroad
MP Ahmed Al-Shammari has called for new laws to help track down and recover money obtained through corruption, whether the funds are kept inside…
Gas Processing Plant Opens at Garraf Oil Field
A new system for processing and using associated gas has started operating at the second separation station of the Garraf oil field in Dhi…
Iraqi Dinar’s Devaluation: Context and Near-term Outlook
On October 7, the Central Bank of Iraq lowered the value of the Iraqi dinar by 13.3% against the US dollar, changing the official…
Al-Youssef: Next year’s budget may be just ink on paper and will not include any measures to reduce presidential expenses.
Iraqi lawmaker Mukhtar al-Youssef warned on Wednesday that next year’s budget could become little more than “ink on paper” because the government may not…
Al-Jalabi: The Shiite majority is capable of passing the oil and gas law.
Former Minister Zuhair al-Jalabi said Iraq’s oil and gas law could be passed in Parliament with the support of the Shiite majority. However, he…
Iraq suspends electricity imports from Jordan until further notice.
The electricity connection between Iraq and Jordan has been suspended until further notice because the two countries disagree over the price of imported electricity.…
Consultations Under Way on Iraq Companies Law Reform
Iraq’s Ministry of Trade has held a meeting to discuss proposed amendments to Companies Law No. 21 of 1997, with participation from private sector…
Basra Heavy and Medium crude oil prices fell by more than a dollar per barrel.
Basra Heavy crude fell to $67.70 per barrel on Tuesday morning, down $2.38, or 3.40%. Basra Medium crude also declined, dropping $1.38, or 1.89%,…
Parliamentary desire to pass the oil and gas law… Kurdish interests stand as an obstacle to the legislation
Iraqi lawmakers are renewing calls to pass the country’s long-delayed oil and gas law, which has been held up for years by disagreements between…
Rafidain Bank to Expand Loans and Private Sector Financing
Finance Minister Faleh Sari has instructed Rafidain Bank to launch employee loans, simplify application procedures, and increase financing for the private sector. Sari issued…
Politician: Washington continues to blackmail Iraq with oil, electricity, and dollar issues
Political analyst Wissam Aziz says the United States continues to pressure Iraq over oil, electricity, the dollar, and financial transfers. He believes the Coordination…
BP Takes Over Kirkuk Oil and Gas Operations
Operations at four oil and gas fields in Kirkuk have been transferred from the North Oil Company and North Gas Company to a newly…
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