Oil prices surge again due to supply disruption concerns

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Oil prices moved higher again on Tuesday, driven by ongoing tensions in the Middle East and worries about supply. Brent crude climbed to around $114...

Gold prices continue to rise… $4,539 per ounce

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Gold prices rose for a second straight day on Friday, with an ounce of gold gaining nearly 0.7% to close at $4,539. The precious metal...

US Dollar edges higher in Baghdad and Erbil

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The US dollar moved higher against the Iraqi dinar at the start of Saturday trading, with exchange rates rising in both Baghdad and Erbil. According...

Oil prices plummet as shipping resumes in the Strait of Hormuz

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Global oil prices dropped sharply this week and are on track for their biggest weekly loss in months. The decline comes as shipping activity...

Ministry of Planning: We have completed the first draft of the...

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Iraq’s Ministry of Planning announced that it has completed the first draft of the investment framework for the 2027 budget. The ministry said the...

Gold holds steady ahead of Fed decision

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Gold prices were mostly unchanged on Tuesday after falling to their lowest level in more than a month during the previous trading session. Investors...

Indian energy companies announce reductions in gas supplies to domestic buyers.

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International media reported on Tuesday that major energy companies in India have started cutting gas supplies to local buyers because of disruptions in global...

Gas Investment Plans Reviewed for Nahr Bin Umar Field

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Iraq is moving ahead with plans to develop associated gas at the Nahr Bin Umar oil field in Basra province. The project was discussed...

Crude slides on Fed rate cut and US demand concerns

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Oil costs declined for a 2nd session on Thursday, after the Federal Reserve reduce interest costs as expected and investors targeted on worries approximately...

The Ministry of Finance directs the granting of due bonuses and...

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The Ministry of Finance has instructed all ministries, government institutions, and governorates to move forward with granting employee allowances and promotions and to complete...

Release of 52 billion dinars in dues owed to farmers in...

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The local government of Anbar announced on Friday the release of a new batch of payments for farmers who marketed their wheat crop during...

Water Deal with Turkey to Include Oil Exports up to 33,000...

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Iraq's Council of Ministers has approved an amendment allowing crude oil exports to Turkey of up to 33,000 barrels per day during the first...

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Iraqi News

Foreigners' wages exceed those of Iraqis: Parliamentary committee reveals salary gap in oil projects

Foreigners’ wages exceed those of Iraqis: Parliamentary committee reveals salary gap in oil projects

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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...
Gas Processing Unit Opens at East Baghdad South Field

Gas Processing Unit Opens at East Baghdad South Field

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Iraq has officially opened a new gas processing unit at the East Baghdad oil field with a production capacity of 30 million standard cubic...
New Wave Offshore Energy Wins Contract for AGUP Phase 2

New Wave Offshore Energy Wins Contract for AGUP Phase 2

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Sinopec has awarded a Marine Warranty Survey contract to New Wave Offshore Energy for work related to Phase 2 of the Associated Gas Upstream...
Private Banks League discusses Banking Reform with Parliament

Private Banks League discusses Banking Reform with Parliament

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Iraq's Parliamentary Finance Committee recently held a workshop with the Iraqi Private Banks League (IPBL) to discuss the current condition of the country's banking...
The Ministry of Finance begins funding employee salaries for the month of September.

The Ministry of Finance begins funding employee salaries for the month of September.

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The Iraqi Ministry of Finance announced on Wednesday that it has officially started funding employee salaries for September. According to a brief statement from the...