MP: Lack of strategic plans is behind the accumulating financial crises...
An Iraqi lawmaker says the country’s financial problems didn’t happen overnight—they’ve built up over years.
MP Basim al-Gharabi blamed successive governments for failing to create...
Dollar prices continue to rise in local markets
The exchange rate of the US dollar against the Iraqi dinar recorded another increase in Baghdad markets on Saturday morning, while rates in Erbil...
The dollar continues to decline in Baghdad and Erbil as morning...
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...
Drop in Iranian Gas Cuts 3,800 MW from Iraq’s Grid
Iraq's Ministry of power has showed a sharp decline in fuel substances from Iran, inflicting a loss of about 3,800 megawatts from the country...
EBRD and EU Boost Trade Finance in Iraq
The European Bank for Reconstruction and Development (EBRD) has approved a $25 million trade finance facility for Bank of Baghdad, one of Iraq’s leading...
Oil is heading for its second consecutive weekly decline.
Oil prices are sliding again, and they’re heading for a second straight weekly loss as worries about too much supply continue to outweigh fears...
Mosul Dam releases reduced to 400 cubic meters per second
Water releases from Mosul Dam into the Tigris River have been reduced to 400 cubic meters per second, according to informed sources.
The sources said...
A fire breaks out in one of the units of the...
A fire that broke out in one of the main units at the Nasiriyah power station has been brought under control, with no injuries...
Economist: Retirees’ salaries are guaranteed and do not depend on oil...
financial expert Safwan Qusay showed on Monday that there are not any issues about the salaries of retirees because of fluctuations in oil costs,...
Al-Saad accuses the Ministry of Finance of negligence in delaying the...
Basra MP Suzan Al-Saad has criticized the Ministry of Finance over delays in completing contracts for 38,000 teaching positions within the Basra Education Directorate,...
How is artificial intelligence changing the concept of energy security?
Artificial intelligence has become one of the most important tools for protecting the world's oil, gas, and electricity networks. As tensions continue to rise...
Turkmenistan, Iraq sign MoU on Energy Sector
Baghdad — The fourth round of political consultations between the Republic of Iraq and the Republic of Turkmenistan was held on Monday, October 20,...
Iraqi News
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...
Gas Processing Unit Opens at East Baghdad South Field
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
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
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 Iraqi Ministry of Finance announced on Wednesday that it has officially started funding employee salaries for September.
According to a brief statement from the...