Basra oil exceeds $123 per barrel
Prices for Basra Medium and Basra Heavy crude moved higher Tuesday, posting strong gains and outperforming several regional benchmarks. Basra Medium rose to $123.18…
Iraqi News & Economy Updates – Page 49
Latest Iraqi News posts
Dollar exchange rates decline in Baghdad and Erbil stock exchanges
The U.S. dollar saw a noticeable drop Monday against the Iraqi dinar in Baghdad and Erbil markets. In Baghdad’s Al-Kifah and Al-Harithiya exchanges, the…
New Digital Platform for Company Registration in Iraq
Iraq’s Ministry of Trade has launched a new electronic platform to make it easier and faster to register and establish businesses in the country.…
Al-Husseini holds the political class responsible for the American disregard for Iraqi funds.
Former MP Yasser al-Husseini blamed Iraq’s political class for what he called growing U.S. disregard for Iraqi funds and revenues, following reports that about…
Oil continues its volatility at the start of the week amid supply concerns.
Global oil prices moved slightly higher Monday, though trading remained cautious as markets weighed supply concerns and waited for key economic data. Brent crude…
Basra-Ceyhan Pipeline Proposal Back Under Consideration
A proposed pipeline connecting southern Iraq’s oil fields to Turkey’s Ceyhan port is again drawing attention as a possible way for Iraq to expand…
Mardan: Work is underway to legislate a retirement law for the Popular Mobilization Forces.
MP Hussein Ali Mardan said Parliament is working to pass dozens of laws carried over from the previous session, including the long-discussed Service and…
MP: Iraq is moving towards importing gas to bridge the energy gap
MP Jassim Al-Attiya said Prime Minister Mohammed Shia Al-Sudani has approved importing additional gas to help cover shortages and support Iraq’s energy needs. According…
AI Strategy Meeting at Iraq’s Ministry of Planning
Iraq’s Ministry of Planning held an expanded meeting to move forward its artificial intelligence strategy, with a focus on setting practical goals that match…
An economist explains Iraq’s alternatives to compensate for the shortfall in oil exports.
Economic expert Dr. Safwan Qusay says Iraq is looking at several alternatives to make up for reduced oil exports caused by regional security tensions…
Popular movement: America has ready-made pretexts to seize Iraqi money
Hussein al-Karawi, head of the Belt and Road Movement organizing committee, said the United States has multiple justifications it can use to control or…
Parliamentary move to approve a new salary scale for the Internal Security Forces
Iraq’s House of Representatives is preparing to discuss a new amendment tied to salaries for the Internal Security Forces, including an updated nominal salary…
The dollar opens the week’s trading higher in Baghdad and Erbil.
The U.S. dollar moved higher Saturday in both Baghdad and Erbil as weekly trading began. In Baghdad’s Al-Kifah and Al-Harithiya exchanges, the rate rose…
Oil maintains its gains and surpasses the $105 mark.
Oil Prices Hold Steady as Markets Watch Global Tensions Oil prices ended the week relatively stable, even as markets continue watching geopolitical tensions and…
Beverly Hills Mansion Subject to Forfeiture in Iraq Bribery Case
U.S. Seeks Seizure of Beverly Hills Mansion in Alleged $700 Million Fraud Case The U.S. Justice Department has moved to seize a Beverly Hills…
The Civil Service Council settles the debate regarding the appointment of media graduates.
Public Service Council Clarifies Hiring for Media Graduates Iraq’s Federal Public Service Council moved to clear up debate over government jobs for media college…
State of Law: No withdrawal for Maliki, and the upcoming meeting is an “opportunity” for maturation.
State of Law Denies Al-Maliki Withdrawal Rumors Salah Boushi of the State of Law Coalition pushed back on reports claiming Nouri al-Maliki is stepping…
Alawi: Iran is angry with some parties and its future policy is based on zero tolerance.
Iran Signals Harder Line With Some Iraqi Parties Ali Alawi from the State of Law Coalition said there is growing Iranian anger toward some…
Al-Rasheed announces payment of semi-annual interest on Enjaz bonds
Rasheed Bank Starts Enjaz Bond Interest Payments Rasheed Bank has started paying the semi-annual interest for the first issue of its Enjaz bonds. The…
The dollar is on track for weekly gains as Washington-Tehran talks remain stalled.
SummaryThe US dollar headed for its first weekly gain in three weeks as stalled US-Iran peace talks supported safe-haven demand for the greenback. The…
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