Progress Assessed at BP-Led Kirkuk Project
Iraq has reviewed progress on the Kirkuk oil field development project, with officials focusing on boosting production and improving long-term energy infrastructure. The project,…
Iraqi News & Economy Updates – Page 50
Latest Iraqi News posts
Iraq’s Central bank denies US suspension of cash flows
The Central Bank of Iraq has pushed back on reports claiming the United States suspended dollar flows tied to Iraq’s oil revenues. Financial expert…
Digital IQD Proposal targets $7-12bn Economic Gains
Cylinder Seal presents a very ambitious idea: use a digital Iraqi dinar not just as a payment tool, but as an engine to push…
Basrah crudes lead regional oil benchmarks
Iraq’s Basrah crude prices slipped slightly on Thursday, with both Basrah Heavy and Basrah Medium down about 0.5%. Basrah Heavy fell 56 cents to…
Al-Tamimi: Freezing Iraqi funds in New York violates sovereignty and contravenes international conventions.
Legal expert Ali al-Tamimi said reports about the US withholding Iraqi funds raise serious concerns about financial sovereignty and legal agreements governing those funds.…
30 MPs in the Sudanese bloc threaten to withdraw if Al-Awadi is nominated for the premiership.
An informed source says tensions are rising inside Iraq’s Reconstruction and Development bloc over the choice of the next prime minister. According to the…
Kurdish opposition figure: The region’s finance ministry stole 5 trillion dinars allocated for job promotions.
Independent Kurdish politician Saman Ali has made serious allegations against the Kurdistan Regional Government’s finance ministry, claiming more than 5 trillion dinars meant for…
Iraqi oil prices fall by 2%… Basra crude records $112
Iraqi oil prices moved lower on Wednesday, falling more than 2% as global energy markets weakened. Basra Heavy crude dropped $1.13 to $112.50 per…
Al-Kadhimi: Halting dollar shipments is American blackmail that infringes on Iraq’s sovereignty.
Former parliamentary finance committee member Mu'in al-Kadhimi criticized reports that the US halted dollar shipments to Iraq, calling the move “political blackmail” and interference…
1.6m bpd Kirkuk Export Pipeline Set for Relaunch
Iraq’s Ministry of Oil says exports through the Kirkuk-Fishkhabour-Turkey pipeline could resume soon, starting with limited volumes. The pipeline has a capacity of 1.6…
DNO issues Update on Production
Norwegian energy company DNO has given an update on its operations in Iraq’s Kurdistan region, saying it is preparing to ramp production back up…
Al-Jalabi: No new candidate will be nominated for prime minister without Maliki’s official withdrawal.
A member of Iraq’s Coordination Framework, Zuhair al-Jalabi, has clarified the current situation around choosing the next prime minister. He said that Nouri al-Maliki…
In pictures: Temporary opening of Iraq’s longest bridge
Iraq’s Ministry of Construction and Housing has announced the temporary opening of the Hamrin Lake Bridge in Diyala to traffic. The move is meant…
USD/IQD exchange rates climb in Baghdad and Erbil
The US dollar opened higher in Iraq on Tuesday, rising in early trading across key markets. In Baghdad, rates at the main exchanges, including…
The Ministry of Finance denies canceling contracts for 150,000 job positions.
Iraq’s Ministry of Finance has denied reports claiming that 150,000 three-year budget contracts have been cancelled. In a statement, the ministry said the news…
Iraqi oil prices have fallen significantly, in line with the global market downturn.
Iraqi oil prices dropped on Tuesday, following the wider decline in global energy markets. Both Basra Medium and Basra Heavy crude saw noticeable losses,…
Iraq’s $9.5B fiscal gap: Government triggers emergency borrowing plan
Iraq is facing a serious cash shortage, with a funding gap estimated between $8.5 billion and $9.5 billion. The problem has built up between…
Iraq between financial constraints and energy dominance… calls to rebuild economic decision-making
Iraq’s economy is facing growing challenges, especially when it comes to managing its money and reducing reliance on outside partners. Experts say one of…
Economic: This month’s salaries are secured, and solutions are in place for next May.
Economic expert Dr. Safwan Qusay says salaries for this month are secure and will be paid using revenues collected earlier this year. He explained…
Contract Awarded for Rainwater Harvesting System
Gaith Al-Meshreq has secured a contract with the United Nations Development Programme (UNDP) to build a sustainable rainwater harvesting system. The project will focus…
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