Dollar trading halts in Baghdad, resumes in Erbil after holiday
Dollar trading halted in Baghdad on Monday as the main markets remained closed for the Eid al-Fitr holiday, while trading resumed in Erbil in…
Iraqi News & Economy Updates – Page 58
Latest Iraqi News posts
Iraqi Electricity Ministry announces resumption of Iranian gas flow: Production stabilizes at 14,000 megawatts
The Iraqi Ministry of Electricity announced the resumption of Iranian gas supplies to Iraq, confirming electricity production remains stable at 14,000 megawatts. Spokesman Ahmed…
Dollar exchange rate against the Iraqi dinar remained stable during the Eid holiday.
The US dollar exchange rate in Baghdad stayed mostly unchanged on Sunday, as official trading was paused for the Eid al-Fitr holiday. Even with…
Al-Shammari: Oil exports have completely stopped and the government has failed to secure alternatives.
MP Mahmoud al-Shammari warned that Iraq could be heading toward a serious economic crisis as oil exports have come to a complete stop. He…
Italy makes “Significant Contribution” to Refugees in Iraq
Italy is increasing its support for refugees in Iraq with a new contribution. The funding, provided through the Italian Agency for Development Cooperation, will…
Abdul Hadi: There are no Kurdish indications of a decision regarding the presidency.
Coordination Framework member Uday Abdul Hadi says there’s still no progress on choosing a new president. He explained that Kurdish parties haven’t shown any…
Al-Saadi: The development path will secure at least half a million job opportunities.
Former MP Baqir al-Saadi says the Development Road project could create at least 500,000 jobs as it moves forward. He explained that the project…
USD/IQD trading halts in Baghdad and Erbil for Eid al-Fitr
The US dollar didn’t have an official rate in Iraq on Saturday because markets were closed for Eid al-Fitr. Even though trading stopped, some…
The war on Iran is causing a global airline stock market crash, with losses in the tens of billions.
Airline stocks are taking a big hit right now. Around the world, airline companies have lost about $53 billion in market value as investors…
The US administration is withdrawing the first batch from its strategic oil reserve.
The United States has started releasing oil from its Strategic Petroleum Reserve (SPR) to ease rising energy prices. Here’s what’s happening: The U.S. Department…
The International Energy Agency recommends working from home to ease pressure on oil prices.
Iraq is moving ahead with a new project to build facilities for justice-related departments in Mosul, on the west bank of the Tigris River.…
Iraq issues Media Restrictions on Security Incidents
The Ministry of Interior has put out new rules about sharing information during security incidents. The message is clear: don’t post or spread sensitive…
Oil prices fell amid international moves to ensure supply security and ease tensions.
Oil prices pulled back slightly on Friday, but the bigger picture is still tense. Here’s what’s going on in simple terms: Prices dropped a…
The dollar fell weekly as interest rate expectations shifted due to the energy price shock.
The US dollar pulled back this week after hitting its highest levels in months, as investors started rethinking where interest rates are heading. Rising…
Iran: The withdrawal of the aircraft carrier “Gerald R. Ford” reflects the weakness of America’s material power.
The Islamic Revolutionary Guard Corps said Friday that the withdrawal of the USS Gerald R. Ford shows weakness in U.S. power. In a statement,…
Iranian Gas Supplies to Iraq Halted, 3,100 MW Lost
Iraq’s electricity system just took a big hit. The Ministry of Electricity announced that Iran has completely stopped sending gas to Iraq, cutting about…
Genel Energy issues Full-Year Results
Genel Energy 2025 Results and Outlook Genel Energy has released its audited results for 2025, showing a company that’s stabilizing and preparing for growth,…
Iraq Signs Contracts to Export Oil via Syria, Jordan, Turkey
Iraq’s Ministry of Oil is moving to get its oil and fuel moving again—this time through multiple routes: Turkey, Jordan, and Syria. Deputy Minister…
Kirkuk Oil Exports Resume via Ceyhan Port
Iraq has started pumping oil again from Kirkuk to Türkiye’s Ceyhan port, and that’s a big deal. The Ministry of Oil says exports are…
Is the Dinar Your Retirement Plan?
Iraq’s Payroll Cliff: Why the Dinar Isn’t Your Retirement Plan For years, people have been told a simple story: buy Iraqi dinar, wait for…
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