IMF warns of severe economic risks across Middle East
The International Monetary Fund has warned that a prolonged Middle East war and further disruptions to energy production, shipping routes and critical infrastructure pose…
Iraqi News & Economy Updates – Page 6
Latest Iraqi News posts
Al-Fariji: Raising the value of the dollar against the dinar does not represent financial reform.
Crisis expert Ali al-Fariji has criticized the Iraqi government's decision to raise the dollar's value against the dinar, saying the move alone does not…
IMF Forecasts Bigger Contraction for Iraqi Economy
The International Monetary Fund (IMF) has revised its economic forecasts to account for the ongoing conflict in the Middle East, warning that several energy-producing…
Najaf Solar Plant Capacity Could Double
Iraq is reviewing plans for a solar power station in Najaf province, with discussions under way about increasing the project's capacity from 1,000 megawatts…
Iraqi oil continues its upward trend, with Brent crude surpassing $106 per barrel.
Iraqi oil prices rose on Wednesday as crude prices also increased in global markets. Gains were recorded across all major grades, including Basra Heavy,…
Two weeks to recalculate the budget… Parliamentary Finance Committee reveals the repercussions of the exchange rate change
Former Parliamentary Finance Committee member Mohammed al-Shabaki said the Iraqi government will need at least two weeks to restructure the budget following the decision…
Investment Call for Mosul Airport Management
Iraq has invited international companies specializing in airport management and operations to invest in and develop Mosul International Airport. Prime Minister Ali al-Zaidi made…
Iraq Customs Revenue up 32% Year-on-Year
Iraq’s General Customs Authority collected IQD 442.3 billion ($293 million) in customs revenues in September 2026, up from IQD 334.2 billion ($221 million) in…
The popular movement warns of the danger of using the exchange rate option to compensate for the shortfall in revenues.
Hussein al-Karawi, head of the organizing committee for the popular movement supporting the Belt and Road Initiative, has warned against using the dollar exchange…
Oil prices declined globally; Brent crude fell to $106 and West Texas Intermediate (WTI) crude settled at $93.
Global oil prices fell on Tuesday after rising in the previous session, as traders weighed the possibility of Russian diesel supplies returning to the…
Tut: Parliamentary agreements to guarantee the rights of segments in the 2027 budget
MP Yasser Iskandar Watout predicted on Tuesday that Iraq’s 2027 budget bill would reach Parliament by mid-October, after the Cabinet completes the required procedures.…
World Bank Discusses Support for Iraq’s Electricity Sector
The World Bank has discussed expanding its cooperation with Iraq’s Ministry of Electricity to support priority projects aimed at improving the country’s power infrastructure.…
Proposed Changes to Iraq’s Investment Law
Iraq’s parliamentary Investment and Development Committee has held a workshop to discuss proposed amendments to Investment Law No. 13 of 2006. The session was…
Iraq and World Bank in Talks on Procurement Reforms
Iraq’s Ministry of Planning has held talks with the World Bank on reforming the government procurement system, including plans to introduce electronic procurement and…
Parliamentary Finance Committee criticizes Al-Zidi’s budget: promises of appointments but no revenue solutions
Former Parliamentary Finance Committee member Mohammed Al-Shabaki has criticized Prime Minister Al-Zidi’s government for following the same budget policies as previous governments without developing…
Al-Tamimi clarifies the legality and feasibility of paying salaries in dollars instead of dinars.
Legal expert Ali Al-Tamimi has explained why Iraq cannot currently pay government employees’ salaries in US dollars instead of Iraqi dinars without changing existing…
Contract for New Residential Complex Signed in Baghdad
An investment contract has been signed for the Budoor Baghdad Residential City project in Baghdad. The agreement was reached between the National Investment Commission…
Al-Moussawi reveals the date when the 2027 budget will reach Parliament
MP Mukhtar al-Moussawi said on Sunday that Iraq’s 2027 budget draft is expected to reach the Parliamentary Finance Committee this week for discussion. He…
Following the rise in the dollar’s price, Al-Bayati calls for curbing speculation and protecting three sectors from price hikes.
MP Mohammed al-Bayati called on Sunday for strict measures to stop speculation in Iraq’s parallel dollar market and protect essential goods from price increases…
Brent crude surpasses $104 a barrel
Global oil prices remained above key levels at the latest market close, with Brent crude reaching $104.72 per barrel and West Texas Intermediate (WTI)…
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