The dollar is on track for weekly gains as Washington-Tehran talks...
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 dollar...
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, being...
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 and...
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 $111.94...
Al-Tamimi: Freezing Iraqi funds in New York violates sovereignty and contravenes...
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.
He...
30 MPs in the Sudanese bloc threaten to withdraw if Al-Awadi...
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 source,...
Kurdish opposition figure: The region’s finance ministry stole 5 trillion dinars...
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 barrel,...
Al-Kadhimi: Halting dollar shipments is American blackmail that infringes on Iraq’s...
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 million...
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...
Iraqi News
The leftist on the budget: The government must reduce spending.
Former MP Jawad Al-Yassari said on Saturday that Iraq's draft general budget is still being prepared by the government and has not yet been...
Population Distribution Report Launched in Baghdad
Iraq's Ministry of Planning, in cooperation with the International Organization for Migration (IOM), has launched a new report examining population distribution across the country...
Dollar exchange rates varied between Baghdad and Erbil at the start of weekly trading.
The US dollar exchange rate remained stable in Baghdad on Saturday morning, while it recorded a slight increase in Erbil at the start of...
The electricity crisis deepens; Iraq buys 41% of its needs.
Iraq’s electricity sector continues to face major challenges, with the national grid still depending heavily on privately generated power and imports from neighboring countries.
The...
Basra crude ends the week with a loss exceeding $9 per barrel
Basra Heavy and Basra Medium crude oil ended the week sharply lower as global oil prices continued to fall.
Basra Heavy crude dropped $8.57 per...