Nineveh and Salah al-Din face an expected rise in the water levels of the Tigris River.
Releases from Mosul Dam into the Tigris River have increased to 650 cubic meters per second, up from 450 cubic meters per second, informed…
Iraqi News & Economy Updates – Page 7
Latest Iraqi News posts
Basra crude jumps by more than 5% in the last trading session of the week
Basra Heavy crude oil prices rose to $72.16 per barrel in the final trading session of the week, while Basra Medium crude increased to…
Al-Gharabi: The budget deficit is not the citizen’s responsibility, and the rise of the dollar is unjustified.
Iraqi MP Mona al-Gharabi has rejected efforts to cover the government’s budget deficit at the expense of citizens, especially low-income families. She described the…
Dinar Devaluation “Fuels Showdown over Iraq’s 2027 Budget”
Iraq’s decision to devalue the dinar has triggered a growing dispute over the country’s finances, with lawmakers pushing the government to reverse the change…
MP: We will not vote on the budget unless the government reverses its decision on the exchange rate.
Iraqi MP Nour al-Juhayshi has threatened to boycott the federal budget vote if the government continues to maintain the dollar exchange rate at its…
Abraaj Al-Ameriya Residential Project Contract Signed
A new residential project with 1,620 housing units is moving forward in Baghdad’s Ameriya district, behind the American University of Baghdad. The investment contract…
New Plant Genetic Resources Bank opened in Baghdad
Iraq has reopened its rehabilitated National Plant Genetic Resources Bank in Abu Ghraib, Baghdad, in a joint effort by the Food and Agriculture Organization…
Iraq Trade Policy Framework in Development with ITC Support
Iraq’s Ministry of Trade is working with the International Trade Centre (ITC) to develop a national trade policy and a National Trade and Investment…
A crisis expert identifies several ways to generate revenue instead of increasing the value of the dollar.
Crisis management expert Ali Jabbar Al-Fariji has outlined several ways the Iraqi government could increase revenue and reduce its budget deficit without putting more…
Gold rises more than 1%, supported by a weaker dollar and lower US Treasury yields.
Gold prices rose by more than 1% on Friday as the US dollar weakened and Treasury bond yields fell. Lower oil prices also supported…
Is it blatant theft or economic reform? The government resorts to citizens to compensate for its revenue shortfall.
Several Iraqi provinces are preparing for demonstrations and protests following the government's recent decision to raise the dollar exchange rate to 150,000 dinars per…
Two weeks after his removal, a ministerial order reinstates the director of Diyala Electricity to his position.
A government source revealed on Thursday that a ministerial order has been issued to end the suspension of the Director of the Diyala Electricity…
Al-Husseini outlines steps to eliminate the gap between the official and parallel dollar exchange rates.
Former member of the Parliamentary Economy and Investment Committee, Yasser al-Husseini, said on Thursday that Iraq can address the dollar exchange rate problem by…
Basra crude oil prices declined despite rising global oil prices.
Basra crude oil prices continued to decline on Thursday for the third consecutive day, even as global oil prices moved higher and Brent crude…
CBI Confirms Devaluation of Iraqi Dinar
The Central Bank of Iraq has officially confirmed the recent adjustment of the Iraqi dinar exchange rate against the US dollar, describing the move…
Iraq and UN Launch Sustainable Development Cooperation Framework
The Iraqi government and the United Nations officially launched the Sustainable Development Cooperation Framework for Iraq 2025–2029 during a ceremony held at the Ministry…
Iraq-Huawei Data Centre Partnership
The Informatics and Telecommunications Public Company (ITPC) has signed a memorandum of understanding with China's Huawei to establish data centers and strengthen international cooperation…
Rights groups are calling for an emergency session and demanding that the government reverse its decision to raise the dollar exchange rate.
The Parliamentary Rights Bloc has called on the Speaker of Parliament and political parties to hold an urgent emergency session to discuss the government's…
The Ministry of Finance announces the suspension of the prepayment of customs duties.
Iraq's Ministry of Finance announced on Wednesday that the government has suspended the implementation of the advance customs duty payment system. According to a…
Parliamentary wealth: The oil minister’s statement about exporting 4 million barrels per day is incorrect.
Iraq’s Oil Minister Basim Mohammed is facing criticism after a session in Parliament where lawmakers said his answers about the country’s oil exports were…
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