Record August for TIR Transit Journeys in Ira
Iraq recorded 1,754 cross-border transit trips under the TIR (Transports Internationaux Routiers) system during August, reflecting continued growth in international road freight movement through...
Iraq awaits its 2027 budget… assurances that it will focus on...
Iraqis are closely watching the 2027 federal budget as the country faces growing financial pressures and questions about the government's ability to cover its...
An economic expert confirms Iraq’s need for a company specializing in...
Economic expert Dr. Safwan Qusay has stressed the need for Iraq to establish a specialized debt-purchasing company as part of broader efforts to address...
Gold holds near record highs as the world awaits US jobs...
Gold prices were little changed on Friday and remained on track for modest weekly gains as investors waited for key U.S. jobs data that...
Oil is on track for its biggest weekly gain since July...
Oil prices moved higher on Friday and are on track for their strongest weekly gains since mid-July as renewed tensions between the United States...
Customs Automation Push: ASYCUDA Expansion and Pre-Payment Plans
Iraq is moving forward with plans to modernize its customs system, with officials reviewing ways to expand automation and introduce pre-payment of customs duties.
Finance...
Iraq’s Strategic Oil Production Plan for 2027-2030
Iraq aims to increase its oil production capacity to around 10 million barrels per day by 2030 under a new strategic plan covering the...
Mosul Dam releases are stable; resources settle the debate over raising...
Water releases from Mosul Dam into the Tigris River basin have remained stable at 850 cubic meters per second for the fourth consecutive day,...
Gold rises to $4409 per ounce
Gold prices moved higher in global markets on Thursday, with spot gold rising 0.5% to $4,409.97 per ounce, while U.S. gold futures gained 0.9%...
USD/IQD edges higher in Baghdad, steady in Erbil
The U.S. dollar traded mixed against the Iraqi dinar on Thursday, remaining near 154,500 dinars per $100 in local markets.
In Baghdad, the dollar was...
An economist says the 2027 budget may become just ink on...
Economic expert Abdul Rahman al-Mashhadani warned that Iraq may struggle to finalize and implement its 2027 budget amid ongoing regional tensions, the U.S.-Iran conflict,...
Gold at $4304 and silver at $63.6… Precious metals prices decline
Precious metals prices declined in global markets on Wednesday, with spot gold falling 0.6% to $4,304.01 per ounce, while U.S. gold futures for December...
Iraqi News
Foreigners’ wages exceed those of Iraqis: Parliamentary committee reveals salary gap in oil projects
Iraq's Parliamentary Committee on Oil, Gas, and Natural Resources has raised concerns about the large gap between the salaries of Iraqi workers and foreign...
Gas Processing Unit Opens at East Baghdad South Field
Iraq has officially opened a new gas processing unit at the East Baghdad oil field with a production capacity of 30 million standard cubic...
New Wave Offshore Energy Wins Contract for AGUP Phase 2
Sinopec has awarded a Marine Warranty Survey contract to New Wave Offshore Energy for work related to Phase 2 of the Associated Gas Upstream...
Private Banks League discusses Banking Reform with Parliament
Iraq's Parliamentary Finance Committee recently held a workshop with the Iraqi Private Banks League (IPBL) to discuss the current condition of the country's banking...
The Ministry of Finance begins funding employee salaries for the month of September.
The Iraqi Ministry of Finance announced on Wednesday that it has officially started funding employee salaries for September.
According to a brief statement from the...