Oil Prices Experience Minor Increase Amid Ceasefire Speculations Oil prices saw a 1 percent increase on Friday, with analysts attributing this rise to traders' optimism regarding a potential ceasefire between
Central Bank of Iraq Supports U.S. Investment in Iraq Key Initiatives for American Companies and Banks The Central Bank of Iraq, under the leadership of Governor Ali Al-Alaq, has announced
The ongoing concerns regarding the scarcity of financial liquidity in Iraq have intensified following recent comments from Minister of Finance Taif Sami, which were unable to quell apprehensions. Central Bank
Gold Prices Experience Slight Decline Ahead of Federal Meeting Gold prices saw a mild reduction today, as investors closely monitor the outcome of the American Federal Reserve's meeting, which is
Economy News - Baghdad The Ministry of Finance has cited delays in salary disbursement for employees in the Kurdistan Region as primarily due to the regional government's failure to reconcile
Iraqi Oil Prices Experience Decline On January 29, 2025, Iraqi oil prices witnessed a downturn in the global market, settling at $78 per barrel. Heavy Basra crude recorded a price
2025-01-29T05:41:59+00:00 font Enable Reading Mode A- A A+ On January 29, 2025, oil prices exhibited a slight decline despite relative stability in global market prices. Specifically, the price of Basra
Recent market activity has shown a decline in the prices of Basra heavy crude and Mediterranean crude oil while global oil prices have stabilized. On Tuesday, Basra heavy crude recorded
Oil Prices Experience Modest Increase Today, oil prices have risen slightly, although they remain close to their lowest levels in the past two weeks, indicating ongoing market dynamics. The uptick
The Minister of Oil, Hayyan Abdul-Ghani, has highlighted the significant financial drain on Iraq due to the country's reliance on gas imports from Iran. Abdul-Ghani elaborated that the supply of
Last update: Jan 28, 2025 - 1:45 PM Continuing Dialogues on Budget Law Amendment in Iraq The representative of the coordination framework, Allawi Al-Benadawi, confirmed today, January 28, 2025, that
Recent Agreement Sparks Tensions Over Oil Resource Management in Iraq The recent agreement between the federal government and British Petroleum (BP) concerning the development of the Kirkuk oil fields has
The Iraq Energy Conference commenced in Baghdad today, with the participation of Prime Minister Muhammad Shi'a Al-Sudani. The conference activities began under the auspices of the Prime Minister and various
The recent decision by the Central Bank of Iraq (CBI) to prohibit the sale of real estate exceeding 100 million dinars through non-bank channels has stirred considerable debate. This regulation
Baghdad - Economic Developments The Ministerial Council for Economy convened today to approve an essential measure aimed at bolstering the industrial sector in Iraq. The Council has decided to exempt
Economic Developments: Follow-Up The social media platform "X," owned by American entrepreneur Elon Musk, announced the introduction of a new money transfer service that facilitates transactions between digital wallets and