On Monday, Iraq’s Oil Ministry announced a new development in talks with Turkey over bilateral energy cooperation. Turkey has submitted a draft for a broader Iraq-Turkey energy deal, proposing a fresh framework after ending the previous pipeline agreement.
The statement came through the state news agency and included details from the Turkish Ministry of Energy. Turkey officially expressed interest in renewing...
Iraq Stock Exchange performance saw significant growth last week, with trading value surpassing 7.8 billion Iraqi Dinars. This uptick reflects stronger investor confidence and market activity.
The Iraq Stock Exchange (ISX) confirmed that shares from 61 joint-stock companies were actively traded. In contrast, 35 companies saw no transactions due to unmatched buying and selling orders. Moreover, eight firms remained suspended for...
Akkas gas field development begins with full momentum as Schlumberger, a global oilfield services company, launches operations in western Iraq. The Oil Ministry confirmed that the company started work at the Akkas field in Anbar, marking a critical step for Iraq's energy ambitions.
Deputy Oil Minister Basim Khudair stated that Akkas gas field development aligns with increasing interest from multinational oil firms. These...
Dollar-Dinar price:
The exchange rate for $100 reached 140,450 Iraqi dinars. Meanwhile, in Erbil, the rate slightly increased to 140,300 Iraqi dinars. These minor differences between cities highlight how regional demand continues to influence the currency market.
Gold Prices:
the gold market showed notable stability despite general economic shifts. Today, one gram of 24-karat gold was priced at 749,000 Iraqi dinars. In...
Kurdistan oil export talks are gaining momentum as oil companies show readiness to restart crude shipments through Turkey. Firms operating in the Kurdistan Region of Iraq are eager to resume exports via the Ceyhan port, pending a final deal between Erbil and Baghdad.
Additionally, the Association of the Petroleum Industry of Kurdistan (APIKUR) recently confirmed it is fully prepared to restart...
Iraq port cargo volume saw a significant rise in early 2025, signaling major improvements in maritime trade operations. The country’s main commercial ports processed over 22.4 million tons of cargo and received more than 1,500 ships in just six months.
According to officials, the ports at Umm Qasr North, Umm Qasr South, Khor Al-Zubair, and Abu Flous all reported active performance....
Kurdistan oil export delay remains unresolved due to disagreements over the volume allocated for internal use. Iraq’s Oil Minister Hayyan Abdulghani confirmed the issue in a press statement.
He explained that although both the Iraqi federal government and Turkey are ready to resume oil flows, they still await delivery from the Kurdistan Region. The Iraqi side remains prepared, but the regional...
Agriculture drives economic growth in Iraq, according to Prime Minister Mohammed Shia Al Sudani. He emphasized this message during a recent meeting with agriculture professors from the University of Baghdad. The discussion highlighted agriculture as a core pillar of Iraq’s economy and a key focus of his government.
Al Sudani listened closely to experts from the College of Agriculture. They explained...
Iraq energy investment potential continues to attract attention on the global stage. Iraq's government recently presented updated figures at the 9th OPEC International Seminar in Vienna. The new data shows Iraq now holds more than 145 billion barrels of proven oil reserves.
Alongside oil, Iraq also possesses over 132 trillion cubic feet of natural gas. This enormous energy wealth reinforces Iraq's...
Gold and Iraqi dinar prices today continued to reflect regional demand and global market dynamics. In Iraq’s currency market, the dollar showed small yet noticeable shifts.
In Baghdad, the exchange rate for $100 reached 141,200 Iraqi dinars. However, the rate in Erbil reached 141,100 Iraqi dinars. These city-to-city differences highlight the impact of local trading activity on national exchange rates.
The...