Baghdad, Iraq – Gold prices saw a slight decline on Saturday in both Baghdad and Erbil markets, reflecting fluctuations in local trading.
In Baghdad's wholesale markets on Al-Nahr Street, the selling price for one mithqal (approximately five grams) of 21-carat Gulf, Turkish, and European gold was recorded at 608,000 IQD, with a buying price of 604,000 IQD. Meanwhile, the selling...
Baghdad, Iraq- Iraq’s Basrah crude prices closed the week with losses, reflecting broader trends in the global oil market.
Basrah Heavy crude ended Friday’s trading session at $74.53 per barrel, gaining 34 cents on the day but registering a weekly decline of 44 cents, or 0.59%. Meanwhile, Basrah Medium rose by 34 cents to settle at $77.58 per barrel, yet...
Baghdad, Iraq- Gold prices saw a slight increase in Baghdad and Erbil markets on Tuesday, according to a survey of local trading data.
In Baghdad’s Al-Nahr Street wholesale markets, the price for one mithqal (approximately five grams) of 21-carat Gulf, Turkish, and European gold was recorded at 618,000 IQD for selling and 614,000 IQD for buying. Meanwhile, the price for...
Baghdad, Iraq- Iraq's Finance Minister, Taif Sami, underscored the importance of regional and international cooperation in tackling the escalating economic challenges facing countries globally.
In her remarks at the Ninth Public Finance Forum in Arab Countries, which took place in the UAE and was organized by the UAE Ministry of Finance in partnership with the Arab Monetary Fund and the International Monetary Fund, Sami highlighted the urgent need for flexible...
Baghdad, Iraq- Oil prices extended their recent gains on Tuesday, supported by a report revealing that Russian oil production had fallen short of its OPEC+ quota. However, the rise in prices was somewhat limited by growing concerns over escalating trade tariffs that could negatively impact global economic growth.
By 0447 GMT, Brent crude futures had risen by 24 cents, or 0.32%, reaching $76.11 per barrel....
Baghdad, Iraq- Iraqi PM Mohammad Shia al-Sudani, announced that the salaries for the Kurdistan Region will be transferred in a "coordinated manner" in the coming months, ensuring that the federal Ministry of Finance addresses the issue promptly. He also emphasized that the salary delay was a technical problem rather than a political issue.
Al-Sudani further clarified that despite some disagreements...
Baghdad, Iraq- Iraq is grappling with a potential energy crisis after the recent revocation of its exemption from US sanctions on Iranian gas and electricity imports. This decision by President Donald Trump threatens to cut off nearly 40% of Iraq’s power supply, leaving the country scrambling to secure alternative energy sources and avoid widespread blackouts.
For decades, Iraq has relied...
Baghdad,Iraq- Iraq has signed an $800 million contract to develop and expand the Al-Diwaniyah refinery, a move aimed at enhancing the country’s refining capacity and modernizing the oil sector.
Prime Minister Mohammed Shia Al-Sudani, who oversaw the signing ceremony, stated that the project involves adding a new atmospheric distillation unit with a capacity of 70,000 barrels per day (BPD), increasing...
Baghdad, Iraq- The exchange rate of the US dollar against the Iraqi dinar saw a slight decrease in Baghdad on Thursday, while it remained steady in Erbil, the capital of the Kurdistan region.
In Baghdad, the rate dropped in both the Al-Kifah and Al-Harithiya stock exchanges, reaching 1,503.5 Iraqi dinars per US dollar, down from 1,505 dinars earlier in the...
Baghdad, Iraq– Finance Minister Taif Sami announced on Wednesday that the restructuring of Al-Rafidain and Al-Rasheed banks, along with insurance companies, is a key initiative aimed at enhancing financial stability and aligning state-owned banks with international standards.
During an extensive meeting with officials from the Insurance Bureau, state-owned banks, insurance firms, and international auditing firm Ernst & Young, Sami reviewed...