Baghdad, Iraq- Basrah crude oil prices dropped by more than 2% on Wednesday, following a broader decline in global oil markets.
Basrah Heavy crude fell by $1.95, or 2.62%, to settle at $72.38 per barrel, while Basrah Medium crude declined by the same amount, down 2.51% to $75.63 per barrel.
The global oil market saw a dip in prices as...
Baghdad, Iraq- The exchange rates of the US dollar against the Iraqi dinar recorded a slight decrease on Wednesday in both Baghdad and Erbil markets.
In Baghdad, the opening rate at the central Al-Kifah and Al-Harithiya stock exchanges stood at 150,200 IQD per 100 USD, down from 150,300 IQD recorded on Tuesday.
At currency exchange shops in the capital, the selling...
Baghdad, Iraq- Gold prices saw an increase on Wednesday in both Baghdad and Erbil markets, according to market data.
In Baghdad’s Al-Nahr Street market, the price of 21-carat gold, including Gulf, Turkish, and European varieties, reached 600,000 IQD per mithqal (equivalent to five grams) for selling, while the buying price stood at 596,000 IQD. Meanwhile, 21-carat Iraqi gold was...
Baghdad, Iraq— A delegation from the International Road Transport Union (IRU) visited Iraq last week to lay the groundwork for the country’s first cross-border transit under the International Road Transport (TIR) system.
With the first TIR movement expected soon, Iraq is set to achieve a major milestone in cross-border trade, marking a significant step toward full integration into the globally...
Baghdad, Iraq- Prime Minister Mohammed Shia Al-Sudani has approved a new date for the Iraq Investment Forum, which is now set to take place on April 12-13, 2025.
According to a letter from the Prime Minister's office, Al-Sudani’s approval ensures that the necessary preparations for the event can proceed in alignment with the updated schedule. The forum is expected to...
The Central Bank of Iraq (CBI) successfully completed a currency auction on Monday, selling more than $297 million in US dollars. According to an official statement from the bank, the total sales amounted to $297,459,852.
The exchange rate for the transactions was set at 1,310 Iraqi dinars (IQD) per US dollar for documentary credits, international electronic card settlements, and foreign...
Iraq has held talks with Jordan to explore the possibility of establishing production lines for pharmaceuticals, construction materials, and food products, the Iraqi Ministry of Planning confirmed on Sunday.
The discussions took place during a meeting between Iraq's Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, and Jordan's Minister of Industry and Trade, Yarub Qudah. The meeting, which...
Baghdad, Iraq — The Minister of Construction, Housing, and Municipalities, Bengin Rikani, alongside Defence Minister Thabit Al-Abbasi, has officially approved the master plan for a new residential city dedicated to housing Iraqi Army personnel in the capital. The project, which is set to adhere to modern urban planning standards, will feature more than 114,000 residential units.
Located in close proximity to...
The Japanese Ambassador to Iraq, Akira Endo, reiterated Japan’s commitment to strengthening trade relations with Iraq, highlighting the growing interest of Japanese companies in the Iraqi market. Speaking on Sunday, Endo emphasized that 23 Japanese companies were participating in the Japanese pavilion at the Baghdad International Fair, demonstrating Japan's dedication to enhancing both commercial and cultural ties with Iraq.
Ambassador Akira...
Prime Minister Mohammed Shia Al-Sudani recently chaired a key meeting to explore the development of Iraq's sulphur and phosphate industries, with the goal of enhancing the country’s economic resilience and diversifying its sources of revenue. The meeting included high-level officials, such as the Deputy Prime Minister for Energy Affairs, the Ministers of Oil, Finance, Industry, and Minerals, along with...