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Iraq
Tuesday, August 11, 2026

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Iraq Returns to Fuel Import Market as SOMO Plans New Gas Oil Purchases

After more than a year without buying fuel from overseas suppliers, Iraq gas oil purchases have returned to the spotlight. Iraq’s State Oil Marketing Organization (SOMO)...

Iraq’s Cash Buffer Shrinks as Central Bank Reserves Slide Rapidly

Iraq central bank cash reserves recorded a sharp decline during the first four months of 2026, raising questions about liquidity management. The Central Bank...

Iraq Industry Revival Emerges as Key Path Toward Economic Independence

Iraq industrial recovery strategy has become a central focus as the country seeks to reduce its oil dependence and strengthen other parts of its...

Iraq Public Construction Spending Tops $18 Billion in 2025 as Baghdad Leads New Projects

Iraq public construction spending reached a major milestone in 2025, reflecting the government's continued focus on infrastructure and development across the country. Fresh figures...

Gold Prices in Baghdad and Erbil Retreat as Local Markets Open Lower

Gold prices in Baghdad and Erbil moved lower on Monday, reflecting weaker trading across the country's main bullion markets. Dealers reported noticeable declines in...

Dollar Exchange Rate in Iraq Slips as Baghdad and Erbil Open Lower

The Dollar Exchange Rate in Iraq moved lower at the start of Monday's trading, drawing attention from currency dealers and local businesses. The decline appeared in...

Iraq Borrowing Bill Takes Shape as Strait of Hormuz Crisis Strains Economy

Iraq borrowing bill discussions gained momentum after lawmakers prepared new legislation to help the country manage growing financial pressure. Iraq's parliament believes borrowing has become...

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