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Economy

Iraq and OPEC+ Members Reaffirm Commitment to Oil Production Adjustments

Iraq, along with seven OPEC+ member states, met virtually on Monday to review the state of the global oil market and its future prospects....
Economy

Iraq Oil Exports to the US Decline in 2024, Still Key to Global Energy Market

Iraq's crude oil and petroleum product exports to the United States totaled over 95 million barrels in 2024, marking a decrease from 115 million...
News

US Dollar Exchange Rates Rise Against Iraqi Dinar on Thursday

On Thursday, the exchange rates of the US dollar against the Iraqi dinar saw an uptick in both Baghdad and Erbil markets. According to a...
Economy

Iraq Pursues Energy Diversification to End Reliance on Iranian Imports by 2028

Iraq is taking decisive steps toward energy diversification to phase out its dependence on Iranian gas and electricity imports by 2028. This move aims...
Business

Iraq and Saudi Arabia Trade Hits $1.3 Billion in 2024

Trade between Iraq and Saudi Arabia soared to $1.3 billion in 2024, marking a significant rise compared to previous years, announced Iraq’s Ambassador to...
News

Iraq to Terminate Contract with Ukrainian Company Operating Akkas Gas Field

The Iraqi government is set to issue a final notice to terminate the contract of the Ukrainian company operating the Akkas gas field, according...
Economy

Iraq Sets Record in Olive Oil Production in 2025

Iraq has reached a historic milestone in olive oil production, with 2025 marking its highest-ever output. The Ministry of Agriculture announced this achievement, highlighting...
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