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Progress on Iraq’s Strategic Development Road and Faw Port Project

The Ministry of Transport has provided updates on the Strategic Development Road project, emphasizing its commitment to meeting the scheduled timelines. Spokesperson Maitham Al-Safi...

Dollar Prices Rise in Iraq – Baghdad and Erbil See Currency Shift

Dollar prices rise in Iraq as both Baghdad and Erbil record an increase in exchange rates. The value of the US dollar climbed on...

Iraq to Launch Company for Development Road Project Management

Iraq's Prime Minister, Mohammed Shia Al-Sudani, chaired a meeting on Thursday where the higher committee for the Development Road project approved the creation of...

Iraq’s February Oil Exports Top 95 Million Barrels

Iraq’s oil exports surpassed 95 million barrels in February, the Oil Ministry reported on Thursday. The State Organization for Marketing of Oil (SOMO) revealed that...

Oil Prices Edge Lower, Set for Third Consecutive Weekly Gain Amid Supply Concerns

Oil prices eased slightly on Friday but remained near one-month highs, on track for a third straight week of gains due to a tightening...

Iraq to Implement Global TIR Transit System Starting April 2025

Iraq will implement the global transit system TIR from 1 April 2025, marking a key milestone in enhancing logistics and international trade. The Border...

Iraqi Oil: A Key Player in Global Markets, Says SOMO

The State Oil Marketing Organization (SOMO) emphasized Iraq’s crucial role in global oil markets on Wednesday, highlighting the country’s standing as the fourth-largest oil...

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