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Economy

Gold Edges Higher as Israel-Iran Truce Eases Market Pressure Ahead of US Inflation Data

Gold strengthens on truce calm as markets react to easing Middle East tensions and upcoming US inflation data.Gold prices moved higher on Tuesday as...

Basrah Crude Prices Slide as Global Oil Markets Face Broad Selloff

Basrah crude prices moved sharply lower on Tuesday as oil markets across the world extended a widespread decline. The drop reflected growing pressure on...

Gold Prices Hold Steady Across Baghdad and Erbil Markets

The Iraq gold price update showed stable movement in Baghdad and Erbil markets on Monday. Prices hovered around 940,000 Iraqi dinars per mithqal in major trading...

Iraq Loses $360,000 Daily as Airspace Closure Halts Overflights

Baghdad – Iraq is facing growing financial losses after authorities suspended civilian overflights through the country's airspace amid escalating regional tensions. The Iraq airspace closure...

Iraq 2027 Budget Plan Focuses on Fiscal Reform and Economic Stability

The Iraq 2027 budget plan aims to strengthen fiscal stability and support economic reform across Iraq. Government adviser Mudhhir Mohammed Salih said officials designed the plan...

Nasiriyah International Airport Moves Closer to Opening with Arrival of Key Equipment

Baghdad – Iraq has taken another step toward opening Nasiriyah International Airport after receiving essential ground support equipment needed for airport operations and commercial...

US Imports of Iraqi Crude Hit Decade Low as Trade Flows Shift

US Imports of Iraqi Crude Hit Decade Low in 2025 as shipments fell to their weakest level in more than ten years. Data from...

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