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Economy

Iraq Balances Gains and Losses from Iran-Israel Conflict: Oil Revenues vs. Economic Strain

Iraq Oil Revenue, The recent 12-day Iran-Israel conflict brought mixed economic effects for Iraq. While the country earned more from higher oil prices, it...

Oil Prices Steady as Demand Grows and Iran-Israel Ceasefire Holds

Oil prices continued to edge upward, building on the previous day’s gains. A sharp drop in U.S. crude inventories signaled strong fuel demand, helping...

Iraq Railway Project Spurs Jobs and Growth with $930M Investment

Iraq’s railway project gains a major boost with a $930 million loan from the World Bank. This massive funding will help modernize the country’s...

Iraq Dinar Rises as Dollar Declines in Baghdad and Erbil

Iraq dinar rises again on Wednesday as the US dollar lost ground in major Iraqi currency markets. Exchange rates dropped slightly in both Baghdad...

Iraq Financial Reforms Win IMF Praise for Central Bank Progress

Iraq financial reforms gained major recognition this week as the International Monetary Fund (IMF) praised the Central Bank of Iraq.As well as the IMF...

Iraq Boosts LPG Output to Support Clean Energy and Revenue Growth

Iraq plans to significantly raise liquefied petroleum gas (LPG) production at the Basra Gas Company (BGC) as part of a long-term energy strategy. The...

Iraq’s Basrah Oil Prices Rise as Global Crude Falls

Basrah crude oil prices climbed on Tuesday, even as global oil markets saw significant losses. This divergence highlights shifting dynamics in regional demand and...

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