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Rubio praises Nechirvan Barzani’s efforts to resume oil exports from the region and strengthen the partnership with America. US Secretary of State Marco Rubio on Sunday praised the efforts of Kurdistan Region President Nechirvan Barzani in reopening Kurdistan’s oil export … Continue reading →

In numbers… Iraq loses more than $13 billion of its reserves in two years USD-Iraqi dinarEconomic data indicated a clear decline in Iraq’s foreign reserves over three consecutive years, an indicator that deserves careful consideration. Reserves reached $111.7 billion in … Continue reading →

Iraq’s domestic public debt is rising The Central Bank of Iraq announced on Sunday that domestic public debt had increased by the end of September 2025. The bank said in an official statistic seen by Shafaq News Agency that “Iraq’s … Continue reading →

Iraq is the fifth largest Gulf trading partner after exports to it grew by about 50% Statistics issued by the Gulf Statistics Center showed that Iraq emerged as one of the most important trading partners of the Gulf Cooperation Council … Continue reading →

A year ended without a budget… Iraq is on the verge of economic paralysis and a freeze on services. Economic expert Ahmed Al-Tamimi warned on Tuesday (November 4, 2025) of serious repercussions that may result from the end of the … Continue reading →

Bank of Baghdad announces the formation of its new board of directors as part of the banking reform program. Bank of Baghdad, one of the leading banks in Iraq, announced the formation of its new board of directors during the … Continue reading →

Sudani: Iraq is an independent partner of the United States Prime Minister Mohammed Shia al-Sudani affirmed that the upcoming elections represent a turning point between the previous phase of instability and the current phase of security, reconstruction, and services. In … Continue reading →

“Wars have hampered it”: A proposal to establish a sovereign wealth fund for Iraq and invest it in development projects. On Tuesday, the Prime Minister’s advisor, Mazhar Muhammad Salih, proposed the establishment of a domestic sovereign wealth fund to invest … Continue reading →

Iraqi government officially halts fuel imports and decides to divert surplus for export The Iraqi government decided on Tuesday to stop importing gasoline, gas oil (kerosene), and white oil because local production of these fuels has reached quantities that exceed … Continue reading →