Category Archives: Uncategorized

Iraqi Parliament: SOMO has agreed with Türkiye to resume Kurdistan Region oil exports. Shakhwan Abdullah, Deputy Speaker of the Iraqi Parliament, stated on Sunday that the national oil company SOMO had reached an agreement with the Turkish side to resume … Continue reading →

Iraq: Billions of dollars drop in trade balance, oil derivative exports rise The Iraq Future Foundation for Economic Studies and Consultations reported on Sunday that the country’s trade balance declined to a surplus of approximately $6 billion during the first … Continue reading →

Iraq is about to open one of the largest renewable energy projects in the region. Iraqi Electricity Minister Ziyad Ali Fadhil announced on Sunday that the ministry will soon launch the “Shams Basra” clean energy project. This came in a … Continue reading →

A close associate of al-Sadr: The real alternative to boycotting the elections is to replace the current faces “without a trace” Saleh Mohammed al-Iraqi, a close associate of Shiite National Movement leader Muqtada al-Sadr, revealed on Sunday that al-Sadr is … Continue reading →

SOMO reveals increase in revenues from oil exports The State Oil Marketing Organization (SOMO) announced on Sunday that it had achieved an increase in its revenues after the voluntary cut was ended. The company’s general manager, Ali Nizar Al-Shatri, told … Continue reading →

Electoral Commission: “Vote buying is an electoral crime, and any candidate who commits it will be referred to the judiciary.” The Independent High Electoral Commission confirmed on Sunday that the punishment of the candidate who “buys votes” may occur even … Continue reading →

Iraqi traders discuss developing import and export at the Tradex Summit in Erbil. The Kurdistan Region Importers and Exporters Union held the Tradex Summit in Erbil Governorate, with the participation of a large number of businessmen, investors, and experts in … Continue reading →

US report: Iraq needs $95 oil price to balance its budget S&P Global Commodity Insights revealed on Saturday that Iraq needs an oil price of $92 per barrel to balance its budget this year. According to the agency’s report on … Continue reading →

Avoiding a life-or-death choice, Iraqis may lose the blessing of air conditioning and their last hope in the Gulf. Demand for electricity is doubling in the Middle East, particularly Iraq, threatening to exacerbate social and political unrest. Governments unable to … Continue reading →

Iraq’s holdings of US bonds have fallen to less than $30 billion. The US Treasury Department announced on Saturday that Iraq is not among the top 20 countries holding US bonds, while two Arab countries are among the top holders. … Continue reading →