Search the news

Alternative Energy Routes: Strategic Proposal to Connect Basra Oil to Ceyhan Port to Bypass Hormuz

Amid escalating risks surrounding traditional shipping lanes, a strategic proposal carrying profound economic and political dimensions has emerged: the construction of a new pipeline connecting the oi...

The Iraqi Dinar Faces Renewed Pressure as the Dollar Continues to Rise in the Parallel Market

Concerns have returned to loom over local Iraqi markets with the recording of a new increase in the exchange rates of the US Dollar against the Iraqi Dinar, surpassing the 154,000 dinars per one hundr...

Exceptional Leap in Global Oil Prices Presents Iraq's Budget with New Challenges

Global energy markets experienced unprecedented turmoil following a sudden spike in crude oil prices by over 5%, driven by escalating security risks and the closure of strategic maritime corridors, sp...

IMF Issues Warnings Regarding a Sharp 6.8 Percent Contraction of the Iraqi Economy

In its latest Regional Economic Outlook report, the International Monetary Fund (IMF) issued a stern warning regarding Iraq's growth trajectory, projecting a severe economic contraction of up to 6.8%...

Prime Minister's Advisor Reveals Internal Borrowing Options to Address Funding Gaps

Iraq's public finances are facing a critical test with the emergence of clear revenue gaps, prompting decision-makers to seek sustainable financing alternatives to prevent the stalling of development...

Ministry of Trade Adopts New Policy Package to Fortify Food Security and Reduce Transport Costs

Amid the challenges posed by the volatility of global supply chains, the Iraqi Ministry of Trade has announced the adoption of a comprehensive package of proactive policies and measures aimed at prote...

Strategic Trade Shifts: Reopening of the Rabia Border Crossing Between Iraq and Syria

The Iraqi economic landscape is witnessing a significant geo-strategic shift with the reopening of the Rabia border crossing with Syria, reflecting a serious move towards diversifying trade corridors...

Trump Speaks of Good Conversations with Tehran

US President Donald Trump revealed the existence of good conversations currently underway with Tehran. These surprising remarks came despite Iran's announcement of closing the Hormuz Strait and recent...

Oil Tanker Targeted Off the Coast of Oman

The UK Maritime Trade Operations reported that a commercial oil tanker suffered a naval attack. The incident occurred in the waters between Iran and Oman amid escalating regional tensions. Reports ind...

Drone Attacks Target Iraqi Kurdistan Region

The Iraqi Kurdistan region was subjected to violent attacks using suicide drones and precision missiles. The bombing resulted in the deaths of three Iranian Kurdish opposition members in Erbil's subur...

UN Soldier Killed as South Lebanon Truce Collapses

South Lebanon witnessed a dangerous military escalation threatening the temporary truce agreement's total collapse. Israeli forces launched intensive raids targeting various sites under the pretext of...

Ongoing Political Deadlock Delays Iraqi Government Formation

The political deadlock in Iraq continues amid a total inability to choose a prime minister. The Coordination Framework corridors are witnessing sharp disputes preventing an acceptable compromise candi...