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Meta Begins Laying Off Hundreds of Employees to Cut Costs

Meta has initiated a widespread layoff process affecting hundreds of employees across various departments and teams within the organization, including hardware development and product management secto...

Meta and Google Found Liable in Landmark Social Media Addiction Trial

A US jury has found Meta and Google liable for causing social media addiction among users, following over 40 hours of intense deliberation in a California federal court. The court ordered the companie...

Resumption of Commercial Activity by Giant Chinese Shipping Company Towards Iraqi Ports

One of the most prominent maritime shipping companies in China has decided to reactivate its bookings and direct its commercial maritime operations once again towards Iraqi ports such as Umm Qasr, alo...

Gold Achieves Historic Leap, Approaching One Million Dinars Per Mithqal in Iraqi Market

Gold prices locally, specifically the 21-karat, have witnessed unprecedented jumps approaching the barrier of one million dinars per mithqal, creating noticeable disruption in goldsmith market sales.T...

Establishment of the "National Company for Electronic Payment Systems" Decreed by the Central Bank of Iraq

The Central Bank of Iraq has announced the launch of the "National Company for Electronic Payment Systems", an institution with mixed capital from the public and private sectors, aiming to revolutioni...

US Chevron Acquires Development Rights for Strategic Oil Field, Replacing Russian Firm

The giant US company Chevron has obtained the operating and development rights for one of the most prominent oil fields in Iraq, serving as an official replacement for a Russian energy company that re...

Iraqi Parliament Warns of Massive Financial Gap in 2026 Budget

The Parliamentary Finance Committee has issued stark warnings of major challenges facing the 2026 federal budget, expecting a record financial deficit that could exceed $61 billion due to global energ...

Iraq's Sovereign Rating Placed on Negative Watch by Standard & Poor's

Standard & Poor's (S&P) has placed Iraq's sovereign credit rating on "Negative Watch", influenced by the economic consequences of ongoing regional conflicts. This action, published by Dijla Point News...

Iranian Gas Flow to Iraq Increases to 18 Million Cubic Meters to Revive Electricity

Supplies of imported Iranian gas have resumed flowing into Iraq, recording 18 million cubic meters daily, following a supply disruption crisis that recently disrupted power generation plants. This cam...

World Bank Projects Iraq to Lead Arab Economic Growth Rates in 2026

The World Bank, in its latest report, projects that the Iraqi economy will make a qualitative leap by recording the highest growth rate in the Arab world for 2026, expected to reach 6.7%. This positiv...

Official Agreement Reached to Resume Kirkuk Crude Pumping via Turkey's Ceyhan Port

The Federal Government and the Kurdistan Regional Government have concluded a final agreement to resume pumping and exporting crude from Kirkuk and the region towards the Turkish port of Ceyhan. Initi...

Massive Drop in Southern Iraq Oil Output Amid Export Bottlenecks

Crude oil production in southern Iraqi provinces has seen a steep 80% decline, as documented by Dijla Point News, coinciding with maximum capacity in storage facilities and halted exports through the...