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Swedish Prime Minister Warns of Major Impact from Middle East Conflict on European Economy

Swedish Prime Minister Ulf Kristersson warned in press statements on Thursday, April 23, 2026, that his country's economy and the European Union would be significantly affected by the escalating confl...

Saudi Trade Balance Records Highest Surplus in Five Months

Official data released by the Saudi General Authority for Statistics on Thursday, April 23, 2026, showed that the Kingdom of Saudi Arabia's trade balance recorded its highest surplus in five months du...

Dollar Exchange Rate Stabilizes at 1,310 Dinars in Iraq's Official Transactions

The Central Bank of Iraq announced on Thursday, April 23, 2026, that the exchange rate of the U.S. dollar against the Iraqi dinar remained stable at 1,310 dinars per dollar, within the framework of th...

Washington Halts Dollar Shipments and Suspends Security Coordination with Baghdad

Informed sources reported on Monday (April 20, 2026) that the U.S. administration has decided to stop cash dollar shipments to Iraq and suspend funding for some Iraqi security institutions. The source...

Agricultural Dependency: Iraq Tops the List of Grain Importers from Turkey's Aegean Region

Recent trade data has revealed a significant increase in Iraq's reliance on agricultural imports from neighboring countries, with Iraq topping the list of importers from Turkey's Aegean region, specif...

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...

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...

Iran Closes Strait of Hormuz, Escalating Regional Tensions

Iranian authorities announced the complete closure of the strategic Hormuz Strait. This sudden decision came in response to the ongoing US naval blockade. The Revolutionary Guards confirmed total cont...

World Bank Resumes Official Relations with Venezuela in a Surprise Economic Move

In a surprising move for global financial markets, the World Bank Group announced on April 16, 2026, the resumption of its official dealings with the Venezuelan government, as part of international ef...

Future Scenarios: What if the Strait Crisis Worsens?

Standard & Poor's economists developed future scenarios based on recent IMF data. In the worst-case scenario, if Middle East events lead to a total closure of the Strait of Hormuz, oil prices could to...

Monetary Policies in a Dilemma Between Curbing Inflation and Supporting Slowing Growth

According to Fitch Ratings, central banks face a real dilemma due to the fallout from the Middle East crisis. With oil prices igniting due to the Strait of Hormuz crisis, banks find themselves forced...