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How are Gulf and Iraqi Economies Affected by Regional Complexities?

An analytical report by CNBC Arabia, based on IMF figures, stated that oil-exporting countries in the Middle East are experiencing an economic paradox. On one hand, their budgets benefit from high oil...

Global Inflation Returns to the Forefront Driven by Shipping and Energy Costs

The World Bank expressed deep concern in its economic bulletin over a new inflationary wave hitting global markets. The report explained that shipping companies' reluctance to transit the Strait of Ho...

Gold Shines as a Safe Haven Amid the Regional Geopolitical Storm

In connection with the Middle East crisis, gold prices have recorded historic highs, surpassing the $2,400 per ounce barrier. Financial Times reports explained that this skyrocketing rise came as a di...

IMF: Middle East Crisis Redraws the Global Economic Map

The International Monetary Fund (IMF) issued its April report, warning of unprecedented repercussions from the ongoing events in the Middle East. According to the report, continuous tensions have led...

IMF Spring Meetings Discuss Energy Crisis in Iraq

The spring meetings of the International Monetary Fund and the World Bank commenced in Washington with the participation of a high-level Iraqi delegation. Discussions focused on the repercussions of t...

Asian Development Bank Warns of Continental Growth Slowdown to 5.1 Percent Due to Conflicts

The Asian Development Bank issued a stark warning regarding the continent's economic outlook, noting that the pace of growth will experience a significant slowdown, reaching 5.1% this year. The bank a...

Major Partnership Agreement with TotalEnergies Enters Effective Implementation

Technical staff at the Ministry of Oil, in cooperation with the French company TotalEnergies, have begun implementing four major projects within the Integrated Energy Agreement, valued at approximatel...

Significant Rise in Iraq's Gold and Foreign Currency Reserves

Recent data from international financial institutions showed a record rise in the Central Bank of Iraq's reserves of foreign currencies and gold, surpassing the $100 billion mark for the first time in...

Development Road Project Achieves Significant Progress in Technical Completion Rates

The Iraqi Ministry of Transport revealed that the completion rates for the preliminary designs of the strategic Development Road project have reached very advanced stages. It confirmed that internatio...

US Reports Rule Out Reopening of Strait of Hormuz in the Foreseeable Future

Recent US intelligence reports suggest that the Strait of Hormuz will remain closed to global maritime traffic for longer than expected. Estimates indicate that Tehran views controlling the strait as...

Trade Between Iraq and Iran Exceeds $10 Billion Amid US Scrutiny

Economic data reviewed by Tigris Point News showed that the volume of non-oil trade between Iraq and Iran exceeded the $10 billion mark this year, despite strict US scrutiny over cross-border financia...

US Energy Firms Sign Contracts to Reduce Iraqi Reliance on Iranian Gas

In special coverage by Tigris Point News, the Iraqi Ministry of Oil signed memorandums of understanding with US companies to capture flared gas, in a strategic effort to reduce Baghdad's long-term rel...