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Border Ports Authority Foils Major Smuggling Operations at Umm Qasr Port

The Border Ports Authority announced on Friday the foiling of a series of massive smuggling attempts at Umm Qasr Port in Basra Governorate, during an intensive field inspection. The operations resulte...

Slight Variation in Local Exchange Rates Coinciding with Stable Gold Prices Globally and Locally

Local currency markets witnessed a slight decline in the exchange rates of the US dollar against the Iraqi dinar, while gold prices maintained relative stability in both local and global markets. The...

Mustafa Sana'd Nominated as Minister of Communications in New Government

The head of the Supreme Islamic Council and the Governor of Basra announced the nomination of Mustafa Sana'd for the position of Minister of Communications in the new Iraqi government. The head's medi...

Strait of Hormuz Turmoil Disrupts Iraqi Markets: How Maritime and Land Shipping Control Prices?

The head of the Diyala Chamber of Commerce affirmed that maritime and land transport form the backbone of Iraqi trade, while the impact of air shipping remains limited. He explained that over 50% of g...

Al-Binaa and Development Coalition Nominates Bassem Mohammed Khudhair for Oil Ministry in Upcoming Government

The Construction and Development Coalition, led by Mohammed Shia' Al-Sudani, has nominated Bassem Mohammed Khudhair for the position of Oil Minister in the upcoming government formation. This came dur...

Gold and Dollar Prices in Iraqi Local Markets

Gold prices in local markets witnessed stability, in conjunction with the continued rise of the US dollar exchange rates in the local market, while an ounce of gold recorded 4700 dollars.The selling p...

Iraqi Oil Prices Record Notable Rise in Global Markets

Iraqi oil prices recorded an increase during daily trading in global markets.According to official data, the price of Basra Medium crude rose to $118.99 per barrel, while the price of Basra Heavy crud...

Iraqi Oil Prices Stable in Global Markets

Iraqi oil prices recorded stability on Thursday (May 7, 2026) during daily trading in global markets.According to data, Basra Medium crude price stabilized at $123.57 per barrel, while Basra Heavy cru...

Iraqi Oil Prices Decline in Global Markets

Iraqi oil prices recorded a decline today, Monday (May 4, 2026), during weekly trading in the global market.According to market data, Basra Medium crude rose to $123.57 per barrel, while Basra Heavy c...

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...