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EV Sales Boom Feeds on Oil Crises

The International Energy Agency (IEA) revealed in a recent study that Middle East tensions and Strait of Hormuz disruptions have had an unintended positive impact on the electric vehicle sector. With...

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...

Iraq Moves to Increase Oil Exports Following Exemption from Strait of Hormuz Restrictions

The Iraqi Ministry of Oil reported in a brief statement that it is practically planning to accelerate its oil exports through southern ports after Baghdad officially received a special exemption from...

Iraq Moves to Increase Southern Oil Exports by 120,000 Barrels Per Day

In a calculated move to strengthen its export position and meet growing demand, Iraq intends to increase its oil exports from southern ports by 120,000 barrels per day, primarily targeting major Asian...

Warnings of a Global Food Crisis Following Rising Fertilizer and Rice Prices

Recent international economic reports have issued severe warnings of a new and violent wave of inflation in global food prices, driven by rising fertilizer costs, climate change, and maritime shipping...

Oil Prices Record Noticeable Jumps with Escalating Regional Tensions

Global oil markets have witnessed a significant and rapid rise over the past two days due to growing fears of vital supply disruptions through strategic waterways in the Middle East. Observers believe...

Expectations of Growing Foreign Investment in Iraq's Associated Gas Sector

Economic reports indicated increased interest from international companies in investing in associated gas projects in Iraq. These steps aim to reduce reliance on imported gas for power plants, which w...

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...

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...

Energy Markets in Shock: Iraq Raises the Flag and Declares "Force Majeure"

Have you ever imagined the global economy's lifeline flatlining overnight? That’s exactly what’s happening right now! In a dramatic plot twist highlighting the massive regional crisis, Iraq has declar...