Search the news

Gold Declines Amid US-Iran Talks and Central Bank Decisions

Gold prices retreated as investors monitored developments in the Middle East conflict and the stalled peace talks between the United States and Iran, alongside anticipation of interest rate decisions...

Approaching Resolution on Iraqi Government Presidency as Constitutional Deadline Nears

Iraq's main Shia forces are facing increasing difficulties in reaching a consensus on a candidate to form the government before the constitutional deadline expires, amid escalating political and parli...

Apple Announces Historic Leadership Change as John Ternus Prepares to Succeed Tim Cook

Apple Inc. announced in an official statement issued Wednesday evening, April 22, 2026, a historic leadership transition in its modern history, as John Ternus prepares to succeed Tim Cook as the compa...

Exceptional Leap in Global Oil Prices Presents Iraq's Budget with New Challenges

Global energy markets experienced unprecedented turmoil following a sudden spike in crude oil prices by over 5%, driven by escalating security risks and the closure of strategic maritime corridors, sp...

Major Investment Funds Redirect Their Compass Towards Gold and Green Tech

The Wall Street Journal observed a strategic shift in the behavior of major global investment funds in response to IMF warnings. These funds have begun lightening their portfolios of fossil fuel-depen...

Strait of Hormuz: The Chokepoint Pushing Oil Prices to Record Highs

Bloomberg network highlighted the impact of security disturbances near the Strait of Hormuz, through which a fifth of the world's oil consumption passes. The report, based on IMF data, noted that fear...

Iraqi Concerns Over Repercussions of New US Sanctions on Tehran

The Iraqi government and the Central Bank of Iraq are exploring urgent mechanisms to avoid the fallout from the new package of US economic sanctions imposed on Iran. Concerns in Baghdad are focused on...

Microsoft Prepares to Launch "Colossal" AI Models by 2027

Leaked internal documents have revealed that Microsoft is actively developing an entirely new generation of colossal artificial intelligence models, slated for release in 2027, as part of an effort to...

Central Bank of Iraq Launches New Measures to Stabilize the Iraqi Dinar

The Central Bank of Iraq announced today a third package of banking facilities aimed at controlling the exchange rate of the Dinar against the Dollar in parallel markets. These measures include expand...

Expansion of Digital Payments Enhances Monetary Stability in Iraq

The Iraqi banking sector is witnessing an unprecedented boom in the use of digital payment systems and points of sale (POS), coinciding with binding Central Bank directives for businesses and the inte...

Gold Maintains Its Gains Amid Global Market Pressures

Gold prices recorded slight and cohesive increases to settle at historic record levels, ignoring the market pressures resulting from the strong dollar and the delay in US interest rate cuts. Investors...

AI Revolution Reshapes Job Market and Tech Investments

Major technology companies are leading the global economic scene thanks to the massive expansion of artificial intelligence applications. This trend has led to billions of dollars in investments in th...