Latest Economy News

PJSC LUKOIL and INPEX SOUTH IRAQ LTD received approval from Iraqi state-owned Thi-Qar Oil Company (TOC) for Declaration of Commerciality of Reserves and Outline Development Proposal for Eridu oilfield located within Block 10 in Iraq. Following TOC’s approval, LUKOIL and INPEX SOUTH IRAQ are planning to proceed with the implementation of the Eridu oilfield development pla

BAGHDAD, March 9 (Reuters) - The 2003 U.S.-led invasion of Iraq was meant to topple a dictator who had inflicted reckless wars and economic misery on his fellow Iraqis, and then to usher in a thriving democracy. Instead, Iraqis faced years of upheaval and chaos. A devastating insurgency, first by Saddam Hussein loyalists and then by al Qaeda, was followed by a sectarian c

Baghdad, Iraq (ILO News) A new agreement between Italy and the International Labour Organization (ILO) will enhance support to private sector development and decent job creation in Southern Iraq, with a focus on promoting sustainable green businesses. Under the agreement, hundreds of young women and men looking to grow or develop their micro, small and medium-sized enterpris

Mohamed Shia Al Sudani outlines his government's domestic and foreign policy objectives Iraqi Prime Minister Mohammed Shia Al Sudani said Iraq was keen to act as a hub for bringing together countries in the region. Reuters Tackling corruption in Iraq is key to encouraging investment and restoring public faith in the political process, Prime Minister Mohammed Shia Al Sudan

HAMBURG, Feb 24 (Reuters) - Iraq’s state grains buyer is believed to have purchased about 250,000 tonnes of wheat expected to be sourced from Australia in an international tender restricted to a limited number of participants this week, European traders said on Friday. European traders said the wheat was believed to have been bought at an estimated $428 a tonne c&f free