Latest Economy News

By Fiona MacDonald and Kateryna Kadabashy February 7, 2023 at 5:47 PM GMT+1 Iraq revalued its currency just over two weeks after replacing the central bank governor as part of an effort to stabilize the foreign exchange market. The cabinet on Tuesday approved a decision to set the exchange ra

Basra (IraqiNews.com) – A Memorandum of Cooperation (MoC) was recently signed by StartUP and Hayat Al-Janoub to solidify their strategic alliance and continue their short- and long-term cooperation. This collaboration will make it possible to strengthen the economy of Iraq, grow the private sector, and make it easier for Basra’s engineers to find employment. Both businesses

Baghdad (IraqiNews.com) – The Building Iraq Exhibition will be held in Baghdad this week, from November 21 to November 24, 2022. The show will take place at the Baghdad International Fairground. Over 100 companies’ products connected to building materials will be on display at the event. The United Arab Emirates, Egypt, Saudi Arabia, Qatar, Turkey, France, Germany, Greece, I

The average price of Iraqi crude oil in October was 88.31 dollars a barrel, according to the Ministry, citing data from the State Organisation for Marketing of Oil According to the country's Oil Ministry, Iraq exported 104.83 million barrels of crude oil in October, earning USD 9.25 billion in income. According to the Ministry, the average price of Iraqi crude oil in Octo