Latest Economy News

Iraq's Prime Minister Mustafa al-Kadhemi met Iran's recently-elected President Ebrahim Raisi on Sunday to discuss the neighbours' economic relations, official sources said. Kadhemi is the first foreign leader to visit the ultra-conservative Raisi, and brought along a "high level political and economic delegation," Iran's official IRNA news agency said. Television showed t

The development is important for 'promoting and sustaining national production', oil ministry says The Rumaila oilfield in Basra. Iraq's Cabinet has approved plans submitted by BP to spin off the development of the oilfield. Reuters Sarmad Khan Oct 4, 2021 Iraq’s Ministerial Energy Council approved talks with US energy giant Chevron to develop four exploration block

An early election emerged as one of the central demands from the bloody protests that swept across Baghdad and Iraq’s southern region in 2019. In response to the mass protest movement in 2019, Iraq is holding its early parliamentary election on Sunday amid calls for a boycott, increasing distrust towards the existing political system, and a crippled economy exacerbated by th

It is believed that the tablet was looted from an Iraqi museum in 1990 and introduced into the United States in 2007. The Gilgamesh Tablet, which features inscriptions in Sumerian, is considered one of the world’s oldest religious texts [File: US Immigration and Customs Enforcement-ICE via AP]  The U.S. will return a 3,500-year-old clay tablet previously owned by craft re

The seven-year financing period will support the increase in gas production capacity by 50 percent DUBAI: A UAE consortium has secured $250 million to boost the expansion of a gas plant in the Kurdistan Region of Iraq, as demand for clean natural gas grows. Pearl Petroleum, comprising Dana Gas and Crescent Petroleum, has signed a financing agreement with the US Internatio