Eco - MN iraq News

Eco 08 Jun 2026

Iraqi Government Moves Towards Preparing 2027 Budget, Bypassing 2026 Amid Economic Challenges

An Iraqi government official revealed that the government is shifting its focus toward preparing the draft general budget for 2027, bypassing the appr...

Government Discussions with the World Bank to Enhance Financial Reform and Budget Development

The Ministry of Finance held extensive discussions with a high-level delegation from the World Bank to explore technical and advisory support mechanis...

Significant Rise in Local Gold Prices Amid Economic Anticipation

Local gold markets have witnessed a record surge in prices, with the cost of a 24-karat gold misqal surpassing the one-million Iraqi dinar mark. Accor...

Detection of Irregularities and Suspected Corruption in a Major Service Project in Kirkuk

Competent regulatory authorities have announced the discovery of technical breaches and suspected corruption in a strategic service project in Kirkuk...

Al Rafidain Bank Initiates Payment of Reconstruction Bonds Interest

Al Rafidain Bank has announced the commencement of the semi-annual interest disbursements for the second issuance of reconstruction bonds. These bonds...

Significant Drop in Iraqi and Global Oil Prices Amid Market Fluctuations

Iraqi oil prices experienced a decline during daily trading in global markets. Basra Medium crude fell to $71.28 per barrel, while Basra Heavy crude d...

Launch of a Comprehensive Information System to Regulate the Iraqi Labor Market and Reduce Unemployment Rates

Government authorities overseeing the labor and social affairs sector announced their progression in establishing a comprehensive labor market informa...

Government Efforts to Strengthen the Iraqi Dinar Through Economic Diversification and Expanding Electronic Payments

Financial advisory bodies to the Iraqi government confirmed the implementation of a strategic package of measures aimed at preserving the purchasing p...

Ministry of Electricity Launches Campaign to Remove Illegal Grid Connections Amid Significant Power Deficit

The Ministry of Electricity disclosed on Friday a substantial gap between actual power production and domestic demand. The Ministry announced the laun...

Minister of Oil Conducts Inspection Tours to Ensure Smooth Fuel Supply at Stations

The Minister of Oil, Basim Mohammed Khudhair Al-Abadi, conducted a field inspection tour on Friday across several fuel stations to directly supervise...

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1 month ago