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A Large Number of Iraqi Officials and Politicians Involved in Corruption: Report

A Large Number of Iraqi Officials and Politicians Involved in Corruption: Report

On Sunday, Al-Watan newspaper published a report about a team of international investigators in Iraq. The report has indicated that the team has finalized advanced stages in the sentiment ...
World Bank

Iraq has Improved its Business Environment and Rreforms: World Bank

The annual report of the World Bank has indicated that business environment in Iraq has made a significant amount of progress in various sectors, in spite of an insignificant decline ...
Next Year will see Corrupt Elements in the Court: Al-Abadi

Next Year will see Corrupt Elements in the Court: Al-Abadi

On Tuesday, a deputy close to the Iraqi Prime Minister Haider Al-Abadi informed about the development in the latest extensive report regarding administrative and financial corruption. ...
The Iraqi Oil Minister Jabbar Ali Al-Allaibi has announced that Iraqi oil ministry has succeeded in increasing the financial revenues of Iraqi federal treasury and it is amounted at more than 47 billion 880 million U.S dollars on the crude oil export to global oil markets during the last 10 months. He added that the oil ministry has achieved its commitments to the Iraqi federal treasury for the year 2017. The ministry was able to collect 48,880 U.S dollars financial revenues during the mentioned time period and before the end of the months 2017. He said, it is expected that we will be able to add at least 10 billion U.S dollars for the months of November and December 2017. It would enhance the total expected revenue projected for the current year about 57 billion U.S dollars. The oil ministry also announced that ministry has collected more than 7 billion U.S dollars financial revenues during the past 10 months, despite most challenging economic and financial situation in the country. The oil ministry of Iraq also said that Iraq has been experiencing most critical crisis and economic & security challenges. But, the Iraqi oil ministry has shown its commitment in reducing the production of Iraqi crude oil according to the decisions of the OPEC (Organization of Petroleum Exporting Countries). It has been considered a great achievement earned by the Iraqi government and Iraqi oil ministry, and also for the workers in the oil sector. The spokesman for the oil ministry Assem Jihad said that the average selling price of Iraqi crude oil for the last 10 months was amounted at more than 47 U.S dollars per barrel. Now, it has been added with an increase of 5 U.S dollars in the price dedicated for the Iraqi federal budget 2017. The spokesman of the ministry stressed that this increase in the financial revenues of the state would significantly decrease the part of deficit in the Iraqi budget 2017. Iraqi Oil Ministry Achieved Target Efficiently During the Past 10 Months

Iraqi Oil Ministry Achieved Target Efficiently During the Past 10 Months

The Iraqi Oil Minister Jabbar Ali Al-Allaibi has announced that Iraqi oil ministry has succeeded in increasing the financial revenues of Iraqi federal treasury and it is amounted at ...
CBI Ordered all Iraqi Banks to Close their Branches in Kurdish Region: Reuters

CBI Ordered all Iraqi Banks to Close their Branches in Kurdish Region: Reuters

On Thursday, the Reuters news agency reported that the Iraqi Central Bank has advised all banks to close their entire branches in the Kurdistan region. The agency quoted unnamed banking ...
Iraqi Dinar Currency is Moving towards IQD Revaluation: Experts

Iraqi Dinar Currency is Moving towards IQD Revaluation: Experts

It is supposed that the Iraqi dinar currency be attached to a basket of major currencies, international reserve currencies, which is powerful in foreign trade and capital markets. Iraq ...
Important Meeting of Iraqi FM with Iranian Industry & Trade Minister

Important Meeting of Iraqi FM with Iranian Industry & Trade Minister

The Iraqi FM (Foreign Minister) Ibrahim Al-Jaafari welcomed an Iranian delegation at his office in Baghdad. The Iranian Minister of Industry and Trade Muhammad Sharit Madari headed ...
Current Parliamentary Session Extinguished Oil & Gas Law

Current Parliamentary Session Extinguished Oil & Gas Law

On Thursday, the Iraqi Parliamentary Oil and Energy Committee extinguished the adoption of the oil and gas law in the current session of Iraqi Parliament. The Committee said that the ...
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