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Author: Iraq123 News

Iraq experienced loss of at least 1.5 Billion U.S dollars due to the Internet Interruption

Iraq experienced loss of at least 1.5 Billion U.S dollars due to the Internet Interruption

A source in the Iraqi Central Bank has indicated the financial loss in the Iraqi electronic and tourism sectors. The financial loss in major sectors exceeded 1.5 billion U.S dollars due to the interruption of the Internet service. The source also informed that the private sector had been hit by the Internet shutdown imposed by the government to handle demonstrations in the country. It was said that Iraqi private banks recorded losses of more than 16 million U.S dollars per…

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Fluctuation in Gold Prices and 20 Billion Iraqi Dinars allocated for Nineveh Province

Fluctuation in Gold Prices and 20 Billion Iraqi Dinars allocated for Nineveh Province

On Wednesday, gold prices rose because investors were tentative in expectation of a trade agreement between China and the United States. The demand for precious metals often considered a safe haven supported by concerns regarding the growth of the global economy. The spot gold increased by 0.1% to 1,485.25 USD per ounce. Gold has shown its major one-day percentage drop on Tuesday, since the end of September at 1.7%. The U.S gold futures increased by 0.2% to 1486.90 USD. It…

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Iraq is offering a significant amount of Land for Agricultural Investment

Iraq is offering a significant amount of Land for Agricultural Investment

The Iraqi Minister of Water Resources Jamal Al-Adli announced the measures of the ministry in cooperation with the Iraqi Ministry of Agriculture. He also indicated the Investment Authority steps of a million acres for investment as a first stage. Al-Adli issued a press conference accompanied by the Minister of Agriculture and Chairman of the Investment Authority. He said that the land offered for investment is distributed between the provinces of Najaf and Al-Muthanna. The Ministry allocated an area of ??700…

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Iraqi Oil Ministry declared total amount of Oil Exports and Revenues in October 2019

Iraqi Oil Ministry declared total amount of Oil Exports and Revenues in October 2019

The Iraqi Oil Ministry has announced the total amount of exports and revenues for the month of October 2019. The total amount of oil exports rose from September. A spokesman for the Iraqi Oil Ministry, Asim Jihad said in a press statement that the total amount of crude oil exported for the month of October from central and southern Iraqi oil fields amounted to 103 million, 540 thousand, and 855 barrels. The statement further said the exported quantities amounted to…

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Total Oil Exports in September and an increase in Customs Revenues

Total Oil Exports in September and an increase in Customs Revenues

The Iraqi Oil Ministry issued a statement that the total exported quantities of crude oil for the month of September was amounted to 103 million, 10 thousand and 306 barrels, with revenues of 6 billion and 89 million and 244 one thousand dollars. The oil was extracted from the oil fields in central and southern Iraq. A spokesman for the ministry, Assem Jihad said the quantities exported from Kirkuk oil through the Turkish port of Ceyhan 166 thousand and 848…

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Iraqi Finance Ministry announced important points about the 2020 Budget

Iraqi Finance Ministry announced important points about the 2020 Budget

The Iraqi Finance Ministry has announced that the Iraqi budget 2020 has gained advanced stages in its discussion. It was also said that the ministry did not adopt a fixed price of a barrel of oil with a daily export of 3 million and 800 thousand barrels, including 250 thousand barrels share from the Kurdistan region. The Undersecretary of the Ministry Dr. Maher Hammad Johan issued a press statement. The statement has indicated that the budget for the next year…

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Electronic Payment System is essential for Economic Reforms and to fight against Corruption

Electronic Payment System is essential for Economic Reforms and to fight against Corruption

The Iraqi Prime Minister stressed the importance of e-transactions and the electronic payment systems in his speech. A number of specialists and economists realized that the endorsement of advanced technology is an essential element to be the seed of economic reform. The Iraqi PM renewed calls to face corruption in a real and perfect acceptance of advanced technology being used internationally. They adopted locally with support from competent companies and interacted with the public. The electronic payment system must be…

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Finance Ministry is providing 100,000 Jobs and return of Military personnel in Defense Ministry

Finance Ministry is providing 100,000 Jobs and return of Military personnel in Defense Ministry

The Iraqi Finance Ministry has announced that more than 250,000 Iraqi people will come back to service in the Iraqi interior and defense ministries. The Undersecretary of the Finance Ministry, Maher Hammad Johan issued a press statement. The statement said it is a necessary part of the work by the Ministry of Finance in order to fulfill the demands of the demonstrators. He cataloged at the same time the demands of citizens, especially since part of these demands brought about…

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