A Sudden Rise in US Crude Stocks Reduces Oil Prices

A Sudden Rise in US Crude Stocks Reduces Oil Prices

Oil prices fell on Wednesday, after data showed an unexpected increase in inventories in the United States and as investors awaited news on whether the United States will impose duties on Chinese goods on Sunday. Brent crude futures fell 45 cents, or 0.7 percent, to $ 63.89 a barrel by 0733 GMT. The US West […]

The US Budget Recorded a Deficit of 984 Billion Dollars

The US Budget Recorded a Deficit of 984 Billion Dollars

A report of the American website “Reason”, on Wednesday, said that the federal budget deficit reached 984 billion dollars, an increase of 50 percent since Trump took office. The report, translated by “The Information,” stated that “Trump added, within three years of taking office in the White House, to the national debt more than George […]

Ministry of Commerce

Iraq was Elected Chairman of The Intellectual Property Commission for The Arab Free Trade Zone

Today, Wednesday, the Ministry of Commerce announced the details of the first meeting of the Intellectual Property Committee within the framework of the Greater Arab Free Trade Area in the Arab League, pointing to the election of the Deputy Director General of the Department of Foreign Economic Relations, Musab Osama, as permanent chairman of the […]

The Stability of The Exchange Rate of The US Dollar Against The Iraqi Dinar

The Stability of The Exchange Rate of The US Dollar Against The Iraqi Dinar

The exchange rates of the dollar stabilized on the Kifah Stock Exchange and local markets, today, Wednesday, (December 11, 2019). The prices of the Kifah Stock Exchange – Baghdad recorded 120.750 dinars per 100 dollars. Buying and selling prices in banking shops: The sale price of the dollar = 121.250 dinars. The purchase price of […]

An Iraqi Oil Company Invests More Than $3 Billion in Iraq

An Iraqi Oil Company Invests More Than $3 Billion in Iraq

Majid Jafar, CEO of the Iraqi-based Crescent Petroleum, said on Tuesday that the company is investing more than $ 3 billion in Iraq. He added during a meeting in a conference in Abu Dhabi, “We have invested more than three billion dollars in Iraq over the past ten years, and this rate is increasing.” In […]

The 2020 Budget will be Built on The Basis of The New Government Program

Parliamentary Finance: The 2020 Budget will be Built on The Basis of The New Government Program

Member of the Parliamentary Finance Committee Haneen Al-Qaddou revealed on Tuesday that there is a trend to reformulate the 2020 budget law to be in line with the new government program, indicating that the caretaker government cannot set the economic program for a full year. Al-Kiddu said in a statement to “Information” that “passing the […]

Iraq is The Second Largest Importer of Iranian Goods

Iraq is The Second Largest Importer of Iranian Goods

The Iranian Customs Authority announced, on Tuesday, that exports of non-oil commodities were recorded at $ 27 billion in 8 months during the period of March 21 to November 22, 2019, while Iraq ranked second in the list of importers of goods. Customs data stated that the volume of exports of non-oil goods in the […]

Europe Shares Fell for a Second Day in a Row

Europe Shares Fell for a Second Day in a Row

European stocks fell for the second day in a row, Tuesday, as investors held back from making big bets in a busy week on political and economic occasions, including a deadline for customs duties that could exacerbate the trade dispute between the United States and China. And if the world’s two largest economies fail to […]

Oil Prices Drop Due to Trade War Fears

Oil Prices Drop Due to Trade War Fears

Oil prices fell, on Tuesday, for the second consecutive session, as the negative effects of the prospects of slowing global demand overshadowed the advantages of OPEC’s agreement with partner producers at the end of last week to increase crude production cuts in early 2020. Brent crude futures fell 11 cents, or 0.2 percent, to $ […]