The 2020 Budget

Parliamentary Finance: The 2020 Budget Will be Temporary and Appointments are Ink on Paper

{Baghdad: Al Furat News} The Finance Committee approved in the House of Representatives that Iraq will enter in 2020 with a “temporary budget”, due to the delay in its transmission by the current caretaker government because of a legal procedural problem “stating that” this case is similar to what happened in the past year before […]

Deliver 250 Thousand Barrels Per Day to Baghdad

Al-Ghadban: The Region will Deliver 250 Thousand Barrels Per Day to Baghdad Starting Next Year

Today, Thursday, Oil Minister Thamer Al-Ghadban announced that the Kurdistan region will deliver 250,000 barrels per day to the federal government starting next year, while stressing Iraq’s commitment to what is being reached in OPEC + from a reduction in exports to ensure the stability of global oil prices. The official Al-Sabah newspaper, quoting Al-Ghadban, […]

Iraqi Dinar to US Dollar Exchange Rates

Iraqi Dinar to US Dollar Exchange Rates 12 December 2019

Iraqi Dinar, US Dollar, Exchange Rates, December, Kifah Stock Exchange, Local Markets Dollar Exchange Rates on The Kifah Stock Exchange and Local Markets The exchange rates of the dollar stabilized on the Kifah Stock Exchange and local markets, today, Thursday (12 December 2019). The prices of the Kifah Stock Exchange – Baghdad recorded 120.750 dinars […]

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 […]