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Financial and banking expert, Mahmoud Dagher, confirmed that Iraq is currently going through the largest financial and economic crisis since 2003, due to the severe deficit in oil revenues that did not exceed one billion dollars this month, compared to an actual need of more than 6 billion dollars...
Prime Minister Ali Al-Zaidi confirmed that his government is heading to launch a comprehensive economic and financial reform program, based on diversifying the sources of the national economy and reducing dependence on one resource, while stressing that the next stage should be based on partnership and going beyond...
The First Deputy Speaker of the House of Representatives, Adnan Faihan, confirmed that Parliament is moving towards supporting the investment environment through legislation aimed at addressing the obstacles to the work of oil and energy companies, and simplifying procedures in a way that enhances the stability of the business environment in the country. This came during...
The Iranian Tasnim news agency reported on Monday that a giant oil tanker loaded with Iraqi crude oil had crossed the Strait of Hormuz towards Vietnam. The agency stated that the tanker crossed “the route specified by Iran in the Strait of Hormuz,” in light of recent tensions...
The Parliamentary Finance Committee suggested disbursing employees’ salaries for the month of May before Eid al-Adha, confirming the availability of financial liquidity and the absence of any problem in securing it. Member of the Finance Committee, Jamal Kujar, said that the government is able to advance the date of salary disbursement, considering...
The director of the Basra Oil Company, Bassem Abdul Karim, announced today that the strikes that targeted the company’s oil facilities had a negative impact on the progress of work and production, in light of the escalation of regional tensions. He explained that the company continues to produce about 900 thousand barrels...
The First Deputy Speaker of the House of Representatives, Adnan Faihan Al-Dulaimi, stressed that the oil and border crossings files represent two crucial axes in consolidating national sovereignty, stressing the need for them to be subject to the full supervision of the federal government in a way that ensures the protection of national wealth...
A fully loaded Kuwaiti crude oil tanker was attacked by Iran while it was docked at Dubai Port on Monday-Tuesday night. The attack led to a fire breaking out on board and its structure was severely damaged. The Kuwait News Agency reported, quoting the...