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Sunday, June 11, 2023

Iraq to pay $2.76 Billion Debt to Iran for Gas and Electricity

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Iraq has agreed to pay $2.76 billion in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, an Iraqi...

The iraqi Trade Bank and JP Morgan Bank Meeting in Baghdad May Provide Insight to Iraq's Plans

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As an added note to this article, we view these interactions as a sign that Iraq is headed to join the global financial platforms.  The Iraq...

Iraq Oil Revenue $7.3 Billion May 2023 The Top Five Countries Who Purchased

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China had the highest demand for Iraqi oil in May, as they purchased 37.77 million barrels of it – making up 36.21% of Iraq’s exports for th...
Friday, June 9, 2023

Iraq Preparing to Attract Christian Pilgrimage and Archaeological Tourism

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  Dhi Qar Province's grand proposal to attract Christian pilgrimage and archaeological tourism exploded onto the scene with the approval...

Africa to Get Its Own Currency

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  The African Union had made progress in its quest for a single African currency. Albert Muchanga, the Commissioner of Economic Development ...
Thursday, June 8, 2023

Zimbabwe's Currency Troubles Heightens ZIM Stock Market Trading Haulted for Thirty Minutes

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  For the second time in as many days, Wednesday witnessed a temporary break in trading on the  Zimbabwe Stock Exchange (ZSE), after stocks ...

Currency News Turkish Lira, Falling Fast After Turkey's Election, But Here's Why Turkey is So Important

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Turkish lira The Turkish lira plunged to an all-time low as President Recep Tayyip Erdoğan's new economic team initiated a rapid devalua...
Wednesday, June 7, 2023

The Global Oil Market is Controlled by Four Factors, According to Iraq's Oil Minister

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  The Ministry of Oil declared at the start of the week that four components influence the global oil market’s stability while clearing up O...

Iraq's Electrical Connection Project Fully Operational by Late 2025

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  Ahmed Al-Ibrahim, the CEO of the Gulf Interconnection Authority, announced that the electrical connection project with Iraq is planned to ...
Monday, June 5, 2023

The US, the IMF and the World Bank Have Warned Iraq Over Proposed 2023 Budget

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  Militias backed by Iran are exploiting the Iraqi government's revenue to secure their grip on power. The first draft budget of the Coo...
Thursday, June 1, 2023

Iraq's PM Meets with Siemens and General Electric Re Power Plants

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On Wednesday,  Iraqi Prime Minister Mohammed Shia Al-Sudani  convened a meeting with representatives from Siemens and General Electric (GE)....
Monday, May 29, 2023

In 1999 Turkey's President Was Put in Prison, Here's Why

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  The President of Turkey was arrested and put in prison for Inciting religious hatred.  Here's the story.  Recep Tayyip Erdoğan, hailin...
Sunday, May 28, 2023

I Asked ChatGPT When Will the IQD Increase in Value Aginst the USD Here'What ChatGPT Said:

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  As of May 22, 2023, 1 Iraqi Dinar (IQD) is equal to 0.000765771 US Dollar (USD)  1 . The current exchange rate between the two currencies ...

This is What Happens the Morning the IQD Increases in Value Against the US Dollar

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  Okay, what happens when the Iraqi Dinar floats to 25 cents to one IQD.  It is not unreasonable to think that you could wake up one morning...

Iraq and Saudi Becoming Best Friends Trade Up To $1.5 Billion

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  Saudi Trade Minister Majid Al-Qasabi proclaimed that trade exchange with Iraq had risen to $1.5 billion, also stating that Saudi Arabia i...
Saturday, May 27, 2023

Iraq Private Banks Want to Expand Financial Relations Both Regional and International

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  Wadih Al-Handal, President of the Association of Iraqi Private Banks, expressed the need to increase banking and financial relations betwe...
Friday, May 26, 2023

KRG Opposes Changes in Iraq Federal Budget

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On Friday,  May 26, 2023, Iraq's Kurdistan Regional Government announced its opposition to the Iraqi federal budget draft changes  that ...
Thursday, May 25, 2023

Iraq's KRG Looses Over $1.5 Billion USD Over OIL Conflict with Turkey May 2023

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SUMMARY The KRG has lost over $1.5 billion in revenue due to the stoppage of oil flow through the Turkish pipeline at the Ceyhan  Port.  The...
Wednesday, May 24, 2023

Tax Avoidance: This is Why You Need the Channel's $2.99 a Month Membership

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  Tax Avoidance is LEGAL.   Tax avoidance is simply tax planning BEFORE you experience the additional income or profits.  You understand yo...

Iraq Do Not Travel Alerts from UK and US are Circumvented for Royals and US Officials

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The Duchess of Edinburgh made history made history as the first UK royal to ever visit Baghdad. Buckingham Palace released a statement that ...
Tuesday, May 23, 2023

Iraq Oil Minister Seeking Investors in Iraqi Energy Sector

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Minister of Oil Hayyan Abdul Ghani on Tuesday asked international companies that specialized in oil, energy and infrastructure development ...

Summary of Iraq Ministry of Council Meeting 5/23/23

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Iraq. Ministers of Council Meeting  Summary Iraq:  The Council of Ministers has decided to grant a 50% increase in salary for workers at she...
Sunday, May 21, 2023

Investing in the Iraqi Dinar How? and Why?

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To "invest" in Iraqi dinars, it's the same as investing in any other currency.  You purchase a certain amount of dinars and pa...
Monday, May 8, 2023

Sweden Gives Iraq $1.9 Million US Dollars for Stabilization Program

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  The Swedish Government has given UNDP an extra 20 million SEK (around 1.9 million US dollars) to the Funding Facility for Stabilization pr...