Iraq Economic News and Points To Ponder Saturday Afternoon 11-15-25
Al-Mandalawi And Al-Fayyad Stress The Importance Of Proceeding With The Convening Of The Sixth Parliamentary Session And Forming The New Government
Saturday, November 15, 2025, | Politics Number of views: 117 Baghdad ( NINA ) – First Deputy Speaker of Parliament, Mohsen al-Mandalawi, and the head of the Popular Mobilization Forces, Faleh al-Fayyad, emphasized on Saturday the importance of proceeding with the convening of the sixth parliamentary session and the formation of the new government, which would contribute to launching the next political process.
The media office of the First Deputy Speaker of Parliament stated in a press release that al-Mandalawi met with al-Fayyad on Saturday evening as part of a series of political meetings aimed at organizing the post-election phase.
The statement added that the two sides exchanged congratulations on the success of the electoral process, stressing that the current results place a shared responsibility on national forces to move forward with convening the sixth parliamentary session and forming the new government, thus contributing to launching the next political process.
Al-Mandalawi stressed "the importance of establishing an environment of mutual understanding among political forces and adopting responsible dialogue as the basis for addressing challenges and formulating a comprehensive political vision that strengthens internal stability and supports development paths," noting that "expediting the completion of the upcoming constitutional procedures constitutes a crucial step in reassuring the public, protecting stability, and translating the will of the voters." /End https://ninanews.com/Website/News/Details?Key=1262129
An Economic Expert Told NINA: The Suspension Of Lukoil's Operations In Iraq Will Not Affect Its Oil Exports
Saturday, November 15, 2025, | Economy Number of views: 400 Baghdad ( NINA ) – Energy expert Dirgham Muhammad Ali affirmed that the Russian company Lukoil's declaration of force majeure and suspension of its operations in Iraq will not affect Iraqi oil exports.
In a statement to the Iraqi National News Agency ( NINA ), Muhammad Ali said, "National efforts are capable of managing extraction and export operations, in addition to Iraq's export flexibility from remaining fields should field operations cease, which is not currently a likely scenario."
He added, "Several alternatives will be available should Lukoil decide to withdraw from Iraq due to the US sanctions imposed on it, as major companies, including American ones, are ready to purchase Lukoil's share."
He further explained that "Iraq also possesses export flexibility from its oil fields to compensate for any production shortfall in any field due to OPEC+ restrictions that have forced Iraq to reduce its output." US sanctions had targeted the assets of major Russian companies, including Lukoil, which operates in the West Qurna 2 oil field, creating uncertainty about the company's future operations in Iraq. /End https://ninanews.com/Website/News/Details?key=1262082
The Sudanese Ambassador Discusses Strengthening Investment And Energy
Money and Business Economy News – Baghdad Prime Minister Mohammed Shia al-Sudani discussed on Saturday with the British Ambassador to Iraq, Irfan Siddiq, ways to enhance investment and energy.
A statement from the Prime Minister's office, received by "Al-Eqtisad News," stated that "Prime Minister Mohammed Shia Al-Sudani received today the British Ambassador to Iraq, Irfan Siddiq."
During the meeting, the British Ambassador conveyed "the congratulations of the Government of the United Kingdom to Iraq, government and people, on the occasion of the legislative elections that were carried out by the Iraqi government in a manner that was the subject of international praise."
According to the statement, "The meeting discussed bilateral relations and ways to strengthen and develop them in various fields, especially in the investment, energy and industry sectors, in order to contribute to achieving the common interests of the two countries." https://economy-news.net/content.php?id=62304
Basra Crude Closes With Slight Gains For The Week
Energy Economy News - Follow-up Basra Heavy and Basra Medium crude oil closed with slight gains over the week.
Basra Heavy crude oil recorded a rise of $1.06 in its last session on Friday, reaching $62.07, with weekly gains of 34 cents, or 0.55%.
Meanwhile, Basra Medium crude closed higher in its last session, rising $1.06 to reach $63.92, and recorded weekly gains of 34 cents or 0.53%.
Oil prices rose globally, supported by supply concerns following a Ukrainian attack on a Russian oil depot, which is considered one of Russia's most important energy hubs. Brent crude recorded weekly gains of about 1.19%, while US crude achieved weekly gains of about 0.57%. https://economy-news.net/content.php?id=62296
Dollar Prices Fluctuated During The Closing In Iraq
Stock Exchange The dollar's prices fell slightly in Baghdad markets, while they remained stable in Erbil on Saturday, as the stock exchange closed at the start of the week.
Dollar prices stabilized in the Al-Kifah and Al-Harithiya exchanges, recording 141,350 Iraqi dinars per 100 dollars, while this morning it recorded 141,400 dinars per 100 dollars.
As for the selling prices in the local markets of Baghdad, they have stabilized, with the selling price reaching 142,500 Iraqi dinars for 100 dollars, while the buying price reached 140,500 dinars for 100 dollars.
In Erbil, the dollar remained stable, with the selling price at 141,950 dinars per 100 dollars and the buying price at 140,850 dinars per 100 US dollars. https://economy-news.net/content.php?id=62312
Planning for Euphrates News: Creating a giant data platform will guide the development compass in Iraq
Time: 15/11/2025 16:39:49 Reading: 60 times {Local: Al-Furat News} The Ministry of Planning announced today, Saturday, that it is working on launching a huge platform to transform census data into a compass for projects and development..
Planning Ministry spokesman Abdul Zahra Al-Hindawi told Al-Furat News that: “The ministry is working on implementing the Unified Platform for Statistical Data project.”
He explained that "this project and platform will work to provide the large and enormous data provided by the general census of population and housing."
Al-Hindawi added, "This database will also contribute greatly to guiding project paths and will help in identifying development gaps and reading development indicators accurately and explicitly." LINK
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