Iraq Economic News and Points to Ponder Late Saturday Evening 1-25-25

President Of The Republic Abdul Latif Jamal Rashid : We Cooperate With Many Countries To Invest In Iraq

Money and business  Economy News – Baghdad   The President of the Republic, Abdul Latif Jamal Rashid Al-Bast, confirmed that Iraq cooperates with a large number of countries in the region and European countries for investment, expressing his hope that President Trump will succeed in what he proposed regarding ending wars in all parts of the world.

The President of the Republic said in a press interview, followed by "Al-Eqtisad News", that "our presence at the Davos Economic Forum is to give an impression of the current situation in Iraq and the Middle East, which concerns everyone, and as you know now the situation in Syria is a new situation, and in Lebanon a government has recently been formed and we hope that they will succeed in their efforts."

The President of the Republic added: "We emphasized at the Davos Forum the good security situation in Iraq, the good relations with neighboring countries, and the focus on services provided to the Iraqi people, and at the same time improving the infrastructure, and we cooperate with a large number of countries in the region and European countries to invest in Iraq and implement service projects and necessary for the Iraqi people."

He stressed that "Iraq is an independent state, and decisions are in the hands of the Iraqi state, and our relations are good with all countries, and Iraq's decision is independent and based on our independence, and for us and for all Iraqis, government and people, the independence of Iraq is more important than anything now and in the future."

The President of the Republic expressed his hope that "President Trump will succeed in what he proposed regarding ending wars in all parts of the world, and we are very comfortable with this statement, and we hope that it will be implemented, and it will push towards political solutions."

He concluded by saying: "I am optimistic about Iraq, because we have made good political decisions, the system in Iraq is good, and we now have security stability, which is one of the most important needs, and we are continuing with the program to improve services and infrastructure and develop our relations with neighboring countries and the world."https://economy-news.net/content.php?id=52267

Dollar Prices Close High In Baghdad And Erbil At The Beginning Of The Week

Economy |  01/25/2025  Mawazine News – Baghdad  The dollar prices rose in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Saturday, with the closing of the stock exchange at the beginning of the week.

The dollar prices also rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 150.850  Iraqi dinars for every 100 dollars, while the prices were 150.700 dinars for every 100 dollars this morning. Our correspondent indicated that the selling prices in the exchange shops in the local markets in Baghdad stabilized, as the selling price reached 151.750 Iraqi dinars for every 100 dollars, while the purchase price reached 149.750 dinars for every 100 dollars.

In Erbil, the dollar also recorded a rise, as the selling price reached 150.700 dinars for every 100 dollars, and the purchase price reached 150.600 dinars for every 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=259001

Gold Prices Rise In Baghdad And Stabilize In Erbil

Saturday 25 January 2025  Economic Number of readings: 264  Baghdad / NINA / The prices of foreign and Iraqi gold rose today, Saturday, in the local markets in Baghdad, while they stabilized in Erbil.

The selling prices of Gulf, Turkish and European gold, 21 carats, in the wholesale markets on Al-Nahr Street in Baghdad, this morning, recorded 584 thousand dinars per mithqal, and the purchase price was 580 thousand dinars, while the selling price of one mithqal of 21 carat Iraqi gold was 554 thousand dinars, and the purchase price was 550 thousand dinars.

In goldsmiths' shops, the selling price of a mithqal of Gulf gold, 21 carats, ranged between 585 thousand dinars and 595 thousand dinars, while the selling price of a mithqal of Iraqi gold ranged between 555 thousand dinars and 565 thousand dinars.

In Erbil, the price of gold stabilized, as the selling price of 24 karat was recorded at 666 thousand dinars, 21 karat at 583 thousand dinars, and 18 karat at 500 thousand dinars. / https://ninanews.com/Website/News/Details?key=1181958

Basra Crude Ends Weekly Trading With Losses

Saturday 25 January 2025 13:24 | Economic Number of readings: 236  Baghdad / NINA / Basra Heavy and Medium crude prices recorded a weekly loss of $ 1.83.

According to oil market data, Basra Heavy crude closed in its last session yesterday with a slight increase of one cent to reach $ 78.43, and recorded a weekly loss of $ 1.83, equivalent to 2.33%.

Basra Medium crude closed in its last session with an increase of one cent to reach $ 81.68, and recorded a weekly loss of $ 1.83, equivalent to 2.24%. ./End1 https://ninanews.com/Website/News/Details?key=1181953

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