Iraq Financial News

Eid Milad un Nabi, also known as Eid-e-Milad, will be observed from the evening of Sunday, September 15, 2024, to the evening of Monday, September 16, 2024. This date marks the commemoration of both the birth and death anniversary of Prophet Muhammad. As the Islamic calendar follows the lunar cycle, the exact date of the observance varies each year.

Subscribe to enjoy similar stories. Whenever Mitchell Moses, 40, a one-time drill sergeant now living in Fort Knox, Ky., sees a guy shaving at Planet Fitness, he thinks: “Man, if you were a soldier you wouldn’t be taking that long." Indeed, men in the military must shave at lightning pace, sometimes twice a day. A hint of stubble is “the first thing that will get you yelled at in the morning," said Matt Semple, 27, a former Navy officer.

Ali Ghulam was the undisputed dollar king of Iraq for almost a decade. His three Baghdad banks wired tens of billions of dollars in that time outside the country, ostensibly for car parts, furniture and other imports. He was one of the biggest operators in an ad hoc banking system set up around two decades ago under the U.S.

A three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves, DawnNewsTV quoted a senior security official as saying on Friday. The geographic survey has allowed Pakistan to identify the location of the deposits, and the relevant departments have informed the government of the resources found in Pakistani waters.

Republican former Vice President Dick Cheney announced his decision to vote for Democratic presidential candidate Kamala Harris over Republican former President Donald Trump in the Nov. 5 U.S. elections. This follows a similar endorsement from his daughter, Liz Cheney, earlier this week. The announcement comes amid a closely contested race between Trump and Harris. “In our nation’s 248-year history, there has never been an individual who is a greater threat to our republic than Donald Trump,” Cheney said in a statement. “He tried to steal the last election using lies and violence to keep himself in power after the voters had rejected him. He can never be trusted with power again.” “As citizens, we each have a duty to put country above partisanship to defend our Constitution. That is why I will be casting my vote for Vice President Kamala Harris,” he concluded.

India has recorded trade surplus with as many as 151 countries such as the US and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. The Global Trade Research Initiative (GTRI) said that India does not need to worry about the trade deficit from importing crude oil and coal, however, it must focus on reducing the industrial goods imports, especially from countries like China, as these threaten India's economic sovereignty. «Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent of its exports and 16.5 per cent of its imports, totalling USD 72.1 billion,» GTRI said in a report. The biggest surpluses were with the USA (USD 21 billion) and the Netherlands (USD 11.6 billion) during January-June this year.

Iran president says investment needed to achieve 8% annual economic growth.

Oil prices were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of weakened demand. Brent crude futures for October delivery expire on Friday and were unchanged at 0033 GMT. The more actively traded contract for November fell 7 cents or 0.09% to $78.75. U.S. West Texas Intermediate crude futures were down 11 cents, or 0.14%, to $75.80.

Donald Trump’s campaign was warned about not taking photographs before an altercation at Arlington National Cemetery during a wreath-laying ceremony earlier this week to honour service members killed in the Afghanistan War withdrawal, a defense official told The Associated Press on Wednesday.

Transport ministers from Turkey, Iraq, Qatar and the United Arab Emirates are meeting in Istanbul to discuss a multibillion-dollar regional transportation project designed to ease the movement of goods from Asia to Europe through Iraq

Islamic State has described the 26-year-old Syrian man taken into custody after a stabbing rampage in the western German city of Solingen as a «soldier» of the group. Though largely crushed by a U.S.-led coalition several years ago, IS has managed some major attacks while seeking to rebuild. They include an assault on a Russian concert hall in March that killed at least 143 people and two explosions in the Iranian city of Kerman in January that killed nearly 100 people.

Israel launched a series of airstrikes across southern Lebanon in the early hours of August 25, targeting Hezbollah in what it described as a pre-emptive strike. In response, militant group Hezbollah claimed to have launched hundreds of rockets and drones to avenge the killing of one of its top commanders the previous month. This heavy exchange of fire deepened tension that a big conflict could soon begin that could involve the US, Iran and a number of militant groups in the region. By mid-morning, the exchange of attacks appeared to have ended, with both sides stating that they had focused their strikes on military targets. However, the situation remained tense, and the full extent of the casualties and damage was not immediately known. At least three people were reported killed in the strikes on Lebanon.

A Greek-flagged tanker repeatedly attacked by Yemen’s Houthi rebels in the Red Sea remains ablaze but hasn’t sprung a major oil leak in the waterway

hummus in Grand Cheese Bazaar, the pioneering food shop started by Karen Anand in Mumbai in 1990. The cheese was nice, but what was great was this creamy, tangy, deeply tasty mash of chickpeas, garlic, olive oil and thick tahina sesame paste. It worked like a sauce, but was substantial like a spread and less rich-tasting than cheese or paté, so you could eat more. With some good bread or rotis, it made for a full meal. All I knew was that it was Middle Eastern, so when I went to spend a few weeks in Egypt, I looked forward to eating a lot more of it. But for Egyptians, the pulses that mattered most was ful, slow-cooked fava beans. Chickpeas (which is literally what hummus means) weren’t as popular, either whole or mashed. I searched in supermarkets, but found only some sad tasting, canned hummus. I was told that most people made it at home, or ordered it in restaurants as part of the starters called mezze.

accidents in Pakistan, Al Jazeera reported, citing local authorities. 12 people were killed on the Makran Coastal Highway in the southwest province of Balochistan, Pakistan's Interior Ministry said on Sunday, while a rescue official said 24 people were killed when a bus plunged into a deep ravine near Pakistan-occupied Jammu and Kashmir (PoJK). The first accident occurred overnight, when a bus carrying Shia pilgrims returning from Iran for religious commemoration veered off the road.

A Greek-flagged oil tanker traveling through the Red Sea has come under repeated attack, leaving the vessel “not under command” and drifting ablaze in an assault suspected to have been carried out by Yemen’s Houthi rebels

The investigation that resulted in the arrests of two Toronto men accused of plotting an attack for ISIS began with a tip from France, sources have told Global News.

TOKYO—Eight decades ago, when Japan’s kamikaze pilots were crashing their planes into American ships and its soldiers were dying from the Aleutian Islands to Guadalcanal, all were given the same promise: Upon death, their souls would be enshrined at Tokyo’s Yasukuni Shrine. The shrine was the symbol of the religious-military state that sought to mobilize the population to fight in the name of a divine emperor.

The drills, which started on Friday, are ongoing in the western province of Kermanshah close to the border with Iraq to «enhance combat readiness and vigilance,» an armed forces official told IRNA. The drills are taking place as Iran has vowed to retaliate against Israel after the killing of Hamas chief Ismail Haniyeh's on July 31 in Tehran.

K Natwar Singh wore many hats as he straddled the worlds of diplomacy, politics and writing but what remained consistent across decades was his sharp-wit and plainspeaking. The former Congress leader had a love-hate relationship with the party as while he had a great equation with the likes of former prime ministers Indira Gandhi and Rajiv Gandhi, he had a fallout with Sonia Gandhi after allegations were levelled against him when he was part of the UPA-I Cabinet. Singh passed away on Saturday night after a prolonged illness, family sources said. He was 93. He breathed his last at Medanta Hospital in Gurugram near Delhi, where he had been admitted for the past couple of weeks, they said.

August one of the most dangerous months in the financial calendar of any economy? This question popped up after a meltdown in the US market triggered worldwide mayhem last week. Though the US Federal Reserve's Chairman Jeremy Powell rushed to indicate a cut in the interest rates in September, he could not prevent the Japanese stock markets from crashing. People also recalled the crash of the US market after the Iraqi forces under Saddam Hussein crossed the border on August 2, 1990, and invaded Qatar. Fears of the crude oil prices skyrocketing and destabilizing the oil market dynamics hit the capital market hard and it collapsed.