Iraq Financial News

The winner of Iran’s presidential election will inherit domestic discord and an economy battered by sanctions, but also a strength: Tehran has more sway on the international stage than in decades. Iran, under Supreme Leader Ali Khamenei’s leadership, thwarted decades of U.S. pressure and emerged from years of isolation largely by aligning itself with Russia and China, giving up on integration with the West and throwing in its lot with two major powers just as they amped up confrontation with Washington.

Islamic State fighters have killed nearly 4,100 people in Syria since 2019 when the jihadists lost their last stronghold in the country, a war monitor said Saturday. IS overran large swathes of Syria and Iraq in 2014, proclaiming a so-called caliphate and launching a reign of terror in June of that year. In March 2019, the jihadist group lost its last scraps of Syrian territory in a Kurdish-led military campaign backed by a US-led coalition, but remnants continue to launch deadly attacks from desert hideouts.

US Presidential debate between the two presidential nominees, Donald Trump and Joe Biden has ended on a negative note for the Democrats. Many of the legislators and donors have called for replacing incumbent President Joe Biden on the ballot box, ahead of the presidential election in November 2024. Joe Biden appeared to have fumbled on many occasions and was found to be nervous during the debate. The Democrats will be announcing the name of their presidential nominee during the Democratic Party National Convention in August. President Joe Biden is expected to be the nominee. The party may consider other candidates after the debacle yesterday in Atlanta.

WikiLeaks founder and whistleblower Julian Assange walked free after signing a plea deal with the United States, the US State Department termed his actions for which he pleaded guilty had put the lives of people, especially Washington's allies and diplomats, at risk. US State Department Mathew Miller also pointed that Assange served as a «conduit» for Russian intelligence interfering in the US presidential elections.

Julian Assange who is the founder of the controversial Wikileaks has been set free by a US court in the Northern Mariana Islands. This has ended his long legal battle with the US. The Wikileaks founder has been accused of accessing classified information pertaining to the US and releasing them in an illegal manner. He has also been accused of recruiting individuals with access to this important information and illegally transmitting it to his servers. This information had damaged the relationship of the US with many of its partners including France, India and Japan among others.

the USS Dwight D. Eisenhower after an eight-month deployment in which the aircraft carrier led the American response to the Houthi assaults. Those attacks have reduced shipping drastically through the route crucial to Asian, Middle East and European markets in a campaign the Houthis say will continue as long as the Israel-Hamas war rages in the Gaza Strip.

An Iranian-backed umbrella group known as the Islamic Resistance in Iraq has claimed an attack targeting the southern Israeli port city of Eilat

Authorities say a suspected attack by Yemen’s Houthi rebels has targeted a ship in the Gulf of Aden

young people are reluctant to join up. And it is not just Europe that is struggling with recruitment. In and around the world’s conflict hotspots the question of how to get more people into uniform is vital.

WikiLeaks founder Julian Assange is finally a free man. He walked out on bail from a UK jail after reaching a plea deal that will have him plead guilty in a US court on a single charge of conspiring to obtain and disclose national security secrets, in lieu of relief on other counts. He won’t have to face further jail time in the US, as he has already served longer than what the punishment entails.

U.S. West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific.

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Hajj this year owing to the extreme heat conditions, the Ministry of External Affairs (MEA) said on Friday. «A large number of pilgrims visit Hajj every year. This year, 175,000 Indian pilgrims have visited Hajj so far. We have 98 Indian pilgrims who have died this year,» said MEA Spokesperson Randhir Jaiswal in a weekly briefing. In Mecca, temperatures hit 51.8 degrees Celsius (125 Fahrenheit), on Monday.

Eid-ul-Adha, a significant Islamic festival, is observed on the tenth day of Dhu-al-Hijjah, the last month of the Islamic lunar calendar. This festival, also known as the Feast of Sacrifice, is celebrated the day after the annual Hajj pilgrimage concludes. It commemorates Prophet Ibrahim's willingness to sacrifice his son, Ismail, as an act of obedience to Allah. At the moment of sacrifice, Allah replaced Ismail with a ram, symbolizing divine intervention and reward for unwavering faith.

The United States has imposed a $1.8 million fine against Middle Eastern airline Emirates for flights that passed too low over Iraq, in violation of U.S. restrictions

A flurry of recent attacks in Iraq, apparently orchestrated by supporters of Iran-backed, anti-American militias, reflect surging anger against the United States, Israel’s top ally, over the war in Gaza

OPEC+ extended its production cuts as it seeks to bolster a fragile market, but also set a date to begin bringing some oil back online later this year.

Kuwait’s ruling emir has named the small nation’s new crown prince, nearly six months after he took the throne

Himanta Biswa Sarma has said that the Congress leader Rahul Gandhi shaves or grows his beard based on his advice. Sarma, who switched to the Bharatiya Janata Party (BJP) from the Congress in 2025, also questioned the ‘red’ book that Rahul Gandhi carried during election campaigns.In an interview with News Nation channel, Biswa recalled when he commented on Rahul Gandhi's long beard, during the ‘Bharat Jodo Yatra’ in 2022 by comparing his looks with former Iraqi dictators Saddam Hussein.

India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data. The data also showed that the deficit with China, Russia, Korea, and Hong Kong increased in the last fiscal compared to 2022-23, while the trade gap with the UAE, Saudi Arabia, Russia, Indonesia, and Iraq narrowed. The trade deficit with China rose to USD 85 billion, Russia to USD 57.2 billion, Korea to USD 14.71 billion and Hong Kong to USD 12.2 billion in 2023-24 against USD 83.2 billion, USD 43 billion, USD 14.57 billion and USD 8.38 billion, respectively, in 2022-23. China has emerged as India's largest trading partner with USD 118.4 billion of two-way commerce in 2023-24, edging past the US.

India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed. Refiners in India briefly stopped importing Russian oil in tankers belonging to Sovcomflot after the company's ships, along with its 14 tankers, were designated by Washington in February as being in breach of Western sanctions. The West has imposed the sanctions against Russia since it invaded Ukraine in 2022 and has enacted price caps on oil and oil products loaded at Russian ports aimed at cutting Moscow's oil revenue that funds the war.