Iraq Bulletin

Category : Business

Business

OECD inflation eases to 4.2% as lower energy rates take hold

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Headline inflation across OECD economies eased to 4.2% in June 2026 from 4.6% in May, ending three straight monthly increases. The measure tracks annual changes in consumer prices across the group’s member countries. Inflation declined in 20 economies, increased in...
Business

Oil prices fall as Brent and WTI reach three-week lows again

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Oil prices extended their decline on Wednesday, deepening a selloff that pushed both major benchmarks to three-week lows. Brent crude futures fell 92 cents, or 1.2%, to $78.44 a barrel by 3:30 a.m. GMT. U.S. West Texas Intermediate futures dropped...
Business

Oil prices swing after Brent tops $90 on supply strains

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Oil prices surged on July 29, pushing Brent crude above $90 a barrel as renewed Middle East fighting and tighter U.S. inventories lifted global benchmarks. Brent futures settled at $90.74, up $6.65, or 7.9%. West Texas Intermediate gained $5.20, or...
Business

UK solar capacity reaches 22.8 GW before plug-in launch

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UK solar capacity reached 22.8 gigawatts at the end of June 2026, extending a sharp rise in deployment. The Department for Energy Security and Net Zero recorded about 2.076 million installations nationwide. Developers added 27,391 systems during June, contributing 132...
Business

India commits 84084 crore rupees to offshore energy security

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The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a major national initiative on Friday to accelerate hydrocarbon discovery across Indian ocean basins. Official releases from the Press Information Bureau confirmed the approval of the ₹84,084 crore Samudra Manthan...
Business

Canadian economy grew 0.3% in May report

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Official national economic tracking data released on Friday confirms the Canadian economy grew 0.3 per cent in May, extending a broader economic recovery into a second consecutive month and surpassing earlier government forecasts. According to monthly Gross Domestic Product figures...
Business

Gold prices fall on strong dollar ahead of central bank meeting

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Precious metal values declined during Tuesday trading sessions as a stronger United States dollar increased purchasing costs for international buyers while financial institutions awaited the outcome of a critical central bank meeting. Official market reports published by Emirates News Agency...
Business

Senate crypto bill faces pushback over conflict of interest rules

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Ethics watchdogs and legal experts called on Congress on Monday to institute strict anti-corruption provisions in pending cryptocurrency legislation, warning that lawmakers must close the crypto conflict of interest loopholes or scrap the CLARITY Act entirely. In a joint statement,...
Business

Private sector wage growth hits six year low in latest UK data

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Private sector wage growth hits six year low in the United Kingdom as official earnings figures show regular pay in the private sector slowed to 2.9 percent in the three months to May 2026. Data published by the Office for...
Business

Indonesia begins building $20.9 billion Masela LNG project

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Indonesia expects the Abadi Masela LNG project to deliver about $37.8 billion in direct government revenue. Energy and Mineral Resources Minister Bahlil Lahadalia also projected $6.43 billion in indirect tax receipts. Officials released the figures after a July 16 groundbreaking...