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Iraq Bulletin

Tag : business news

Technology

Samsung sets 2029 start for first Yongin semiconductor plant

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Samsung Electronics plans to start operations at its first chip plant in Yongin in 2029. The revised target brings the opening forward by one to two years from the earlier 2030 to 2031 schedule. The facility will anchor Samsung’s planned...
Business

ADB cuts Asia Pacific 2026 growth forecast to 4.9%

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The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands below the 5.1% estimate issued...
Business

Apple expands Broadcom chip deal in U.S. manufacturing

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Apple announced a multiyear chip agreement with Broadcom valued at more than $30 billion. The deal covers custom silicon parts and wireless connectivity technology for Apple products. Apple said the agreement will produce more than 15 billion U.S.-made chips. It...
Business

Developing Asia FDI reaches $644 billion in 2025

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Developing Asia attracted $644 billion in foreign direct investment in 2025, up from $623 billion a year earlier, United Nations Trade and Development said in its World Investment Report 2026. The gain kept the region as the largest FDI recipient...
Business

Japan’s Nikkei 225 clears 72,000 in record Tokyo rally

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Japan’s Nikkei 225 rose above 72,000 for the first time on Monday, setting a fresh record as Tokyo equities extended a sharp June rally. The benchmark share average gained 1.4 percent to 72,247.21 in morning trade. It earlier touched an...
Business

Investor interest lifts UAE real estate in global index

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The UAE has been ranked the world’s leading real estate investment destination in a new global investor survey commissioned by Arada and conducted by Penta Group, reflecting continued international demand for property exposure in the country. The UAE Property Investment...
Business

Dollar heads for weekly gain as yen nears 160 level

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The dollar headed for a weekly gain on Friday as the yen hovered near the key 160 per dollar level, keeping currency markets focused on Japan. The Japanese currency traded around 159.9 per dollar in Asian and European dealings. It...
Business

AI chip demand lifts Singapore Q1 GDP growth to 6%

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Singapore’s economy expanded 6.0% year on year in the first quarter of 2026, lifted by AI-related demand that boosted electronics manufacturing, precision engineering and semiconductor-linked trade, the Ministry of Trade and Industry said. The performance extended a 5.7% expansion in...
Business

GME posts strongest trading week in two decades

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Gulf Mercantile Exchange recorded the highest weekly trading volume in its history during the week of May 11, 2026, with more than 69,052 contracts traded, equal to about 69 million barrels of Oman crude oil, according to information released by...
Business

Dubai Green Corridor keeps cargo moving during disruptions

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Dubai Customs said its Green Corridor initiative with Oman Customs helped maintain trade flows after regional disruptions affected key sea lanes and traditional shipping routes, with customs declarations processed through the corridor rising sharply between March and April 2026. The...