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Iraq Bulletin

Tag : global economy

Business

Gold prices surge to record high near 4500 per ounce

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LONDON, December 24, 2025: Gold prices surged to an all-time high on Monday, approaching the $4,500 per ounce mark, as investors sought stability amid volatile global markets and persistent geopolitical tensions. The benchmark spot price briefly touched $4,497.80 per ounce in...
Business

Gold prices rise as risk sentiment weakens globally

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LONDON, December 19, 2025: Gold prices rose on Thursday as investors shifted toward safe-haven assets amid weaker risk sentiment following mixed U.S. labor market data, geopolitical tensions, and firm signals from the Federal Reserve that interest rates will remain restrictive until inflation is fully contained. Spot gold was...
Business

UAE strengthens position among fastest-growing economies

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ABU DHABI, December 18, 2025: The United Arab Emirates strengthened its position in 2025 as one of the world’s fastest-growing economies, driven by broad-based expansion in non-oil sectors, rising trade volumes, and sustained investment inflows. Official data and global economic assessments...
Business

OPEC+ to raise oil output by 137000 barrels per day in November

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Vienna, October 6, 2025: The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a production adjustment of 137,000 barrels per day (bpd), effective November 2025, following a virtual meeting on Sunday, October 5. The decision reflects the...
Featured News

South Korean economy sees 2 percent growth in 2024, up from 2023

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South Korea's economy expanded by 2 percent in 2024, according to preliminary data released Wednesday by the Bank of Korea (BOK). The growth rate aligns with the central bank's earlier estimate from January and marks an improvement from the 1.4...
Featured News

World Bank sees India as a key driver of global economic growth

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The World Bank has reaffirmed its confidence in India's economic potential, emphasizing that the country remains a key investment destination despite minor fluctuations in its growth trajectory. Speaking at the Advantage Assam 2.0 Business Summit, World Bank Country Director Auguste...
Featured News

Crude extends gains amid OPEC+ uncertainty and weaker U.S. dollar

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Oil prices continued their upward trend, settling above $72 per barrel amid ongoing supply uncertainty and a weak dollar, which made dollar-denominated commodities more attractive to investors. The rise marked the third consecutive session of gains as concerns over potential supply...
Business

Africa must strengthen regional trade to counter global economic shocks

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The United Nations Conference on Trade and Development (UNCTAD) has emphasized Africa’s vulnerability to global economic shocks in its Economic Development in Africa Report 2024. The report, released in Geneva, examines how past crises including the 2008 financial collapse, the...
Business

Global oil demand growth revised down by OPEC by 106,000 barrels per day

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MENA Newswire News Desk: OPEC has revised its global oil demand growth forecast for 2024, reducing the previous estimate by 106,000 barrels per day (b/d). The organization's latest report now projects a year-on-year increase of 1.9 million barrels per day (mb/d),...
News

Egypt and India’s strategic symbiosis marking a new era in diplomacy

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Egyptian President Abdel Fattah El-Sisi welcomed India's Prime Minister, Narendra Modi, in a historic meeting at the Ittihadia Palace in Egypt today. This event marked PM Modi's first state visit to Egypt, a testament to the growing bond between the two...