Iraq News » Basra News Iraq » Basra » Economy: Idle workers, empty wharves: Hormuz blockade hits Iraq’s oil hub of Basra
In the Iraqi oil hub of Basra, maintenance contractor Fawzi spends his days cooling his heels waiting for work that seldom comes, as the Middle East war puts ...
News Iraq » Basra » Economy: Iraq’s oil hub slows to a crawl as Strait of Hormuz shutdown strangles exports
Real-time index price for Nasdaq Biotechnology Index (NBI), along with buy or sell indicators, analysis, charts, historical performance, news and more ...
News Iraq » Basra » Economy: Iraq devalues dinar to ease cash crunch, leaving traders in limbo
The government hopes a weaker dinar will help pay salaries, but traders face rising import costs and uncertainty.
News Iraq » Basra » Economy: Iraq oil exports hit war-high as Hormuz crisis drags on
Iraq just posted its strongest oil-export signal since the Iran crisis began choking the Strait of Hormuz. The Iraqi oil ministry said Friday that average daily crude exports since the start of August ...
News Iraq » Basra » Economy: Sanctions Spark Survival Exodus: Iranian Vendors Flood Basra to Escape Economic Decay
Every Friday, many Iranians wake up before sunrise to make a difficult journey. They travel from Iran to Iraq through the Chalamja border crossing. Their destination? The busy markets of Basra, a city ...
News Iraq » Basra » Economy: Iraq’s Plan To Transform Its Economy Is A Risky Bet – Analysis
In May 2023, Iraq announced the Development Road, $17 billion, 1,200-kilometer rail line and roadway from a new port at Al Faw in southern Iraq to Türkiye, linking Asia and Europe. The Road is more ...
News Iraq » Basra » Economy: Iraq's Somo confirms Basrah tankers hit, oil ports shut
Two tankers were attacked in the ship-to-ship (STS) transfer zone off Basrah, Iraq's state oil marketer Somo said on 12 March, in the latest escalation targeting energy infrastructure and maritime ...
News Iraq » Basra » Economy: How Off-Grid Solar Is Challenging Iraq’s Diesel Generator Economy
Iraq’s unreliable electricity grid has long forced communities to rely on private diesel generators during power failures. In Iraqi Kurdistan, mountainous terrain and high costs make expanding ...
News Iraq » Basra » Economy: IFC Signs $500 Million Contract With Iraq’s Basrah Gas For Associated Gas, Development Of Major Port
CAIRO, Sept 13 (Reuters) – The World Bank’s International Finance Corporation (IFC) signed a $500 million investment contract with Iraq’s Basrah Gas Co. on Saturday for associated gas and the ...