Iraq risking stark economic losses amid budget delay: PM advisor

Iraqi officials and lawmakers warned that continued delays in approving the 2026 federal budget could deepen economic losses, stall investment projects, and increase uncertainty in the market.

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Iraq to require loans to pay salaries if Strait of Hormuz remains closed: PM advisor

"The government has no solution other than resorting to borrowing to provide salaries and pay external obligations," said Mazhar Mohammed Salih.

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Iraq’s public sector salaries at risk amid falling oil prices

An Iraqi economist warned that public sector salaries could face serious risk if oil prices continue to fall, as Iraq remains heavily dependent on oil revenues.

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More than 7,000 companies registered in Kurdistan Region in two years: Official 

Nearly 40,000 companies are registered and active in the Kurdistan Region, including over 3,500 foreign companies.

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Iran’s rial loses three times its value since Trump took office

Over the past decade, Iran’s currency has sharply depreciated, with the rial falling from about 3,000 tomans per US dollar in October 2015 to 118,000 tomans per dollar in December 2025, a decline of nearly 3,833 percent.

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PM Barzani highlights significance of American investment in Kurdistan Region

More than 3,500 foreign companies are operating in the Kurdistan Region.

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Iraqi MP warns next government will inherit heavy debts

Iraqi lawmaker Yasser al-Husseini warned that the next government will face serious financial challenges due to rising internal and external debts left by the current administration. He told The New Region that Iraq’s debt has reached dangerous levels, limiting the government’s ability to reform the economy.

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Iranian government reverses decision to increase insurance, fuel prices after strikes

According to the decision, drivers’ insurance would be increased from 2.35 million Iranian tomans ($29) to 3.35 million Iranian tomans ($40). Gasoline, which used to be at 300 Iranian tomans per liter, was also increased, and transportation fares, lowered.

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Kurdistan Region records 1.6 percent annual inflation

The Region's low inflation rates mark a stark contrast with neighboring countries.

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