Prime Minister, Mohammed Shia al-Sudani stressed that there is no alternative but to have capable Iraqi banks that adopt all financial standards to participate in development and building the country.

Al-Sudani stressed, during his meeting with the h…

Oil prices rose on Thursday after a significant cut in US interest rates, while concerns about global demand remained, which limited gains.

Brent crude futures for November delivery rose 36 cents, or 0.5 %, to $74.01 a barrel. West Texas Intermediate…

The CEO of the National Iranian Gas Company, Deputy Oil Minister, Saeed Tavakoli, announced: “Iraq has paid all its debts to Tehran in the gas issue,” indicating: “Iran, Russia and Turkmenistan are holding tripartite negotiations to sign gas contracts…

The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, said the mortgage rates have been sliding down towards a record low since the start of the last year thanks to improvement of economy and low interest rates.

“Mortgage rates …

The Turkish Central Bank decided on Thursday to keep the interest rate AT 50 percent for the sixth month in a row declaring vigilance vis a vis the inflation but stoppING short of indicating whether it would ultimately stiffen the monetary policy.

T…

The Bank of England on Thursday kept interest rates steady at five percent, a month after cutting them for the first time since March 2020.

The Monetary Policy Committee (MPC) of the central bank said in a statement that eight of its nine members vo…

The engine defect in the Airbus A350 plane that led to the cancellation of dozens of Hong Kong-based Cathay Pacific Airways’ flights in early September could have escalated into “extensive damage,” public broadcaster Radio Television Hong Kong report…