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IRAQ FINANCIAL CRISIS
Iraq to consider all options if OPEC quota is not raised, has weighed exit, sources sayBaghdad is signaling a potential departure from OPEC if its oil production quota isn't substantially raised, a move that would further dest...- What if the Strait of Hormuz didn’t reopen?The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about...
- AIIB announces USD 10 bn fund facility to support countries hit by West Asia conflictSupplementing AIIB's regular financing instruments, the facility offers a time-bound financing envelope of up to USD 10 billion over two ye...
- Fuel price hike on the cards as India struggles to absorb soaring crude costsIndia is grappling with significant economic challenges due to elevated global fuel prices. The government has absorbed substantial daily l...
- Quote of the Day by Michael Moore: 'Capitalism means that a few people will do…'—Inspiring quotes by the American filmmaker best known for a series of controversial documentariesQuote of the Day: Filmmaker Michael Moore's powerful quote highlights how capitalism benefits a select few, leaving the rest to serve them....
- A 22-day oil clock ticks down in Iran as Strait of Hormuz blockade tightens chokeholdIran faces a critical shortage of oil storage. Unused capacity is dwindling, potentially leading to significant production cuts. A US-led b...
- IMF cuts global growth outlook for 2026, warns of potential recession if Iran war worsensThe International Monetary Fund has cut its global growth outlook, warning the economy could near recession if the Middle East conflict kee...
- Trump returns to weary and failing playbook with Hormuz blockade threatGlobal oil markets are watching US President Donald Trump's threat to blockade the Strait of Hormuz. This action follows failed talks with ...
- World Bank slashes 2026 Middle East growth forecast after energy sector turmoilThe World Bank has significantly lowered its 2026 growth projections for Middle Eastern economies. This comes as a direct result of the ong...
- Iraq is caught in the crossfire of the Iran war, with attacks by both sides on its soilIraq is caught in a regional war's crossfire, facing strikes from both Iran and the U.S. This dual threat jeopardizes the nation's economy,...
- Iraq agrees to supply Lebanon with fuel for six monthsIraq will continue supplying Lebanon with fuel for another six months, according to a statement from Iraqi Prime Minister Mohammed Shia al-...
- Oil rises as China factory activity expansion lifts demand hopesOil prices are set to cap a second straight week of gains after the largest bank failure after the 2008 financial crisis spooked traders an...
- Iraq oil exports $11.07 billion in March, highest for 50 yearsIn February, oil revenues reached an eight-year high of $8.5 billion dollars, with daily exports of 3.3 million barrels of oil.
- Aid groups: Millions in Syria, Iraq losing access to waterThe two neighbouring countries, both battered by years of conflict and mismanagement, are in need of rapid action to combat severe water sh...
- Iraq appoints third PM-designate, after second withdrawsThe upheaval prolongs a leadership vacuum at the helm of the government amid a severe economic crisis and viral pandemic. In December, care...
- Centre is making efforts to locate Punjabis in Iraq: CM Parkash Singh BadalThe Chief Minister, Parkash Singh Badal, said that he had personally taken up the issue with External Affairs Minister Sushma Swaraj.
- Iraq crisis: 39 Indians in captivity unharmed, says governmentGovt said all the Indians in captivity were "unharmed" and it was "fully engaged" and "every possible effort" was being made to ensure thei...
- Fearing loan sharks, Indian nurses stuck in Iraq don't want to get back homeA majority of the 46 Indian nurses stuck in a hospital in the strife-torn town of Tikrit in Iraq are not keen on returning, because of fina...
- Proper food management will help ease price rise: RBI governor Raghuram RajanThe Reserve Bank said it is closely watching inflation situation and hoped that proper food management will help in easing of food prices.
- Regulators agree tighter watch over big financial firmsA global regulatory body said on Wednesday it had agreed a broad plan to tighten supervision of big banks and financial firms blamed for tr...
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