Iraq · Country watch
Iraq-Germany Financial Talks, Microsoft Outage
Iraq and Germany discuss financial reforms, while Microsoft outage disrupts global operations.
The picture Stable How this is judged →
Business conditions in Iraq remain stable with ongoing financial reform talks with Germany and global tech disruptions from Microsoft. Oil prices drop, impacting revenues.
In this briefing Abdul Hassan Jamal · Hassan Al-Akeeli · Ghufran Kazem · Ministry of Finance (Iraq) · Deutsche Gesellschaft für Internationale Zusammenarbeit · Microsoft · Iran · US
Regulation
Iraq and Germany discuss financial reform cooperation
Part of: Iraq engages with IMF and Germany on economic reforms →
Iraq's Ministry of Finance engaged in talks with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to expand cooperation on financial reform, according to Iraq Business News. The meeting, chaired by Deputy Minister Abdul Hassan Jamal, included Ministry Adviser Hassan Al-Akeeli and Director General of the Public Debt Department Ghufran Kazem. The discussions focused on reviewing previous cooperation and exploring new avenues for financial reform in Iraq. This initiative aims to enhance Iraq's financial infrastructure and regulatory framework.
Impact Lenders and financial institutions in Iraq may see changes in regulatory frameworks and cooperation with international partners.
Sources: Iraq Business News ↗
Disruption
Microsoft outage disrupts global services
A global outage of Microsoft services, including Outlook, Teams, and Copilot, caused significant disruptions on Friday, affecting millions of users worldwide, according to Ahewar.org. This is the second consecutive day of disruptions, impacting communication and collaboration tools essential for business operations. The outage has led to a decline in productivity for companies relying on these services.
Impact Companies in Iraq using Microsoft services face operational disruptions, affecting productivity and communication.
Sources: Ahewar.org ↗
Markets
Oil prices drop as US eases Iran blockade
Oil prices edged lower following the easing of a US blockade on Iran, which reduced fears of renewed conflict, PUKmedia Kurdish reports. The easing of tensions in the region has led to a stabilization of oil supply routes, impacting global oil prices. This development is significant for Iraq, a major oil exporter, as it influences the revenue generated from oil exports.
Impact Iraqi oil exporters may experience reduced revenue due to lower global oil prices.
Sources: PUKmedia Kurdish ↗
Nothing significant reported today in Internal tension · Safety & health · Companies · Trade · Politics.
Also today in the local press
- Eurobites: EU bigwigs descend on Dublin for AI summit — Iraqi Media Network
- Iraq to close Mandali border crossing with Iran — Iraqi News
- Turkey, Qatar sign mutual defence agreement — Iraqi News
- GTCR intervenes in bid to break deadlock on Cable One-Mega Broadband deal — Iraqi Media Network
- How Lebanon Became the Middle East’s Battleground — Lvin Press Kurdish
- Global outage hits Microsoft Outlook — Iraqi News
- Iran Says LNG Tanker Struck Naval Mine and Exploded in Strait of Hormuz — PUKmedia Kurdish
- The Buildout: Kinetic broadens fiber reach in Q3 — Iraqi Media Network
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.