Oil prices dropped 6% on Thursday after OPEC+ accelerated its plan to increase oil output in May, compounding losses from US President Trump’s new tariffs, with Brent futures falling by $4.51 to $70.44.
In today’s OPEC+ ministers’ meeting, countries decided to raise output by 411,000 bpd in May, more than the originally planned 135,000. On Wednesday, ;
Trump unveiled a 10% minimum tariff on most goods imported to the US, the world’s largest oil consumer.
: Reuters/ file
There is a lot of expectation on all fronts with RV and the different program payments, special bonuses, private transactions... EVERYTHING!
Many people are waiting for the 🆗✅ that their money is now available to spend from their accounts.
A lot of nervousness and joy in anticipation of what is to come, which we already know is wonderful.
There is not much information because in truth what is happening is what has been happening: more people updating their data and more people receiving liquidity.
Wait for your payment confirmation to arrive, either for those who are in all those different groups or for those in T 4B with the official notification.
TNT Tony said that Iraq had nothing more to comply with and that some release news was expected after DJT's "rally" yesterday regarding Making America Rich-Wealthy Again."
As we have seen, nothing has been announced yet and we must remain attentive and patient until the time comes.
E-commerce: Platforms, E-stores, and the Iraqi Economy
E-commerce: Platforms, E-stores, and the Iraqi Economy Between Reality and Potential
E-commerce in Iraq is a modern and growing sector that is attracting increasing interest from both individuals and businesses.
Despite facing challenges due to the country's economic and political conditions, Iraq has made notable progress in this field. This growth is driven by improvements in digital infrastructure, the expanding availability of the Internet and smartphones, and a shift in consumer behavior toward online shopping.
However, e-commerce in Iraq still faces significant obstacles, including low trust in electronic payment methods, insufficient regulatory frameworks, and logistical difficulties in shipping and delivery.
Nevertheless, with government support and a rising interest in digital entrepreneurship, the sector is expected to experience sustainable growth, ultimately contributing to the national economy.
The global TIR transit system became fully operational in Iraq on April 1, 2025.
The International Road Union (IRU) said that Iraq is poised to strengthen its position as a key trade hub in the Middle East, making goods transport more efficient and secure across the country’s borders and beyond. The initiative connects southern and northern Iraq, also providing an efficient trade corridor linking Asia, the Gulf Cooperation Council (GCC) region, Türkiye and Europe.
Iraq transport minister H.E. Razzaq Muhaibes Al-Saadawi said: “The operationalisation of the TIR system in the Republic of Iraq, in which IRU played a significant role, marks a significant milestone as it places the country on the brink of a new phase of potential investments and interregional trade with our neighbours and other countries in the region.”
The TIR system is expected to leverage Iraq’s strategic location and to increase the efficiency of cross-border trade, and it is forecast to reduce transport time by 80 percent and costs by 38 percent. “For the last two years, we have been working tirelessly on upgrading the road transport infrastructure in cooperation with all relevant parties. We are therefore committed to maximising the advantages of the TIR system in Iraq to boost the transport sector and the national economy,” said Al-Saadawi.
IRU secretary general Umberto de Pretto, commenting on the launch, said: “For almost eight decades, TIR has been driving secure trade. I look forward to seeing the first TIR truck crossing the territory of Iraq.
“Trucks will seamlessly transit the country and proceed along corridors offering a high level of security, opening a new chapter for the country and its role in international trade.”
The integration of TIR’s Electronic Pre-Declaration (TIR-EPD) system with Iraq’s national URUK platform allows the submission of advance cargo information. Throughout a journey, trucks can be closely monitored using GPS tracking, while regular checkpoints ensure cargo and transport security, before it ultimately reaches its final destination safely and on time. link
: Reuters/ file
