Iraq Ministry of Transport

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Representative image of gold bars and tanker traffic in the Strait of Hormuz, illustrating why gold prices climbed to a one-month high even as the waterway was declared completely open.

What gold’s latest rally says about geopolitical hedging after the Strait of Hormuz reopening

A representative image of Baghdad International Airport at sunset, symbolizing Iraq’s $600 million PPP-led modernization as global consortia from Riyadh, Dublin, and Luxembourg vie to transform the country’s aviation hub.

IFC-backed Baghdad Airport PPP attracts bids from Saudi, Turkish, and European consortia

Iraq’s Ministry of Transport has received three global bids for the $400–600 million Baghdad Airport PPP, a 25-year concession backed by IFC to modernize aviation capacity.

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October 5, 2025