IRAQI DINAR POLITICS & ECONOMY

Al-Sudani directs the preparation of plans to accelerate the reform process of Rafidain and Rashid banks in accordance with international standards.

Al-Sudani directs the preparation of plans to accelerate the reform process of Rafidain and Rashid banks in accordance with international standards.

2025-03-23

Prime Minister Mohammed Shia al-Sudani has directed the preparation of plans to expedite the reform process of the Rafidain and Rashid banks in accordance with international standards.

A statement from his media office said that Prime Minister Mohammed Shia al-Sudani chaired a meeting on Sunday to follow up on reform measures Read more…

Rafidain Bank launches a banking transactions monitoring system in a number of its branches.

Rafidain Bank launches a banking transactions monitoring system in a number of its branches.

2025/03/23

Rafidain Bank, in partnership with leading global and international institutions, announced the launch of the Daily Financial Transactions Monitoring (AML) system in six major branches of regulatory importance: Al Waziriyah, Al Muheet, Al Rafie, Al Dora Oil Complex, Zurbatiyah, and Safwan.

The bank said in a statement Read more…

Among them is a strategic bomber… a joint air exercise between Iraq and the United States

Among them is a strategic bomber… a joint air exercise between Iraq and the United States

03/23/2025

Iraqi Air Force aircraft conducted a joint military exercise with US Air Force aircraft.
A statement by the Security Media Cell, a copy of which was received by {Euphrates News}, stated that “to develop the capabilities of the Iraqi Air Force and to raise readiness, a joint military exercise was carried out between a formation of Iraqi F-16 Read more…

Parliamentary Services reveals fundamental changes in Iraq’s alternative energy strategy.

Parliamentary Services reveals fundamental changes in Iraq’s alternative energy strategy.

3-23-2025

Information/Baghdad..
The Parliamentary Services Committee revealed on Sunday that fundamental changes will be made to Iraq’s alternative energy strategy in April, confirming the adoption of new steps to enhance the efficiency of solar systems and reduce their prices.

Committee member MP Baqir al-Saadi told Al-Maalouma, “Iraq has adopted a nine-point strategy to advance Read more…

Al-Sudani forms a 40-member council to promote the private sector.

Al-Sudani forms a 40-member council to promote the private sector.

2025-03-23 ​​02:18

Shafaq News/ The Ministry of Planning announced on Sunday the issuance of a royal decree to form a private sector development council, headed by the Prime Minister. The council’s members will be 40.

The ministry said in a statement Read more…

Sistani’s office: Monday, March 31, is likely to be Eid al-Fitr.

Sistani’s office: Monday, March 31, is likely to be Eid al-Fitr.

2025-03-23 ​​06:07

Shafaq News/ The office of the highest religious authority, Grand Ayatollah Ali al-Sistani, announced on Sunday that Monday, March 31, is expected to be the first day of Eid al-Fitr.

The office of the Supreme Authority Read more…

Ministry of Oil: Planning to increase oil production to more than six million barrels per day by 2029

Ministry of Oil: Planning to increase oil production to more than six million barrels per day by 2029

2025-03-23

The Iraqi Ministry of Oil announced ambitious plans on Sunday to increase oil production to more than 6 million barrels per day by 2029, citing an agreement with BP to develop four oil fields in Kirkuk. Undersecretary of the Ministry of Oil, Bassem Mohammed Khudair, stated that the ministry is working to increase oil and gas Read more…

The Single Window System: An Electronic Revolution to Speed ​​Up Company Registration and Stimulate Investment in Iraq

The Single Window System: An Electronic Revolution to Speed ​​Up Company Registration and Stimulate Investment in Iraq

2025-03-23

Advisor to the Prime Minister, Mazhar Mohammed Salih, spoke on Sunday about the importance of the “single window” for company registration, noting that this unified electronic system has many exceptional advantages that contribute significantly to improving the business Read more…

The Prime Minister listens to offers to establish a new bank under the name Rafidain First.

The Prime Minister listens to offers to establish a new bank under the name Rafidain First.

2025-03-23

Prime Minister Mohammed Shia al-Sudani chaired a meeting on Sunday to follow up on reform measures at Rafidain and Rashid banks, attended by representatives from Ernst & Young. The meeting also reviewed the progress made in the government’s banking reform project to restructure and develop Read more…

Ministry of Water Resources: Equipping and installing more than 400 solar-powered well pumping kits.

Ministry of Water Resources: Equipping and installing more than 400 solar-powered well pumping kits.

2025-03-23

The Ministry of Water Resources announced on Sunday that it has equipped and installed more than 400 solar-powered well pumping stations across the country over the past few years. A statement from the ministry stated that “the General Authority for Groundwater has installed 312 solar-powered pumping stations in Read more…

Economist: Government measures are insufficient to resolve the dollar exchange rate crisis in Iraq

Economist: Government measures are insufficient to resolve the dollar exchange rate crisis in Iraq

2025/03/22

Economic expert Basem Jamil Antoine confirmed today, Saturday, that the dollar exchange rate in Iraq is witnessing significant fluctuations, especially with the approach of Eid and the increase in Read more…

Mazhar Muhammad Salih: Delaying the 2025 budget schedules will have no impact on government spending.

Mazhar Muhammad Salih: Delaying the 2025 budget schedules will have no impact on government spending.

2025/03/22

Mazhar Mohammed Saleh, the Prime Minister’s economic advisor, explained today, Saturday, the importance of the financial tables that will be sent to the House of Representatives regarding the necessary adjustments to the 2025 budget.
Saleh told Al Furat News Agency, “Despite its delay Read more…

Al-Marsoumi: Reducing oil production will reduce Iraq’s revenues by $3 billion.

Al-Marsoumi: Reducing oil production will reduce Iraq’s revenues by $3 billion.

3-22-2025

Information / Special..
Economic expert Nabil Al-Marsoumi confirmed on Saturday that Iraq’s decision to reduce its oil production by 125,000 barrels per day, as part of its commitment to the OPEC+ agreement, will lead to a decline in oil exports to approximately Read more…

Ministry of Communications: Iraq strengthens its position as a global communications corridor thanks to the Road of Civilizations project.

Ministry of Communications: Iraq strengthens its position as a global communications corridor thanks to the Road of Civilizations project.

2025-03-22

Minister of Communications, Hiyam Al-Yasiri, stated on Saturday that Iraq has succeeded in consolidating its position as a global communications corridor, attracting numerous international companies. She pointed out that the “Road of Civilizations” project has significantly contributed to increasing Read more…

Large US military convoys heading towards Al-Assad base

Large US military convoys heading towards Al-Assad base

3-21-2025

Information/Anbar..
A security source in Anbar province announced on Friday that US convoys loaded with military equipment and vehicles were moving from Baghdad and the northern provinces towards Ain al-Assad base west of Anbar, coinciding with the arrival of additional forces. Read more…

Iraq decides to voluntarily reduce its oil production by 125,000 barrels per day.

Iraq decides to voluntarily reduce its oil production by 125,000 barrels per day.

2025-03-21

Economist Nabil Al-Marsoumi announced on Friday that Iraq will voluntarily reduce its crude oil production by 125,000 barrels per day, starting from March until June 2026, due to its failure to comply with its production quota under the OPEC+ agreement. Al-Marsoumi stated that “this reduction will lead to a decline in Iraqi Read more…

Al-Maliki: The dollar’s rise confirms the government’s failure to control the exchange rate.

Al-Maliki: The dollar’s rise confirms the government’s failure to control the exchange rate.

3-20-2025

Al-Maalouma/Baghdad..
Representative Raed Al-Maliki confirmed, on Thursday, that the rise of the dollar confirms the government’s failure to control the exchange rate.
Al-Maliki said, in a statement to / Al-Maalouma / agency, that “the continued rise in the dollar exchange rate reflects the government’s failure Read more…

Violent explosions at Ain al-Asad base terrified residents.

Violent explosions at Ain al-Asad base terrified residents.

3-20-2025

Information/Anbar…
A security source in Anbar province reported on Thursday that violent explosions and rising smoke from inside the Ain al-Asad airbase in the al-Baghdadi area of ​​Hit district sparked fear and panic among residents of the western areas, who believed the base had been subjected to a missile attack.

The source told Al-Maalouma that “the explosions were Read more…

Al-Saadi: The delay in approving the budget threatens service and vital projects.

Al-Saadi: The delay in approving the budget threatens service and vital projects.

3-20-2025

Information/Special..
Services Committee member Baqir Al-Saadi confirmed on Thursday that the delay in approving the general budget will negatively impact the implementation of service projects and vital projects in several sectors.

Al-Saadi told Al-Maalouma that “the Speaker of Parliament has not fulfilled his Read more…

Iraq is about to establish a private company for the development road project.

Iraq is about to establish a private company for the development road project.

2025-03-20 05:49

Shafaq News/ The Supreme Committee for Monitoring the Implementation of the Development Road Project discussed, on Thursday, the establishment of a company specializing in this project.

This came during Prime Minister Mohammed Shia al-Sudani’s chairing of the committee’s Read more…