IRAQI DINAR POLITICS & ECONOMY

Warning of “Canadian imports”: Most cars arriving in Iraq are stolen

Warning of “Canadian imports”: Most cars arriving in Iraq are stolen

2025-02-21 07:38

Shafaq News/ The Canadian newspaper “Hamilton Inspector” reported on Thursday that the police uncovered a large-scale criminal scheme and arrested 8 people involved in it, which included the theft and smuggling of hundreds of luxury cars from the city of Hamilton in Ontario province, many of which are suspected to have gone to Iraq Read more…

Trump gives Baghdad a choice: Export Kurdistan’s oil or face sanctions like Iran

Trump gives Baghdad a choice: Export Kurdistan’s oil or face sanctions like Iran

2025-02-21 06:53

Shafaq News/ Reuters revealed, on Friday, details of US pressure exerted by the administration of President Donald Trump on the Iraqi government, in order to expedite the resumption of the export of oil from the Kurdistan Region via the Turkish Ceyhan pipeline, or face economic Read more…

New reform plans for the banking sector in Iraq

New reform plans for the banking sector in Iraq

2025/02/21

The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, stressed that achieving a unified vision to study the conditions of banks in Iraq requires the integration of the national banking market within a homogeneous framework aimed at enhancing the stability of the national financial system and Read more…

Iraq ranked 98th globally and 12th in the Arab world in the Soft Power Index for 2025

Iraq ranked 98th globally and 12th in the Arab world in the Soft Power Index for 2025

2025-02-21 04:31

Shafaq News/ Iraq ranked 98th in the world, and 12th in the Arab world, in the Soft Power Index for 2025.

The United States topped the index, while an Arab country was Read more…

Rafidain Bank announces the launch of an electronic system for processing customer transactions electronically

Rafidain Bank announces the launch of an electronic system for processing customer transactions electronically

2025/02/20

Rafidain Bank announced today, Thursday, the launch of a new electronic system called Q System to manage and organize customer waiting inside its branches. This system aims to reduce waiting periods and improve customer experience by arranging priorities in providing service.
The General Manager of Rafidain Bank said Read more…

Mysterious alert at the American Harir base in Erbil and sudden closure of entrances

Mysterious alert at the American Harir base in Erbil and sudden closure of entrances

2-20-2025

Information/ Erbil…
A security source revealed, on Thursday, the sudden closure of the Harir base, where US forces are deployed in Erbil, amid an unprecedented security alert.

The source told Al-Maalouma, “The American forces deployed at the Harir base near Erbil closed all the main entrances to the base suddenly and urgently at dawn Read more…

Expert warns of imminent financial crisis in Iraq

Expert warns of imminent financial crisis in Iraq

2-20-2025

Al-Maalouma / Special..
Economic expert Nabil Al-Marsoumi warned today, Thursday, of the turbulent financial situation in Iraq, indicating that the country may face a major financial crisis if global oil prices continue to decline and appropriate economic solutions Read more…

Report reveals the lie of the USAID-funded “Sesame Street Iraq” program

Report reveals the lie of the USAID-funded “Sesame Street Iraq” program

2-20-2025

Information/ Translation …
A report by the American website Snoop revealed, on Thursday, the lie of the Sesame Street Iraq program, which the United States Agency for International Development claimed to fund, as only $473,784 was paid, while the agency claimed to have spent $20 million, which suggests that it was stolen from the American Read more…

Grand Faw Port.. Advanced rates of completion of the container handling yard project

Grand Faw Port.. Advanced rates of completion of the container handling yard project

2025-02-20 02:22

Shafaq News/ The Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, announced on Thursday that advanced completion rates have been achieved in the container handling yard project, one of the five infrastructure projects in the Grand Faw Port.

Al-Fartousi told Shafak News Agency, “The completion rates of the container Read more…

Nechirvan Barzani receives a “written” thank-you letter from Trump

Nechirvan Barzani receives a “written” thank-you letter from Trump

2025-02-20 06:05

Shafaq News/ The President of the Kurdistan Region, Nechirvan Barzani, received a written message from US President Donald Trump on Thursday.

A statement by the presidency of the region, received by Shafaq News Agency, stated that Trump expressed in his message his thanks Read more…

Expert warns of consequences of oil smuggling after budget amendments implemented

Expert warns of consequences of oil smuggling after budget amendments implemented

2-19-2025

Al-Maalouma / Special..
Economic expert Mustafa Hantoush warned, on Wednesday, of the serious consequences of the continued smuggling of oil from the Kurdistan Region in light of the implementation of the new amendments to the budget law.
Hantoush said in a statement Read more…

Restructuring Iraqi banks.. A government plan to protect the financial sector

Restructuring Iraqi banks.. A government plan to protect the financial sector

2025/02/19

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, that the government and the monetary authority are working on a comprehensive reform of the national banking system, with the aim of enhancing its stability and protecting it from Read more…

Iraq hails Saudi Arabia’s hosting of US-Russia talks: important move for international peace

Iraq hails Saudi Arabia’s hosting of US-Russia talks: important move for international peace

2025-02-19

Shafaq News/ The Iraqi Ministry of Foreign Affairs expressed, on Wednesday, Baghdad’s welcome to the Kingdom of Saudi Arabia hosting the talks between the Russian Federation and the United States of America, stressing that this step represents an important move to enhance security and peace Read more…

TB Insight: US Government Drowning in Financial Corruption and Debt

TB Insight: US Government Drowning in Financial Corruption and Debt

2-18-2025

Information/ Translation..
A report by the American website, Tab Insight, confirmed on Tuesday that the US government is drowning in corruption, debts estimated at billions of dollars, and the control of the military-industrial complex, while the national security state that promotes fear has penetrated the depths of every American’s personal life, justifying Read more…

“Financial Deficit Document” Turns the Table… Will Baghdad Ask Washington for Help?

“Financial Deficit Document” Turns the Table… Will Baghdad Ask Washington for Help?

2025-02-18 02:17

Shafaq News/ A circulated document signed by the Iraqi Minister of Finance, Taif Sami, indicating the existence of a “large financial deficit” in the Iraqi state treasury, has raised questions, if true, about the possibility of Iraq requesting financial assistance from the United Nations and the United States of America, especially Read more…

Iraq is keen to complete the Grand Faw Port and complete the development path

Iraq is keen to complete the Grand Faw Port and complete the development path

2025-02-18

Prime Minister Mohammed Shia Al-Sudani stressed, today, Tuesday, Iraq’s keenness to complete the Grand Faw Port and complete the development path, as the Prime Minister’s media office in Bia stated that “the Prime Minister received the Secretary-General of the International Maritime Organization Read more…

The Ministry of Justice publishes the laws of personal status, general amnesty, and the return of properties to their owners in the Iraqi Gazette

The Ministry of Justice publishes the laws of personal status, general amnesty, and the return of properties to their owners in the Iraqi Gazette

2025-02-18

The Ministry of Justice announced today, Tuesday, the publication of the laws of personal status, general amnesty, and the return of real estate to its owners in the Iraqi Gazette. The ministry stated in a statement that “the new issue of the Iraqi Gazette, No. (4814), was issued, which included a number of laws, Read more…

Approval of the Oil and Gas Law: A Final Solution to Stop the Smuggling of the Region’s Oil and Protect Iraq’s Wealth

Approval of the Oil and Gas Law: A Final Solution to Stop the Smuggling of the Region’s Oil and Protect Iraq’s Wealth

2-17-2025

Information/Report…
The issue of smuggling oil from the Kurdistan Region remains a subject of wide controversy within political and popular circles, as it is raised from time to time, especially when discussing the annual federal budgets.

Reports indicate that the regional government is exploiting financial revenues away from federal oversight, while smuggling operations continue despite Read more…

State Bank Launches National Bonds Worth 2 Trillion Iraqi Dinars

State Bank Launches National Bonds Worth 2 Trillion Iraqi Dinars

2025-02-17

Shafaq News/ The government-owned Rafidain Bank announced, on Monday, the launch of national bonds (first issue) in the amount of (2) trillion dinars for the period from February 10 to March 10, 2025.

He said in a statement received by Shafak News Agency that this comes in line with the directives of the Ministry of Finance and the Central Bank of Iraq.

He explained that the bonds are divided into two categories: Read more…

Date set for resuming Kurdistan crude oil exports.. Iraqi Oil Minister: Gas investment projects are ongoing

Date set for resuming Kurdistan crude oil exports.. Iraqi Oil Minister: Gas investment projects are ongoing

2025-02-17 05:27

Shafaq News/ The Iraqi Minister of Oil, Hayan Abdul-Ghani, announced on Monday the implementation of several gas investment projects, and while calling on international companies to submit their offers to compete in the upcoming licensing rounds, he revealed that the resumption of the export of Kurdistan Region’s oil via the Turkish Ceyhan pipeline will be “within a week.”

Abdul Ghani said, during the opening of the Iraqi-British Businessmen Forum Read more…