IRAQI DINAR POLITICS & ECONOMY

In numbers… Iraq loses more than $13 billion of its reserves in two years

In numbers… Iraq loses more than $13 billion of its reserves in two years

2025/11/09

Economic data indicated a clear decline in Iraq’s foreign reserves over three consecutive years, an indicator that deserves careful consideration.
Reserves reached $111.7 billion in 2023, then declined to Read more…

Iraq is the fifth largest Gulf trading partner after exports to it grew by about 50%

Iraq is the fifth largest Gulf trading partner after exports to it grew by about 50%

2025-11-09 03:22

Shafaq News – Baghdad
Statistics issued by the Gulf Statistics Center showed that Iraq emerged as one of the most important trading partners of the Gulf Cooperation Council countries in 2024 after the value of Gulf exports to it jumped by 47.9%.

The report, which was reviewed Read more…

Al-Saabri: The next parliament is required to legislate the oil and gas law.

Al-Saabri: The next parliament is required to legislate the oil and gas law.

11-8-2025

The Information Agency / Baghdad…
MP Hussein al-Saabri affirmed on Saturday that the upcoming parliament is required to overcome all political differences and proceed with enacting the oil and gas law, as it is one of the most prominent pieces of legislation Read more…

Al-Salami warns of constitutional violations in transferring Baghdad International Airport to the World Bank.

Al-Salami warns of constitutional violations in transferring Baghdad International Airport to the World Bank.

11-8-2025

The Information Agency / Baghdad –
MP Hadi al-Salami revealed on Saturday that the Cabinet’s decision to transfer Baghdad International Airport and the civil aviation sector to the International Finance Corporation (IFC), a member of the World Bank Group, contains serious legal and constitutional violations. He emphasized Read more…

Iraq avoids budget deficit thanks to one factor… Expert reveals the secret

Iraq avoids budget deficit thanks to one factor… Expert reveals the secret

2025/11/08

Economic expert, Salah Nouri, revealed that the Financial Management Law No. 6 of 2019 served as a safety valve that saved Iraq from entering a state of financial deficit by addressing cases of delay in approving the federal general budget law or its Read more…

Legal expert: The Iraq-Türkiye framework agreement is worthless.

Legal expert: The Iraq-Türkiye framework agreement is worthless.

11-8-2025

Information/Special…
Legal expert Dhafer al-Zarfi confirmed on Saturday that the framework agreement signed between the Iraqi government and Turkey lacks legal standing unless it is officially presented to the Council of Representatives. He stressed that any international agreement must be subject to legislative oversight before Read more…

Al-Karawi: Parliament is capable of passing the 2025 budget schedules after the elections.

Al-Karawi: Parliament is capable of passing the 2025 budget schedules after the elections.

11-8-2025

The Information Agency / Baghdad –
MP Mudhar al-Karawi confirmed on Saturday that the Iraqi Parliament can proceed with voting on the 2025 budget schedules if the government submits them after the November 11 elections.
Al-Karawi told the Information Agency, “The 2025 budget schedules can be Read more…

Oil Price: Iraq halts fuel imports

Oil Price: Iraq halts fuel imports

11-8-2025

The Iraqi Ministry of Oil, a website specializing in economic and energy affairs, revealed in a report published Saturday that Iraq has ordered a halt to imports of intermediate fuels such as gasoline, diesel, and kerosene, citing increased Read more…

Economic Observatory: Iraq extracted nearly one billion barrels of oil in 8 months

Economic Observatory: Iraq extracted nearly one billion barrels of oil in 8 months

2025-11-08 01:20

Shafaq News – Baghdad
The Eco Iraq Observatory announced on Saturday that the volume of oil production during the first eight months of this year, 2025, reached approximately one billion barrels, while oil export revenues amounted to Read more…

In eight months, Iraq’s financial revenues exceeded 82 trillion dinars.

In eight months, Iraq’s financial revenues exceeded 82 trillion dinars.

2025-11-08 01:51

Shafaq News – Baghdad
The Iraqi Ministry of Finance revealed on Saturday that the volume of revenues in the federal budget from January to August of last year 2025 exceeded 82 trillion dinars, noting that the contribution of oil to the budget amounted to Read more…

“Last-minute pressure”: Washington holds its breath ahead of Iraq elections

“Last-minute pressure”: Washington holds its breath ahead of Iraq elections

2025-11-08 04:04

Shafaq News – Washington/ Mustafa Hashim
As the November 11th election day approaches, which will determine Iraq’s fate in the coming years, Washington’s decision-making circles are looking towards Baghdad with apprehension and concern.

From the American perspective, these elections are not just a routine procedure, but Read more…

Regional Government: Kurdistan’s oil exports reached 7.5 million barrels via SOMO

Regional Government: Kurdistan’s oil exports reached 7.5 million barrels via SOMO

2025-11-08 04:15

Shafaq News – Erbil
Rebaz Hamlan, the Kurdistan Regional Government’s financial advisor, stated on Saturday that the region’s oil exports have reached more than 7.5 million barrels since they were resumed via the SOMO company through the pipeline Read more…

Ministry of Trade: Export Support Fund enhances the entry of Iraqi products into global markets

Ministry of Trade: Export Support Fund enhances the entry of Iraqi products into global markets

2025-11-07

The Ministry of Trade affirmed on Friday its commitment to activating export support tools and developing foreign trade, within the framework of the government’s vision aimed at diversifying national income sources, reducing dependence on oil revenues, and enhancing the entry of Iraqi products into global Read more…

Iraq announces a new phase of security cooperation with America

Iraq announces a new phase of security cooperation with America

2025-11-07 00:16

Shafaq News – Baghdad
The spokesman for the Commander-in-Chief of the Armed Forces, Sabah al-Nu’man, announced on Friday that Iraqi and American officials are committed to laying the foundations for a new phase of security cooperation, stressing that consultations between the two sides regarding Read more…

Parliamentary elections: Tomorrow is a day of electoral silence, and the commission is preparing for special and general voting.

Parliamentary elections: Tomorrow is a day of electoral silence, and the commission is preparing for special and general voting.

2025-11-07

The electoral process in Iraq will enter a period of electoral silence on Saturday morning, preceding the special and general voting process. The Independent High Electoral Commission confirmed its full readiness to conduct the electoral process in coordination with the relevant Read more…

Sudani: We have provided an attractive and safe environment for investment.

Sudani: We have provided an attractive and safe environment for investment.

2025/11/06

Prime Minister Mohammed Shia Al-Sudani affirmed the provision of an attractive and safe environment for investment, and that the government has made great efforts to enhance services in all areas of the capital, indicating that systematic and structural steps have been taken Read more…

MP: Iraq will become one of the most important gas exporters in the Middle East within three years

MP: Iraq will become one of the most important gas exporters in the Middle East within three years

11-6-2025

Information / Baghdad..
MP Ali Al-Lami confirmed on Thursday that Iraq will become one of the key players in the Middle East in the field of natural gas exports within the next three years.

Al-Lami told Al-Maalomah that “Iraq has a series of major gas fields that contain large reserves of natural gas, especially Read more…

First flights depart from Mosul International Airport

First flights depart from Mosul International Airport

2025-11-06 00:22

Shafaq News – Nineveh
Nineveh Governor Abdul Qadir al-Dakhil announced on Thursday the launch of the first flights from Mosul International Airport to the capital, Baghdad, in an event he described as “historic,” signaling the official start of domestic flights after years Read more…

Iraq’s gold reserves are approaching the 171-ton mark.

Iraq’s gold reserves are approaching the 171-ton mark.

2025-11-06 01:10

Shafaq News – Follow-up
The World Gold Council confirmed on Thursday that Iraq’s reserves of the yellow metal have approached the 171-ton mark, maintaining its global ranking among the countries with the largest gold reserves.

The council said in its latest statistics for November, Read more…

Iraqi elections: 7,744 candidates and 848 disqualified so far

Iraqi elections: 7,744 candidates and 848 disqualified so far

2025-11-06 00:59

Shafaq News – Baghdad
The spokeswoman for the Independent High Electoral Commission in Iraq announced on Thursday that the number of candidates excluded from the upcoming elections has reached 848.

Jumana Al-Ghalai added in a statement to Shafaq News Agency that the total number of candidates registered for the elections to date has reached 7,744 Read more…