IRAQI DINAR POLITICS & ECONOMY

Al-Sudani confirms the continuation of financial and banking reform.

Al-Sudani confirms the continuation of financial and banking reform.

2025/10/08

As part of its efforts to enhance transparency, consolidate governance, and enhance the credibility of state institutions before the international community, the government, headed by Prime Minister Mohammed Shia al-Sudani, continues to implement comprehensive reforms based on applying best financial and administrative practices, combating Read more…

Al-Kadhimi calls for deducting the Kurdistan Region’s debt from the federal budget.

Al-Kadhimi calls for deducting the Kurdistan Region’s debt from the federal budget.

10-8-2025

Al-Maalouma / Baghdad..
MP Moeen Al-Kadhimi revealed on Wednesday that the Kurdistan Region has accumulated large debts during the years 2023, 2024 and 2025, indicating that the region has not handed over oil and non-oil revenues to the federal government for three years.
Al-Kadhimi said in a statement Read more…

Delay in submitting 2025 budget tables: Government accused of procrastination and fears of electoral manipulation

Delay in submitting 2025 budget tables: Government accused of procrastination and fears of electoral manipulation

10-8-2025

Information / Report:
Despite the approaching end of the fiscal year, the government is still delaying sending the detailed tables of the 2025 budget to Parliament, amid unconvincing justifications, according to the Parliamentary Finance Committee, which has repeatedly demanded that the budget be expediently Read more…

World Gold: Iraq has not been updated since January

World Gold: Iraq has not been updated since January

2025-10-08 02:19

Shafaq News – Baghdad
The World Gold Council announced on Tuesday that Iraq has not updated its gold reserves data since January 2025.

In its latest statistics for October, Read more…

“Double Win”: US Forces Expected to Remain in Erbil Beyond 2026

“Double Win”: US Forces Expected to Remain in Erbil Beyond 2026

2025-10-08 04:08

Shafaq News – Special Translation
Forbes magazine highlighted the vital role played by the Kurdistan Region in the war on terror, as US forces leave the federal provinces and relocate to Erbil, a role they have played for more than a decade.

The US report, translated Read more…

Masrour Barzani announces an agreement to enact an oil and gas law.

Masrour Barzani announces an agreement to enact an oil and gas law.

2025-10-08 05:56

Shafaq News- Erbil
Kurdistan Regional Government Prime Minister Masrour Barzani announced on Wednesday an agreement with the leader of the National Wisdom Movement, Ammar al-Hakim, that the “tripartite agreement” would be the basis for enacting an oil and gas law.

Barzani’s office said in a statement Read more…

Ministry of Transport: The Supreme Committee has removed bureaucracy and administrative red tape from the development road project.

Ministry of Transport: The Supreme Committee has removed bureaucracy and administrative red tape from the development road project.

2025-10-08

Minister of Transport, Razak Muhaibis Al-Saadawi, confirmed on Wednesday that Prime Minister Mohammed Shia Al-Sudani has facilitated many of the difficulties facing the Development Road Project, while pointing out that the Higher Committee has removed the Development Road Project from bureaucracy and administrative Read more…

Al-Sudani affirms Iraq’s commitment to implementing the government’s financial and banking reform program.

Al-Sudani affirms Iraq’s commitment to implementing the government’s financial and banking reform program.

10-7-2025

Baghdad – Mail
Prime Minister Mohammed Shia al-Sudani affirmed on Tuesday that Iraq is proceeding with the implementation of the government’s financial and banking reform program.

Al-Sudani’s office said in a statement received Read more…

Tangible progress in combating money laundering

Tangible progress in combating money laundering

2025/10/07

Iraq has made tangible progress in combating money laundering and terrorist financing at both the Arab and international levels.

Hussein Al-Maqram, a representative of the Anti-Money Laundering and Terrorist Financing Office at the Central Bank of Iraq, told Al-Sabah: “This progress was represented by achieving good compliance rates in Read more…

The President of the Republic affirms the development of Iraq’s foreign relations and calls for the approval of the oil and gas law.

The President of the Republic affirms the development of Iraq’s foreign relations and calls for the approval of the oil and gas law.

2025/10/07

President Abdul Latif Rashid affirmed on Tuesday that Iraq’s foreign relations are witnessing positive developments, both with neighboring countries and the international community.
Rashid said in a press statement, “The water issue represents a sovereign and vital issue for Iraq, and it is necessary to strengthen diplomatic relations Read more…

Al-Kadhimi criticizes the government: It violated the budget law and did not send the schedules to Parliament.

Al-Kadhimi criticizes the government: It violated the budget law and did not send the schedules to Parliament.

10-7-2025

Al-Maalouma/Baghdad…
MP Moeen Al-Kadhimi criticized the federal government on Tuesday for failing to send the general budget tables to Parliament, noting that the government should have sent the tables and prepared the 2026 budget for voting and approval in Read more…

Economist: Iraq has the capacity to export petroleum products by 2026.

Economist: Iraq has the capacity to export petroleum products by 2026.

10-7-2025

Al-Maalomah/Baghdad…
Economic expert Ali Al-Furaiji confirmed on Tuesday that Iraq has the necessary capabilities to export petroleum derivatives, especially gasoline and kerosene, during the coming year, provided that self-sufficiency in these derivatives is achieved during Read more…

Kurdistan Democratic Party: We do not support the renewal of Al-Sudani’s term and have special reservations.

Kurdistan Democratic Party: We do not support the renewal of Al-Sudani’s term and have special reservations.

10-7-2025

Al-Maalouma/Baghdad..
Kurdistan Democratic Party (KDP) MP, Mahma Khalil, confirmed on Tuesday that his party does not support granting current Prime Minister Mohammed Shia al-Sudani a second term, noting that there are indications that the majority of Shiite political forces are also leaning towards nominating an alternative figure Read more…

A convoy carrying 50 American military vehicles enters Al-Assad base.

A convoy carrying 50 American military vehicles enters Al-Assad base.

10-7-2025

Al-Maalouma / Anbar..
A security source in Anbar province revealed on Tuesday that a military convoy loaded with more than 50 American Hummer vehicles entered the Ain al-Assad base coming from Baghdad.
The source told Al-Maalouma news agency, “A large American convoy loaded with military vehicles entered the Ain al-Assad base Read more…

Iraq’s water crisis is “on hold” until a new government is formed.

Iraq’s water crisis is “on hold” until a new government is formed.

2025-10-07 01:17

Shafaq News – Baghdad
The Iraqi Parliament’s Agriculture, Water and Marshlands Committee revealed on Tuesday that the “water crisis” will be postponed until after the parliamentary elections scheduled for November 11.

Committee member Thaer Makhif al-Jubouri told Shafaq News Agency, “The water crisis will continue after the parliamentary elections Read more…

In America’s absence, China seizes Iraqi oil in September

In America’s absence, China seizes Iraqi oil in September

2025-10-07 03:29

Shafaq News – Baghdad
The majority of Iraq’s seaborne crude oil exports went to Asian countries, with China, India, and South Korea accounting for the largest share in September, according to official figures.

The details of daily exports are as follows: Read more…

Iraqi elections: Al-Sudani’s balance grants him US blessing for a “second term”

Iraqi elections: Al-Sudani’s balance grants him US blessing for a “second term”

2025-10-07 03:08

Shafaq News – Translation
The upcoming Iraqi elections represent a major turning point in the country’s history, potentially reshaping the political system. There appears to be an early indication from the United States that it is prepared to engage with Mohammed Shia al-Sudani if ​​he serves a second term as prime minister, according to Read more…

Parliamentary warning on the banking reform paper: It has made Iraqi money captive to foreign banks.

Parliamentary warning on the banking reform paper: It has made Iraqi money captive to foreign banks.

2025-10-07 03:55

Shafaq News – Baghdad
MP Haitham al-Fahd, representing the al-Asas parliamentary bloc, warned on Tuesday of financial paralysis that could befall Iraq due to the banking reform paper, noting that the paper came with US controls and placed Iraqi funds Read more…

Iraq leads Arab countries in economic growth forecasts for 2026.

Iraq leads Arab countries in economic growth forecasts for 2026.

2025-10-07 04:39

Shafaq News – Baghdad
The World Bank forecast on Tuesday that the Iraqi economy will record the highest growth rate among Arab countries in 2026, at 6.7%, placing it first in the Arab world on the list of economic performance expected to grow next year.

This high growth reflects a clear improvement Read more…

Masrour Barzani announces the Kurdistan Region’s readiness to support Baghdad with electricity.

Masrour Barzani announces the Kurdistan Region’s readiness to support Baghdad with electricity.

2025-10-07 05:48

Shafaq News- Erbil
Kurdistan Regional Government Prime Minister Masrour Barzani announced on Tuesday the region’s readiness to assist the federal government in providing electricity by leveraging the successful experience of the Ronaki project, reforming the banking system, and digitizing Read more…