IRAQI DINAR POLITICS & ECONOMY

Chinese companies enter the Iraqi oil market as major players decline.

Chinese companies enter the Iraqi oil market as major players decline.

2025-08-04 03:31

Shafaq News – Baghdad
A number of independent Chinese oil companies have expanded their investments in Iraq, OPEC’s second-largest producer, entering a market previously dominated by major oil companies, while some of these international firms have begun to reduce Read more…

118 ships docked at an Iraqi port, handling one million tons of goods in July.

118 ships docked at an Iraqi port, handling one million tons of goods in July.

2025-08-04 03:46

Shafaq News – Basra
The northern port of Umm Qasr in Basra Governorate witnessed significant activity during July 2025, with an increase in the number of ships and handling, reflecting the development of operational processes at Iraqi ports and growing international confidence Read more…

The Parliamentary Transportation Committee announces the completion of the final draft of the Maritime Authority Law.

The Parliamentary Transportation Committee announces the completion of the final draft of the Maritime Authority Law.

8-3-2025

Al-Maalouma/Baghdad…
The Parliamentary Transport and Communications Committee announced on Sunday the completion of the final draft of the Maritime Authority Law, stressing the importance of including it on the parliament’s agenda during the upcoming sessions, given its vital role in lifting the ban on Iraqi tankers and strengthening Read more…

OPEC: Iraq to increase oil production in September

OPEC: Iraq to increase oil production in September

8-3-2025

Information/Follow-up..
OPEC announced today, Sunday, that Iraq will increase its oil production in September to reach 4 million and 220 thousand barrels per day, excluding compensation plans.
The organization explained that this increase is part of the commitments Iraq Read more…

“Al Khor” consolidates the roots of “Desert Storm” between Iraq and Kuwait

“Al Khor” consolidates the roots of “Desert Storm” between Iraq and Kuwait

2025-08-03 02:26

Shafaq News – Baghdad
On August 2, 1990, Iraqi forces invaded Kuwait, a move that upset the balance of power in the Gulf and the region, sparking an international war known as “Desert Storm,” which ended with Iraq’s withdrawal and its transformation into a target for international Read more…

Parliamentary request to host the Minister of Finance in a public session

Parliamentary request to host the Minister of Finance in a public session

2025-08-03 02:11

Shafaq News – Baghdad
MP Haider Mohammed Al-Mutairi submitted an official request to the House of Representatives Presidency to host the Minister of Finance in a public session under the dome of Parliament to explain the reasons for the delay in submitting the 2025 budget schedules. Read more…

Iraq maintains its position among the largest Arab economies in 2025.

Iraq maintains its position among the largest Arab economies in 2025.

2025-08-03 04:42

Shafaq News – Baghdad
Data released by the International Monetary Fund (IMF) on Sunday showed that Iraq ranked fifth among the largest Arab economies in 2025 in terms of nominal gross domestic product (GDP), with a total of $259.02 billion.

According to the data, Read more…

Lawsuit filed against Al-Sudani and the Minister of Finance due to the delay in the budget schedules.

Lawsuit filed against Al-Sudani and the Minister of Finance due to the delay in the budget schedules.

2025-08-03 04:29

Shafaq News – Baghdad
MP Ahmed Majeed, representing the Ishraqat Law bloc, announced on Sunday that he had filed a lawsuit with the Supreme Judicial Council against Prime Minister Mohammed Shia al-Sudani and Finance Minister Taif Sami, over the government’s delay in submitting the general budget law schedules to Read more…

Parliamentary Economy Committee: We refuse to vote on this agreement. We proposed a package of comments before presenting it to Parliament.

Parliamentary Economy Committee: We refuse to vote on this agreement. We proposed a package of comments before presenting it to Parliament.

2025-08-03

The Parliamentary Committee on Economy, Industry and Trade announced the collection of signatures to reconsider the draft law ratifying the Afforestation and Mutual Investment Protection Agreement between the governments of the Republic of Iraq and the Kingdom of Saudi Arabia. The Parliament Presidency also requested Read more…

Between Barzani and Baghdad… Oil is escaping and the agreement is suspended

Between Barzani and Baghdad… Oil is escaping and the agreement is suspended

8-2-2025

Information / Report:
The financial and administrative agreement recently signed between the federal government and the Kurdistan Regional Government (KRG) is at risk of collapse, given the region’s continued failure to honor its commitments regarding the transfer of oil and non-oil revenues to Baghdad. Kurdish opposition political sources indicate Read more…

MP calls on the government to appeal Security Council Resolution 833 regarding Khor Abdullah.

MP calls on the government to appeal Security Council Resolution 833 regarding Khor Abdullah.

8-2-2025

Al-Maalouma/Baghdad…
MP Bassem Nughmesh called on the Iraqi government on Saturday to file an official appeal with the UN Security Council against Resolution 833, considering it an “unfair” decision issued under exceptional circumstances, depriving Iraq of its sovereign right to the maritime Read more…

Dhi Qar receives the green light to implement the air ambulance experiment for the first time in Iraq.

Dhi Qar receives the green light to implement the air ambulance experiment for the first time in Iraq.

8-2-2025

Al-Maalouma/Dhi Qar..
Dhi Qar Provincial Council revealed on Saturday that it has obtained official approval to implement the air ambulance experiment for the first time in the country within the governorate, with the aim of enhancing the speed of response and rescuing those Read more…

Al-Mandlawi orders the publication of the names of the representatives who were absent from the session and the deduction of an amount of (one million dinars) from their salaries.

Al-Mandlawi orders the publication of the names of the representatives who were absent from the session and the deduction of an amount of (one million dinars) from their salaries.

8-2-2025

Al-Maalouma/ Baghdad..
The First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, directed today, Saturday, to publish the names of the absentees and cut one million dinars from their salaries.
A statement from the Council’s media department, Read more…

Kurdish opposition leader: The Democratic Party is evading the implementation of agreements and breaking them at the first turn.

Kurdish opposition leader: The Democratic Party is evading the implementation of agreements and breaking them at the first turn.

8-2-2025

Al-Maalouma/Exclusive:
Kurdish opposition figure Ahmed Amin accused the Kurdistan Democratic Party (KDP), specifically the Barzani family, on Saturday of not being serious about adhering to the agreements reached, holding them responsible for obstructing the implementation of the latest agreement. Read more…

Al-Sudani announces full funding to improve electricity production across Iraq.

Al-Sudani announces full funding to improve electricity production across Iraq.

2025-08-02 00:05

Shafaq News – Salah al-Din
Prime Minister Mohammed Shia al-Sudani announced on Saturday that his government has allocated the necessary financial allocations to develop all sectors of electricity production, transmission, and distribution across Read more…

Iraqis do not trust banks. More than 90% of the money supply is outside the banking system.

Iraqis do not trust banks. More than 90% of the money supply is outside the banking system.

2025-08-02 02:58

Shafaq News – Baghdad
The relationship between Iraqi citizens and banks, both governmental and private, remains isolated or nearly severed, especially when it comes to depositing money with these banks. Citizens view these banks as deep wells that hide their money beneath the routine of lengthy Read more…

Investigation: $1.4 Trillion Up in the Air: Two Decades of Explosive Budgets in Iraq

Investigation: $1.4 Trillion Up in the Air: Two Decades of Explosive Budgets in Iraq

2025-08-02 05:05

Shafaq News- Baghdad/ Special investigation.
Since 2003, when the US invasion toppled Saddam Hussein’s regime and the so-called New Democratic System was inaugurated, Iraq has entered a completely different phase. The first Governing Council was established, followed by an elected parliament, before the process of drafting a constitution Read more…

2025 ends… Parliament calls on Sudan to prepare a 2026 budget

2025 ends… Parliament calls on Sudan to prepare a 2026 budget

2025-08-01 08:09

Shafaq News – Baghdad
The Parliamentary Finance Committee confirmed on Friday that the government’s delay in submitting the 2025 budget schedules to Parliament for approval constitutes a legal violation. While anticipating that the schedules will not be submitted soon, the committee called on the government to begin preparing Read more…

The Iraqi government denies that half of the currency supply was damaged by a “rat.”

The Iraqi government denies that half of the currency supply was damaged by a “rat.”

9-1-2025

For your information/ Baghdad..
The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed that the rumor of destroying half of the 62 trillion Iraqi dinars’ currency is illogical and baseless. He explained that the Iraqi monetary system is subject to strict procedures Read more…

After years of hiatus, the first oil export tanker docks at a side-loading site in Iraqi waters.

After years of hiatus, the first oil export tanker docks at a side-loading site in Iraqi waters.

2025-08-01 02:18

Shafaq News – Basra
The General Company for Iraqi Ports docked the first oil export tanker at a side-loading site in Iraqi territorial waters on Friday, following a prolonged hiatus of more than four years since SOMO ceased operations. This step marks the practical resumption of export operations via this vital route, “through purely national Read more…