IRAQI DINAR POLITICS & ECONOMY

The Iraqi presidencies meet and issue three decisions, one of which concerns the Khor Abdullah agreement with Kuwait.

The Iraqi presidencies meet and issue three decisions, one of which concerns the Khor Abdullah agreement with Kuwait.

2025-07-08 02:49

Shafaq News – Baghdad
The three presidencies held a meeting today, Tuesday, at the Baghdad Palace, attended by Prime Minister Mohammed Shia al-Sudani, President Abdul Latif Jamal Rashid, and Parliament Speaker Mahmoud al-Mashhadani.

A statement issued by Al-Sudani’s office stated that the meeting discussed Read more…

With the TIR system, Iraq is a “highway” from Türkiye to the Gulf.

With the TIR system, Iraq is a “highway” from Türkiye to the Gulf.

2025-07-08 04:44

Shafaq News – Special Translation
Iraq, along with Turkey and Kuwait, has inaugurated a new land route between them. The Geneva-based International Road Transport Union (IRU) declared this a “major achievement” that will significantly reduce transit times, enhance trade efficiency and flexibility, and open up major Gulf markets to Turkey via Iraq.

The International Transport Union (ITU) stated Read more…

Basra: A giant yard for receiving containers from the Gulf

Basra: A giant yard for receiving containers from the Gulf

2025-07-08 06:41

Shafaq News – Basra
The General Company for Iraqi Ports announced on Tuesday that it is close to completing the largest container handling yard within the Grand Faw Port project, overlooking the Arabian Gulf, confirming that the completion rate has reached 94%.

Director General of Iraqi Ports, Read more…

US Embassy in Baghdad: We continue to operate, and the staff’s departure is temporary for security reasons.

US Embassy in Baghdad: We continue to operate, and the staff’s departure is temporary for security reasons.

2025-07-08 06:27

Shafaq News – Baghdad
The US Embassy in Baghdad confirmed on Tuesday that its mission in the Iraqi capital and the Consulate General in Erbil remain open and operating as usual, stressing its commitment to advancing US policy priorities in Iraq, supporting its sovereignty, and engaging with Iraqi leaders Read more…

Customs announces the implementation of an electronic lock system at Umm Qasr Port.

Customs announces the implementation of an electronic lock system at Umm Qasr Port.

2025-07-08

The General Authority of Customs announced, on Tuesday, the implementation of an electronic lock system to track shipments from Umm Qasr Central. The authority stated in a statement, “In implementation of the directives of Prime Minister Eng. Mohammed Shia Al-Sudani, to implement the electronic lock system to track Read more…

Budget tables: a legislative priority before the end of the session

Budget tables: a legislative priority before the end of the session

07/07/2025

As the legislative recess approaches its end, parliamentary demands are mounting for the approval of the general budget schedules before the conclusion of the current parliamentary session. This demand is a pivotal tool for ensuring the provision of services and the implementation of government programs, given the economic Read more…

Government decision to reduce the amount of issuing electronic payment cards by 50%

Government decision to reduce the amount of issuing electronic payment cards by 50%

2025-07-07 | 10:01

Issued Ministerial Council for the Economy Today, Monday, a decision was issued to reduce the amount of electronic payment card issuance by 50% and to reduce the amount of electronic payment commissions deducted by 5 per thousand.

A statement issued by the Council, Read more…

Al-Harki: Resolving the disputes between Baghdad and Erbil paves the way for the enactment of an oil and gas law.

Al-Harki: Resolving the disputes between Baghdad and Erbil paves the way for the enactment of an oil and gas law.

7-7-2025

Al-Maalouma/Baghdad..
A leader in the Patriotic Union of Kurdistan, Ahmed Al-Harki, confirmed on Monday that reaching solutions to the outstanding differences between the federal government and the Kurdistan Regional Government is in the interest of both parties, stressing that this could rebuild trust and pave the way for the legislation of an oil and gas law on a transparent Read more…

After two decades of legislation, Iraq is without strategic laws, and Parliament is once again delaying them.

After two decades of legislation, Iraq is without strategic laws, and Parliament is once again delaying them.

7-7-2025

Information/Report..
More than two decades after the establishment of the parliamentary system in Iraq, many fundamental laws that constitute the foundations of building a modern state remain pending, plagued by political disputes or suspended for reasons related to factional interests.

Prominent among these stalled laws are the Federal Court Bill, the Oil and Gas Law, Read more…

A Kurdish delegation is back in Baghdad to discuss the terms of the agreement with the Sudanese government.

A Kurdish delegation is back in Baghdad to discuss the terms of the agreement with the Sudanese government.

2025-07-07 00:23

Shafaq News – Baghdad/Erbil
A Kurdistan Regional Government delegation arrived in Baghdad on Monday for the second time in two weeks to discuss the latest efforts to reach an agreement with Prime Minister Mohammed Shia al-Sudani’s government.

According to a Shafaq News Agency correspondent, the delegation conveyed Read more…

Trump puts Iraq at a crossroads: join the West or face sanctions

Trump puts Iraq at a crossroads: join the West or face sanctions

2025-07-07 01:32

Shafaq News – Special Translation
A US report reveals President Donald Trump’s persistent efforts to draw Iraq toward the Western axis, stressing that the US Treasury’s recent sanctions on Iraqi oil networks involved in smuggling for Iran are likely to hinder international Read more…

Shafaq News monitors errors in Iraqi financial revenue tables.

Shafaq News monitors errors in Iraqi financial revenue tables.

2025-07-07 02:25

Shafaq News – Baghdad
The Iraqi Ministry of Finance announced on Monday that federal budget revenues from January through the end of April 2025 exceeded 28 trillion and 55 billion dinars, compared to general budget revenues through the end of March, which amounted to 27 trillion Read more…

Prime Minister: Gasoline imports will end this year and we will move to exporting petroleum products.

Prime Minister: Gasoline imports will end this year and we will move to exporting petroleum products.

2025-07-07

Prime Minister Mohammed Shia al-Sudani confirmed on Monday that gasoline imports will end this year and that Iraq will transition to exporting petroleum products. The Prime Minister’s media office stated in a statement that “the Diwaniyah refinery will process liquefied natural gas with a capacity of 180 tons Read more…

Al-Bujari: The new legislative session will witness the approval of important laws.

Al-Bujari: The new legislative session will witness the approval of important laws.

7-6-2025

Al-Maalouma / Special..
Representative Zahra Al-Bajari called on the Parliament Speaker and political forces on Sunday to move forward in activating the file of interrogating officials, especially interrogations that have met their constitutional requirements.
Al-Bajari confirmed in a statement to Al-Maalouma Agency that “the Parliament will resume its sessions in the coming few days Read more…

With over 700 aircraft passing through daily, Iraq sets a record for air traffic.

With over 700 aircraft passing through daily, Iraq sets a record for air traffic.

7-6-2025

Information/Baghdad..
The Ministry of Transport announced on Sunday that air traffic in Iraqi airspace has reached an unprecedented high, exceeding 700 flights per day, the highest rate the country has seen in years.

In a statement received by Al-Maalouma News Agency, the ministry said, “Iraq has succeeded in a short period of time in developing its air navigation infrastructure Read more…

British newspaper: Iraq has enormous energy potential, but policies have prevented its exploitation.

British newspaper: Iraq has enormous energy potential, but policies have prevented its exploitation.

7-5-2025

Decades of unrest have led to the neglect of Iraq’s vast energy potential, but renewed investment and strategic reforms could transform it into a major player in the region, according to a report published by the British newspaper Petroleum Economist on Saturday. Despite
being a founding member of OPEC, Iraq is the world’s largest untapped major hydrocarbon resource, Read more…

Expert: Iraq has lost 60% of its water levels due to Turkish dams.

Expert: Iraq has lost 60% of its water levels due to Turkish dams.

7-5-2025

Information/Baghdad..
Water policy and climate security specialist Sameh Al-Maqdadi confirmed that the Tigris and Euphrates rivers have lost approximately 60% of their water flow due to dams constructed by Turkey. He noted that Iraq currently receives approximately 500 cubic meters per second, compared to its previous share Read more…

Parliamentary Finance Committee: The government is responsible for the delay in submitting budget schedules.

Parliamentary Finance Committee: The government is responsible for the delay in submitting budget schedules.

7-5-2025

Information/Baghdad..
The Parliamentary Finance Committee on Saturday held the federal government responsible for the delay in submitting the 2025 budget schedules to Parliament, stressing the government’s lack of seriousness in completing the budget and Read more…

Al-Marsoumi: Iraq’s oil production to increase by 48,000 barrels next month.

Al-Marsoumi: Iraq’s oil production to increase by 48,000 barrels next month.

7-5-2025

Information / Baghdad..
Economist Nabil Al-Marsoumi revealed today that the OPEC+ alliance has decided to increase its oil production by 548,000 barrels per day in August, the largest increase in several months, amid efforts to Read more…

Al-Hassan from Karbala: Iraq is not a poor country and is open to foreign investment.

Al-Hassan from Karbala: Iraq is not a poor country and is open to foreign investment.

2025-07-05 03:35

Shafaq News – Karbala
The Special Representative of the Secretary-General for Iraq, Mohammed Al-Hassan, praised Iraq’s policy of disassociation from recent conflicts in the region on Saturday, stressing that the country is now open to foreign investment to improve its economic situation.

“What I witnessed in Karbala today is a vivid picture of a united Iraq, Read more…