IRAQI DINAR POLITICS & ECONOMY

Economist: Baghdad loses one billion dinars per month due to the smuggling of regional oil.

Economist: Baghdad loses one billion dinars per month due to the smuggling of regional oil.

6-28-2025

Al-Maalouma/Baghdad…
Economic expert Rashid Al-Saadi revealed on Saturday that the weak government oversight of border crossings in the Kurdistan Region has contributed to the escalation of oil derivative smuggling to Turkey, causing Iraq huge financial losses.
Al-Saadi told Al-Maalouma Agency, “The Baghdad government has not yet taken Read more…

Washington intervenes: Unrelenting pressure on the Federal Court regarding the Khor Abdullah dispute.

Washington intervenes: Unrelenting pressure on the Federal Court regarding the Khor Abdullah dispute.

6-28-2025

Al-Maalouma/Exclusive..
Sabah Al-Akeili, a member of the Rights Movement, confirmed on Saturday that significant internal and external political pressure was behind the resignation of a number of Federal Court judges, noting that Kuwait had commissioned Washington to pressure the court to reverse its decision to cancel the Khor Abdullah Read more…

Iraq moves to sign contracts with five countries to develop its air defense system.

Iraq moves to sign contracts with five countries to develop its air defense system.

2025-06-28 03:39

Shafaq News – Baghdad
Parliamentary Security and Defense Committee member Ali al-Bandawi revealed on Saturday that Iraq is seeking to sign arms contracts with five countries to develop its air defense system.

Al-Bandawi told Shafaq News Agency, “Iraq needs an advanced air defense system to protect Iraqi airspace, skies, and territory from any foreign Read more…

To make Iraq attractive for investment and comparable to Saudi Arabia… Energy and security partnerships with the US

To make Iraq attractive for investment and comparable to Saudi Arabia… Energy and security partnerships with the US

2025-06-28 05:56

The Washington Institute linked the success of Iraq’s energy aspirations and independence to strengthening and restructuring security relations with the United States, warning that Iraq, while more stable than it has been in decades, still faces challenges, including the risk of Read more…

On July 1, government institutions will stop accepting cash payments!

On July 1, government institutions will stop accepting cash payments!

2025-06-28

All government institutions will begin suspending the receipt of cash for various transactions starting next Tuesday, July 1st. Payments will be entirely electronic, a process already being implemented in most departments. In early June, Prime Minister’s advisor, Saleh Salman, stated that “Iraq has made significant progress Read more…

Al-Hakim reveals Baghdad’s message to the Trump administration and appeals to Iraqi youth.

Al-Hakim reveals Baghdad’s message to the Trump administration and appeals to Iraqi youth.

2025-06-27 08:42

Shafaq News – Baghdad
The head of the State Forces Alliance, Ammar al-Hakim, revealed on Friday that Iraq has informed the US administration that Baghdad seeks to implement peace in the region and refuses to be a party to any war or conflict in the Middle East.

In his speech marking the first of Muharram, Al-Hakim said, “Iraq has repeatedly informed the US administration that it is a sovereign country seeking Read more…

Al-Dulaimi: Billions of dinars were stolen from the first phase of Anbar Airport, and the accused is “Al-Halbousi’s party.”

Al-Dulaimi: Billions of dinars were stolen from the first phase of Anbar Airport, and the accused is “Al-Halbousi’s party.”

6-27-2025

Information/Anbar..
Abdul Hamid al-Dulaimi, a member of the United Anbar Alliance, accused leaders of the Progress Party, led by former Parliament Speaker Mohammed al-Halbousi, on Friday of embezzling billions of dinars during the first phase of the Anbar International Airport project, which is currently Read more…

The Iraqi Dinar Paradox: Illusory Strength and Unstoppable Prices

The Iraqi Dinar Paradox: Illusory Strength and Unstoppable Prices

2025-06-27 03:44

Every time the value of the Iraqi dinar declines against the US dollar, Iraqis face a rise in the prices of goods and services. However, prices do not decrease when the opposite occurs. In other words, the value of the dinar against the dollar has been rising for some time in the parallel market, with the price of 1 US dollar often Read more…

Iraq signs $118 million contract with the United States to support F-16 aircraft.

Iraq signs $118 million contract with the United States to support F-16 aircraft.

2025-06-27

The US Department of Defense announced the signing of a contract with Victorus Systems to provide operational support for Iraq’s fleet of 34 Lockheed Martin F-16C/D Fighting Falcon multirole fighter aircraft.

The ministry said in a statement that the agreement, valued at Read more…

The Ministry of Transport clarifies the $930 million loan from the World Bank for comprehensive railway development.

The Ministry of Transport clarifies the $930 million loan from the World Bank for comprehensive railway development.

2025-06-27

The Ministry of Transport announced on Friday that it had obtained World Bank approval to finance a $930 million loan to rehabilitate the existing railway line, while pointing to a plan to connect Iraq’s railways to the ports of Faw and Umm Qasr, all the way to Turkey. The Ministry of Transport’s media director, Maitham Al-Safi, told the official agency that “the maritime railway connection plan Read more…

In preparation for imports, Iraq is discussing with an American company the construction of a floating gas storage unit.

In preparation for imports, Iraq is discussing with an American company the construction of a floating gas storage unit.

2025-06-26 08:14

The American Oil Price website revealed on Thursday that Iraq is in talks with Texas-based Excelerate Energy to establish a floating gas storage unit (FSU) to assist in the gas import process. The FSU will be located at the Khor al-Zubair port in Basra .

“Texas-based Excelerate Energy is one of the bidders in a tender to provide Read more…

The budget is approaching Parliament. A parliamentarian reveals the reason for its delay.

The budget is approaching Parliament. A parliamentarian reveals the reason for its delay.

6-26-2025

Al-Maalouma / Exclusive..
MP Firas Al-Maslamawi revealed on Thursday that the Iraqi government still has the 2025 general budget schedules, suggesting that the delay is likely due to the decline in oil prices, which has led to a large budget deficit.
Al-Maslamawi told Al-Maalouma News Agency that “the recent war between the Islamic Republic of Iran and the Zionist entity contributed to the recent Read more…

MP: Khor Abdullah is entirely Iraqi, and the 1991 agreement was imposed under international pressure.

MP: Khor Abdullah is entirely Iraqi, and the 1991 agreement was imposed under international pressure.

6-26-2025

Information/Exclusive…
MP Mohammed Al-Sayhoud affirmed on Thursday that Khor Abdullah is entirely Iraqi, emphasizing that Iraq cannot relinquish it under any circumstances.

Al-Sayhoud told Al-Maalouma News Agency that “Khawr Abdullah represents a sovereign part of Iraqi territory, and Iraq has compelling historical and legal Read more…

Iraq is about to launch two locally made rifles for marketing.

Iraq is about to launch two locally made rifles for marketing.

2025-06-26 02:23

Shafaq News – Baghdad
The Iraqi Al-Sumari Military Industries Factory intends to market two locally manufactured rifles with international specifications in the coming days.

The director of the laboratory, Ghazwane Al-Azara, said in a statement received by Shafaq News Agency that the laboratory is close to announcing the SAR-313 rifle, Read more…

Iraq announces the liquidation of one of six investment companies with Jordan.

Iraq announces the liquidation of one of six investment companies with Jordan.

2025-06-26 05:55

Shafaq News/ The Iraq Fund for External Development announced on Thursday the liquidation of one of six Iraqi investment companies with Jordan.

The fund said in a report seen by Shafaq News Agency that “Iraq has investments with Jordan in six companies,” indicating that “these investments are in dollars, Jordanian dinars, and Kuwaiti dinars.”

The report explained Read more…

A British vision: Iraq faces four scenarios amid the fragile regional calm.

A British vision: Iraq faces four scenarios amid the fragile regional calm.

2025-06-26 05:36

The British Chatham House Institute ruled out the continuation of the current “fragile calm” in the region, which is facing a “coming storm.” It also believed that Iraq faces multiple scenarios that threaten its stability and could drag it into them.

After the British report, translated by Shafaq News Agency, stated that it would be difficult for Iraq to avoid Read more…

Half a year without an actual budget… Where have the government’s plans gone?

Half a year without an actual budget… Where have the government’s plans gone?

6-25-2025

Information / Report:
Amid the financial and economic challenges facing the country, the 2025 budget file continues to stir controversy within political and parliamentary circles, amid a state of anticipation and growing public concern. Despite more than half a year having passed since the start of the fiscal year, the budget schedules Read more…

World Bank: Development Roadmap Will Significantly Increase Trade Within Iraq

World Bank: Development Roadmap Will Significantly Increase Trade Within Iraq

6-25-2025

Al-Maalomah/Baghdad..
The World Bank announced, on Wednesday, financing Iraq with $930 million in four sectors. While indicating that the development path will significantly increase trade within Iraq and at the regional level, it noted that the railway line along Read more…

Nearly $1 billion in international funding for Iraq to implement a massive transportation project.

Nearly $1 billion in international funding for Iraq to implement a massive transportation project.

2025-06-25 01:36

Shafaq News/ The World Bank announced on Wednesday that it had approved $930 million in financing to improve railway performance in Iraq, boost domestic trade, create jobs, and support economic diversification. The bank confirmed that the project will be completed in Read more…

Nuclear Regulatory Authority: No radioactive contamination recorded in Iraq after the bombing of Iranian facilities.

Nuclear Regulatory Authority: No radioactive contamination recorded in Iraq after the bombing of Iranian facilities.

2025-06-25 02:30

Shafaq News/ The National Nuclear, Radiological, Chemical and Biological Regulatory Authority reiterated on Wednesday that it had not recorded any radioactive contamination within Iraqi territory following the military strikes that targeted nuclear facilities in Iran, noting that all its teams Read more…