IRAQI DINAR POLITICS & ECONOMY

Commercial property tenants in Baghdad are suffering under the “forced dollar”

Commercial property tenants in Baghdad are suffering under the “forced dollar”

2025-06-25 04:24

Shafaq News/ Ali Kazem Fawaz, 53, took one last look at his shop in the New Baghdad area, after being forced to close it following a rent increase to $4,000 a month, an amount he says he cannot afford.

In an interview with Shafaq News Agency, Ali said that he was paying 1.5 million dinars per month, which is a large sum in itself, especially when you add Read more…

Prime Minister: The private sector is a true partner in meeting the needs of the local market.

Prime Minister: The private sector is a true partner in meeting the needs of the local market.

2025-06-25

Prime Minister Mohammed Shia al-Sudani affirmed on Wednesday that the private sector is a true partner in meeting the needs of the local market and providing job opportunities for our children. He also pointed to the granting of investment licenses in the housing sector for approximately one million Read more…

Al-Sayhoud talks about the latest developments in the 2025 budget.

Al-Sayhoud talks about the latest developments in the 2025 budget.

6-24-2025

Information/Exclusive:
MP Mohammad Al-Sayhoud revealed on Tuesday that meetings are taking place between the Ministry of Finance and the Parliamentary Finance Committee regarding the 2025 budget schedules, noting that the schedules have not yet been finalized. Read more…

Al-Husseini: There will be no retreat from Iraq’s rights in Khor Abdullah, and the court faces enormous pressure.

Al-Husseini: There will be no retreat from Iraq’s rights in Khor Abdullah, and the court faces enormous pressure.

6-24-2025

Al-Maalouma / Special..
MP Yasser Al-Husseini confirmed on Tuesday that hopes are pinned on the Federal Court’s impartiality and the strength of its national stance on the Khor Abdullah issue, stressing that the decision expected in the next two days will be decisive and pivotal in preserving Iraqi sovereignty Read more…

Iraq launches the first phase of a strategic project to exploit gas and prevent its flaring.

Iraq launches the first phase of a strategic project to exploit gas and prevent its flaring.

6-24-2025

Basra Gas Company announced the launch of the first phase of a strategic project in the southern Rumaila field to exploit gas and prevent its flaring .

The Deputy Managing Director of Basra Gas Company, Marfaa Al-Asadi, Director of the Higher Production Authority, said, “This project will exploit gas from the Al-Quraynat Mishrif and Al-Shamiya Mishrif sites,” noting that “the company has Read more…

Al-Tamimi: Iraq has the option to expel US forces for violating the Strategic Framework Agreement.

Al-Tamimi: Iraq has the option to expel US forces for violating the Strategic Framework Agreement.

6-24-2025

Information/Baghdad…
Political analyst Qasim al-Tamimi believes that Iraq has the option of expelling US forces from its territory due to their violation of the Strategic Framework Agreement and their failure to protect Iraqi airspace, given that Iraq is responsible for Read more…

The Parliamentary Finance Committee calls for submitting “realistic” budget tables that take into account current circumstances.

The Parliamentary Finance Committee calls for submitting “realistic” budget tables that take into account current circumstances.

6-24-2025

Al-Maalouma / Special..
The Parliamentary Finance Committee called on the government, on Tuesday, to expedite the submission of the general budget tables, stressing the need for them to be “realistic and logical” and reflect the nature of expected revenues, in light of the current economic Read more…

Parliament sounds the alarm: A constitutional collapse is looming.

Parliament sounds the alarm: A constitutional collapse is looming.

6-24-2025

Information / Special…
Parliamentary Legal Committee member Aref al-Hamami warned on Tuesday of an escalating constitutional crisis in the country due to the repeated resignations of Federal Court members, holding influential parties responsible for obstructing the work of the legislative and judicial Read more…

Iraq welcomes the ceasefire, stressing that it is a step towards enhancing stability in the region.

Iraq welcomes the ceasefire, stressing that it is a step towards enhancing stability in the region.

2025-06-24 06:08

Shafaq News/ The Iraqi Ministry of Foreign Affairs welcomed, on Tuesday, the US initiative that led to a ceasefire agreement between Iran and Israel, stressing that it represents a positive development toward de-escalation and enhancing stability in the region.

In a statement received Read more…

The Prime Minister orders the formation of a committee to investigate the circumstances of the attack on Iraqi bases.

The Prime Minister orders the formation of a committee to investigate the circumstances of the attack on Iraqi bases.

2025-06-24

Prime Minister Mohammed Shia al-Sudani ordered, on Tuesday, the formation of a committee to investigate the circumstances of the attack on Iraqi bases. The official spokesman for the Commander-in-Chief of the Armed Forces, Sabah al-Numan, said in a statement, “In a treacherous and cowardly attack, at exactly 2:15 a.m. and until 3:45 a.m., on Tuesday, June 24, 2025, a group of small suicide drones Read more…

Civil Aviation Authority: Iraqi airspace fully reopened at all airports.

Civil Aviation Authority: Iraqi airspace fully reopened at all airports.

2025-06-24

The Iraqi Civil Aviation Authority announced on Tuesday the reopening of Iraqi airspace to air traffic, following a comprehensive assessment of the security situation and coordination with relevant national and international authorities. In a statement, the head of the Iraqi Civil Aviation Authority, Read more…

The US raises the alert level at its embassy and military bases in Iraq.

The US raises the alert level at its embassy and military bases in Iraq.

2025-06-23 09:49

Shafaq News/ A security source in Baghdad reported on Monday evening that the US embassy and military bases in Iraq have been placed on high alert due to regional escalation.

The source told Shafaq News Agency, “The state of alert has been raised Read more…

Popular movement: Proceeding with the Khor Abdullah Agreement is a squandering of maritime sovereignty.

Popular movement: Proceeding with the Khor Abdullah Agreement is a squandering of maritime sovereignty.

6-23-2025

Al-Maalouma/Baghdad…
The popular movement expressed concern on Monday about the government’s continued push to pass the Khor Abdullah agreement, describing it as “humiliating” and considering it a relinquishment of Iraqi maritime sovereignty, in light of granting Kuwait control over Iraq’s only waterway Read more…

Mounes: Most political blocs are not serious about expelling US forces.

Mounes: Most political blocs are not serious about expelling US forces.

6-23-2025

Al-Maalouma / Baghdad..
The head of the parliamentary rights bloc, Hussein Mounes, confirmed on Monday that most political blocs do not show any real seriousness in the issue of withdrawing US forces from Iraqi territory, despite the clarity Read more…

Washington monitors signs of “potential attacks” on US bases in Iraq and Syria.

Washington monitors signs of “potential attacks” on US bases in Iraq and Syria.

2025-06-23 00:03

Shafaq News/ A US official said on Monday that US military and intelligence officials have detected indications that “Iranian-backed factions” are preparing to launch potential attacks on US military bases in Iraq and possibly Syria, in retaliation Read more…

The Iraqi parliament is suing the government over delayed budget schedules.

The Iraqi parliament is suing the government over delayed budget schedules.

2025-06-23 04:20

Shafaq News/ Member of Parliament Hadi Al-Salami revealed on Monday that a lawsuit has been filed against the federal government for not submitting the 2025 budget schedules to Parliament yet.

Al-Salami said in a video clip received by Shafaq News Agency, “The Ministry of Finance has not Read more…

Advisor: Iraq’s financial situation is secure

Advisor: Iraq’s financial situation is secure

06/22/2025

The Prime Minister’s Financial Advisor, Dr. Mazhar Muhammad Salih, confirmed that Iraq’s financial situation remains within safe limits, despite the repercussions of regional tensions resulting from the Zionist aggression against Iran. He explained in an interview with “Al-Sabah” that the general budget for the years (2023-2025) was Read more…

A deputy warns: Selling Khor Abdullah to Kuwait will cost Iraq losses estimated at $1 trillion.

A deputy warns: Selling Khor Abdullah to Kuwait will cost Iraq losses estimated at $1 trillion.

6-22-2025

Al-Maalouma/Baghdad..
Member of Parliament Amer Abdul-Jabbar accused Kuwait on Sunday of exploiting the Khor Abdullah Agreement to achieve geographical ambitions within Iraqi territory, warning that this agreement could cost Iraq economic losses estimated at one trillion dollars.
Abdul-Jabbar said in a statement to Al-Maalouma Agency, “Kuwait has encroached Read more…

Construction at the US-run Ain al-Assad base has been halted abruptly.

Construction at the US-run Ain al-Assad base has been halted abruptly.

6-22-2025

Al-Maalouma/Anbar..
A security source in Anbar province revealed on Sunday that US forces have suddenly halted construction of new buildings inside the Ain al-Assad airbase in western Anbar until further notice.
The source told Al-Maalouma news agency, “US forces stationed at the Ain al-Assad airbase in the al-Baghdadi area of ​​Hit district, west of Anbar, have suddenly halted construction of new buildings inside the base and terminated the contract to supply them with construction materials Read more…

The US Embassy to Shafaq News: Baghdad has responded to requests for security support, and Washington is closely monitoring the situation in Iraq.

The US Embassy to Shafaq News: Baghdad has responded to requests for security support, and Washington is closely monitoring the situation in Iraq.

2025-06-22 03:07

Shafaq News/ The US Embassy in Iraq confirmed on Sunday that additional departures of some of its employees had been implemented as a precautionary measure against escalating regional tensions. The embassy stressed that operations at the embassy in Baghdad and the consulate general in Erbil were continuing as usual.

An embassy spokesperson told Shafaq News Agency, “The US mission in Iraq began Read more…