IRAQI DINAR POLITICS & ECONOMY

The “lost” budget: Iraqis’ livelihoods become a “political tool” in the election campaign auction.

The “lost” budget: Iraqis’ livelihoods become a “political tool” in the election campaign auction.

2025-06-10 03:27

Shafaq News/ The delay in approving the 2025 federal budget in Iraq threatens financial stability, service and development projects, the disbursement of salaries and benefits, and other repercussions that directly impact the daily lives of Iraqi families, according to observers.

Observers believe the budget has become a “political tool” during election seasons, Read more…

Masrour Barzani: Kurdistan can be an investment gateway for Iraq.

Masrour Barzani: Kurdistan can be an investment gateway for Iraq.

2025-06-10 05:35

Shafaq News/ Kurdistan Regional Government Prime Minister Masrour Barzani said that the region can be an open gateway for investment to the rest of Iraq.

CNN reported in a video report, translated by Shafaq News Agency, that Erbil may not be as famous as Baghdad or historic Babylon, but it is certainly making a name for itself. It is “far removed from the country’s political turmoil” and is currently positioning itself as a “safe bet” with better investment laws Read more…

Minister of Transport: The TIR Agreement has put Iraq back on the global trade map.

Minister of Transport: The TIR Agreement has put Iraq back on the global trade map.

2025-06-10

Minister of Transport Razzaq Muhaibis Al-Saadawi stated on Tuesday that the activation of the TIR Agreement is an important message to the countries of the world, while pointing out that the activation of the agreement is a great success for the Iraqi government. Al-Saadawi told the official agency, “The reactivation of the international land transport (TIR) ​​in Iraq after a 40-year hiatus is an important Read more…

Iraq joins the international transit system, paving the way for a breakthrough on the path to development.

Iraq joins the international transit system, paving the way for a breakthrough on the path to development.

9/6/2025

Baghdad – Iraq’s accession to the International Road Transport Association (TIR) ​​and the activation of international transport operations in cooperation with the International Road Transport Union (IRU) is a strategic step to support the country’s economy and enhance its commercial standing.

The measure aims to develop trade in the Middle East by activating the development road project, which will connect southern Iraq to northern Iraq and Read more…

A proposal to dissolve the Iraqi Ministry of Electricity: Annual spending of $8 billion remains unaddressed.

A proposal to dissolve the Iraqi Ministry of Electricity: Annual spending of $8 billion remains unaddressed.

2025-06-09 00:59

Shafaq News/ Iraqi economic expert, Munar Al-Obaidi, revealed on Monday that the annual spending on the electricity sector in the country has exceeded 10 trillion dinars, in light of the absence of radical solutions to address the chronic imbalance in this issue. He proposed dissolving the Federal Ministry of Electricity and that local governments in the governorates should manage the issue by Read more…

A US report monitors Iraq’s “quiet return” to the global energy market.

A US report monitors Iraq’s “quiet return” to the global energy market.

2025-06-09 05:59

Shafaq News/ The American website International Policy Digest reported that Iraq is making a “quiet return” to the global energy scene, questioning whether it can transform oil into sustainable economic influence while still facing “institutional fragility” and ongoing political volatility.

The report, translated by Shafaq News Agency, explained that Iraq is quietly recalibrating its energy diplomacy as the global oil market enters a new phase Read more…

The Prime Minister’s advisor announces a ban on cash payments at government institutions starting next month.

The Prime Minister’s advisor announces a ban on cash payments at government institutions starting next month.

2025-06-09

Prime Minister’s advisor, Saleh Salman, announced on Monday that cash payments will be banned in government institutions starting next month, while indicating that reforms will be implemented in the private banking sector. Salman told the official agency that “the Iraqi government has appointed Ernst & Young to restructure 6-7 state-owned banks in the country, including the Industrial Bank, the Real Estate Read more…

Al-Bujari calls for an end to raising the flags of other countries on Iraqi ships.

Al-Bujari calls for an end to raising the flags of other countries on Iraqi ships.

6-8-2025

Information / Special..
MP Zahra Al-Bajjari called on Sunday for an end to the raising of other countries’ flags on Iraqi ships.

Al-Bujari told Al-Maalouma News Agency, “There is a very important law that has not yet been enacted, which is the Maritime Authority Law,” noting that “the draft law is ready for voting and ratification, but it is awaiting Read more…

Amidst the decline in oil prices, the 2025 budget requires realism, not administrative red tape.

Amidst the decline in oil prices, the 2025 budget requires realism, not administrative red tape.

6-8-2025

Information/Report..
The Iraqi government is currently preparing to complete preparations for the 2025 budget, within the framework of the three-year budget approved by the Council of Representatives in 2023.

Despite the supposed readiness of the legislative process, the country is Read more…

Iraq’s gold reserves fall in the world rankings

Iraq’s gold reserves fall in the world rankings

2025-06-08

Shafaq News/ The World Gold Council announced on Sunday that Iraq has dropped one place in the ranking of countries with the highest gold holdings in the world.

According to the latest table published by the Council in June, and reviewed by Shafaq News Agency, Iraq ranked 29th out of 100 countries listed Read more…

Prime Minister: We have moved towards sectors parallel to oil and have reached the export of 80 commodities.

Prime Minister: We have moved towards sectors parallel to oil and have reached the export of 80 commodities.

2025-06-08

Prime Minister Mohammed Shia al-Sudani affirmed, on Sunday, the government’s orientation towards the parallel economic sectors to oil, pointing out that 80 Iraqi goods have been exported abroad. A statement from the Prime Minister’s media office stated that “al-Sudani received a number of senior Read more…

After a Shafaq News investigation, Iraq moves toward its “forgotten treasure.”

After a Shafaq News investigation, Iraq moves toward its “forgotten treasure.”

2025-06-07

Shafaq News/ The Parliamentary Foreign Relations Committee called on the Iraqi Ministry of Foreign Affairs on Friday to demand that ambassadors and chargés d’affaires at embassies and consulates abroad take serious action to inventory Iraqi property and officially return it to state ownership.

$90 billion in the shadows: Iraq searches for a map of its forgotten treasure Read more…

140 trillion dinars enter the Iraqi treasury in one year, 91% of which comes from oil.

140 trillion dinars enter the Iraqi treasury in one year, 91% of which comes from oil.

2025-06-07 00:32

Shafaq News/ The Iraqi Ministry of Finance revealed on Saturday that the revenues in the 2024 federal budget exceeded 140 trillion dinars, confirming that oil contributed 91% of those revenues.

Shafaq News Agency reviewed the data and tables issued by the Ministry of Finance in May for the previous fiscal year’s accounts, which showed Read more…

Dangerous: Signs of a sudden withdrawal of US forces from Baghdad to Erbil

Dangerous: Signs of a sudden withdrawal of US forces from Baghdad to Erbil

6-6-2025

Information/Anbar..
A member of the United Anbar Alliance, Mohammed al-Dulaimi, revealed on Friday strong indications of a sudden withdrawal of US forces from Baghdad toward Erbil in the Kurdistan Region.

Al-Dulaimi said in a statement to Al-Maalouma Agency that “the US forces cancelled the lease of the emergency airstrip inside their headquarters in Baghdad Read more…

A parliamentary coalition warns of the consequences of a plane landing at Mosul airport and sends a message to Al-Sudani’s government.

A parliamentary coalition warns of the consequences of a plane landing at Mosul airport and sends a message to Al-Sudani’s government.

2025-06-06 01:46

Shafaq News/ The head of the parliamentary opposition coalition and Secretary-General of the “Faw Zakho” bloc, expert Amer Abdul-Jabbar Ismail, warned on Friday of the repercussions of landing a plane at Mosul International Airport due to the lack of a license and the danger it poses to the lives of passengers. He considered this matter to be a risk to the European Union extending its ban Read more…

With a capacity of 600 megawatts, the Turkish line enters service to boost Iraq’s electricity supply.

With a capacity of 600 megawatts, the Turkish line enters service to boost Iraq’s electricity supply.

2025-06-06 05:11

Shafaq News/ A source in the Northern Region Electricity Directorate reported on Friday that the Turkish line has officially entered service, with a capacity of 600 megawatts, aiming to support the Iraqi electricity system, especially in the northern regions.

The source told Shafaq News Agency, “The line linking Iraq and Turkey entered service after completing technical Read more…

Exclusive: US calls on Baghdad to negotiate quickly: Iraq’s independence from Iranian influence comes through Kurdistan’s gas

Exclusive: US calls on Baghdad to negotiate quickly: Iraq’s independence from Iranian influence comes through Kurdistan’s gas

2025-06-05 09:17

Shafaq News/ The US State Department considered, on Thursday, that the recent agreements concluded by the Kurdistan Regional Government with American companies to develop natural gas production constitute an important step towards addressing the chronic imbalance in the Iraqi energy sector, calling on Baghdad Read more…

Al-Badri: Al-Sudani seeks Kurdish and Sunni support to secure a second term.

Al-Badri: Al-Sudani seeks Kurdish and Sunni support to secure a second term.

6-5-2025

Al-Maalouma/Baghdad…
Political analyst Saeed Al-Badri confirmed on Thursday that Prime Minister Mohammed Shia Al-Sudani is working to secure the support of Sunni and Kurdish political parties as part of his efforts to secure a second term after the upcoming elections, noting that competition for parliamentary seats will be fierce Read more…

Al-Gharibawi: The oil and gas law has been facing political obstacles for more than 15 years.

Al-Gharibawi: The oil and gas law has been facing political obstacles for more than 15 years.

6-5-2025

Al-Maalouma/Baghdad..
Member of the Parliamentary Oil and Gas Committee, Basem Al-Gharibawi, confirmed today, Thursday, that the oil and gas law has been facing political obstacles for more than 15 years.
Al-Gharibawi said, in a statement to Al-Maalouma Agency, that “the oil and gas law has been suspended since 2007 due to deep Read more…

Economist: Expanding bank transfers contributed to the decline in the dollar’s price.

Economist: Expanding bank transfers contributed to the decline in the dollar’s price.

6-5-2025

Al-Maalouma/Baghdad..
Abdul Rahman Al-Mashhadani, an expert in economic and financial affairs, confirmed on Thursday that the recent decline in the dollar exchange rate in the Iraqi market is due to purely internal reasons, ruling out that external developments or tensions, such as the possibility of Read more…