IRAQI DINAR POLITICS & ECONOMY

The first plane lands at Mosul International Airport.

The first plane lands at Mosul International Airport.

2025-06-05 00:35

Shafaq News/ Nineveh Governor Abdul Qadir al-Dakhil announced on Thursday the landing of the first experimental Iraqi Airways plane at Mosul International Airport, coming from the capital, Baghdad. This step paves the way for the airport’s official opening scheduled for Read more…

Al-Sudani: Our industry has reached self-sufficiency, and we aim to convert oil exports into derivatives.

Al-Sudani: Our industry has reached self-sufficiency, and we aim to convert oil exports into derivatives.

2025-06-05 03:50

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani said on Thursday that local industries have reached self-sufficiency, revealing at the same time that the government is targeting the conversion of oil exports into “high-value and high-yield” derivatives.

This came in a speech delivered by Al-Sudani during the celebration of National Read more…

The Kurdistan Regional Government responds to accusations by the Iraqi Ministry of Oil.

The Kurdistan Regional Government responds to accusations by the Iraqi Ministry of Oil.

2025-06-05 05:46

Shafaq News/ The Ministry of Natural Resources in the Kurdistan Region considered, on Thursday, the federal Ministry of Oil’s accusations against the region of oil smuggling as “a blatant attempt to divert attention from widespread smuggling and corruption in other parts of Iraq,” describing the Iraqi Ministry of Finance’s suspension of funding for salaries of public sector employees and workers in the region as a “blatant violation.”

In a lengthy statement, the Ministry of Natural Resources responded to these accusations by saying, Read more…

A strongly worded statement from the Ministry of Oil to the regional government: Abide by the constitution and the law.

A strongly worded statement from the Ministry of Oil to the regional government: Abide by the constitution and the law.

2025-06-05

The Federal Ministry of Oil issued a strongly worded statement on Thursday to the Kurdistan Regional Government, demanding that it adhere to the law, the constitution, and agreements regarding oil exports and the transfer of revenues.

The ministry said in a statement, “The Ministry of Oil stresses the necessity for Read more…

Al-Lami: No salaries for the region unless it abides by the law and discloses its oil production.

Al-Lami: No salaries for the region unless it abides by the law and discloses its oil production.

6-4-2025

Al-Maalouma / Special..
Member of the Parliamentary Oil and Gas Committee, Ali Saadoun, confirmed on Wednesday that the Kurdistan Regional Government (KRG) is still not complying with federal laws, noting that the region is preventing Ministry of Oil personnel from accessing oil fields within its territory.
Saadoun said in a statement Read more…

The Pentagon to Shafaq News: No change in the plan to withdraw from Iraq.

The Pentagon to Shafaq News: No change in the plan to withdraw from Iraq.

2025-06-04

Shafaq News/ The US Department of Defense (Pentagon) confirmed, in a statement to Shafaq News Agency on Tuesday, that the plan for the withdrawal of US forces from Iraq is still proceeding within the announced framework, denying any changes or delays due to recent political or regional developments.

The Pentagon said in an official response Read more…

Iraq is moving closer to WTO membership after completing comprehensive technical responses.

Iraq is moving closer to WTO membership after completing comprehensive technical responses.

2025/06/04

Trade Minister Atheer Al Ghurairy revealed that Iraq has made significant progress on its path to joining the World Trade Organization, affirming Baghdad’s serious commitment and transparency in meeting the requirements of this important international process.
Al-Ghariri explained in a statement received by {Euphrates News} that “the national team tasked with completing the accession requirements has completed answering more than 450 technical questions submitted Read more…

Oil without a law: Political interests have maintained the obstruction for two decades.

Oil without a law: Political interests have maintained the obstruction for two decades.

6-4-2025

Information / Baghdad…
The long-awaited Oil and Gas Law, which has been pending since 2005, remains stalled in parliament amid renewed political disputes and conflicting interests, preventing its passage over four consecutive parliamentary sessions.

Although the legislation was included in the ministerial program of Prime Minister Mohammed Shia al-Sudani’s government Read more…

Excluding the approval of the oil and gas law for the remainder of Parliament’s term

Excluding the approval of the oil and gas law for the remainder of Parliament’s term

6-4-2025

Al-Maalouma / Exclusive ..
Ali Hussein Al-Fatlawi, a leader in the Al-Fatah Alliance, ruled out on Wednesday the approval of the oil and gas law during the remaining term of the current parliament, while pointing out the existence of an international and regional will to maintain the status quo in order to benefit from oil at low prices due to illegal Read more…

Lost schedules: MPs threaten lawsuit against government over budget delays

Lost schedules: MPs threaten lawsuit against government over budget delays

6-4-2025

Information/Exclusive:
MP Ahmed Al-Sharmani threatened on Wednesday to take legal action against the government and the Ministry of Finance due to the continued delay in submitting the general budget schedules to Parliament, warning of serious economic and political repercussions Read more…

Under difficult conditions, the fourth section of the submerged tunnel in Al-Faw Port was refloated.

Under difficult conditions, the fourth section of the submerged tunnel in Al-Faw Port was refloated.

2025-06-04

Shafaq News/ Engineering teams from the General Company for Iraqi Ports began floating the fourth concrete section of the submerged tunnel project at the Grand Faw Port on Wednesday morning, amid difficult weather and environmental conditions. The project is being prepared and transported to its location under the Read more…

Al-Sudani: By no later than 2027, gas flaring in Iraq will be zero.

Al-Sudani: By no later than 2027, gas flaring in Iraq will be zero.

2025-06-04 04:39

Shafaq News/ Prime Minister Mohammed Shia al-Sudani renewed, on Wednesday, a commitment to reduce the rate of associated gas flaring to zero percent in Iraq by 2027.

This came in a speech he delivered during the National Conference for Young Environmental Pioneers, held at Al-Mustansiriya University on the occasion of Read more…

Iraq is working to achieve gas production and investment with a capacity of more than 1,000 cubic meters in two fields.

Iraq is working to achieve gas production and investment with a capacity of more than 1,000 cubic meters in two fields.

2025-06-04 06:17

Shafaq News/ Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani Al-Sawad said on Wednesday that Iraq has achieved remarkable progress in the fields of energy and natural resources investment and reform programs aimed at establishing the foundations for sustainable development.

“The ministry has made significant strides in increasing investment in associated gas and reducing its flaring rates, Read more…

Electricity ships return to Iraq after a 17-year absence.

Electricity ships return to Iraq after a 17-year absence.

2025-06-04

As part of the government’s accelerated efforts to ensure a supply of electricity through various solutions before the summer season, the Cabinet announced during its regular session yesterday, Tuesday, its approval of a contract with Kar Power to add 650 megawatts of power through the deployment of generating ships.

The decision is a quick, urgent, and temporary measure to address the energy Read more…

The European Union extends the ban on Iraqi Airways for six months.

The European Union extends the ban on Iraqi Airways for six months.

2025-06-04

The European Union renewed its ban on Iraqi Airways for six months on Wednesday (June 4, 2025), following a report by European inspectors. This means that Iraqi aircraft will not be able to fly to European Union countries.

“The European Union has long banned all Iraqi Airways flights to its countries due to a lack of safety requirements, non-compliance with applicable international Read more…

The Chief Justice of the Federal Court sends letters to the three presidencies and Barzani.

The Chief Justice of the Federal Court sends letters to the three presidencies and Barzani.

2025-06-04

Today, Wednesday (June 4, 2025), the Chief Justice of the Federal Supreme Court, Judge Jassim Mohammed, sent separate letters to the presidencies in Baghdad and the Kurdistan Region, stressing the need to work in accordance with the constitution.

This move by Iraq’s highest judicial authority comes amid ongoing Read more…

Al-Dulaimi warns of Kuwait’s efforts to gain the support of evil countries to control Khor Abdullah.

Al-Dulaimi warns of Kuwait’s efforts to gain the support of evil countries to control Khor Abdullah.

6-3-2025

Information/Anbar…
Abdul Majeed al-Dulaimi, a member of the Sovereignty Alliance, warned on Monday of the repercussions of Kuwait’s foreign moves against evil states to gain their support for seizing the Khor Abdullah seaport and annexing Iraqi lands rich in oil Read more…

MP: Khor Abdullah is Iraqi and the Federation’s decision thwarted attempts to give up.

MP: Khor Abdullah is Iraqi and the Federation’s decision thwarted attempts to give up.

6-3-2025

Al-Maalouma/Exclusive:
MP Zuhair al-Fatlawi affirmed on Tuesday that Khor Abdullah is an integral part of Iraqi geography, praising the Federal Supreme Court’s decision to annul the demarcation agreement, considering it a patriotic step to protect the country’s Read more…

Iraq joins the TIR system for cross-border land transport

Iraq joins the TIR system for cross-border land transport

2025-06-03 05:07

Shafaq News/ The Border Ports Authority announced, on Tuesday, that Iraq has joined the technically integrated TIR system and activated international cross-border transport operations, in partnership with the International Road Transport Union.

The authority stated in a statement Read more…

Economic Analysis: The Rise of the Dollar Against the Iraqi Dinar – Causes, Impacts, and Possible Solutions

Economic Analysis: The Rise of the Dollar Against the Iraqi Dinar – Causes, Impacts, and Possible Solutions

6-3-2025

Researcher Shaza Khalil *
The exchange rate of the US dollar against the Iraqi dinar has recently increased. Major markets in Baghdad and Basra closed at a selling price of 142,250 dinars and a buying price of 141,250 dinars. In Erbil, the selling price reached 141,000 dinars and the buying price 140,000 dinars. These increases reflect increasing pressure on the Iraqi dinar, raising concerns about Read more…