IRAQI DINAR POLITICS & ECONOMY

Rafidain Bank denies suspending electronic payment cards

Rafidain Bank denies suspending electronic payment cards

5-31-2025

Al-Maalouma/Baghdad..
Rafidain Bank categorically denied, on Saturday, the news circulating about suspending the operation of electronic payment cards.
A statement by Rafidain Bank received by Al-Maalouma Agency said, “There is no truth to the news circulating about suspending the operation of electronic payment cards, and no decision has been issued by MasterCard or any relevant official body Read more…

MP files a request to file a lawsuit against the Minister of Finance

MP files a request to file a lawsuit against the Minister of Finance

5-31-2025

Al-Maalouma/Exclusive:
MP Haider Al-Mutairi revealed on Saturday that he had submitted an official request to the Public Prosecutor to file a lawsuit against the Minister of Finance, due to the delay in finalizing the 2025 budget schedules.
Al-Mutairi told Al-Maalouma that “the 2025 budget schedules are vital files Read more…

Al-Sudani: Unemployment rate drops to 13% in Iraq

Al-Sudani: Unemployment rate drops to 13% in Iraq

2025-05-31 02:27

Shafaq News/ Prime Minister Mohammed Shia al-Sudani announced on Saturday that unemployment rates have fallen to 13 percent in the country, stressing his government’s commitment to supporting locally manufactured goods in Iraq.

This came during the inauguration of the factories Read more…

Popular unrest in central Iraq: Five provinces angry with Baghdad, threatening escalation

Popular unrest in central Iraq: Five provinces angry with Baghdad, threatening escalation

2025-05-31 05:56

Shafaq News/ The Iraqi governorates, including the Middle Euphrates (Najaf, Karbala, Diwaniyah, Babil) and Muthanna, are suffering from a clear deterioration in the provision of services, most notably the provision of national electricity. Observers hold the local councils and governments, and even Baghdad, Read more…

The Ministry of Finance addresses Al-Sudani: The treasury cannot bear additional financial consequences.

The Ministry of Finance addresses Al-Sudani: The treasury cannot bear additional financial consequences.

2025-05-31

The Ministry of Finance sent an official letter to the office of Prime Minister Mohammed Shia Al-Sudani, regarding the request to confirm the contracts of Ministry of Oil employees in accordance with Resolution (315), stressing that the Federal General Budget Law does not include any text that permits Read more…

The path to development… a golden corridor that brings Iraq back to the forefront

The path to development… a golden corridor that brings Iraq back to the forefront

5-30-2025

Sky News Arabia – Abu Dhabi
The Iraqi economy has long been captive to a single equation: oil versus revenues. But with the rise of calls to break free from the shackles of a rentier economy, the “Development Path” project has emerged as an ambitious strategic initiative that redraws Iraq’s position on the global Read more…

Government advisor: Our large foreign reserves protect Iraq from oil price fluctuations.

Government advisor: Our large foreign reserves protect Iraq from oil price fluctuations.

2025/05/30

The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Friday that there is a close connection between the Iraqi economy, the activity of the general budget, and international economic shocks.
Salih explained to {Al Furat News} that “this connection moves in two main directions. The first is the world entering a gradual Read more…

Gold prices in Iraq fell by 30,000 dinars per ounce.

Gold prices in Iraq fell by 30,000 dinars per ounce.

5-30-2025

Information/ Follow-up..
Gold prices in Iraqi markets recorded a significant decline on Friday, with the price of one ounce falling by $23.36, equivalent to approximately 30,548.40 Iraqi dinars, amid global Read more…

Mohammed: Erbil’s deals with fake American companies are a violation of the law and an attempt to blackmail Baghdad.

Mohammed: Erbil’s deals with fake American companies are a violation of the law and an attempt to blackmail Baghdad.

5-30-2025

Al-Maalouma / Special…
Former MP Ghaleb Mohammed accused the Kurdistan Regional Government (KRG) on Friday of concluding oil deals with “fake” American companies in a manner that violates the law and excludes the federal government in Baghdad Read more…

For the first time, Iraq wins membership in the United Nations Human Settlements Programme.

For the first time, Iraq wins membership in the United Nations Human Settlements Programme.

2025-05-30 01:46

Shafaq News/ Deputy Prime Minister and Minister of Planning, Mohammed Ali Tamim, announced on Friday that Iraq has won membership in the Executive Board of the General Assembly of the United Nations Human Settlements Programme (UN-Habitat), for the first time since Read more…

New statement from the Ministry of Finance regarding budget schedules, bonuses, promotions, and salaries.

New statement from the Ministry of Finance regarding budget schedules, bonuses, promotions, and salaries.

2025-05-30

The Ministry of Finance denied, on Thursday, May 29, 2025, what was stated in statements by a member of the House of Representatives, circulated in some media outlets, in which he said that the Minister of Finance, Taif Sami, does not intend to send the budget tables to Parliament.

The Ministry of Finance stated in a statement, “There was no dialogue between Read more…

An advisor to the Prime Minister warns of a potential budget deficit due to the decline in oil prices.

An advisor to the Prime Minister warns of a potential budget deficit due to the decline in oil prices.

2025/05/29

The Prime Minister’s financial advisor, Mazhar Mohammed Salih, warned on Thursday of a worsening deficit in Iraq’s three-year general budget, attributing this to the widening gap between the approved oil price in the budget ($70 per barrel) and the current low actual prices.
Saleh explained to Al Furat News Agency that “the current Read more…

Iraq has completed 71% of its plan to lift the European ban on the “Green Bird.”

Iraq has completed 71% of its plan to lift the European ban on the “Green Bird.”

2025-05-29 07:50

Shafaq News/ The Iraqi government announced, on Thursday, the completion of 71% of the corrective plan to lift the European ban on Iraqi Airways.

This came during a meeting chaired by Prime Minister Mohammed Shia al-Sudani with representatives of the International Air Transport Association (IATA) to follow up on procedures Read more…

US Secretary of State receives Republican request for immediate sanctions on Iraq

US Secretary of State receives Republican request for immediate sanctions on Iraq

2025-05-29

Shafaq News/ Two Republican members of the US House of Representatives called for immediate sanctions on Iraq, accusing the Baghdad government of “completely submitting to Iranian influence” and turning the country into “a puppet in Tehran’s hands.”

In a letter addressed to US Secretary of State Marco Rubio, Representatives Read more…

Rubio: The Kurdistan Region will remain a key factor in strengthening relations with Iraq.

Rubio: The Kurdistan Region will remain a key factor in strengthening relations with Iraq.

2025-05-29 00:42

Shafaq News/ Secretary of State Marco Rubio affirmed on Thursday that the Kurdistan Region will remain a key factor in strengthening relations with Iraq.

A statement by the US State Department, seen by Shafaq News Agency, stated that Rubio had a phone call on Wednesday evening with Kurdistan Region President Read more…

A parliamentarian, after meeting with Taif Sami, said: Iraq is facing a real financial crisis with an unprecedented deficit.

A parliamentarian, after meeting with Taif Sami, said: Iraq is facing a real financial crisis with an unprecedented deficit.

2025-05-29 04:08

Shafaq News/ Member of Parliament Raed al-Maliki stated on Thursday that Iraq is facing a “real” financial crisis and an “unprecedented” deficit, with debt rising to more than $130 billion.

Maliki said in a statement following his meeting with Finance Minister Taif Sami that the latter “does not intend to submit budget schedules and has not prepared them at all, due to the Central Bank governor’s refusal Read more…

Iraq is on the threshold of a new economic phase.

Iraq is on the threshold of a new economic phase.

05/28/2025

The UK-based Global Development Studies Center confirmed that Iraq is on track to improve its credit rating, noting that the government succeeded in attracting foreign investment exceeding $87 billion in 2024.

Dr. Sadiq Al-Rikabi, head of the Global Center for Development Studies, Read more…

Iranian Trade: Our Electricity Is a “Strategic Mission,” Otherwise We Will Lose Iraq “to Saudi Arabia”

Iranian Trade: Our Electricity Is a “Strategic Mission,” Otherwise We Will Lose Iraq “to Saudi Arabia”

2025-05-28 | 05:53

Considered Energy Committee In the Iranian Chambers of Commerce, today, Wednesday, that Iran Generate electricity itself and supply it to Iraq so that it does not become a problem Saudi Arabia Iran’s place, considering that the presence of Iranian electricity in Iraq “Strategic mission.”

The president said Energy Committee Read more…

Al-Dulaimi: International documents prove that Khor Abdullah belongs to Iraq.

Al-Dulaimi: International documents prove that Khor Abdullah belongs to Iraq.

5-28-2025

Al-Maalouma/Anbar…
A leader in the United Anbar Alliance, Mohammed al-Dulaimi, revealed on Wednesday that there are active parliamentary movements aimed at exposing Kuwaiti ambitions in Khor Abdullah, revealing the parties that signed the agreement to “sell” the waterway, and presenting evidence to the judiciary.
Al-Dulaimi said in a statement Read more…

A government advisor responds to Parliament: There is no financial crisis in Iraq, and hedging is a necessity.

A government advisor responds to Parliament: There is no financial crisis in Iraq, and hedging is a necessity.

2025-05-28 01:30

Shafaq News/ The advisor to the Iraqi Prime Minister, Mazhar Mohammed Salih, confirmed on Wednesday that talk of a financial crisis in the country is nothing more than “mere rumors,” stressing the need for “cautionary” economic policies in light of the current international circumstances.

Saleh told Shafaq News Agency, “The country Read more…