IRAQI DINAR POLITICS & ECONOMY

A new “digital alliance”: Iraq and SpaceX at the table for technological cooperation

A new “digital alliance”: Iraq and SpaceX at the table for technological cooperation

2025-05-28 05:54

Shafaq News/ Prime Minister Mohammed Shia al-Sudani discussed technological cooperation between Baghdad and Washington on Wednesday during his reception of a delegation from the American SpaceX (Starlink) company.

The Prime Minister’s Office stated Read more…

The Kurdistan Regional Government appreciates the United States’ position and commends its support for the region’s constitutional system.

The Kurdistan Regional Government appreciates the United States’ position and commends its support for the region’s constitutional system.

2025-05-28 05:52

Shafaq News/ The Kurdistan Regional Government’s Council of Ministers held a meeting on Wednesday, chaired by Prime Minister Masrour Barzani, to present the results of the official visit of a high-level delegation from the regional government to Washington, D.C., last week.

At the beginning of the meeting, the Prime Minister highlighted Read more…

The Silent Landing… The Hidden Factors That Led to the Dollar’s Fall in Baghdad

The Silent Landing… The Hidden Factors That Led to the Dollar’s Fall in Baghdad

2025-05-28

May 2025 witnessed one of the most exceptional periods of volatility in the US dollar exchange rate against the Iraqi dinar. The dollar’s value declined gradually and dramatically, sparking a wave of questions in the market and prompting experts to deconstruct the reasons Read more…

From buying land and cars to prison… the end of Iraq’s “counterfeit currency expert”

From buying land and cars to prison… the end of Iraq’s “counterfeit currency expert”

2025/05/27

The Supreme Judicial Council revealed the arrest of a counterfeit currency dealer who had been circulating since 2019 and had amassed a vast fortune.
Al-Qadaa newspaper said in its issue today, followed by {Euphrates News}: “Information was received by the Baghdad Organized Crime Directorate / Investigation Department about the presence of a group of people in one of the Baghdad areas who are trading in counterfeit Read more…

Economist: Trump’s tariffs will end the dominance of substandard goods in Iraq.

Economist: Trump’s tariffs will end the dominance of substandard goods in Iraq.

5-27-2025

Al-Maalouma/Baghdad..
Economic expert Diaa Al-Mohsen confirmed on Tuesday that the customs duties imposed by former US President Donald Trump on imports from some countries, particularly European and Chinese, would push international companies to seek alternative markets to the US market, indicating that Iraq could be one of the potential destinations Read more…

Iraq to be OAPEC’s second-largest oil exporter by 2025

Iraq to be OAPEC’s second-largest oil exporter by 2025

2025-05-27 02:19

Shafaq News/ The Organization of Arab Petroleum Exporting Countries (OAPEC) announced on Tuesday that Iraq ranked second among the largest crude oil exporters among member states during the first quarter of 2025.

According to a report reviewed Read more…

Erbil-Washington agreements revive hopes for reviving the Iraq-Turkey oil pipeline.

Erbil-Washington agreements revive hopes for reviving the Iraq-Turkey oil pipeline.

2025-05-27 02:11

Shafaq News/ Following the energy agreements concluded by the Kurdistan Regional Government with American companies, attention is turning to the tense relationship between Erbil and Baghdad. A breakthrough between the two could accelerate the resumption of the Iraq-Turkey pipeline, which has been halted for years, amid Read more…

The Parliamentary Finance Committee explains the reasons for the decline in the dollar price: It is not due to government measures.

The Parliamentary Finance Committee explains the reasons for the decline in the dollar price: It is not due to government measures.

2025-05-27 03:54

Shafaq News/ Member of the Parliamentary Finance Committee, Jamal Kocher, considered on Tuesday that talk about measures taken by the government that contributed to the decline in the dollar exchange rate against the Iraqi dinar is “incorrect.”

“There are many reasons for this decline,” Kocher told Read more…

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

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

2025-05-27 04:45

Shafaq News/ From Mogadishu to Madrid, from tea plantations in Vietnam to Mediterranean palaces in Cannes, France, the specter of lost Iraqi property, estimated to be worth at least $90 billion, lingers. But this wealth, once a tool of influence and investment, is now a forgotten treasure tucked away in unarchived Read more…

Diyala: Six major Sunni tribes pull the rug out from under the Halbousi and Al-Khanjar alliances

Diyala: Six major Sunni tribes pull the rug out from under the Halbousi and Al-Khanjar alliances

5-26-2025

Al-Maalouma/Diyala..
Informed sources revealed on Monday that six of the largest Sunni tribes in Diyala have put the Halbousi and Khanjar alliances in an embarrassing position, after the rug was pulled from them in determining the identity of candidates for the upcoming elections.
The sources told Al-Maalouma, “Six major Sunni tribes in Diyala have decided, Read more…

The Sudanese Ministry of Finance directs the Ministry of Finance to prepare budget tables for approval, amounting to 140 trillion dinars.

The Sudanese Ministry of Finance directs the Ministry of Finance to prepare budget tables for approval, amounting to 140 trillion dinars.

2025-05-26 03:15

Shafaq News/ The Finance Committee of the Iraqi Parliament revealed on Monday that Prime Minister Mohammed Shia al-Sudani directed the Ministry of Finance to prepare budget tables in preparation for its approval.

Committee member Moeen Al-Kadhimi told Shafaq News Agency, “Last week, Al-Sudani directed the Ministry of Finance to prepare the 2025 budget schedules in Read more…

Iraq and internal debt

Iraq and internal debt

5-26-2025

We often hear people say, “The domestic debt is not dangerous, because it’s denominated in dinars, not dollars, and it won’t affect foreign currency reserves.” But those who say this either don’t follow the Iraqi economy closely, or are trying to reassure people with statements that are far removed from reality.
When the state borrows from local banks to cover its deficit, it is effectively Read more…

Al-Sudani confirms the provision of everything necessary to expand the investment environment in Iraq.

Al-Sudani confirms the provision of everything necessary to expand the investment environment in Iraq.

5-25-2025

Baghdad – Mail
Prime Minister Mohammed Shia al-Sudani sponsored the signing of a memorandum of understanding on Sunday to develop part of the Al-Rufayl Economic City in Baghdad, affirming the state’s support for investment projects and providing everything necessary to expand the investment Read more…

Al-Sudani meets with a US Senate delegation and stresses the importance of developing bilateral relations.

Al-Sudani meets with a US Senate delegation and stresses the importance of developing bilateral relations.

2025/05/25

Prime Minister Mohammed Shia al-Sudani received US Senators Angus King and James Lankford and their accompanying delegation Saturday.

Al-Sudani stressed, according to a statement from his media office, Read more…

The Ministry of Foreign Affairs regrets Iraq’s “high-risk” classification: negative impact on investment and tourism.

The Ministry of Foreign Affairs regrets Iraq’s “high-risk” classification: negative impact on investment and tourism.

2025/05/25

The Ministry of Foreign Affairs expressed its regret on Sunday over the continued classification of Iraq by a number of Western countries as a “high-risk” country in travel advisories issued to their citizens. The Ministry stressed that this classification negatively impacts foreign companies’ access to the Iraqi market and hinders Read more…

On the rescue table… Al-Zayadi: The budget schedules will be voted on soon.

On the rescue table… Al-Zayadi: The budget schedules will be voted on soon.

5-25-2025

Information/Exclusive:
State of Law Coalition member Mohammed al-Ziyadi confirmed on Sunday that the House of Representatives is moving toward voting on the three-year budget agenda within the next few days. This step, he described as “necessary” given its direct connection to the current fiscal year and its impact Read more…

Al-Salami: The government must take urgent action regarding the oil agreements between the region and Washington.

Al-Salami: The government must take urgent action regarding the oil agreements between the region and Washington.

5-25-2025

Al-Maalouma/Exclusive:
MP Haider Al-Salami called on the federal government on Sunday to take urgent action regarding the agreements concluded by the Kurdistan Regional Government (KRG) with American companies related to the investment of natural resources.
Al-Salami told Al-Maalouma that “Iraq’s natural resources represent a right for all Read more…

Framework bloc: There is no veto on a second term for Al-Sudani, and this is the mechanism for granting it.

Framework bloc: There is no veto on a second term for Al-Sudani, and this is the mechanism for granting it.

2025-05-25 01:46

Shafaq News/ The Fatah Alliance, led by Hadi al-Amiri, confirmed on Sunday that the Coordination Framework forces would not impose a veto on the second term of current Prime Minister Mohammed Shia al-Sudani, while explaining the mechanism that could resolve this matter.

“The talk about a veto by some forces within the Coordination Framework on the renewal of the second term Read more…

By 2025, the Iraqi citizen’s share of GDP will exceed $5,000.

By 2025, the Iraqi citizen’s share of GDP will exceed $5,000.

2025-05-25 04:01

Shafaq News/ Iraq ranked ninth in the Arab world in terms of per capita GDP in 2025, according to the Country Cassette website, which collects international data and statistics.

The website stated, in a report reviewed by Shafaq News Agency, that “per capita GDP, which measures the economic output of a country’s individual, is a key Read more…

Iraqi Oil: Gas investment has reached 70% and will increase next year.

Iraqi Oil: Gas investment has reached 70% and will increase next year.

2025-05-25 04:47

Shafaq News/ Abdul-Baqi Khalaf, an advisor to the Iraqi Ministry of Oil, confirmed on Sunday that Iraq is investing approximately 70% of its associated gas, noting that this percentage will increase next year.

Khalaf told Shafaq News Agency, “Iraq invests 70% of its associated gas, but it needs Read more…