IRAQI DINAR POLITICS & ECONOMY

“Shadow” Oil: Expert Reveals Shocking Figures on Smuggling in the Region Through Türkiye

“Shadow” Oil: Expert Reveals Shocking Figures on Smuggling in the Region Through Türkiye

5-24-2025

Information/Exclusive:
Economic expert Hassan Al-Sheikh revealed shocking figures on Saturday regarding the volume of oil exports from the Kurdistan Region through unofficial channels, confirming that the region exports more than $3 billion annually via the black market, without the knowledge or oversight Read more…

A government advisor reveals a “dangerous paradox” in the private banking sector.

A government advisor reveals a “dangerous paradox” in the private banking sector.

2025/05/24

The Prime Minister’s economic advisor, Mazhar Mohammed Salih, affirmed that restructuring the banking sector is a fundamental and important step toward enhancing the stability of the financial system and supporting economic development in Iraq.
Saleh explained in a press statement that this restructuring aims to Read more…

Foreign Minister: Iraq is working to achieve self-sufficiency and energy independence.

Foreign Minister: Iraq is working to achieve self-sufficiency and energy independence.

2025-05-24 06:35

Shafaq News/ Foreign Minister Fuad Hussein affirmed on Saturday that Iraq is working to achieve self-sufficiency and energy independence, while expressing his regret that a number of Western countries continue to classify Iraq as a high-risk country.

This came during his meeting with US Senators Angus King, an independent from Maine, and James Lankford, a Republican from Oklahoma, according to Read more…

Fadlallah: The Kurds’ foreign movements are a constitutional violation and a veiled message of secession.

Fadlallah: The Kurds’ foreign movements are a constitutional violation and a veiled message of secession.

5-24-2025

Al-Maalouma/Baghdad..
Political analyst Ali Fadlallah considered, on Saturday, that the visits made by Kurdish officials abroad, especially to the United States, represent a real violation of the concept of the Iraqi state.
Fadlallah said, in a statement to Al-Maalouma Agency, that “the Iraqi constitution clearly stipulates that the regulation of foreign relations Read more…

Druze Gateway Paves the Way for Normalization… Israeli-Iraqi Meeting in the UAE Sparks Controversy

Druze Gateway Paves the Way for Normalization… Israeli-Iraqi Meeting in the UAE Sparks Controversy

5-24-2025

Al-Maalomah/Translation..
A report by the Hebrew newspaper, The Jerusalem Post, revealed on Saturday that former Israeli minister Ayoub Kara, a member of the Druze community, met with an Iraqi delegation while in Dubai and discussed the issue of Israeli normalization with Iraq, Read more…

Washington: Supporting Kurdistan is a strategic part of Trump’s policy.

Washington: Supporting Kurdistan is a strategic part of Trump’s policy.

2025-05-24

Shafaq News/ US Secretary of State Marco Rubio affirmed on Saturday his country’s commitment to supporting the Kurdistan Region within the framework of federal Iraq, emphasizing that this support is an essential and strategic part of US policy in the region under the administration of President Donald Trump.

Rubio’s remarks came during his meeting Read more…

Winds hit Iraqi electricity. 10 towers collapse and power outages occur in two governorates.

Winds hit Iraqi electricity. 10 towers collapse and power outages occur in two governorates.

2025-05-24 02:39

Shafaq News/ A source in the Iraqi electricity sector reported on Saturday that 10 power transmission towers collapsed in various areas of Nineveh and Salah al-Din governorates, including four between Sharqat district and Qayyarah sub-district, due to a severe windstorm yesterday.

The source told Shafaq News Agency, “A severe windstorm caused 10 power Read more…

Among them is Iraq.. Iran proposes forming an economic development group consisting of eight countries.

Among them is Iraq.. Iran proposes forming an economic development group consisting of eight countries.

2025-05-23 01:06

Shafaq News/ Iranian Ambassador to Saudi Arabia Ali Reza Enayati proposed establishing an economic development group comprising the Gulf states, his country, and Iraq, according to a report published by the semi-official Read more…

Sources: Trump gives Iran two weeks to expel armed factions from Iraq. What will happen?

Sources: Trump gives Iran two weeks to expel armed factions from Iraq. What will happen?

2025-05-23 | 02:03

High-level Iraqi sources revealed that the Vice President Cabinet and Minister of Foreign Affairs Fouad Hussein He recently carried a message from the US President to the Iranian leadership. Donald Trump With the withdrawal of armed factions from their positions in Iraq Read more…

US State Department: Meeting between Secretary Rubio and Barzani today

US State Department: Meeting between Secretary Rubio and Barzani today

2025-05-23 | 09:26

Announced US Department of State About a meeting that will include its minister Marco Rubio Prime Minister Kurdistan Region Masrour Barzani, Today, Friday.

The US State Department said in a statement Read more…

Calls for emergency parliamentary sessions to discuss important laws

Calls for emergency parliamentary sessions to discuss important laws

5-23-2025

Information / Special..
A member of the Parliamentary Legal Committee, Aref Al-Hamami, stressed on Friday the necessity of holding emergency sessions of Parliament to discuss important files, despite the current legislative recess. He pointed out that “there are important laws still in Parliament’s corridors awaiting a vote, including Read more…

Parliamentary Oil and Gas Committee: Kurdistan’s oil contracts violate the constitution and lack transparency.

Parliamentary Oil and Gas Committee: Kurdistan’s oil contracts violate the constitution and lack transparency.

5-23-2025

Al-Maalouma / Special..
Member of the Parliamentary Oil and Gas Committee, Basem Al-Gharibawi, expressed his surprise on Friday at the Kurdistan Region’s continued policy of “non-compliance” with federal decisions, considering that the new oil contracts concluded by the region “lack transparency and violate the constitution Read more…

Prime Minister’s Advisor: Small loans occupy 60% of the market and support the economy.

Prime Minister’s Advisor: Small loans occupy 60% of the market and support the economy.

2025-05-23

The Prime Minister’s Advisor, Mazhar Mohammed Saleh, confirmed on Friday that providing small loans absorbs and provides employment opportunities of no less than 60%, while explaining that loans expand the activity of small enterprises and increase their contribution to Read more…

Ports Authority announces the installation of the third piece of the submerged tunnel, with seven other pieces remaining.

Ports Authority announces the installation of the third piece of the submerged tunnel, with seven other pieces remaining.

2025/05/22

The General Company for Iraqi Ports announced significant progress in the implementation of the submerged tunnel within the Grand Faw Port project, represented by the completion of the (seating) process of the third concrete piece, which is one of the most delicate engineering stages in the project, requiring high precision and Read more…

Al-Marsoumi: The Iraqi economy faces serious challenges that require urgent reforms.

Al-Marsoumi: The Iraqi economy faces serious challenges that require urgent reforms.

5-22-2025

Al-Maalouma/Baghdad..
Economic expert Nabil Al-Marsoumi confirmed, on Thursday, that the Iraqi economy is facing serious challenges that require urgent reforms.
Al-Marsoumi said in a tweet followed by Al-Maalouma Agency, that “the International Monetary Fund warned in a report issued this May that Iraq is heading towards a difficult economic year Read more…

Korek’s debts return to the forefront: It owes $1.25 billion and the state demands payment.

Korek’s debts return to the forefront: It owes $1.25 billion and the state demands payment.

5-22-2025

Al-Maalouma / Baghdad…
The Parliamentary Transport and Communications Committee confirmed, on Thursday, that Korek Telecom owes the Iraqi state an estimated one billion and a quarter dollars, indicating that the company is evading the settlement and Read more…

The dollar is declining in Iraq. The reasons start with the citizen’s pocket.

The dollar is declining in Iraq. The reasons start with the citizen’s pocket.

5-22-2025

Information / Baghdad..
The Iraqi foreign exchange market has recently witnessed a significant decline in the dollar exchange rate, due to a combination of economic and social factors that have directly impacted demand in the parallel market.

Iraqi traders have begun to delay Read more…

Responsible State: Loopholes in the US troop withdrawal agreement from Iraq keep them there for a long time

Responsible State: Loopholes in the US troop withdrawal agreement from Iraq keep them there for a long time

5-22-2025

Al-Maalomah/Translation..
A report by the American newspaper Responsible Statecraft confirmed on Thursday that despite the Iraqi government and parliament’s demands for the withdrawal of US and coalition forces from the country, and the latter’s approval, there are loopholes in the agreement that allow them to remain in Iraq indefinitely.
The report, translated by Al-Maalomah Agency, stated Read more…

Kurdistan Region: We sell crude oil on the local market at low prices.

Kurdistan Region: We sell crude oil on the local market at low prices.

2025-05-22 07:12

Shafaq News/ Secretary of the Kurdistan Regional Government’s Council of Ministers, Amanj Rahim, stated on Thursday that the regional government is selling oil in local markets at low prices due to the federal government in Baghdad’s failure to resume exports via the Turkish port of Ceyhan.

During a panel discussion on the sidelines of the energy conference in Washington, Read more…

Two questions are puzzling Iraqis: Will US forces withdraw, and what will be the repercussions?

Two questions are puzzling Iraqis: Will US forces withdraw, and what will be the repercussions?

2025-05-22 04:06

Shafaq News/ The Quincy Institute concluded that there are two main questions prominently among Iraqis: Will foreign forces leave? And should they? The institute noted that Iraqis’ “complex and contradictory” views reveal the extent to which the uncertain future weighs on a nation still “incapable” of achieving national consensus. It added that Iraq’s reliance on US forces has Read more…