IRAQI DINAR POLITICS & ECONOMY

Minister of Industry: Anbar Desert has the largest phosphate reserves, estimated at 10 billion tons.

Minister of Industry: Anbar Desert has the largest phosphate reserves, estimated at 10 billion tons.

2025-05-22 04:54

Shafaq News/ Minister of Industry and Minerals Khaled Battal Al-Najm laid the foundation stone on Thursday for the project to “construct and operate new integrated plants for the production of phosphate fertilizers” in Al-Qaim District, Anbar Governorate, western Iraq.

This vital project is being implemented in partnership between Read more…

Al-Shabaki: The region’s oil is delaying the budget schedules from reaching parliament.

Al-Shabaki: The region’s oil is delaying the budget schedules from reaching parliament.

5-21-2025

Al-Maalouma / Special..
Former member of the Parliamentary Finance Committee, Mohammed Al-Shabaki, accused the Kurdistan Regional Government, on Wednesday, of being directly responsible for the delay in sending the budget tables to the Council of Representatives, attributing this to the region’s continued oil smuggling and its Read more…

Maximizing non-oil revenues by up to 60%… Expert identifies what Iraq needs

Maximizing non-oil revenues by up to 60%… Expert identifies what Iraq needs

2025/05/21

Economic expert Safwan Qusay confirmed that the percentage of non-oil revenue maximization in Iraq has reached 60%, while pointing to the country’s need to expand sources of income and achieve economic independence through long-term support for the agriculture, industry, and trade sectors.

During his appearance on the “Free Talk” program Read more…

2025 Budget: Government Advisor Outlines Spending Priorities and Plans to Address Trillion-Dollar Deficit

2025 Budget: Government Advisor Outlines Spending Priorities and Plans to Address Trillion-Dollar Deficit

2025/05/21

The Prime Minister’s financial and economic advisor, Mazhar Mohammed Salih, revealed important details related to the budget for the remainder of 2025 and the impact of global economic variables on the oil market.
In a press statement, Salih confirmed that “Iraq was able to sell its oil until Read more…

Al-Husseini: The government is squandering Iraq’s economic gains for the sake of a second term.

Al-Husseini: The government is squandering Iraq’s economic gains for the sake of a second term.

5-21-2025

Al-Maalouma/Baghdad..
MP Yasser Al-Husseini accused the current government on Wednesday of squandering the country’s economic gains and wasting public funds in order to achieve political gains and pave the way for a second term for Prime Minister Mohammed Shia Al-Sudani.
Al-Husseini said in a statement Read more…

Challenges of a second term: Will Al-Sudani win outside the Coordination Framework?

Challenges of a second term: Will Al-Sudani win outside the Coordination Framework?

5-21-2025

Information/Report…
Prime Minister Mohammed Shia al-Sudani’s announcement of the formation of a new electoral coalition, called the “Reconstruction and Development Coalition,” sparked mixed political reactions, particularly from within the Coordination Framework, the primary political Read more…

Abdul Latif: Kuwait has greatly exceeded its land border with Iraq.

Abdul Latif: Kuwait has greatly exceeded its land border with Iraq.

5-21-2025

Al-Maalouma/Baghdad..
Former Basra Governor, Judge Wael Abdul Latif, confirmed on Wednesday that Kuwait has encroached on Iraq’s land borders in seven stages.
Abdul Latif said in a speech during a conference supporting the Federal Court’s decision to invalidate the Khor Abdullah agreement, followed by Read more…

Hebrew report: Kurdistan Region moves to strengthen cooperation with the US and achieve balance with Türkiye and Iran.

Hebrew report: Kurdistan Region moves to strengthen cooperation with the US and achieve balance with Türkiye and Iran.

2025-05-21 05:15

Shafaq News/ The Israeli newspaper “Jerusalem Post” reported in a report published on Wednesday that the Kurdistan Region of Iraq seeks to strengthen cooperation with the United States and achieve balance in its foreign relations with Iran and Turkey .

The report, translated by Shafaq News Agency, stated that “the Kurdistan Region hopes to pave the way for closer cooperation with the United States and the Trump Read more…

After Baghdad’s rejection, the Kurdistan Regional Government clarifies the circumstances surrounding its oil contracts with the United States.

After Baghdad’s rejection, the Kurdistan Regional Government clarifies the circumstances surrounding its oil contracts with the United States.

2025/05/20

The Ministry of Natural Resources in the Kurdistan Regional Government issued an official clarification on Tuesday regarding contracts signed with American companies to develop two oil fields in Sulaymaniyah Governorate. This came after the federal government in Baghdad announced its rejection of these contracts.

According to a statement from the Ministry of Natural Resources, Read more…

Shadow Visits… What’s Behind Al-Sudani’s Nighttime Movements to Saudi Arabia Inside the Tent?

Shadow Visits… What’s Behind Al-Sudani’s Nighttime Movements to Saudi Arabia Inside the Tent?

5-20-2025

Information / Special ..
At a time when the spotlight is on the movements and foreign visits of leaders as a gateway to transparency and diplomacy, the repeated and secret visits of Iraqi Prime Minister Mohammed Shia al-Sudani to the Kingdom of Saudi Arabia raise significant questions.
What is the secret behind these visits, which are not announced in advance and often take place in the dead of night, without protocol? Why are the meetings held in a “tent” and not in palaces or Read more…

Al-Sudani inaugurates the 2-megawatt solar power plant for the government palace.

Al-Sudani inaugurates the 2-megawatt solar power plant for the government palace.

5-20-2025

Al-Maalouma/Baghdad…
Prime Minister Mohammed Shia al-Sudani inaugurated the 2-megawatt solar power plant for the government palace on Tuesday.
The Prime Minister’s media office said in a statement received by Al-Maalouma Agency, “Prime Minister Mohammed Shia al-Sudani inaugurated the 2-megawatt solar power plant for the government palace, at the start of a project to convert Read more…

Al-Salami demands that the oil company reveal details of an Iraqi refinery in Mogadishu.

Al-Salami demands that the oil company reveal details of an Iraqi refinery in Mogadishu.

5-20-2025

Al-Maalouma/Baghdad…
MP Haider Al-Salami called on the Ministry of Oil on Tuesday to take an official and transparent position regarding the recent revelations regarding the presence of an Iraqi refinery in the Somali capital, Mogadishu, which dates back to the late 1970s.
Al-Salami told Al-Maalouma that “the government spokesman’s statements about Read more…

MP: We will file an official complaint against the government over the budget.

MP: We will file an official complaint against the government over the budget.

5-20-2025

Al-Maalouma/Baghdad..
Representative Zuhair Al-Fatlawi confirmed, on Tuesday, that an official complaint had been filed with the Public Prosecution against the executive government for not sending the 2025 federal budget tables to the Council of Representatives. Read more…

Al-Zubaidi: Al-Halbousi is accused of carrying out foreign conspiracies to end the role of the Faw port.

Al-Zubaidi: Al-Halbousi is accused of carrying out foreign conspiracies to end the role of the Faw port.

5-20-2025

Information/Exclusive:
Ali al-Zubaidi, a member of the “We Build” coalition, warned on Tuesday of regional moves aimed at undermining Iraq’s maritime role through a Gulf plan to isolate it by water. He pointed to ongoing attempts to end the Grand Faw Port project and transfer its economic importance to Read more…

Starting next month, private generator owners will be provided with free fuel.

Starting next month, private generator owners will be provided with free fuel.

2025-05-20 02:09

Shafaq News/ The Oil Products Distribution Company announced on Tuesday that private generators will be supplied with free kerosene starting next June.

The company’s general manager, Hussein Talib, explained in a statement today that the Ministry of Oil, represented by the distribution company, took early action Read more…

Sulaymaniyah: Huge crowds outside TBI Bank to receive “My Account” cards

Sulaymaniyah: Huge crowds outside TBI Bank to receive “My Account” cards

2025-05-20 02:28

Shafaq News/ A large turnout of citizens swept through the vicinity of TBI Bank in Sulaymaniyah on Tuesday morning, reflecting employees’ eagerness to complete the procedures for receiving their cards within the “My Account” system before the official deadline announced Read more…

The date for the East Baghdad oil field to enter gas production has been set.

The date for the East Baghdad oil field to enter gas production has been set.

2025-05-20 02:50

Shafaq News/ The Director of the Southern Region Operations Department at the Middle Oil Company, Firas Fawzi, confirmed on Tuesday that the East Baghdad oil field will enter the gas production phase in September of next year.

Fawzi told Shafaq News Agency, “After the completion of oil production in the East Baghdad field, production is expected to reach 120,000 barrels per day by June Read more…

Finance Committee: “The current situation is not worrisome, and the salaries file will not witness any disruption.”

Finance Committee: “The current situation is not worrisome, and the salaries file will not witness any disruption.”

2025-05-20

The House of Representatives’ Finance Committee reassured citizens regarding the salaries issue, asserting that the situation is under control. Committee member Hussein Mounes stated in press statements that “the government has several options and the ability to overcome any current crisis.” He added that “the current situation is not cause for concern, and the salaries issue Read more…

Parliamentary Finance Committee sounds alarm bells over Iraqi economy

Parliamentary Finance Committee sounds alarm bells over Iraqi economy

5-19-2025

Information/Exclusive:
Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, warned on Monday of the repercussions of the government’s continued resort to domestic and foreign borrowing, stressing that this move portends a potential economic collapse in light of the decline in global oil prices and the federal budget Read more…

Five oil wells in the Jambur field in Kirkuk have been restarted.

Five oil wells in the Jambur field in Kirkuk have been restarted.

5-19-2025

Al-Maalouma/Baghdad…
The North Oil Company announced, on Monday, the resumption of production in five oil wells within the Jambur field, located north of Kirkuk Governorate, after overcoming the technical challenges that hindered their operation during the past period.
The company stated Read more…