IRAQI DINAR POLITICS & ECONOMY

Economist: Jordan is the biggest beneficiary of Washington’s decisions against Iraqi banks.

Economist: Jordan is the biggest beneficiary of Washington’s decisions against Iraqi banks.

5-4-2025

Al-Maalomah/Baghdad..
Economic expert, Manar Al-Obaidi, confirmed on Sunday that the US decision to restrict the operations of a large number of Iraqi banks, under the pretext of smuggling dollars to China and Iran, did not achieve its goals, but rather led to counterproductive results that increased the volume of remittances Read more…

Will the government issue employee bonuses and promotions before submitting the budget schedules?

Will the government issue employee bonuses and promotions before submitting the budget schedules?

5-4-2025

Al-Maalouma / Exclusive..
Member of the Parliamentary Oil and Gas Committee, Ali Saadoun, confirmed today, Sunday, that what is being circulated regarding the issuance of promotions and allowances before the budget is included and its schedules are sent to Parliament is an “illegal” procedure, noting that such measures “represent electoral Read more…

Egypt moves to resume importing 12 million barrels of Basra oil annually.

Egypt moves to resume importing 12 million barrels of Basra oil annually.

2025-05-04 01:55

Shafaq News/ A government official stated on Sunday that Egypt seeks to resume importing 12 million barrels of Basra crude oil annually from Iraq starting in the third quarter, after a halt that lasted for about a year and a half.

The source told Asharq Al-Awsat that Egypt is in the final stage of negotiations Read more…

Rafidain Bank: There are no indications of any liquidity crisis or banking panic.

Rafidain Bank: There are no indications of any liquidity crisis or banking panic.

2025-05-04

Rafidain Bank confirmed on Saturday that its financial position is strong and solid, with a legal reserve of more than 8 trillion dinars deposited with the Central Bank of Iraq. The bank also indicated that there are no indications of any liquidity crisis or banking panic.

The bank said in a statement: “Rafidain Bank is not just a bank, but a sovereign Read more…

Parliamentary Security: The last US soldier must withdraw next year.

Parliamentary Security: The last US soldier must withdraw next year.

2025-05-04

Member of the Parliamentary Security and Defense Committee, Mohammed al-Shammari, affirmed on Saturday that the last US soldier must withdraw from Iraq next year, in accordance with the agreement signed between Baghdad and Washington.

Al-Shammari said in a press interview that “an agreement was concluded Read more…

The Parliamentary Finance Committee denies the existence of a timetable for submitting the 2025 budget tables.

The Parliamentary Finance Committee denies the existence of a timetable for submitting the 2025 budget tables.

5-3-2025

Al-Maalouma/Baghdad..
Member of the Parliamentary Finance Committee, MP Mudhar Karwi, denied on Saturday that there is a specific timetable for the government to submit the 2025 budget tables.
Karwi told Al-Maalouma, “The 2025 budget tables have indeed been delayed, and there were multiple requests from Read more…

The truth about the withdrawal of Rafidain and Rashid funds: sovereign funds, not citizens’

The truth about the withdrawal of Rafidain and Rashid funds: sovereign funds, not citizens’

2025-05-03 23:12

Shafaq News/ The Iraqi Ministry of Finance stressed on Saturday that the funds withdrawn from the government-run Rafidain and Rashid banks do not represent citizen deposits or the banks’ insurance balances. Rather, they belong to the ministry’s sovereign accounts, were kept as a temporary operating tool, and were Read more…

Iraq increases oil production to more than 400,000 barrels per day.

Iraq increases oil production to more than 400,000 barrels per day.

2025-05-03 06:53

Shafaq News/ OPEC+ member states have decided to increase oil production by 411,000 barrels per day in June.

The list of countries includes (Iraq, Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and the Sultanate of Oman).

The Saudi Ministry of Energy statement said: “In light of the current positive market Read more…

Iraq officially acknowledges the suspension of power lines to Iran due to US sanctions.

Iraq officially acknowledges the suspension of power lines to Iran due to US sanctions.

2025-05-03

The Prime Minister’s advisor for electricity affairs, Adel Karim, confirmed on Friday that the government has developed multiple plans to address any potential shortage of Iranian gas. He also noted that electricity lines with Jordan and Turkey are currently operating, and progress has been made in Read more…

The Ministry of Transport confirms its commitment to opening Mosul Airport on June 10.

The Ministry of Transport confirms its commitment to opening Mosul Airport on June 10.

2025/05/02

The Ministry of Transport announced on Friday that the Mosul International Airport project has reached 87% completion, stressing that the airport management and staff will continue to monitor the progress of work to complete it on the scheduled date of June 10.
The Ministry’s media office said in a statement Read more…

Iraq: Siemens agreement will generate 14,000 megawatts of power using local fuel.

Iraq: Siemens agreement will generate 14,000 megawatts of power using local fuel.

2025-05-02 03:13

Shafaq News/ The Ministry of Electricity confirmed on Friday that the agreement signed with Siemens to generate 14,000 megawatts of energy will be implemented using local fuel, ensuring the sustainable operation of the power plants with high efficiency.

A statement by the Ministry of Electricity Read more…

Prime Minister’s Advisor: Tax trusts contribute to securing government spending

Prime Minister’s Advisor: Tax trusts contribute to securing government spending

2025-05-02

The Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, confirmed on Friday that tax trusts are part of the general budget’s financial space and can be relied upon to adjust government spending, ensuring that basic obligations are met without compromising financial Read more…

The Ministry of Transport reveals the progress achieved at the Grand Faw Port.

The Ministry of Transport reveals the progress achieved at the Grand Faw Port.

2025-05-02

The Ministry of Transport revealed, on Friday, the latest developments in the Strategic Development Road project, stressing its commitment to the specified timetables, while announcing the progress rates achieved in the Grand Faw Port. The spokesman for the Ministry of Transport, Maitham Al-Safi, told the official agency that “work is currently underway to complete Read more…

Exclusive: A source reveals the truth behind a government decision to withdraw tax deposits.

Exclusive: A source reveals the truth behind a government decision to withdraw tax deposits.

2025-05-01 09:17

Shafaq News/ A responsible source explained on Thursday that the Iraqi government withdrew funds from tax deposits to cover expenses, including salaries, and did not record a final account for the public treasury.

The source told Shafaq News Agency, “Some social media outlets and satellite channels circulated a Cabinet decision regarding the withdrawal of tax deposits. We would like to point out that these funds Read more…

Talabani’s party: The oil and gas law is off the agenda for the current session, despite the government’s promises.

Talabani’s party: The oil and gas law is off the agenda for the current session, despite the government’s promises.

5-1-2025

Al-Maalouma/Baghdad…
A member of the Patriotic Union of Kurdistan (PUK), Burhan Sheikh Raouf, confirmed on Thursday that the oil and gas law will not be passed anytime soon, as the current parliamentary term is approaching its end, despite the urgent need to Read more…

Parliamentary Rights: We will not give up an inch of our land or water for the benefit of Kuwait.

Parliamentary Rights: We will not give up an inch of our land or water for the benefit of Kuwait.

5-1-2025

Al-Maalouma/Baghdad…
Head of the parliamentary Huqooq bloc, Saud Al-Saadi, affirmed on Thursday that no part of Iraqi land or water will be relinquished to Kuwait, stressing that the Khor Abdullah issue represents a “red line.”
Al-Saadi told Al-Maalouma News Agency that “Khor Abdullah is part of Iraqi land and water, and we will not relinquish a single inch Read more…

Al-Fatah demands investigation into “strange” movements of US convoys

Al-Fatah demands investigation into “strange” movements of US convoys

5-1-2025

Al-Maalouma/Exclusive:
On Thursday, the leader of the Fatah Alliance, Uday Abdul Hadi, called for an immediate investigation into the “strange” movements made by US troop convoys in a number of governorates over the past 24 hours.
Abdul Hadi told Al-Maalouma, “Social media platforms and media outlets have published, over the past hours, video clips documenting suspicious movements Read more…

An international classification places the Iraqi banking system in the “high-risk” category, and an expert warns.

An international classification places the Iraqi banking system in the “high-risk” category, and an expert warns.

2025-05-01 01:04

Shafaq News/ The international credit rating agency Standard & Poor’s has classified Iraq’s banking system as “high risk,” a financial expert commented on the matter.

The agency stated in a report seen by Shafaq News Agency that it “takes into account economic risks, the structure, resilience, and stability of the country, actual or potential imbalances in the economy, and credit risks arising from economic Read more…

Parliamentary Finance: The economic situation will be difficult, and spending will be limited to the operating budget.

Parliamentary Finance: The economic situation will be difficult, and spending will be limited to the operating budget.

2025-05-01 05:04

Shafaq News/ Jamal Kocher, a member of the Iraqi Parliament’s Finance Committee, confirmed on Thursday that the country could face a difficult situation if oil prices decline, and that the matter will be limited to securing the operating budget only.

“The Iraqi state’s operating budget amounts to Read more…

The National Bank is a gateway for smuggling dollars and starving the Iraqi economy!

The National Bank is a gateway for smuggling dollars and starving the Iraqi economy!

2025-05-01

Political and economic circles in Iraq are witnessing a rising wave of anger following the explosion of the financial corruption file at the National Bank, amid accusations of illegal acquisition of foreign remittances, mismanagement of the dollar, and systematic smuggling of hard currency, which has fueled the economies of neighboring countries, most notably Read more…