IRAQI DINAR POLITICS & ECONOMY

Currency Market: The dollar falls again in local markets.

Currency Market: The dollar falls again in local markets.

2025-05-01

The US dollar exchange rate witnessed a decline today, Thursday, in the markets of Baghdad and Erbil, as the dollar price fell on the Al-Kifah and Al-Harithiya stock exchanges to record 144,550 Iraqi dinars for every $100, compared to Read more…

The US is developing an advanced air defense system at Ain al-Assad base.

The US is developing an advanced air defense system at Ain al-Assad base.

4-30-2025

Information/Anbar…
A security source in Anbar province reported Tuesday that the United States has introduced a more advanced air defense system for its forces stationed at the Ain al-Asad base in western Anbar.

The source told Al-Maalouma, “US forces have developed a new air defense system against drones, missiles, and explosive devices to protect the Ain al-Assad air base Read more…

Economist: The future of Al-Faw Port and the nature of its commercial activity are linked to Khor Abdullah.

Economist: The future of Al-Faw Port and the nature of its commercial activity are linked to Khor Abdullah.

4-30-2025

Al-Maalouma/Baghdad…
Economic researcher, Diaa Abdul Karim, believes that the future of the Greater Faw Port and the nature of commercial activities in this port are directly linked to Khor Abdullah.
Abdul Karim told Al-Maalouma, “The Kuwaiti Mubarak Port is a formal port, but Kuwait wants this port to demarcate maritime borders and control Iraqi waters Read more…

Parliament enters a coma after sessions were suspended for unknown reasons.

Parliament enters a coma after sessions were suspended for unknown reasons.

4-30-2025

Al-Maalouma/Baghdad…
The Council of Representatives has entered a state of near-coma in its legislative work, as it has not witnessed the convening of its legislative sessions recently, despite the presence of many representatives, performing their duties, and heading to the legislative hall. However, there are unknown reasons preventing Read more…

Due to the drop in oil prices, the Iraqi government is considering canceling the 2025 budget.

Due to the drop in oil prices, the Iraqi government is considering canceling the 2025 budget.

2025-04-30 03:27

Shafaq News/ An Iraqi cabinet source said on Wednesday that the government is considering canceling the 2025 budget due to the decline in oil prices, which has increased the country’s fiscal deficit .

The source told Shafaq News Agency, “The Council of Ministers did not formally Read more…

Al-Sudani opens doors to Baker Hughes… Iraqi gas on the negotiating table

Al-Sudani opens doors to Baker Hughes… Iraqi gas on the negotiating table

2025-04-30 05:46

Shafaq News/ Prime Minister Mohammed Shia al-Sudani discussed the Iraqi gas file on Wednesday with Lorenzo Simonelli, Chairman and CEO of Baker Hughes, an American company. Simonelli affirmed that all necessary facilities would be provided for the company’s work Read more…

Al-Fatlawi: The current parliament is regressing legislatively, and its obstruction has contributed to the spread of corruption.

Al-Fatlawi: The current parliament is regressing legislatively, and its obstruction has contributed to the spread of corruption.

4-29-2025

Al-Maalouma/Exclusive..
Independent politician Ali Al-Fatlawi confirmed on Tuesday that there is a significant decline in the legislative role of the Iraqi parliament, especially in light of the escalating corruption files that require a firm legal treatment, whether by representatives or through Read more…

Government advisor: Iraq is in a prosperous and prosperous era despite the difficulties of the international economy.

Government advisor: Iraq is in a prosperous and prosperous era despite the difficulties of the international economy.

2025/04/29

The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed that operating expenses, which include salaries and other expenses, constitute approximately 57% of total annual spending in Iraq, and are fully covered as construction projects proceed at an accelerated pace.
Saleh explained in a statement Read more…

Half of it from taxes… Iraq intends to collect 79 trillion dinars in non-oil revenues by 2028.

Half of it from taxes… Iraq intends to collect 79 trillion dinars in non-oil revenues by 2028.

2025-04-29 | 03:19

Revealed Ministry of Planning Today, Tuesday, estimates according to the five-year plan 2024-2028 indicate that 79 trillion dinars will be collected in non-oil revenues, with the percentage of oil revenues declining to 87% of total revenues.

The ministry spokesman said Abdul Zahra Al-Hindawi, that “National Development Plan2024-2028: Oil revenues are expected Read more…

Popular movement: Al-Sudani’s concessions aim to secure a second term

Popular movement: Al-Sudani’s concessions aim to secure a second term

4-29-2025

Al-Maalouma/Baghdad..
Hussein Al-Karaawi, head of the organizing body of the Popular Movement for the Belt and Road Initiative, confirmed on Tuesday that a series of concessions offered by the current Iraqi government, headed by Prime Minister Mohammed Shia Al-Sudani, are primarily aimed at ensuring the renewal of his term Read more…

Oil below $70… Iraqis fear stifling economic and financial repercussions

Oil below $70… Iraqis fear stifling economic and financial repercussions

2-29-2025

Information/Report
Oil prices represent a major concern for Iraqis, especially the executive authority and the parties responsible for formulating the budget, which is based on an average price of $70 per barrel. This comes at a time when prices are experiencing a significant decline due to numerous external factors.
Global oil prices are witnessing a worrying decline, threatening the financial Read more…

Iraq cancels Pakistani JF-17 deal, opts for French Rafale

Iraq cancels Pakistani JF-17 deal, opts for French Rafale

4-29-2025

Al-Maalomah/Translation…
A report by the Belgian newspaper Army Reconciliation confirmed on Tuesday that Iraq’s discussions with France regarding the purchase of Rafale fighter jets are progressing, but without official confirmation yet.
The report, translated by Al-Maalomah, stated that “recent information indicates that Iraq may be finalizing a plan to purchase twelve of the latest F4 Rafale aircraft Read more…

Iraq has exceeded its oil quota. Expert predicts pressure from OPEC+.

Iraq has exceeded its oil quota. Expert predicts pressure from OPEC+.

2025-04-29 06:58

Shafaq News/ Economic expert Nabil Al-Marsoumi revealed on Tuesday that Iraq has exceeded its crude oil production quota by more than 200,000 barrels per day, which could expose it to pressure from the OPEC+ alliance in the coming Read more…

An Iraqi-Saudi agreement to establish the largest silica industrial complex in Anbar.

An Iraqi-Saudi agreement to establish the largest silica industrial complex in Anbar.

2025-04-29 02:55

Shafaq News/ The Iraqi Ministry of Industry and Minerals announced on Tuesday the signing of an agreement with Saudi Arabia to establish the largest industrial complex for silica projects in Anbar Governorate.

The ministry said in a statement received Read more…

A leader in the Progress Party: Halbousi is now able to return to the presidency of Parliament.

A leader in the Progress Party: Halbousi is now able to return to the presidency of Parliament.

2025-04-27 11:47

Shafaq News/ The Progress Party confirmed on Sunday that its leader, Mohammed al-Halbousi, can now return to the presidency of the Iraqi parliament, following the court’s decision to acquit him of all previous charges against him.

Party leader Ammar al-Jumaili told Shafaq News Agency, “The Iraqi judiciary’s decision to acquit al-Halbousi of all charges against him now legally grants him Read more…

“At the last minute,” al-Sadr prepares an alternative plan to participate in the elections.

“At the last minute,” al-Sadr prepares an alternative plan to participate in the elections.

2025-04-28 07:43

Shafaq News/ A source close to the leader of the Shiite National Movement, Muqtada al-Sadr, revealed on Monday that al-Sadr has an alternative plan to participate in the upcoming parliamentary elections.

The source told Shafaq News Agency, “Al-Sadr’s decision to boycott the parliamentary elections is not final. There could be a reversal depending on Read more…

Government advisor: “Marginal spending” protects Iraq from global economic shocks

Government advisor: “Marginal spending” protects Iraq from global economic shocks

2025/04/28

The Prime Minister’s financial advisor, Mazhar Mohammed Saleh, emphasized that the “marginal spending” policy, along with the preparation of the domestic money market for bridge loans when needed, represents a significant support for government spending and is one of the most important features of Read more…

Parliamentary Finance Committee to Al-Furat News: The government has dispensed with budget tables and we do not expect them to be sent to Parliament.

Parliamentary Finance Committee to Al-Furat News: The government has dispensed with budget tables and we do not expect them to be sent to Parliament.

2025/04/28

Jamal Kocher, a member of the Parliamentary Finance Committee, confirmed that the government does not intend to send the 2025 budget law schedules to Parliament, suggesting it will likely be dispensed with entirely under Read more…

Popular movement: Rashid and Al-Sudani accused of perjury

Popular movement: Rashid and Al-Sudani accused of perjury

4-28-2025

Al-Maalouma/Baghdad…
The head of the Popular Movement’s regulatory body, Hussein Ali Jassim, accused the president and prime minister of perjury on Monday, pointing out that there is a clear violation of the Iraqi constitution in the case of ceding Khor Abdullah.
Jassim said in a statement to Al-Maalouma Agency, “Iraq, with all its sects, rises up in support of the Federal Court, Read more…

The Parliamentary Finance Committee opens the revenue file and warns against delaying the budget schedules.

The Parliamentary Finance Committee opens the revenue file and warns against delaying the budget schedules.

4-28-2025

Al-Maalouma/Baghdad…
The Parliamentary Finance Committee announced today, Monday, that it will hold an important workshop at the Government Palace, stressing that the workshop is dedicated to discussing mechanisms for controlling government revenues, and is not related to the general budget schedules for Read more…