IRAQI DINAR POLITICS & ECONOMY

Baghdad hosts the Union of Arab Banks conference

Baghdad hosts the Union of Arab Banks conference

2025-04-28 04:36

Shafaq News/ The head of the Iraqi Private Banks Association, Wadih Al-Handhal, announced on Monday that the Union of Arab Banks will hold its next conference in the capital, Baghdad, under the patronage of Iraqi Prime Minister Mohammed Shia Al-Sudani, and in cooperation with the Central Bank and Read more…

An expert calls on the government to diversify funding sources and establish a sovereign fund.

An expert calls on the government to diversify funding sources and establish a sovereign fund.

2025/04/27

Economic expert Rashid Al Saadi called on the government, on Sunday, to seriously consider finding non-oil financial resources to support the general budget, stressing the importance of establishing a sovereign fund aimed at supporting future generations.
Al-Saadi confirmed in a statement to Read more…

“The End of al-Julani”: The Fall of the Agent of Suspicious Projects and ISIS’s Free Hand in Iraq

“The End of al-Julani”: The Fall of the Agent of Suspicious Projects and ISIS’s Free Hand in Iraq

4-27-2025

Information / Special..
Amid the chaos raging in Syria, the shocking truth is revealed: Abu Muhammad al-Jolani, who was created as the “man of the moment,” is today turning into a heavy burden that must be eliminated at all costs.
Al-Jolani’s project—secretly supported and politically covered up—is eroding before everyone’s eyes. Read more…

Epicor announces failure to reach an agreement with Erbil and Baghdad to resume Kurdistan oil exports.

Epicor announces failure to reach an agreement with Erbil and Baghdad to resume Kurdistan oil exports.

2025-04-27 00:43

Shafaq News/ The Kurdistan Regional Government’s (KRG) Oil Corporation (EPICOR) confirmed on Sunday that no agreement had been reached with the regional government and Baghdad regarding the re-export of oil through the Ceyhan pipeline, while explaining the legal problems facing Read more…

US: Trade with the Kurdistan Region continues to expand, especially in the energy sector.

US: Trade with the Kurdistan Region continues to expand, especially in the energy sector.

2025-04-27 02:22

Shafaq News/ The US Consul General in Erbil, Steve Bittner, stated on Sunday that the trade partnership between the United States and the Kurdistan Region continues to expand, especially in the energy sector.

In a speech delivered during the contract signing ceremony between Read more…

The Parliamentary Finance Committee rules out the government’s submission of the budget and identifies three reasons.

The Parliamentary Finance Committee rules out the government’s submission of the budget and identifies three reasons.

2025-04-27 03:04

Shafaq News/ The Iraqi parliament’s Finance Committee ruled out on Sunday the Iraqi government’s submission of the 2025 budget schedules to parliament for approval, citing three main reasons for this.

Committee member Jamal Kocher told Shafaq News Agency, “The House of Representatives has the ability to Read more…

The Prime Minister directs government institutions to transition to a digital system within six months.

The Prime Minister directs government institutions to transition to a digital system within six months.

2025-04-27

Prime Minister Mohammed Shia al-Sudani has directed the digitization of several government institutions within six months, as part of Iraq’s efforts to digitalize and eliminate administrative red tape and paperwork. Adnan al-Arabi, Deputy Head of the Government Communications Team, stated that Prime Minister Mohammed Shia al-Sudani directed the importance of automating the Federation of Read more…

Recent US moves and the fate of the withdrawal from Iraq: a violation of sovereignty or a repositioning?

Recent US moves and the fate of the withdrawal from Iraq: a violation of sovereignty or a repositioning?

4-26-2025

Information/Report…
The agreement for the withdrawal of foreign forces, led by US forces, from Iraqi territory faces real challenges in terms of implementation, amid growing public and political anxiety due to the ambiguity and laxity in Read more…

Iraq: World Bank can support renewable energy, waste management, and metro projects

Iraq: World Bank can support renewable energy, waste management, and metro projects

2025-04-26 00:18

Shafaq News/ The Ministry of Finance reported on Saturday that an official delegation from the Iraqi government discussed global economic challenges, economic development, financial stability, and other related issues with the World Bank Group and the International Monetary Fund.

According to a statement issued by the ministry, Read more…

Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.

Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.

2025-04-26 00:02

Shafaq News/ Fitch Ratings confirmed on Saturday that the Iraqi banking sector is not affected by the decline in oil prices due to its lower credit rating.

The agency said in a report seen by Shafaq News Agency that “the indirect effects resulting from the decline in oil prices and weak global growth may lead to a decline in government spending, severely impacting banking Read more…

Rubio: An Iraq free of “malign influence” is vital to regional stability

Rubio: An Iraq free of “malign influence” is vital to regional stability

2025-04-26 01:19

Shafaq News/ US Secretary of State Marco Rubio reiterated on Saturday his country’s support for Iraq’s sovereignty, which preserves stability in the Middle East.

“A strong, stable, and sovereign Iraq, free from malign influence, is vital Read more…

The dinar is recovering and the dollar is declining. A government advisor reveals the reasons.

The dinar is recovering and the dollar is declining. A government advisor reveals the reasons.

2025-04-26 04:37

Shafaq News/ The Iraqi Prime Minister’s financial advisor, Mazhar Mohammed Salih, attributed the local currency’s recovery against the US dollar to several factors, including the use of electronic payment cards and foreign trade financing, on Saturday.

Saleh told Shafaq News Agency, “Any true economic system is governed by Read more…

Al-Sudani: All power plants will operate on Iraqi gas by the end of 2027.

Al-Sudani: All power plants will operate on Iraqi gas by the end of 2027.

2025-04-26 04:51

Shafaq News/ Prime Minister Mohammed Shia al-Sudani stated on Saturday that all power plants will operate on Iraqi gas by the end of 2027.

In a speech delivered today at a tribal conference, Al-Sudani said, “There is a sense of satisfaction with the government’s work, which has prioritized citizens Read more…

A contraction threatens Iraq with its “most severe” financial crisis in years.

A contraction threatens Iraq with its “most severe” financial crisis in years.

2025-04-26 06:14

Shafaq News/ The International Monetary Fund’s forecast of a 1.5% contraction in the Iraqi economy this year reflects the complex economic reality Iraq is currently experiencing, linked to several intertwined factors, most notably the volatility of oil prices and their decline to levels insufficient to achieve the required Read more…

Sheikh Raouf: The region did not stand in the way of passing the oil and gas law.

Sheikh Raouf: The region did not stand in the way of passing the oil and gas law.

4-25-2025

Information/Baghdad…
Patriotic Union of Kurdistan (PUK) member Burhan Sheikh Raouf confirmed that the Kurdistan Region will not stand in the way of passing the oil and gas law in parliament, noting that the law could be passed by relying on the parliamentary majority Read more…

Oil: Basra gas pipeline project reaches final stages

Oil: Basra gas pipeline project reaches final stages

4-25-2025

Information/Baghdad..
The Ministry of Oil announced on Friday that the completion rate of the Shatt al-Basra gas pipeline project has reached its final stages.

“Work on the gas pipeline project extending from Khor al-Zubair port to the connection point Read more…

Three solar panel production lines will soon enter service.

Three solar panel production lines will soon enter service.

4-25-2025

Information/Baghdad..
MP Baqir al-Saadi confirmed on Friday that three production lines will soon enter service producing solar panels as part of Iraq’s clean energy transition strategy.

Al-Saadi told Al-Maalouma, “Iraq’s strategy for transitioning Read more…

Prime Minister’s Advisor: Government Bonds Are a Better Investment Option Than Gold

Prime Minister’s Advisor: Government Bonds Are a Better Investment Option Than Gold

2025-04-25

The Prime Minister’s advisor, Mazhar Mohammed Saleh, confirmed on Friday that sovereign government bonds are available for investment through banking institutions, calling for diversifying investment portfolios by investing in government bonds instead of gold, as “local gold is Read more…

Iraqi Foreign Minister heads to the United States on an official visit

Iraqi Foreign Minister heads to the United States on an official visit

2025-04-25

Iraqi Foreign Minister Fuad Hussein departed for the United States on Thursday on an official visit to discuss several joint security and economic issues.

Fuad Hussein said in a post on Twitter: “We left Thursday, for the United States, where we will hold a series of bilateral meetings to strengthen Iraqi-American Read more…

Trump receives recommendation to extend US forces in Iraq until 2029

Trump receives recommendation to extend US forces in Iraq until 2029

2025-04-24 10:01

Shafaq News/ The New Line Institute, an American think tank specializing in political and military affairs, recommended that the Trump administration extend the presence of US forces in Iraq until 2029, warning of the danger of a sudden withdrawal to the capabilities of Iraqi security forces and efforts to Read more…