IRAQI DINAR POLITICS & ECONOMY

Prime Minister or Republic? Al-Tamimi reveals the most powerful position in Iraq

Prime Minister or Republic? Al-Tamimi reveals the most powerful position in Iraq

4-19-2025

Al-Maalouma / Baghdad
Legal expert Ali Al-Tamimi confirmed on Saturday that the political system in Iraq, according to the constitution, is based on a parliamentary system, which grants the Prime Minister broad executive powers as a representative of the people inside and outside Read more…

Including “liquidity shortages,” the Parliamentary Finance Committee explains the reasons for the delay in the 2025 budget schedules.

Including “liquidity shortages,” the Parliamentary Finance Committee explains the reasons for the delay in the 2025 budget schedules.

4-19-2025

Information / Exclusive:
Parliamentary Finance Committee member Mustafa Al-Karawi explained on Saturday the reasons for the delay in submitting the 2025 budget schedules. While he attributed this to a lack of liquidity and a lack of an economic vision, he noted that Read more…

Iraq: The second part of the submerged tunnel in Al-Faw Port is “seated.”

Iraq: The second part of the submerged tunnel in Al-Faw Port is “seated.”

2025-04-19 04:33

Shafaq News/ The General Company for Iraqi Ports announced on Saturday the completion of the installation of the second section of the submerged tunnel within the Grand Faw Port projects. The tunnel is 23 meters deep, under the Khor Al-Zubair navigation channel, with a water level of 12 meters Read more…

Al-Sadr responds to the President of the Republic regarding the elections and sends a message to the Iraqis.

Al-Sadr responds to the President of the Republic regarding the elections and sends a message to the Iraqis.

2025-04-18 03:14

Shafaq News/ On Friday, the leader of the Sadrist movement, Muqtada al-Sadr, responded to the President’s call to participate in the upcoming elections, stressing that not participating in the elections does not mean calling for their postponement or cancellation.

Al-Sadr said in a message received Read more…

“Estimated at $16 trillion,” a government advisor said. “Iraq ranks first in the world in terms of its concentration of natural resources.”

“Estimated at $16 trillion,” a government advisor said. “Iraq ranks first in the world in terms of its concentration of natural resources.”

4-18-2025

The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Friday that Iraq ranks ninth globally among countries rich in natural resources, while pointing to a move to invest in strategic minerals whose revenues rival those of oil .

The Prime Minister’s financial advisor, Mazhar Mohammed Salih, said in a statement to the official media, Read more…

Al-Karawi: Failure to send budget tables is a constitutional violation.

Al-Karawi: Failure to send budget tables is a constitutional violation.

4-18-2025

Information / Baghdad
Member of the Parliamentary Finance Committee, MP Mustafa Al-Karawi, confirmed on Friday that the government’s delay in sending the budget tables constitutes a clear violation of the provisions of Article (77/Second) of the Budget Law, calling on the House of Representatives to take its role in holding the government accountable Read more…

Omani Minister: Faw Grand Port is the region’s gateway to development

Omani Minister: Faw Grand Port is the region’s gateway to development

2025-04-18 03:41

Shafaq News/ Omani Minister of Transport, Communications and Information Technology, Said bin Hamoud Al Maawali, described it on Friday as “the region’s gateway to development.”

A Shafaq News Agency correspondent said that a high-level Omani delegation Read more…

From oil to budget to central bank decisions… Baghdad’s real estate market enters a “hibernation” phase.

From oil to budget to central bank decisions… Baghdad’s real estate market enters a “hibernation” phase.

2025-04-18 06:28

Shafaq News/ Real estate prices in the capital, Baghdad, continue to decline relatively, with some areas experiencing a stagnation. Economic experts attribute this to the direct relationship between fluctuating oil prices and the failure to approve the federal budget for the current year, in addition to Read more…

Al-Sudani: International companies are interested in establishing projects in Iraq.

Al-Sudani: International companies are interested in establishing projects in Iraq.

2025-04-18

Prime Minister Mohammed Shia al-Sudani confirmed on Thursday that international companies are interested in establishing tourism and hotel projects in Iraq.

Al-Sudani’s media office said in a statement that he received today the head of Read more…

What are the consequences of basing the budget on an oil price of $55?

What are the consequences of basing the budget on an oil price of $55?

4-17-2025

Information/Exclusive:
Economic analyst Abdul Rahman al-Mashhadani warned on Thursday of the repercussions of basing the oil price at $55 per barrel on the general budget law. He noted that this measure will lead to a financial deficit exceeding Read more…

New and fortified… The United States begins building trenches for its forces at Ain al-Asad base.

New and fortified… The United States begins building trenches for its forces at Ain al-Asad base.

4-17-2025

Al-Maalouma/Anbar..
A security source in Anbar province revealed, on Thursday, that US forces have begun the process of constructing fortified trenches for their forces inside the Al-Assad base building, west of Anbar.
The source said in a statement to Al-Maalouma agency, “The US forces stationed inside the Ain Al-Assad base building Read more…

Iraqi government banks suspend loans and advances

Iraqi government banks suspend loans and advances

2025-04-17 02:19

Shafaq News/ An informed source stated on Thursday that some government banks, including Rafidain Bank, have suspended granting loans and financial advances to citizens.

The source told Shafaq News Agency, “Some government banks, particularly Rafidain Bank, have stopped granting loans and advances so far, despite Read more…

Al-Sudani talks about Baghdad and the governorates’ readiness to receive international tourism companies.

Al-Sudani talks about Baghdad and the governorates’ readiness to receive international tourism companies.

2025-04-17 05:07

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani affirmed on Thursday that developing infrastructure in Baghdad and the governorates is necessary to prepare them to receive international tourism companies.

Al-Sudani’s media office said in a statement Read more…

Oman expresses its readiness to cooperate with Iraq in the fields of ports and airports.

Oman expresses its readiness to cooperate with Iraq in the fields of ports and airports.

2025-04-17 06:38

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani discussed on Thursday with the Omani Minister of Transport, Communications and Information Technology, Said bin Hamoud al-Maawali, developing cooperation in various fields. The latter expressed his country’s readiness to do so, especially in the ports Read more…

Ministry of Oil: New marine pipeline connects 3 strategic export ports

Ministry of Oil: New marine pipeline connects 3 strategic export ports

2025-04-17

The Ministry of Oil announced on Wednesday details of the third marine pipeline project, confirming that the project will enhance the export capacity of crude oil from the southern region, with a design capacity of 2 million and 400 thousand barrels per day, by linking three strategic Read more…

Economist: Financial debts have caused a liquidity crisis in government banks and the pension fund.

Economist: Financial debts have caused a liquidity crisis in government banks and the pension fund.

2025/04/16

Economic expert Salah Nouri confirmed on Wednesday the existence of a liquidity crisis at a number of government banks, including Rafidain and Rashd banks, in addition to the Trade Bank of Iraq and the Iraqi Employees’ Retirement Fund. He attributed the reason to the accumulation of internal debts at the Ministry of Finance as a result of its reliance on domestic borrowing Read more…

Al-Sudani announces his candidacy in the upcoming elections.

Al-Sudani announces his candidacy in the upcoming elections.

4-16-2025

Al-Maalouma/Baghdad..
Prime Minister Mohammed Shia al-Sudani announced today, Wednesday, his candidacy in the upcoming legislative elections scheduled for next November.
During his speech at the Ninth Sulaymaniyah Forum, followed by Al-Maalouma Agency, Al-Sudani said, Read more…

A parliamentarian discusses the date of the 2025 budget schedules’ arrival.

A parliamentarian discusses the date of the 2025 budget schedules’ arrival.

4-16-2025

Al-Maalomah/Baghdad..
Member of the Parliamentary Finance Committee, MP Mudhar Al-Karwi, confirmed on Wednesday that the 2025 budget tables will reach the committee within the next two weeks.
Al-Karwi told Al-Maalomah, “The 2025 budget tables have indeed been delayed, and were expected to arrive after the end of the Eid al-Fitr holiday, but Read more…

Al-Hassan: Iraq no longer needs a UN mission, and the next phase requires a new reality.

Al-Hassan: Iraq no longer needs a UN mission, and the next phase requires a new reality.

2025-04-16 02:12

Shafaq News/ The Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed al-Hassan, confirmed on Wednesday that Iraq is witnessing a qualitative shift in its political and security situation, which no longer requires the continued work of the United Nations Mission in Iraq (UNMIS). He called for preserving the gains achieved over the past years and Read more…

Nechirvan Barzani calls on Al-Sudani to activate the Article 140 Committee and thanks him for his efforts regarding Halabja.

Nechirvan Barzani calls on Al-Sudani to activate the Article 140 Committee and thanks him for his efforts regarding Halabja.

2025-04-16 01:27

Shafaq News/ Kurdistan Region President Nechirvan Barzani called on Prime Minister Mohammed Shia al-Sudani on Wednesday to activate Article 140 of the Constitution regarding the disputed areas between Erbil and Baghdad, while praising his role in establishing Read more…