IRAQI DINAR POLITICS & ECONOMY

Al-Sudani’s advisor: Kurdistan’s oil costs are behind the delay in sending budget schedules.

Al-Sudani’s advisor: Kurdistan’s oil costs are behind the delay in sending budget schedules.

2025-04-16 04:26

Shafaq News/ The financial and economic advisor to the Prime Minister, Mazhar Mohammed Salih, revealed on Wednesday the reasons for the delay in sending the 2025 budget tables to the Council of Representatives until now, stressing that the matter relates to amendments related to Read more…

Relations between Washington, Baghdad, and Erbil are on the agenda of Nechirvan Barzani and a US official.

Relations between Washington, Baghdad, and Erbil are on the agenda of Nechirvan Barzani and a US official.

2025-04-16 06:13

Shafaq News/ Kurdistan Region President Nechirvan Barzani discussed on Wednesday with US Deputy Assistant Secretary of State Victoria Taylor relations between the United States, Iraq, and the Kurdistan Region, in addition to discussing relations between Erbil and Baghdad and the situation Read more…

Parliamentary Finance Committee warns against not adjusting the price of a barrel of oil in the budget

Parliamentary Finance Committee warns against not adjusting the price of a barrel of oil in the budget

2025-04-16 06:38

Shafaq News/ The Parliamentary Finance Committee warned on Wednesday against adjusting the price of a barrel of oil in the Iraqi federal general budget due to the decline in global oil prices.

Committee member Jamal Kocher told Shafaq News Agency, “The price of a barrel of oil was set in the general budget law at Read more…

Corruption, Mismanagement, Unemployment, and Poverty in Iraq: A Comprehensive Economic Analysis and a Path to Solution

Corruption, Mismanagement, Unemployment, and Poverty in Iraq: A Comprehensive Economic Analysis and a Path to Solution

4-16-2025

Researcher Shaza Khalil*
More than two decades after the US invasion in 2003, Iraq continues to face a series of interconnected structural challenges that hinder its economic and social development. These challenges include widespread financial and administrative corruption, chronic mismanagement, high unemployment rates, and increasing Read more…

MP Mukhtar al-Moussawi: More than 50 MPs have been absent since the beginning of the session.

MP Mukhtar al-Moussawi: More than 50 MPs have been absent since the beginning of the session.

2025-04-16

MP Mukhtar al-Moussawi issued a scathing warning on Tuesday (April 15, 2025) regarding the absence of more than 50 MPs from parliamentary sessions since the start of the current parliamentary session, referring to a phenomenon he described as “exceptional” and unprecedented, even in comparison to Read more…

Ports Director: We will adopt modern navigation equipment to operate the Grand Faw Port.

Ports Director: We will adopt modern navigation equipment to operate the Grand Faw Port.

2025-04-15

Director General of Iraqi Ports, Farhan Al-Fartousi, announced on Tuesday that the Grand Faw Port will be operational in the coming period after it has been equipped with modern navigation equipment. Al-Fartousi stated in a press conference that “the technical director of the International Read more…

Financial expert: The collapse in oil prices threatens Iraq’s budget and requires diversifying the economy.

Financial expert: The collapse in oil prices threatens Iraq’s budget and requires diversifying the economy.

4-15-2025

Al-Maalouma/Baghdad..
Financial and banking researcher Mustafa Hantoush confirmed on Tuesday that Iraq has been directly affected by US tariffs, as it has imports estimated at nearly two billion dollars, warning of wider economic repercussions in light of the disruptions Read more…

Al-Sudani’s advisor: Annual returns from investing reserves are no less than $2 billion.

Al-Sudani’s advisor: Annual returns from investing reserves are no less than $2 billion.

2025-04-15 03:05

Shafaq News/ The Prime Minister’s advisor for financial affairs, Mazhar Mohammed Salih, confirmed on Tuesday that the “annual returns” from investing foreign reserves are no less than two billion dollars, according to his estimates.

“These investments are often short-term and directed toward US, European, or Read more…

Parliament expresses surprise at the government’s delay in submitting the 2025 budget schedules.

Parliament expresses surprise at the government’s delay in submitting the 2025 budget schedules.

2025-04-15 05:29

Shafaq News/ The Finance Committee of the Iraqi Parliament expressed surprise on Tuesday at the government’s delay in submitting the 2025 budget schedules to the parliament, despite previous promises.

Committee member Saad al-Nubi told Shafaq News Agency, “The Parliamentary Finance Committee recently hosted both Minister of Planning Read more…

Jordanian Electricity: The interconnection project with Iraq is nearing completion, with a capacity of 200 megawatts.

Jordanian Electricity: The interconnection project with Iraq is nearing completion, with a capacity of 200 megawatts.

2025-04-15 05:34

Shafaq News/ The Director General of the Jordanian National Electric Power Company, Sufyan Batayneh, revealed on Tuesday the progress of work on the second phase of the electricity interconnection project between Jordan and Iraq, while confirming that it has almost reached the final stages.

In statements to the Jordanian News Agency Read more…

Iran informs Iraq of its negotiations with the United States, and Baghdad affirms its support for any effort that contributes to regional stability.

Iran informs Iraq of its negotiations with the United States, and Baghdad affirms its support for any effort that contributes to regional stability.

2025-04-15

Foreign Minister Fuad Hussein received a phone call on Monday from Iranian Foreign Minister Abbas Araqchi, who briefed him on the latest developments in the Iranian-American negotiations.

A Foreign Ministry statement said that Read more…

Who controls the dollar exchange rate now? A parliamentarian answers.

Who controls the dollar exchange rate now? A parliamentarian answers.

2025-04-14 | 06:13

Alsumaria NewsEconomy
Member confirmed Finance Committee Mustafa Al-Karawi Today, Monday, the current controlling factor for the dollar exchange rate is foreign remittances.

Al-Karawi told Sumaria News, “There are still large gaps in this process, and we notice the presence of hard currency in local markets in large quantities that do not Read more…

“Dismissal of the Speaker of Parliament” is the first parliamentary action after today’s session.

“Dismissal of the Speaker of Parliament” is the first parliamentary action after today’s session.

2025-04-14 06:51

Shafaq News/ The Sadiqoun parliamentary bloc announced on Monday its intention to move to dismiss the Speaker of Parliament due to “the inappropriate management of today’s session.”

Adel al-Rikabi, a member of the bloc, told Shafaq News Agency, “The Sadiqoun bloc will move to dismiss the speaker of the House of Representatives due to Read more…

Rafidain Bank announces the start of disbursing the first year’s interest on the first reconstruction bonds.

Rafidain Bank announces the start of disbursing the first year’s interest on the first reconstruction bonds.

2025-04-14

Rafidain Bank stated in a statement, “Based on Rafidain Bank’s commitment to its pledges to investors and citizens who support the reconstruction and development process, we are pleased to inform you that the first-year interest payments on the first issuance of reconstruction bonds will begin on Read more…

Members of the US Congress praise the successes achieved by the Iraqi government.

Members of the US Congress praise the successes achieved by the Iraqi government.

2025-04-13

Members of the US Congress on Sunday praised the successes achieved by the Iraqi government.

According to a statement from the Prime Minister’s media office, “Members of the US Congress, during their meeting with Prime Minister Read more…

Al-Mashhadani asks a US delegation to activate “vital provisions” of the Strategic Framework Agreement.

Al-Mashhadani asks a US delegation to activate “vital provisions” of the Strategic Framework Agreement.

2025-04-13 08:19

Shafaq News/ Parliament Speaker Mahmoud al-Mashhadani stressed on Sunday the importance of activating the provisions of the Strategic Framework Agreement with the United States, particularly in the areas of developing the Iraqi economy and investing in Read more…

Completion rates for Faw Port projects revealed

Completion rates for Faw Port projects revealed

2025-04-12 09:42

Shafaq News/ The General Company for Iraqi Ports announced on Saturday that it has achieved advanced completion rates in major projects related to the Grand Faw Port.

The company’s general manager, Farhan Al-Fartousi, told Shafaq News Agency, “The completion rate of the five-berth project for the Grand Faw Port has reached Read more…

Al-Sudani stresses the importance of private sector projects receiving support from the World Bank.

Al-Sudani stresses the importance of private sector projects receiving support from the World Bank.

4-13-2025

Al-Maalouma/Baghdad..
Prime Minister Mohammed Shia Al-Sudani stressed on Sunday the importance of private sector projects receiving support from the World Bank.
The Prime Minister’s media office said in a statement received by Al-Maalouma Agency that “Prime Minister Mohammed Shia Al-Sudani received the World Bank’s Vice President Read more…

“Made in Iraq”… What’s hindering its return to the local market?

“Made in Iraq”… What’s hindering its return to the local market?

2025-04-13 03:07

Shafaq News/ With imported goods of all kinds dominating local markets, the phrase “Made in Iraq” on products has become extremely rare, despite having reached the global market decades ago.

For decades, Iraq has been experiencing a state of stagnation and complete Read more…

Türkiye plans to extend new gas and oil pipelines to Iraq.

Türkiye plans to extend new gas and oil pipelines to Iraq.

2025-04-13 02:55

Shafaq News/ Turkey has proposed building new pipelines to transport oil and natural gas from Iraq’s resource-rich Basra region to the Mediterranean port of Ceyhan, a move aimed at enabling Baghdad to export greater quantities of its crude oil to markets and bolstering Read more…