IRAQI DINAR POLITICS & ECONOMY

A high-level US trade delegation is expected to visit Iraq. Here are the details.

A high-level US trade delegation is expected to visit Iraq. Here are the details.

2025-04-06 | 03:21

Waiting policy Iraq Visit of a high-level US trade delegation consisting of representatives from Ministry of Commerce American and a number of major American companies operating in various economic sectors, as part of strengthening economic and trade relations between the two countries.

The advisor pointed out prime minister Iraqi Foreign Relations, Read more…

Iraq’s gold reserves decline after it sells bullion on the local market.

Iraq’s gold reserves decline after it sells bullion on the local market.

2025-04-05 23:37

Shafaq News/ The World Gold Council announced on Sunday that Iraq’s gold reserves decreased by 100 kilograms.

According to the latest schedule published by the Council in April, seen by Shafaq News Agency, “Iraq’s gold holdings decreased Read more…

The Iraqi Oil Ministry completes the project to connect 28,000 tankers to the GPRS system.

The Iraqi Oil Ministry completes the project to connect 28,000 tankers to the GPRS system.

2025-04-06 06:12

Shafaq News/ The Oil Products Distribution Company, a subsidiary of the Iraqi Ministry of Oil, announced on Sunday the completion of a project to connect tankers to the GPRS (tank tracking system), after including more than 28,000 government and private tankers in the project.

The company’s general manager, Read more…

Parliamentarians are pessimistic about the oil and gas law being passed: it will be postponed until the next session.

Parliamentarians are pessimistic about the oil and gas law being passed: it will be postponed until the next session.

2025-04-06 06:31

Shafaq News/ The Oil and Gas Committee of the Iraqi Parliament confirmed on Sunday that disagreements between the federal government and the Kurdistan Regional Government regarding the oil and gas law continue, suggesting that it will likely be postponed to the next parliamentary session in light of Read more…

Tehran warns Iraq and five other countries: You will be within our range.

Tehran warns Iraq and five other countries: You will be within our range.

2025-04-06 06:49

Shafaq News/ Tehran warned Iraq and five other countries in the region on Sunday that they would be “within its range” if Washington used its airspace to launch a military strike.

A senior Iranian official told Reuters that his country opposes US demands for direct negotiations on its nuclear Read more…

MP Salem Ibrahim expects the 2025 general budget tables to be sent next week.

MP Salem Ibrahim expects the 2025 general budget tables to be sent next week.

2025-04-06

MP Salem Ibrahim confirmed, on Saturday (April 5, 2025), that there are no political forces or blocs obstructing the submission of the 2025 general budget tables, expecting that the tables will be sent to Parliament during Read more…

Surprise: Saudi anger at Iraq behind OPEC+ decision and falling oil prices

Surprise: Saudi anger at Iraq behind OPEC+ decision and falling oil prices

2025-04-05

Shafaq News/ Reuters revealed on Friday the reasons behind the OPEC+ alliance’s decision to increase production by 411,000 barrels per day in May. This decision pushed oil prices to extend their previous sharp losses, followed by their first sharp decline since 2021.

Reuters quoted three sources in the OPEC+ alliance as saying that “Saudi Arabia’s anger at Iraq, Kazakhstan, and other countries Read more…

US tariffs ignite confrontation: Will Iraq enter a trade war to protect its rentier economy?

US tariffs ignite confrontation: Will Iraq enter a trade war to protect its rentier economy?

4-5-2025

Information / Special..
In light of the recent US decisions to raise customs tariffs on imports from several countries, attention is turning to Iraq, which relies heavily on a rentier economy, to determine how it will deal with this new wave of protectionist policies, especially in light of its intertwined economic interests with the United States and Read more…

Erbil celebrates the 94th anniversary of the issuance of the first Iraqi currency

Erbil celebrates the 94th anniversary of the issuance of the first Iraqi currency

2025-04-05 01:05

Shafaq News/ The Education Museum in Erbil, the capital of the Kurdistan Region, held a special event on Saturday to mark the 94th anniversary of the issuance of the first Iraqi currency, with a large educational and cultural presence.

The ceremony included a display of a wide range of ancient Iraqi coins, documenting the political and economic transformations Read more…

Iraq exports more than $7 billion annually to the United States.

Iraq exports more than $7 billion annually to the United States.

2025-04-05 02:10

Shafaq News/ The US Bureau of Commerce revealed that Iraqi exports to the United States amounted to more than $7 billion annually.

The office stated in statistics reviewed by Shafaq News Agency that “the value of Iraqi exports of goods to the United States amounts to an average of 7 billion and Read more…

Advisor to the Prime Minister for Financial Affairs: 95 trillion dinars are outside banks.

Advisor to the Prime Minister for Financial Affairs: 95 trillion dinars are outside banks.

2025-04-05

The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh, stated on Saturday that expanding the use of digital payment systems and e-commerce opens the way for providing low-cost loans to citizens and contributes to reducing reliance on dangerous and illegal parallel markets. Saleh stated in a statement that “the positive steps in activating Read more…

Prime Minister: Iraq’s interest comes first, and its future cannot be mortgaged to oil alone.

Prime Minister: Iraq’s interest comes first, and its future cannot be mortgaged to oil alone.

2025-04-05

Iraqi Prime Minister Mohammed Shia al-Sudani stressed that there were hasty voices trying to drag Iraq into war, stressing that the interests of Iraq and Iraqis are the government’s priority in its work. He added that Iraq cannot remain hostage to oil alone, especially since it has other important components such as Read more…

With oil prices rapidly declining, a member of the parliamentary finance committee calls for amending the budget schedules.

With oil prices rapidly declining, a member of the parliamentary finance committee calls for amending the budget schedules.

2025/04/04

Jamal Kocher, a member of the Parliamentary Finance Committee, stressed the need to reconsider the 2025 budget schedule if oil prices continue to fall below $70 per barrel.
Kocher explained to Al Furat News Agency, “This matter depends on the price estimated in the budget, indicating that Read more…

One of them is “historic” and relates to electricity. Iraq is about to sign new agreements with the United States.

One of them is “historic” and relates to electricity. Iraq is about to sign new agreements with the United States.

2025-04-04 02:31

Shafaq News/ Farhad Alaa Al-Din, the advisor to the Iraqi Prime Minister for Foreign Affairs, said that there is a “unique opportunity” for Baghdad and Washington to “deepen their partnership to enhance regional security, economic integration, and long-term stability.” He revealed that a large delegation of American companies will arrive in the Iraqi capital next Read more…

Al-Sudani: Iraq is witnessing an unprecedented phase of reconstruction and development.

Al-Sudani: Iraq is witnessing an unprecedented phase of reconstruction and development.

2025-04-04

Prime Minister Mohammed Shia al-Sudani said on Friday, April 4, 2025, that: “Iraq is witnessing an unprecedented phase of reconstruction and development.”

During his meeting today with a group Read more…

Revealing the date for the 2025 budget tables to reach Parliament.

Revealing the date for the 2025 budget tables to reach Parliament.

2025-04-04

Member of Parliament Adnan Al-Jaberi revealed, today, Friday (April 4, 2025), the date for the arrival of the current year’s budget schedules to Parliament.

Al-Jabri said in a press interview that “the Council of Ministers will discuss the budget schedules and send them to Parliament,” indicating that Read more…

Al-Sudani’s advisor: Iraq’s energy exports are not affected by Trump’s tariffs.

Al-Sudani’s advisor: Iraq’s energy exports are not affected by Trump’s tariffs.

2025-04-04

The Prime Minister’s advisor for foreign relations, Farhad Alaaldin, confirmed on Thursday that Iraq’s energy exports are not covered by the tariffs imposed by US President Donald Trump.

Alaa Al-Din said in a press statement that “Iraq’s energy exports, including Read more…

Iraq takes a calm stance on the US tariff increase.

Iraq takes a calm stance on the US tariff increase.

2025/04/03

In the face of the aggressive trade policies adopted by the administration of US President Donald Trump, Iraq has taken a calm stance, minimizing the direct economic impact of the decision to raise customs duties by Read more…

Iraqi ports complete backfilling of areas in the container yard at the Grand Faw Port.

Iraqi ports complete backfilling of areas in the container yard at the Grand Faw Port.

2025-04-03 07:38

Shafaq News/ The Iraqi General Company for Ports announced on Thursday the completion of the reclamation of flooded areas within the container yard construction project, which is considered one of the most important projects Read more…

Al-Gharibawi: There is currently no political movement to pass the oil and gas law.

Al-Gharibawi: There is currently no political movement to pass the oil and gas law.

4-3-2025

Al-Maalouma / Exclusive..
Member of the Parliamentary Oil and Gas Committee, Basem Al-Gharibawi, confirmed today, Thursday, that the Oil and Gas Law will not witness any political movement to pass it during the current legislative session.
Al-Gharibawi told Al-Maalouma News Agency, “The Oil and Gas Law will Read more…