IRAQI DINAR POLITICS & ECONOMY

The government completes the budget schedules amid a deficit that affects jobs and services in Iraq.

The government completes the budget schedules amid a deficit that affects jobs and services in Iraq.

2025-03-29 04:07

Shafaq News/ A government source reported on Saturday that the general budget schedules have been completed and will be submitted to the House of Representatives after the Eid al-Fitr holiday. The source indicated that it will be approximately Read more…

Al-Sudani: Our government has been able to achieve actual progress in many service projects.

Al-Sudani: Our government has been able to achieve actual progress in many service projects.

2025-03-29

Prime Minister Mohammed Shia al-Sudani confirmed that his government has achieved practical success in many service projects.

Al-Sudani said in a televised interview: “Services are a priority of the government’s program, and they came in accordance with a planned vision and the need of each Read more…

Rafidain Bank determines branches to work on Saturdays and Sundays to disburse financial dues.

Rafidain Bank determines branches to work on Saturdays and Sundays to disburse financial dues.

3-28-2025

Information/Baghdad…
On Friday, Rafidain Bank designated branches to operate on Saturdays and Sundays to disburse financial dues to outlet owners and receive revenues from petroleum products and gas stations.

The bank’s media office stated in a statement received Read more…

Iraq agrees with the World Bank to allocate $18.5 million for clean energy.

Iraq agrees with the World Bank to allocate $18.5 million for clean energy.

3-28-2025

Information/Baghdad..
The Ministry of Environment confirmed on Friday an agreement with the World Bank to allocate $18.5 million to improve the electricity transmission and distribution sectors.

Ministry of Environment spokesman Louay al-Mukhtar said, “Some of the projects announced by the Ministry of Electricity have important Read more…

An Iraqi bank raises its capital to more than half a trillion dinars.

An Iraqi bank raises its capital to more than half a trillion dinars.

3-28-2025

The General Assembly of the National Bank of Iraq (NBI) approved, in its annual meeting, the Board of Directors’ recommendation to increase the bank’s capital from 400 billion dinars to 520 billion dinars, representing 30% of the capital, and distribute the increase as free shares to shareholders, in addition to a 20% cash dividend Read more…

Mr. Muqtada al-Sadr: I will not participate in the electoral process as long as corruption exists.

Mr. Muqtada al-Sadr: I will not participate in the electoral process as long as corruption exists.

2025/03/28

Shiite National Movement leader Muqtada al-Sadr announced on Thursday that he will not participate in the parliamentary elections scheduled for November 25.

Al-Sadr’s remarks came in response to a question about the role of the members of the Shiite National Movement in the midst of preparations for the upcoming elections. He said, “Praise be to God who saved us from the corrupt people, Read more…

Al-Sudani: There is no American request to permanently dissolve the Popular Mobilization Forces, and Iraq’s account in the Federal Reserve is not subject to guardianship.

Al-Sudani: There is no American request to permanently dissolve the Popular Mobilization Forces, and Iraq’s account in the Federal Reserve is not subject to guardianship.

2025/03/28

Prime Minister Mohammed Shia al-Sudani confirmed that the US Treasury informed him that Iraq’s progress on the dollar issue “represents a revolution we’ve been dreaming of,” announcing the imminent launch of the most important plan to reform the private banking sector in the country’s history.
Al-Sudani said in a press statement that “Iraq’s account with the US Federal Reserve Read more…

An emergency plan has been put in place to increase oil and gas production in the Nasiriyah field in southern Iraq.

An emergency plan has been put in place to increase oil and gas production in the Nasiriyah field in southern Iraq.

2025-03-28 03:46

Shafaq News/ Dhi Qar Oil Company announced on Friday an emergency plan to increase crude and gas production to 70,000 barrels per day, and gas production to 30 million standard cubic feet.

The company stated in a statement received Read more…

Iraqi Ports Authority discusses operating mechanisms for the Grand Faw Port with the American company KBR.

Iraqi Ports Authority discusses operating mechanisms for the Grand Faw Port with the American company KBR.

2025-03-27

Shafaq News/ The General Company for Iraqi Ports announced on Wednesday that a meeting was held at the Ministry of Transport headquarters with representatives from the American company KBR, in the presence of representatives from the Ministry of Planning, to discuss the mechanisms for the actual transition to operating the Grand Faw Port after Read more…

Iraq’s oil wealth: staggering numbers and unprecedented ambitions

Iraq’s oil wealth: staggering numbers and unprecedented ambitions

3-27-2025

Sky News Arabia – Abu Dhabi
Iraq possesses one of the world’s largest oil and gas reserves, ranking second in OPEC oil production. Its proven oil reserves amount to 148 billion barrels, valued at $10.6 trillion, while its natural gas reserves reach 132 trillion cubic feet, currently valued at Read more…

No projects or appointments: the most prominent features of the 2025 budget

No projects or appointments: the most prominent features of the 2025 budget

2025-03-27 | 09:29

Member confirmed Finance Committee Mustafa Al-Karawi Today, Thursday, the 2025 budget will not include any new projects or appointments.

Al-Karawi said in a statement to: Alsumaria News “There is a significant delay in financing investment projects, and therefore a directive and preliminary decision Read more…

Iraq establishes private company to manage development road project

Iraq establishes private company to manage development road project

2025-03-27 03:47

Shafaq News/ The Higher Committee for the Development Road Project, headed by Iraqi Prime Minister Mohammed Shia al-Sudani, announced on Thursday the establishment of a private company to manage the project.

His media office said in a statement received Read more…

The Minister of Planning announces the completion of the preparation of the budget tables and their submission to the Council of Ministers.

The Minister of Planning announces the completion of the preparation of the budget tables and their submission to the Council of Ministers.

2025/03/26

Minister of Planning, Mohammed Tamim, announced today, Wednesday, the completion of the 2025 budget tables and their submission to the Council of Ministers.
Tamim said in a press statement, “The budget schedules do not include any new Read more…

MP: America has no other means of pressuring Iraq than economic means.

MP: America has no other means of pressuring Iraq than economic means.

3-26-2025

Al-Maalouma/Baghdad…
Member of Parliament Amer Hussein confirmed on Wednesday that America has no other cards than the economic card and financial pressures to confront Iraq with in order to exert pressure and achieve its goals.
Hussein told / Al-Maalouma /, “America has no other cards than the economic Read more…

Parliament suspended due to political disagreements: A legislative crisis threatens important laws.

Parliament suspended due to political disagreements: A legislative crisis threatens important laws.

3-26-2025

Information/Report..
The Iraqi Parliament is facing a deepening crisis due to ongoing political disputes that are preventing its sessions from convening, delaying the passage of vital laws that impact citizens’ lives. Amid escalating accusations among political forces, MPs are warning of the danger this continued obstruction poses Read more…

Al-Saadi reveals a government plan to localize the solar panel industry in five governorates.

Al-Saadi reveals a government plan to localize the solar panel industry in five governorates.

3-26-2025

Information/Baghdad…
Parliamentary Services Committee member Baqir al-Saadi revealed on Wednesday a government plan to localize the solar panel industry in five Iraqi governorates, including the capital, Baghdad, as part of a strategy to promote reliance on clean energy.

Al-Saadi told Al-Maalouma that “the government’s efforts to formulate Read more…

Iraq signs a contract with BP to develop and produce the four Kirkuk oil fields.

Iraq signs a contract with BP to develop and produce the four Kirkuk oil fields.

2025-03-26 04:09

Shafaq News/ Prime Minister Mohammed Shia al-Sudani sponsored, on Wednesday, the signing ceremony of a contract between the Ministry of Oil and the British company (BP), regarding the project to develop and produce the four oil fields in Kirkuk, which are: Read more…

The Iraqi government’s decision to borrow: economic analysis and implications

The Iraqi government’s decision to borrow: economic analysis and implications

3-26-2025

In an attempt to address the growing fiscal deficit and finance its massive infrastructure projects, the Iraqi government has decided to issue bonds worth 3 trillion dinars (approximately $2.3 billion), directed to local banks. This decision has sparked widespread debate about the current economic situation in Iraq, the pressures on its budget, and the government’s strategies to Read more…

Transfer of large numbers of US forces from Kuwait to Al-Asad base

Transfer of large numbers of US forces from Kuwait to Al-Asad base

3-25-2025

Information/Anbar…
A security source in Anbar province revealed on Tuesday that US forces have transferred a large number of their troops stationed in Kuwait to Ain al-Asad base in western Anbar.

The source told Al-Maalouma, “The Ain al-Assad air base in the al-Baghdadi area Read more…

Al-Mandlawi: Iraq is witnessing stability and has an attractive environment for investments.

Al-Mandlawi: Iraq is witnessing stability and has an attractive environment for investments.

3-25-2025

Information/Baghdad…
First Deputy Speaker of Parliament Mohsen al-Mandalawi affirmed on Tuesday that Iraq is interested in developing its relations with its brothers, neighbors, and friends. He also stated that Iraq invites reputable companies to invest in Iraq and benefit from its internal stability and attractive Read more…