IRAQI DINAR POLITICS & ECONOMY

Government Advisor: 2025 Budget Will Reach Parliament Before End of Ramadan

Government Advisor: 2025 Budget Will Reach Parliament Before End of Ramadan

2025-03-10 03:56

Shafaq News/ The Iraqi Prime Minister’s advisor for economic affairs confirmed on Monday that there is a government-parliamentary understanding regarding the 2025 budget, expecting it to reach parliament before the end of Ramadan.

Mazhar Mohammed Saleh told Shafaq News Agency that there is an understanding Read more…

Iraqi ports complete submerging the first part of the “submerged tunnel”

Iraqi ports complete submerging the first part of the “submerged tunnel”

2025-03-10 06:43

Shafaq News/ The Director of the General Company for Iraqi Ports, Farhan Al-Fartarsi, announced on Monday the completion of the process of submerging the first part of the submerged tunnel under the Khor Al-Zubair navigational canal, stressing that it is the first of ten parts to be submerged Read more…

Prime Minister receives phone call from US National Security Advisor, discusses deepening strategic partnership between the two countries

Prime Minister receives phone call from US National Security Advisor, discusses deepening strategic partnership between the two countries

2025-03-10

Prime Minister Mohammed Shia al-Sudani affirmed Iraq’s commitment to expanding economic relations with the United States, while the latter indicated that ending the exemption for electricity supplied from Iran is linked to the policy of maximum pressure, as the office stated in a statement that al-Sudani “received a phone call on Sunday evening from US National Security Advisor Michael Waltz, Read more…

Parliamentary Finance: The budget is technically ready and its delay may be deliberate

Parliamentary Finance: The budget is technically ready and its delay may be deliberate

3-9-2025

Information / Special..
Member of the Parliamentary Finance Committee, Moeen Al-Kazemi, called on the government today, Sunday, to expedite sending the budget tables for the year 2025 to Parliament, stressing that its delay may be deliberate, as happened last year.
Al-Kazemi explained Read more…

Iraq achieves “historic achievement” in olive oil production

Iraq achieves “historic achievement” in olive oil production

2025-03-09 00:20

Shafaq News/ The Iraqi Ministry of Agriculture announced, on Sunday, that it has achieved an increase in olive oil production rates during the year 2025.

The ministry said in a statement today that it “was able to obtain high oil percentages of 18% from different olive varieties such as: “Bakwal”, “Giraffa” and “Saint Catherine”, which is considered a historic achievement Read more…

$100 billion annually.. Iraq’s spending exceeds the 3 most powerful economies in the world

$100 billion annually.. Iraq’s spending exceeds the 3 most powerful economies in the world

2025-03-09 01:33

Shafaq News/ The head of the Iraq Future Foundation, Manar Al-Obaidi, revealed on Sunday the rate of Iraq’s revenues and spending during the last ten years. While he indicated that the country spends $100 billion annually, which is higher than the annual spending of three countries with strong economies, he pointed out Read more…

After suspending its sessions, the Iraqi parliament moved to dissolve it and hold early elections

After suspending its sessions, the Iraqi parliament moved to dissolve it and hold early elections

2025-03-09 04:43

Shafaq News/ Independent MP Hussein Al-Saabari revealed on Sunday that there is a tendency to dissolve the Iraqi parliament and hold early elections, if its sessions continue to be disrupted.

Al-Saabari told Shafaq News Agency, ” The lack of a legal quorum for the convening of the House of Representatives sessions caused us a problem and embarrassment, Read more…

Parliamentary Electricity: Stopping Iranian gas will cause Iraq to lose 8,000 megawatts

Parliamentary Electricity: Stopping Iranian gas will cause Iraq to lose 8,000 megawatts

2025-03-09 06:56

Shafaq News/ The Deputy Chairman of the Electricity Committee in the Iraqi Parliament, Walid Al-Sahlani, confirmed on Sunday that the interruption of Iranian gas will cause the loss of 8,000 megawatts from the country’s electricity system.

Al-Sahlani told Shafaq News Agency, ” Iraq needs 1,800 cubic meters of Iranian gas, and the interruption of this amount Read more…

Prime Minister’s Advisor: Investment Boosts Economic Growth, Keeps Iraq Away from Oil Price Fluctuations

Prime Minister’s Advisor: Investment Boosts Economic Growth, Keeps Iraq Away from Oil Price Fluctuations

2025-03-09

The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Salih, stated today, Sunday, that foreign investment constitutes an important step towards enhancing economic growth in Iraq, and isolates the country from the fluctuations of oil asset cycles and the problems of oil price fluctuations, explaining that linking Read more…

General Authority of Customs: 93% of the first phase of the automation project has been completed

General Authority of Customs: 93% of the first phase of the automation project has been completed

2025-03-09

The General Authority of Customs stated today, Sunday, that 93% of the first phase of the automation project has been completed, and indicated that the second phase is expected to be completed in mid-2026, stressing that the electronic Skoda system will enhance transparency and reduce corruption in customs work. The Director of the Customs Automation and Modernization Project Read more…

Iraq extradites suspects in ‘theft of the century’ from Kuwait

Iraq extradites suspects in ‘theft of the century’ from Kuwait

2025-03-08 05:22

Shafaq News/ The Iraqi Integrity Commission announced on Saturday the extradition of two of the accused in the case of stealing tax deposits, known in the media as the “theft of the century”, from the authorities in the State of Kuwait.

The Authority stated in a statement today that it was able to recover the managing director Read more…

Iraq budget data: Expenditure jumps, revenues decline, deficit increases

Iraq budget data: Expenditure jumps, revenues decline, deficit increases

2025/03/08

Financial data showed that Iraq’s total revenues for the period until the end of November 2024 amounted to 135.3 trillion dinars, compared to expenditures of 136.4 trillion dinars, recording a financial deficit of 1.1 trillion dinars.
Comparing the figures with the same period in 2023, oil revenues increased Read more…

Government spokesman: Iraq has not been informed of the end of exemptions on Iranian gas

Government spokesman: Iraq has not been informed of the end of exemptions on Iranian gas

2025-03-08

Iraqi government spokesman Bassem al-Awadi confirmed on Saturday that Iraq has not been officially notified of the end of exemptions on imported Iranian gas, noting that the government has developed multiple scenarios to confront any developments related to the import of Iranian gas. Al-Awadi explained that the relationship between Iraq and the United States is currently “calm”, and that the communication Read more…

Government Advisor: Only 83% of annual spending ceiling is spent, budget schedules before parliament soon

Government Advisor: Only 83% of annual spending ceiling is spent, budget schedules before parliament soon

2025/03/07

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the hypothesis of a partial deficit in the annual budget will depend on the efficiency of implementing operational and investment expenses.
Saleh told Al Furat News Agency that “historical data shows that spending efficiency Read more…

Parliamentarian: The budget tables have not reached the Finance Committee yet

Parliamentarian: The budget tables have not reached the Finance Committee yet

3-7-2025

Information / Baghdad..
Member of the Parliamentary Finance Committee, Yahya Al-Muhammadi, said today, Friday, that it was necessary to vote on the budget schedules for the year 2025 before the end of the fiscal year so that the ministries and governorates would have the full opportunity to Read more…

In conjunction with American pressures.. a final warning to the Ukrainian company developing the Iraqi “Akkas” gas field

In conjunction with American pressures.. a final warning to the Ukrainian company developing the Iraqi “Akkas” gas field

2025-03-07 02:13

Shafaq News/ The Parliamentary Oil and Gas Committee revealed, on Friday, that there is a delay in the work of the Ukrainian company operating the Akkas gas field, suggesting that the Iraqi government may issue a final warning to withdraw work from it .

The committee’s spokesman, Ali Shaddad, said in a statement Read more…

Iraqi Airways Close to Lifting EU Ban in 2025

Iraqi Airways Close to Lifting EU Ban in 2025

3-6-2025

Information/Baghdad …
The Ministry of Transport announced, today, Thursday, the continuation of implementing the requirements of the International Air Transport Association (IATA) as part of its efforts to lift the European ban imposed on Iraq.
The Ministry’s media office stated in a statement received by /Al-Maalouma/ agency, that “Iraqi Airways is working to obtain the (IOSA) program during 2025, Read more…

Parliamentary Committee Calls on Government to Refer Oil and Gas Law to Parliament Immediately

Parliamentary Committee Calls on Government to Refer Oil and Gas Law to Parliament Immediately

3-6-2025

Al-Maalouma / Special..
The Deputy Chairman of the Parliamentary Oil and Gas Committee, Adnan Al-Jaberi, called on the government today, Thursday, to expedite the referral of the Oil and Gas Law to the Council of Representatives, stressing that its legislation is an essential step to regulate Read more…

Al-Fayez: Al-Kazemi has no chance to return politically

Al-Fayez: Al-Kazemi has no chance to return politically

3-6-2025

Information / Special..
Representative Ammar Al-Fayez confirmed, today, Thursday, that former Prime Minister Mustafa Al-Kadhimi does not have any chance to return to the political scene, stressing that the accused in the “theft of the century” case will not be able to run for the upcoming parliamentary elections.

Al-Fayez told Al-Maalouma, “The general amnesty law does not include those Read more…

Kurdistan Oil.. Baghdad Meeting “Did Not Bring Anything New” Despite US Presence

Kurdistan Oil.. Baghdad Meeting “Did Not Bring Anything New” Despite US Presence

2025-03-06 06:59

Shafaq News/ Reuters revealed on Thursday that the meeting held in the Iraqi capital, Baghdad, regarding the resumption of Kurdistan Region oil exports ended without reaching an agreement.

The Iraqi Oil Ministry hosted talks aimed at accelerating the resumption of oil exports from the Kurdistan Region, after they were postponed until Read more…