IRAQI DINAR POLITICS & ECONOMY

Al-Zaydi’s office told Shafaq News: There will be no session to pass the budget today.

Al-Zaydi’s office told Shafaq News: There will be no session to pass the budget today.

2026-11-07

Shafaq News – Baghdad
The office of Iraqi Prime Minister Ali al-Zaidi confirmed that no session was held on Saturday regarding voting on the 2027 budget bill.

Another government source told Shafaq News Agency that there are disagreements regarding some items related to the Kurdistan Region’s budget, which have not yet been resolved. Read more…

Global agency: Banking operations in Iraq remain weak, and the economy is expected to contract in 2026.

Global agency: Banking operations in Iraq remain weak, and the economy is expected to contract in 2026.

2026-11-07

Shafaq News – Baghdad
The global credit rating agency Standard & Poor’s Global (S&P Global) predicted that banking operations in Iraq would continue to be weak, given the economic contraction during 2026, while anticipating a recovery in banking activity in conjunction with the recovery of the economy and its growth of 20% during 2027. Read more…

The rising dollar is driving up food prices in Baghdad, Erbil, and Basra; the Ministry of Trade is threatening those manipulating prices.

The rising dollar is driving up food prices in Baghdad, Erbil, and Basra; the Ministry of Trade is threatening those manipulating prices.

2026-11-07

Shafaq News – Baghdad
Prices of goods and commodities, especially food, have witnessed a significant increase. The “Iraq Future” Foundation for Economic Studies and Consultations noted this in three major cities, namely Baghdad, Erbil, and Basra, at varying rates. Meanwhile, the Ministry of Trade described this rise, under the pretext of the dollar exchange rate, as “unjustified” in many cases, stressing that it will not tolerate those who manipulate the people’s livelihood. Read more…

Oil Minister: Our production has reached 5 million barrels per day, and we are in talks with OPEC to increase exports.

Oil Minister: Our production has reached 5 million barrels per day, and we are in talks with OPEC to increase exports.

11-7-2026

Oil Minister Bassem Mohammed Khudair confirmed on Saturday that Iraq produces more than 5 million barrels per day, while noting that the Ministry of Oil is committed to the daily export ceiling imposed by OPEC, which is 4 million and 330 thousand barrels. The Oil Minister told the official agency that “Iraq produces more than five million barrels of oil per day,” pointing out that “there is a difference between production capacity and its export capacity Read more…

“Al-Maalomah” reveals intriguing details about the call between Al-Zaidi and Trump

“Al-Maalomah” reveals intriguing details about the call between Al-Zaidi and Trump

11-6-2026

Information/Sulaymaniyah..
A senior official in Sulaymaniyah province revealed details on Friday regarding the phone call that took place between Iraqi Prime Minister Ali Faleh al-Zaidi and US President Donald Trump amid escalating regional tensions. Read more…

A former member of the parliamentary finance committee confirms that there is exaggeration in the figures of next year’s budget.

A former member of the parliamentary finance committee confirms that there is exaggeration in the figures of next year’s budget.

11-6-2026

Information/Baghdad…
Former member of the Parliamentary Finance Committee, Mohammed al-Shabaki, confirmed that the figures allocated for financing the budget and the resulting deficit are exaggerated, noting that the government has placed itself in an embarrassing position with such a large budget.
Al-Shabaki told Al-Maalouma, “The government spoke of its intention to rationalize spending, address some shortcomings, and halt official delegations Read more…

Following Trump’s call, al-Zaidi receives Barack in Baghdad.

Following Trump’s call, al-Zaidi receives Barack in Baghdad.

2026-11-06

Shafaq News – Baghdad
Iraqi Prime Minister Ali al-Zaidi discussed with Tom Barrack, US President Donald Trump’s special envoy to Iraq, on Thursday evening the importance of intensifying diplomatic efforts to reduce tensions, contain crises, and prevent the spread of conflicts. Read more…

“No blood will be shed”: Pavel Talabani explains the reasons behind the Patriotic Union of Kurdistan’s withdrawal from the Kurdistan Regional Government.

“No blood will be shed”: Pavel Talabani explains the reasons behind the Patriotic Union of Kurdistan’s withdrawal from the Kurdistan Regional Government.

2026-11-06

Shafaq News – Sulaymaniyah
On Thursday, the head of the Patriotic Union of Kurdistan (PUK), Bafel Talabani, announced his party’s decision to withdraw from the Kurdistan Regional Government (KRG) and not to recognize the regional parliament session or any of its outcomes. He also hinted at forming parallel institutions in PUK-controlled areas, while simultaneously affirming his rejection of resorting to violence or bloodshed. Read more…

Anticipated changes in Iraq’s regional air corridors due to undeclared military activity

Anticipated changes in Iraq’s regional air corridors due to undeclared military activity

2026-11-06

Shafaq News – Baghdad
An informed source reported on Friday that temporary changes have been made to the air routes leading to Türkiye, Erbil, Sulaymaniyah and Kirkuk, due to military operations whose nature has not yet been revealed.

The source told Shafaq News Agency that the changes include adopting alternative air corridors to the current routes, with their implementation to begin at dawn on November 7 and continue until dawn on November 11. Read more…

“Institutionalizing” the coordination framework: an organizational transformation or a restriction on political maneuvering?

“Institutionalizing” the coordination framework: an organizational transformation or a restriction on political maneuvering?

2026-11-06

Shafaq News – Baghdad
Researchers and politicians within the Coordination Framework (which brings together the ruling Shiite political forces in Iraq) rule out the possibility of it transforming, at the present stage, into an institutional political entity with unified leadership and a stable internal system, given the divergence of visions among its components and the conflict of their interests, as well as fears that abandoning the current coordination formula will complicate decision-making mechanisms and reduce the margin of political maneuvering for the parties involved in it. Read more…

Ankara: Restarting the Kirkuk-Banias oil pipeline does not pose a threat to Turkey

Ankara: Restarting the Kirkuk-Banias oil pipeline does not pose a threat to Turkey

2026-11-06

Shafaq News – Ankara
Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on Friday that the possibility of restarting the Kirkuk-Banias oil pipeline does not pose a threat to the Turkish economy, and he expects joint offshore exploration between Turkey and Syria to take place in the future. Read more…

Iraqi discussions with NATO regarding regional security

Iraqi discussions with NATO regarding regional security

2026-11-06

Shafaq News – Special Translation
Iraq and NATO discussed their existing partnership and future cooperation, as well as regional security, according to a statement issued by the alliance on its website .

NATO reported, in a news item translated by Shafaq News Agency, that a high-level delegation from Iraq, headed by National Security Advisor Qasim al-Aboudi, visited the alliance’s headquarters in Brussels, where they met with allies and members of the alliance’s Read more…

MP reveals error in calculating dollar exchange rate in draft budget

MP reveals error in calculating dollar exchange rate in draft budget

11-5-2026

Information/Baghdad…
Member of Parliament Mohammed Araboud revealed on Thursday a major error in the calculation of the dollar exchange rate in the draft federal budget law, stressing that the issue of oil revenues and the fate of those funds represents a “perennial problem” that has yet to be resolved. Read more…

A member of parliament reveals that the government is making revisions and additions to the budget before submitting it.

A member of parliament reveals that the government is making revisions and additions to the budget before submitting it.

11-5-2026

Information/Baghdad…
Member of Parliament Jawad Rahim confirmed on Thursday that the parliament’s decision to extend its legislative session was aimed at awaiting the arrival of the draft federal budget law from the Council of Ministers and voting on it. He revealed that the government is currently making revisions and additions to the law’s schedules before sending it. Read more…

The Patriotic Union of Kurdistan decides to withdraw from the regional government

The Patriotic Union of Kurdistan decides to withdraw from the regional government

2026-11-05

Shafaq News – Sulaymaniyah
An informed source reported on Thursday that the leadership council of the Patriotic Union of Kurdistan (PUK) decided to withdraw from the regional government (the ninth cabinet), following disagreements over the legitimacy of the procedures that accompanied the session to reactivate parliament and elect its leadership. Read more…

Away from Hormuz… Al-Zaidi meets with companies that will extend oil pipelines to the Red Sea and the Mediterranean

Away from Hormuz… Al-Zaidi meets with companies that will extend oil pipelines to the Red Sea and the Mediterranean

2026-11-05

Shafaq News – Baghdad
Iraqi Prime Minister Ali al-Zaidi announced on Thursday that the government’s goal is to raise oil production to (10) million barrels per day, and to remove all obstacles to this project that supports development in the country and consolidates Iraq’s position in securing energy globally. Read more…

Customs: 21 international shipments completed via the TIR system and transported through Umm Qasr port

Customs: 21 international shipments completed via the TIR system and transported through Umm Qasr port

11-5-2026

Information/Baghdad…
The General Authority of Customs announced on Wednesday the completion of procedures for the transit of 21 international shipments using the (TIR) ​​system, and the completion of procedures for their transport by sea through the port of Umm Qasr. Read more…

Abdul Jabbar: Telecommunications companies’ debts are capable of addressing the liquidity crisis and securing salaries.

Abdul Jabbar: Telecommunications companies’ debts are capable of addressing the liquidity crisis and securing salaries.

11-5-2026

Information/Baghdad –
Member of Parliament Amer Abdul-Jabbar called on the government Thursday to address the outstanding debts owed by mobile phone companies to resolve the liquidity crisis and ensure the payment of employee salaries. He urged the government to consider replacing defaulting companies and not renewing their licenses to compel them to settle their debts. Read more…

Al-Daraji: Printing approximately 5 trillion Iraqi dinars in 50,000 dinar denominations

Al-Daraji: Printing approximately 5 trillion Iraqi dinars in 50,000 dinar denominations

11-5-2026

Information/Baghdad…
The Secretary-General of the “Kafa” Movement, Rahim al-Daraji, revealed today, Thursday, that approximately 5 trillion Iraqi dinars in 50,000 dinar denominations have been printed.
Al-Daraji stated in a post on his social media accounts, “According to a reliable source, Read more…

Al-Fatlawi: Baghdad will not allow Kurdistan to explode after the Democratic Party’s monopoly on power.

Al-Fatlawi: Baghdad will not allow Kurdistan to explode after the Democratic Party’s monopoly on power.

11-5-2026

Information/Special…
Ali Hussein al-Fatlawi, a leader in the Reconstruction and Development Coalition, confirmed on Thursday that Baghdad is dealing with the Kurdistan Region like a big brother in all the conflicts that occur there, noting that the region has been working against Sunni and Shiite forces, and even against Kurdish forces themselves. Read more…