IRAQI DINAR POLITICS & ECONOMY

Expert warns of consequences of oil smuggling after budget amendments implemented

Expert warns of consequences of oil smuggling after budget amendments implemented

2-19-2025

Al-Maalouma / Special..
Economic expert Mustafa Hantoush warned, on Wednesday, of the serious consequences of the continued smuggling of oil from the Kurdistan Region in light of the implementation of the new amendments to the budget law.
Hantoush said in a statement Read more…

Restructuring Iraqi banks.. A government plan to protect the financial sector

Restructuring Iraqi banks.. A government plan to protect the financial sector

2025/02/19

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, that the government and the monetary authority are working on a comprehensive reform of the national banking system, with the aim of enhancing its stability and protecting it from Read more…

Iraq hails Saudi Arabia’s hosting of US-Russia talks: important move for international peace

Iraq hails Saudi Arabia’s hosting of US-Russia talks: important move for international peace

2025-02-19

Shafaq News/ The Iraqi Ministry of Foreign Affairs expressed, on Wednesday, Baghdad’s welcome to the Kingdom of Saudi Arabia hosting the talks between the Russian Federation and the United States of America, stressing that this step represents an important move to enhance security and peace Read more…

TB Insight: US Government Drowning in Financial Corruption and Debt

TB Insight: US Government Drowning in Financial Corruption and Debt

2-18-2025

Information/ Translation..
A report by the American website, Tab Insight, confirmed on Tuesday that the US government is drowning in corruption, debts estimated at billions of dollars, and the control of the military-industrial complex, while the national security state that promotes fear has penetrated the depths of every American’s personal life, justifying Read more…

“Financial Deficit Document” Turns the Table… Will Baghdad Ask Washington for Help?

“Financial Deficit Document” Turns the Table… Will Baghdad Ask Washington for Help?

2025-02-18 02:17

Shafaq News/ A circulated document signed by the Iraqi Minister of Finance, Taif Sami, indicating the existence of a “large financial deficit” in the Iraqi state treasury, has raised questions, if true, about the possibility of Iraq requesting financial assistance from the United Nations and the United States of America, especially Read more…

Iraq is keen to complete the Grand Faw Port and complete the development path

Iraq is keen to complete the Grand Faw Port and complete the development path

2025-02-18

Prime Minister Mohammed Shia Al-Sudani stressed, today, Tuesday, Iraq’s keenness to complete the Grand Faw Port and complete the development path, as the Prime Minister’s media office in Bia stated that “the Prime Minister received the Secretary-General of the International Maritime Organization Read more…

The Ministry of Justice publishes the laws of personal status, general amnesty, and the return of properties to their owners in the Iraqi Gazette

The Ministry of Justice publishes the laws of personal status, general amnesty, and the return of properties to their owners in the Iraqi Gazette

2025-02-18

The Ministry of Justice announced today, Tuesday, the publication of the laws of personal status, general amnesty, and the return of real estate to its owners in the Iraqi Gazette. The ministry stated in a statement that “the new issue of the Iraqi Gazette, No. (4814), was issued, which included a number of laws, Read more…

Approval of the Oil and Gas Law: A Final Solution to Stop the Smuggling of the Region’s Oil and Protect Iraq’s Wealth

Approval of the Oil and Gas Law: A Final Solution to Stop the Smuggling of the Region’s Oil and Protect Iraq’s Wealth

2-17-2025

Information/Report…
The issue of smuggling oil from the Kurdistan Region remains a subject of wide controversy within political and popular circles, as it is raised from time to time, especially when discussing the annual federal budgets.

Reports indicate that the regional government is exploiting financial revenues away from federal oversight, while smuggling operations continue despite Read more…

State Bank Launches National Bonds Worth 2 Trillion Iraqi Dinars

State Bank Launches National Bonds Worth 2 Trillion Iraqi Dinars

2025-02-17

Shafaq News/ The government-owned Rafidain Bank announced, on Monday, the launch of national bonds (first issue) in the amount of (2) trillion dinars for the period from February 10 to March 10, 2025.

He said in a statement received by Shafak News Agency that this comes in line with the directives of the Ministry of Finance and the Central Bank of Iraq.

He explained that the bonds are divided into two categories: Read more…

Date set for resuming Kurdistan crude oil exports.. Iraqi Oil Minister: Gas investment projects are ongoing

Date set for resuming Kurdistan crude oil exports.. Iraqi Oil Minister: Gas investment projects are ongoing

2025-02-17 05:27

Shafaq News/ The Iraqi Minister of Oil, Hayan Abdul-Ghani, announced on Monday the implementation of several gas investment projects, and while calling on international companies to submit their offers to compete in the upcoming licensing rounds, he revealed that the resumption of the export of Kurdistan Region’s oil via the Turkish Ceyhan pipeline will be “within a week.”

Abdul Ghani said, during the opening of the Iraqi-British Businessmen Forum Read more…

48 summons and arrest warrants against ministers and those of similar rank during 2024

48 summons and arrest warrants against ministers and those of similar rank during 2024

2025-02-17 05:28

Shafaq News/ The Federal Integrity Commission disclosed, on Monday, its annual report on its overall “achievements” in the year 2024 in all of Iraq except the Kurdistan Region.

The Commission stated in a statement received by Shafaq News Agency that it was able to reveal the prevention of waste and preservation of nearly 950 billion Iraqi dinars and nearly Read more…

Al-Sudani inaugurates the Digital Transformation Center: It will reduce financial costs and fight corruption

Al-Sudani inaugurates the Digital Transformation Center: It will reduce financial costs and fight corruption

2025-02-17 03:39

Shafaq News/ Prime Minister Mohammed Shia Al-Sudani inaugurated the Digital Transformation and Automation Center on Monday, while stressing that the contact between the citizen and the employee is a source of procrastination, and digital transformation will overcome the most important obstacles, in addition to Read more…

State of Law calls on Parliament to follow up on Congressional reports on Washington’s funding of terrorist organizations

State of Law calls on Parliament to follow up on Congressional reports on Washington’s funding of terrorist organizations

2-16-2025

Al-Maalouma / Special..
Member of the State of Law Coalition, Imran Karkoush, commented on Sunday on the statements of the US Congressman who revealed reports confirming that the US government funds terrorism with an amount of up to 697 million dollars.
Karkoush said in a statement to / Al-Maalouma / Agency, that “this admission is not new,” noting that “many prominent American figures, such as Hillary Clinton Read more…

Shocking admission from Congress: America funded terrorism with $697 million

Shocking admission from Congress: America funded terrorism with $697 million

2-16-2025

Information/Follow-up..
US Congressman from Pennsylvania Scott Perry caused a huge uproar after admitting that America funded terrorism with $697 million.
Scott Perry said from inside Congress, “America is the main funder of groups like ISIS, Al-Qaeda, Boko Haram, ISIS Khorasan, Bin Laden and Read more…

IMO President: Iraq is developing and I stress joint cooperation with it

IMO President: Iraq is developing and I stress joint cooperation with it

2025-02-16 05:48

Shafaq News/ On Sunday, the President of the International Maritime Organization, Arsenio Dominguez, expressed his interest in the development taking place in Iraq, and while stressing his desire for joint cooperation, he extended an official invitation to the Iraqi Minister Read more…

Toyota first, Kia second.. Learn about the best-selling cars in Iraq

Toyota first, Kia second.. Learn about the best-selling cars in Iraq

2025-02-16 01:13

Shafaq News/ Toyota ranked first in car sales in Iraq in 2024, followed by Kia in second place and Hyundai in third place.

Focus 2 Move stated in a report reviewed by Shafaq News Agency that “the cumulative data for the year 2024 in terms of brand was Read more…

Iraqi Planning announces good news and notes “two dates” for announcing census results

Iraqi Planning announces good news and notes “two dates” for announcing census results

2025-02-16 03:59

Shafaq News/ The Iraqi Ministry of Planning announced on Sunday that the poverty rate in the country has declined as a result of the policies implemented by the government, while noting the date of announcing the final results of the general population and housing census.

The ministry’s spokesman, Abdul Zahra Al-Hindawi, told Read more…

Parliamentary Finance Committee hosts the Governor of the Bank regarding real estate and commissions

Parliamentary Finance Committee hosts the Governor of the Bank regarding real estate and commissions

2025-02-16 03:42

Shafaq News/ Member of the Parliamentary Finance Committee, Mustafa Sand, revealed on Sunday that the committee decided to host the governor of the Central Bank against the backdrop of recent decisions, while indicating that the date has not been set yet.

Sand told Shafaq News Agency, “The Parliamentary Finance Committee decided to Read more…

The President of the Republic approves the amendment of the budget law regarding the export of Kurdistan oil through SOMO

The President of the Republic approves the amendment of the budget law regarding the export of Kurdistan oil through SOMO

2025-02-16 01:54

Shafaq News/ Amanj Rahim, Secretary of the Kurdistan Region Council of Ministers, announced on Sunday that the President of the Republic of Iraq, Abdul Latif Jamal Rashid, approved the first amendment to the Iraqi federal budget law regarding the export of oil from the Kurdistan Region through the National Oil Marketing Company (SOMO).

Rahim stated in a post on social media today that the President of the Republic Read more…

Iraq’s oil exports to America fell sharply last week

Iraq’s oil exports to America fell sharply last week

2025-02-16

The US Energy Information Administration recorded a significant decline in Iraq’s oil exports to the United States of America during the past week. According to the schedule issued by the administration, which Shafaq News Agency reviewed, the average US imports of crude oil during the past week amounted to Read more…