IRAQI DINAR POLITICS & ECONOMY

Finance Minister stresses Iraq’s keenness to strengthen economic relations with Japan

Finance Minister stresses Iraq’s keenness to strengthen economic relations with Japan

2025-01-30

Finance Minister Taif Sami stressed Iraq’s keenness to strengthen economic relations with Japan.

A statement by the Ministry of Finance stated: “Sami received, today, Thursday, at the ministry’s headquarters, the new Japanese ambassador to Iraq, Akira Endo, and during the meeting, ways to Read more…

Prime Minister: World Bank is an important partner in reform processes

Prime Minister: World Bank is an important partner in reform processes

01/29/2025

Prime Minister Mohammed Shia al-Sudani considered the World Bank an important partner in the reform process.

This came during his reception yesterday, Tuesday, of the World Bank Vice President for the Middle East and North Africa, Read more…

Energy expert calls for Iraq to be freed from OPEC deal as oil prices fall

Energy expert calls for Iraq to be freed from OPEC deal as oil prices fall

2025/01/29

Energy expert, Nabil Al Marsomi, called for Iraq to be freed from the OPEC agreement with the decline in oil prices.

Al-Marsoumi said, during his appearance on the {Free Talk} program broadcast by Al-Furat satellite channel this evening, that: “Iraq is still suffering from a single income, as 89% of its revenues depend on oil, despite achieving partial development Read more…

Economist explains ways to end the financial conflict between Baghdad and Erbil

Economist explains ways to end the financial conflict between Baghdad and Erbil

1-29-2025

Information/Baghdad…
Economic expert Dr. Safwan Qusay explained the mechanism for ending the financial conflict between Baghdad and Erbil, pointing out the importance of linking revenue outlets to the federal government and organizing them with financial accounts linked to Read more…

Parliamentary Legal: Amending and passing the budget requires political consensus

Parliamentary Legal: Amending and passing the budget requires political consensus

1-29-2025

Information / Baghdad..
Member of the Parliamentary Legal Committee, MP Mohammed Anouz, confirmed on Wednesday that there is difficulty in passing the amendment to the budget law for the region’s oil, due to the presence of parliamentary objections from many MPs, most notably the Front of Read more…

Expert: Failure to stop oil smuggling puts us in serious economic dangers

Expert: Failure to stop oil smuggling puts us in serious economic dangers

1-29-2025

Information / Baghdad..
Oil expert Hamza Al-Jawahiri confirmed on Wednesday that the continuation of oil smuggling operations will put Iraq in front of serious economic risks by deducting its share of oil production determined by the Organization of the Petroleum Exporting Countries (OPEC).

Al-Jawahiri said in a statement Read more…

“Secret files” in Fidan’s visit to Baghdad.. What happened behind the scenes?

“Secret files” in Fidan’s visit to Baghdad.. What happened behind the scenes?

2025-01-29 04:40

Shafaq News/ An Iraqi government source revealed, on Wednesday, the most prominent files that were addressed by Turkish Foreign Minister Hakan Fidan’s visit to the country a few days ago, and were not presented in the media .

The source told Shafaq News Agency, “Fidan discussed with the Iraqi government Read more…

Between economic experts’ warnings and government denial, the value of the Iraqi dinar is at stake

Between economic experts’ warnings and government denial, the value of the Iraqi dinar is at stake

2025-01-29

An informed government source denied, on Tuesday (January 28, 2025), that the Iraqi government has any intention to reduce the value of the dinar against the dollar, despite rumors indicating upcoming measures to confront economic pressures and Read more…

“Iraq on the threshold of an economic renaissance”.. Al-Sudani’s advisor reveals plans for the next stage

“Iraq on the threshold of an economic renaissance”.. Al-Sudani’s advisor reveals plans for the next stage

2025-01-28 08:14

Shafaq News/ Mazhar Mohammed Saleh, the economic and financial advisor to Iraqi Prime Minister Mohammed Shia al-Sudani, revealed today, Tuesday, the expected economic situation of the country during the next stage.

Saleh told Shafaq News Agency, “Iraq has high economic capabilities, as it witnesses Read more…

Economist: Covering the 2025 budget deficit with domestic debt is a great risk

Economist: Covering the 2025 budget deficit with domestic debt is a great risk

1-28-2025

Information/Special..
Economic expert Nabil Al-Marsoumi warned, today, Tuesday, of the danger of covering the high financial deficit in the 2025 budget with internal debts.

Al-Marsoumi said in an interview with Al-Maalouma Agency, “The state’s public expenditures are constantly increasing, and therefore the budget Read more…

Iraq seeks to increase oil production to 7 million barrels per day within five years

Iraq seeks to increase oil production to 7 million barrels per day within five years

2025-01-28 00:03

Shafaq News/ The Undersecretary of the Ministry of Oil, Ali Maaraj, said on Tuesday that the ministry aims to increase oil production to about 7 million barrels per day over the next five years.

In his speech during the “Iraq Energy” conference, Maaraj added that the most important basic objectives Read more…

Fouad Hussein: We did not receive any threats from Trump and our relationship with Britain is historic

Fouad Hussein: We did not receive any threats from Trump and our relationship with Britain is historic

2025-01-28

Shafaq News/ Iraqi Foreign Minister Fuad Hussein denied on Monday the existence of threats by US President Donald Trump against the Iraqi regime.

“We have not heard any threats from the new US administration towards Iraq,” Hussein said during Read more…

MP on amending the budget law: It has become “controversial” and difficult to pass

MP on amending the budget law: It has become “controversial” and difficult to pass

2025-01-28 01:02

Shafaq News/ The Iraqi parliament member, Kazem Al-Fayyadh, confirmed today, Tuesday, that there is a real difficulty in passing the amendment to the budget law, describing the amendment as “controversial.”

Al-Fayadh told Shafaq News Agency, “There is a major division within the House Read more…

Prime Minister discusses development projects and maximizing non-oil economy with World Bank

Prime Minister discusses development projects and maximizing non-oil economy with World Bank

2025-01-28

Prime Minister Mohammed Shia Al-Sudani met today, Tuesday, with the World Bank Vice President for the Middle East and North Africa, Osman Dayon, where they discussed ways of cooperation between Iraq and the World Bank, and the progress of development projects in Iraq. Al-Sudani indicated, according to Read more…

Tomorrow, the Egyptian Prime Minister will be in Baghdad to sign 11 memoranda of understanding between the two countries

Tomorrow, the Egyptian Prime Minister will be in Baghdad to sign 11 memoranda of understanding between the two countries

2025-01-28

Prime Minister Mohammed Shia al-Sudani will receive his Egyptian counterpart Mustafa Madbouly tomorrow, Wednesday, to chair the Higher Committee between the two countries. According to the official newspaper, “this came at a time when the meetings of the third session of Read more…

Politician: Kurdistan has not handed over oil revenues and ports to the center for 20 years

Politician: Kurdistan has not handed over oil revenues and ports to the center for 20 years

1-27-2025

Al-Maalouma/ Anbar..
The leader of the United Anbar Alliance, Ahmed Al-Dhari, confirmed today, Monday, that the Kurdistan Regional Government has not handed over the oil revenues and border crossings to the central government for more than 20 years, despite its commitment to paying Read more…

Parliamentary Finance: Revenues worth 4 trillion dinars from the region are not officially confirmed

Parliamentary Finance: Revenues worth 4 trillion dinars from the region are not officially confirmed

1-27-2025

Information / Baghdad..
Member of the Parliamentary Finance Committee, Mustafa Al-Karawi, confirmed today, Monday, that there are revenues worth 4 trillion dinars from the region that are not officially proven and require urgent government Read more…

Parliamentary Wealth Reveals Reasons for Failure to Legislate Oil and Gas Law

Parliamentary Wealth Reveals Reasons for Failure to Legislate Oil and Gas Law

1-27-2025

Information / Baghdad..
The Parliamentary Oil and Resources Committee revealed, today, Monday, the reasons for the failure of the legislation of the Oil and Gas Law within the House of Representatives.

Committee member Kazem Al-Tawki said in a statement to Al-Maalouma Agency, “The delay in enacting the oil and gas law is due to Read more…

Article 140 is close to resolving the transactions of deportees and arrivals in Kirkuk

Article 140 is close to resolving the transactions of deportees and arrivals in Kirkuk

2025-01-27 03:19

Shafaq News/ The Article 140 Committee in Kirkuk announced on Monday that there are approximately 2,500 deportees and 2,000 expatriates whose financial dues allocated by Baghdad are being disbursed by the committee, while it confirmed that the government is paying attention to resolving these files by allocating Read more…

Al-Sudani sponsors a memorandum of understanding between the Iraqi Securities and the Abu Dhabi Market

Al-Sudani sponsors a memorandum of understanding between the Iraqi Securities and the Abu Dhabi Market

2025-01-27 01:46

Shafaq News/ On Monday, the Prime Minister of the Federal Council, Mohammed Shia Al-Sudani, sponsored the signing ceremony of a memorandum of understanding between the Iraqi Securities Commission and the Abu Dhabi Securities Market.

His media office said in a statement Read more…