IRAQI DINAR POLITICS & ECONOMY

Iraq ends 10 months of the year with a deficit of 16 trillion dinars.. and salaries inspire 57% of expenditures

Iraq ends 10 months of the year with a deficit of 16 trillion dinars.. and salaries inspire 57% of expenditures

2024-12-28

The Iraqi state budget recorded a deficit of 16 trillion dinars during the first ten months of this year.

The financial data showed that Iraq spent 140 trillion dinars in 10 months, the highest expenditures were on the current budget and amounted to Read more…

Al-Fatah confirms Baghdad’s commitment to ending foreign presence in Iraq

Al-Fatah confirms Baghdad’s commitment to ending foreign presence in Iraq

2024-12-28

Member of the Fatah Alliance, Ali Al-Fatlawi, commented Friday (December 27, 2024), on the possibility of the Iraqi government requesting an extension of the international coalition’s mission after recent regional developments.

Al-Fatlawi said in a press interview, “The American and other media reports that Read more…

Al-Ekti: There is no real will to pass the oil and gas law

Al-Ekti: There is no real will to pass the oil and gas law

12-27-2024

Information/Baghdad…
On Friday, the member of the Patriotic Union of Kurdistan, Burhan Sheikh Raouf, confirmed that there is no real will to pass the oil and gas law and legislate it in parliament, despite the existence of an agreement in the State Administration Coalition to legislate it within 9 months of the beginning of Read more…

Al-Akeili: Al-Halbousi seeks to return to the political process through pressure and bargaining

Al-Akeili: Al-Halbousi seeks to return to the political process through pressure and bargaining

12-27-2024

Information/Baghdad…
Political analyst Sabah Al-Akeili said on Friday that the former dismissed parliament speaker, Mohammed Al-Halbousi, is seeking to return to the political process by exerting pressure from abroad and making bargains.

Al-Akeili told Al-Maalouma, “Al-Halbousi’s visit to America caused a major Read more…

Away from Iranian gas and its problems.. Iraq implements an unprecedented project to generate electricity

Away from Iranian gas and its problems.. Iraq implements an unprecedented project to generate electricity

2024-12-27 02:39

Shafaq News/ The Iraqi Ministry of Electricity announced on Friday the continuation of civil works for the Karbala Solar Power Plant project, which is the first of its kind in Iraq within the framework of diversifying energy sources and not limiting it to Read more…

Badr leader describes Iraqi delegation’s meeting with Sharaa as “a disgrace”

Badr leader describes Iraqi delegation’s meeting with Sharaa as “a disgrace”

2024-12-27 01:37

Shafaq News/ The leader of the Badr Organization and the official of the northern axis, Muhammad Mahdi al-Bayati, confirmed today, Friday, that the visit of the Iraqi delegation and its meeting with the head of the Syrian Interim Authority, Ahmed al-Sharaa, came after American pressure on the Iraqi government, describing the meeting as a “new stigma of shame.” Read more…

Expectations of deliberate delay by the government. The 2025 budget is unclear. Parliament: We do not know anything about it yet

Expectations of deliberate delay by the government. The 2025 budget is unclear. Parliament: We do not know anything about it yet

2024-12-27

Member of Parliament Ahmed Al-Sharmani explained Thursday (December 26, 2024), that Parliament does not know anything about the 2025 budget schedules, suggesting that the government is deliberately delaying sending it.

Al-Sharmani said in a press interview that “according to the Financial Read more…

Iraq plans to reduce gas flaring to 20% next year

Iraq plans to reduce gas flaring to 20% next year

2024-12-26 03:16

Shafaq News/ Iraq, the second largest oil producer in OPEC, intends to reduce the amount of gas it burns without economic benefit to about 20% during the next year, in an effort to meet the rising demand and reduce imports.

Bloomberg quoted the Undersecretary of the Ministry of Oil for Gas Affairs, Read more…

Al-Sudani’s advisor reassures via Shafaq News about the rise of the dollar: a temporary market bubble

Al-Sudani’s advisor reassures via Shafaq News about the rise of the dollar: a temporary market bubble

2024-12-26 03:10

Shafaq News/ Mazhar Mohammed Saleh, the financial and economic advisor to Prime Minister Mohammed Shia al-Sudani, commented on Thursday on the rise in the exchange rate of the US dollar against the Iraqi dinar in the local market for Read more…

Iran: We have obtained Iraq’s approval to export goods through its territory to Kuwait

Iran: We have obtained Iraq’s approval to export goods through its territory to Kuwait

2024-12-26

Iran confirmed on Wednesday that Iraq has allowed Iranian trucks to cross its territory into Kuwait, which will create a jump in Iranian exports and significantly reduce their transportation costs.

Amin Fartosi, a member of the board of directors of the Joint Chamber of Commerce between Iran and Kuwait, confirmed in a press statement: “Iraq has granted the Iranians permission Read more…

Government Advisor: Iraq Seeks to Establish Sovereign Wealth Fund

Government Advisor: Iraq Seeks to Establish Sovereign Wealth Fund

2024/12/25

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that Iraq is seeking to establish a sovereign wealth fund.
Saleh told Al Furat News Agency: “Iraq seeks to establish a sovereign wealth fund, especially after Read more…

Parliamentary Security: Iraq is fully committed to the international coalition withdrawal schedule

Parliamentary Security: Iraq is fully committed to the international coalition withdrawal schedule

12-25-2024

Information / Special..
Member of the Parliamentary Security and Defense Committee, Ali Al-Bandawi, confirmed today, Wednesday, that Iraq is fully committed to the timetable set for the withdrawal of international coalition forces from the country, noting that the withdrawal decision was agreed upon in advance and there is no room for Read more…

Expert diagnoses two reasons behind the rise of the dollar against the dinar in Iraq

Expert diagnoses two reasons behind the rise of the dollar against the dinar in Iraq

2024-12-25 03:14

Shafaq News/ The economic and financial expert, Abdul Rahman Al-Mashhadani, attributed, on Wednesday, the reasons for the rise of the dollar against the Iraqi dinar to the rumor of the holidays and New Year’s Day.

Al-Mashhadani said in an interview with Shafaq News Agency, “The promotion of stopping the platform is a major reason for Read more…

Iraq is the fifth largest Arab economy in terms of GDP

Iraq is the fifth largest Arab economy in terms of GDP

2024-12-25 02:00

Shafaq News/ Iraq ranked fifth in the Arab world and 46th globally out of 196 countries listed in the table among the largest economies in the world in terms of gross domestic product for the year 2024.

The American magazine cewworld reported in a report Read more…

Coordination Framework “Rejects” Extension of US Presence, Hints at Return of Factions’ Operations

Coordination Framework “Rejects” Extension of US Presence, Hints at Return of Factions’ Operations

2024-12-25 05:30

Shafaq News/ A member of the Coordination Framework, which brings together Shiite political forces, denied on Wednesday the government’s intention to extend the presence of US forces in Iraq, due to regional developments in the region, while hinting at the return of factions’ operations if the withdrawal schedule is not Read more…

Al-Sudani: Iraq was able to confront the challenges that occurred in the region

Al-Sudani: Iraq was able to confront the challenges that occurred in the region

2024-12-25 02:15

Shafaq News/ Prime Minister Mohammed Shia al-Sudani said on Wednesday that Iraq was able to overcome the recent challenges witnessed by the region, which almost swept the entire world.

This came in a speech he delivered during his congratulations on the occasion of Christmas, in a joint call, via closed-circuit television, with Read more…

Iraqi government issues new decisions

Iraqi government issues new decisions

2024-12-25

Prime Minister Mohammed Shia Al-Sudani chaired the fifty-second regular session of the Council of Ministers Tuesday, during which the general conditions in the country were discussed, and a number of service, economic and social files were examined, in addition to discussing the topics Read more…

Amani: US leaks about Iraq’s request to extend the stay of its forces are absolutely out of the question

Amani: US leaks about Iraq’s request to extend the stay of its forces are absolutely out of the question

12-24-2024

Information / Special..
Security expert Haitham Al-Khazaali confirmed on Tuesday that what was leaked by some American media outlets regarding Iraq’s intention to submit an official request to extend the presence of American forces inside it under the pretext of the changing situation in Syria is absolutely unacceptable.

Al-Khazaali said in a statement Read more…

Parliamentary Finance: The budget will be passed with integrity and fairness

Parliamentary Finance: The budget will be passed with integrity and fairness

12-24-2024

Information / Special..
Member of the Parliamentary Finance Committee, Hussein Al-Saabari, confirmed today, Tuesday, that the proposed tables in the draft budget law are under study, and it is expected that they will be passed finally.

Al-Saabari stressed in a statement Read more…

South Korea announces signing of $93.7 million contract with Iraq to purchase aircraft

South Korea announces signing of $93.7 million contract with Iraq to purchase aircraft

12-24-2024

Information
South Korea’s Yonhap News Agency reported on Tuesday that Korea Aerospace Industries has signed a $93.7 million deal with Iraq to export Suriyon KHUH-1 helicopters.

The report, translated by Al-Maalouma Agency, stated that “under the deal, Korea Read more…