IRAQI DINAR POLITICS & ECONOMY

The crisis in private banks is worsening… Al-Jawahiri warns of the risk of declining deposits

The crisis in private banks is worsening… Al-Jawahiri warns of the risk of declining deposits

9-7-2026

Information/Baghdad…
Economic expert Amer al-Jawahiri confirmed on Monday that the current crisis plaguing the Iraqi banking sector stems from deep-rooted structural problems and accumulated errors. He explained that the recent oversight decisions and popular protests were an inevitable consequence of the majority of private banks relying on speculation and the currency auction window instead of providing genuine banking and development services.
Al-Jawahiri told Al-Maalouma, “The fundamental problem lies in the establishment of most private banks as fronts Read more…

The framework suggests a crucial meeting in Baghdad… 4 files on the table, most notably ministerial portfolios

The framework suggests a crucial meeting in Baghdad… 4 files on the table, most notably ministerial portfolios

9-7-2026

Information/Special..
Member of the Coordination Framework, Uday Abdul Hadi, suggested on Monday that a meeting of the Framework’s forces would be held this evening in the capital, Baghdad, in light of the existence of four important files that require resolution, the most prominent of which is completing the discussions of the candidates for the remaining ministerial portfolios in Ali Zaidi’s government. Read more…

Abu Ragheef: The dialogue on limiting weapons is in-depth, and the September 30th deadline is not sacred.

Abu Ragheef: The dialogue on limiting weapons is in-depth, and the September 30th deadline is not sacred.

9-7-2026

Information / Baghdad…
Security expert Fadel Abu Ragheef revealed on Monday that in-depth discussions are ongoing regarding the issue of restricting weapons to resistance factions, exclusively between the leaders of the resistance factions and Prime Minister Ali al-Zubaidi. He emphasized that this date is not a binding deadline for concluding the dialogue, which may take months given the sensitivity of the matter.
Abu Ragheef told the Information Agency that “discussions and meetings are Read more…

Some have exceeded their legal terms… Pressures keep those holding senior positions in finance and banks in their posts

Some have exceeded their legal terms… Pressures keep those holding senior positions in finance and banks in their posts

2026-09-07

Shafaq News – Baghdad
An informed source revealed on Monday that those holding senior positions in the Ministry of Finance and its affiliated departments and banks remain in their positions, indicating that a number of general managers and special grade holders have been in their positions for years, despite some of them exceeding the legally prescribed periods.

The source told Shafaq News Agency that some officials have spent more than four years in their positions, while Read more…

MP attributes fuel crisis to “corruption and mismanagement”

MP attributes fuel crisis to “corruption and mismanagement”

2026-09-07

Shafaq News – Baghdad
On Monday, MP Mohammed Jassim Al-Khafaji attributed the current gasoline crisis to what he described as “corruption and mismanagement over the years,” criticizing the Ministry of Oil’s handling of the crisis despite the continued provision and daily sale of fuel.

Al-Khafaji said in a post, which was reviewed by Shafaq News Agency, that the daily consumption of gasoline is about 35 million liters, compared to local production of 30 million liters, which Read more…

Ford strengthens its presence in Iraq by appointing “North Al Jazeera” as its new official distributor.

Ford strengthens its presence in Iraq by appointing “North Al Jazeera” as its new official distributor.

2026-09-07

Ford Middle East and Africa today announced the appointment of North Island Automotive Trading and Commercial Agencies Company (SAT) as its new partner and official distributor in the Republic of Iraq, effective October 1, 2026.

North Island Company (SAT) represents a strong strategic alliance that brings together the March Holding Group and the Aliyan Group. Under this appointment, the company will be responsible for distributing Ford vehicles, providing original spare parts, and offering after-sales services throughout Iraq. Read more…

Reasons for the rise of the dollar in Baghdad… What is the connection to the spectrum?

Reasons for the rise of the dollar in Baghdad… What is the connection to the spectrum?

2026-09-07

Shafaq News – Baghdad
Mahmoud Dagher, the former Director General of the Central Bank of Iraq, confirmed on Monday that the rise in the exchange rate of the dollar against the dinar during these two days came in response to the crisis caused by Al-Taif Islamic Bank, and the resulting state of instability and lack of confidence.

Dagher told Shafaq News Agency that the instability and lack of confidence led to an increased demand for the dollar, which was reflected in its exchange rate during the past two days. Read more…

The “quadrilateral meeting” between the framework and the factions has been postponed until after September 30.

The “quadrilateral meeting” between the framework and the factions has been postponed until after September 30.

2026-09-07

Shafaq News – Baghdad
An informed source revealed on Monday that the “quadrilateral” meeting between the Coordination Framework forces and the armed factions to discuss the process of restricting weapons, especially with the factions refusing to hand over their weapons, has been postponed.

The source told Shafaq News Agency that the meeting scheduled for Sunday between the leader of the State of Law Coalition, Nouri al-Maliki, and the leaders of the four factions or their representatives, did not take place due to the absence of the al-Nujaba Movement. Read more…

Al-Zaydi: “Pre-payment” will be adopted starting next month.

Al-Zaydi: “Pre-payment” will be adopted starting next month.

2026-09-06

Shafaq News – Baghdad
Iraqi Prime Minister Ali al-Zaidi confirmed on Sunday that the “pre-deduction” mechanism will be adopted starting from the beginning of next October, in order to enhance the efficiency of financial management and raise the level of non-oil revenues.

This came during his reception of the Ishraqa Kanoun delegation, its political office and its parliamentary bloc, headed by the party’s Secretary-General Yasser Majid Al Nasrallah. Read more…

Al-Zaydi’s advisor: The Iraqi economy is hostage to oil, and liberating it begins with activating other sectors.

Al-Zaydi’s advisor: The Iraqi economy is hostage to oil, and liberating it begins with activating other sectors.

9-6-2026

Information/Special
The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, confirmed on Saturday that the Iraqi economy depends almost entirely on oil export revenues, explaining that the movement of oil revenues is directly reflected in the Iraqi balance of payments, whether in cases of surplus or deficit.

Saleh told Al-Maalomah that “any shocks or crises that the global economy is exposed to from the outside directly affect the Iraqi economy, given the high level of dependence on oil as a main source of public revenues.” Read more…

A US cargo plane lands in Erbil… Moves underway to evacuate military equipment from “Al-Harir”

A US cargo plane lands in Erbil… Moves underway to evacuate military equipment from “Al-Harir”

9-6-2026

Information/Erbil…
Informed sources revealed on Sunday that a large American cargo plane landed at Erbil International Airport, while indicating information about the transfer of military systems and equipment from the Harir base near the airport.

The sources explained to Al-Maalomah that “a large American cargo plane landed on a private runway inside Erbil International Airport, amid information that it was used to transport special military equipment and systems from the Harir base adjacent to the airport.” Read more…

Abdul Hadi: The next two days will witness meetings to decide on the vacant ministries.

Abdul Hadi: The next two days will witness meetings to decide on the vacant ministries.

9-6-2026

Information/Baghdad…
On Sunday, Uday Abdul-Hadi, a member of the Coordination Framework, acknowledged that more than one candidate had been nominated for the Ministries of Defense and Interior. He indicated that this week would be crucial in determining the fate of the nine ministerial portfolios still being managed by acting ministers in Ali al-Zaidi’s government.
Speaking to Al-Maalouma, Abdul-Hadi explained, “More than one candidate for the Ministries of Defense and Interior has been nominated in recent days, Read more…

The Democrat reveals the purpose behind presenting several candidates for each ministerial portfolio.

The Democrat reveals the purpose behind presenting several candidates for each ministerial portfolio.

9-6-2026

Information/Baghdad…
Wafa Muhammad Karim, a member of the Kurdistan Democratic Party, revealed on Sunday the political blocs’ motives for submitting more than one candidate for the remaining ministerial posts in Prime Minister Ali al-Zubaidi’s government.
Karim told Al-Maalouma that “the political blocs submitting more than one candidate for each ministerial portfolio is part of agreements with the Prime Minister, aimed at creating the impression that the cabinet is not under the control of the parties and misleading public opinion.” Read more…

MP: Debt accumulation, mismanagement, and corruption are behind Iraq’s economic crisis

MP: Debt accumulation, mismanagement, and corruption are behind Iraq’s economic crisis

9-6-2026

Information/Baghdad…
Member of Parliament Murtadha Afween confirmed on Sunday that Iraq is experiencing a severe and complex economic crisis. He explained that the exacerbation of this crisis is primarily due to the accumulation of external and internal debts, continued mismanagement, and the rampant financial and administrative corruption within the state apparatus.
Afween told Al-Maalouma that “the country’s economic reality is witnessing a Read more…

Al-Saadi: The path of development surpasses “cloning projects” in 3 key points

Al-Saadi: The path of development surpasses “cloning projects” in 3 key points

9-6-2026

The former MP, Baqir al-Saadi, acknowledged on Sunday that all attempts to replicate the Iraqi Development Road model in other countries will fail. He pointed out that the Iraqi project is distinguished by three key advantages that give it a significant edge in the movement of goods between Asia and Europe.
Al-Saadi explained to Al-Maalomah that “the Middle East region has witnessed, in recent months, moves by several countries to replicate the Iraqi Development Road model and attempt to establish alternative transport routes from the Far East towards the region and then on to Europe, by Read more…

Interior and Defense ministries at the forefront… Parliamentary pressure to finalize the cabinet

Interior and Defense ministries at the forefront… Parliamentary pressure to finalize the cabinet

9-6-2026

Information / Baghdad…
Member of Parliament Mukhtar al-Youssef revealed on Sunday that there is mounting pressure and demands from members of parliament directed at the Prime Minister to expedite the submission of nominees for the vacant ministerial positions as soon as possible, stressing that completing the cabinet has become an urgent necessity that cannot be delayed.
Al-Youssef told Al-Maalouma in an exclusive statement, “Iraq is currently going through the most difficult and critical period in its history, directly linked to Read more…

Huge sums of money with no economic return… Parliamentary move to hold those responsible for the mismanagement of the Faw Port project accountable

Huge sums of money with no economic return… Parliamentary move to hold those responsible for the mismanagement of the Faw Port project accountable

9-6-2026

Information/Baghdad…
MP Rafiq Hashim confirmed on Sunday that the lack of planning and a comprehensive vision has hindered the utilization of the Grand Faw Port projects and resulted in the squandering of enormous sums of money. He stressed that the Parliament will take a firm oversight stance on this matter to stop the waste of public funds.
Hashim told the Information Agency, “The relevant authorities had announced the completion of significant portions of the Grand Faw Port’s infrastructure Read more…

Al-Taif Bank: We will distribute depositors’ funds soon.

Al-Taif Bank: We will distribute depositors’ funds soon.

2026-09-06

Shafaq News – Baghdad
Al-Taif Islamic Bank announced on Sunday that it will soon deliver the funds of its depositors, after the Central Bank of Iraq began taking over its administration.

The bank said in a statement received by Shafaq News Agency that “the trusteeship committee appointed by the Central Bank officially took over its administrative duties at Al-Taif Islamic Bank today, and the committee has begun its work while a comprehensive Read more…

Iraq “cannot afford to take risks”… State administration warns of the repercussions of US sanctions

Iraq “cannot afford to take risks”… State administration warns of the repercussions of US sanctions

2026-09-06

Shafaq News – Baghdad
On Saturday, the State Administration Coalition discussed completing the government formation, the draft oil and gas law, and the country’s financial situation, while stressing the need to spare Iraq the repercussions of the US sanctions imposed on some countries, in light of what it described as the “difficult financial circumstances.”

The State Administration Coalition is the ruling political umbrella that was formed on September 25, 2022 to end Read more…

The Iraqi Securities Commission warns investors against fraudulent companies and unlicensed investors.

The Iraqi Securities Commission warns investors against fraudulent companies and unlicensed investors.

2026-09-06

Shafaq News – Baghdad
The head of the Securities Commission, Faisal Al-Haimas, warned citizens and investors on Sunday against dealing with fake companies and unlicensed entities that promote investment services and opportunities, stressing the need to verify the legality of entities before depositing funds or entering into any investment activity.

Al-Haims explained in an official statement that some entities resort to using trade names, electronic platforms, and social media pages to deceive investors into believing that they are accredited financial institutions, as well as making Read more…