IRAQI DINAR POLITICS & ECONOMY

Israel-Hamas war.. Biden asks Sudanese to play a mediation role with Iran

Israel-Hamas war.. Biden asks Sudanese to play a mediation role with Iran

2023-10-18 09:00

Shafaq News/ An informed government source revealed, on Tuesday, that US President Joe Biden asked Iraqi Prime Minister Muhammad Shia al-Sudani to play a mediating role with Iran, in order to contain any expansion of the battles that have been ongoing for ten days between Israel and Read more…

Abdul Mahdi calls for the implementation of Parliament’s decision to withdraw US and NATO forces from Iraq

Abdul Mahdi calls for the implementation of Parliament’s decision to withdraw US and NATO forces from Iraq

2023-10-18 00:37

Shafaq News/ Former Prime Minister Adel Abdul Mahdi called, on Wednesday, for activating the House of Representatives’ decision requiring the withdrawal of foreign forces from Iraq, against the backdrop of the current events in the Gaza Strip in Palestine.

Abdul Mahdi said in a statement today, “In the face of the great tragedy and initial Read more…

The rise in oil prices gives Iraq the opportunity to stimulate development away from the excuse of scarcity of financing

The rise in oil prices gives Iraq the opportunity to stimulate development away from the excuse of scarcity of financing

10-18-2023

Baghdad – The rise in oil prices over the past three months has provided an opportunity for Iraqi Prime Minister Muhammad Shiaa Al-Sudani to resume attention to development issues, especially industrial and agricultural ones, which the government has lagged behind in view of Read more…

The oil and gas law will be postponed to the next legislative year.. Representative: We need 6 months

The oil and gas law will be postponed to the next legislative year.. Representative: We need 6 months

2023-10-17 | 08:13

The Oil, Gas and Natural Resources Committee confirmed today, Tuesday, October 17, 2023, its need for 6 months in order to reach a draft oil and gas law that is consistent with all parties, while indicating that the committee formed by the Kurdistan Regional Government presented Read more…

Integrity confirms that “major achievements” have been made in the fight against corruption within a year of the formation of the government

Integrity confirms that “major achievements” have been made in the fight against corruption within a year of the formation of the government

10-17-2023 03:28 PM

The head of the Integrity Commission, Haider Hanoun, stressed on Tuesday the importance of international cooperation and concluding memorandums of understanding between countries in the field of combating corruption, and the role of this in recovering convicts and smuggled funds, noting that “major achievements” had been made in the fight against corruption within Read more…

The White House reveals talks between Biden and Al-Sudani

The White House reveals talks between Biden and Al-Sudani

2023-10-17

The White House revealed talks that took place between US President Joe Biden and Prime Minister Muhammad Shiaa Al-Sudani. The White House did not reveal the details of the phone call between the two sides, but reports indicated that it Read more…

The Kurdistan Government announces the adoption of the Iraqi dinar instead of the dollar in customs duties

The Kurdistan Government announces the adoption of the Iraqi dinar instead of the dollar in customs duties

2023-10-16 05:24

Shafaq News/ The Kurdistan Regional Government announced, on Monday, the adoption of the Iraqi dinar in customs duties instead of the US dollar.

The Regional Government’s Media and Information Department said, in a statement received by Shafaq News Agency, “The Kurdistan Regional Council of Ministers decided, in accordance with a document, to adopt the Iraqi dinar Read more…

Al-Sudani directs to simplify all banking procedures and prepare a list of facilities within a week

Al-Sudani directs to simplify all banking procedures and prepare a list of facilities within a week

2023-10-16 11:23

Shafaq News/ On Sunday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani chaired a meeting to discuss banking reform procedures, and directed to simplify all banking procedures and prepare a proposed list of facilities to be presented within a week.

A statement issued by Al-Sudani’s media office, received by Shafaq News Agency, said, “Within the framework of his follow-up to the plan to implement financial Read more…

Expert: 70% of dollar transactions have disappeared in Iraq, and the Central Bank wants to end the era of “dollarization”

Expert: 70% of dollar transactions have disappeared in Iraq, and the Central Bank wants to end the era of “dollarization”

Posted, 2023-10-15

Baghdad – 964
An economic expert says that the Central Bank eliminated 70% of dollar transactions in the Iraqi market, noting that this is the result of the policies followed by the bank’s governor, Ali Al-Alaq, throughout a year of assuming Read more…

Finally, the Baghdad dollar is under 160… ATMs sell for 158

Finally, the Baghdad dollar is under 160… ATMs sell for 158

10-15-2023

The exchange rates of the US dollar fell, this evening, Sunday, below the level of 160 thousand Iraqi dinars for each $100 note in the offices of exchange companies in the various regions of Baghdad. This is the first time that they have fallen Read more…

Adviser to the Prime Minister: 70 percent of Iraq’s imports are made with BRICS countries

Adviser to the Prime Minister: 70 percent of Iraq’s imports are made with BRICS countries

2023-10-15

Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained in detail the importance of Iraq joining the BRICS group, stressing the necessity of this step for the future of sustainable development and the progress of Iraq’s economy.

Saleh said, in a press statement, “The BRICS group Read more…

7 conditions for transferring the dollar to Iraqi merchants.. TBI Bank

7 conditions for transferring the dollar to Iraqi merchants.. TBI Bank

10-15-2023

The Iraqi Trade Bank confirmed, on Sunday, that it had set 7 conditions for transferring the dollar to Iraqi merchants, while indicating that it would continue to implement its plan to meet individuals’ need for the dollar at the official Read more…

The oil and gas law is an open crisis between Baghdad and Erbil

The oil and gas law is an open crisis between Baghdad and Erbil

10-15-2023

As each date approaches for an agreement between the central government in Baghdad and the Kurdistan Regional Government, the dispute is renewed over new details that reveal the absence of desire to reach a final settlement, as each party wants to control the oil and gas file, either under the title of Read more…

The Kurdistan Democratic Bloc in the Iraqi Parliament intends to amend the federal budget law

The Kurdistan Democratic Bloc in the Iraqi Parliament intends to amend the federal budget law

2023-10-14 08:48

Shafaq News/ The head of the Democratic Party bloc in the Iraqi Parliament, Vian Sabri, revealed today, Saturday, her bloc’s intention to amend the budget law, while indicating that the amendment includes sending the entire Kurdistan region’s share.

The head of the Democratic Party parliamentary bloc, Vian Sabry, said in a statement received by Shafaq News Agency: “The Prime Minister of the Kurdistan Read more…

Al-Fateh sends a message to America and confirms: The Iraqi resistance has entered a state of alert

Al-Fateh sends a message to America and confirms: The Iraqi resistance has entered a state of alert

10-14-2023

Information/Baghdad..
The leader of the Al-Fatah Alliance, Muhammad Al-Baldawi, confirmed today, Saturday, that the government remains steadfast in its official position of not allowing Iraqi lands to be used as a launching pad for external aggression.

Al-Baldawi said in a statement to “Al-Ma’louma” that “Iraq is the only country that Read more…

Al-Sudani: The customs automation project is a starting point for implementing financial and banking reforms

Al-Sudani: The customs automation project is a starting point for implementing financial and banking reforms

10-14-2023

Information/Baghdad..
Prime Minister Muhammad Shiaa Al-Sudani directed, on Saturday, the implementation of all financial obligations to complete the requirements of the first phase of customs automation and networking, considering the project a starting point for implementing financial and banking Read more…

Iraq increases the rate of oil production to 65 thousand barrels per day within a month

Iraq increases the rate of oil production to 65 thousand barrels per day within a month

2023-10-13 04:31

Shafaq News/ The Organization of Petroleum Exporting Countries (OPEC) reported on Friday that Iraq increased its production rate of crude oil to 65 thousand barrels per day during the month of last September.

According to the monthly report issued by the organization Read more…

Deputy expects the dollar to decline within a few days

Deputy expects the dollar to decline within a few days

2023-10-13 07:47

Shafaq News/ The representative of the State of Law coalition, Arif Al-Hamami, expected today, Friday, that the exchange rate of the US dollar against the Iraqi dinar will decrease during the next few days.

Yesterday, Thursday, the dollar prices were recorded at the Al-Kifah and Al-Harithiya stock exchanges, 160,400 dinars Read more…

Al-Sadr warns Biden against “creeping” towards the Middle East and calls on the Iraqis to prepare an aid convoy to Gaza. ARE YOU KIDDING ME!

Al-Sadr warns Biden against “creeping” towards the Middle East and calls on the Iraqis to prepare an aid convoy to Gaza. ARE YOU KIDDING ME!

2023-10-13 02:05

Shafaq News/ On Friday, the leader of the Sadrist movement, Muqtada al-Sadr, warned the President of the United States of America, Joe Biden, against continuing his “creep” towards the Middle East with the aim of supporting Israel, calling at the same time on the Iraqis to collect aid in order to send it to the besieged Gaza Read more…

Parliamentary Energy: Work is continuing towards passing the oil and gas law

Parliamentary Energy: Work is continuing towards passing the oil and gas law

10-12-2023

Information / Baghdad…
Member of the Parliamentary Oil and Energy Committee, Suhaila Al-Sultani, confirmed on Thursday that work is continuing by the government and political parties in order to resolve the oil and gas law, overcome obstacles, and give priority to the public interest to move towards legislating Read more…