IRAQI DINAR POLITICS & ECONOMY

Saudi Arabia announces interception of drones launched from Iraq: We reserve the right to respond.

Saudi Arabia announces interception of drones launched from Iraq: We reserve the right to respond.

2026-07-27

Shafaq News – Riyadh
The Saudi Ministry of Defense announced on Monday that it had intercepted and destroyed a number of drones that it said had been launched from Iraqi territory and had attempted to target oil facilities in the Eastern Province and Riyadh.

In a statement, Saudi Defense Ministry spokesman Major General Turki al-Maliki said that air defenses intercepted and destroyed, during the past few hours, a number of drones that attempted to target oil facilities in the Eastern Province and Riyadh.

Al-Maliki added that these “terrorist” attempts were launched from Iraqi territory and carried out by “terrorist Read more…

United Nations: The Iraqi government has taken serious steps in combating corruption.

United Nations: The Iraqi government has taken serious steps in combating corruption.

7-27-2026

The United Nations program confirmed on Monday that the Iraqi government has taken serious steps in recovering assets and combating corruption. Yama Turabi, director of the “Combating Corruption and Promoting Arbitration” project at the United Nations program, stated in a statement to the official newspaper that “the anti-corruption program has witnessed serious and urgent steps from the government with regard to following up on asset recovery specifically.”

He added that “Iraq can improve the gap between cases Read more…

Government financial advisor: Government plan to raise non-oil revenues to 46 percent

Government financial advisor: Government plan to raise non-oil revenues to 46 percent

7-27-2026

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, announced on Monday that the government has developed a plan to raise non-oil revenues to 46% within ten years. He indicated that the government is committed to increasing the private sector’s contribution to 54% of GDP. Salih told the official news agency that “the government’s fiscal policy for the next ten years aims to achieve economic stability and sustainable development by diversifying revenue sources and strengthening the role of the private sector in the national economy.” He added that “the fiscal policy has a pivotal planning path, Read more…

Iraqi Drilling Company: Rehabilitation of two oil wells in the Qurna and Zubair fields

Iraqi Drilling Company: Rehabilitation of two oil wells in the Qurna and Zubair fields

7-27-2026

The Iraqi Drilling Company announced on Monday the completion of the rehabilitation of two oil wells in the Qurna and Zubair fields. The company’s media office stated in a statement that “in implementation of the directives of the Minister of Oil, Basim Muhammad Khudair Al-Abadi, and with the follow-up of the Director General of the Iraqi Drilling Company, Muhammad Hantoush Asad Al-Azirjawi, the technical and engineering staff of the company completed the rehabilitation work of the oil well WQ1-233 in the West Qurna/1 field, at a depth of 2536 meters, using the IDC-32 rehabilitation device.” Read more…

After Ankara, Al-Zaidi will visit Saudi Arabia next Thursday.

After Ankara, Al-Zaidi will visit Saudi Arabia next Thursday.

2026-07-26

Shafaq News – Baghdad
Iraqi Prime Minister Ali al-Zubaidi will pay an official visit to Saudi Arabia next Thursday, which will include bilateral talks and the signing of memoranda of understanding in a number of sectors, in addition to discussing security coordination between the two countries and developments in the regional situation, according to a well-informed government source.

The source told Shafaq News Agency that Al-Zaidi will make an important official visit to Saudi Arabia on Thursday Read more…

“Al-Maalomah” reveals the name of the candidate for the position of Minister of Defense in Al-Zaidi’s government

“Al-Maalomah” reveals the name of the candidate for the position of Minister of Defense in Al-Zaidi’s government

7-26-2026

Al-Maalomah/Anbar…
Ahmed Abdul Sattar, a member of the United Anbar Alliance, revealed on Sunday the name of the Sunni forces’ nominee for the Ministry of Defense in Prime Minister Ali al-Zaidi’s government.
Abdul Sattar told Al-Maalomah News Agency that “the Sunni National Council held a meeting with Sunni leaders to reach a unified position on selecting a consensus candidate for the Ministry of Defense,” explaining that “the consensus settled on nominating former Minister of Industry Read more…

“The Development Road” enters the decisive executive phase

“The Development Road” enters the decisive executive phase

2026/07/26

The upcoming visit of Prime Minister Ali Faleh al-Zubaidi to Ankara holds the key to launching the “Development Road” project and moving it towards direct field implementation. This step coincides with his previous directives to finalize the financing requirements, establishing a new strategic, political, and economic framework that solidifies the partnership between the two countries and propels economic diversification in the region forward.

These moves come amidst unprecedented momentum within the Ministry of Transport to expedite the project’s Read more…

MP: September will see the remaining ministerial portfolios in Al-Zidi’s government finalized

MP: September will see the remaining ministerial portfolios in Al-Zidi’s government finalized

7-26-2026

Information/Baghdad…
Former State of Law Coalition MP Hussein Mardan revealed the date for filling the vacant ministerial posts in al-Zaidi’s cabinet, following a previous agreement to finalize the vote after the parliamentary recess.
Mardan told Al-Maalouma, “The vacant ministerial posts will be filled during September, according to the political agreement within the coordination framework and in accordance with understandings with the US administration.”
He added, “The political agreement stipulated finalizing the cabinet Read more…

A political agreement and external pressures… 9 ministries await the decisive moment

A political agreement and external pressures… 9 ministries await the decisive moment

7-26-2026

Information/Baghdad…
It appears that a political agreement is in place to complete the cabinet and fill the remaining positions in Ali al-Zaidi’s government. There are confirmations that the countdown has begun for the parliamentary vote on the remaining ministerial posts. Meanwhile, some political parties have justified the delay in finalizing the cabinet by citing external interference and pressure exerted on Iraq regarding the government’s formation and the names of those who will assume ministerial positions.
Former State of Law Coalition MP Hussein Mardan told Al-Maalouma, “The vacant ministerial positions will be filled during September, according to the political agreement within the coordination framework Read more…

Parliamentary Oil Committee: Türkiye is blackmailing Iraq in an attempt to dominate energy corridors.

Parliamentary Oil Committee: Türkiye is blackmailing Iraq in an attempt to dominate energy corridors.

7-26-2026

The former member of the parliamentary Oil and Gas Committee, Basim al-Gharibawi, confirmed on Sunday that Turkey is attempting to exploit the issue of increased Iraqi oil exports via the Kirkuk-Ceyhan pipeline to avoid paying internationally mandated financial compensation owed to it.
Al-Gharibawi told the Information Agency that “Ankara is working to exploit Iraq’s need to find alternative routes to the Strait of Hormuz for oil exports, following the recent tensions in the region resulting from the American-Israeli aggression against Iran.” He indicated that “the Turkish side will exert pressure on the Iraqi negotiating delegation to force it to waive its outstanding debts.” Read more…

Maliki’s coalition warns of an American plan to change the political faces in Iraq.

Maliki’s coalition warns of an American plan to change the political faces in Iraq.

7-26-2026

Al-Maalomah/Baghdad –
Zuhair al-Jalabi, a member of the State of Law Coalition, warned on Sunday of an American plan to remove top-tier leaders from the political process and replace them with younger figures. He asserted that this approach will not succeed in Iraq and could negatively impact the management of state institutions.
In a statement to Al-Maalomah News Agency, al-Jalabi said, “The American administration is adopting a policy based on promoting young leaders who align with its political interests, while simultaneously working to Read more…

The parliamentary finance committee discusses with the budget department the mechanisms for preparing the 2027 budget.

The parliamentary finance committee discusses with the budget department the mechanisms for preparing the 2027 budget.

7-26-2026

The Parliamentary Finance Committee met today, Sunday, with the Budget Department of the Ministry of Finance to discuss the mechanisms for preparing the 2027 budget. A statement from the committee, received by Al-Maalomah News Agency, indicated that “the Parliamentary Finance Committee held a meeting today, Sunday, July 26, 2026, at the committee’s headquarters, with the Director General of the Budget Department and senior staff from the Budget Preparation and Accounting sections, to discuss the structure of the state’s general budget, mechanisms for managing public funds, and the reform steps related to Read more…

For the fourth week in a row, the United States does not import crude oil from Iraq.

For the fourth week in a row, the United States does not import crude oil from Iraq.

2026-07-26

Shafaq News – Baghdad/Washington
Data from the U.S. Energy Information Administration on Sunday showed that the United States did not import any shipments of Iraqi crude oil during the week, for the fourth week in a row.

According to data seen by Shafaq News Agency, US imports of Iraqi crude oil reached zero during the week ending July 17, after having recorded 71,000 barrels per day in the week ending June 19, before US imports from Iraq stopped for the following four weeks. Read more…

The Iraqi judiciary announces the seizure of 27 billion dinars in the case of the Deputy Minister of Oil for Liquidation Affairs.

The Iraqi judiciary announces the seizure of 27 billion dinars in the case of the Deputy Minister of Oil for Liquidation Affairs.

2026-07-26

Shafaq News – Baghdad
On Sunday, the investigating judge of the Central Anti-Corruption Criminal Court announced the seizure of 27 billion Iraqi dinars in the case of the detained Undersecretary of the Ministry of Oil for Liquidation Affairs, Adnan al-Jumaili, and the parties involved with him.

The judge in charge said in a statement received by Shafaq News Agency that as a result of the careful follow-up to seize the financial proceeds resulting from the waste in the projects implemented by the accused and the parties to the case, this amount, which was hidden Read more…

Iraqi Agriculture Ministry announces an abundance of local fish in the markets and reveals a production of 1.5 million fish.

Iraqi Agriculture Ministry announces an abundance of local fish in the markets and reveals a production of 1.5 million fish.

2026-07-26

Shafaq News – Baghdad
The Ministry of Agriculture announced on Sunday that Iraqi markets are witnessing a remarkable abundance of local fish during the current season, especially the varieties of (catfish, carp, and carp), reflecting the success of its programs aimed at developing fish stocks, enhancing food security, and providing diverse options for the Iraqi consumer.

The ministry explained in an official statement that this abundance came as a result of its continuous efforts to Read more…

Al-Zaidi will travel to Ankara on Tuesday to discuss a number of shared issues.

Al-Zaidi will travel to Ankara on Tuesday to discuss a number of shared issues.

2026-07-26

Shafaq News – Baghdad
Iraqi Prime Minister Ali al-Zaidi is scheduled to pay an official visit to the Turkish capital, Ankara, on Tuesday.

According to a government source who spoke to Shafaq News Agency, the visit is important and will include discussions and agreements on security, economic and investment cooperation, as well as coordinating cooperation regarding oil and energy, increasing trade between the two countries, in addition to other files related to Read more…

$60 billion to redraw the oil map: Will al-Zaidi change the future of the Iraqi economy?

$60 billion to redraw the oil map: Will al-Zaidi change the future of the Iraqi economy?

7-26-2026

Researcher Shatha Khalil
For over fifty years, the Strait of Hormuz has been the vital artery connecting Gulf oil to the global economy, with roughly one-fifth of the world’s oil trade passing through it daily. This waterway has become one of the world’s most strategic chokepoints, as any military or political tension there directly impacts oil prices and threatens global energy security. For Iraq, the Strait of Hormuz was not merely a shipping lane; it represented the country’s almost sole gateway for exporting the bulk of its oil wealth, making the Iraqi economy Read more…

After internal measures, external borrowing is the government’s only way to secure salaries.

After internal measures, external borrowing is the government’s only way to secure salaries.

7-25-2026

Information / Special..
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Saturday, that salaries are a strategic issue in the life of financial policy in Iraq, and cannot be overlooked at all, as they are considered the source of income for about 40 million Iraqis.

Saleh told Al-Maalomah that “the issue of salaries, wages and pensions is a red line, as it directly affects the lives of 10 million Iraqis and indirectly affects 40 million Iraqis.”

He pointed out that “securing salary funds is done in two ways, the first being through what is available Read more…

The coordination framework will discuss finalizing nine ministerial portfolios next week.

The coordination framework will discuss finalizing nine ministerial portfolios next week.

7-25-2026

Information/Baghdad..
On Saturday, Uday Abdul Hadi, a member of the Coordination Framework, confirmed that the issue of deciding on nine portfolios in Ali al-Zidi’s government will be raised at the Framework Forces meeting next week.

Abdul-Hadi explained in his interview with Al-Maalouma that “the forces of the Coordination Framework will hold an important meeting next week that includes several files, most notably the effort to resolve nine ministerial portfolios, including sovereign ones, in Ali Al-Zidi’s government,” noting that “there have been intensive contacts during the past days Read more…

A complete closure of the airspace over Harir Air Base near Erbil amid heightened security measures.

A complete closure of the airspace over Harir Air Base near Erbil amid heightened security measures.

7-25-2026

Information/Erbil…
Informed sources revealed on Saturday that the Harir base near Erbil has been completely closed, and a warning has been issued against any aircraft approaching its airspace, amid a clear state of high alert.

The sources explained to Al-Maalomah that “the Harir base, where US forces are stationed near Erbil, has taken exceptional measures since the early morning hours, which included a complete closure of the base’s airspace and a warning against any approaching Read more…