IRAQI DINAR POLITICS & ECONOMY

Adviser to the Prime Minister: Do not be overly optimistic about the rise in oil prices

Adviser to the Prime Minister: Do not be overly optimistic about the rise in oil prices

04-10-2021 09:26 AM

On Monday, the economic and financial advisor to the Prime Minister, Mazhar Muhammad Salih, warned of what he called “optimism” of the rise in oil prices, while noting that the reform of the economy starts with the non-oil financial sectors.
Saleh said in a statement to Al-Sabah newspaper: “The public finances depend on oil revenues by about 93%,” noting that “there is an energy crisis in the world, with both positive and negative Read more…

The Energy Council supports dialogue with Chevron to develop four exploration blocks in southern Iraq

The Energy Council supports dialogue with Chevron to develop four exploration blocks in southern Iraq

2021-10-04 04:35

Shafaq News/ The Ministerial Energy Council announced, on Tuesday, its support for dialogue with the American “Chevron” company to develop four exploration blocks in Dhi Qar Governorate, southern Iraq.

The council said in a statement received by Shafaq News Agency, that it “agreed, during its regular session, which was held today, to support the efforts Read more…

Dollar prices rise with the closure of Baghdad markets

Dollar prices rise with the closure of Baghdad markets

2021-10-04 09:08

Shafaq News/ The exchange rates of the dollar rose against the Iraqi dinar, on Monday, with the closure of the main stock exchange in Baghdad. Read more…

The Ministry of Planning announces measures to reduce inflation in the country

The Ministry of Planning announces measures to reduce inflation in the country

Monday 4 October 2021 | 03:45 PM

The Ministry of Planning announced, on Monday, measures to reduce inflation, while noting that it had risen 8% in August compared to the same month last year. The ministry’s spokesman, Abdul-Zahra Al-Hindawi, told the official news agency, “Inflation witnessed a rise in its rates after the change in the exchange rate of the dollar in November of last year, as it initially rose to Read more…

Iraqi banks acquire 99% of government bonds

Iraqi banks acquire 99% of government bonds

Monday 4 October 2021 | 12:30 PM

On Monday, a government source said that most of the bonds offered by the government are bought by banks through their cash reserves with the Central Bank of Iraq, while citizens are satisfied with only one percent of those bonds .

From time to time, the Central Bank issues bonds in favor of the Ministry of Finance, for the purpose of financing Read more…

Six days until the polling date.. How does the 2021 elections differ from the previous ones?

Six days until the polling date.. How does the 2021 elections differ from the previous ones?

2021-10-04

Six days separate us from the first early parliamentary elections without their usual date. These elections, which were due to be held in 2022, are being held, according to a new electoral law that adopts multiple electoral districts and voting for one candidate, which is supposed to limit the dominance of large parties on the political scene.

The number of voters in these elections Read more…

The leader of the Al-Fateh Alliance, Uday Al-Khadran: Expulsion of the US forces will be one of our first files in the next parliament

The leader of the Al-Fateh Alliance, Uday Al-Khadran: Expulsion of the US forces will be one of our first files in the next parliament

2021-10-04

The leader of the Al-Fateh Alliance, Uday Al-Khadran, confirmed, on Monday, that the first files of the next government will be the expulsion of US forces from the country.

Al-Khadran said in a press interview, “The expulsion of US forces from Iraq is an absolute priority in the country’s public security scene, and it cannot be retracted, and it cannot be Read more…

The rise in the exchange rates of the dollar in Baghdad

The rise in the exchange rates of the dollar in Baghdad

2021-10-03 08:13

Shafaq News/ The exchange rates of the US dollar rose against the Iraqi dinar, on Sunday, on the main stock exchange in the capital, Baghdad. Read more…

Iraq inaugurates a new berth at Khor Al-Zubair port for the export and import of petroleum products

Iraq inaugurates a new berth at Khor Al-Zubair port for the export and import of petroleum products

2021-10-03 03:53

Shafaq News/ Minister of Transport Nasser Hussein Bandar Al-Shibli inaugurated today, Sunday, oil berth A11 in Khor Al-Zubair port for the export and import of petroleum products.

The minister said in a press conference held today on the sidelines of the opening ceremony, that this oil project is one of the most important projects Read more…

Iraq seeks to turn the burdens of the desert into investment opportunities

Iraq seeks to turn the burdens of the desert into investment opportunities

10-3-2021

The Iraqi government turned its attention to the forgotten resources in the desert areas in order to make more use of the natural resources, in an effort to speed up the reform plans, which are still proceeding very slowly.

The Ministry of Oil revealed in a statement published on its Facebook account that it plans to launch a huge project to explore for natural gas in the country’s western desert.

A statement was quoted by the Minister of Oil, Ihsan Abdul-Jabbar, during an Read more…

Iraq’s oil exports to America drop to zero

Iraq’s oil exports to America drop to zero

2021-10-02 08:26

Shafaq News/ The US Energy Information Administration announced on Saturday that Iraq did not export any amount of crude oil to the United States during the past week.

The administration said in a report seen by Shafak News Agency that “the average US imports of crude Read more…

At the closure.. the rise in dollar prices in Baghdad markets

At the closure.. the rise in dollar prices in Baghdad markets

2021-10-02 08:23

Shafaq News/ The exchange rates of the dollar rose against the Iraqi dinar, on Saturday, with the closure of the main stock exchange in Baghdad. Read more…

Al-Kazemi issues six directives during an expanded meeting with the election security and the commission

Al-Kazemi issues six directives during an expanded meeting with the election security and the commission

2021-10-02 08:18

Shafaq News/ The Iraqi Prime Minister, Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi held, on Saturday, an expanded meeting with the Supreme Electoral Security Committee and the Electoral Commission, and issued several directives.

Al-Kazemi’s office said, in a statement Read more…

Deputy for the National Approach: The government and political parties cover the largest corruption operations through the currency auction

Deputy for the National Approach: The government and political parties cover the largest corruption operations through the currency auction

Saturday October 2, 2021 | 09:38 am

On Saturday, the National Nahj parliamentary bloc accused the government and political parties of covering up the largest corruption file for wasting public money, noting that corruption will not end without canceling the currency auction .

The representative of the bloc, Hussein Al-Aqabi, said, “The government’s revenue after the rise in oil prices exceeded 10 billion dinars in some months, but it did not achieve any prosperity or economic reform,” noting that “the measures Read more…

An American company exports military trucks to Iraq at a value of 200 thousand dollars per truck

An American company exports military trucks to Iraq at a value of 200 thousand dollars per truck

Saturday October 2, 2021 | 09:17 AM

The American Oshkosh Truck Company has won a contract worth 16 million dollars to export tactical trucks and heavy military transport trucks to Iraq, Lebanon and Malaysia .

A report by the US Defense News website, which specializes in military affairs, stated that “there are two types of trucks, one for heavy loads with a capacity Read more…

The Iraqi market stops its activity for one day

The Iraqi market stops its activity for one day

Saturday October 2, 2021 | 12:50 pm

On Saturday, the Iraqi Stock Exchange announced the suspension of its activity for a period of one day .

The market said in a statement, “Based on the decision of the Iraqi Council of Ministers to declare tomorrow Sunday an official holiday, the market management will not organize Read more…

Muqtada al-Sadr warns neighboring countries against interfering in the October elections

Muqtada al-Sadr warns neighboring countries against interfering in the October elections

2021.10.01 – 10:32

Baghdad – people

On Friday, the leader of the Sadrist movement, Muqtada al-Sadr, warned the neighboring countries of Iraq against interfering in the elections, because they are an internal affair.

Al-Sadr said in a blog post, seen by “Nass” (1 October 2021), that “the elections are an internal affair. Neighboring countries and others should not interfere in the internal affairs, neither by enticement Read more…

Finance: Borrowing powers are part of the budget until the formation of the new Iraqi government

Finance: Borrowing powers are part of the budget until the formation of the new Iraqi government

2021-10-01 07:59

Shafaq News/ The Ministry of Finance clarified on Friday that the borrowing powers within the recent decisions are part of the budget approved by the House of Representatives to address the transitional period until the formation of the new government.

The ministry said in a statement today, “False information has recently spread through irresponsible social media about the borrowing authorization Read more…

Al-Kazemi’s government takes 9 new decisions

Al-Kazemi’s government takes 9 new decisions

2021-09-30 08:45

Shafaq News/ During its weekly session, on Thursday, the Iraqi Council of Ministers took 9 new decisions, two of them related to the Corona pandemic and the health reality in the country.

Al-Kazemi’s office said in a statement received by Shafaq News Agency, that the Council of Ministers reviewed, during its session, the epidemiological report of the Corona pandemic, and the developments in the work of the Committee Read more…

The Ministry of Finance: The Agency (Standard & Poor’s) for credit rating commends the stability of the Iraqi economy

The Ministry of Finance: The Agency (Standard & Poor’s) for credit rating commends the stability of the Iraqi economy

2021-09-30 08:27

Shafaq News/ The Iraqi Ministry of Finance announced, on Thursday, the issuance of an international report praising the stability of the Iraqi economy.

A statement by the Media Office of the Ministry of Finance stated to Shafak News Agency; The report submitted by the Agency (Standard & Poor’s) on the credit rating praised the continuation of the Iraqi economy to maintain its credit rating Read more…