IRAQI DINAR POLITICS & ECONOMY

A split hits the Kurdistan Union over Barham Salih’s second term

A split hits the Kurdistan Union over Barham Salih’s second term

2021-09-21

On Tuesday, a political source revealed that the old leaders of the Patriotic Union of Kurdistan (PUK) refused to nominate the President of the Republic, Barham Salih, for a new term.

The source said that “the old leaders and prominent leaders in the Political Bureau and the Leadership Council nominate the official of the party’s working body, Mullah Bakhtiar, to take over the presidency Read more…

For the first time since 2019, there is talk of a “no deficit” financial surplus in Iraq

For the first time since 2019, there is talk of a “no deficit” financial surplus in Iraq

2021-09-20 08:20

Shafaq News / The Parliamentary Finance Committee announced, on Monday, that the salaries of employees will be secured for the current year, while it indicated that there is a surplus in the current budget.

This is the first time that a competent executive or legislative body has talked about the existence of a financial abundance, not Read more…

A slight change in the exchange rates of the dollar in the Iraqi markets

A slight change in the exchange rates of the dollar in the Iraqi markets

Monday 20 September 2021 | 10:16 am

The exchange rates of the dollar against the Iraqi dinar on a daily basis, according to the variables of the currency exchange market in the capital, Baghdad, and the provinces of the country . Read more…

Parliamentary Finance: The 2022 draft budget is incomplete and will arrive with the election date

Parliamentary Finance: The 2022 draft budget is incomplete and will arrive with the election date

Monday 20 September 2021 | 01:01 PM

A member of the Parliamentary Finance Committee, Jamal Cougar, said on Monday that the draft federal budget law for the year 2022 is still incomplete with the Ministry of Finance, stressing that the draft must reach the House of Representatives on the tenth of next October, i.e. the date of the elections .

Cougar said, “The draft federal budget law is bound by specific timelines Read more…

Barham Salih looks forward from Erbil to a second term: I have a lot to offer for the post of president

Barham Salih looks forward from Erbil to a second term: I have a lot to offer for the post of president

9-20-2021

Sources close to Iraqi President Barham Salih confirmed that he did not hesitate to announce his desire to continue for a second presidential term. The sources said in a statement to “Al-Arab” that Saleh enjoys a regional consensus on the importance of his balanced role in the Iraqi presidency, as well as working on rapprochement between the countries of the region.

She added that the Sunni and Shiite political forces see in favor of the most suitable for this position, but the matter ultimately depends on Read more…

Baghdad markets closed at an increase in the price of the dollar

Baghdad markets closed at an increase in the price of the dollar

2021-09-19 08:27

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

Expert: The next government can achieve an unprecedented economic achievement.. How?

Expert: The next government can achieve an unprecedented economic achievement.. How?

Sunday 19 September 2021 | 01:43 PM

The economic expert, Safwan Qusay, expected, on Sunday, that the next government will rely on the available financial liquidity without resorting to internal and external borrowing, indicating that this step is the most important achievement for it .

Qusay said, “The current government has raised the price of the dollar significantly, which has increased financial liquidity Read more…

Rights movement: We will press in the next parliament to approve the investment and oil and gas laws

Rights movement: We will press in the next parliament to approve the investment and oil and gas laws

2021-09-19

The rights movement confirmed, on Sunday, that it is showing great interest during its electoral platform for the economy and focuses on pressing for the approval of the investment law and the oil and gas law, as they are the most important laws that activate the national economy.

A member of the movement, Kazem Haboub al-Harishawi, said in a statement to “The Information”. “The issue of activating the Iraqi economy and its exit from Read more…

Representative of Al-Fath Hamid Al-Moussawi: The government did not keep its promise to the citizen after raising the dollar exchange rate

Representative of Al-Fath Hamid Al-Moussawi: The government did not keep its promise to the citizen after raising the dollar exchange rate

2021-09-19

A member of the Parliamentary Committee on Economy and Investment, Hamid Al-Moussawi, confirmed on Sunday that the government did not abide by its promises it made after raising the dollar exchange rate in the local markets, pointing out that many of the revenues were not used properly, which caused suffering, especially Read more…

The Electoral Commission reveals to Shafak News the details of the special vote

The Electoral Commission reveals to Shafak News the details of the special vote

2021-09-18 09:01

Shafaq News/ The Independent High Electoral Commission in Iraq revealed today, Saturday, the details of the special voting for the early parliamentary elections.

Commission spokeswoman Jumana Al-Ghalai told Shafaq News Agency, “The special vote for the security services, the displaced, and the prison inmates, will take place on Read more…

Baghdad markets close to the stability of dollar exchange rates

Baghdad markets close to the stability of dollar exchange rates

2021-09-18 07:56

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

The International Monetary Fund expects the debt ratio in Iraq to drop to 70%

The International Monetary Fund expects the debt ratio in Iraq to drop to 70%

Saturday 18 September 2021 | 01:10 PM

On Saturday, the International Monetary Fund expected that the ratio of Iraq’s public debt to GDP would reach 70% during 2021 .

The fund said, “The ratio of the public debt to the gross domestic product of Iraq amounted to 81.2% during the year 2020,” and expected “a decrease for the current year 2021 to 69.7 %.”

He added that “the decline in debt in Iraq comes after Read more…

Al-Kazemi’s advisor acknowledges the existence of a financial deficit in the draft budget 2022

Al-Kazemi’s advisor acknowledges the existence of a financial deficit in the draft budget 2022

Saturday 18 September 2021 | 02:31 PM

The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, acknowledged, on Saturday, the existence of a financial deficit in the draft general federal budget law for the year 2022, indicating that it is of a consumer nature and there is nothing left for development and projects .

Saleh said, “The public financial dilemma in Iraq is that oil and non-oil revenues Read more…

Accelerating the withdrawal of US combat forces from Iraq: support for Al-Kazemi and the success of the elections

Accelerating the withdrawal of US combat forces from Iraq: support for Al-Kazemi and the success of the elections

9-18-2021

In the first practical measure to implement the Iraqi-American agreement to withdraw combat forces from the country by the end of this year, Iraqi and American military leaders held an expanded meeting in Baghdad, on Friday morning, which led to an agreement stipulating the start of the process of reducing American combat capabilities in the country, which are located within two bases. “Harir” in Erbil and “Ain al-Assad” in Anbar, with the completion of the operation Read more…

The Kurdistan Democratic Party is likely to return its headquarters to Article 140 areas at the end of this year

The Kurdistan Democratic Party is likely to return its headquarters to Article 140 areas at the end of this year

2021-09-17 09:03

Shafaq News / The Kurdistan Democratic Party suggested, on Friday, the return of its party and political headquarters to the disputed areas before the end of this year, while confirming the existence of full agreements and understandings for the gradual return of the party’s headquarters to those areas.

The Kurdistan Democratic Party was forced to leave its headquarters in the disputed areas covered by Article 140 of the Constitution after the military campaign Read more…

Iraq defines mechanisms for recovering smuggled funds abroad

Iraq defines mechanisms for recovering smuggled funds abroad

September 17, 2021 2:57 PM

Mubasher: The Parliamentary Integrity Committee identified, today, Friday, the methods of recovering the smuggled funds outside Iraq, while the funds smuggled abroad were divided into two parts.

Committee member Sabah Talobi told the Iraqi News Agency (INA): “There is a committee on the issue of recovering looted funds and it is reinforced by the issuance of a law (from where did you get this?), which had an important Read more…

Shafak News publishes the text of the Iraqi government’s decisions

Shafak News publishes the text of the Iraqi government’s decisions

2021-09-17 07:58

Shafaq News/ The Iraqi government held its weekly session, headed by Mustafa Al-Kazemi, on Thursday, during which it took a number of decisions.

According to a statement by Al-Kazemi’s office received by Shafaq News Agency, after discussing the topics on the agenda, the Council of Ministers issued the following decisions:

First / Based on what was stated in the instructions for implementing the federal budget for the year 2021, Read more…

Economist: Iraq’s annual imports exceed 140 trillion dinars

Economist: Iraq’s annual imports exceed 140 trillion dinars

2021-09-16 | 04:38

Alsumaria news

The economic expert, Nasser Al-Kinani, confirmed, today, Thursday, that the main problem in each budget is the operational budget allocations, while referring to Iraq’s annual imports, according to oil prices currently, in addition to other revenues, which exceed 140 trillion dinars.

Al-Kinani said in an interview with Alsumaria News, “Next year’s budget is still in the government’s inclusion, Read more…

A slight increase in the exchange rates of the dollar in Baghdad and its stability in Kurdistan

A slight increase in the exchange rates of the dollar in Baghdad and its stability in Kurdistan

2021-09-16 08:34

Shafaq News/ The exchange rates of the US dollar rose slightly against the Iraqi dinar, on Thursday, in the main stock exchange in the capital, Baghdad, while prices stabilized in Kurdistan. Read more…

Iraq reveals the recovery of $38 million “smuggled” from three countries

Iraq reveals the recovery of $38 million “smuggled” from three countries

2021-09-16 06:35

Shafaq News/ The Deputy Head of the Iraq Funds Recovery Fund, Moataz Al-Abbasi, revealed on Thursday that about $38 million in Iraqi funds were recovered abroad.

The Iraqi capital, Baghdad, is hosting the work of the second day of the International Conference for the Recovery of Stolen Funds and Smuggled Assets, under the auspices of Prime Minister Mustafa Al-Kazemi, with Read more…