IRAQI DINAR POLITICS & ECONOMY

An American bank expects that OPEC + will not respond to Washington: a barrel of oil reaches $ 80 at the end of the year

An American bank expects that OPEC + will not respond to Washington: a barrel of oil reaches $ 80 at the end of the year

2021-08-13 01:56

Shafaq News/ The US investment bank Goldman Sachs said the US’s recent call for OPEC + to boost oil production is unlikely to lead to increased production in the short term given the threat of demand from the delta strain of the Corona virus.

On Wednesday, the administration of US President Joe Biden urged the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC +, to increase production Read more…

Iraq is the new power broker in the Middle East

Iraq is the new power broker in the Middle East

8-13-2021

After decades of merely introducing chaos, Baghdad is trying to become a leading power in the region. Iraqi Prime Minister Mustafa al-Kadhimi listens while US President Joe Biden speaks.
Iraqi Prime Minister Mustafa al-Kadhimi listens as US President Joe Biden speaks during a bilateral meeting in the Oval Office of the White House in Washington on July 26,
Turkish Ahval Turkish news website reported last week that the Iraqi government had invited Read more…

Parliamentary Finance proposes adopting a price of 55 dollars per barrel of oil in the budget

Parliamentary Finance proposes adopting a price of 55 dollars per barrel of oil in the budget

Thursday August 12, 2021 | 08:43 AM

The Parliamentary Finance Committee proposed a price of 55 dollars per barrel of oil as an appropriate price for building the 2022 budget, noting that sending a realistic budget to Parliament would greatly facilitate the committee’s work, as the 2021 budget was very exaggerated .

Committee member Jamal Cougar said, in an interview Read more…

The war of energy towers in Iraq.. from Karbala to Salah al-Din and Nineveh

The war of energy towers in Iraq.. from Karbala to Salah al-Din and Nineveh

8-12-2021

It seems that the war to sabotage Iraq is still going on, as the frequency of the destruction of power transmission towers increased and expanded to include Hodeidah governorates.

Today, Thursday, the Directorate of Electricity Transmission Networks in Salah al-Din Governorate announced the fall of two towers for transmitting Read more…

Oil Minister: Iraq plans to increase production to 8 million barrels per day

Oil Minister: Iraq plans to increase production to 8 million barrels per day

August 11, 2021 01:25 PM

Mubasher: Iraqi Oil Minister Ihsan Abdul-Jabbar confirmed today, Tuesday, that Iraq plans to increase its oil production to 8 million barrels per day.

Abdul-Jabbar told the Iraqi News Agency “INA”, “The Ministry of Oil plans to increase oil production to eight million barrels per day Read more…

Disclosure of two requests made by Al-Kazemi to Biden: “It deserves some thought.”

Disclosure of two requests made by Al-Kazemi to Biden: “It deserves some thought.”

2021-08-11 07:47

Shafaq News/ The American magazine “Defense One” specialized in military affairs revealed, on Wednesday, that Iraqi Prime Minister Mustafa Al-Kazemi submitted two requests to US President Joe Biden during his recent visit to Washington, stressing that the US strategy in dealing with Iraq was corrected to be “normal”. And diversion of US aid to flow in order to strengthen Read more…

Sulaymaniyah… Launching the “Made in Iraq” exhibition with the participation of 45 companies

Sulaymaniyah… Launching the “Made in Iraq” exhibition with the participation of 45 companies

2021-08-10 05:57

Shafaq News/ The activities of the Sulaymaniyah National Industries Exhibition kicked off on Tuesday, with the participation of 45 Iraqi companies from various industrial and food specialties, in a move to encourage the local consumer to support national production.

The organization of the National Exhibition of Iraqi Industries, Read more…

Prices of foreign currencies and precious metals in Iraq

Prices of foreign currencies and precious metals in Iraq

2021-08-10 | 04:00

Alsumaria news

Alsumaria News publishes the prices of foreign currencies and precious metals in the Iraqi local markets on Tuesday. Read more…

Iran completely stops supplying electricity to Iraq

Iran completely stops supplying electricity to Iraq

8-10-2021

The Iraqi Minister of Electricity, Adel Karim confirmed that the supply of electricity from the Iranian side is completely non-existent, while a senior official in the Iranian Electricity Management Company announced the suspension of the export of electricity to Iraq.

In Baghdad, the Iraqi Minister of Electricity, Adel Karim, said that the reasons Read more…

Iraq’s oil exports to America exceeded “six million” barrels last July

Iraq’s oil exports to America exceeded “six million” barrels last July

2021-08-09 02:38

Shafaq News/ The US Energy Information Administration announced on Monday that Iraq’s oil exports to America exceeded 6 million barrels during the month of July.

The administration said in its schedule, seen by Shafak News Agency, that “Iraq exported 6 million and 660 thousand barrels of crude oil to America during the past month, at a rate of Read more…

A source reveals: Iraq will sponsor direct talks between Iran and America at the Baghdad summit

A source reveals: Iraq will sponsor direct talks between Iran and America at the Baghdad summit

2021-08-09 07:45

Shafaq News/ An informed government source revealed, on Monday, that Iraq is seeking to sponsor direct talks between the United States and Iran during the Baghdad summit expected at the end of this month, which brings together leaders of neighboring countries.

The source told Shafaq News Agency, “Prime Minister Mustafa Al-Kazemi will work, through the Baghdad summit, to conduct a direct dialogue Read more…

A parliamentary warning to the government against heading towards international borrowing again

A parliamentary warning to the government against heading towards international borrowing again

Monday 9 August 2021 | 11:23 am

On Monday, a member of the Parliamentary Economy and Investment Committee, Mahmoud Al-Zajrawi, warned the government of Prime Minister Mustafa Al-Kazemi against going to borrow from the International Monetary Fund .

Al-Zajrawi said that “the serious approach to obtaining non-oil revenues lies in activating internal and external investment,” noting that Read more…

Iraq sets the price of a barrel of oil in next year’s budget

Iraq sets the price of a barrel of oil in next year’s budget

Monday 9 August 2021 | 05:42 PM

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, set, on Monday, the expected new oil sale price within the draft federal budget law in Iraq for the year 2022, while setting the condition for reducing the likely deficit in the new budget. Saleh said, “The price of a barrel of exported oil in the estimates of the general budget for 2022 will be higher Read more…

The systematic targeting of electricity towers in Iraq deepens suspicions towards Iran’s militias

The systematic targeting of electricity towers in Iraq deepens suspicions towards Iran’s militias

8-9-2021

BAGHDAD – The continued targeting of electricity towers in Iraq deepens doubts about who benefits from this, despite the Iraqi authorities pointing the finger at ISIS, but it did not prevent some from not hesitating to raise suspicions about the Iranian-backed militias whose interests and the accounts of their operators often require shuffling. And the complexity of crises, as is the case now in the process of Read more…

A government source discloses the reasons for the rise of the dollar in the Iraqi markets

A government source discloses the reasons for the rise of the dollar in the Iraqi markets

2021-08-08 02:01

Shafaq News/ A source in the Iraqi government considered, on Sunday, that the rise in dollar prices is within a limited range, indicating that the holidays and the suspension of the Central Bank auction to sell hard currency affect it.

The source said in an interview with Shafaq News Agency, “The rise we are witnessing today and Saturday is in a limited range, and the dollar exchange rate Read more…

Tohme: We reject the government’s approach to borrowing from the International Monetary Fund and warn of its severe damage

Tohme: We reject the government’s approach to borrowing from the International Monetary Fund and warn of its severe damage

Sunday August 8, 2021 | 01:43 PM

The head of the National Nahj bloc, Ammar Tohme, confirmed today, Sunday, his rejection of the government’s approach to borrowing from the International Monetary Fund, while warning of its severe damage to the country.

Tohme said in a statement, “We reject the government’s tendency to borrow four billion dollars from the International Monetary Fund, especially since the Minister of Finance announced Read more…

The Minister of Finance stresses the importance of adopting systematic mechanisms and steps in accordance with the white paper

The Minister of Finance stresses the importance of adopting systematic mechanisms and steps in accordance with the white paper

Sunday August 8, 2021 | 03:27 PM

On Sunday, Finance Minister Ali Abdel Amir Allawi stressed the importance of adopting systematic mechanisms and steps, according to what was stated in the white paper. And the Ministry’s media office stated in a statement, “The Minister of Finance, Abdul Amir Allawi, chaired the sixteenth session of the committee Read more…

The rise in the monthly and annual inflation index in Iraq

The rise in the monthly and annual inflation index in Iraq

Sunday August 8, 2021 | 01:29 PM

Today, Sunday, the Ministry of Planning announced that the inflation index for the month of June increased by 0.7%, and the annual rate by 6.5 %.

And the Ministry’s Central Statistics Agency said in a report that “the monthly inflation index for the month of June rose by 0.7% compared to the previous month,” noting that “the annual inflation index Read more…

In the presence of the United Nations, the government palace hosts a high-level meeting on the elections

In the presence of the United Nations, the government palace hosts a high-level meeting on the elections

2021-08-07 | 11:41

Today, Saturday, the Prime Minister, Mustafa Al-Kazemi, and the national political forces, confirmed that the elections will be held on their scheduled date, on the tenth of next October.
The Media Office of the Prime Minister said in a statement, received by Alsumaria News, that “a meeting of the National Forces was held in the government palace, today, Saturday, under the patronage of Prime Minister Mustafa Al-Kazemi, in the Read more…

Shabandar: Humiliating efforts in which Arab parties participated in persuading the American side to issue an invitation to meet Biden

Shabandar: Humiliating efforts in which Arab parties participated in persuading the American side to issue an invitation to meet Biden

Saturday 7 August 2021 | 04:25 pm

Iraqi politician Izzat al-Shabandar revealed, on Saturday, efforts he described as “humiliating” to persuade the American side to issue an invitation to submit pledges of obedience and loyalty to US President Joe Biden. Shabandar said Read more…