IRAQI DINAR POLITICS & ECONOMY

After the Ain Al-Assad base… the US embassy is under attack and sirens sound in the Green Zone

After the Ain Al-Assad base… the US embassy is under attack and sirens sound in the Green Zone

7-8-2021

The US embassy in the Iraqi capital, Baghdad, came under a missile attack today, Thursday, in renewed attacks targeting US forces in Iraq and Syria, at a time when Washington blames Iranian-backed militias for the instability of Iraq.

Al-Jazeera correspondent in Baghdad stated that the embassy responded to the attack through its defense system, and sirens sounded inside the Green Zone in central Baghdad, Read more…

Economist: We will witness a major crisis next year if the dollar continues at its current price

Economist: We will witness a major crisis next year if the dollar continues at its current price

2021-07-08

Economic expert Ihsan Al-Kinani stressed, on Thursday, the need for the government to issue a decision to reduce the value of the dollar before holding early elections, pointing out that continuing at the current price will create a major crisis in the next year, especially since after Read more…

Parliamentary Economy: The Iraqi Stock Exchange is money laundering and drugs

Parliamentary Economy: The Iraqi Stock Exchange is money laundering and drugs

2021-07-08

The Parliamentary Committee on Economy and Investment accused the Iraq Stock Exchange, considering it a laundering of stolen money and drugs.

Committee member MP Hamid Al-Moussawi said in a press interview that “the Iraqi stock exchange is a laundering of stolen money and drugs,” calling on the government to “form a council Read more…

United Nations: Last night’s attack in Erbil is pushing Iraq towards the unknown

United Nations: Last night’s attack in Erbil is pushing Iraq towards the unknown

2021-07-07 01:04

Shafaq News/ The Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert, considered on Wednesday the attack that targeted Erbil International Airport yesterday evening, pushing Iraq “toward the unknown.”

Plasschaert said in a tweet today on the social networking sites “Twitter”, that these continuous attacks, and last night in Erbil again, is an abuse Read more…

Parliamentary Finance reveals: No dinars were returned to the Iraqi treasury through the “Anti-Corruption” campaign

Parliamentary Finance reveals: No dinars were returned to the Iraqi treasury through the “Anti-Corruption” campaign

Wednesday 7 July 2021 | 02:29 PM

Member of the Parliamentary Finance Committee, Representative Abdul Hadi Al-Saadawi, confirmed, on Wednesday, that no dinar will be returned to the Iraqi treasury through the anti-corruption campaign .

Al-Saadawi said, “We support any real anti-corruption campaign that ultimately yields positive results, including the recovery of the looted money Read more…

An international classification indicates the slow economic diversification in Iraq and the biggest challenge it faces

An international classification indicates the slow economic diversification in Iraq and the biggest challenge it faces

Wednesday 7 July 2021 | 09:42 AM

Moody’s Financial Rating Agency affirmed Iraq’s credit rating at Caa1 with a stable outlook .

Moody’s stated that the confirmation of the rating reflects the credit challenges Read more…

A statement from the US Embassy about the downing of the drone

A statement from the US Embassy about the downing of the drone

2021.07.06 – 10:22

Baghdad – people

The US embassy in Baghdad commented, on Tuesday, regarding the downing of the drone at dawn today in the capital, Baghdad.

And the embassy said in a statement that “Nass” received a copy of it, (July 6, 2021), that “in the early morning of July 6, the defense system was activated inside the American embassy compound in Baghdad and eliminated an air threat.”

“We are working with our Iraqi partners to investigate, and we will continue to take all appropriate and necessary Read more…

Parliamentary Finance: The rise in oil prices will contribute to the stability of the dollar exchange

Parliamentary Finance: The rise in oil prices will contribute to the stability of the dollar exchange

2021-07-06 08:29

Shafaq News/ The Parliamentary Finance Committee suggested, on Tuesday, that the rise in oil prices would contribute to stabilizing the exchange rate of the US dollar against the Iraqi dinar in the local markets.

Committee member Ahmed Al-Hajj Rashid told Shafaq News Agency, “Oil prices in global markets recorded their highest price in years after the OPEC group Read more…

By land, sea and air.. Iraqi faction threatens to strike America in Iraq and neighboring countries

By land, sea and air.. Iraqi faction threatens to strike America in Iraq and neighboring countries

2021-07-06 07:23

Shafaq News/ “The Sayyid Al-Shuhada Brigades”, one of the Iraqi factions, threatened on Tuesday to target US forces with a qualitative operation that could be land, air or sea, in response to the US raid in Al-Qaim last month, which killed 4 members of the brigade.

“We want to carry out an operation that everyone describes as revenge against Washington,” Abu Ala’ al-Walai, the secretary-general Read more…

Parliamentary Finance: The application of Al-Kazemi’s white paper is “almost impossible”

Parliamentary Finance: The application of Al-Kazemi’s white paper is “almost impossible”

Tuesday 6 July 2021 | 01:46 PM

A member of the Parliamentary Finance Committee, Jamal Kougar, considered, on Tuesday, that the implementation of the white paper announced by Mustafa Al-Kazemi’s government, is “almost impossible” in light of the political parties’ control of state resources, as he put it .

Cougar said, “The white paper announced by the government earlier was based Read more…

Al-Araji and Tueller discuss Al-Kazemi’s upcoming visit to Washington

Al-Araji and Tueller discuss Al-Kazemi’s upcoming visit to Washington

07-05-2021 05:21 PM

National Security Adviser Qassem Al-Araji received, in his office today, Monday, the American ambassador in Baghdad, Matthew Tueller, while the two parties discussed Al-Kazemi’s upcoming visit to Washington.

A statement by Al-Araji’s office said that he discussed with the US ambassador Read more…

Al-Kazemi’s advisor announces a new plan to attract foreign investment in electricity

Al-Kazemi’s advisor announces a new plan to attract foreign investment in electricity

2021-07-05 11:06

Shafaq News/ Hussein Allawi, advisor to Prime Minister Mustafa Al-Kazemi announced on Sunday that the Iraqi government has a new plan to attract investment to the electricity sector.

In a statement to CNBC Arabia, Allawi said that the government has a new strategic plan to attract foreign investments in the electricity sector and to construct stations Read more…

Parliamentary Economy: Two steps will prevent the theft of about 4 billion dollars annually in Iraq

Parliamentary Economy: Two steps will prevent the theft of about 4 billion dollars annually in Iraq

Monday 5 July 2021 | 10:10 am

A member of the Economy Committee in the House of Representatives, Nada Shaker, revealed, on Monday, two steps that can be implemented at the border crossings that will ensure that revenues reach the state treasury without being stolen .

Shaker said, “The Economic Committee provided many solutions and treatments for the government Read more…

Iraqi confusion in front of the scenario of the flight of foreign investors in the oil sector

Iraqi confusion in front of the scenario of the flight of foreign investors in the oil sector

7-5-2021

It was not long before the Iraqi Oil Minister, Ihsan Abdul-Jabbar, redressed his “dreadful” statements he made at the end of last week regarding the flight of major international investors in the Iraqi oil sector. It has been prolonged, and has made Iraq a country that repels investors in various sectors.

Abdul-Jabbar said on Sunday that Lukoil and BP want to Read more…

Parliamentary Finance shows the reasons for not being able to satisfy the budget deficit despite the fact that a barrel of oil reached $75

Parliamentary Finance shows the reasons for not being able to satisfy the budget deficit despite the fact that a barrel of oil reached $75

07-04-2021 12:26 AM

Today, Saturday, the Parliamentary Finance Committee explained the reasons behind the inability to bridge the fiscal deficit in the general budget, despite the price of a barrel of oil reaching $75.

The head of the committee, Haitham al-Jubouri, said in a statement that “so far, according to the new oil prices, the financial deficit in the budget has not been filled, despite the oil reaching $75, but Iraqi oil is lower than international prices, Read more…

Major oil companies are considering withdrawing from Iraq

Major oil companies are considering withdrawing from Iraq

2021-07-04 11:53

Shafaq News/ Iraqi Oil Minister Ihsan Abdul-Jabbar announced that the major oil companies operating in the country are considering giving up their activities, attributing the reason to the investment climate in the country.

He said: “The Russian “Lukoil” company sends official notifications saying Read more…

Involved in money laundering.. Parliamentary Integrity demands the disclosure of the names of banks belonging to politicians

Involved in money laundering.. Parliamentary Integrity demands the disclosure of the names of banks belonging to politicians

Sunday 4 July 2021 | 12:43 PM

A member of the Parliamentary Integrity Committee, Alia Nassif, demanded, on Sunday, the Governor of the Central Bank, Mustafa Ghaleb, to reveal the identity of the banks that launder money .

Nassif said, “There are banks and banks belonging to political figures and economic and partisan organizations that speculate on the money Read more…

Al-Kazemi calls on the Iraqi army to protect the electric power transmission towers

Al-Kazemi calls on the Iraqi army to protect the electric power transmission towers

7-4-2021

On Saturday, Iraqi Prime Minister Mustafa Al-Kadhimi called on the Joint Operations Command to strengthen the protection of electric power transmission towers, which are being targeted by terrorist groups and saboteurs.

During the first meeting of the emergency crisis cell to address the electricity situation in the country, the Prime Minister instructed the Ministry of Finance and other ministries to provide Read more…

Expert: Iraq’s oil revenues will reach 70 billion dollars by the end of the year

Expert: Iraq’s oil revenues will reach 70 billion dollars by the end of the year

2021.07.03 – 13:26

Baghdad – people

The economist, Manar Al-Obaidi, expected, on Saturday, that Iraq’s oil revenues would reach 70 billion dollars this year.

Al-Obaidi stated in a clarification followed by “Nass” (July 3, 2021), that “the amount of surplus achieved by oil revenues during the first six months of the year amounted to 9.8 trillion dinars, and the size of the surplus is expected to reach Read more…

A large political bloc is behind the complete shutdown of energy “due to a deal” .. and these are its details

A large political bloc is behind the complete shutdown of energy “due to a deal” .. and these are its details

2021-07-03

An official in the Iraqi Ministry of Electricity revealed the details of the resignation of Electricity Minister Majid Hantoush from his position, and what he described as the repeated “war of fires” during the past days for the country’s energy system.

Most Iraqi cities are witnessing programmed interruptions of electrical power, which reached its peak at dawn on Friday, when the national electricity network was disconnected from service in most regions Read more…