IRAQI DINAR POLITICS & ECONOMY

Economist warns: The G7 agreement threatens Iraq’s economy

Economist warns: The G7 agreement threatens Iraq’s economy

06/17/2021 13:50:06

An economist warned against the agreement of the major industrial countries at the last seven countries summit on the future of the oil industry in Iraq and its imports, which constitute more than 90% of the rentier state budget.

Saleh Al-Hashemi told {Euphrates News}, “Currently, we are in a predicament, and not only in the past years, as a result Read more…

Al-Kazemi’s advisor: It’s time to turn to solar energy to generate electricity

Al-Kazemi’s advisor: It’s time to turn to solar energy to generate electricity

Thursday 17 June 2021

On Thursday, Adviser to the Prime Minister for Financial and Economic Affairs, Mazhar Muhammad Salih, demanded the necessity of using solar energy to generate electric power, indicating that this energy is being started in the countryside .

Saleh said; “Part of the solution to the electricity crisis in Iraq is to resort to alternatives, which is to expand the use of solar energy Read more…

Political analyst: The government will buy its second term for 200 billion dinars!

Political analyst: The government will buy its second term for 200 billion dinars!

2021-06-17

Political analyst Karim Al-Khikani said that the government’s recent measure to hand over the region’s sum of 200 billion dinars retroactively is interpreted as an attempt to buy the second term through this sum to obtain the region’s support in the coming period.

Al-Khikani said in a statement to “Al-Maalouma”, that “political parties are often Read more…

Economic warnings of hard currency depletion due to its auction sale

Economic warnings of hard currency depletion due to its auction sale

10:01 – 16/06/2021

Information / Baghdad.

The economic expert, Nabil Jabbar Al-Ali, warned, on Wednesday, of the depletion of hard currency outside Iraq due to the auction of selling currency in the country, noting that sales increased by 25% over previous years.

Al-Ali said in a statement to “Al-Maalouma”, that “the rates of selling hard currency during the previous years were Read more…

Urgently Nazim reveals the most prominent decisions of the Council of Ministers, including the opening of exports without restrictions or conditions {extended}

Urgently Nazim reveals the most prominent decisions of the Council of Ministers, including the opening of exports without restrictions or conditions {extended}

06/15/2021 17:59:27

Cabinet spokesman, Hassan Nazim, revealed the most prominent decisions of the Council in its session held today, Tuesday.

Nazim said, during the weekly press conference, which was attended by the {Euphrates News} correspondent, about “a vote to open the export unconditionally and to reconsider the customs tariff, and also voted to expand the production Read more…

Economist: Returning the exchange rate to normal requires excluding this character

Economist: Returning the exchange rate to normal requires excluding this character

18:16 – 06/15/2021

information / special

The economist, Ali Al-Afandi, confirmed, on Tuesday, that reforming the wheel of the Iraqi economy and returning it to its normal state requires great risk and support.

Al-Afandi said, in a statement to the “Information Agency”, that “it is not easy for exchange rates to regain their normal position anymore, but there are bold steps that need a bold personality Read more…

Iraq announces its intention to build 8 nuclear reactors and chooses the implementing company

Iraq announces its intention to build 8 nuclear reactors and chooses the implementing company

06/15/2021 14:29:12

The head of the Iraqi Commission for the Control of Radioactive Sources, Kamal Hussein Latif, announced today, Tuesday, that the Russian company “Rosatom” will implement a project to build nuclear reactors in the country to provide electric power, stressing that talks with the company have made excellent progress in this regard. .

Latif said in a press statement, “We have a tendency to build 8 nuclear reactors Read more…

Parliamentary Finance: The coming days will witness an improvement in the dollar exchange rate

Parliamentary Finance: The coming days will witness an improvement in the dollar exchange rate

09:33 – 14/06/2021

Information/Baghdad.

A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Monday, that the coming days will witness further improvement in the dollar exchange rate, pointing out that speculators in the strongholds of the black market are behind the scheduled rise in the price.

Cougar said in a statement to “Al-Maalouma”, that “the stability of the natural exchange rate as stated Read more…

Parliamentary Energy: The oil and gas law will not pass without political consensus

Parliamentary Energy: The oil and gas law will not pass without political consensus

09:55 – 13/06/2021

Information/Baghdad.

On Sunday, a member of the Parliamentary Oil and Energy Committee, Ghaleb Muhammad, ruled out the legislation of the oil and gas law without a political agreement between Baghdad and the region, stressing that the law will be transferred to the next Read more…

Allawi discusses the implementation of the items of the projects that came in (the white paper)

Allawi discusses the implementation of the items of the projects that came in (the white paper)

06/13/2021 16:15:37

The Minister of Finance, Ali Abdul Amir Allawi, chaired, on Sunday, a meeting of the opinion board to discuss the implementation of the terms of the projects that came in the (white paper).

And the ministerial statement, which {Euphrates News} received a copy of, stated, “The meeting discussed, in the presence of the Prime Minister’s advisor, Alaa Al-Saadi, the Undersecretary, Read more…

Al-Rafidain Parliamentary Bloc: The rise in oil prices saved Iraq.. the “white paper” was not implemented

Al-Rafidain Parliamentary Bloc: The rise in oil prices saved Iraq.. the “white paper” was not implemented

Sunday 13 June 2021 | 01:18 pm

The head of the Rafidain Parliamentary Bloc, Yonadam Kanna, said on Sunday that oil prices saved Iraq from a stifling economic crisis, while noting that the white paper for economic reform proposed by the government has not been implemented Read more…

Al-Kazemi’s advisor announces the details of the economic reform program and its launch date

Al-Kazemi’s advisor announces the details of the economic reform program and its launch date

2021-06-12 | 10:46

Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the details of the first economic reform program in Iraq and the date of its launch, while indicating that there is an opportunity to make Iraq independent of oil dependency.

Saleh said, to the official agency: “Iraq has an opportunity that extends for ten years Read more…

Iraq announces raising its production capacity of gasoline to 4 million liters per day

Iraq announces raising its production capacity of gasoline to 4 million liters per day

2021-06-12 04:46

Shafaq News/ Oil Minister Ihsan Abdul-Jabbar announced on Saturday adding one million liters to the production capacity of gasoline, bringing it to 4 million liters per day.

This came during the opening ceremony of the gasoline improvement units “Al-Azra” and hydrogen production at the Dora refinery in Baghdad, according to a statement issued Read more…

Al-Rafidain offers banking facilities to support investment projects

Al-Rafidain offers banking facilities to support investment projects

06/12/2021 09:15:07

Rafidain Bank announced, on Saturday, the provision of banking facilities to support investment and commercial projects in Iraq.
The media office of the bank stated in a statement that {Euphrates News} received a copy of it, that “the bank is ready to finance and support various commercial and Read more…

Parliamentary Finance: The economic situation is very dangerous after the price of the dollar rose

Parliamentary Finance: The economic situation is very dangerous after the price of the dollar rose

Saturday 12 June 2021 | 09:27 AM

The Parliamentary Finance Committee revealed, on Saturday, its intention to hold a series of meetings and host the governor of the Central Bank of Iraq after the dollar rose against the dinar, indicating that the economic situation in Iraq will not bear more wrong decisions .

Committee member Shirwan Mirza said, “The continued rise Read more…

Criticism of the government because of its financial system and the failure to find solutions to crises

Criticism of the government because of its financial system and the failure to find solutions to crises

Posted, 2021-06-12

A number of politicians criticized, on Friday, the government’s continuation of the current approach in the financial policy that it has followed since it took power in the country, especially after it led the country to a significant deterioration and an increase in the poverty rate to 70 percent, despite the recovery of the financial situation of the government and the central bank Read more…

Because of the dollar’s rise, human rights appeal to the government

Because of the dollar’s rise, human rights appeal to the government

2021-06-11 | 11:22

Today, Friday, the High Commission for Human Rights in Iraq sent a request to the Iraqi government after the increase in the exchange rate of the US dollar against the Iraqi dinar.

A member of the Commission, Fadel Al-Gharawi, said in a statement received by Alsumaria News, “Fragile groups and people with limited income have been greatly affected by the government’s policy in raising the price of the dollar against the Iraqi dinar, which Read more…

Al-Khalisi warns against working with the 1 by 12 system next year

Al-Khalisi warns against working with the 1 by 12 system next year

12:50 – 11/06/2021

Information / Special

The economic affairs specialist, Safaa Al-Khalisi, warned against working with the 1 by 12 system next year, pointing out that the dollar will continue to rise and will take advantage of the absence of the legitimate government after the elections to raise the price of the dollar more than its current value.
Al-Khalisi told Al-Maalouma, “The dollar continues to rise without taking any Read more…

Parliamentary Economy: The rise of the dollar broke the back of the citizen, and the government must intervene

Parliamentary Economy: The rise of the dollar broke the back of the citizen, and the government must intervene

06/10/2021 14:06:23

The Parliamentary Economy and Investment Committee warned of the repercussions of the continued rise in the dollar exchange rate in local markets.

Committee member Nada Shaker said in a press statement, “The rise in dollar prices in the Iraqi markets broke the back of the citizen,” stressing that “the government has to control the markets and prevent the rise in commodity prices.”
She added, “The government and the political blocs that approved Read more…

Finance denies statements attributed to its minister regarding setting the price of the dollar at 300,000 dinars

Finance denies statements attributed to its minister regarding setting the price of the dollar at 300,000 dinars

2021-06-10

Today, Thursday, the Ministry of Finance denied statements attributed to the minister regarding the dollar exchange rate.

The media office of the Minister of Finance stated in a statement that “the Ministry of Finance denies what was reported by some media and news agencies about a statement attributed to Minister Ali Abdul-Amir Allawi (that the real value Read more…