IRAQI DINAR POLITICS & ECONOMY

The path to development: Iraq shortens the journey to Europe by approximately 11 days.

The path to development: Iraq shortens the journey to Europe by approximately 11 days.

2026-10-31

Shafaq News – Baghdad
The official spokesman for the Iraqi Ministry of Transport, Ali Al-Khalidi, confirmed on Saturday that the development road represents a sovereign national project linked to Iraq’s economic security, while pointing out that the road shortens the journey to Europe by approximately 11 days.

Al-Khalidi told Shafaq News Agency that the project starts from the Grand Faw Port and establishes an integrated corridor for land and rail transport and logistics services, linking Iraq to Turkey Read more…

Iraq signs contracts with 3 countries to transmit internet capacity to Europe

Iraq signs contracts with 3 countries to transmit internet capacity to Europe

2026-10-31

Shafaq News – Baghdad
The Iraqi Ministry of Communications announced on Friday evening that it will sign official contracts in the Qatari capital, Doha, with three important countries to pass their internet capacities through Iraq to Europe as a “transit”.

The signing will take place on November 9, on the sidelines of the International Telecommunication Union (ITU) meetings and elections, which Read more…

Comprehensive redevelopment of “Al-Habaniyah Tourist Resort”: Hotel, 377 chalets, and a safari city by 2027

Comprehensive redevelopment of “Al-Habaniyah Tourist Resort”: Hotel, 377 chalets, and a safari city by 2027

2026-10-31

Shafaq News – Anbar
The tourist city of Habbaniyah in Anbar province is heading towards a new phase of development and reconstruction, which includes the construction of a hotel and 377 chalets, the rehabilitation of recreational and service facilities, and the creation of a safari city, in a project aimed at reviving one of the most prominent tourist destinations in Iraq, and stimulating economic activity in the province. Read more…

A source suggests that Iraqi retirees’ pensions for November will be released tomorrow, Sunday.

A source suggests that Iraqi retirees’ pensions for November will be released tomorrow, Sunday.

2026-10-31

Shafaq News – Baghdad
An informed source indicated on Saturday that the pensions for the month of November will be disbursed on Sunday, noting that the relevant authorities are currently working to complete the necessary administrative and technical procedures to launch the disbursement process. Read more…

Import Control Authority: State revenues up to last August amounted to approximately 45.355 trillion dinars

Import Control Authority: State revenues up to last August amounted to approximately 45.355 trillion dinars

10-31-2026

The General Authority for Monitoring the Allocation of Federal Revenues announced on Saturday that revenues reached approximately 45.355 trillion dinars by the end of August. It also indicated that 77% of Iraq’s revenues up to August 2026 were oil-related. The head of the General Authority for Monitoring the Allocation of Federal Revenues, Suzan Abdullah Mohammed, told the official news agency that “the 2027 budget is still in the drafting stage Read more…

Al-Sakini confirms the existence of American plans to ensure that agricultural crops are not imported from Iran.

Al-Sakini confirms the existence of American plans to ensure that agricultural crops are not imported from Iran.

10-30-2026

Information/Baghdad…
Ibrahim al-Sakini, a member of the State of Law Coalition, confirmed the existence of American plans aimed at preventing trade and the import of agricultural crops and foodstuffs from Iran.
Al-Sakini told Al-Maalouma, “Attempts to close some border crossings with Iran will lead to a disruption in the flow of goods, commodities, and foodstuffs, Read more…

Al-Jubouri: Raising the dollar exchange rate doubles agricultural production costs by 20%

Al-Jubouri: Raising the dollar exchange rate doubles agricultural production costs by 20%

10=30-2026

The former member of the Parliamentary Committee on Agriculture and Water ,
Thaer al-Jubouri, confirmed on Friday that agricultural production costs in Iraq have increased by 15 to 20 percent following the rise in the dollar exchange rate, noting that this will place a heavy burden on farmers in the country.
Speaking to Al-Maalomah, al-Jubouri explained that “the agricultural sector in Iraq has faced accumulated challenges over many years, particularly the very high rates of production costs.” Read more…

Iraq regains full membership in the International Olive Council

Iraq regains full membership in the International Olive Council

2026-10-30

Shafaq News – Madrid
The Iraqi Ministry of Agriculture announced on Thursday evening that Iraq has regained its full membership in the International Olive Council, after fulfilling the legal and diplomatic requirements.

During a ceremony held at the Council’s headquarters in Madrid, organized by the Iraqi Embassy in Spain in cooperation with the Executive Secretariat, the Iraqi flag was raised in the presence of the Executive Director, representatives of member states, and ambassadors. Read more…

Washington accuses Iran of “exploiting factions to steal Iraq’s resources” and rejects its role in stabilizing the country.

Washington accuses Iran of “exploiting factions to steal Iraq’s resources” and rejects its role in stabilizing the country.

2026-10-30

Shafaq News – Washington
The US State Department affirmed on Friday that Washington’s strategy towards Iraq is based on supporting its sovereignty and enhancing its security and economic stability, while stressing that Iran cannot play any role in achieving these goals, accusing Tehran of exploiting armed factions to seize the resources of the Iraqi people. Read more…

Reuters: Qatari mediators have returned to Iran

Reuters: Qatari mediators have returned to Iran

10-30-2026

A source familiar with the matter told Reuters that Qatari mediators returned to Tehran on Friday as part of efforts to broker an agreement between the United States and Iran. The source added that the mediation talks are being conducted in coordination with Washington.

In the same vein, The Washington Post quoted US officials as saying that Iranian leaders viewed Vice President J.D. Vance’s direct message as a sign of respect, but there are still no indications Read more…

World Bank: We are discussing with the Iraqi government granting it a loan program for “financial rescue”.

World Bank: We are discussing with the Iraqi government granting it a loan program for “financial rescue”.

10-30-2026

The World Bank announced (Thursday, October 29, 2026) that it held a series of meetings with the Iraqi government to explore “opportunities to provide financial loans to Baghdad in order to develop a financial rescue program for the Iraqi economy.”

The bank, according to its spokeswoman Julia Kozak, said that the Iraqi economy is expected to shrink by Read more…

International Monetary Fund: We are preparing to lend to Iraq

International Monetary Fund: We are preparing to lend to Iraq

2026-10-29

Shafaq News – Washington
The International Monetary Fund announced on Thursday that it is preparing a new lending program for Iraq, whose economy has been severely damaged by the repercussions of the war with Iran, after beginning talks with authorities in Baghdad.

“Our plan now is to engage with the authorities to better understand their Read more…

Al-Zaydi assumes the presidency of the intelligence service.

Al-Zaydi assumes the presidency of the intelligence service.

2026-10-29

Shafaq News – Baghdad
The spokesman for the Commander-in-Chief of the Iraqi Armed Forces, Sabah al-Nu’man, announced on Thursday evening that Prime Minister Ali Faleh al-Zaidi had assumed the duties of the head of the intelligence service from a lower position.

Al-Nu’man said in a statement received Read more…

The Popular Mobilization Forces Law is caught in the crossfire of disputes… Why did the government withdraw it from parliament?

The Popular Mobilization Forces Law is caught in the crossfire of disputes… Why did the government withdraw it from parliament?

10-29-2026

Information/Report…
Many questions have been raised about the motives and objectives behind the government’s decision to withdraw the Popular Mobilization Forces (PMF) law from parliament. Parliamentary sources have confirmed disagreements within the council regarding several clauses of the law, which is delaying its enactment indefinitely, possibly until next year. This is especially concerning Read more…

MP: The money recovery law will end the inflation of officials’ wealth.

MP: The money recovery law will end the inflation of officials’ wealth.

10-29-2026

Information/Baghdad…
Member of Parliament, MP Mohammed Karim, affirmed on Thursday that the passage of the Asset Recovery Law is among the most important laws that will define the mechanism for managing public funds. He indicated that it will represent a new starting point for empowering the judiciary and the Integrity Commission in pursuing corrupt individuals.
Karim told the Information Agency, “This law is of paramount importance Read more…

MP: 2027 budget to reach parliament mid-next month

MP: 2027 budget to reach parliament mid-next month

10-29-2026

Information/Special…
Member of Parliament, Rabie al-Moussawi, revealed today, Thursday, the expected date for sending the draft federal budget law for 2027 to Parliament. He indicated that parliamentary estimates suggest the financial tables and articles will arrive by the middle of next month, allowing for discussions to begin in Parliament. Read more…

The Finance Committee is reviewing the total public debt and loans within the 2027 budget.

The Finance Committee is reviewing the total public debt and loans within the 2027 budget.

10-29-2026

The Parliamentary Finance Committee discussed on Thursday the total public debt and loans included in the 2027 budget. In a statement received by Al-Maalomah News Agency, the committee said, “The committee discussed with the Director General of the Public Debt Department a number of files related to public debt and loans included in the draft federal budget law for the fiscal year 2027.” The statement added, “The committee discussed the total internal and external public debt, the total sovereign and non-sovereign guarantees Read more…

Officially, the Iraqi parliament postpones its session, and the blocs are moving towards resolving the committees in a “single package”.

Officially, the Iraqi parliament postpones its session, and the blocs are moving towards resolving the committees in a “single package”.

2026-10-29

Shafaq News – Baghdad
On Thursday, Ali Al-Azirjawi, a member of the State of Law Coalition, stated that the parliamentary blocs had requested the Iraqi Parliament’s leadership to postpone the session for two weeks in order to reach an understanding on the chairmanship of the parliamentary committees, stressing that there were political differences hindering their approval individually. Read more…

Kurdistan’s resources respond with 5 points to Ala Talabani: Our production is 255,000 barrels and our oil is under Baghdad’s supervision

Kurdistan’s resources respond with 5 points to Ala Talabani: Our production is 255,000 barrels and our oil is under Baghdad’s supervision

2026-10-29

Shafaq News – Erbil
The Ministry of Natural Resources in the Kurdistan Regional Government expressed on Thursday its categorical rejection of the “false, misleading and false” claims made by former Federal Parliament member Ala Talabani on the local satellite channel (Al-Oula), known for its hostile stances towards the Kurdistan Region, regarding oil production in the region, its exports and the international oil companies operating there. The Ministry denied accusations of oil smuggling operations from the region, and affirmed that the Federal Ministry of Oil oversees exports. Read more…

At a cost of 1.4 trillion dinars, the establishment of the “Basra Homeland City” residential project has been announced.

At a cost of 1.4 trillion dinars, the establishment of the “Basra Homeland City” residential project has been announced.

2026-10-29

Shafaq News – Basra
The National Investment Commission in Iraq announced on Wednesday evening that it had granted an investment license for the “Basra Homeland Residential City” project, with a total investment cost exceeding 1.4 trillion Iraqi dinars.

The authority explained in a statement received by Shafaq News Agency that the project is located in Basra Governorate, and will be implemented in five consecutive phases by the same investing Read more…