IRAQI DINAR POLITICS & ECONOMY

A legal expert explains the fate of the corrupt individuals’ money and properties.

A legal expert explains the fate of the corrupt individuals’ money and properties.

7-11-2026

Information / Baghdad…
Legal expert Ali al-Tamimi confirmed on Saturday that the government cannot confiscate or directly dispose of funds, assets, and real estate seized during investigations into those accused of financial and administrative corruption. Instead, these are deposited in a special fund until final judicial rulings are issued.
Al-Tamimi told the Information Agency that “the seizure of funds, real estate, and vehicles belonging to those accused of corruption by security and oversight agencies falls under temporary Read more…

The era of transparency: Parliament confronts corruption with the weapon of interrogations.

The era of transparency: Parliament confronts corruption with the weapon of interrogations.

7-11-2026

Information / Report…
In a move that heralds a crucial transitional phase, parliamentary oversight has returned with unprecedented force. Parliamentary procedures are no longer mere routine actions, but have transformed into a public confrontation aimed at unlocking long-standing corruption cases and reactivating the long-dormant tool of parliamentary questioning. Under the dome of the assembly, the walls of silence have begun to crumble as sensitive issues and suspicions of public funds mismanagement emerge from closed drawers into platforms of transparency and accountability. This places Read more…

“Rights” is taking action to stop the misappropriation of public funds and end “exceptions” in government contracts.

“Rights” is taking action to stop the misappropriation of public funds and end “exceptions” in government contracts.

7-11-2026

Information / Special..
MP Saud Al-Saadi, from the parliamentary rights bloc, revealed on Saturday that there are numerous files related to various sectors that will be opened during the upcoming sessions of the House of Representatives, especially issues related to combating corruption and protecting public funds.

Al-Saadi told Al-Maalouma that “the Rights Bloc will adopt the vote on the government contracts law as a fundamental step to close the loopholes for wasting public money.” Read more…

Al-Zaydi announces the government’s readiness to support the return of Christians and includes them in the “One Million Residential Plots” project.

Al-Zaydi announces the government’s readiness to support the return of Christians and includes them in the “One Million Residential Plots” project.

2026-07-11

Shafaq News – Baghdad
Prime Minister Ali Faleh al-Zaidi announced on Saturday that the government is ready to provide all necessary facilities to support the return of Christian families to the country, stressing that they are included in the project of one million residential plots.

This came during his reception in Baghdad of the Patriarch of the Chaldean Church in Iraq and the world, His Beatitude Patriarch Mar Paul III Nona, and the delegation accompanying him, which included Read more…

Al-Zaydi goes to Washington to bargain with Trump: weapons for the factions in exchange for a broader partnership.

Al-Zaydi goes to Washington to bargain with Trump: weapons for the factions in exchange for a broader partnership.

2026-07-11

Shafaq News – Special Translation
All eyes are on the upcoming visit of Iraqi Prime Minister Ali al-Zubaidi to the White House next week, as it is considered one of the most sensitive stops in Iraqi-American relations in years, as it comes amid escalating pressure on Baghdad to resolve the issue of armed factions, in contrast to Iraqi efforts to transform the relationship with Washington into a broad economic and investment partnership.

According to a report by the Middle East Eye website , US President Donald Trump views Iraq through the lens of Read more…

Government response to the judiciary: Recovering the funds of corrupt individuals must guarantee the full rights of the treasury.

Government response to the judiciary: Recovering the funds of corrupt individuals must guarantee the full rights of the treasury.

2026-07-11

Shafaq News – Baghdad
The Iraqi Ministry of Finance confirmed on Saturday that any mechanism for paying the amounts owed by those convicted in corruption cases must ensure that the public treasury receives its full dues, in response to a statement issued yesterday by the Supreme Judicial Council.

The ministry stated in a statement received by Shafaq News Agency that its role in cases related to recovering funds obtained from corruption cases is limited to financial aspects and recovering Read more…

Administrative changes at Rafidain Bank affect vital departments

Administrative changes at Rafidain Bank affect vital departments

2026-07-11

Shafaq News – Baghdad
An informed source revealed on Saturday that the management of Al-Rafidain Bank issued an administrative order to carry out a series of exemptions, assignments and organizational changes in a number of administrative positions, with the aim of reorganizing work within the bank.

According to a document issued by the bank and obtained by Shafaq News Agency, (Sanaa Sabih Musa) was relieved of her duties as Director of the Compliance Department and assigned to Read more…

81 banks in Iraq… Arab leadership but weak banking services

81 banks in Iraq… Arab leadership but weak banking services

2026-07-11

Shafaq News – Baghdad
The “Eco Iraq” observatory confirmed on Saturday that the number of banks operating in Iraq is among the highest in the Middle East countries, but their services are still below the level of ambition, while Iraq lacks integrated electronic banks.

The observatory said in a statement received by Shafaq News Agency that “the banking sector in Iraq is currently one of the most active sectors in the Middle East,” adding that “the number of banks and representative offices operating in the country amounts to 81 banking institutions.” Read more…

Billions abroad… How can Iraq recover funds lost to cross-border corruption?

Billions abroad… How can Iraq recover funds lost to cross-border corruption?

2026-07-11

Shafaq News – Baghdad
With the expansion of anti-corruption campaigns in Iraq, the confrontation is no longer limited to pursuing the accused within the country, but has moved to a more difficult challenge, which is recovering public funds that were smuggled abroad, at a time when the government confirms that recovering these funds represents a priority parallel to holding those involved accountable.

The Supreme Judicial Council recently announced the continuation of investigations into a number of major corruption cases, coinciding with the seizure of huge sums of cash in the case of the former Undersecretary Read more…

Iraqi oil is attracting Chinese refineries as demand for Iranian crude declines and floating storage rises.

Iraqi oil is attracting Chinese refineries as demand for Iranian crude declines and floating storage rises.

2026-07-11

Shafaq News – Baghdad
Iraq has benefited from the shift of independent refineries in China towards purchasing crude oil not subject to sanctions, after they resorted in recent weeks to increasing their purchases of crude oil from Iraq, the UAE and Qatar, at a time when Iranian oil sales have slowed and the volume of floating stockpiles at sea has increased with the return of US sanctions.

Traders said that independent Chinese refineries in Shandong province purchased between 16 and 20.5 million Read more…

Iraq: Will reform lead to an earthquake or to the collapse of the state?

Iraq: Will reform lead to an earthquake or to the collapse of the state?

2026-07-11 05:22

Sirwan Saad
Caught between the hammer of fragile compromises and the anvil of entrenched poverty, the citizen remains trapped in the role of the “victim.” Iraq stands today at a pivotal historical juncture, one that transcends mere corruption; it reaches the point of resembling the “building of a new system” within the very foundations of the state.

What is happening in Iraq is not just an increase in theft or a decline in service delivery; it is a radical transformation in the “method of governance.” The formal institutions have been replaced by a “shadow system.” This system is not a recent phenomenon; Read more…

“A new Middle East is taking shape”: Washington is betting on the Kurds between Iraq and Syria to reduce Iran’s influence.

“A new Middle East is taking shape”: Washington is betting on the Kurds between Iraq and Syria to reduce Iran’s influence.

2026-07-11

Shafaq News – Special Translation
A new Middle East is taking shape based on trade and interdependence rather than reliance on military power alone, according to an American vision, as explained in an analysis published by The National Context . The analysis indicated that this vision includes linking Iraq, Syria, and Turkey, which contributes to weakening Iranian influence, while the Kurds have become a guarantor of this new regional order.

The Erbil-based website said in a report issued in English and translated by Shafaq News Agency that the new Read more…

The Integrity Commission announces the preparation of draft international memoranda of understanding for the recovery of funds and the extradition of accused persons.

The Integrity Commission announces the preparation of draft international memoranda of understanding for the recovery of funds and the extradition of accused persons.

7-11-2026

The Federal Integrity Commission announced on Saturday that it has prepared a draft of international memoranda of understanding for the recovery of funds and the extradition of accused individuals. Abbas Mutab, Director General of the Recovery Department at the Integrity Commission and Vice Chairman of the Board of Directors of the Iraqi Funds Recovery Fund, stated in a statement to the official agency that “there are some countries that are not cooperating in the file of recovering the funds of corrupt individuals for their own reasons, and there are countries that are cooperating in this regard.”

He also explained that “the department has prepared Read more…

Rafidain Bank: Settlements for electronic collections in favor of government departments exceeded 3.6 trillion dinars

Rafidain Bank: Settlements for electronic collections in favor of government departments exceeded 3.6 trillion dinars

7-10-2026

Rafidain Bank announced on Friday that it had processed over 3.6 trillion Iraqi dinars in electronic payments to government departments during the second quarter of 2026. A statement from the bank indicated that “Rafidain Bank announced the processing of electronic payments to government departments amounting to 3,635,131,026,267 Iraqi dinars (three trillion, six hundred and thirty-five billion, one hundred and thirty-one million, twenty-six thousand, two hundred and sixty-seven Iraqi dinars) during the second quarter of 2026, an achievement that reflects the continued implementation of the government’s digital transformation program and the development of Read more…

As the heat intensifies, air conditioners disappear from Baghdad: Where did they go?

As the heat intensifies, air conditioners disappear from Baghdad: Where did they go?

2026-07-10

Shafaq News – Baghdad
With the summer heat intensifying, the crisis for Iraqis is no longer limited to power outages, but has extended to the markets, which are now suffering from a clear shortage of electric cooling devices, especially “split” units of international brands, in addition to screens, freezers and other household appliances, amid an unprecedented rise in prices and the disappearance of many well-known brands.

Traders and citizens confirm that reliable devices have become scarce in the markets, while the prices of those that are available have sometimes doubled, at a time when importers attribute the crisis to the increase in shipping costs, Read more…

Germany plans to withdraw its troops from Erbil and close a field camp.

Germany plans to withdraw its troops from Erbil and close a field camp.

2026-07-10

Shafaq News – Berlin
The German magazine Der Spiegel reported on Friday that Berlin intends to withdraw its forces from the city of Erbil (the capital of the Kurdistan Region) at the end of September and close a field camp there, following American moves to reduce the number of troops.

The magazine reported that the decision to withdraw was based on a briefing to the parliamentary defense committee.

She added that about 30 German soldiers are currently at the camp located on the outskirts of an airport in Erbil. Read more…

Politician: Al-Zaydi’s anti-corruption movement is not free from American interference

Politician: Al-Zaydi’s anti-corruption movement is not free from American interference

7-10-2026

Information/Baghdad…
Luqman Hassan, a member of the Kurdish Azadi Movement, asserted that the Zaidi movement’s efforts to combat corruption and apprehend those who steal public funds are not free from American interference. He questioned why previous governments failed to address such issues throughout the past period.
Hassan told Al-Maalouma, “The Zaidi movement’s efforts to combat corruption and arrest some thieves represent a historical turning point given the political circumstances, the situation the country has experienced, Read more…

Unjustified haste in al-Zaidi’s visit to Washington… Issues need to be resolved before he leaves Baghdad

Unjustified haste in al-Zaidi’s visit to Washington… Issues need to be resolved before he leaves Baghdad

7-10-2026

Information/Report…
Many issues still require fundamental solutions, including restructuring internal affairs, unifying positions, formulating policies, and completing the cabinet before the Prime Minister’s trip from Baghdad to Washington. Criticism has mounted regarding al-Zaidi’s anticipated visit to the United States, given the existence of thorny issues that need clarification and a review of their effectiveness, particularly concerning the security agreement with the US administration and the ongoing dictates from the Trump administration. Meanwhile, some political figures have urged the Prime Minister to postpone the visit. Read more…

Among them is a general amnesty… The Supreme Judicial Council reveals details of its procedures in the cases of Nour Zuhair and Al-Jumaili

Among them is a general amnesty… The Supreme Judicial Council reveals details of its procedures in the cases of Nour Zuhair and Al-Jumaili

7-10-2026

Information/Baghdad..
The Supreme Judicial Council revealed on Friday that legal and constitutional procedures are being coordinated with the Prime Minister’s office to reduce judicial procedures against those accused of administrative and financial corruption, provided they voluntarily return public funds. The Council confirmed that the same mechanism adopted in the “tax deposits” case will be followed with those accused in the “North Refineries Company” file.

The judiciary explained in a statement received by the Al-Maalomah Agency that “the tax deposit case is summarized as follows: the actions of follow-up companies (including the companies “Al-Qant” and “Al-Mubdi’un” belonging to the convicted Nour Zuhair) in withdrawing the financial deposits belonging to foreign companies that they deposit Read more…

Officials at Rafidain Bank arrested on charges of stealing 1.6 billion dinars

Officials at Rafidain Bank arrested on charges of stealing 1.6 billion dinars

2026-07-10

Shafaq News – Diwaniyah
On Thursday evening, a joint force from the Federal Integrity Commission and the SWAT force in Diwaniyah Governorate carried out a qualitative operation that resulted in the arrest of a number of officials in Al-Rafidain Bank, on the grounds of a currency manipulation and embezzlement case.

An informed source told Shafaq News Agency that investigations revealed the changing of banknote denominations from 50,000 dinars to 1,000 dinars, in a manipulation operation that led to Read more…