IRAQI DINAR POLITICS & ECONOMY

Can Iraq control its revenues independently of American influence? A legal expert explains.

Can Iraq control its revenues independently of American influence? A legal expert explains.

6-14-2026

Information/Baghdad…
Legal expert Ali al-Tamimi explained how Iraq can control its oil revenues and funds, free from American influence and control over these funds.
Al-Tamimi told Al-Maalouma that “Iraq’s oil revenues were deposited with the US Federal Reserve Bank by virtue of UN Security Council Resolution 1483, issued in May 2003, which obligated Iraq to transfer all oil and gas revenues to a special account in the name of the Central Bank of Iraq at the US Federal Reserve.”
He added that “the Security Council resolution can be amended or revoked by the Council itself, but this requires Read more…

The parliamentary finance committee rules out approving the budget and calls for exploring financial alternatives.

The parliamentary finance committee rules out approving the budget and calls for exploring financial alternatives.

6-14-2026

Information / Baghdad…
Member of the Parliamentary Finance Committee, Hussein al-Daraji, ruled out the possibility of approving the general budget this year, indicating that the Finance Committee will hold a series of meetings during the upcoming legislative session to discuss available options and alternatives.
Al-Daraji told the Information Agency, “Current data does not suggest the possibility of approving the general budget this year given the existing Read more…

“Suspicions from A to Z”… A ticking time bomb triggered by railway contracts and Baghdad Airport

“Suspicions from A to Z”… A ticking time bomb triggered by railway contracts and Baghdad Airport

6-14-2026

Information / Special..
Former MP Yasser Al-Husseini opened fire today, Sunday, on investment files in the Iraqi transport sector, stressing that the contract for the new railway project is surrounded by “major question marks” and huge “corruption suspicions”, describing the file as being tainted with corruption from A to Z.

Al-Husseini told Al-Maalouma that “there are complicit parties within the Ministry of Transport working as an arm of the private investor to whom Read more…

Tom Barrack visits Baghdad and Erbil to resolve political and security issues.

Tom Barrack visits Baghdad and Erbil to resolve political and security issues.

2026-06-14

Shafaq News – Baghdad
An Iraqi government source revealed on Saturday evening that the US envoy to Iraq, Tom Barrack, will visit Baghdad and Erbil, the capital of the Kurdistan Region, in the coming hours to discuss political and security issues.

The source told Shafaq News Agency that “the anticipated visit will discuss several issues, including an agreement to complete the file of Ali al-Zaidi’s government, and the positions belonging to entities that were part of the resistance factions but expressed their desire to dismantle their military wing and integrate Read more…

Minister of Communications: Al-Zidi cancels the railway and Baghdad airport development projects

Minister of Communications: Al-Zidi cancels the railway and Baghdad airport development projects

2026-06-14

Shafaq News – Baghdad
Communications Minister Mustafa Sand revealed on Sunday that Prime Minister Ali al-Zidi and Transport Minister Wahab al-Hassani had taken a number of decisions that he described as “courageous and bold” during the past two weeks, noting that these steps had not received sufficient media attention.

Sand explained in a post on the social networking site Facebook that the decisions included canceling the railway project due to its “high cost and burden on the state budget”, in addition to canceling the project to develop Baghdad Read more…

Anbar government tells Baghdad: Current electricity allocation is only sufficient for 8 hours a day

Anbar government tells Baghdad: Current electricity allocation is only sufficient for 8 hours a day

2026-06-14

Shafaq News – Anbar
On Sunday, the Anbar government revealed that the province needs more than 2,000 additional megawatts on top of its current quota, stressing that the current supply only covers a quarter of the actual need.

Anbar government spokesman Muayad al-Dulaimi told Shafaq News Agency that “the province is currently being supplied with only between 600 and 650 megawatts, while the results of load tests approved by the Ministry of Electricity showed that the actual need for Anbar ranges between 2700 and 3000 megawatts.” Read more…

Al-Fayyad calls for the relocation of Popular Mobilization Forces camps outside Iraqi cities.

Al-Fayyad calls for the relocation of Popular Mobilization Forces camps outside Iraqi cities.

2026-06-14

Shafaq News – Baghdad
The head of the Popular Mobilization Forces, Faleh al-Fayyad, called on Sunday for the Commander-in-Chief of the Armed Forces and Prime Minister Ali al-Zubaidi to move the Popular Mobilization Forces camps outside the cities, stressing full commitment to the laws and regulations in force that ensure the complete discipline of the movement of the Popular Mobilization Forces.

Al-Fayyad said in a speech during the central official ceremony to commemorate the twelfth anniversary Read more…

Due to the lack of guarantees, Iraqi factions affiliated with the state are requesting that their weapons be “isolated” in special depots.

Due to the lack of guarantees, Iraqi factions affiliated with the state are requesting that their weapons be “isolated” in special depots.

2026-06-14

Shafaq News – Baghdad
A government source revealed on Sunday the conditions set by the armed factions that announced their allegiance to the state, including placing weapons in special stores and not integrating them with the weapons of the security services, due to the absence of any official guarantees.

The source told Shafaq News Agency that “some factions that announced their desire to join the official Popular Mobilization Forces stipulated that special stores be designated for their weapons, Read more…

A high-level military delegation from Baghdad offered security guarantees to protect the Kurdistan Region’s oil fields.

A high-level military delegation from Baghdad offered security guarantees to protect the Kurdistan Region’s oil fields.

2026-06-14

Shafaq News – Erbil
A political source revealed on Sunday details of the visit of the Iraqi military delegation, headed by the Chief of Staff of the Army, Lieutenant General Abdul Amir Rashid Yarallah, to the city of Erbil (the capital of the Kurdistan Region).

The source told Shafaq News Agency that “the delegation will conduct a series of meetings and field visits, including a number of oil fields, with the aim of assessing the security situation and discussing measures to protect the facilities and workers in them.” Read more…

Iranian official: Tehran agreed not to possess nuclear weapons according to the memorandum of understanding

Iranian official: Tehran agreed not to possess nuclear weapons according to the memorandum of understanding

2026-06-14

Shafaq News – Tehran
Reuters reported on Sunday that an Iranian official said Tehran had agreed not to possess nuclear weapons, according to the memorandum of understanding it is preparing to sign with the United States.

According to the agency, talks are underway between Washington and Tehran regarding a mechanism to reduce the stockpile of enriched uranium within 60 days of the signing of the anticipated agreement Read more…

Shafaq News reveals the agenda of Al-Zaidi’s visit to Washington: “Security and the economy” are the most prominent issues.

Shafaq News reveals the agenda of Al-Zaidi’s visit to Washington: “Security and the economy” are the most prominent issues.

2026-06-14

Shafaq News – Baghdad
An informed source revealed on Sunday the most prominent issues that Prime Minister Ali al-Zaidi will carry with him during his upcoming visit to Washington in mid-July.

The source told Shafaq News Agency that “Al-Zaidi will visit the American capital at the invitation of US President Donald Trump, and is scheduled to hold a series of talks addressing a number of political, security and economic issues of common interest.”

According to the source, the most important issues to be discussed are Read more…

Al-Karawi: There is currently no government intention to raise the exchange rate, and he warned of its repercussions on the markets.

Al-Karawi: There is currently no government intention to raise the exchange rate, and he warned of its repercussions on the markets.

6-13-2026

The Information/Baghdad…
Member of the Parliamentary Finance Committee, MP Mudhar al-Karawi, confirmed on Saturday that there is no current government intention to raise the exchange rate in the markets. Al-Karawi told Al-Maalouma that “there is much speculation about government efforts to raise the dollar exchange rate in the coming period in an attempt to reduce the financial gap, especially given the country’s critical financial situation.” He explained that “the past three months have witnessed a significant Read more…

Mounis reveals the construction of mosques to spread deviant ideas in Abu Ghraib and the Baghdad belt

Mounis reveals the construction of mosques to spread deviant ideas in Abu Ghraib and the Baghdad belt

6-13-2026

The head of the Rights Movement, Hussein Mounis, revealed on Saturday that 600 mosques have recently been built in the Abu Ghraib district and the Baghdad belt, to be used for spreading deviant ideologies.
Mounis stated in a post on the X platform, which was monitored by the Information Agency, that “these mosques, whose presence also extends to the western provinces, are being exploited to spread the Madkhali movement within an organized project intended to distort established Islamic schools of thought and produce deviant intellectual trends and figures.” Read more…

Al-Zidi opens lines of communication with the blocs to finalize the remaining ministerial portfolios in his cabinet.

Al-Zidi opens lines of communication with the blocs to finalize the remaining ministerial portfolios in his cabinet.

2026-06-13

Shafaq News – Baghdad
MP Amer Al-Fayez, a leader in the Coordination Framework, confirmed on Saturday that the framework authorized Prime Minister Ali Al-Zidi to make contacts with the heads of the political blocs and entities participating in the government, whose candidates for the vacant ministries have not yet been decided.

Al-Fayez told Shafaq News Agency, “Al-Zidi is trying to reach an agreement with the blocs first on choosing the appropriate minister nominated by the bloc, and after being convinced of the candidates, he will present their names Read more…

Arrest warrants issued against 3 prominent leaders in Al-Halbousi’s party

Arrest warrants issued against 3 prominent leaders in Al-Halbousi’s party

6-13-2026

Al-Maalomah/Anbar…
A responsible source in Anbar province reported on Saturday that arrest warrants have been issued for three prominent leaders of the Progress Party, on charges of corruption and financial extortion during their tenure in leadership positions.
The source told Al-Maalomah that “the arrest warrants came after the three individuals were accused of illegally acquiring large sums of money related to reconstruction and rehabilitation projects for infrastructure damaged by terrorist operations.” The source
added that “investigations also indicate their involvement in money laundering, extortion, and bribery,” noting that Read more…

Expert: There is no need for external borrowing, and Iraq possesses a secure financial buffer.

Expert: There is no need for external borrowing, and Iraq possesses a secure financial buffer.

6-13-2026

Information / Baghdad…
Financial expert and former Central Bank board member, Ahmed Barihi, affirmed on Saturday Iraq’s ability to overcome the current financial crisis resulting from declining revenues, thanks to its sufficient cash reserves for extended periods.
Barihi told the Information Agency that “the significant decrease in oil exports due to the closure of the Strait of Hormuz has led to a sharp decline in the state treasury’s foreign revenues,” adding that “the country is capable of navigating this crisis successfully Read more…

A member of the coordinating framework: The advisors’ crisis is hindering government reform.

A member of the coordinating framework: The advisors’ crisis is hindering government reform.

6-13-2026

Information / Baghdad…
Zuhair al-Jalabi, a member of the Coordination Framework, criticized the quota system used by the political class in managing state institutions on Saturday, asserting that it has contributed to weakening government performance in several sectors.
Al-Jalabi told Al-Maalouma, “The Prime Minister is facing a crisis regarding advisors, particularly in the economic sphere, due to appointments being based on political quotas rather than competence and experience.”
He added, “A large number of advisors in successive governments lack sufficient experience and were appointed as Read more…

Billions evaporate monthly… How is Iraq coping with the shock of declining oil exports?

Billions evaporate monthly… How is Iraq coping with the shock of declining oil exports?

6-13-2026

Information / Report…
Recent regional developments and the accompanying turmoil in global energy markets have brought the issue of Iraq’s dependence on oil back to the forefront of economic debate, amid warnings of potential financial repercussions on the general budget and the state’s ability to meet its obligations. Meanwhile, experts assert that current cash reserves still provide a safety net, preventing the crisis from escalating into a full-blown financial collapse. Read more…

How is the economy being managed? Iraq is without a budget for the fourth time since 2003.

How is the economy being managed? Iraq is without a budget for the fourth time since 2003.

2026-06-13

Shafaq News – Baghdad
Iraq is entering an unprecedented financial phase, with increasing indications that the federal budget for 2026 will not be approved, at a time when the country is facing double pressures represented by the decline in oil revenues and the continuation of regional turmoil that has affected the movement of oil exports, which puts the government before the challenge of managing the economy through temporary spending rules for the fourth time since 2003.

Iraq is almost entirely dependent on oil revenues, which constitute Read more…

Below $60, Basra crude suffers sharp weekly losses

Below $60, Basra crude suffers sharp weekly losses

2026-06-13

Shafaq News – Basra
The two Iraqi crudes, Basra Heavy and Basra Medium, suffered significant weekly losses, despite ending their last trading sessions lower, at a time when global oil markets witnessed a broad decline that included Brent crude, West Texas Intermediate and a number of regional and global crudes .

Iraqi Basra Heavy crude oil recorded a decrease of $2.68 in the last trading session, closing at $58.14 per barrel, down 4.41% on a daily basis, while its weekly loss amounted to $11.14, Read more…