1400 trucks daily prompt Anbar to demand the opening of Trebil 24 hours a day
2026-05-26
Shafaq News – Anbar
The mayor of Rutba district, Imad al-Rishawi, called on Tuesday for the Trebil border crossing to be opened 24 hours a day, stressing that the crossing is witnessing an increasing momentum in trade exchange, with about 1,400 trucks passing through daily.
Al-Rishawi told Shafaq News Agency that “the Trebil border crossing has recently witnessed active import and export activity, with hundreds of trucks loaded with various goods entering and Read more…
Government advisor: The dollar is the basis of Iraq’s cash reserves.
2026-05-26
Shafaq News – Baghdad
On Tuesday, Mazhar Mohammed Saleh, the financial advisor to the Iraqi Prime Minister, stated that diversifying Iraq’s foreign reserves within a balanced investment portfolio represents a strategic monetary policy aimed at enhancing financial stability and reducing the risks associated with relying on a single asset or currency.
Saleh told Shafaq News Agency that the management of foreign reserves at the Central Bank of Iraq is based on liquidity, security and return standards, explaining that the philosophy of managing Read more…
Al-Zaydi calls on Christian businessmen abroad to return to Iraq
2026-05-26
Shafaq News – Baghdad
Prime Minister Ali al-Zaidi called on Christian businessmen abroad on Tuesday to return to Iraq and contribute to development.
His media office said in a statement received by Shafaq News Agency that Al-Zaidi today visited St. Joseph’s Church in the Mansour district of Baghdad, where he met with His Beatitude Patriarch Younan III Nona.
During the visit, Al-Zaydi congratulated the Patriarch on gaining the Pope’s trust and assuming the patriarchal Read more…
Kurdistan Finance Ministry: Baghdad cut 80 billion dinars, and the funding is insufficient to cover salaries.
2026-05-26
Shafaq News – Erbil
The Ministry of Finance and Economy of the Kurdistan Regional Government announced on Tuesday that it had deposited 50 billion dinars into the account of the Federal Ministry of Finance as a payment of half of the non-oil revenues for the month of May, stressing that Baghdad had sent funding less than the amount required to cover the salaries of the region’s employees by more than 80 billion dinars.
The ministry stated in a statement received by Shafaq News Agency that the regional government sent, at the end Read more…
“A secret pipeline 500 meters long”… A crude oil theft operation foiled in Basra
2026-05-26
Shafaq News – Basra
The National Security Service announced on Tuesday that it had thwarted an organized attempt to smuggle crude oil in Basra Governorate, through an oil breach that included laying a secret pipe more than 500 meters long connected to the main pipeline.
The agency stated in a statement received by Shafaq News Agency that “its detachments in Basra, after intelligence follow-up and obtaining judicial approvals, were able to seize a crude oil Read more…
Tehran is negotiating over its frozen assets; Qatari mediation aims to resolve the final obstacle with Washington.
2026-05-26
Shafaq News – Doha
Iran’s Tasnim news agency quoted a source close to the Iranian negotiating team on Tuesday as saying that the release of about $24 billion of frozen Iranian funds is one of the most prominent items on the agenda of the memorandum of understanding being negotiated between Tehran and Washington.
According to the source, Iranian Parliament Speaker Mohammad Baqer Qalibaf traveled to the Qatari capital, Doha, Read more…
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Iraqi Dinar Guru opinions 5-25-2026
5-25-2026 Newshound Guru Militia Man We’re watching history unfold…Over the last 24 hours Iraq has shown remarkable web of coordinated progress… There are a lot of things taking place…It isn’t just about Iraq but yet it is about Iraq…Al-Zaidi is not waiting around. He’s been executing with a purpose… The convergences we’ve followed for years are no longer separate threads …We’re in one of the most exciting and important windows I think we’ve ever seen. Read more…
Government advisor: New financial strategy to raise non-oil revenues to 45%
2026/05/25
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed that the government is moving towards adopting a new financial strategy aimed at raising the contribution of non-oil revenues in the general budget to 45% by diversifying the economy and reducing dependence on crude oil. Saleh told Al-Furat News that “Prime Minister Ali Al-Zaidi, during the historic meeting with the Iraqi financial authority held on May 23, 2026, outlined a firm vision for building the future of public finance in the country,” explaining that “the new beginning came from a fundamental pillar represented by announcing the alternative path Read more…
Economists warn against printing money: it threatens the value of the Iraqi dinar.
5-25-2026
Information / Report..
Recently, there has been talk about a government trend towards studying the option of printing currency to ensure the availability of financial liquidity in banks and to secure the needs of the budget, primarily the salaries of employees and social assistance, in light of increasing financial pressures.
The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, explained in a statement to Al-Maalouma that “the Central Bank is adopting several tools to support liquidity, including the policy of quantitative easing and issuing currency within precise controls Read more…
The oil and gas law tops the parliament’s priorities; moves are underway to legislate it in the coming period.
5-25-2026
Information/Baghdad…
MP Qusay Abbas confirmed that the Oil, Gas and Natural Resources Law is a priority within Parliament in order to ensure its enactment in the next phase of the current legislative session of the Council.
Abbas told Al-Maalomah, “There is a priority for laws that have been pending for a long time without legislation, such as the oil and gas law, which is considered one of the laws that most need legislation in the current parliamentary session.”
He added that “this law has not been passed despite Read more…
A politician reveals the behind-the-scenes details of a new alliance between the Democratic Party, the State of Law Coalition, and the Determination Movement.
5-25-2026
Information/Baghdad…
Wafa Muhammad Karim, a member of the Kurdistan Democratic Party, clarified the truth about the formation of an alliance between the Democratic Party, the State of Law Coalition, and the Azm Coalition, pointing out that such an idea exists, especially after the obstruction of the passage of some of the candidates of these blocs.
Karim told Al-Maalomah, “The Democratic Party has obtained the position of Minister of Foreign Affairs and is on its way to obtaining another ministry in Al-Zaidi’s government. In addition, the State of Law Coalition has its candidates who will be voted on Read more…
Parliament’s rejection means replacement… A legal expert explains the constitutional mechanism for approving ministers
5-25-2026
Information/Baghdad…
Legal expert Ali Al-Tamimi explained the possibility of resubmitting the same candidates who were rejected in the parliamentary session to vote on the cabinet.
Al-Tamimi told Al-Maalouma that “Article 76 of the Constitution requires the Prime Minister-designate to present his cabinet and program within 30 days of the date of his designation and to present the nominated ministers individually to the House of Representatives for a vote on them. Whoever receives a vote of half the total number of representatives is passed and becomes Read more…
Denying the printing of currency, a financial advisor reassures the public about Iraq’s cash reserves.
5-25-2026
The Information Agency / Baghdad…
The financial advisor to the Council of Ministers, Mazhar Muhammad Salih, denied on Monday the circulating reports regarding the Central Bank of Iraq printing local currency outside of regulations, stressing that this process is subject to legal mechanisms and strict financial backing.
Salih told the Information Agency, “The talk circulating among the Iraqi public about the Central Bank printing local currency is completely unfounded,” explaining that “the currency printing process is governed by two legal mechanisms: the first Read more…
One of them is carrying Iraqi oil… Iran allows passage for two tankers that have been stranded for 3 months
2026-05-25
Shafaq News – Middle East
Reuters reported on Monday that the liquefied gas tanker “Fuerette” and the oil tanker “Eagle Verona” had taken a route proposed by Iran to cross the Strait of Hormuz after being stuck for three months.
The “control” zone west of the Strait of Hormuz is defined as a straight line extending from the western tip of the Iranian island of Qeshm to a point east of the city of Umm al-Quwain in the United Arab Emirates. East of the strait, the zone extends from the Iranian village of Kuh Mubarak to Read more…
Kurdistan Finance Ministry deposits 50 billion dinars in “non-oil revenues” into Baghdad’s account
2026-05-25
Shafaq News – Erbil
The Ministry of Finance and Economy of the Kurdistan Regional Government announced on Monday that it had deposited 50 billion dinars in “non-oil revenues” for the month of May into the account of the Federal Ministry of Finance.
The ministry stated in a statement received by Shafaq News Agency that “a decision was issued by the ministry to deposit an amount of (50,000,000,000) Read more…
The Kurdistan Region announces the Eid al-Adha holiday, starting tomorrow.
2026-05-25
Shafaq News – Erbil
The Kurdistan Region’s Government Media and Information Department announced on Monday that the Eid al-Adha holiday will begin on Tuesday and last until Saturday.
The department said in a statement received by Shafaq News Agency: “On the occasion of the blessed Eid al-Adha, it has been decided that the days from Tuesday (May 26, 2026) until Saturday (May 30, 2026) will be an official holiday in all government institutions Read more…
Since the beginning of 2026, Iraq has been off the list of gold buyers.
2026-05-25
Shafaq News – Baghdad
Iraq did not record any new gold purchases during 2026, despite a number of central banks around the world continuing to increase their holdings of the precious metal.
Iraq holds a reserve of 174.6 tons of the precious metal, placing it 28th globally among the largest countries possessing gold reserves.
Poland topped the list of the world’s largest gold buyers this year, adding more than Read more…
Trump: Either the deal with Iran is great, or we won’t make a deal.
2026-05-25
Shafaq News – Washington
US President Donald Trump asserted on Monday that the agreement with Iran must be “great” or it will not happen.
Trump said in a post on Truth Social that “the deal with Iran will either be a great and meaningful deal, or there will be no deal.”
He added, “This would be the opposite of the disastrous Iran nuclear deal negotiated by the failed Obama Read more…
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A split has emerged within the coordination framework regarding the “dissolution of the Popular Mobilization Forces,” with factions threatening to leave.
2026-05-25
Shafaq News – Baghdad
A source within the coordination framework revealed on Monday the escalating disagreements within the framework’s forces regarding the American proposal to disarm the factions and dissolve or integrate the Popular Mobilization Forces.
The source told Shafaq News Agency that “some political entities that have armed factions have officially informed the leadership of the Coordination Framework that they will leave the Read more…
The economy of private generators: an economic disaster and an environmental time bomb threatening Iraq
5-25-2026
Since their emergence in the early 1990s, privately owned generators offered a temporary solution to Iraq’s electricity crisis. However, over the past two decades, they have transformed into a parallel economy generating billions of dinars annually, becoming one of the most influential informal sectors impacting the daily lives of Iraqi citizens. While successive governments have spent tens of billions of dollars on the electricity sector without achieving a lasting solution, the “generator empire” has expanded to become a permanent Read more…
