Iraqi electricity and giant generators
2026-06-09
Duaa Hazzaa Al-Jabri
In Iraq, we lack not only electricity, but also the ability to rein in the pronouncements issued by the authorities from on high, as if they live in a different country altogether, one that suffers under the scorching summer sun and the strain of neighborhood generators. While the Iraqi citizen has been held hostage to hours of power cuts and blackouts for decades, the Minister of Electricity emerges to announce with remarkable confidence that Iraq will transfer its experience in managing the electricity sector to Europe.
What kind of experience is he talking about? Is it the experience of billions that melted away in the wires of corruption before reaching the electricity poles? Or the experience Read more…
Kurdistan Integrity Commission announces a rewards system for whistleblowers reporting corruption cases.
2026-06-09
Shafaq News – Erbil
The Integrity Commission in the Kurdistan Region announced on Tuesday the launch of a special project to grant financial rewards to those who report corruption cases and files, as part of its expanded strategy to combat financial and administrative corruption in the region.
The head of the Integrity Commission in the region, Ahmed Anwar, said in a press conference attended by Shafaq News Agency that the commission has begun activating the provisions Read more…
Iraqi Dinar Guru opinions 6-8-2026
6-8-2026 Newshound Guru Jeff News about printing dinar to cover the budget gap was not true. It was very misleading and inaccurate. Article: “Printing currency is legally prohibited and does not reflect the nature of ongoing operations…” The central bank is coming out telling you that. Read more…
In preparation for its export, the largest convoy of Iraqi fuel tankers enters Syria
2026-06-08
Shafaq News – Damascus
On Monday, a huge convoy of tankers loaded with Iraqi fuel entered Syrian territory through the Rabia-Yarubiya border crossing in Hasakah Governorate, in preparation for exporting it to global markets.
Shafaq News Agency’s correspondent in Syria documented the stoppage of the Iraqi tanker convoy on the international highway ( M4 ) inside Syrian territory, coming from the Rabia border crossing.
The reporter said that this convoy is the largest of the Iraqi fuel convoys entering Syrian territory, with more than 150 Read more…
The Iraqi government is inviting investors to participate in the “One Million Housing Units” project and is allocating revenues to the provinces.
2026-06-08
Shafaq News – Baghdad
On Monday, Prime Minister Ali Faleh al-Zaidi called on businessmen and companies to contribute to the “One Million Residential Plots” project, while allocating a percentage to each governorate from the financial revenues obtained from border crossings and electricity consumption fees.
The Prime Minister’s Media Office said in a statement received by Shafaq News Agency that Al-Zaydi chaired today the second session of the Higher Committee for Coordination between Governorates for the year 2026, during which the general conditions in the governorates Read more…
Al-Mashhadani: No new currency will be printed, and liquidity is linked to dollar imports.
2026/06/08
Economic expert Abdul Rahman Al-Mashhadani said that there is no printing of new currency, explaining that the Central Bank finances the government’s need for dinars within a financial mechanism that depends on the availability of dollars in the treasury.
Al-Mashhadani explained in a statement to Al-Furat News Agency that: “There is a three-way cycle that manages the movement of liquidity in the country, based on the government selling oil in dollars and transferring it to the Central Bank to finance the salaries of employees in Iraqi dinars, while the Central Bank works to sell dollars to traders to cover imports, Read more…
An economist reveals the fate of the 2026 budget: The government is printing money to secure salaries.
6-8-2026
Information / Special..
Economic expert, Dirgham Muhammad Ali, ruled out the approval of the general financial budget for the current year 2026, attributing this to the lack of time and the lack of sufficient time space to pass it within the House of Representatives.
Ali told Al-Maalouma that “the current direction of the government is entirely focused on securing the salaries of employees and retirees only, based on the financial spending rule (1/12) of actual Read more…
Iraq’s cash reserves: between actual need and US restrictions
6-8-2026
Information/Report..
Experts and specialists in economic affairs warned against the continued linkage of the Iraqi financial system to the international banking system linked to the United States, stressing that this linkage may affect Iraq’s flexibility in managing its monetary reserves and the stability of the exchange market in light of the fluctuations of global financial conditions and increasing external pressures on the national economy.
In this regard, former MP Mahma Khalil confirmed in a statement to Al-Maalomah News Agency that “Iraq’s cash reserves, estimated at Read more…
An economist says Iraq’s reserves are capable of supporting the dinar despite the risks.
6-8-2026
Information/Baghdad…
Economic expert Safwan Qusay warned against devaluing the Iraqi dinar against the dollar, coinciding with the ongoing conflict in the region.
Qusay told Al-Maalouma, “The Central Bank possesses dollar reserves exceeding $90 billion, along with more than 170 tons of gold, enabling it to maintain the current exchange rate.”
He added, “If the Strait of Hormuz remains closed due to the regional war and its continuous escalation, without accountability for those responsible for this closure, which has Read more…
Parliamentary Integrity: The next phase will witness the opening of major corruption cases.
6-8-2026
The Information Agency / Baghdad –
Member of the Parliamentary Integrity Committee, Ahmed al-Shammari, revealed on Monday that the committee continues to pursue corruption cases, recover stolen funds, and prosecute fugitives involved both inside and outside Iraq. He emphasized that the amount of embezzled funds has doubled in recent years.
Al-Shammari told the Information Agency, “The Integrity Committee continues to pursue cases of recovering stolen funds and prosecuting those Read more…
“No internal disputes.” A framework confirms that ministerial portfolios will be finalized within days.
6-8-2026
Information/Interview…
Iraq is currently witnessing the emergence of a number of important and sensitive issues, most notably the completion of Ali al-Zaidi’s government formation and the filling of the remaining ministerial posts, particularly the security ministries, in addition to economic and financial challenges, as well as developments in the regional landscape.
In this context, Information conducted an interview with Abdul Samad al-Zarkoushi, a member of the Coordination Framework, to discuss the most prominent of these issues.
Q: When will the remaining ministerial posts in Ali al-Zaidi’s government be decided?
A: A crucial meeting of the coordination framework will be held within Read more…
Article 140: From constitutional guarantee to the trap of political bureaucracy
2026-06-08
Badr Ismail Cherokee
Let us close our eyes for a moment and recall the world five hundred years ago, when there were no strict borders on the globe, and religions decided who declared war on whom, or which nation lived with another in peace and security.
But the world later began to suffer from the tyranny of kings and monotheistic religions, and grew weary and bored. So it was decided to draw lines between the lands of nations and peoples, lines drawn under the name of borders. A definition of identity, love of country, and loyalty to it emerged from the womb of the great and bloody French Revolution, leading to the birth of the concepts of modern political and humanitarian institutions and organizations, and armed forces in the post-Sykes-Picot era. This agreement contributed to consigning the last Read more…
Iraq is losing $15,000 per hour due to the closure of its airspace.
2026-06-08
Shafaq News – Baghdad
The Echo Iraq Observatory announced on Monday that Iraq is losing about $15,000 per hour as a result of the temporary halt in air traffic through its airspace.
The observatory stated in a statement received by Shafaq News Agency that Iraqi airspace, before the suspension of air traffic, witnessed the passage of about 800 aircraft daily, including domestic and foreign flights, while the daily rates during previous periods ranged Read more…
“An explanation that needs further explanation”… An economic expert: The Central Bank of Iraq’s statement on the currency did not answer the questions.
2026-06-08
Shafaq News – Baghdad
On Monday, economist Manar Al-Obaidi stated that the latest clarification issued by the Central Bank of Iraq lacked answers to many questions regarding the effects of its measures on the monetary and economic reality, demanding that it publish detailed data on the treasury transfer portfolio and its impact on the monetary base.
Al-Obaidi, commenting on the Central Bank’s statement issued on June 7, 2026, said that he agrees with the technical distinction between “discounting treasury transfers” and “printing currency,” but the discussion should Read more…
Al-Zaydi is pressuring factions to prevent their involvement in the escalation between Iran and Israel.
2026-06-08
Shafaq News – Baghdad
Informed sources reported on Monday that Iraqi Prime Minister Ali al-Zaidi, along with his own team, is leading an intensive effort aimed at preventing Iraqi armed factions from becoming involved in the recent military escalation between Iran and Israel, even if the United States returns to direct participation in the confrontation alongside Israel.
Sources told Shafaq News Agency that “government contacts and pressure began last night and are still ongoing, Read more…
Inflation in Iraq jumps to 4.3% in April
2026-06-08
Shafaq News – Baghdad
Data from Iraq’s Central Statistical Organization showed on Monday that the general consumer price index reached 112.5 points during April 2026.
The general consumer price index in Iraq reached approximately 112.5 points during April 2026, compared to 110.6 points in March 2026, recording an increase of 1.7%, which represents the monthly inflation rate, according to Read more…
Economist: Iraq has become a “salary state” and the oil crisis threatens to paralyze it.
2026-06-08
Shafaq News – Baghdad
Financial expert Mahmoud Dagher confirmed on Monday that public finances in Iraq have turned into something resembling “salary finances” since 2004, as a result of the almost complete reliance on oil revenues to cover monthly operating expenses, primarily the salaries of employees, retirees and social welfare.
Dagher told Shafaq News Agency that “the continuous expansion in government appointments during the past years Read more…
Iran announces halt to military operations against Israel
2026-06-08
Shafaq News – Tehran
Iran’s Khatam al-Anbiya headquarters announced on Monday a halt to military operations against Israel, but stressed that if attacks continue, especially in southern Lebanon, Tehran’s response will be “more forceful.”
The last hours of Monday witnessed a continued military escalation between Iran and Israel, punctuated by raids and explosions in several Iranian cities, amid mutual warnings of expanding the scope of the confrontation.
The Israeli army announced on Monday morning that it had detected new launches of missiles Read more…
Categories:
UNCATEGORIZED Tags:
Iraq reopens its airspace and resumes flights
2026-06-08
Shafaq News – Baghdad
The Iraqi Civil Aviation Authority announced on Monday the reopening of Iraqi airspace to flights to and from all Iraqi airports.
The authority stated in a statement received by Shafaq News Agency that “the decision to reopen the airspace comes after assessing the situation in coordination with the relevant authorities, in order to ensure the continuation of air traffic according to the highest standards Read more…
Iraq on the brink of a financial storm: Will the emergency plan save the economy before it’s too late?
6-8-2026
Researcher Shatha Khalil*
In the world of economics, crises don’t begin the day governments announce their inability to pay salaries, nor when foreign currency reserves plummet to dangerous levels. Rather, they begin when countries ignore the early warning signs of an impending storm. Today, Iraq faces one of its most critical economic phases in years, not only due to the decline in oil prices, but also as a result of escalating regional challenges that threaten the lifeblood of the Iraqi economy: oil exports.
Iraq relies on oil for more than 85% of its budget revenues, making its economy highly sensitive to any disruption Read more…
