Washington praises the role of Iraqi forces and acknowledges achieving “victory” over ISIS with “great difficulty”.
2026-01-06
Shafaq News – Baghdad / Erbil
The U.S. Embassy in Iraq congratulated the Iraqi army on Tuesday on the 105th anniversary of its founding, affirming the United States’ commitment to continuing to work with Iraqi security forces in support of a stable Iraq.
On this occasion, the embassy praised in a statement today “the service and Read more…
Parliament questions Al-Alaq and bank managers about “dollars, liquidity, and loans.”
2026-01-06 00:04
Shafaq News – Baghdad
An informed source revealed on Tuesday that the House of Representatives will host the Governor of the Central Bank of Iraq, Ali Al-Alaq, next week to discuss a number of important economic and financial issues, most notably Read more…
Sources: The dollar’s value has begun to gradually decline against the dinar following government measures.
2026-01-06
The Iraqi government, in partnership with the Central Bank and relevant economic authorities, has begun implementing a series of measures and policies that have contributed to a gradual decrease in the exchange rate of the dollar against the Iraqi dinar in local markets, in a step aimed at stabilizing the national Read more…
With a value of $16 trillion, Iraq ranks ninth globally on the list of the richest countries in natural resources.
2026-01-06
The global statistics website “Statista” revealed a list of the world’s richest countries in terms of the value of natural resources, with Iraq ranking among the top ten globally.
Iraq came in ninth place globally, with natural resources valued at approximately 16 trillion US dollars, reflecting the enormous wealth Read more…
A simple question on paper: “Where are the 2025 budget tables?”, and a more complex question about what the 2026 budget will look like in light of cheaper oil and a heavier deficit.
2026-01-06
Between a simple question on paper, “Where are the 2025 budget tables?”, and a more complex question about the shape of the 2026 budget in light of cheaper oil and a heavier deficit, the financial scene in Iraq is moving on shaky political ground that makes every numerical requirement a subject of contention Read more…
The Iraqi Trade Bank announces that all its branches will be open during official holidays.
2026-01-06
The Trade Bank of Iraq announced on Tuesday that all its branches will be open during official holidays, based on the directives of the Central Bank. The bank’s media office stated in a statement that “Based on the directives of the Central Bank of Iraq, it has been decided to open all branches Read more…
Iraqi Dinar Guru opinions 1-5-2026
1-5-2026 Newshound Guru Jeff Some of you say, ‘We’ve heard this will be 1 to 1.’ Technically, yeah, it’s going to be 1 to 1. But you got to look at this from two different angles…Hear me carefully on this. It’ll be 1 to 1 only within the country of Iraq, not outside. Here’s why…Whatever you can buy at the grocery store for a 25,000 dinar note…you’ll be able to buy the same exact items with a 25 dinar note after. So yeah, in the country of Iraq it’ll be 1 to 1…What about outside Iraq? There’s the dinar against foreign currency value…Let’s use a $3.00 as example. You would have a 25,000 note that would be worth $75,000. A 25 note is worth $0.75 cents. Read more…
Economist: Raising taxes is an ill-considered decision.
1-5-2026
Al-Maalomah/Anbar –
Economic expert Rashid al-Saadi described the central government’s move to increase taxes on citizens and various sectors as an ill-conceived decision, calling instead for the adoption of tax exemptions to alleviate the cost of living burdens Read more…
Banking reforms
2026/01/05
The Iraqi banking sector is currently witnessing a remarkable transformation led by the Iraqi government through the Central Bank, within the framework of structural and regulatory reforms aimed at rebuilding the financial system on more efficient and transparent foundations.
These reforms, which came after years of concentration Read more…
Iraq is making progress towards joining the World Trade Organization.
2026/01/05
The International Trade Centre, a United Nations agency, confirmed that Iraq has made clear progress in its steps towards joining the World Trade Organization.
Eric Bochot, the director of the International Trade Centre’s programs in Iraq, which is affiliated with the United Nations, Read more…
Ports Director: Operations at the Grand Faw Port will begin this year, 2026.
2026/01/05
The Director General of Iraqi Ports, Farhan Al-Fartousi, announced today, Monday, that Iraqi ports ended 2025 with advanced operational and financial indicators, stressing the company’s readiness to enter 2026 with economic and commercial change plans, while indicating the start of operations Read more…
Economic: Falling oil prices threaten the Iraqi budget.
1-5-2026
Information/Baghdad…
Economic expert Ahmed Hadhhal confirmed on Monday that the decline in global oil prices is placing significant pressure on the Iraqi budget, especially since the economy relies on oil for over 90% of its revenues.
Hadhhal told the Information Agency, “This decline exposes the government to Read more…
Barzani’s party nominates Fuad Hussein for the presidency.
1-5-2026
Information/Baghdad
The Kurdistan Democratic Party (KDP) presented two candidates on Monday for the position of President of the Republic of Iraq.
Information obtained by Al-Maalomah Agency indicates that “Fuad Hussein Read more…
A meeting of the coordination framework is expected… the prime ministership is down to three names.
1-5-2026
The Coordination Framework is holding its meeting this evening, Monday, to discuss the latest developments and current events, as well as the issue of the prime minister and constitutional requirements. Sources confirm that the Framework will seriously discuss the selection of the next prime minister, with the nomination narrowed down to Maliki, Sudani, and Abadi, despite the announcement of nine names being put forward for the position. These three appear to be the most likely Read more…
Maliki and Sudani agree on criteria for the position of Prime Minister
1-5-2026
Information / Baghdad –
A source close to the Coordination Framework revealed on Monday that the meeting scheduled for this evening by the framework’s leaders will be crucial in agreeing on the framework’s candidate for the premiership of the next government. The meeting will also address the mechanisms Read more…
Al-Badri and Al-Shatri are the leading candidates… The coordinating body will decide in today’s meeting.
2026-01-05 00:51
Shafaq News – Baghdad
On Monday, Fahd al-Jubouri, a leader in the Hikma Movement, revealed the priorities of the meeting of the leaders of the coordinating framework that includes the Shiite forces, which is scheduled to be held this evening, to decide on the selection of the new prime minister and the issue Read more…
Liquidity crisis in Mosul banks delays the release of payments to outlet owners
2026-01-05 02:34
Shafaq News – Nineveh
On Monday, Abdullah Al-Jiro, the head of the money changers’ union in Nineveh Governorate, revealed a cash liquidity crisis affecting banks in Mosul, which has delayed payments to money changers, prompting some of them to spend the night in front of banks Read more…
First government comment on the rise in the dollar exchange rate in Iraq
2026-01-05
The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, confirmed Sunday, January 4, 2026, that the fluctuation in the exchange rate is “temporary” and does not reflect a structural imbalance, especially since it has practically become detached from Read more…
A parliamentary source reveals the names of the candidates for the presidency.
2026-01-05
A parliamentary source revealed Sunday (January 4, 2026), the list of names of candidates for the position of President of the Republic, indicating that the number of candidates announced to date has reached 41 candidates.
The list of candidates included the following names: Read more…
Ministry of Oil: Completion of drilling and rehabilitation of 237 oil wells during 2025
2026-01-05
The Iraqi Drilling Company announced on Monday the completion of drilling and rehabilitation of 237 oil wells during 2025. The company’s Director General, Hassan Mohammed Hassan, stated in a statement received by the Iraqi News Agency (INA): “The technical and engineering staff of the Iraqi Drilling Company completed Read more…
