Iraq is the fifth largest Gulf trading partner after exports to it grew by about 50%

Iraq is the fifth largest Gulf trading partner after exports to it grew by about 50%

2025-11-09 03:22

Shafaq News – Baghdad
Statistics issued by the Gulf Statistics Center showed that Iraq emerged as one of the most important trading partners of the Gulf Cooperation Council countries in 2024 after the value of Gulf exports to it jumped by 47.9%.

The report, which was reviewed Read more…

Iraqi Dinar Guru opinions 11-8-2025

Iraqi Dinar Guru opinions 11-8-2025

11-8-2025 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Iraqi television Shafaq news started showing the possible new lower denomination dinar notes to the public. This is being seen as a big step towards changing the exchange rate for the Iraqi dinar. The new notes they tell us have upgraded security features that we have never seen before and are a signal of Iraq’s financial reforms moving forward. The show is that these notes are real and ready and they’re doing that just ahead of a potential exchange rate change…We’re not seeing it on Baghdad Channel 1 or any other outlet here. Kind of confusing. Read more…

Al-Saabri: The next parliament is required to legislate the oil and gas law.

Al-Saabri: The next parliament is required to legislate the oil and gas law.

11-8-2025

The Information Agency / Baghdad…
MP Hussein al-Saabri affirmed on Saturday that the upcoming parliament is required to overcome all political differences and proceed with enacting the oil and gas law, as it is one of the most prominent pieces of legislation Read more…

Al-Salami warns of constitutional violations in transferring Baghdad International Airport to the World Bank.

Al-Salami warns of constitutional violations in transferring Baghdad International Airport to the World Bank.

11-8-2025

The Information Agency / Baghdad –
MP Hadi al-Salami revealed on Saturday that the Cabinet’s decision to transfer Baghdad International Airport and the civil aviation sector to the International Finance Corporation (IFC), a member of the World Bank Group, contains serious legal and constitutional violations. He emphasized Read more…

Iraq avoids budget deficit thanks to one factor… Expert reveals the secret

Iraq avoids budget deficit thanks to one factor… Expert reveals the secret

2025/11/08

Economic expert, Salah Nouri, revealed that the Financial Management Law No. 6 of 2019 served as a safety valve that saved Iraq from entering a state of financial deficit by addressing cases of delay in approving the federal general budget law or its Read more…

Legal expert: The Iraq-Türkiye framework agreement is worthless.

Legal expert: The Iraq-Türkiye framework agreement is worthless.

11-8-2025

Information/Special…
Legal expert Dhafer al-Zarfi confirmed on Saturday that the framework agreement signed between the Iraqi government and Turkey lacks legal standing unless it is officially presented to the Council of Representatives. He stressed that any international agreement must be subject to legislative oversight before Read more…

Al-Karawi: Parliament is capable of passing the 2025 budget schedules after the elections.

Al-Karawi: Parliament is capable of passing the 2025 budget schedules after the elections.

11-8-2025

The Information Agency / Baghdad –
MP Mudhar al-Karawi confirmed on Saturday that the Iraqi Parliament can proceed with voting on the 2025 budget schedules if the government submits them after the November 11 elections.
Al-Karawi told the Information Agency, “The 2025 budget schedules can be Read more…

Oil Price: Iraq halts fuel imports

Oil Price: Iraq halts fuel imports

11-8-2025

The Iraqi Ministry of Oil, a website specializing in economic and energy affairs, revealed in a report published Saturday that Iraq has ordered a halt to imports of intermediate fuels such as gasoline, diesel, and kerosene, citing increased Read more…

Economic Observatory: Iraq extracted nearly one billion barrels of oil in 8 months

Economic Observatory: Iraq extracted nearly one billion barrels of oil in 8 months

2025-11-08 01:20

Shafaq News – Baghdad
The Eco Iraq Observatory announced on Saturday that the volume of oil production during the first eight months of this year, 2025, reached approximately one billion barrels, while oil export revenues amounted to Read more…

In eight months, Iraq’s financial revenues exceeded 82 trillion dinars.

In eight months, Iraq’s financial revenues exceeded 82 trillion dinars.

2025-11-08 01:51

Shafaq News – Baghdad
The Iraqi Ministry of Finance revealed on Saturday that the volume of revenues in the federal budget from January to August of last year 2025 exceeded 82 trillion dinars, noting that the contribution of oil to the budget amounted to Read more…

“Last-minute pressure”: Washington holds its breath ahead of Iraq elections

“Last-minute pressure”: Washington holds its breath ahead of Iraq elections

2025-11-08 04:04

Shafaq News – Washington/ Mustafa Hashim
As the November 11th election day approaches, which will determine Iraq’s fate in the coming years, Washington’s decision-making circles are looking towards Baghdad with apprehension and concern.

From the American perspective, these elections are not just a routine procedure, but Read more…

Iraq’s foreign currency reserves rise by more than three billion dollars

Iraq’s foreign currency reserves rise by more than three billion dollars

2025-11-08 04:32

Shafaq News – Baghdad
The Central Bank announced on Saturday that its foreign currency reserves had increased by more than three billion dollars by the end of September.

The bank said in an official statistic seen by Shafaq News Agency that “foreign reserves at the Central Bank until the 30th of September of this year amounted to Read more…

Regional Government: Kurdistan’s oil exports reached 7.5 million barrels via SOMO

Regional Government: Kurdistan’s oil exports reached 7.5 million barrels via SOMO

2025-11-08 04:15

Shafaq News – Erbil
Rebaz Hamlan, the Kurdistan Regional Government’s financial advisor, stated on Saturday that the region’s oil exports have reached more than 7.5 million barrels since they were resumed via the SOMO company through the pipeline Read more…

Ministry of Trade: Export Support Fund enhances the entry of Iraqi products into global markets

Ministry of Trade: Export Support Fund enhances the entry of Iraqi products into global markets

2025-11-07

The Ministry of Trade affirmed on Friday its commitment to activating export support tools and developing foreign trade, within the framework of the government’s vision aimed at diversifying national income sources, reducing dependence on oil revenues, and enhancing the entry of Iraqi products into global Read more…

Iraqi Dinar Guru opinions 11-7-2025

Iraqi Dinar Guru opinions 11-7-2025

11-7-2025 Newshound Guru Militia Man The central bank governor told us more than once that the project to delete the zeros off the exchange rate is going to happen. It’s still in process. They’re working on it. He can’t tell you exactly what’s going to take place but he can give you some information…If they do an adjustment, drop the 3-zeros from .00076 then…apply a real effective exchange rate based on fundamentals. [The fundamentals] are off their gold, their reserves etc. Read more…

Iraq announces a new phase of security cooperation with America

Iraq announces a new phase of security cooperation with America

2025-11-07 00:16

Shafaq News – Baghdad
The spokesman for the Commander-in-Chief of the Armed Forces, Sabah al-Nu’man, announced on Friday that Iraqi and American officials are committed to laying the foundations for a new phase of security cooperation, stressing that consultations between the two sides regarding Read more…

Parliamentary elections: Tomorrow is a day of electoral silence, and the commission is preparing for special and general voting.

Parliamentary elections: Tomorrow is a day of electoral silence, and the commission is preparing for special and general voting.

2025-11-07

The electoral process in Iraq will enter a period of electoral silence on Saturday morning, preceding the special and general voting process. The Independent High Electoral Commission confirmed its full readiness to conduct the electoral process in coordination with the relevant Read more…

Iraqi Dinar Guru opinions 11-6-2025

Iraqi Dinar Guru opinions 11-6-2025

11-6-2025 Newshound Guru Militia Man I think it still could be 4th quarter 2025. Does the REER settle somewhere around 3 times SDR? We’re going to find out…Every step of what I’m talking about is documented. What they’ve been doing is primarily executed in my view already. The CBI has reserves … $112 billion. They have compliance through all the new systems, international standards…Their next move is going to be an effective adjustment like they did in 2023. It’s going to be immediate. Read more…

US official: Bin Salman’s visit to Washington will focus on deals and normalization

US official: Bin Salman’s visit to Washington will focus on deals and normalization

11-6-2025

The former US ambassador to Saudi Arabia, Michael Ratney, confirmed on Thursday that the focus of Mohammed bin Salman’s visit to Washington in the coming two weeks—his first visit in seven years—will be on deals and Read more…

Sudani: We have provided an attractive and safe environment for investment.

Sudani: We have provided an attractive and safe environment for investment.

2025/11/06

Prime Minister Mohammed Shia Al-Sudani affirmed the provision of an attractive and safe environment for investment, and that the government has made great efforts to enhance services in all areas of the capital, indicating that systematic and structural steps have been taken Read more…