Iraqi Electricity: Plan to build 48,000 megawatt power plants

Iraqi Electricity: Plan to build 48,000 megawatt power plants

2025-10-21 04:13

Shafaq News – Baghdad
The Iraqi Ministry of Electricity announced on Tuesday the development of an integrated plan to establish power stations to produce (48) thousand megawatts, confirming the achievement of agreements and contracts to begin implementing Read more…

The Central Bank of Iraq sold more than $47 billion in sales in seven months.

The Central Bank of Iraq sold more than $47 billion in sales in seven months.

2025-10-21 04:04

Shafaq News – Baghdad
The Central Bank of Iraq revealed on Tuesday its foreign currency sales, which amounted to more than $47 billion during the first seven months of the current year.

The bank said in statistics reviewed Read more…

Preparing the 2026 budget… Parliament assigns the task to the new government: Al-Sudani’s era is over

Preparing the 2026 budget… Parliament assigns the task to the new government: Al-Sudani’s era is over

2025-10-21 06:04

Shafaq News – Baghdad
The Finance Committee of the Iraqi Parliament responded on Tuesday to statements made by an advisor to the government of Mohammed Shia al-Sudani regarding the preparation of the 2026 budget.

The Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, announced last Saturday that the Federal Ministry of Finance had begun Read more…

Iraq’s Internal Debt in Numbers: From Currency Printing to the Three-Year Budget

Iraq’s Internal Debt in Numbers: From Currency Printing to the Three-Year Budget

2025-10-21

Since 2003, Iraq has been trapped in a vicious financial cycle, plagued by recurring crises and changing governments. The only constant, however, is its reliance on domestic debt as a temporary savior during every financial crisis or oil price downturn. Whenever revenues dwindle, the state resorts to financing through Read more…

Iraqi Dinar Guru opinions 10-20-2025

Iraqi Dinar Guru opinions 10-20-2025

10-20-2025 Newshound Guru Militia Man You see the largest financial institutions in the world openly being involved in Iraq. For crying out loud there’s news on CNBC about Iraq. Western media, that’s huge. That’s really because it’s telling… Read more…

Central Bank: Iraq’s debt is moderate and within safe limits.

Central Bank: Iraq’s debt is moderate and within safe limits.

10/20/2025

The Central Bank of Iraq stressed that the ratio of public debt to GDP did not exceed 43%, describing it as moderate and within internationally safe limits, and does not constitute a burden on the national Read more…

Al-Karawi: Washington and Tel Aviv support al-Sudani’s continued rule to achieve their interests.

Al-Karawi: Washington and Tel Aviv support al-Sudani’s continued rule to achieve their interests.

10-20-2025

Al-Maalouma/Baghdad…
Hussein al-Karawi, head of the Coordination Body for the Popular Movement for the Belt and Road Initiative, confirmed on Monday that al-Sudani is seeking to control parliament and reach a second term, noting that both the American and Zionist sides are providing support and want this figure to remain in power after Read more…

Al-Gharibawi: Political divisions prevent the approval of the oil and gas law.

Al-Gharibawi: Political divisions prevent the approval of the oil and gas law.

10-20-2025

Al-Maalouma/Baghdad..
Representative Basem Al-Gharibawi expressed his deep regret on Monday over the failure to enact the oil and gas law during the current parliamentary session, noting that the depth of political differences makes it difficult Read more…

An economist calls for the establishment of a government bank to guarantee depositors’ funds.

An economist calls for the establishment of a government bank to guarantee depositors’ funds.

10-20-2025

Al-Maalouma / Baghdad..
Economic expert Basil Al-Obaidi confirmed on Monday that one of the most prominent reasons for the shortage of cash liquidity in Iraqi banks is the lack of confidence of citizens in the safety of their deposited funds. This has led many to store large sums of money, whether in Iraqi dinars or foreign currencies, Read more…

Barak: Iran is exhausted and Saudi Arabia is on the verge of normalization with Israel.

Barak: Iran is exhausted and Saudi Arabia is on the verge of normalization with Israel.

2025-10-20 00:39

Shafaq News – Washington
US Special Envoy to Syria Tom Barak said on Monday that the momentum behind US President Donald Trump’s 20-point plan to end the war in Gaza has made the path to expanding normalization agreements with Israel clearer than ever, despite ongoing challenges Read more…

Iraqi banks and exchange companies fined 91 billion dinars over nine months.

Iraqi banks and exchange companies fined 91 billion dinars over nine months.

2025-10-20 02:26

Shafaq News – Baghdad
The Central Bank of Iraq announced on Monday that it had imposed fines on banks and non-banking institutions (exchange companies) amounting to more than 91 billion Iraqi dinars over the first nine months of 2025.

A bank statistic, seen Read more…

Zebari: Appointing Savaya is a bold step toward restoring Iraq’s sovereignty from militia rule.

Zebari: Appointing Savaya is a bold step toward restoring Iraq’s sovereignty from militia rule.

2025-10-20 01:43

Shafaq News – Erbil
Kurdistan Democratic Party (KDP) leader Hoshyar Zebari said on Monday that US President Donald Trump’s appointment of Mark Savaya as his special representative to Iraq is an admission that the situation in the country is “abnormal.”

Zebari said Read more…

The International Monetary Fund (IMF) has announced its forecast for Iraq’s inflation rate in 2028.

The International Monetary Fund (IMF) has announced its forecast for Iraq’s inflation rate in 2028.

2025-10-20 05:15

Shafaq News – Washington
The International Monetary Fund (IMF) predicted on Monday that Iraq’s inflation rate will decline in 2028.

According to IMF data reviewed Read more…

The Coordination Framework considers the appointment of Trump’s envoy “normal” and awaits the government’s response.

The Coordination Framework considers the appointment of Trump’s envoy “normal” and awaits the government’s response.

2025-10-20 06:41

Shafaq News – Baghdad
The Coordination Framework affirmed on Monday that the US President’s appointment of a special envoy to Iraq is a “natural matter” to follow up on numerous issues between the two countries, while stating that it is awaiting the Iraqi government’s position on the matter before Read more…

Iraq is implementing comprehensive banking reforms in cooperation with the Central Bank and international consulting firms.

Iraq is implementing comprehensive banking reforms in cooperation with the Central Bank and international consulting firms.

10-20-2025

Researcher Shaza Khalil*
The Iraqi economy is one of the most oil-dependent in the world, with oil accounting for more than 90% of government revenues and exports. This makes Iraq’s economic stability highly dependent on fluctuations in global oil prices.
Although Iraq has vast natural resources, decades of Read more…

Trump calls Obama a threat to democracy and accuses him of spying

Trump calls Obama a threat to democracy and accuses him of spying

2025-10-20

US President Donald Trump described former President Barack Obama as a threat to democracy and accused him of spying on his election campaign.

“He (Obama) is threatening democracy himself,” Trump said in an interview with Fox News. “It started when he Read more…

Trump appoints Mark Savaya as special envoy to Iraq

Trump appoints Mark Savaya as special envoy to Iraq

2025-10-20

US President Donald Trump announced on Sunday the appointment of Mark Savaya as his special envoy to Iraq.

“I am pleased to announce that Mark Savaya will serve as Special Envoy to the Republic of Iraq,” Trump wrote Read more…

Iraqi Dinar Guru opinions 10-19-2025

Iraqi Dinar Guru opinions 10-19-2025

10-19-2025 Newshound Guru Clare Article: “Removing Zeros: 170 Tons of Gold and One Decision on the Table… Will the Iraqi Dinar Survive Erosion?” Quote: “the Central Bank of Iraq is opening the door to one of the most sensitive decisions in its modern monetary history: the project to remove zeros from the local currency… Modern economic analyzes confirm that strengthening the gold reserve provides the central bank with moral cover for any future monetary reform.” Read more…

Sudani’s advisor dispels debt concerns: Iraq is experiencing its most stable period of financial stability.

Sudani’s advisor dispels debt concerns: Iraq is experiencing its most stable period of financial stability.

10-19-2025

Baghdad – Mail
The Prime Minister’s financial advisor, Mazhar Mohammed Salih, dismissed concerns about Iraq’s debt on Sunday, saying the country is experiencing its most stable financial period.

“There is a blurry picture in interpreting the issue Read more…

Sudani’s advisor explains: External debt must be repaid by 2028 and does not exceed $9 billion.

Sudani’s advisor explains: External debt must be repaid by 2028 and does not exceed $9 billion.

2025-10-19 | 05:50

Alsumaria News- Economy
Advisor issued prime minister For financial affairs, Mazhar Muhammad Salih Today, Sunday, he clarified Iraq’s internal and external debts, noting that the external debt is due for repayment by 2028 and does not exceed $9 billion.

Saleh said in a statement to the official agency, “There is a blurry picture in Read more…