Iraq’s oil revenues exceed $7 billion in a month

Iraq’s oil revenues exceed $7 billion in a month

2025-08-26 02:07

Shafaq News – Baghdad
The Ministry of Oil announced on Tuesday the total oil exports and revenues generated for July, according to the final statistics issued by the State Oil Marketing Organization (SOMO).

SOMO said in statistics Read more…

Al-Sudani: Iraq’s imports exceed $70 billion

Al-Sudani: Iraq’s imports exceed $70 billion

2025-08-26 02:53

Shafaq News – Baghdad
Prime Minister Mohammed Shia al-Sudani announced on Tuesday that the financial value of Iraq’s imported goods and commodities has reached more than $70 billion.

This came in statements he made on the sidelines of his visit to the Border Ports Authority building, where he met Read more…

After a century of betrayal, is it time for America to recognize Kurdistan as an “independent state”?

After a century of betrayal, is it time for America to recognize Kurdistan as an “independent state”?

2025-08-26 05:14

Shafaq News – Special Translation
The American newspaper ” The Hill ” called on the Washington government to support the establishment of a “Kurdish state” in northern Iraq, as a “morally justified and strategically necessary” step, stressing that what this state needs now is “a flag recognized beyond Read more…

1015.. Erbil launches a hotline to receive corruption complaints.

1015.. Erbil launches a hotline to receive corruption complaints.

2025-08-26 06:10

Shafaq News – Erbil
Erbil Governor Omed Khoshnaw and the head of the Integrity Commission in the Kurdistan Region, Ahmed Anwar, announced on Tuesday the activation of the Integrity Commission’s hotline, number (1015), during a ceremony Read more…

Prime Minister: We have taken measures to link financial transfers to outlets.

Prime Minister: We have taken measures to link financial transfers to outlets.

2025-08-26

Prime Minister Mohammed Shia al-Sudani revealed, on Tuesday, a new mechanism for foreign currency that will be implemented on December 1st. The Prime Minister’s media office said in a statement, “Prime Minister Mohammed Shia al-Sudani visited the headquarters Read more…

Iraqi Dinar Guru opinions 8-25-2025

Iraqi Dinar Guru opinions 8-25-2025

8-25-2025 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Our president came out and spoke about how he backs the CBI’s efforts and he wants the dinar to be strengthened. He talked about the exchange rate of our currency. He explained to us, he said, some like to see increase for the Iraqi citizens. FRANK: Wow are you freaking kidding me?! FIREFLY: That was one of the presidents here in Iraq. He’s the one telling us the monetary reform is real. FRANK: I love it! …You don’t have to answer to America or anybody else anymore and neither does your exchange rate. Read more…

Advisor: The government has succeeded in harnessing the economy for international rapprochement.

Advisor: The government has succeeded in harnessing the economy for international rapprochement.

08/25/2025

Prime Minister Mohammed Shia al-Sudani’s government program focused on using economic power as a diplomatic tool to achieve Iraq’s national interests. It relies on a strategy of employing economic tools such as oil, investment, contracts, aid, trade, and commercial agreements to strengthen the country’s position and political standing regionally and internationally. Read more…

Credit rating

Credit rating

08/25/2025

As part of its relentless efforts to strengthen Iraq’s economic and financial position on the international map, the government of Prime Minister Mohammed Shia al-Sudani continues to implement an ambitious reform program for the financial and banking sector. This program aims to advance the national economy by stimulating global investment and Read more…

Parliamentary Committee: Budget tables will arrive before the elections.

Parliamentary Committee: Budget tables will arrive before the elections.

2025/08/25

Parliamentary Services Committee member Baqir Al-Saadi confirmed that the government has resumed work on a number of suspended service projects, as part of the 2023 and 2024 budgets.
Al-Saadi told Al-Furat News Agency that the committee is awaiting the government’s 2025 budget schedules, which Read more…

Law enforcement forces surround a demonstration in Baghdad demanding the cancellation of the Khor Abdullah agreement.

Law enforcement forces surround a demonstration in Baghdad demanding the cancellation of the Khor Abdullah agreement.

8-25-2025

Al-Maalouma/Baghdad..
A security source confirmed on Monday the deployment of law enforcement forces and the cordoning off of a demonstration in Nisour Square in central Baghdad, where participants demanded the cancellation of the Khor Abdullah agreement with the Kuwaiti side.
The source Read more…

Al-Mashhadani rejects the inclusion of the Popular Mobilization Forces law under American pressure.

Al-Mashhadani rejects the inclusion of the Popular Mobilization Forces law under American pressure.

8-25-2025

Al-Maalouma/Anbar..
Member of the Sovereignty Alliance, Ahmed al-Dulaimi, revealed on Monday that Parliament Speaker Mahmoud al-Mashhadani refused to include the Popular Mobilization Forces Law during today’s session, under the influence of what he described as Read more…

MP warns of corruption suspicions due to delay in submitting budget schedules

MP warns of corruption suspicions due to delay in submitting budget schedules

8-25-2025

Al-Maalouma/Baghdad..
Deputy Chairman of the Parliamentary Investment Committee, Hussein Al-Saabari, said on Monday that the delay in sending the 2025 general budget tables aims to “cover up the disbursement process of funds that bear clear suspicions of Read more…

Al-Sudani: 150 trillion dinars in annual spending, compared to only 3 trillion in tax revenues.

Al-Sudani: 150 trillion dinars in annual spending, compared to only 3 trillion in tax revenues.

2025-08-25 02:55

Shafaq News – Baghdad
Prime Minister Mohammed Shia al-Sudani affirmed on Monday that Iraq faces a major economic challenge, namely the priority of reform and the transition to a diversified economy. He noted that public spending in each fiscal year amounts to approximately 150 trillion dinars, compared to Read more…

Finance Minister: Iraq is witnessing tangible progress in tax reform.

Finance Minister: Iraq is witnessing tangible progress in tax reform.

2025-08-25

Finance Minister Taif Sami confirmed on Monday that Iraq is witnessing tangible progress in the field of tax reform, while pointing to the government’s commitment to developing the tax system in line with international standards. The Minister of Finance stated, in her speech during the Tax Conference for Economic Development Read more…

Iraqi Dinar Guru opinions 8-24-2025

Iraqi Dinar Guru opinions 8-24-2025

8-24-2025 Intel Guru Frank26 The new exchange rate cannot come out at 1310…because when Iraq signed the Paris Club Agreement…in 2003 the countries of the Paris Accord Agreement Club decided…to forgive the debt of Iraq up to 80% under one condition, that when they came back to the international community their currency would have at least a value of one American dollar. This is in print. This is in the writing of the Paris Club Agreement. That is why I sleep with a smile on my face every night…These are historical days. The new exchange rate is here and the WTO is hinting at that. Read more…

The first segment of the development road was shown to international companies.

The first segment of the development road was shown to international companies.

08/24/2025

The Ministry of Transport is preparing to present the first section of the development road project to international companies by the end of this year.

This was announced by the Ministry’s Media Office Director, Maitham Al-Safi, who confirmed in a statement to Al-Sabah that the development road project is progressing according to the set timelines, with the preliminary design phase Read more…

$100 billion is the value of investments in Iraq.

$100 billion is the value of investments in Iraq.

08/24/2025

The National Investment Commission confirmed that Iraq is currently witnessing an unprecedented phase of investment activity, as the volume of Arab and foreign investments attracted has exceeded the barrier of (100) billion dollars during the past two years.

Hanan Jassim, spokesperson for the authority, Read more…

The US accelerates the withdrawal of its forces from two bases in Iraq, ahead of schedule.

The US accelerates the withdrawal of its forces from two bases in Iraq, ahead of schedule.

2025/08/24

Informed sources revealed on Sunday that the United States has decided to withdraw all its forces from two military bases in Iraq.
Sources revealed that the US has decided to withdraw all its soldiers from the Ain al-Asad base in Anbar province and the Victoria base Read more…

Parliamentary Finance Committee: Lack of “need,” not trust, is behind Iraqis’ reluctance to use banks.

Parliamentary Finance Committee: Lack of “need,” not trust, is behind Iraqis’ reluctance to use banks.

2025/08/24

Jamal Koujar, a member of the Parliamentary Finance Committee, confirmed that citizens’ keeping of their money at home is primarily due to the “lack of need” for daily dealings with banks, noting that the lack of trust and routine procedures Read more…

With a new camouflage trick, the region replaces its oil smuggling fleet with freight vehicles.

With a new camouflage trick, the region replaces its oil smuggling fleet with freight vehicles.

8-24-2025

Al-Maalouma/Sulaymaniyah..
Saman Ali, a leader in the National Position Movement, revealed on Sunday that the oil smuggling network owned by Masoud Barzani’s party has replaced the tanker trucks designated for transporting oil derivatives with others for transporting goods in a camouflage operation Read more…