Iranian currency falls to 105 under snapback

Iranian currency falls to 105 under snapback

2025-09-21 01:11

Shafaq News – Tehran
The Iranian currency fell again on Sunday, breaching 105,000 tomans to the dollar on the unofficial market, a record low reflecting the increasing pressure on the Iranian economy amid the reimposition of international sanctions.

According to platforms that track exchange rates, the US dollar in cash in Tehran was trading at approximately Read more…

Iraqi Parliament: SOMO has agreed with Türkiye to resume Kurdistan Region oil exports.

Iraqi Parliament: SOMO has agreed with Türkiye to resume Kurdistan Region oil exports.

2025-09-21 02:56

Shafaq News – Kirkuk
Shakhwan Abdullah, Deputy Speaker of the Iraqi Parliament, stated on Sunday that the national oil company SOMO had reached an agreement with the Turkish side to resume oil exports from the Kurdistan Region after a halt that lasted more than two years.

In a statement to reporters today, Abdullah said that the regional government had Read more…

Iraq: Billions of dollars drop in trade balance, oil derivative exports rise

Iraq: Billions of dollars drop in trade balance, oil derivative exports rise

2025-09-21 04:04

Shafaq News – Baghdad
The Iraq Future Foundation for Economic Studies and Consultations reported on Sunday that the country’s trade balance declined to a surplus of approximately $6 billion during the first half of this year, compared to last year.

The institution stated in a report published today that Iraq’s trade balance Read more…

Iraq is about to open one of the largest renewable energy projects in the region.

Iraq is about to open one of the largest renewable energy projects in the region.

2025-09-21 05:10

Shafaq News – Baghdad
Iraqi Electricity Minister Ziyad Ali Fadhil announced on Sunday that the ministry will soon launch the “Shams Basra” clean energy project.

This came in a speech he delivered during the inauguration of the first phase of the Karbala Solar Power Plant project, the first of its kind in Iraq, in the presence of Prime Minister Read more…

A close associate of al-Sadr: The real alternative to boycotting the elections is to replace the current faces “without a trace”

A close associate of al-Sadr: The real alternative to boycotting the elections is to replace the current faces “without a trace”

2025-09-21 06:49

Saleh Mohammed al-Iraqi, a close associate of Shiite National Movement leader Muqtada al-Sadr, revealed on Sunday that al-Sadr is demanding comprehensive reform and the replacement of senior officials in power in exchange for ending his boycott of the upcoming parliamentary elections Read more…

Trump’s Call to End Quarterly Reports: Implications for the Global Economy

Trump’s Call to End Quarterly Reports: Implications for the Global Economy

9-21-2025

Researcher Shaza Khalil*
In a recent post on Truth Social, US President Donald Trump proposed ending the decades-old requirement for public companies in the United States to file their financial reports every three months. Instead, he called for semi-annual reporting, arguing that this step would save money and reduce “short-term thinking” among executives. Trump asserted that US companies are too focused on meeting immediate investor demands, while countries like China take a long-term approach to business.

Why does it matter in the United States? Read more…

SOMO reveals increase in revenues from oil exports

SOMO reveals increase in revenues from oil exports

2025-09-21

The State Oil Marketing Organization (SOMO) announced on Sunday that it had achieved an increase in its revenues after the voluntary cut was ended. The company’s general manager, Ali Nizar Al-Shatri, told the official news agency that “Iraq has achieved an increase in its oil exports after the voluntary cut was gradually ended by the OPEC Read more…

Electoral Commission: “Vote buying is an electoral crime, and any candidate who commits it will be referred to the judiciary.”

Electoral Commission: “Vote buying is an electoral crime, and any candidate who commits it will be referred to the judiciary.”

2025-09-21

The Independent High Electoral Commission confirmed on Sunday that the punishment of the candidate who “buys votes” may occur even after his victory if the crime is proven, while indicating that some candidates deceive voters by intimidating them by saying that they “are able to know where their votes went and Read more…

Iraqi Dinar Guru opinions 9-20-2025

Iraqi Dinar Guru opinions 9-20-2025

9-20-2025 Intel Guru Frank26 Based on what Sudani is telling you [Iraqi citizens] IMO the IQD will soon be in the international market…it looks like they are preparing you to give you the new exchange rate. That’s why they’re telling you all these things. They’re like preliminary steps before you receive your purchasing power…The security and stability you have is what’s making this work thanks to Donald Trump…We are living a final countdown. Read more…

Al-Tamimi: 5 points to save Iraq from the drought crisis

Al-Tamimi: 5 points to save Iraq from the drought crisis

9-20-2025

Al-Maalouma/Baghdad..
Representative Salah Al-Tamimi called on Saturday for the adoption of five main points to address the drought crisis facing Iraq, warning that the crisis is not immediate and could turn into a greater disaster if urgent measures are not taken.
Al-Tamimi said in a statement to Al-Maalouma, “The drought crisis requires radical Read more…

Warnings of corruption deals resulting from failure to submit budget schedules

Warnings of corruption deals resulting from failure to submit budget schedules

9-20-2025

Al-Maalouma/Baghdad..
Representative Hussein Ali ruled out, on Saturday, the approval of the budget tables within the House of Representatives at the present time, accusing the government of deliberately stalling in sending them to Parliament.
Ali said in a statement to / Al-Maalouma /, that “the government’s delay in referring the budget tables represents a clear negligence by Prime Minister Mohammed Shia Read more…

Parliamentary Finance Committee: No justification for delaying budget schedules

Parliamentary Finance Committee: No justification for delaying budget schedules

9-20-2025

Al-Maalouma/Baghdad
The Parliamentary Finance Committee confirmed on Saturday that the government has not yet sent the tables of the draft 2025 budget to the House of Representatives, considering this delay a violation of the Financial Management Law.
Committee member, MP Hussein Mounes, told Al-Maalouma News Agency, “The Finance Committee has repeatedly asked the government to send detailed tables Read more…

Al-Maliki: How can we trust a 25-year vision when a government is incapable of managing a single-year budget?

Al-Maliki: How can we trust a 25-year vision when a government is incapable of managing a single-year budget?

9-20-2025

Al-Maalouma/Baghdad..
Member of Parliament, Raed Al-Maliki, strongly criticized the government’s performance on Saturday for its inability to manage the one-year budget file, questioning its launch of a 25-year vision.
Al-Maliki said in a statement received by Al-Maalouma Agency, “How can we trust Read more…

MP: The government has failed to combat corruption, and we have observed violations in more than 20 cases.

MP: The government has failed to combat corruption, and we have observed violations in more than 20 cases.

9-20-2025

Al-Maalouma/Baghdad..
MP Yasser Al-Husseini confirmed on Saturday that the government has failed to combat corruption, pointing out that violations have been observed in more than 20 vital files.
Al-Husseini told Al-Maalouma that “corruption is a scourge that eats away at the institutions of the Iraqi state, and it is no less dangerous than Read more…

The Coordination Framework places a letter to Trump in the Iraqi president’s bag for New York.

The Coordination Framework places a letter to Trump in the Iraqi president’s bag for New York.

2025-09-20 07:16

Shafaq News – Baghdad
An informed source revealed, on Saturday, a secret message carried by the presidential delegation participating in the meetings of the United Nations General Assembly in New York in its (80) session, which he said was related to the nature of the relationship between Baghdad and Washington.

The source explained Read more…

Masrour Barzani confirms an understanding reached between Kurdistan’s oil companies and the federal government.

Masrour Barzani confirms an understanding reached between Kurdistan’s oil companies and the federal government.

2025-09-20 01:36

Shafaq News – Dohuk
Kurdistan Regional Government Prime Minister Masrour Barzani confirmed on Saturday that oil companies operating in the region and the federal government have reached a preliminary understanding regarding financial dues for crude oil extraction costs, in preparation for a final agreement to resume Read more…

Heading a high-level government delegation, the President of the Republic of Iraq visits the United States.

Heading a high-level government delegation, the President of the Republic of Iraq visits the United States.

2025-09-20 02:28

Shafaq News – Baghdad / Washington
Today, Saturday, President of the Republic, Abdul Latif Jamal Rashid, headed to the United States of America to participate in the meetings of the United Nations General Assembly in New York in its (80) session.

Rashid is heading an official delegation that includes Deputy Prime Minister and Read more…

Iraqi traders discuss developing import and export at the Tradex Summit in Erbil.

Iraqi traders discuss developing import and export at the Tradex Summit in Erbil.

2025-09-20 02:18

Shafaq News- Erbil
The Kurdistan Region Importers and Exporters Union held the Tradex Summit in Erbil Governorate, with the participation of a large number of businessmen, investors, and experts in the field of trade and economics.

The summit, held today, Saturday, aims to develop the digital trade system, Read more…

Al-Sudani: We hope Iraq will be a gateway for 20% of Asian trade to Europe.

Al-Sudani: We hope Iraq will be a gateway for 20% of Asian trade to Europe.

2025-09-20 02:50

Shafaq News – Baghdad
Prime Minister Mohammed Shia al-Sudani announced on Saturday that Iraq aspires to become a gateway for 20 percent of trade from Asia to Europe via the vital development road project.

“We look forward to an Iraq that is largely free of oil revenues Read more…

US report: Iraq needs $95 oil price to balance its budget

US report: Iraq needs $95 oil price to balance its budget

2025-09-20 02:32

Shafaq News – Baghdad
S&P Global Commodity Insights revealed on Saturday that Iraq needs an oil price of $92 per barrel to balance its budget this year.

According to the agency’s report on the oil prices needed by the Middle East and North Africa region to balance its national budgets for 2025, which was reviewed by Read more…