Central Bank of Iraq: Decrease in public spending and stability in domestic debt

Central Bank of Iraq: Decrease in public spending and stability in domestic debt

2025-07-30 02:50

Shafaq News – Baghdad
The Central Bank of Iraq revealed on Wednesday a decline in public spending and a stabilization of domestic debt in April 2025.

The bank indicated in a report Read more…

A state-owned bank announces the settlement of 87% of Iraq’s external debt.

A state-owned bank announces the settlement of 87% of Iraq’s external debt.

2025-07-30 04:13

Shafaq News – Baghdad
Rafidain Bank announced on Wednesday that it had achieved “substantial” progress on its foreign debt portfolio, settling approximately 87% of total international obligations through high-level financial and legal negotiations, resulting in a significant Read more…

Iraq is ranked 51st globally and fifth in the Arab world among the largest exporting countries in the world.

Iraq is ranked 51st globally and fifth in the Arab world among the largest exporting countries in the world.

2025-07-30 04:55

Shafaq News – Baghdad
Iraq ranked 51st globally and fifth in the Arab world among the largest countries in 2025, according to Country Cassette, a website specializing in collecting international data and statistics.

The website said in a report seen by Shafaq News Agency that global trade has flourished thanks to Read more…

Iraqi Dinar Guru opinions 7-29-2025

Iraqi Dinar Guru opinions 7-29-2025

7-29-2025 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy said at work [the Iraq bank] they have talked to us about a system lockout and how this would be all of Iraq when this happens. They’re saying it’s going to be for maintenance. We have never had a maintenance lockout like this before. We don’t know the time or the date…We’re hearing about this at work and we guess when the time is right they going to announce to everybody the citizens…This is unusual. FRANK: I too have never seen a pause like this before. It’s usually for an audit for the start of a quarter but this is different. It feels different…smells different. This is the perfect window being created unexpectedly to introduce or do something different. This is a break in the pattern of your banking system… Read more…

Iraq uses power ships to increase electricity production.

Iraq uses power ships to increase electricity production.

2025-07-29 09:14

Shafaq News – Baghdad
The Council of Ministers announced on Tuesday its approval to equip floating power plants with a production capacity of 590 megawatts for national electricity via “generating ships.”

A statement issued by the Prime Minister’s Office Read more…

300 MW solar energy project in the Karbala desert

300 MW solar energy project in the Karbala desert

2025-07-29 08:23

Shafaq News – Karbala
Iraqi Electricity Minister Ziyad Ali Fadhil announced on Tuesday that work on the Karbala Solar Power Plant project, the first solar project to be integrated into the national electricity grid, is continuing.

A statement issued by his office, Read more…

Parliamentary Wealth Committee: Kurdistan Region is obligated to pay its oil revenues.

Parliamentary Wealth Committee: Kurdistan Region is obligated to pay its oil revenues.

7-29-2025

Al-Maalouma/Baghdad..
Member of the Parliamentary Oil and Natural Resources Committee, Basem Naghmesh, confirmed today, Tuesday, that the Kurdistan Region is obligated to hand over oil revenues to the federal government, according to the agreement signed Read more…

MP: Withdrawing US forces from Iraq is a national obligation for Al-Sudani’s government

MP: Withdrawing US forces from Iraq is a national obligation for Al-Sudani’s government

7-29-2025

Al-Maalouma / Baghdad..
Member of Parliament, Yasser Al-Husseini, affirmed today, Tuesday, that the withdrawal of US forces from Iraq represents a national obligation for the current government, noting that the previous government shirked its responsibilities Read more…

Integrity announces Iraq’s accession to the International Anti-Corruption League.

Integrity announces Iraq’s accession to the International Anti-Corruption League.

7-29-2025

Al-Maalouma/Baghdad..
The Federal Integrity Commission announced, on Tuesday, that Iraq has joined the International Association of Anti-Corruption Authorities.
A statement from the Commission received by Al-Maalouma Agency stated that: “The Republic of Iraq, represented by Read more…

SVR: US-UK talks to replace Zelensky with Zaluzhny

SVR: US-UK talks to replace Zelensky with Zaluzhny

2025-07-29 06:44

Shafaq News – Moscow
Russia’s Foreign Intelligence Service (SVR) revealed on Tuesday that the United States and the United Kingdom are considering replacing Ukrainian President Volodymyr Zelensky.

The agency added that the discussions were attended by Zelensky’s chief of staff, Read more…

The President of the Republic issues a decree appointing Al-Atwani as Governor of Baghdad

The President of the Republic issues a decree appointing Al-Atwani as Governor of Baghdad

2025-07-29 01:59

Shafaq News – Baghdad
Iraqi President Abdul Latif Jamal Rashid issued a presidential decree on Tuesday appointing Atwan al-Atwani as head of the local government of the capital, Baghdad.

Rashid, in accordance with the decree he signed on July 29, directed Read more…

Iraq’s financial revenues exceed 46 trillion dinars in five months.

Iraq’s financial revenues exceed 46 trillion dinars in five months.

2025-07-29 02:19

Shafaq News – Baghdad
The Ministry of Finance revealed on Tuesday that Iraq’s federal budget revenues from January to May 2025 exceeded 46 trillion dinars, confirming that oil accounts for 91% of the budget.

Shafaq News Agency followed up on the data and tables issued Read more…

Türkiye demands Iraq guarantee “full use” of the Kirkuk-Ceyhan pipeline through a new agreement.

Türkiye demands Iraq guarantee “full use” of the Kirkuk-Ceyhan pipeline through a new agreement.

2025-07-29 02:57

Shafaq News – Baghdad
Turkish Energy Minister Alparslan Bayraktar confirmed on Tuesday that his country demands that the proposed new agreement with Iraq include a “mechanism ensuring full use” of the Kirkuk-Ceyhan oil pipeline, as part of ongoing negotiations to expand the bilateral agreement Read more…

OPEC+ asks Iraq to submit a plan to compensate for excess oil production.

OPEC+ asks Iraq to submit a plan to compensate for excess oil production.

2025-07-29 03:28

Shafaq News – Baghdad
The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has asked Iraq to submit an updated plan to compensate for excess oil production that exceeded its quota under production agreements.

The committee stressed the need for full compliance Read more…

Iraqi Dinar Guru opinions 7-28-2025

Iraqi Dinar Guru opinions 7-28-2025

7-28-2025 Intel Guru Frank26 Community comment: “It’s simple. They change their rate and play fair or face tariffs and sanctions. The end.” Frank: Yeah that’s it. And if Sudani doesn’t want to do what he’s supposed to do, trust me, Trump has already shut down the auctions. Trump has already removed the dollar. Trump has already fined them…I don’t know if he’s put sanctions. I think he did…I am pissed at the pace of this reinstatement but I know what Trump is doing. Read more…

Government program and economic policies revive the dinar

Government program and economic policies revive the dinar

07/28/2025

In its third year of implementation, the government program continues to make steady progress toward achieving its economic goals, despite the complex challenges posed by regional and international realities, particularly regarding the threat of war, fluctuations in energy markets, and volatile global economic cycles.

However, national growth indicators remain evident across Read more…

Bank of Baghdad achieves a historic achievement as the first bank in Iraq.

Bank of Baghdad achieves a historic achievement as the first bank in Iraq.

2025/07/28

In a move that confirms its leadership position and advanced financial capabilities, the Bank of Baghdad announced an unprecedented achievement in the Iraqi banking sector, concluding a strategic agreement with the Ministry of Finance to become the first private bank ever to be granted the authority Read more…

10 Reasons Behind the Decline in the US Dollar Against the Iraqi Dinar

10 Reasons Behind the Decline in the US Dollar Against the Iraqi Dinar

2025-07-28 | 07:02

Alsumaria News
The exchange rate of the dollar against the Iraqi dinar has witnessed a significant decline recently. This decline is due to a group of intertwined economic and procedural factors, which vary in their level of influence but, together, have Read more…

Al-Muhammadi: The government violated the law by not submitting budget schedules.

Al-Muhammadi: The government violated the law by not submitting budget schedules.

7-28-2025

Al-Maalouma / Baghdad..
Member of the Parliamentary Legal Committee, Yahya Al-Muhammadi, confirmed today, Monday, that the government committed a legal violation by not sending the 2025 budget tables to Parliament within the specified deadlines.
Al-Muhammadi said in a statement Read more…

Financial expert: “Economic uncertainty” behind the dollar’s decline in Iraq

Financial expert: “Economic uncertainty” behind the dollar’s decline in Iraq

2025-07-28 02:22

Shafaq News – Baghdad
Financial expert Mahmoud Dagher attributed the gradual decline in the US dollar exchange rate against the Iraqi dinar on Monday to “economic uncertainty,” weak government spending, and a stagnant market.

Dagher told Shafaq News Agency, “The reason behind the dollar’s decline against the Iraqi dinar is the state Read more…