Parliamentary Finance Committee rules out approving 2025 budget

Parliamentary Finance Committee rules out approving 2025 budget

7-22-2025

Al-Maalouma / Special…
Member of the Parliamentary Finance Committee, Hussein Mounes, ruled out on Tuesday the possibility of the draft state budget and its detailed schedules reaching Parliament at the present time, pointing to the existence of major obstacles Read more…

Political faction: Al-Sudani decided to finance Kurdistan’s salaries for May and June, contingent on oil deliveries.

Political faction: Al-Sudani decided to finance Kurdistan’s salaries for May and June, contingent on oil deliveries.

2025-07-22 01:03

Shafaq News – Sulaymaniyah
Ali Hama Saleh, the rapporteur of the “National Position” movement in Kurdistan, stated on Tuesday that federal Prime Minister Mohammed Shia al-Sudani decided to fund the salaries of employees in the region for the month of May. He explained that salaries and financial dues for the following month are contingent on Read more…

“Money, Oil, and Mismanagement”… Baghdad Receives International Warnings

“Money, Oil, and Mismanagement”… Baghdad Receives International Warnings

2025-07-22 03:30

Shafaq News – Baghdad
The decline in global oil prices has negatively impacted rentier states, including Iraq, which relies primarily on oil imports to support the country’s general budget. This has prompted international organizations, economic agencies, and experts to warn Baghdad of major problems and propose solutions that must be implemented Read more…

The Central Bank of Iraq sold approximately $21 billion in the first quarter of 2025.

The Central Bank of Iraq sold approximately $21 billion in the first quarter of 2025.

2025-07-22 04:23

Shafaq News – Baghdad
The Central Bank of Iraq announced on Tuesday that it purchased more than $16.5 billion from the federal Ministry of Finance in the first quarter of 2025.

The bank stated in official statistics reviewed by Shafaq News Agency that “the Central Bank purchased $16.593 billion in foreign currency from Read more…

Signing a contract with the American company Schlumberger to develop a gas field in Anbar.

Signing a contract with the American company Schlumberger to develop a gas field in Anbar.

2025-07-22 05:33

Shafaq News – Baghdad
The Iraqi Ministry of Oil signed a contract on Tuesday with US company Schlumberger to develop production at the Akkas gas field in Anbar Governorate.

Deputy Prime Minister for Energy Affairs and Minister of Read more…

Iraqi Dinar Guru opinions 7-21-2025

Iraqi Dinar Guru opinions 7-21-2025

7-21-2025 Intel Guru Frank26 The process of the monetary reform is moving along very nicely. There’s no delays. There’s no disruptions. Everything is agreed upon. Things are just moving. That’s all. When you play chess, you already know you won the game five moves before it even happens. We know everything’s been approved. The last final game is… checkmate. That is what they’re doing. Read more…

Digital banks in Iraq: the birth of a new financial era

Digital banks in Iraq: the birth of a new financial era

07/21/2025

In conjunction with the Central Bank of Iraq’s efforts to enhance financial inclusion and modernize the banking system, a strategic initiative was launched. This initiative includes developing an instant payments project and issuing local cards, in addition to issuing Read more…

The government confirms its commitment to fulfilling its financial obligations.

The government confirms its commitment to fulfilling its financial obligations.

07/21/2025

A government advisor confirmed the state’s commitment to fulfilling its financial pledges, despite the challenges represented by the delay in implementing the article related to the oil agreement with the Kurdistan Region, as well as the repercussions of wars and fluctuations in oil prices. Meanwhile, the House of Representatives Read more…

Why did Türkiye decide to terminate the crude oil pipeline agreement with Iraq?

Why did Türkiye decide to terminate the crude oil pipeline agreement with Iraq?

2025-07-21 | 04:56

Alsumaria News- Economy revealed by the economic expert Nabil Al-Marsoumi Today, Monday, the possible reasons for the decision Türkiye By terminating the crude oil pipeline agreement with Iraq.

Al-Marsoumi said that Türkiye I decided to terminate the crude oil pipeline agreement with Iraq, based on Article 11 of the Agreement as amended Read more…

Parliamentarian: The budget will not reach Parliament, and the government is still funding 2023 projects.

Parliamentarian: The budget will not reach Parliament, and the government is still funding 2023 projects.

7-21-2025

Al-Maalouma / Special..
Representative Basem Al-Gharabi confirmed on Monday that the draft budget law for 2025 may not reach parliament at the present time, pointing to the financial problems facing ministries, especially in the area of investment financing.
Al-Gharabi said in a statement to Al-Maalouma Agency, “The current financial situation does not allow for the submission of budget tables Read more…

Erdogan ends 52-year oil deal with Iraq

Erdogan ends 52-year oil deal with Iraq

2025-07-21

Shafaq News – Ankara
Turkish President Recep Tayyip Erdoğan signed a decree on Monday to terminate a historic oil agreement between Türkiye and Iraq after 52 years of implementation.

Turkish media reported that Erdogan signed an official decree terminating the crude oil pipeline agreement concluded between Turkey and Iraq Read more…

Al-Sudani confirms stable electricity supply and pledges fuel self-sufficiency by 2027.

Al-Sudani confirms stable electricity supply and pledges fuel self-sufficiency by 2027.

2025-07-21 01:16

Shafaq News – Baghdad
Prime Minister Mohammed Shia al-Sudani announced on Monday that Iraq will achieve self-sufficiency in fuel for power plants by 2027, noting that his government has succeeded in maintaining an acceptable level Read more…

Parliamentary Finance Committee: The government has not prepared budget schedules, and the agreement with Kurdistan is subject to challenge.

Parliamentary Finance Committee: The government has not prepared budget schedules, and the agreement with Kurdistan is subject to challenge.

2025-07-21

Parliamentary Finance Committee member Mohammed Nouri confirmed that the federal government has not yet shown any serious intention to submit the budget schedules to the House of Representatives. He also deemed the recent agreement to deliver 230,000 barrels of oil from the region to the federal government as lacking Read more…

The Parliamentary Finance Committee announces the main topics of hosting the Director of Rafidain Bank.

The Parliamentary Finance Committee announces the main topics of hosting the Director of Rafidain Bank.

2025-07-21

The Finance Committee of the House of Representatives announced, on Monday, the most prominent topics of its hosting of the Director General of Rafidain Bank. The Chairman of the Committee, Atwan Al-Atwani, said in a speech during the hosting of the Director General of Rafidain Bank, that “the Finance Committee Read more…

Iraqi Dinar Guru opinions 7-20-2025

Iraqi Dinar Guru opinions 7-20-2025

7-20-2025 Intel Guru Frank26 Trump is leaving a wake of exchange rate changes on this plant in order for them to play fair and equally with our dollar. If they don’t, they don’t get a part of our economy. If they don’t get a part of our economy, you will fold…If [Iraq] de-pegs from the American dollar…then they’re in position to pair and that means they’re in position to float…They can start at a dollar if they want. Although it would be really stupid. What a waste of time. Start out at $3 or $4+. Let’s get going. We have a lot of work to do. Read more…

Iraq’s accession to international financial institutions enhances economic development opportunities.

Iraq’s accession to international financial institutions enhances economic development opportunities.

07/20/2025

As part of its efforts to strengthen its financial presence on the international stage and diversify funding sources for its service and construction projects, Iraq has taken a significant step by joining two of the most prominent multilateral financial institutions: the European Bank for Reconstruction and Development and the Asian Infrastructure Investment Bank. Although the direct Read more…

Ports: Floating and submerging the fourth part of the submerged tunnel under the Khor Al-Zubair Canal

Ports: Floating and submerging the fourth part of the submerged tunnel under the Khor Al-Zubair Canal

7-20-2025

Al-Maalouma/ Baghdad..
The General Company for Iraqi Ports announced, today, Sunday, the commencement of floating and submerging the fourth concrete piece of the components of the submerged tunnel project in the Grand Faw Port.
The Director General of the company, Read more…

Transport announces the completion date of the Grand Faw Port

Transport announces the completion date of the Grand Faw Port

7-20-2025

Al-Maalouma/Baghdad..
The Ministry of Transport announced, today, Sunday, that the Grand Faw Port is proceeding within the timetable set for its completion during the current year, noting that the financial and economic model for the development road project is in its final stages.
The ministry said in a statement Read more…

Kirkuk Airport: Landing of the first plane of a new airline coming from Saudi Arabia.

Kirkuk Airport: Landing of the first plane of a new airline coming from Saudi Arabia.

2025-07-20 01:56

Shafaq News – Kirkuk
Kirkuk International Airport announced today, Sunday, the landing of the first Global Aviation plane on the airport runway.

Airport spokesman Hardi Al-Salihi told Shafaq News Agency, “Kirkuk International Airport administration announces the landing of the first plane belonging to Global Aviation at 3:00 PM today,” indicating that Read more…

No more “purple fingers”… Iraq cancels electoral ink

No more “purple fingers”… Iraq cancels electoral ink

2025-07-20 02:14

Shafaq News – Baghdad
The Independent High Electoral Commission decided on Sunday to cancel the use of “electoral ink” on Election Day for the parliamentary elections scheduled for November 11, due to the use of biometric cards and matching three fingerprints Read more…