Al-Sudani: Iraq has raised its refining capacity to (1.3) million barrels per day.

Al-Sudani: Iraq has raised its refining capacity to (1.3) million barrels per day.

2025-08-24

Prime Minister Mohammed Shia Al-Sudani confirmed, today, Sunday, that Iraq has raised its refining capacity to (1.3) million barrels per day.

The media office said in a statement, “Within the framework of the government’s approach to strengthening national sovereignty Read more…

Iraqi Dinar Guru opinions 8-23-2025

Iraqi Dinar Guru opinions 8-23-2025

8-23-2025 Intel Guru Frank26 Oliver Wyman has extended the deadline from August 31st until the 28th of September concerning banks’ liquidity. Many will say, ‘Oh, no, this is the end of the world…bad news…terrible. They didn’t do what they were supposed to do, again.’ IMO this is actually very very good…Donald Trump is not playing any more games with anyone, especially with the monetary reform of Iraq. If Sudani and the CBI had not pleased Donald Trump enough to the point where he would say, ‘Forget about it, we’re shutting it all down.’ That’s what would have happened…Instead, you have an extension by Oliver Wyman and Trump…He says, ‘you’re going in the right direction with the monetary reform. You are pleasing me.’ If they weren’t, this deadline would not have been extended. Read more…

Iraq’s foreign reserves decline amid warnings

Iraq’s foreign reserves decline amid warnings

2025-08-23 09:14

Shafaq News – Baghdad
On Saturday, the head of the Iraq Future Foundation, Manar al-Obaidi, revealed a decline in Iraq’s foreign exchange reserves, warning of its impact on inflation and monetary stability.

Al-Obaidi said in a post, followed by Shafaq News Agency, that “in late 2022, the size of Iraq’s foreign reserves (foreign currencies, gold, and securities) amounted to Read more…

Aside from the Kurds and Sunnis, the Popular Mobilization Forces (PMF) law does not enjoy Shiite support: 64 MPs are obstructing its passage.

Aside from the Kurds and Sunnis, the Popular Mobilization Forces (PMF) law does not enjoy Shiite support: 64 MPs are obstructing its passage.

2025-08-23 07:47

Shafaq News – Baghdad
Iraqi parliament member Jawad al-Yasari confirmed on Saturday that the failure to pass the Popular Mobilization Forces (PMF) law in parliament to date is primarily due to the lack of Shiite consensus, followed by Sunni and Kurdish objections.

The leftist told Shafaq News Agency, “The Popular Mobilization Law has received the support of 116 Shiite MPs so far, out of approximately 180 Shiite MPs Read more…

Rights: Sunnis and Kurds lined up with Washington to reject the Popular Mobilization Law.

Rights: Sunnis and Kurds lined up with Washington to reject the Popular Mobilization Law.

8-23-2025

Al-Maalouma/Baghdad…
Member of the Rights Movement, Asifa Abbas Qadir, confirmed on Saturday that the Sunni and Kurdish blocs have sided with Washington in rejecting the legislation of the Popular Mobilization Forces (PMF) structure law, calling for the law to be included on the agenda Read more…

Al-Moussawi calls on the government to reveal its position on US actions in Iraq.

Al-Moussawi calls on the government to reveal its position on US actions in Iraq.

8-23-2025

Al-Maalouma / Baghdad..
MP Mukhtar al-Moussawi called on the Iraqi government on Saturday to announce a clear and explicit position on the recent movements of US forces, after information was received about the transfer of military units from Ain al-Assad base in Anbar province to Read more…

Al-Shammari: The demarcation of Khor Abdullah was marred by legal violations, and Parliament will not pass the agreement again.

Al-Shammari: The demarcation of Khor Abdullah was marred by legal violations, and Parliament will not pass the agreement again.

8-23-2025

Al-Maalouma/Baghdad..
Member of the Parliamentary Security and Defense Committee, MP Mohammed Al-Shammari, confirmed on Saturday the difficulty of passing the Khor Abdullah Agreement if it is re-submitted for a vote in the House of Representatives, indicating that the agreement directly affects Iraq’s sovereignty.
Al-Shammari said in a statement Read more…

US website: Trump’s tariffs on Iraq aim to drag it toward normalization

US website: Trump’s tariffs on Iraq aim to drag it toward normalization

8-23-2025

Al-Maalomah/Translation..
A report by the American website RealClearWorld confirmed on Saturday that the 35 percent tariff imposed by US President Donald Trump, which Trump announced on July 1st in a letter to Iraqi Prime Minister Mohammed Shia al-Sudani, appears Read more…

Economic Observatory: The Central Bank of Iraq “Slaughters” National Capital and Opens the Door to Monopoly

Economic Observatory: The Central Bank of Iraq “Slaughters” National Capital and Opens the Door to Monopoly

2025-08-23 01:27

Shafaq News – Baghdad
An Iraqi economic observatory said on Saturday that the Central Bank is “slaughtering” national capital and granting private banks control over foreign ownership. The observatory noted that it has imposed what it described as “unreasonable conditions” that place banks under Read more…

A high-level delegation from the Kurdistan Region visits Baghdad to resolve the issue of local revenues and oil deliveries.

A high-level delegation from the Kurdistan Region visits Baghdad to resolve the issue of local revenues and oil deliveries.

2025-08-23 02:39

Shafaq News – Sulaymaniyah / Erbil
A source in the Kurdistan Regional Government’s Council of Ministers stated on Saturday that a high-level delegation from the regional government, including Finance Minister Awat Sheikh Janab and Acting Minister of Natural Resources Kamal Mohammed Salih, will visit Baghdad this week to decide on Read more…

Iraq is the second largest exporter. The US imports 33 million barrels of oil from OPEC in one month.

Iraq is the second largest exporter. The US imports 33 million barrels of oil from OPEC in one month.

2025-08-23 02:22

Shafaq News – Washington
The US Energy Information Administration announced on Saturday that US oil imports from OPEC countries reached more than 33 million barrels in May 2025.

According to administration statistics reviewed Read more…

“Second Power Plant”… Iraq Receives the Longest Ship in the History of Khor Al-Zubair Port

“Second Power Plant”… Iraq Receives the Longest Ship in the History of Khor Al-Zubair Port

2025-08-23 04:02

Shafaq News – Basra
Khor Al-Zubair Port in Basra Governorate, southern Iraq, received today, Saturday, the longest ship in the port’s history, a Turkish power generation vessel named (ORKA SULTAN), demonstrating the port’s ability to receive giant ships with technical Read more…

Collaborated with Assad and is internationally sanctioned.. Syria hands over the printing of its new currency to a Russian company.

Collaborated with Assad and is internationally sanctioned.. Syria hands over the printing of its new currency to a Russian company.

2025-08-23 03:53

Shafaq News – Damascus
Syria is preparing to issue new banknotes on December 8, following a decision to remove two zeros from the currency. This move aims to restore confidence in the lira and enhance monetary stability.

The Governor of the Central Bank of Syria, Abdul Qader Hasriyya, stated in a post on LinkedIn that “changing the currency represents a fundamental pillar Read more…

23 km long and 200 km wide… New details about the navigation channel of Al-Faw Port

23 km long and 200 km wide… New details about the navigation channel of Al-Faw Port

2025-08-23 04:26

Shafaq News – Basra
The General Company for Iraqi Ports announced on Saturday that excavation and development work on the Grand Faw Port’s navigation channel is continuing. This project is part of strategic projects aimed at enhancing maritime traffic and facilitating the entry of large vessels Read more…

Iraq has “enormous” renewable energy potential amid the need for “urgent” reforms.

Iraq has “enormous” renewable energy potential amid the need for “urgent” reforms.

2025-08-23 04:57

Shafaq News – Baghdad
The International Renewable Energy Agency (IRENA) recently confirmed that Iraq is at a critical juncture in its transition to a more sustainable energy future, calling for urgent reforms and diversification of electricity sources away from its near-total reliance on oil.

The report, issued on August 23, 2025, indicated that Iraq’s electricity sector suffers Read more…

The Iraqi Parliament Presidency receives a “final draft” of the Popular Mobilization Forces (PMF) bill.

The Iraqi Parliament Presidency receives a “final draft” of the Popular Mobilization Forces (PMF) bill.

2025-08-23 05:38

Shafaq News – Baghdad
The Iraqi Parliament’s Security and Defense Committee announced on Saturday that it had completed the final draft of the Popular Mobilization Forces (PMF) bill and submitted it to the parliament’s presidency.

Committee member Mohammed Al-Shammari told Read more…

Iraqi Dinar Guru opinions 8-22-2025

Iraqi Dinar Guru opinions 8-22-2025

8-22-2025 Intel Guru Frank26 Right now [the Iraqi dinar] is going through a reinstatement of your old from 2003, which was $3.22. This is a reinstatement of $3.22. Once it does that, then it will also more than likely do an international float…Where it may go over $4.00 because…other Middle Eastern currencies have adjusted…Your currency should more than likely come out probably around $1.16 range IMO and quickly jump to $3.22 in the float and probably capped around $4.00 something… Read more…

Basra: Date set for operation of Turkish power generation ship

Basra: Date set for operation of Turkish power generation ship

2025-08-22 07:34

Shafaq News – Basra
Basra Provincial Council Energy Committee Chairman Thaer Al-Salihi revealed on Friday the date for the Turkish power plant’s entry into service.

Al-Salihi told Shafaq News Agency, “The arrival of the Turkish ship to Umm Qasr Port, Dock No. 9, is the first of its kind and will not be the last, as a barge will arrive at the same dock within 30 days Read more…

Erbil: Residents near Harir base reject US consulate call to evacuate their homes

Erbil: Residents near Harir base reject US consulate call to evacuate their homes

8-22-2025

Information/Erbil..
Local residents in Erbil Governorate confirmed on Friday their rejection of a call issued by the US Consulate demanding that they evacuate their homes located near the Harir military base.

A citizen, Salar Al-Jaf, told Al-Maalouma News Agency that “the US consulate asked residents to evacuate their homes adjacent to the base due to fears of Read more…

Trade: Iraq has completed the technical files to join the World Trade Organization.

Trade: Iraq has completed the technical files to join the World Trade Organization.

8-22-2025

Baghdad – Mail
Minister of Trade Athir Dawood Al-Ghariri announced that Iraq has completed the technical requirements for joining the World Trade Organization after two decades of challenges.
Al-Ghariri stated in a statement that “Iraq has completed all the technical files Read more…