Economist: The Ministry of Finance is currently unable to submit the draft budget, and identifies the reasons.
2025/08/06
Economic expert Rashid Al-Saadi confirmed that the Iraqi economy faces a number of challenges that hinder its stability, most notably those related to the region, in addition to corruption issues and its connection to the US Federal Reserve.
Al-Saadi told Al Furat News Agency that “the Ministry of Finance is currently unable Read more…
The Central Bank denies suspending dollar transactions at the Bank of Baghdad.
2025-08-06 | 10:35
Denied Central Bank of Iraq Wednesday, allegations of stopping the dollar transaction in Bank of Baghdad.
The bank confirmed in a statement that “the news circulating about stopping dealing in dollars in Bank of Baghdad Or stop his foreign reinforcements for Read more…
Al-Sudani: The Faw investment refinery will be a turning point in the oil industry.
8-6-2025
Al-Maalouma/Baghdad..
Prime Minister Mohammed Shia al-Sudani stressed on Wednesday the economic importance of the Faw investment refinery project, noting that it will be a turning point in the oil industry.
The Prime Minister’s media office said in a statement Read more…
Between incompetence and misconduct… Is the end of Al-Mashhadani’s presidency approaching?
8-6-2025
Information/Report
Amid a tense political climate and growing divisions among parliamentary blocs, Parliament Speaker Mahmoud al-Mashhadani faces widespread criticism within parliament, amid accusations of inability to manage sessions and public calls for his dismissal.
The legislative establishment is experiencing a state of near-total paralysis Read more…
Al-Kadhimi: The regional government is evading its oil commitments under flimsy pretexts.
8-6-2025
Al-Maalouma / Exclusive..
Representative Moeen Al-Kadhimi accused the regional government on Wednesday of not adhering to the financial agreement with the federal government, noting that the region has only handed over 120 billion dinars in non-oil revenues despite receiving 900 billion dinars Read more…
The US State Department warns Baghdad: The Popular Mobilization Law changes the nature of our bilateral security partnership with Iraq.
2025-08-06
Shafaq News – Washington
The US State Department confirmed Tuesday evening that Washington opposes the Iraqi parliament’s efforts to enact the Popular Mobilization Forces (PMF) law, noting that its passage would alter the nature of the bilateral security partnership with Baghdad.
“We strongly oppose the legislation Read more…
Economic Monitor: 35 Iraqi banks out of 72 sanctioned by the US for “snitching”
2025-08-06 03:16
Shafaq News – Baghdad
The Echo Iraq Observatory, which specializes in economic affairs, revealed on Wednesday that 35 of the 72 banks operating in Iraq are subject to US sanctions, noting that among them is the Bank of Baghdad, which holds accounts for the US embassy and its employees.
The observatory explained, in a report it prepared Read more…
The Oil Minister announced via Shafaq News that spending on gasoline imports will be reduced by 90%.
2025-08-06 04:14
Shafaq News – Kirkuk
Oil Minister Hayan Abdul Ghani announced on Wednesday that annual spending on importing refined gasoline would be reduced from $5 billion to $500 million, following the opening of a hydrogenation and refined gasoline unit in Kirkuk Read more…
Iraq tops the list… India turns to the Middle East for oil imports
2025-08-06 03:59
Shafaq News – New Delhi
India is seeking to open new outlets to import oil to replace Russian crude, which is under intense pressure from the United States. Middle Eastern countries, led by Iraq, are emerging as potential candidates to fill any gap Read more…
With a “new law,” Iraq is in the crosshairs of US sanctions aimed at drying up Tehran’s funding.
2025-08-06 04:18
Shafaq News – Special Translation
The American website Oil Price revealed on Wednesday that Iraq has officially entered the targeted circle within the escalating US sanctions strategy against Iran, through a new bill submitted to Congress that aims to ban its imports Read more…
Oil Minister: Tomorrow we will resume oil exports via Ceyhan, Turkey.
2025-08-06
Oil Minister Hayan Abdul Ghani inaugurated a number of oil station development and rehabilitation projects in Kirkuk province on Wednesday, while confirming that today or tomorrow we will resume oil exports via Ceyhan, Turkey. The minister Read more…
The Electoral Commission is enhancing voting machines with advanced cooling systems to cope with Iraq’s sweltering heat.
2025-08-06
The Independent High Electoral Commission announced technical updates to its verification and results acceleration devices in preparation for the upcoming parliamentary elections. Najaf Governorate announced that the distribution of old biometric cards among voters has exceeded Read more…
Iraqi Dinar Guru op’s 8-5-2025
8-5-2025 Intel Guru Frank26 The rate change will occur when the [Iraqi] banks are closed, not during business hours. It’ll be a massive shutdown all across the board. Read more…
Kurdish sources: Erbil refuses to hand over non-oil revenues and prevents Baghdad committees from auditing.
8-5-2025
Information/Baghdad..
Informed Kurdish sources revealed on Tuesday that the implementation of the financial agreement between the federal government and the Kurdistan Regional Government (KRG) continues to stall due to the latter’s refusal to hand over non-oil revenues to Baghdad.
Sources told Al-Maalouma News Agency that “the regional government is not Read more…
Iraq is threatened with sanctions.. Kurdish oil smuggling exposes corruption.
8-5-2025
Information/Exclusive:
Economic analyst Faleh al-Zubaidi warned Tuesday of the catastrophic consequences Iraq could face as a result of the continued smuggling of crude oil from the Kurdistan Region, stressing that this dangerous issue could lead to international sanctions being imposed Read more…
Al-Karawi warns of a financial crisis causing salary delays.
8-5-2025
Al-Maalouma / Special..
Member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, confirmed on Tuesday that the delay in disbursing salaries to employees, retirees, and even social welfare benefits is the result of a real liquidity crisis due to the deficit in Read more…
Today, Earth records one of its shortest days, amid warnings from NASA scientists.
2025-08-05 07:23
Shafaq News – Follow-up
Earth experienced one of its shortest days in history on Tuesday, an unusual phenomenon that caused the planet’s rotation to noticeably accelerate. Scientists, particularly from NASA, have warned of the potential environmental and health Read more…
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US: Arrest warrants issued for Democratic lawmakers for absenteeism from parliament sessions
2025-08-05 00:44
Shafaq News – Washington
Texas Governor Greg Abbott announced Tuesday that arrest warrants have been issued for members of the Democratic Party’s legislative branch.
This action is Abbott’s latest attempt to force Democrats back to the Capitol, escalating a dispute that has been ongoing since more than 50 Democratic lawmakers left the state to disrupt a vote Read more…
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Preparatory procedures for selecting the operating company for Mosul International Airport have begun.
2025-08-05 01:11
Shafaq News – Nineveh
Nineveh Governor Abdul Qadir al-Dakhil announced on Tuesday the commencement of preparatory procedures to select a company to operate Mosul International Airport. This is based on directives from Prime Minister Mohammed Shia al-Sudani and under the direct supervision of Read more…
India diversifies its oil sources, and Iraq is an imminent alternative to Russia.
2025-08-05 03:51
Shafaq News – Baghdad
Middle Eastern countries, led by Iraq, have emerged as potential candidates to fill any gap left by Russian supplies to India should Western sanctions on Moscow escalate.
India’s Department of Statistics reported that the country’s imports Read more…
Economic expert Rashid Al-Saadi confirmed that the Iraqi economy faces a number of challenges that hinder its stability, most notably those related to the region, in addition to corruption issues and its connection to the US Federal Reserve.