A proposal to dissolve the Iraqi Ministry of Electricity: Annual spending of $8 billion remains unaddressed.
2025-06-09 00:59
Shafaq News/ Iraqi economic expert, Munar Al-Obaidi, revealed on Monday that the annual spending on the electricity sector in the country has exceeded 10 trillion dinars, in light of the absence of radical solutions to address the chronic imbalance in this issue. He proposed dissolving the Federal Ministry of Electricity and that local governments in the governorates should manage the issue by Read more…
A US report monitors Iraq’s “quiet return” to the global energy market.
2025-06-09 05:59
Shafaq News/ The American website International Policy Digest reported that Iraq is making a “quiet return” to the global energy scene, questioning whether it can transform oil into sustainable economic influence while still facing “institutional fragility” and ongoing political volatility.
The report, translated by Shafaq News Agency, explained that Iraq is quietly recalibrating its energy diplomacy as the global oil market enters a new phase Read more…
The Prime Minister’s advisor announces a ban on cash payments at government institutions starting next month.
2025-06-09
Prime Minister’s advisor, Saleh Salman, announced on Monday that cash payments will be banned in government institutions starting next month, while indicating that reforms will be implemented in the private banking sector. Salman told the official agency that “the Iraqi government has appointed Ernst & Young to restructure 6-7 state-owned banks in the country, including the Industrial Bank, the Real Estate Read more…
Iraqi Dinar Guru opinions 6-8-2025
6-8-2025 Newshound Guru Sandy Ingram The implications of [the Iran] negotiations extend beyond Iran and Israel…A successful deal could lead to regional stability potentially boosting Iraq’s economy and security…Iraq’s government must…foster positive relations with both the US and Iran. The value of the Iraqi dinar is also susceptible to the outcomes of these negations. A successful agreement…could stabilize oil markets benefiting oil dependent economies like Iraq. This stability might strengthen the IQD… However renewed sanctions or military conflict could disrupt oil exports and regional trade exerting downward pressure on the IQD…The stakes remain high. Read more…
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The currency printed in Iraq is at its lowest level since a year.
2025-06-08 | 02:58
Data showed Central Bank of Iraq The value of the issued currency, “printed” in Iraq Currently at its lowest level in a year.
According to the latest data Statistics For the currency issued in Iraq In April 2025, the value of the issued “printed” currency will be Read more…
Al-Bujari calls for an end to raising the flags of other countries on Iraqi ships.
6-8-2025
Information / Special..
MP Zahra Al-Bajjari called on Sunday for an end to the raising of other countries’ flags on Iraqi ships.
Al-Bujari told Al-Maalouma News Agency, “There is a very important law that has not yet been enacted, which is the Maritime Authority Law,” noting that “the draft law is ready for voting and ratification, but it is awaiting Read more…
Amidst the decline in oil prices, the 2025 budget requires realism, not administrative red tape.
6-8-2025
Information/Report..
The Iraqi government is currently preparing to complete preparations for the 2025 budget, within the framework of the three-year budget approved by the Council of Representatives in 2023.
Despite the supposed readiness of the legislative process, the country is Read more…
Iraq’s gold reserves fall in the world rankings
2025-06-08
Shafaq News/ The World Gold Council announced on Sunday that Iraq has dropped one place in the ranking of countries with the highest gold holdings in the world.
According to the latest table published by the Council in June, and reviewed by Shafaq News Agency, Iraq ranked 29th out of 100 countries listed Read more…
The American proposal: seriousness of implementation and difficulty of performance
6-8-2025
The paths to holding dialogue rounds between the United States and Iran remain dependent on the extent of mutual conviction regarding the feasibility of bilateral dialogue and the future prospects for achieving the strategic goals and objectives of continuing negotiations and their outcomes, engaging with them seriously, and making decisions regarding how to determine Read more…
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Prime Minister: We have moved towards sectors parallel to oil and have reached the export of 80 commodities.
2025-06-08
Prime Minister Mohammed Shia al-Sudani affirmed, on Sunday, the government’s orientation towards the parallel economic sectors to oil, pointing out that 80 Iraqi goods have been exported abroad. A statement from the Prime Minister’s media office stated that “al-Sudani received a number of senior Read more…
Iraqi Dinar Guru opinions 6-7-2025
6-7-2025 Newshound/Intel Guru Mnt Goat where…are…we…with the RV saga… The choo-choo train is still moving down the tracks quickly. It may make stops along the way, such as to combat money laundering, implementing financial reforms, implementing the Development Road Project, etc, etc. …Many of these plans are already accomplished, some now in motion and some still in the planning stages…They do not have to implement all of these plans to get there…Later this wealth will sustain the value of the dinar once reinstated…all trains eventually make it to the end of track. This end is coming. Read more…
The Parliamentary Economic Committee holds the Central Bank responsible for the liquidity crisis.
6-7-2025
Information/Baghdad…
On Saturday, Kazem Attia, a member of the Parliamentary Economics Committee, held the Central Bank responsible for the cash liquidity crisis, pointing to the banking system’s failure to find effective mechanisms to recycle currency within the system.
“The failure of the banking system has led citizens to hoard their money Read more…
After a Shafaq News investigation, Iraq moves toward its “forgotten treasure.”
2025-06-07
Shafaq News/ The Parliamentary Foreign Relations Committee called on the Iraqi Ministry of Foreign Affairs on Friday to demand that ambassadors and chargés d’affaires at embassies and consulates abroad take serious action to inventory Iraqi property and officially return it to state ownership.
$90 billion in the shadows: Iraq searches for a map of its forgotten treasure Read more…
140 trillion dinars enter the Iraqi treasury in one year, 91% of which comes from oil.
2025-06-07 00:32
Shafaq News/ The Iraqi Ministry of Finance revealed on Saturday that the revenues in the 2024 federal budget exceeded 140 trillion dinars, confirming that oil contributed 91% of those revenues.
Shafaq News Agency reviewed the data and tables issued by the Ministry of Finance in May for the previous fiscal year’s accounts, which showed Read more…
Where did the money go? Iraq’s domestic public debt is rising.
2025-06-07 03:47
Shafaq News/ The Central Bank of Iraq announced on Saturday that Iraq’s domestic public debt had risen by the end of March of this year, revealing the entities to which the debts had been allocated.
The bank stated in official statistics reviewed Read more…
Iraqi Dinar Guru opinions 6-6-2025
6-6-2025 Newshound/Intel Guru Mnt Goat Article: “ADVISOR TO THE PRIME MINISTER: THE VALUE OF IRAQ’S NATURAL RESOURCES EXCEEDS $16 TRILLION”. Quote: “…This is within the framework of the strategic directions of the Iraqi government’s program to diversify sources of national income…” …Sounds to me that when they ramp up this effort into high-gear, Iraq could see this revenue stream almost, if not equaling the oil revenues. So, again we see Iraq beating it’s chest as they are proud of their wealth…Basel requirements state the currency should reflect the value of the assets of that nation…All I can add is WOW! Read more…
Moon craters may hide treasure worth a trillion dollars!
6-6-2025
Information/ Follow-up..
A recent scientific study, published in the journal Planetary and Space Science, revealed that lunar craters may contain vast quantities of platinum-group metals (such as platinum, palladium, rhodium, ruthenium, iridium, and osmium), which are believed to have been transported to the lunar surface by metallic asteroids that Read more…
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Dangerous: Signs of a sudden withdrawal of US forces from Baghdad to Erbil
6-6-2025
Information/Anbar..
A member of the United Anbar Alliance, Mohammed al-Dulaimi, revealed on Friday strong indications of a sudden withdrawal of US forces from Baghdad toward Erbil in the Kurdistan Region.
Al-Dulaimi said in a statement to Al-Maalouma Agency that “the US forces cancelled the lease of the emergency airstrip inside their headquarters in Baghdad Read more…
A parliamentary coalition warns of the consequences of a plane landing at Mosul airport and sends a message to Al-Sudani’s government.
2025-06-06 01:46
Shafaq News/ The head of the parliamentary opposition coalition and Secretary-General of the “Faw Zakho” bloc, expert Amer Abdul-Jabbar Ismail, warned on Friday of the repercussions of landing a plane at Mosul International Airport due to the lack of a license and the danger it poses to the lives of passengers. He considered this matter to be a risk to the European Union extending its ban Read more…
With a capacity of 600 megawatts, the Turkish line enters service to boost Iraq’s electricity supply.
2025-06-06 05:11
Shafaq News/ A source in the Northern Region Electricity Directorate reported on Friday that the Turkish line has officially entered service, with a capacity of 600 megawatts, aiming to support the Iraqi electricity system, especially in the northern regions.
The source told Shafaq News Agency, “The line linking Iraq and Turkey entered service after completing technical Read more…
