Prime Minister’s Advisor: Tax trusts contribute to securing government spending

Prime Minister’s Advisor: Tax trusts contribute to securing government spending

2025-05-02

The Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, confirmed on Friday that tax trusts are part of the general budget’s financial space and can be relied upon to adjust government spending, ensuring that basic obligations are met without compromising financial Read more…

The Ministry of Transport reveals the progress achieved at the Grand Faw Port.

The Ministry of Transport reveals the progress achieved at the Grand Faw Port.

2025-05-02

The Ministry of Transport revealed, on Friday, the latest developments in the Strategic Development Road project, stressing its commitment to the specified timetables, while announcing the progress rates achieved in the Grand Faw Port. The spokesman for the Ministry of Transport, Maitham Al-Safi, told the official agency that “work is currently underway to complete Read more…

Iraqi Dinar Guru opinions 5-1-2025

Iraqi Dinar Guru opinions 5-1-2025

5-1-2025 Newshound Guru Clare Article: “Government advisor: Linking national banks with their American counterparts provides a means for economic stability.” Quote: “Salih, confirmed on Wednesday…the Central Bank of Iraq’s efforts to link national banks with major banks and financial institutions in the United States, with more than one bank that enjoys international standing, is an important means of providing economic stability and improving the investment, trade, and development climate in our country…” Read more…

Exclusive: A source reveals the truth behind a government decision to withdraw tax deposits.

Exclusive: A source reveals the truth behind a government decision to withdraw tax deposits.

2025-05-01 09:17

Shafaq News/ A responsible source explained on Thursday that the Iraqi government withdrew funds from tax deposits to cover expenses, including salaries, and did not record a final account for the public treasury.

The source told Shafaq News Agency, “Some social media outlets and satellite channels circulated a Cabinet decision regarding the withdrawal of tax deposits. We would like to point out that these funds Read more…

Economist: Iraq lost $7.4 billion of its foreign reserves in three months.

Economist: Iraq lost $7.4 billion of its foreign reserves in three months.

5-1-2025

Al-Maalomah/Baghdad…
Economic expert Nabil Al-Marsoumi revealed, on Thursday, a significant decline in the Central Bank of Iraq’s foreign currency reserves during the first quarter of 2025, as a result of the decline in oil revenues resulting from the decline in global oil prices.
Al-Marsoumi said in a tweet followed by Al-Maalomah, “The Central Bank’s reserves decreased from Read more…

Talabani’s party: The oil and gas law is off the agenda for the current session, despite the government’s promises.

Talabani’s party: The oil and gas law is off the agenda for the current session, despite the government’s promises.

5-1-2025

Al-Maalouma/Baghdad…
A member of the Patriotic Union of Kurdistan (PUK), Burhan Sheikh Raouf, confirmed on Thursday that the oil and gas law will not be passed anytime soon, as the current parliamentary term is approaching its end, despite the urgent need to Read more…

Parliamentary Rights: We will not give up an inch of our land or water for the benefit of Kuwait.

Parliamentary Rights: We will not give up an inch of our land or water for the benefit of Kuwait.

5-1-2025

Al-Maalouma/Baghdad…
Head of the parliamentary Huqooq bloc, Saud Al-Saadi, affirmed on Thursday that no part of Iraqi land or water will be relinquished to Kuwait, stressing that the Khor Abdullah issue represents a “red line.”
Al-Saadi told Al-Maalouma News Agency that “Khor Abdullah is part of Iraqi land and water, and we will not relinquish a single inch Read more…

Al-Fatah demands investigation into “strange” movements of US convoys

Al-Fatah demands investigation into “strange” movements of US convoys

5-1-2025

Al-Maalouma/Exclusive:
On Thursday, the leader of the Fatah Alliance, Uday Abdul Hadi, called for an immediate investigation into the “strange” movements made by US troop convoys in a number of governorates over the past 24 hours.
Abdul Hadi told Al-Maalouma, “Social media platforms and media outlets have published, over the past hours, video clips documenting suspicious movements Read more…

An international classification places the Iraqi banking system in the “high-risk” category, and an expert warns.

An international classification places the Iraqi banking system in the “high-risk” category, and an expert warns.

2025-05-01 01:04

Shafaq News/ The international credit rating agency Standard & Poor’s has classified Iraq’s banking system as “high risk,” a financial expert commented on the matter.

The agency stated in a report seen by Shafaq News Agency that it “takes into account economic risks, the structure, resilience, and stability of the country, actual or potential imbalances in the economy, and credit risks arising from economic Read more…

Parliamentary Finance: The economic situation will be difficult, and spending will be limited to the operating budget.

Parliamentary Finance: The economic situation will be difficult, and spending will be limited to the operating budget.

2025-05-01 05:04

Shafaq News/ Jamal Kocher, a member of the Iraqi Parliament’s Finance Committee, confirmed on Thursday that the country could face a difficult situation if oil prices decline, and that the matter will be limited to securing the operating budget only.

“The Iraqi state’s operating budget amounts to Read more…

The Central Bank issues instructions to sell dollars to Iraqi pilgrims.

The Central Bank issues instructions to sell dollars to Iraqi pilgrims.

2025-05-01 05:43

Shafaq News/ The Central Bank of Iraq issued instructions to sell dollars to Iraqi pilgrims to the Holy House of God, setting the exchange rate at (1320) dinars, and limiting the amount of $2000 only.

A document issued by the Central Bank, signed by the acting deputy governor, Read more…

The National Bank is a gateway for smuggling dollars and starving the Iraqi economy!

The National Bank is a gateway for smuggling dollars and starving the Iraqi economy!

2025-05-01

Political and economic circles in Iraq are witnessing a rising wave of anger following the explosion of the financial corruption file at the National Bank, amid accusations of illegal acquisition of foreign remittances, mismanagement of the dollar, and systematic smuggling of hard currency, which has fueled the economies of neighboring countries, most notably Read more…

Currency Market: The dollar falls again in local markets.

Currency Market: The dollar falls again in local markets.

2025-05-01

The US dollar exchange rate witnessed a decline today, Thursday, in the markets of Baghdad and Erbil, as the dollar price fell on the Al-Kifah and Al-Harithiya stock exchanges to record 144,550 Iraqi dinars for every $100, compared to Read more…

Iraqi Dinar Guru opinions 4-30-2025

Iraqi Dinar Guru opinions 4-30-2025

4-30-2025 Intel Guru Frank26 Article quote: “The Governor of the Central Bank of Iraq told Asharq Al-Awsat: The project to remove zeros from the dinar is ongoing, but it requires withdrawing and replacing 100 trillion dinars from the market, and I do not expect it to be implemented this year.” Whoa dude, thank you! That’s a heck of a statement, self confession…This article is from a year ago. What they were saying a year ago, ‘no we’re not lifting the three zeros right now, we’re going to complete it next year’, that’s right now! On top of that they’re talking about 100 trillion dinars that are still out in circulation? No it’s less than that! This article was sent out by the evil parliament to cause trouble so that the citizens say, ‘oh no they’re not going to lift the 3 zeros. It’s still another whole year!’ This is fantastic…ALAQ ADMITS 3 ZEROS LIFTING FROM THE EXCHANGE RATE! Read more…

Iraq strengthens partnership with US banks to support economic stability and investment.

Iraq strengthens partnership with US banks to support economic stability and investment.

4-30-2025

Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed on Wednesday that linking up with US banks provides financing and credit lines for trade and investment in Iraq. He also explained that direct cooperation with more than one US bank reduces the costs of Read more…

The US is developing an advanced air defense system at Ain al-Assad base.

The US is developing an advanced air defense system at Ain al-Assad base.

4-30-2025

Information/Anbar…
A security source in Anbar province reported Tuesday that the United States has introduced a more advanced air defense system for its forces stationed at the Ain al-Asad base in western Anbar.

The source told Al-Maalouma, “US forces have developed a new air defense system against drones, missiles, and explosive devices to protect the Ain al-Assad air base Read more…

Economist: The future of Al-Faw Port and the nature of its commercial activity are linked to Khor Abdullah.

Economist: The future of Al-Faw Port and the nature of its commercial activity are linked to Khor Abdullah.

4-30-2025

Al-Maalouma/Baghdad…
Economic researcher, Diaa Abdul Karim, believes that the future of the Greater Faw Port and the nature of commercial activities in this port are directly linked to Khor Abdullah.
Abdul Karim told Al-Maalouma, “The Kuwaiti Mubarak Port is a formal port, but Kuwait wants this port to demarcate maritime borders and control Iraqi waters Read more…

Parliament enters a coma after sessions were suspended for unknown reasons.

Parliament enters a coma after sessions were suspended for unknown reasons.

4-30-2025

Al-Maalouma/Baghdad…
The Council of Representatives has entered a state of near-coma in its legislative work, as it has not witnessed the convening of its legislative sessions recently, despite the presence of many representatives, performing their duties, and heading to the legislative hall. However, there are unknown reasons preventing Read more…

Due to the drop in oil prices, the Iraqi government is considering canceling the 2025 budget.

Due to the drop in oil prices, the Iraqi government is considering canceling the 2025 budget.

2025-04-30 03:27

Shafaq News/ An Iraqi cabinet source said on Wednesday that the government is considering canceling the 2025 budget due to the decline in oil prices, which has increased the country’s fiscal deficit .

The source told Shafaq News Agency, “The Council of Ministers did not formally Read more…

An Iraqi man faces prison in the US for allegedly rigging the election against Trump.

An Iraqi man faces prison in the US for allegedly rigging the election against Trump.

2025-04-30 04:57

Shafaq News/ US authorities have charged an Iraqi man named Aqeel Abdul Jameel with illegally voting, a charge punishable by up to one year in prison, after he cast his ballot in the 2020 presidential election despite not holding US citizenship.

“Abdul Jamil, 45, was living in South Glens Falls, New York, when he committed Read more…