Baghdad hosts the Union of Arab Banks conference

Baghdad hosts the Union of Arab Banks conference

2025-04-28 04:36

Shafaq News/ The head of the Iraqi Private Banks Association, Wadih Al-Handhal, announced on Monday that the Union of Arab Banks will hold its next conference in the capital, Baghdad, under the patronage of Iraqi Prime Minister Mohammed Shia Al-Sudani, and in cooperation with the Central Bank and Read more…

Putin declares Victory Day truce with Ukraine, calls for peace negotiations

Putin declares Victory Day truce with Ukraine, calls for peace negotiations

2025-04-28 04:52

Shafaq News/ Russian President Vladimir Putin issued directives on Monday to cease fire and suspend all military operations during the 80th anniversary of the Victory Day celebrations, for humanitarian reasons.

An official statement issued by the Kremlin, Read more…

Iraqi Dinar Guru opinions 4-27-2025

Iraqi Dinar Guru opinions 4-27-2025

4-27-2025 Newshound Guru Clare Article: “High-Level Iraqi Delegation Holds Talks with the World Bank and IMF in Washington” Quote: “According to a statement from the Ministry of Finance…Finance Minister Taif Sami Muhammad, Central Bank Governor Ali Al-Alaq, and their accompanying delegation participated in the annual Spring Meetings of the World Bank Group and the IMF held in the U.S. capital…The Minister and the Central Bank Governor further participated in the ministerial meeting chaired by IMF Managing Director Kristalina Georgieva, attended by finance ministers and central bank governors of IMF member states.” Read more…

Iraq agrees to open another bank in the US to establish relations with its banks in transfer operations.

Iraq agrees to open another bank in the US to establish relations with its banks in transfer operations.

4-27-2025

The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed an agreement to establish another bank in the United States to establish relationships with Iraqi banks for money transfer operations.

The Governor of the Central Bank of Iraq said in an interview Read more…

The rise in the value of the national currency has local and international causes.

The rise in the value of the national currency has local and international causes.

04/27/2025

The Iraqi dinar’s exchange rate against the US dollar has witnessed a significant improvement over the current period, supported by a number of internal and external factors. Most notably, the country’s large financial reserves, the prudent monetary policies pursued by the Central Bank of Iraq, and signs of a thaw in US- Read more…

An expert calls on the government to diversify funding sources and establish a sovereign fund.

An expert calls on the government to diversify funding sources and establish a sovereign fund.

2025/04/27

Economic expert Rashid Al Saadi called on the government, on Sunday, to seriously consider finding non-oil financial resources to support the general budget, stressing the importance of establishing a sovereign fund aimed at supporting future generations.
Al-Saadi confirmed in a statement to Read more…

“The End of al-Julani”: The Fall of the Agent of Suspicious Projects and ISIS’s Free Hand in Iraq

“The End of al-Julani”: The Fall of the Agent of Suspicious Projects and ISIS’s Free Hand in Iraq

4-27-2025

Information / Special..
Amid the chaos raging in Syria, the shocking truth is revealed: Abu Muhammad al-Jolani, who was created as the “man of the moment,” is today turning into a heavy burden that must be eliminated at all costs.
Al-Jolani’s project—secretly supported and politically covered up—is eroding before everyone’s eyes. Read more…

Epicor announces failure to reach an agreement with Erbil and Baghdad to resume Kurdistan oil exports.

Epicor announces failure to reach an agreement with Erbil and Baghdad to resume Kurdistan oil exports.

2025-04-27 00:43

Shafaq News/ The Kurdistan Regional Government’s (KRG) Oil Corporation (EPICOR) confirmed on Sunday that no agreement had been reached with the regional government and Baghdad regarding the re-export of oil through the Ceyhan pipeline, while explaining the legal problems facing Read more…

US: Trade with the Kurdistan Region continues to expand, especially in the energy sector.

US: Trade with the Kurdistan Region continues to expand, especially in the energy sector.

2025-04-27 02:22

Shafaq News/ The US Consul General in Erbil, Steve Bittner, stated on Sunday that the trade partnership between the United States and the Kurdistan Region continues to expand, especially in the energy sector.

In a speech delivered during the contract signing ceremony between Read more…

The Parliamentary Finance Committee rules out the government’s submission of the budget and identifies three reasons.

The Parliamentary Finance Committee rules out the government’s submission of the budget and identifies three reasons.

2025-04-27 03:04

Shafaq News/ The Iraqi parliament’s Finance Committee ruled out on Sunday the Iraqi government’s submission of the 2025 budget schedules to parliament for approval, citing three main reasons for this.

Committee member Jamal Kocher told Shafaq News Agency, “The House of Representatives has the ability to Read more…

Central Bank of Iraq and Securities

Central Bank of Iraq and Securities

2-27-2025

The number of banknotes issued by the Central Bank during January 2025 amounted to 6 billion banknotes, with a value of 100.3 trillion Iraqi dinars, an increase of 4.7% compared to January 2022, when the number of banknotes issued amounted to Read more…

The Prime Minister directs government institutions to transition to a digital system within six months.

The Prime Minister directs government institutions to transition to a digital system within six months.

2025-04-27

Prime Minister Mohammed Shia al-Sudani has directed the digitization of several government institutions within six months, as part of Iraq’s efforts to digitalize and eliminate administrative red tape and paperwork. Adnan al-Arabi, Deputy Head of the Government Communications Team, stated that Prime Minister Mohammed Shia al-Sudani directed the importance of automating the Federation of Read more…

Iraqi Dinar Guru opinions 4-26-2025

Iraqi Dinar Guru opinions 4-26-2025

4-26-2025 Newshound Guru Militia Man It’s quite clear Iraq is going international. Once there’s a free flow of capital into the country this whole development road project is going to be fully underway. I think that’s why you see so many countries still knocking on the door…We can tell by looking at the data Iraq is set for internationalism… Read more…

Recent US moves and the fate of the withdrawal from Iraq: a violation of sovereignty or a repositioning?

Recent US moves and the fate of the withdrawal from Iraq: a violation of sovereignty or a repositioning?

4-26-2025

Information/Report…
The agreement for the withdrawal of foreign forces, led by US forces, from Iraqi territory faces real challenges in terms of implementation, amid growing public and political anxiety due to the ambiguity and laxity in Read more…

Iraq: World Bank can support renewable energy, waste management, and metro projects

Iraq: World Bank can support renewable energy, waste management, and metro projects

2025-04-26 00:18

Shafaq News/ The Ministry of Finance reported on Saturday that an official delegation from the Iraqi government discussed global economic challenges, economic development, financial stability, and other related issues with the World Bank Group and the International Monetary Fund.

According to a statement issued by the ministry, Read more…

Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.

Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.

2025-04-26 00:02

Shafaq News/ Fitch Ratings confirmed on Saturday that the Iraqi banking sector is not affected by the decline in oil prices due to its lower credit rating.

The agency said in a report seen by Shafaq News Agency that “the indirect effects resulting from the decline in oil prices and weak global growth may lead to a decline in government spending, severely impacting banking Read more…

Rubio: An Iraq free of “malign influence” is vital to regional stability

Rubio: An Iraq free of “malign influence” is vital to regional stability

2025-04-26 01:19

Shafaq News/ US Secretary of State Marco Rubio reiterated on Saturday his country’s support for Iraq’s sovereignty, which preserves stability in the Middle East.

“A strong, stable, and sovereign Iraq, free from malign influence, is vital Read more…

The death toll from the explosion at Iran’s Rajaee Port rises to 516.

The death toll from the explosion at Iran’s Rajaee Port rises to 516.

2025-04-26 04:00

Shafaq News/ The death toll from the explosion at Rajaee Port in Bandar Abbas, southern Iran, has risen to 516, according to Iranian media reports.

For its part, Iranian television reported, in a report seen by Shafaq News Agency, that explosions continued at Shahid Rajaee Port, confirming Read more…

The dinar is recovering and the dollar is declining. A government advisor reveals the reasons.

The dinar is recovering and the dollar is declining. A government advisor reveals the reasons.

2025-04-26 04:37

Shafaq News/ The Iraqi Prime Minister’s financial advisor, Mazhar Mohammed Salih, attributed the local currency’s recovery against the US dollar to several factors, including the use of electronic payment cards and foreign trade financing, on Saturday.

Saleh told Shafaq News Agency, “Any true economic system is governed by Read more…

Al-Sudani: All power plants will operate on Iraqi gas by the end of 2027.

Al-Sudani: All power plants will operate on Iraqi gas by the end of 2027.

2025-04-26 04:51

Shafaq News/ Prime Minister Mohammed Shia al-Sudani stated on Saturday that all power plants will operate on Iraqi gas by the end of 2027.

In a speech delivered today at a tribal conference, Al-Sudani said, “There is a sense of satisfaction with the government’s work, which has prioritized citizens Read more…