An advisor to the Prime Minister warns of a potential budget deficit due to the decline in oil prices.
2025/05/29
The Prime Minister’s financial advisor, Mazhar Mohammed Salih, warned on Thursday of a worsening deficit in Iraq’s three-year general budget, attributing this to the widening gap between the approved oil price in the budget ($70 per barrel) and the current low actual prices.
Saleh explained to Al Furat News Agency that “the current Read more…
Iraq has completed 71% of its plan to lift the European ban on the “Green Bird.”
2025-05-29 07:50
Shafaq News/ The Iraqi government announced, on Thursday, the completion of 71% of the corrective plan to lift the European ban on Iraqi Airways.
This came during a meeting chaired by Prime Minister Mohammed Shia al-Sudani with representatives of the International Air Transport Association (IATA) to follow up on procedures Read more…
US Secretary of State receives Republican request for immediate sanctions on Iraq
2025-05-29
Shafaq News/ Two Republican members of the US House of Representatives called for immediate sanctions on Iraq, accusing the Baghdad government of “completely submitting to Iranian influence” and turning the country into “a puppet in Tehran’s hands.”
In a letter addressed to US Secretary of State Marco Rubio, Representatives Read more…
Rubio: The Kurdistan Region will remain a key factor in strengthening relations with Iraq.
2025-05-29 00:42
Shafaq News/ Secretary of State Marco Rubio affirmed on Thursday that the Kurdistan Region will remain a key factor in strengthening relations with Iraq.
A statement by the US State Department, seen by Shafaq News Agency, stated that Rubio had a phone call on Wednesday evening with Kurdistan Region President Read more…
Grok integrates Shafaq News Agency content into its system and adopts it as a reliable source for news verification.
2025-05-29 02:30
Shafaq News/ xAI, the developer of the advanced artificial intelligence system “Grok,” has adopted Shafaq News Agency as a reliable and primary source for its news verification and analysis process, in a move aimed at enhancing the accuracy of information provided to users Read more…
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A parliamentarian, after meeting with Taif Sami, said: Iraq is facing a real financial crisis with an unprecedented deficit.
2025-05-29 04:08
Shafaq News/ Member of Parliament Raed al-Maliki stated on Thursday that Iraq is facing a “real” financial crisis and an “unprecedented” deficit, with debt rising to more than $130 billion.
Maliki said in a statement following his meeting with Finance Minister Taif Sami that the latter “does not intend to submit budget schedules and has not prepared them at all, due to the Central Bank governor’s refusal Read more…
Iraqi Dinar Guru opinions 5-28-2025
5-28-2025 Intel Guru Frank26 Community Comment about Forex Summary: “This is 100% confirmed that the Iraqi dinar is on Forex.” No it’s not. Community Comment: “This is now considered a managed float.” No. No. No…Forex and the Iraqi dinar is good news but it’s not what they’re saying on the internet…This is all part of the White Paper Plan…This is the Asraflk education telling the Iraqi citizens…The horses are now in the gate and they are ready to go active…international…They are talking about the Iraqi dinar being ‘paired’ with the United States dollar, not pegged…$4.81 that is a goal but they are not there yet…The Iraqi dinar are being put in position to go live international trading as soon as they pull the trigger…This could take weeks…months…years…but I don’t think it’s gonna. Read more…
Iraq is on the threshold of a new economic phase.
05/28/2025
The UK-based Global Development Studies Center confirmed that Iraq is on track to improve its credit rating, noting that the government succeeded in attracting foreign investment exceeding $87 billion in 2024.
Dr. Sadiq Al-Rikabi, head of the Global Center for Development Studies, Read more…
Iranian Trade: Our Electricity Is a “Strategic Mission,” Otherwise We Will Lose Iraq “to Saudi Arabia”
2025-05-28 | 05:53
Considered Energy Committee In the Iranian Chambers of Commerce, today, Wednesday, that Iran Generate electricity itself and supply it to Iraq so that it does not become a problem Saudi Arabia Iran’s place, considering that the presence of Iranian electricity in Iraq “Strategic mission.”
The president said Energy Committee Read more…
Al-Dulaimi: International documents prove that Khor Abdullah belongs to Iraq.
5-28-2025
Al-Maalouma/Anbar…
A leader in the United Anbar Alliance, Mohammed al-Dulaimi, revealed on Wednesday that there are active parliamentary movements aimed at exposing Kuwaiti ambitions in Khor Abdullah, revealing the parties that signed the agreement to “sell” the waterway, and presenting evidence to the judiciary.
Al-Dulaimi said in a statement Read more…
Central Bank Governor: Iraq is committed to combating money laundering at the international level.
2025-05-28 00:41
Shafaq News/ The Governor of the Central Bank of Iraq, Ali Al-Alaq, affirmed on Wednesday Iraq’s commitment to combating money laundering and terrorist financing in cooperation with international partners.
In a speech delivered at a conference held in Baghdad on combating money laundering and terrorist financing, Al-Alaq said, “We in Iraq are cooperating effectively with our international partners, particularly Read more…
Conditional on the success of the negotiations, Tehran may allow “US inspections” of its nuclear sites.
2025-05-28 00:58
Shafaq News/ The head of the Atomic Energy Organization of Iran, Mohammad Eslami, confirmed on Wednesday that Iran may open the doors of its nuclear facilities to American inspectors working within the International Atomic Energy Agency (IAEA) mission, if the ongoing negotiations Read more…
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A government advisor responds to Parliament: There is no financial crisis in Iraq, and hedging is a necessity.
2025-05-28 01:30
Shafaq News/ The advisor to the Iraqi Prime Minister, Mazhar Mohammed Salih, confirmed on Wednesday that talk of a financial crisis in the country is nothing more than “mere rumors,” stressing the need for “cautionary” economic policies in light of the current international circumstances.
Saleh told Shafaq News Agency, “The country Read more…
Central Bank: Iraq’s dollar cash distribution system is the best among countries in the world.
2025-05-28 02:07
Shafaq News/ On Wednesday, the Governor of the Central Bank, Ali Al-Alaq, described the cash distribution system for the dollar in Iraq as “the best among countries in the world.”
In a speech at a conference held in Baghdad on combating money laundering and terrorist financing, Al-Alaq said, “We have many important achievements Read more…
A new “digital alliance”: Iraq and SpaceX at the table for technological cooperation
2025-05-28 05:54
Shafaq News/ Prime Minister Mohammed Shia al-Sudani discussed technological cooperation between Baghdad and Washington on Wednesday during his reception of a delegation from the American SpaceX (Starlink) company.
The Prime Minister’s Office stated Read more…
The Kurdistan Regional Government appreciates the United States’ position and commends its support for the region’s constitutional system.
2025-05-28 05:52
Shafaq News/ The Kurdistan Regional Government’s Council of Ministers held a meeting on Wednesday, chaired by Prime Minister Masrour Barzani, to present the results of the official visit of a high-level delegation from the regional government to Washington, D.C., last week.
At the beginning of the meeting, the Prime Minister highlighted Read more…
The Silent Landing… The Hidden Factors That Led to the Dollar’s Fall in Baghdad
2025-05-28
May 2025 witnessed one of the most exceptional periods of volatility in the US dollar exchange rate against the Iraqi dinar. The dollar’s value declined gradually and dramatically, sparking a wave of questions in the market and prompting experts to deconstruct the reasons Read more…
Iraqi Dinar Guru opinions 5-27-2025
5-27-2025 Intel Guru Frank26 Article quote: “exchange shops in the local market in Baghdad to record to 139750 dinars for $100.” Oh my goodness! …What was it before? 114750…Do you understand the seriousness of what’s going on with this monetary reform? This stuff is off the hook…You know how close we are to getting to 1 to 1? Read more…
Iraq is approaching financial collapse, with accusations directed at the Finance Ministry and the Central Bank.
2025-05-27 07:49
Shafaq News/ The Parliamentary Finance Committee warned that a real financial crisis is looming in Iraq in the future, amid declining oil prices and the absence of preventative and precautionary measures capable of averting an economic crisis. The committee stressed that financial and economic indicators point to Read more…
From buying land and cars to prison… the end of Iraq’s “counterfeit currency expert”
2025/05/27
The Supreme Judicial Council revealed the arrest of a counterfeit currency dealer who had been circulating since 2019 and had amassed a vast fortune.
Al-Qadaa newspaper said in its issue today, followed by {Euphrates News}: “Information was received by the Baghdad Organized Crime Directorate / Investigation Department about the presence of a group of people in one of the Baghdad areas who are trading in counterfeit Read more…
