Economist: Trump’s tariffs will end the dominance of substandard goods in Iraq.
5-27-2025
Al-Maalouma/Baghdad..
Economic expert Diaa Al-Mohsen confirmed on Tuesday that the customs duties imposed by former US President Donald Trump on imports from some countries, particularly European and Chinese, would push international companies to seek alternative markets to the US market, indicating that Iraq could be one of the potential destinations Read more…
Iraq to be OAPEC’s second-largest oil exporter by 2025
2025-05-27 02:19
Shafaq News/ The Organization of Arab Petroleum Exporting Countries (OAPEC) announced on Tuesday that Iraq ranked second among the largest crude oil exporters among member states during the first quarter of 2025.
According to a report reviewed Read more…
Erbil-Washington agreements revive hopes for reviving the Iraq-Turkey oil pipeline.
2025-05-27 02:11
Shafaq News/ Following the energy agreements concluded by the Kurdistan Regional Government with American companies, attention is turning to the tense relationship between Erbil and Baghdad. A breakthrough between the two could accelerate the resumption of the Iraq-Turkey pipeline, which has been halted for years, amid Read more…
The Parliamentary Finance Committee explains the reasons for the decline in the dollar price: It is not due to government measures.
2025-05-27 03:54
Shafaq News/ Member of the Parliamentary Finance Committee, Jamal Kocher, considered on Tuesday that talk about measures taken by the government that contributed to the decline in the dollar exchange rate against the Iraqi dinar is “incorrect.”
“There are many reasons for this decline,” Kocher told Read more…
$90 billion in the shadows: Iraq searches for a map of its forgotten treasure
2025-05-27 04:45
Shafaq News/ From Mogadishu to Madrid, from tea plantations in Vietnam to Mediterranean palaces in Cannes, France, the specter of lost Iraqi property, estimated to be worth at least $90 billion, lingers. But this wealth, once a tool of influence and investment, is now a forgotten treasure tucked away in unarchived Read more…
Iraqi Dinar Guru opinions 5-26-2025
5-26-2025 Intel Guru Frank26 What was the exchange rate in 1980? In 1971 and 1973 of the Iraq dinar rose to $3.3778. Shortly after that there was a 5% devaluation that reduced it to $3.2169…They’re talking about a rate that is a reinstatement rate…Logic says it should be $3.20 something IMO. Read more…
Al-Sudani approves recommendations to re-evaluate the boards of directors of state-owned banks.
5-26-2025
Al-Maalouma/Baghdad..
A higher committee approved, on Monday, government recommendations regarding the re-evaluation and formation of the boards of directors of government banks.
The Prime Minister’s Office stated in a statement received by Al-Maalouma Agency that “Al-Sudani chaired a meeting of the higher committee responsible for re-evaluation and formation of Read more…
Diyala: Six major Sunni tribes pull the rug out from under the Halbousi and Al-Khanjar alliances
5-26-2025
Al-Maalouma/Diyala..
Informed sources revealed on Monday that six of the largest Sunni tribes in Diyala have put the Halbousi and Khanjar alliances in an embarrassing position, after the rug was pulled from them in determining the identity of candidates for the upcoming elections.
The sources told Al-Maalouma, “Six major Sunni tribes in Diyala have decided, Read more…
The Sudanese Ministry of Finance directs the Ministry of Finance to prepare budget tables for approval, amounting to 140 trillion dinars.
2025-05-26 03:15
Shafaq News/ The Finance Committee of the Iraqi Parliament revealed on Monday that Prime Minister Mohammed Shia al-Sudani directed the Ministry of Finance to prepare budget tables in preparation for its approval.
Committee member Moeen Al-Kadhimi told Shafaq News Agency, “Last week, Al-Sudani directed the Ministry of Finance to prepare the 2025 budget schedules in Read more…
Iraq and internal debt
5-26-2025
We often hear people say, “The domestic debt is not dangerous, because it’s denominated in dinars, not dollars, and it won’t affect foreign currency reserves.” But those who say this either don’t follow the Iraqi economy closely, or are trying to reassure people with statements that are far removed from reality.
When the state borrows from local banks to cover its deficit, it is effectively Read more…
Iraqi Dinar Guru opinions 5-25-2025
5-25-2025 Newshound Militia Man 2023 Article quote: “…Because the project to delete the zeros still exists [Alaq] says when this is done correctly we can expect Iraq to become a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980.” That’s the expectation of this – before 1980. That’s coming from the Central Bank of Iraq. Read more…
Al-Sudani confirms the provision of everything necessary to expand the investment environment in Iraq.
5-25-2025
Baghdad – Mail
Prime Minister Mohammed Shia al-Sudani sponsored the signing of a memorandum of understanding on Sunday to develop part of the Al-Rufayl Economic City in Baghdad, affirming the state’s support for investment projects and providing everything necessary to expand the investment Read more…
Al-Sudani meets with a US Senate delegation and stresses the importance of developing bilateral relations.
2025/05/25
Prime Minister Mohammed Shia al-Sudani received US Senators Angus King and James Lankford and their accompanying delegation Saturday.
Al-Sudani stressed, according to a statement from his media office, Read more…
The Ministry of Foreign Affairs regrets Iraq’s “high-risk” classification: negative impact on investment and tourism.
2025/05/25
The Ministry of Foreign Affairs expressed its regret on Sunday over the continued classification of Iraq by a number of Western countries as a “high-risk” country in travel advisories issued to their citizens. The Ministry stressed that this classification negatively impacts foreign companies’ access to the Iraqi market and hinders Read more…
The Central Bank launches the first national strategy for financial inclusion.
2025-05-25 | 09:59
The Central Bank announced today, Sunday, the launch of the first national strategy for financial inclusion.
The Central Bank said in a statement Read more…
On the rescue table… Al-Zayadi: The budget schedules will be voted on soon.
5-25-2025
Information/Exclusive:
State of Law Coalition member Mohammed al-Ziyadi confirmed on Sunday that the House of Representatives is moving toward voting on the three-year budget agenda within the next few days. This step, he described as “necessary” given its direct connection to the current fiscal year and its impact Read more…
Al-Salami: The government must take urgent action regarding the oil agreements between the region and Washington.
5-25-2025
Al-Maalouma/Exclusive:
MP Haider Al-Salami called on the federal government on Sunday to take urgent action regarding the agreements concluded by the Kurdistan Regional Government (KRG) with American companies related to the investment of natural resources.
Al-Salami told Al-Maalouma that “Iraq’s natural resources represent a right for all Read more…
Framework bloc: There is no veto on a second term for Al-Sudani, and this is the mechanism for granting it.
2025-05-25 01:46
Shafaq News/ The Fatah Alliance, led by Hadi al-Amiri, confirmed on Sunday that the Coordination Framework forces would not impose a veto on the second term of current Prime Minister Mohammed Shia al-Sudani, while explaining the mechanism that could resolve this matter.
“The talk about a veto by some forces within the Coordination Framework on the renewal of the second term Read more…
By 2025, the Iraqi citizen’s share of GDP will exceed $5,000.
2025-05-25 04:01
Shafaq News/ Iraq ranked ninth in the Arab world in terms of per capita GDP in 2025, according to the Country Cassette website, which collects international data and statistics.
The website stated, in a report reviewed by Shafaq News Agency, that “per capita GDP, which measures the economic output of a country’s individual, is a key Read more…
Iraqi Oil: Gas investment has reached 70% and will increase next year.
2025-05-25 04:47
Shafaq News/ Abdul-Baqi Khalaf, an advisor to the Iraqi Ministry of Oil, confirmed on Sunday that Iraq is investing approximately 70% of its associated gas, noting that this percentage will increase next year.
Khalaf told Shafaq News Agency, “Iraq invests 70% of its associated gas, but it needs Read more…
