Oman expresses its readiness to cooperate with Iraq in the fields of ports and airports.
2025-04-17 06:38
Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani discussed on Thursday with the Omani Minister of Transport, Communications and Information Technology, Said bin Hamoud al-Maawali, developing cooperation in various fields. The latter expressed his country’s readiness to do so, especially in the ports Read more…
Ministry of Oil: New marine pipeline connects 3 strategic export ports
2025-04-17
The Ministry of Oil announced on Wednesday details of the third marine pipeline project, confirming that the project will enhance the export capacity of crude oil from the southern region, with a design capacity of 2 million and 400 thousand barrels per day, by linking three strategic Read more…
Iraqi Dinar Guru opinions 4-16-2025
4-16-2025 Newshound Guru Militia Man They’re waiting for government submission. That’s when showtime happens as far as I’m concerned. The government, to me, will not expose the budget tables without being ready for inter-connectivity to the international financial system. That’s my belief. With all the things that were on the table…oil, non-oil revenues, Iraqi Stock Exchange, international exchange in dinar for cross border payments outside the dollar, it probably won’t happen. I’m not saying it’s not going to happen I’m just saying they got to do this for it to happen…I can clearly see why the budget schedules are apparently…’delayed’. I think it’s not delayed. I think they’re ready to go, have been ready to go…for well over a month or more. They just haven’t exposed that yet. Why? Because of timing and inter-connectivity. Read more…
Economist: Financial debts have caused a liquidity crisis in government banks and the pension fund.
2025/04/16
Economic expert Salah Nouri confirmed on Wednesday the existence of a liquidity crisis at a number of government banks, including Rafidain and Rashd banks, in addition to the Trade Bank of Iraq and the Iraqi Employees’ Retirement Fund. He attributed the reason to the accumulation of internal debts at the Ministry of Finance as a result of its reliance on domestic borrowing Read more…
Al-Sudani announces his candidacy in the upcoming elections.
4-16-2025
Al-Maalouma/Baghdad..
Prime Minister Mohammed Shia al-Sudani announced today, Wednesday, his candidacy in the upcoming legislative elections scheduled for next November.
During his speech at the Ninth Sulaymaniyah Forum, followed by Al-Maalouma Agency, Al-Sudani said, Read more…
A parliamentarian discusses the date of the 2025 budget schedules’ arrival.
4-16-2025
Al-Maalomah/Baghdad..
Member of the Parliamentary Finance Committee, MP Mudhar Al-Karwi, confirmed on Wednesday that the 2025 budget tables will reach the committee within the next two weeks.
Al-Karwi told Al-Maalomah, “The 2025 budget tables have indeed been delayed, and were expected to arrive after the end of the Eid al-Fitr holiday, but Read more…
Al-Hassan: Iraq no longer needs a UN mission, and the next phase requires a new reality.
2025-04-16 02:12
Shafaq News/ The Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed al-Hassan, confirmed on Wednesday that Iraq is witnessing a qualitative shift in its political and security situation, which no longer requires the continued work of the United Nations Mission in Iraq (UNMIS). He called for preserving the gains achieved over the past years and Read more…
Nechirvan Barzani calls on Al-Sudani to activate the Article 140 Committee and thanks him for his efforts regarding Halabja.
2025-04-16 01:27
Shafaq News/ Kurdistan Region President Nechirvan Barzani called on Prime Minister Mohammed Shia al-Sudani on Wednesday to activate Article 140 of the Constitution regarding the disputed areas between Erbil and Baghdad, while praising his role in establishing Read more…
New US escalation: Tariffs of up to 245% on Chinese imports
2025-04-16 04:05
Shafaq News/ The United States announced a new escalation in the ongoing trade dispute with China, imposing tariffs of up to 245% on a wide range of Chinese imports, as part of what Washington describes as confronting “unfair trade practices” by Beijing.
The White House said in an official statement that “China now faces tariffs of up to Read more…
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Al-Sudani’s advisor: Kurdistan’s oil costs are behind the delay in sending budget schedules.
2025-04-16 04:26
Shafaq News/ The financial and economic advisor to the Prime Minister, Mazhar Mohammed Salih, revealed on Wednesday the reasons for the delay in sending the 2025 budget tables to the Council of Representatives until now, stressing that the matter relates to amendments related to Read more…
Relations between Washington, Baghdad, and Erbil are on the agenda of Nechirvan Barzani and a US official.
2025-04-16 06:13
Shafaq News/ Kurdistan Region President Nechirvan Barzani discussed on Wednesday with US Deputy Assistant Secretary of State Victoria Taylor relations between the United States, Iraq, and the Kurdistan Region, in addition to discussing relations between Erbil and Baghdad and the situation Read more…
Parliamentary Finance Committee warns against not adjusting the price of a barrel of oil in the budget
2025-04-16 06:38
Shafaq News/ The Parliamentary Finance Committee warned on Wednesday against adjusting the price of a barrel of oil in the Iraqi federal general budget due to the decline in global oil prices.
Committee member Jamal Kocher told Shafaq News Agency, “The price of a barrel of oil was set in the general budget law at Read more…
Corruption, Mismanagement, Unemployment, and Poverty in Iraq: A Comprehensive Economic Analysis and a Path to Solution
4-16-2025
Researcher Shaza Khalil*
More than two decades after the US invasion in 2003, Iraq continues to face a series of interconnected structural challenges that hinder its economic and social development. These challenges include widespread financial and administrative corruption, chronic mismanagement, high unemployment rates, and increasing Read more…
MP Mukhtar al-Moussawi: More than 50 MPs have been absent since the beginning of the session.
2025-04-16
MP Mukhtar al-Moussawi issued a scathing warning on Tuesday (April 15, 2025) regarding the absence of more than 50 MPs from parliamentary sessions since the start of the current parliamentary session, referring to a phenomenon he described as “exceptional” and unprecedented, even in comparison to Read more…
Iraqi Dinar Guru opinions 4-15-2025
4-15-2025 Intel Guru Frank26 Article Quote: “Adjusting the value of the Iraqi dinar relative to the US dollar remains a plausible option. We are unlikely to see the reserves touched…” This article has four times that they talk about Iraqi dinar going up in value. Read more…
Ports Director: We will adopt modern navigation equipment to operate the Grand Faw Port.
2025-04-15
Director General of Iraqi Ports, Farhan Al-Fartousi, announced on Tuesday that the Grand Faw Port will be operational in the coming period after it has been equipped with modern navigation equipment. Al-Fartousi stated in a press conference that “the technical director of the International Read more…
Banking sector update
04/15/2025
Iraq has recently witnessed significant improvements on the political, economic, and security fronts, which has had a positive impact on attracting foreign and Arab investments, particularly in the banking sector.
The increasing presence of foreign and Arab banks in the country is evidence of a recovering investment environment and reflects government efforts to Read more…
Financial expert: The collapse in oil prices threatens Iraq’s budget and requires diversifying the economy.
4-15-2025
Al-Maalouma/Baghdad..
Financial and banking researcher Mustafa Hantoush confirmed on Tuesday that Iraq has been directly affected by US tariffs, as it has imports estimated at nearly two billion dollars, warning of wider economic repercussions in light of the disruptions Read more…
Washington Times: US government pays $27 million to sexually corrupt children
4-15-2025
Information / Translation..
A report by the Washington Times revealed on Tuesday that the US federal government spent more than $27 million on a nonprofit organization that sent explicit sexual health advice to children via text messages, instructed them on how to use sex toys, and conducted HIV tests on them without notifying Read more…
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Al-Sudani’s advisor: Annual returns from investing reserves are no less than $2 billion.
2025-04-15 03:05
Shafaq News/ The Prime Minister’s advisor for financial affairs, Mazhar Mohammed Salih, confirmed on Tuesday that the “annual returns” from investing foreign reserves are no less than two billion dollars, according to his estimates.
“These investments are often short-term and directed toward US, European, or Read more…
