Iraq achieves “historic achievement” in olive oil production
2025-03-09 00:20
Shafaq News/ The Iraqi Ministry of Agriculture announced, on Sunday, that it has achieved an increase in olive oil production rates during the year 2025.
The ministry said in a statement today that it “was able to obtain high oil percentages of 18% from different olive varieties such as: “Bakwal”, “Giraffa” and “Saint Catherine”, which is considered a historic achievement Read more…
$100 billion annually.. Iraq’s spending exceeds the 3 most powerful economies in the world
2025-03-09 01:33
Shafaq News/ The head of the Iraq Future Foundation, Manar Al-Obaidi, revealed on Sunday the rate of Iraq’s revenues and spending during the last ten years. While he indicated that the country spends $100 billion annually, which is higher than the annual spending of three countries with strong economies, he pointed out Read more…
After suspending its sessions, the Iraqi parliament moved to dissolve it and hold early elections
2025-03-09 04:43
Shafaq News/ Independent MP Hussein Al-Saabari revealed on Sunday that there is a tendency to dissolve the Iraqi parliament and hold early elections, if its sessions continue to be disrupted.
Al-Saabari told Shafaq News Agency, ” The lack of a legal quorum for the convening of the House of Representatives sessions caused us a problem and embarrassment, Read more…
Parliamentary Electricity: Stopping Iranian gas will cause Iraq to lose 8,000 megawatts
2025-03-09 06:56
Shafaq News/ The Deputy Chairman of the Electricity Committee in the Iraqi Parliament, Walid Al-Sahlani, confirmed on Sunday that the interruption of Iranian gas will cause the loss of 8,000 megawatts from the country’s electricity system.
Al-Sahlani told Shafaq News Agency, ” Iraq needs 1,800 cubic meters of Iranian gas, and the interruption of this amount Read more…
Prime Minister’s Advisor: Investment Boosts Economic Growth, Keeps Iraq Away from Oil Price Fluctuations
2025-03-09
The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Salih, stated today, Sunday, that foreign investment constitutes an important step towards enhancing economic growth in Iraq, and isolates the country from the fluctuations of oil asset cycles and the problems of oil price fluctuations, explaining that linking Read more…
General Authority of Customs: 93% of the first phase of the automation project has been completed
2025-03-09
The General Authority of Customs stated today, Sunday, that 93% of the first phase of the automation project has been completed, and indicated that the second phase is expected to be completed in mid-2026, stressing that the electronic Skoda system will enhance transparency and reduce corruption in customs work. The Director of the Customs Automation and Modernization Project Read more…
Iraqi Dinar Guru opinions 3-8-2025
3-8-2025 Intel Guru Bruce [via WiserNow] …three very good sources…over the last couple of days were saying that we would be exchanging no later than Saturday…Now that is possible…the latest thing we got this afternoon were from redemption center leaders and one of whom is over three redemption centers – the other one is over six, seven redemption centers…they’re good sources. Well, these two leaders are saying we’re going to get notifications over the weekend and start exchanges early next week, which would be Monday or Tuesday…So there appears to be a couple of things that might be slight hold ups. Read more…
Iraq extradites suspects in ‘theft of the century’ from Kuwait
2025-03-08 05:22
Shafaq News/ The Iraqi Integrity Commission announced on Saturday the extradition of two of the accused in the case of stealing tax deposits, known in the media as the “theft of the century”, from the authorities in the State of Kuwait.
The Authority stated in a statement today that it was able to recover the managing director Read more…
Iraq budget data: Expenditure jumps, revenues decline, deficit increases
2025/03/08
Financial data showed that Iraq’s total revenues for the period until the end of November 2024 amounted to 135.3 trillion dinars, compared to expenditures of 136.4 trillion dinars, recording a financial deficit of 1.1 trillion dinars.
Comparing the figures with the same period in 2023, oil revenues increased Read more…
Central Bank: Comprehensive digital transformation in the financial sector is coming soon
2025-03-08
The Governor of the Central Bank of Iraq, Ali Al-Alaq, stated today, Saturday, that Iraqi banks are close to transforming into smart platforms using artificial intelligence, noting that Iraq will witness a comprehensive digital transformation in Read more…
Government spokesman: Iraq has not been informed of the end of exemptions on Iranian gas
2025-03-08
Iraqi government spokesman Bassem al-Awadi confirmed on Saturday that Iraq has not been officially notified of the end of exemptions on imported Iranian gas, noting that the government has developed multiple scenarios to confront any developments related to the import of Iranian gas. Al-Awadi explained that the relationship between Iraq and the United States is currently “calm”, and that the communication Read more…
Iraqi Dinar Guru opinions 3-7-2025
3-7-2025 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television saying the United States of America is totally supervising all financial transactions. Your US Treasury is supervising all financial transactions in Iraq and the US Treasury is aware of all the money and where it goes in Iraq… FRANK: That is the beauty of your security and stability where it’s at right now. It is so powerful. In my strong opinion they are aware of the new exchange rate. If not, they would not be this heavily involved right now… Read more…
Government Advisor: Only 83% of annual spending ceiling is spent, budget schedules before parliament soon
2025/03/07
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the hypothesis of a partial deficit in the annual budget will depend on the efficiency of implementing operational and investment expenses.
Saleh told Al Furat News Agency that “historical data shows that spending efficiency Read more…
Parliamentarian: The budget tables have not reached the Finance Committee yet
3-7-2025
Information / Baghdad..
Member of the Parliamentary Finance Committee, Yahya Al-Muhammadi, said today, Friday, that it was necessary to vote on the budget schedules for the year 2025 before the end of the fiscal year so that the ministries and governorates would have the full opportunity to Read more…
US Treasury Secretary: If I were Iranian, I would convert my money to a currency other than the Toman
2025-03-07
Shafaq News/ US Treasury Secretary Scott Besant vowed on Thursday to close the international financial system to Iran, saying, “If economic security is national security, the Iranian regime will not have both.”
The United States will target “regional parties” that facilitate the transfer of revenues Read more…
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In conjunction with American pressures.. a final warning to the Ukrainian company developing the Iraqi “Akkas” gas field
2025-03-07 02:13
Shafaq News/ The Parliamentary Oil and Gas Committee revealed, on Friday, that there is a delay in the work of the Ukrainian company operating the Akkas gas field, suggesting that the Iraqi government may issue a final warning to withdraw work from it .
The committee’s spokesman, Ali Shaddad, said in a statement Read more…
The Central Bank cancels the license of Al-Tufan Exchange and Financial Brokerage Company
2025-03-07
The Central Bank of Iraq decided to cancel the license of Al-Tufan Exchange and Brokerage Company due to what it described as violations of Regulations No. (1) of 2022, which regulate the work of exchange and financial brokerage companies in Iraq. According to the document issued by the Central Bank, Read more…
Trump reveals the content of a letter he sent to Mr. Khamenei today
2025-03-07
US President Donald Trump said he sent a letter to Iranian Supreme Leader Ali Khamenei expressing his desire to negotiate over Iran’s nuclear file. The US president said he wants to negotiate over the nuclear weapons program with Iran and sent a letter to Tehran yesterday, Thursday, saying he hopes Read more…
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Iraqi Dinar Guru opinions 3-6-2025
3-6-2025 Newshound Guru Militia Man The Development Road project has global support and that is clear as day to me. What we see today, Iraq is ready for their revaluation of their currency. Why…? Inflation levels – low. Interest rates high globally, which is good, key. Economic performance of their GDP, which they’re going to grow, which is huge. Foreign investment and government policies in place for investors. And overall market sentiment. A countries currency is revalued when its economic strength is perceived right. Read more…
Iraqi Airways Close to Lifting EU Ban in 2025
3-6-2025
Information/Baghdad …
The Ministry of Transport announced, today, Thursday, the continuation of implementing the requirements of the International Air Transport Association (IATA) as part of its efforts to lift the European ban imposed on Iraq.
The Ministry’s media office stated in a statement received by /Al-Maalouma/ agency, that “Iraqi Airways is working to obtain the (IOSA) program during 2025, Read more…
