MP: Iraq possesses huge resources sufficient for expenses and salaries without the need for borrowing
11-1-2026
Information/Special…
Member of Parliament Abdul Hamza Munim affirmed on Sunday that Iraq possesses enormous wealth and economic resources capable of covering the majority of operational and investment expenditures and securing the salaries of state employees, stressing that there is no justification for resorting to financial borrowing. Read more…
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Al-Zubaidi: All the Central Bank’s measures to control the dollar exchange rate have failed.
11-1-2026
Information/Special…
Salam al-Zubaidi, spokesperson for the Victory Coalition, confirmed on Sunday that it is difficult for the Central Bank and the government to control the discrepancies between the official exchange rate and the black market rate. He indicated that all statements made are merely pronouncements, and what will prevent this manipulation is strong and deterrent measures. Read more…
Joint oil pipeline: Saudi Arabia agrees “in principle,” Iraq “pays”
2026-11-01
Shafaq News – Baghdad
Informed sources revealed on Saturday that Saudi Arabia has given “initial approval” to restore the joint oil export pipeline with Iraq, but this requires the construction of a new pipeline and Iraq will bear part of the cost after the previous pipeline went out of service. Read more…
Trump: There is a possibility of carrying out a swift military action against Iran.
2026-11-01
Shafaq News – Washington
US President Donald Trump hinted on Sunday at the possibility of a swift military strike against Iran targeting its remaining nuclear sites, arguing that Tehran’s military capabilities have become very weak.
Trump said in press statements that the “Axe Mountain” site, which contains nuclear facilities in Iran, must be dealt with, while at the same time refusing to Read more…
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Despite its increased oil imports, the US has stopped buying Iraqi crude for the fifth week.
2026-11-01
Shafaq News – Washington / Baghdad
U.S. imports of Iraqi crude oil were zero for the fifth consecutive week last week.
Data from the U.S. Energy Information Administration, reviewed by Shafaq News Agency, showed that the average U.S. imports of crude oil Read more…
Trump turns on his Iraqi lawyer over $50 million
2026-11-01
Shafaq News – Follow-up
US President Donald Trump criticized his former advisor, Iraqi-born lawyer Alina Habba Meldon, for securing a $50 million contract with a company linked to the family of a Venezuelan banker, describing the move as “provocative and unacceptable,” despite his previous repeated praise of her. Read more…
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The Ministry of Media and Communications is in negotiations with Apple to launch Apple Pay in Iraq.
2026-11-01
Shafaq News – Erbil
The head of the executive body of the Media and Communications Commission, Baligh Abu Kalal, revealed that official negotiations and discussions are underway with the global company “Apple” to launch the “Apple Pay” electronic payment service and regulate the privacy policy within the Iraqi market. Read more…
Al-Rafidain Bank grants genuine retirees loans of up to 10 million dinars, excluding heirs.
2026-11-01
Shafaq News – Baghdad
An informed source revealed on Sunday that the financial loans provided by Al-Rafidain Bank, amounting to 5 and 10 million dinars, are available to genuine retirees who are no more than 75 years old.
The source explained to Shafaq News Agency that the loans are limited to original retirees and do not include heirs, indicating that the interest rate is 6%, Read more…
Anticipated changes in Iraq include pensions, border crossings, banks, and financial positions.
2026-11-01
Shafaq News – Baghdad
An informed government source revealed on Sunday that there is a move to make administrative changes that include a number of government bodies and institutions, most notably the directorates of retirement and border crossings, as well as government banks, financial departments and institutions, and positions in the ministry. Read more…
The Central Bank denies to Shafaq News raising the dollar quota for travelers to $3,500.
2026-11-01
Shafaq News – Baghdad
The Central Bank of Iraq denied on Sunday the news circulating about raising the ceiling for selling dollars to travelers to $3,500, instead of $2,000.
The Central Bank’s media director, Haider Ghazi, told Shafaq News Agency that what some social media pages have circulated regarding a document about increasing the dollar quota allocated to travelers to $3,500 is fake, stressing Read more…
The meeting of the coordination framework will address al-Zaydi’s regional tour and the arms control issue tomorrow, Monday.
2026-11-01
Shafaq News – Baghdad
The Coordination Framework, which includes the ruling Shiite political forces in Iraq, is scheduled to hold its periodic meeting tomorrow, Monday, to discuss a number of important issues with Prime Minister Ali al-Zubaidi.
A source within the framework told Shafaq News Agency that “the leaders of the Coordination Framework will hold their periodic meeting tomorrow, Read more…
Kurdistan Region requests Baghdad to approve 4 new border crossings
2026-11-01
Shafaq News – Baghdad
On Sunday, MP Ikhlas al-Dulaimi, from the Kurdistan Democratic Party bloc, revealed the existence of three types of border crossings in the Kurdistan Region, stressing that the issue is raised during negotiations and meetings between representatives of the regional government and the federal government.
Al-Dulaimi told Shafaq News Agency that “the first type consists of the officially registered and recognized outlets Read more…
The Judicial Council recovers 21 billion from a financial fraud crime.
11-1-2026
The Second Karkh Investigation Court recovered on Sunday an amount of 21 billion and 424 million Iraqi dinars for a financial fraud crime. The Judicial Council stated in a statement that “the amount was recovered from two companies that violated the law to obtain the difference in the dollar exchange rate through fraudulent money transfer operations outside the country.”
It is worth mentioning that Read more…
Iraqi Dinar Guru opinions 10-31-2026
10-31-2026 Newshound Guru Jeff Why is it a reinstatement? What caused the value of the currency to come down? It was the United States back in 2003 during the war. They put US sanctions on Iraq. The sanctions are what brought the value down…They devalued it from $3.22…What would happen when you take sanctions off? Very simple. It reinstates because that’s what brought it down. Read more…
Al-Bayati: The arrival of the budget in November is almost certain
10-31-2026
Information/Baghdad…
MP Mohammed al-Bayati confirmed on Saturday that resorting to borrowing to support the 2027 budget is very likely, while indicating that the budget’s arrival this November is almost certain, given the government’s indications.
Al-Bayati explained to Al-Maalouma that “most of the items in the 2027 budget are still unclear because they haven’t been finalized yet within the government. Therefore, we are waiting for the Cabinet to vote on it before it reaches Read more…
Al-Zaidi visits Bahrain and Kuwait to discuss the impact of Mubarak Port on Faw and the situation of Shiites
2026-10-31
Shafaq News – Baghdad
An informed source revealed on Saturday that Iraqi Prime Minister Ali al-Zaidi is expected to visit Bahrain and Kuwait this week to discuss important issues, including outstanding matters between Iraq and Kuwait, and the situation of the Shiite community in Bahrain.
The source told Shafaq News Agency that “Al-Zaidi’s visit to Bahrain and Kuwait will address important issues, including dealing with the thorny issues between Iraq and Kuwait, related to Read more…
Al-Marsoumi: Raising the Iraqi-Chinese agreement’s quota to 175,000 barrels of oil per day
10-31-2026
Information/Baghdad…
Economic expert Nabil Al-Marsoumi explained on Saturday that the 2027 budget included adding 25,000 barrels per day of crude oil to the Iraqi-Chinese agreement, to ensure the payment of financial obligations due from Iraq and guaranteed by sovereign guarantees.
Al-Marsoumi told Al-Maalouma that “this addition will raise the oil exports Read more…
The path to development: Iraq shortens the journey to Europe by approximately 11 days.
2026-10-31
Shafaq News – Baghdad
The official spokesman for the Iraqi Ministry of Transport, Ali Al-Khalidi, confirmed on Saturday that the development road represents a sovereign national project linked to Iraq’s economic security, while pointing out that the road shortens the journey to Europe by approximately 11 days.
Al-Khalidi told Shafaq News Agency that the project starts from the Grand Faw Port and establishes an integrated corridor for land and rail transport and logistics services, linking Iraq to Turkey Read more…
Pakistan warns of “powerful parties” seeking to obstruct mediation between Iran and the US
2026-10-31
Shafaq News – Islamabad
On Friday evening, the Pakistani army expressed cautious optimism regarding mediation efforts between Iran and the United States, while warning of powerful parties that it said were seeking to obstruct these efforts.
Army spokesman Ahmed Sharif Chaudhry said that Pakistan has no objection to Iran joining the (Mecca) agreement, noting that the decision rests with Read more…
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Iraq signs contracts with 3 countries to transmit internet capacity to Europe
2026-10-31
Shafaq News – Baghdad
The Iraqi Ministry of Communications announced on Friday evening that it will sign official contracts in the Qatari capital, Doha, with three important countries to pass their internet capacities through Iraq to Europe as a “transit”.
The signing will take place on November 9, on the sidelines of the International Telecommunication Union (ITU) meetings and elections, which Read more…
