Iraq’s domestic public debt rises to 103 trillion dinars by the end of May
2026-08-03
Shafaq News – Baghdad
Iraq’s domestic public debt rose to more than 103 trillion dinars by the end of May 2026, marking an increase compared to the previous month, according to data from the Central Bank of Iraq.
Central Bank data seen by Shafaq News Agency showed that domestic public debt reached 103.179 trillion dinars by the end of May 2026, compared to 95.679 trillion dinars at the end of April 2026, and 90.515 trillion dinars at the end of 2025. Read more…
SOMO asks buyers to specify their needs for Basra crude amid Hormuz tensions
2026-08-03
Shafaq News – Baghdad
Iraq’s State Oil Marketing Organization (SOMO) has asked term contract buyers to specify the quantities of Basra crude they require to be loaded during August, as tanker traffic through the Strait of Hormuz continues to decline due to tensions between Iran and the United States.
A document showed that SOMO invited buyers to specify contractual quantities of Basra Medium or Basra Heavy crude, on a delivery-on-board (FOB) basis from the Basra Oil Terminal or from Iraq’s mooring buoys Read more…
Iraq boosts its gas reserves by trialing the Najaf storage facility.
2026-08-03
Shafaq News – Najaf
The Iraqi Ministry of Oil announced on Monday the start of trial operations at the Najaf gas depot, with a storage capacity of 3,000 cubic meters, in a move aimed at strengthening strategic reserves and developing the system for transporting, storing and distributing liquid gas.
The Undersecretary of the Ministry for Gas Affairs, Izzat Saber Ismail, said during his supervision of the start of the trial operation, according to an official statement Read more…
Soleimani’s legacy opens a new front in Iraq… A long war awaits Trump
2026-08-03
Shafaq News – Special Translation
More than six years after the assassination of former Iranian Quds Force commander Qassem Soleimani, his legacy is haunting US President Donald Trump, but this time through the network of armed factions that he helped build inside Iraq, which appear capable of transferring the war from Iran to Iraqi territory, and opening new fronts that make the confrontation longer, more complex and costly.
According to a report by the British newspaper “The Telegraph,” translated by Shafaq News Agency, the Iraqi factions represent one of the most important cards of power that Tehran possesses to plunge the United States and Read more…
The Minister of Finance requests to appear before Parliament to reveal the truth about the financial crisis in Iraq.
2026-08-03
Shafaq News – Baghdad
On Monday, Iraqi Finance Minister Faleh Sari submitted a formal request to the Speaker of Parliament to host him at the next parliamentary session dedicated to presenting the financial and economic situation the country is going through.
Sari said in a statement received by Shafaq News Agency that the request to host the meeting stems from the ministry’s keenness to present the people’s representatives with an accurate Read more…
Fox Refinery: The gasoline crisis is regional and will end in Sulaymaniyah within two months.
2026-08-03
Shafaq News – Sulaymaniyah
Sardar Haji Khalid, owner of the Fox refinery for oil derivatives, confirmed on Monday that the current gasoline crisis is not limited to the Kurdistan Region, but extends to most countries in the region, expecting the price hike crisis in Sulaymaniyah Governorate to end within two months.
Khaled said during a press conference attended by Shafaq News Agency that “the current crisis is global in nature and has affected all countries in the region, as they too are suffering from a shortage of gasoline.” Read more…
Iraqi Dinar Guru opinions 8-2-2026
8-2-2026 Newshound Guru Jeff Article: “Will the the federal government Remove Three Zeros from the Iraqi Dinar?” The perception of that goes two directions: You have what’s going to happen inside Iraq and outside of Iraq…They say in the article two currencies will exist together at the same value. A 25,000 note and a 25 note existing together at the same value. If the value of [a dinar] against the dollar is $3.00…The multiplier is three because it’s a $3.00 value. 25,000 becomes $75,000. 25 becomes $75. That’s outside Iraq. Inside Iraq…you have what dinar could purchase before the rate change and what dinar could purchase after the rate changes. Before the rate change a 25,000 dinar note could buy a bag of groceries. After the rate change, the 25 note could buy that same bag of groceries…This article is telling you a redenomination is going to occur…in country, not outside the country… Read more…
Encouraging mediators: An Iraqi mission to advance efforts to end war and conflict in the region
8-2-2026
Information/Special..
The leader in the National Wisdom Movement, Maysar Al-Shammari, confirmed today, Sunday, that Prime Minister Ali Al-Zaidi is leading a diplomatic move aimed at revitalizing the role of mediators in efforts to bring the views of the Islamic Republic of Iran and the United States of America closer together, within the framework of efforts to contain regional tensions and prevent the expansion of the conflict.
Al-Shammari told Al-Maalomah that “Iraq has a pivotal and influential role in this matter, due to its strategic Read more…
Exclusive: America stipulates the dismantling of factions in exchange for releasing $30 billion of “Saddam’s money”.
2026-08-02
Shafaq News – Baghdad
An informed source revealed on Sunday that the Iraqi government has begun its move towards Washington to release the financial guarantee that has been suspended since the previous regime, but the latter stipulated that the funds be released in exchange for dismantling the factions.
The source told Shafaq News Agency, “Washington had previously promised to release this financial guarantee, and action was supposed to be taken on it during Prime Minister Ali al-Zaidi’s visit Read more…
An Israeli newspaper confirms the withdrawal of US forces and Patriot missile systems from Iraqi Kurdistan.
8-2-2026
The Jerusalem Post reported on Sunday that the United States’ withdrawal of Patriot missile systems from Iraqi Kurdistan raises concerns about further attacks on US bases in the region.
The report, translated by Al-Maalomah News Agency, stated that “the autonomous Kurdistan Region in northern Iraq has been subjected to approximately 1,000 missile and drone attacks since February, when the US-Israeli war on Iran began. The region now faces a potential new challenge as US forces may reduce their presence.”
The report added that “the United States is nearing a complete withdrawal from Iraq, and US bases in the Kurdistan Read more…
Al-Fahdawi: All blocs agree on finalizing the cabinet formation.
8-2-2026
Information/Baghdad…
Member of the United Anbar Alliance, Muhammad al-Fahdawi, confirmed that there is an agreement between the political blocs to expedite the resolution of al-Zidi’s ministerial cabinet during this month, noting that everyone agrees to pass the cabinet and the remaining positions despite the existence of some disagreements between the political blocs.
Al-Fahdawi told Al-Maalouma, “The data on the ground and what resulted from the meeting of the coordination framework have given the green light to hold a parliamentary session Read more…
An economist reveals the real reasons behind the financial deficit and the shortage of cash liquidity.
8-2-2026
Information / Baghdad
On Sunday, economist Faleh al-Zubaidi revealed the real reasons behind the financial deficit and cash shortage facing the Iraqi government, while issuing a strong warning against resorting to external borrowing.
Al-Zubaidi told Al-Maalomah News Agency that “the government is currently suffering from a clear shortage of financial liquidity as a result of the sharp decline in oil revenues, which came as a direct consequence Read more…
MP: Completing the cabinet is essential to confront current challenges
8-2-2026
Information / Baghdad..
Member of Parliament, MP Karim Al-Muhammadawi, stressed on Sunday that completing the ministerial formation of the current government has become an urgent necessity imposed by the nature of the current challenges facing the country, noting that delaying this matter negatively impacts the overall performance of the state.
Al-Muhammadawi told Al-Maalouma News Agency that “resolving the issue of the vacant portfolios would enhance the state of political stability in the country, as well as give the government cabinet greater Read more…
Al-Yassiri: The next phase will witness a qualitative shift in the management of the investment portfolio.
8-2-2026
Information/Baghdad..
The head of the National Investment Commission, Adel Dakhel Mohammed Al-Yassiri, began his duties as head of the commission on Sunday, stressing that the next stage will witness a qualitative shift in the mechanism for managing the investment file in Iraq.
The commission stated in a statement received by Al-Maalomah Agency that “Al-Yasiri held a meeting immediately upon assuming his duties with senior staff and general managers, during which he reviewed Read more…
Within 48 hours, the eighth earthquake strikes Kirkuk.
2026-08-02
Shafaq News – Kirkuk
Kirkuk province recorded two new earthquakes on Saturday evening, bringing the number of earthquakes recorded in the last 48 hours to 8.
A source in the General Authority for Meteorology and Seismic Monitoring told Shafaq News Agency that the two tremors occurred 35 kilometers east of Kirkuk city, and were felt by a number of citizens in various parts of the governorate.
The source added that the competent authorities continue to monitor seismic activity and track Read more…
Al-Zaydi directs the prevention of any threat emanating from Iraq against neighboring countries.
2026-08-02
Shafaq News – Baghdad
On Saturday evening, Iraqi Prime Minister and Commander-in-Chief of the Armed Forces, Ali Faleh al-Zaidi, stressed the need to prevent any transgression or threat emanating from Iraqi territory towards neighboring countries, announcing the formation of a joint security committee to confront the challenges, while directing the development of deterrent mechanisms to prevent the recurrence of such cases or any potential violations.
This came during his chairing of an emergency meeting to discuss security developments in the region, according to Read more…
Three days after its launch, Starlink’s regular data packages in Iraq have run out.
2026-08-02
Shafaq News – Baghdad
The Digital Media Center announced on Saturday evening that the regular packages for the “Starlink” service in Iraq have run out of capacity, just three days after the official launch of the satellite internet service in the country.
The center said in a statement that, according to responses from the Starlink support team, the Standard package has reached its maximum available capacity due to high demand, which has led to the Max package being made available only temporarily for some Read more…
Bin Salman urges Trump to pursue diplomatic solutions… and reveals the behind-the-scenes details of the US strike against Iran being called off
2026-08-02
Shafaq News – Follow-up
On Sunday, Saudi Crown Prince Mohammed bin Salman discussed with US President Donald Trump the developments in the region and their security and political implications, stressing the need to prioritize dialogue and diplomatic solutions to reduce escalation and prevent the conflict from spreading.
Saudi media reported that the Crown Prince stressed during a phone call the importance of making efforts to achieve calm that paves the way for diplomatic solutions, maintaining the security Read more…
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Shafaq News investigates: The government is moving towards borrowing 3 trillion and the internal debt is “exploding”
2026-08-02
Shafaq News – Baghdad
The Iraqi government is entering a financial phase that is considered one of the most sensitive in years, after the salaries of millions of employees and retirees turned into the biggest challenge facing the public treasury.
With shrinking liquidity and declining oil revenues, pressure on public finances has increased, and the government is increasingly resorting to exceptional financing tools to provide the necessary liquidity to cover its monthly obligations, primarily salaries, which account for the largest share of public spending. Read more…
The Popular Mobilization Forces are evacuating their headquarters in Nineveh and moving to alternative locations in anticipation of American strikes.
2026-08-02
Shafaq News – Nineveh
A source in the Popular Mobilization Forces revealed on Sunday that strict directives were issued by the Nineveh Operations Command of the Popular Mobilization Forces to completely evacuate its headquarters and formations in the province, in anticipation of any possible American attacks or airstrikes.
The source explained to Shafaq News Agency that the directives included informing sensitive sites to find alternative headquarters and redeploy forces there urgently, while maintaining very minimal security at the main headquarters, not exceeding one or two guards per building, to avoid any human Read more…
