The Dollar Continues To Bleed On The Local Stock Exchange.
Stock Exchange The US dollar exchange rate fell on Sunday in the markets of the capital, Baghdad, and Erbil. The dollar price fell on the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 140,350 Iraqi dinars for every $100, while it had recorded 140,700 dinars for every $100 yesterday, Saturday.
Selling prices at exchange offices in local markets in Baghdad also declined, with the selling price reaching 141,250 dinars for every $100, and the buying price reaching 139,250 dinars.
In Erbil, the dollar also declined, with the selling price reaching 140,050 dinars for every $100, and the buying price reaching 139,950 dinars. https://economy-news.net/content.php?id=57628
The Minister Of Finance Reassures Parliament: The Government Is Seeking To Submit The Budget Schedules As Soon As Possible.
Sunday, July 20, 2025, | Economic Number of reads: 158 Baghdad / NINA / Finance Minister Taif Sami revealed the reasons for the delay in sending the 2025 budget tables to the Council of Representatives.
Sami confirmed, during a joint meeting with the Parliamentary Finance Committee today, Sunday, that the government is seeking to send it as soon as possible, noting the importance of ending the financial dispute between the federal government and the regional government.
Sami added, “The ministry has made great strides in restructuring government banks and implementing the comprehensive banking system, in addition to implementing the POS system and electronic payment, and expanding various banking services under the supervision of the Central Bank.”
Regarding the tax file and customs automation, the Minister of Finance explained that “non-oil revenues generated from customs exceeded 2 trillion dinars, a percentage of which reaches the governorates.”
The Parliamentary Finance Committee held a joint meeting with Finance Minister Taif Sami on Sunday to discuss the government program, mechanisms for implementing the general budget, and the 2025 budget schedules.
The meeting also touched on the financial management system and the mechanism for including project financing in the governorates within the 2023 and 2024 budgets, as well as discussing data related to financial financing, ways to bridge the budget deficit, and sovereign guarantees, in addition to studying appropriate solutions to maximize revenues. https://ninanews.com/Website/News/Details?Key=1241892
Abu Raghif: Digital Data Security Is A Priority
July 20, 2025 Abu Raghif: Digital data security is a national priority that requires cooperation
Baghdad – Nada Shawkat Chairman of the Communications and Media Commission, Nawfal Abu Raghif, affirmed that digital data security represents the first line of defense for Iraq’s digital sovereignty. He emphasized that protecting global positioning services (GPS) from any exploitation or leakage requires high-level coordination between relevant institutions and the private sector to confront escalating cyber threats.
A statement received by Al-Zaman yesterday said that “Abu Raghif chaired an expanded regulatory meeting with the main companies providing global positioning services in Iraq, in the presence of Chairman of the Board of Commissioners, Blassam Salem, and Board member, Aws Al-Awadi, within the framework of the regulatory vision adopted by the Commission to control the positioning services sector and ensure its consistency with national and international standards.”
Strengthening Sovereignty
He added that (he reviewed the regulatory frameworks approved by the Authority to provide services accurately and efficiently, in a way that contributes to strengthening national sovereignty and protecting the country’s digital infrastructure, while affirming the commitment of operating companies to digital governance controls and applicable legal procedures).
Abu Raghif stressed (the necessity of protecting positioning data and users’ locations from leakage or exploitation, and ensuring their use within legitimate frameworks only, by adopting modern oversight systems, and providing a fortified cyber environment through coordinating efforts between the public and private sectors), calling for (removing bureaucratic obstacles facing service providers, and developing institutional communication channels, which contributes to raising performance efficiency and enhancing mutual trust between the Authority and operating companies).
The statement indicated that (the meeting discussed mechanisms for licensing and importing devices related to positioning services, and subjecting them to audit procedures under the supervision of the competent authorities, to control technical performance and limit use within the legal framework, while opening the way for sound investment initiatives in accordance with technical and legislative controls).
The statement continued that (the meeting stressed the importance of developing monitoring and tracking tools to detect any illegal uses of services).
Positioning, especially with regard to smuggling, espionage, or illegal transportation operations, especially since these files fall within the priorities of digital sovereignty and require the highest levels of coordination between the Authority and the relevant authorities. LINK
Iraq Announces A Qualitative Leap In Gas And Renewable Energy Investment.
Energy Economy News – Baghdad The National Team for Renewable Energy Projects at the Prime Minister’s Office confirmed on Sunday that Iraq has achieved a qualitative leap in gas and renewable energy investment, while noting the commencement of solar energy projects in the garages of eight ministries.
Naseer Karim Qasim, head of the National Team for Renewable Energy Projects at the Prime Minister’s Office, said, “The energy sector in Iraq has witnessed significant developments in recent times, including expansion in gas and renewable energy investments and strengthening infrastructure.”
He pointed out that “the percentage of flared gas investment rose to 68 percent, compared to 57 percent previously, and dry gas production increased to 1,700 cubic meters per day, which contributed to increasing refining capacity, in addition to developing gas and oil transport networks and connecting them to power plants.”
He added that “government efforts included expanding the use of the electronic payment system at gas stations and activating development contracts for 18 exploration blocks and oil and gas fields.”
In the field of renewable energy, Qasim explained that “the government is implementing an integrated strategy that includes the establishment of major generation projects, including the 1,000-megawatt Artawi plant currently under construction, the 525-megawatt Karbala and Alexandria plants, in addition to the 750-megawatt Muthanna investment plant, in addition to other projects under contract.”
He explained that “the second axis of the strategy focuses on smart and rapid solutions, by deploying solar energy systems on rooftops and connecting them to distribution networks, and establishing medium-capacity stations around cities to connect them to medium voltage.”
He pointed out that “the Cabinet voted on several decisions related to these projects, while the governorates have begun allocating the necessary land for them.
The first phase includes a pioneering project at the Government Palace with a capacity of 2 megawatts, consisting of a sophisticated parking lot with a capacity of 500 cars, which was completed in 40 days through cooperation between the public and private sectors.”
He continued, “The Prime Minister directed that the Government Palace power plant be expanded to other ministries. Implementation of the project has begun in eight ministries, and similar projects are being implemented at border crossings with a capacity of 50 megawatts.” https://economy-news.net/content.php?id=57654
Statistics: Iraq’s Oil Exports To The US Rise
Economy | 07/20/2025 Mawazine News – Follow-up The US Energy Information Administration announced on Sunday an increase in Iraqi oil exports to the US during the past week.
The administration said in its statistics that “the average US imports of crude oil during the past week from eight major countries reached an average of 5.623 million barrels per day, an increase of 207 thousand barrels per day compared to the previous week, which reached an average of 5.416 million barrels per day.”
It added that “Iraqi oil exports to the US reached an average of 314 thousand barrels per day, an increase of 150 thousand barrels per day compared to the previous week, which reached an average of 164 thousand barrels per day.”
It continued, “The largest oil revenues to the US during the past week came from Canada, at an average of 3.339 million barrels per day, followed by Saudi Arabia at an average of 523 thousand barrels per day, followed by Mexico at an average of 372 thousand barrels, Colombia at an average of 345 thousand barrels per day, and Brazil at an average of 253 thousand barrels per day.” https://www.mawazin.net/Details.aspx?jimare=264019
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