OPEC+ Maintains Oil Production Policy for Early 2026
Iraq took part by video link in a meeting of OPEC+ countries to review the global oil market and production outlook. After the discussion,…
Iraqi News & Economy Updates – Page 66
Latest Iraqi News posts
Rafidain Bank settles 8.95 trillion IQD for government accounts in 2025 digital surge
Rafidain Bank announced on Sunday that it successfully settled more than 8.95 trillion Iraqi dinars for government department accounts through electronic systems during 2025.…
Parliament begins amending the law on compensation for victims of terrorism after years of waiting.
Inside Parliament, there are serious efforts underway to bring back an important amendment to the Law on Compensation for Victims of Military Operations, Military…
NewsElectricity Ministry denies reducing power supply by “one hour” per day due to Iranian gas outage
The Ministry of Electricity has denied claims circulating on social media that Iraq will only receive one hour of electricity per day. In a…
Iraq rises to second-largest crude oil exporter to the U.S. last week
The U.S. Energy Information Administration (EIA) announced on Sunday, January 4, 2026, that Iraq ranked as the second-largest exporter of crude oil to the…
The coordinating framework hints at deciding on the prime minister candidate in a meeting expected after Tuesday.
On Sunday, Abdul Samad al-Zarkoushi, a member of the Coordination Framework, confirmed that the Framework’s political forces will hold an important meeting after next…
Baghdad Metro Project Under Review
The Baghdad Metro project is still under review after officials examined the latest proposals and found they do not meet the requirements needed to…
Anbar Provincial Council denies suspending official working hours today, Sunday.
On Sunday, Anbar Provincial Council member Adnan Kadhim al-Kubaisi denied rumors spreading in the media and on social platforms about suspending official working hours…
A representative from the province stated: Dhi Qar is suffering from a severe shortage of electricity and other services.
On Saturday, Representative Wafaa Al-Tai from Dhi Qar Governorate said the province is experiencing a serious shortage of electricity and public services, even though…
The retirement authority has directed the release of salaries for the wounded and injured whose salaries were suspended.
On Saturday, the National Pension Authority announced that it will release the salaries of all wounded and injured individuals within the next 48 hours.…
Dollar opens lower in Baghdad, higher in Kurdistan markets
On Saturday, the US dollar opened weaker in Baghdad but edged up slightly in the Kurdistan Region, according to a Shafaq News market survey.…
Two trillion dinars in two months… What did the region’s finance ministry do with employee salaries?
On Saturday, Kurdish politician Didar Haval accused the Kurdistan Regional Government (KRG) Ministry of Finance of seizing around two trillion Iraqi dinars from employees’…
Khalil rules out Kurdish agreement on a single presidential candidate
On Saturday, Mahma Khalil, a leader in the Patriotic Union of Kurdistan (PUK) and former Iraqi MP, said there is no chance that the…
The dollar opens 2026 with a notable decline against global currencies amid anticipation of Powell’s successor.
The U.S. dollar opened 2026 on a weak note, extending the slide it saw through most of last year. In Friday’s trading, the dollar…
2026: The Year Iraqi Dinar Speculators Finally Strike Gold?
For almost 20 years now, a small but passionate group of investors has been chasing one big dream: the Iraqi dinar revaluation. These investors…
Authorities move to contain sudden electricity crisis in Dhi Qar
Authorities in Iraq’s Dhi Qar province rushed on Thursday to deal with a sudden power shortage after private electricity generators across the province were…
Iraq’s Gas Flaring Paradoxes: Economic and Technical Obstacles
Almost every year since 2012, Iraq has ranked among the top gas-flaring countries in the world, usually right behind Russia. In 2024, it came…
Oil rises on the first trading day of 2026
Oil prices moved up on the very first trading day of 2026, bouncing back after taking their biggest yearly hit since 2020 just last…
Al-Lami: Iraq is nearing self-sufficiency in gas.
MP Ali al-Lami confirmed on Thursday that Iraq is on track to achieve gas self-sufficiency sooner than expected, now targeting the first quarter of…
To serve its economic interests, Washington is using its proxies to interfere in the formation of the government.
The US government’s involvement in Iraq isn’t just diplomatic—it’s tied to advancing its own interests and those of its allies. Analysts say the Trump…
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