Savaya in Iraq: A conflict between national sovereignty and the interests of the US administration
US President Donald Trump has sent his Iraqi-born envoy, Mark Savaya, to Baghdad to look after American interests and try to influence the political…
Iraqi News & Economy Updates – Page 76
Latest Iraqi News posts
Integrity Commission Denies Disappearance of $1.9bn
Iraq’s Federal Integrity Commission has officially shut down the rumors about the “missing” IQD 2.5 trillion from the Social Protection Fund — and the…
Oil prices stabilize after peace talks in Ukraine
Oil prices held steady on Wednesday after dropping to their lowest level in a month the day before. The market is calming a bit…
Iraqi Payments Council Reviews e-Payments Adoption
The Central Bank of Iraq (CBI) recently led a meeting of the Iraqi Payments Council to check on how well electronic payment systems are…
An economist reveals the reason for the decline in the dinar’s exchange rate in the parallel market.
Economic expert Manar Al-Obaidi said on Tuesday that the recent drop in the Iraqi dinar’s value on the parallel market has nothing to do…
Board of Iraq Development Fund discusses Key Projects
Prime Minister Mohammed Shia' Al-Sudani led a meeting on Monday with the Board of the Iraq Development Fund to check on the progress of…
Extensive investigations into the withdrawal of 2.5 trillion dinars and the dismissal of officials from the Ministry of Finance and Al-Rafidain Bank.
An informed source revealed that a major decision is expected soon to suspend several officials in the Ministry of Finance and Al-Rafidain Bank. This…
Oil prices recorded a slight decline amid concerns about oversupply.
Oil prices dipped slightly on Tuesday, giving back a bit of the gains from the previous session. Traders are still worried that global supply…
Al-Rasheed Bank relaunches credit card advances with a maximum limit of 15 million dinars.
Al-Rasheed Bank announced on Monday that it has relaunched its electronic loan service through its credit card system, with a maximum loan limit of…
To discuss ways to form a government, the framework will hold a meeting within 48 hours.
A member of the Coordination Framework, Uday Abdul-Hadi, shared an update on Monday about what’s coming next for Iraq’s political scene. He said that…
Electricity: A new energy production technology will save the state treasury $4 billion
The Ministry of Electricity said it is getting ready to bring dozens of new power projects into service across different governorates. These projects are…
Al-Husseini: The economic situation requires the new parliament to enact a salary scale law.
Former MP Yasser Al-Husseini says it’s time for Iraq to finally pass a clear and fair salary scale law for government employees. He stressed…
Oil prices fell as peace talks between Russia and Ukraine drew closer.
Oil prices continued to fall on Monday, adding to last week’s decline, as talks between Russia and Ukraine moved closer to a peace deal…
The Ministry of Finance clarifies the truth about withdrawing funds from the social protection network account.
The Ministry of Finance issued a clarification on Sunday regarding earlier remarks made by the Minister of Labor and Social Affairs about the Social…
EU supports Iraq’s endeavors to diversify economy
European Union (EU) Ambassador to Iraq Klemens Semtner said on Saturday that the EU fully supports Iraq’s plan to diversify its economy and strengthen…
Al-Maamouri: Failure to adjust the salary scale has prompted employees to move towards the Ministries of Oil and Electricity
Former MP Amir Al-Maamouri said on Sunday that keeping the current salary scale — without any real changes — has pushed many employees to…
BEIT Project Addresses Iraq’s Housing and Employment Challenges
The BEIT project — which stands for Building Equitable and Inclusive Transformation — is pushing forward major efforts to fix Iraq’s housing shortage and…
Anbar warns of the repercussions of obstructing the disbursement of payments to wheat and barley farmers.
Qatari al-Obeidi, a member of the farmers' associations in Anbar province, warned that the Ministry of Finance’s delay in releasing last year’s wheat and…
The Patriotic Union: Failure to distribute salaries exacerbates disputes between Baghdad and Erbil.
The Patriotic Union of Kurdistan (PUK) leader, Ghiath al-Surji, confirmed on Saturday that salary delays in the Kurdistan Region have been an ongoing problem…
Iraq’s economy nearing breaking point, expert says
Iraq could be facing a serious economic shock, economist Manar Al-Obaidy warned on Saturday. She says decades of neglect and the government’s reliance on…
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