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The Iraqi Government Moves to Bypass the 2026 Budget, Focusing on the 2027 Financial Plan

Informed government sources reported that executive authorities are moving toward drafting the general budget for 2027, bypassing an independent budget for 2026 due to time constraints and mounting te...

Decline in Iraqi Oil Revenues Following Major Price Discounts Due to Regional Tensions

Economic reports have revealed that Iraq has resorted to offering substantial price discounts on its seaborne oil exports, driven by escalating geopolitical tensions that are hindering navigation in i...

Kurdistan Regional Government Expresses Readiness to Hand Over Half of Revenues to Federal Government in Exchange for Salaries

The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, affirmed the region's readiness to hand over half of its financial revenues to the federal government in Baghdad, provided tha...

Parliamentary Warnings of Looming Financial Crisis in Iraq Following Strait of Hormuz Disruptions

Iraqi parliamentary circles have warned of severe financial repercussions facing the country due to regional tensions and their impact on oil exports, indicating the possibility of entering a suffocat...

Strait of Hormuz Turmoil Disrupts Iraqi Markets: How Maritime and Land Shipping Control Prices?

The head of the Diyala Chamber of Commerce affirmed that maritime and land transport form the backbone of Iraqi trade, while the impact of air shipping remains limited. He explained that over 50% of g...

Washington Proposes Negotiation Deal: Easing Sanctions in Exchange for Halting Iranian Nuclear Enrichment and Ensuring Freedom of Navigation in Hormuz

International reports revealed that the United States proposed a negotiation package including easing sanctions imposed on Iran, in exchange for stopping uranium enrichment operations and re-guarantee...

Iranian Foreign Ministry: Regional Tension Caused by US-Israeli Aggression, Open to Diplomacy

The Iranian Foreign Ministry announced today, Friday (May 1, 2026), that Foreign Minister Abbas Araghchi conducted a series of calls with his counterparts in the region, including Turkey, Qatar, Saudi...

Saudi Trade Balance Records Highest Surplus in Five Months

Official data released by the Saudi General Authority for Statistics on Thursday, April 23, 2026, showed that the Kingdom of Saudi Arabia's trade balance recorded its highest surplus in five months du...

IMF Spring Meetings Discuss Energy Crisis in Iraq

The spring meetings of the International Monetary Fund and the World Bank commenced in Washington with the participation of a high-level Iraqi delegation. Discussions focused on the repercussions of t...

Iraq's Sovereign Rating Placed on Negative Watch by Standard & Poor's

Standard & Poor's (S&P) has placed Iraq's sovereign credit rating on "Negative Watch", influenced by the economic consequences of ongoing regional conflicts. This action, published by Dijla Point News...