Latest news with #ShafaqNewsAgency
Shafaq News
29-07-2025
- Business
- Shafaq News
Dollar prices rise in Baghdad, decline in Erbil markets
Shafaq News – Baghdad/Erbil On Tuesday, the exchange rates of the US dollar against the Iraqi dinar remained climbed in Baghdad, while declining in Erbil markets. According to a survey by Shafaq News Agency, the dollar's rate held firm at the closure of Baghdad's central Al-Kifah and Al-Harithiya stock exchanges, settling at 139,350 dinars per 100 dollars. In exchange stores in Baghdad, the selling rate was 140,500 dinars for every 100 dollars, while the buying rate was 138,500 dinars. Erbil's selling price decreased slightly, settling at 139,000 dinars for every 100 dollars, and the buying price was 138,900.
Shafaq News
27-07-2025
- Business
- Shafaq News
Dollar prices stabilize in Baghdad and Erbil at closure
Shafaq News – Baghdad/Erbil On Sunday, the exchange rates оf the US Dollar against the Iraqi dinar remained stable in Baghdad and Erbil markets at the closure. According to a survey by Shafaq News Agency, the dollar's rate in the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad settled at 139,200 dinars for every 100 dollars, while they recorded 139,500 dinars on Saturday. The selling and buying rates at currency exchange stores in Baghdad were set at 140,250 IQD and 138,250 IQD per 100 USD, respectively. Erbil's selling price also settled at 138,950 dinars for every 100 dollars, and the buying price was 138,850.
Shafaq News
25-07-2025
- Politics
- Shafaq News
Basra rally denounces Khor Abdullah agreement as betrayal
Shafaq News – Basra On Friday, hundreds of Iraqis protested outside the Kuwaiti consulate in Basra province to reject the Khor Abdullah maritime agreement, denouncing what they called a 'surrender of maritime sovereignty.' Ali al-Abbadi, a representative of the demonstrators, told Shafaq News Agency that the issue of the Khor Abdullah agreement and its implications for Iraq's maritime boundaries remains a point of contention between the government and the people. 'While the Iraqi public sees the deal as humiliating and a violation of the country's territory and waters, the government views it as an unavoidable reality due to UN Security Council Resolution 833 of 1993.' Al-Abbadi added that the Federal Supreme Court had settled the dispute in September 2023 by declaring the 2013 law ratifying the agreement unconstitutional. However, he noted that public outrage followed a statement by Faiq Zidan, head of Iraq's Supreme Judicial Council, who—after a visit to Kuwait—claimed the court had rejected the same challenge it had previously upheld, arguing it lacked constitutional or legal grounds. Earlier, a majority of Iraqi lawmakers voiced support for the Federal Supreme Court's decision to void the agreement. MP Amer Abdul-Jabbar told Shafaq News that 194 out of 329 parliamentarians had signed a petition addressed to the head of the court, endorsing the September 2023 ruling.
Iraqi News
24-07-2025
- Politics
- Iraqi News
Iraqi MPs back federal court decision on Khor Abdullah
Baghdad ( – Nearly 200 Iraqi parliament members have voiced support for the Federal Court's decision concerning the Khor Abdullah agreement with Kuwait, demanding its implementation and calling for nationwide protests. On Thursday (July 24, 2025), Iraqi MP Amer Abdul Jabbar revealed that he submitted a request signed by 194 lawmakers to the Federal Court, expressing their support for its decision regarding the Khor Abdullah agreement's cancellation. Abdul Jabbar stated to Shafaq News Agency, 'Today, we met with the head of the Federal Court and delivered a request signed by 194 representatives, supporting the court's decision on the Khor Abdullah agreement.' Abdul Jabbar urged Prime Minister Mohammed Shia Al-Sudani to implement the Federal Court's ruling, which invalidated the law ratifying the agreement. He called upon Iraqis to participate in peaceful demonstrations on Friday afternoon to support the Federal Court's decision. Shafaq News obtained a copy of the document signed by 194 MPs, which explicitly rejects the 'humiliating Khor Abdullah agreement.' The document demands that the Prime Minister implement Federal Court Decision No. 105 / unified 194 / federal / 2023, issued on April 9, 2023. It further calls for the decision to be deposited with the United Nations and the International Maritime Organization (IMO), as per a Ministry of Foreign Affairs letter dated December 25, 2023. Following this, the document urges re-negotiations with Kuwait, stipulating that the Iraqi negotiating team should consist of specialized experts free from political interference, and that negotiations be held in Baghdad or a mutually agreed upon neutral third country. The Khor Abdullah navigation regulation agreement, signed in 2012 between Iraq and Kuwait, was initially a technical and administrative response to the aftermath of Saddam Hussein's 1990 invasion of Kuwait and the subsequent border demarcation under United Nations Security Council Resolution No. 833 of 1993. Article 6 of the agreement explicitly stated that it 'does not affect the borders between the two parties in Khor Abdullah as determined by Security Council Resolution No. 833 of 1993.' The Iraqi Council of Ministers ratified the draft law for the agreement's approval in late 2012, and the Council of Representatives passed it by a simple majority under Law No. 42 of 2013. It was subsequently published in the Iraqi Gazette on November 25, 2013, leading to the agreement's entry into force. The recent Federal Court decision (2023) appears to have invalidated the 2013 ratification law, contending it should have been approved by a two-thirds majority. This contrasts with a prior Federal Court decision (No. 21/federal/2014) dated December 18, 2014, which distinguished between laws governing treaty ratification (requiring a two-thirds majority under Article 61/Fourth of the Constitution) and specific treaty ratification laws (requiring a simple majority under Article 59/Second).
Shafaq News
21-07-2025
- Business
- Shafaq News
Dollar prices decline in Baghdad and Erbil markets
Shafaq News – Baghdad/Erbil On Monday, the exchange rates оf the US dollar against the Iraqi dinar edged lower in Baghdad and Erbil. According to Shafaq News Agency's survey, the dollar's rates decreased with the closure оf the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad, settling at 139,500 dinars for every 100 dollars, while they recorded 139,800 dinars in the morning. The selling and buying rates at currency exchange stores in Baghdad were set at 140,500 IQD and 138,500 IQD per 100 USD, respectively.
