NEW TAX LAWS 2024 - Q & A How soon can I file my 2023 tax return? (the taxes you file in 2024) In early January.   Keep an eye on the updates on the IRS e-file opening. What is the deadline for filing my tax return for 2023? There is a midnight deadline on Monday, April 15, 2024, unless you file for an extension. People who live in areas affected by natural disasters may also have a later deadline. In 2023, what will be the standard deduction? Every year, the standard deduction is adjusted for inflation, and for single taxpayers (and married individuals filing separately ..read more

As an initial payment to cover Turkish imports, the central bank strengthened tens of millions of euros. As part of the banking arrangement made with Turkey during the past week, the Central Bank of Iraq has strengthened tens of millions of euros as a down payment since last Sunday. According to sources close to the transaction this will cover the imports of retailers from Turkey, with Iraqi traders paying in Iraqi dinars and the Central Bank strengthening the euro to settle with Turkish traders.  This information could be be confirm.  Sources comes from translated article from r ..read more

Iranian-backed militants using launchers hidden inside civilian vehicles to attack American forces in Iraq and Syria.   An array of launchers disguised inside a modified tanker truck was used by Iranian-backed militants in Iraq earlier this week to fire 122mm artillery rockets at coalition forces in neighboring Syria.  According to U.S. Central Command, the top U.S. military command in the Middle East, 15 122mm rockets originating in Iraq were fired at the Rumalyn Landing Zone in Syria around 2:15 p.m. "No personnel or equipment were injured or damaged." A U.S.-led coalit ..read more

The Iraqi Dinar and its relationship to oil revenue In a hurry, read the highlighted sections to understand the bottom line.   The Iraqi Dinar is the official currency of Iraq. It has been the subject of much interest and speculation in recent years, particularly among investors looking to make a profit from its potential appreciation. One key factor that drives this interest is its close relationship with oil revenue. Iraq is one of the world's largest producers of oil, with an estimated 147 billion barrels of proven reserves. This makes it the second-largest producer within OPE ..read more

  According to the country's Oil Ministry, Iraq exported 109.54 million barrels of crude oil in November, generating $9.59 billion in revenue. Using statistics from the State Organization for Marketing of Oil, an Iraqi company, the ministry said that the average price of Iraqi crude oil in November was 87.57 dollars per barrel. During the month, 108.05 million barrels of oil were exported from central and southern Iraq, 1.03 million barrels were exported from the Qayyara oilfield in Nineveh, and 464,728 barrels were shipped to Jordan, according to the statement. More than 90 percent ..read more

An important diplomatic interaction occurred recently between Iraq's Prime Minister Mohammed Al-Sudani and US Secretary of State Antony J. Blinken. Blinken asked the Iraqi government to follow through on its pledge to protect American personnel in Iraq, and the conversations focused on important regional concerns. Blinken stressed the importance of Iraq's commitment to defending every facility containing American personnel, emphasizing the need for the Iraqi government to vigorously pursue those involved in assaults on American soldiers. Moreover, Al-Sudani stressed that the US bombardment ..read more

US Army Air Defense  Why Iraq Lacks an Air Defense System The air defense system of Iraq has a long and tumultuous history, shaped by both internal conflicts and external influences. Understanding its development is crucial in comprehending the current state of Iraq's air defenses. Iraq's first air defense systems were established in the 1920s during its time as a British mandate. These systems mainly consisted of anti-aircraft guns and searchlights to defend against potential attacks from neighboring countries. However, it was not until the 1950s that Iraq began to develop its own a ..read more

  The ministry said that "in continuation of the government program related to achieving financial stability and enhancing the capabilities of economic and investment activities, as well as in view of the success of the first issue of Emaar bonds, the Ministry of Finance intends to issue the second issue of bonds and make them available for circulation to citizens starting Tuesday, November 28, 2023, for a period of 30 days."   You can watch the video by clicking here. Bond details: Two categories of bonds worth one and a half trillion Iraqi dinars are available on the Iraq Stock ..read more

The Basra-Chalamja project is part of Iraq’s $17-billion Development Road Project, a 745 mile long rail, road, and energy pipeline project from Iraq’s northern border with Turkey to the Gulf in the south. Where Exactly is Basra City in Iraq? Are you ready to embark on a thrilling journey into the heart of Iraq? Today, we are unraveling the enigma of Basra City - a hidden gem shrouded in mystery. Nestled along the banks of the Shatt al-Arab, this ancient metropolis holds countless tales waiting to be discovered.  Introduction to Basra City in Iraq Basra City, also know ..read more

 The Moody's credit rating agency maintained Iraq's rating at "Caa" with a stable outlook. The rating reflects Iraq's current financial situation, given its dependency on hydrocarbons, which makes the country highly vulnerable to fluctuations in oil prices. Iraq would also be affected fundamentally by the escalation of the Gaza conflict and the intervention of other parties. Earlier this month, the International Monetary Fund (IMF) released a dire assessment of the Iraqi economy due to factors such as reduced oil production, changes in currency exchange rates, and disruptions in oil ..read more