Kurdistan Democratic Party: The party came in first place in the Iraqi elections.

Ali Hussein, an official in the Kurdistan Democratic Party’s organizational office in Sulaymaniyah, Halabja, and Raparin, confirmed on Wednesday that the Kurdistan Democratic Party topped the results of the Iraqi parliamentary elections and obtained first place in the number of votes.

Hussein said during a press conference attended by Shafaq News Agency that “the Kurdistan Democratic Party is the first party in Iraq and has obtained the first rank in the number of votes,” explaining that “the party’s votes in Sulaymaniyah Governorate increased by about 20,000 votes compared to the previous elections.”

He added that “the Patriotic Union of Kurdistan did not move towards forming the government because it was convinced that it would get more votes in the Iraqi parliamentary elections,” noting that “the differences between the two parties date back to 1964, and we gained nothing from that civil war but mutual harm.”

Hussein also pointed out that “joint work between the representatives of the Kurdistan Region in Baghdad and the region serves the interest of everyone,” stressing that “the people of Sulaymaniyah do not hate the Kurdistan Democratic Party, but rather expect a lot from it, and I believe that the door to cooperation and openness in this region is now close.”

He concluded by saying: “As a Kurdistan Democratic Party, we want to work with all parties in Baghdad, but some parties do not want to do that. Nevertheless, we will remain committed to the principle of partnership and joint action to serve the Kurdistan Region and Iraq in general.”

The Prime Minister of the Kurdistan Region, Masrour Barzani, announced on Tuesday evening that the Democratic Party had surpassed the one million vote mark as a preliminary result in the general election, while the President of the Region, Nechirvan Barzani, congratulated them on this victory.

The cities of the Kurdistan Region participated in the general voting process that took place in the 2025 Iraqi parliamentary elections, amid a relatively high participation rate by the citizens of the region’s cities.

Shafaq.com

Deposit growth slowed and credit volume increased in Iraq in September.

The Central Bank of Iraq announced on Wednesday that it had recorded a decline in the growth of deposits at banks operating in Iraq for the month of September, while the growth of credit increased.

An official statistic, seen by Shafaq News Agency, showed that total deposits amounted to 113.928 trillion dinars, registering a decrease of 1.82% compared to August, in which deposits amounted to 115.997 trillion dinars.

Central government deposits amounted to 35.398 trillion dinars, public institutions deposits to 25.531 trillion dinars, while private sector deposits reached 52.999 trillion dinars.

In contrast, credit volume growth increased by 0.57% to reach 73.942 trillion dinars in September, compared to 73.521 trillion dinars in August.

Credit extended to the central government amounted to 26.392 trillion dinars, to public institutions 2.431 trillion dinars, while credit extended to the private sector reached 45.119 trillion dinars.

These data show that Iraqi banks continue to support credit, despite the decline in the growth of deposits, in light of the current economic conditions.

Shafaq.com

A source clarifies: There will be no change to the exchange rate, and the Central Bank continues to defend it.

A source clarifies – There will be no change to the exchange rate and the Central Bank continues to defend itSome media outlets reported on a study suggesting a government plan to adjust the exchange rate in the future. However, it turned out that this plan, which was published in studies, did not originate from the central bank and dates back more than ten years.

In this context, a source from the Central Bank confirmed on Tuesday (November 11, 2025) that foreign reserves remain at comfortable levels sufficient to cover imports and enhance the stability of the financial market.

The source explained that “the Central Bank continues to defend the current rate, and that the monetary and financial indicators in the country are stable and support this trend.”

This denial comes after unofficial reports circulated on digital platforms claiming that there was a government intention to adjust the exchange rate in the future.

Burathanews.com

The Central Bank denies rumors of a dinar devaluation.

The Central Bank denied on Tuesday (November 11, 2025) rumors of the dinar’s decline, stressing that they were untrue and were not issued by any official body.

The bank’s media office stated in a statement that “the Central Bank of Iraq denied the news circulating about the expected decrease in the value of the dinar to 4,000 dinars against the dollar, stressing that this information is incorrect and was not issued by any official body within the bank.”

The bank called on the media and citizens to rely only on official sources and to avoid being drawn into rumors aimed at creating financial panic in the market.

Burathanews.com

The commission: Voter turnout exceeded 55 percent.

The Electoral Commission announced on Tuesday evening that voter turnout in the elections held that day reached 54%, noting that more than 12 million voters participated.

According to a document issued by the commission, “The total number of voters for the two days of general and special voting reached approximately 12,003,143 voters out of 21,404,291 voters.”

She added, “The voter turnout exceeds 55%.”

Iraq witnessed on Tuesday (November 11, 2025) the holding of parliamentary elections, the sixth to be held throughout the country since the events of 2003.

Burathanews.com

Oil Price: India races against time to replace Russian crude with Iraqi oil

A report by OilPrice.com on Monday confirmed that India is racing against time to replace Russian crude oil with Iraqi, American, and Emirati oil due to sanctions imposed by the United States, Britain, and other Western countries on Russian crude. The report, translated by the Information Agency, stated that “two Indian refineries purchased a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market, seeking alternatives to Russian crude.”

It added that “Hindustan Petroleum purchased 2 million barrels of West Texas Intermediate crude and 2 million barrels of Murban crude for delivery in December, while another refiner, Mangalore Refinery and Petrochemicals, purchased 1 million barrels of Basra Medium crude, also for delivery in January.”

He added that “the search for alternative oil supplies comes in the wake of the Trump administration’s decision last month to impose sanctions on Rosneft and Lukoil, which together account for half of Russia’s oil exports and a significant portion of India’s imports from the country. The sanctions have sparked a rush to secure supplies before they take effect on November 21, as oil buyers seek loopholes to maintain access to Russian crude at discounted prices.”

Meanwhile, Bloomberg reported an unusual move by two tankers, both subject to EU and UK sanctions, after they conducted a ship-to-ship transfer off the Indian coast last week. Bloomberg stated that one of the tankers, the Elana, had been anchored for two weeks prior to the transfer. Following the transfer, the receiving tanker, the Forties, continued its journey to the Indian port of Kochi, while the Elana sailed to Russia.

Almaalomah.me

The Electoral Commission announces its full readiness for tomorrow’s general election day.

The Independent High Electoral Commission confirmed on Monday its full readiness for the general election day for the Iraqi House of Representatives elections on Tuesday.

The head of the commission’s media team, Imad Jamil, told Shafaq News Agency that “all preparations for the general election day, scheduled for tomorrow, Tuesday, have been fully completed, and the commission has finalized all the necessary technical and logistical procedures to ensure the smooth and transparent conduct of the electoral process, including the distribution of electoral materials and the preparation of polling centers and stations.”

Jamil added that “the Commission is working around the clock and is fully prepared on all levels to ensure that voters can cast their votes easily and conveniently, in a safe and fully prepared environment. We call on voters to participate widely in the elections and contribute to the success of this important national event.”

He stressed that “the Commission is fully committed to implementing the instructions and procedures that guarantee the integrity and transparency of the vote, and is continuing to coordinate and cooperate with the relevant authorities to ensure that tomorrow will be a successful democratic milestone that reflects the will of the citizens.”

For her part, the spokesperson for the Electoral Commission, Jumana Al-Ghalai, explained that the voting process will begin tomorrow, Tuesday, at seven o’clock in the morning.

Al-Ghalai added that the number of general voting voters is 20,063,773 voters, distributed across 8,703 polling centers and 39,285 polling stations in various governorates.

On Sunday morning, polling stations in all regions and cities of Iraq began opening their doors to receive voters in the special voting for the sixth parliamentary elections in Iraq, while the general voting for all citizens will begin on Tuesday.

On Sunday evening, the Deputy Commander of Joint Operations, Lieutenant General Qais al-Muhammadawi, announced that participation in the special voting exceeded 80%, an unprecedented percentage.

Later, in Baghdad, the Kurdistan Region and the rest of the Iraqi governorates, the manual counting and sorting of ballot papers began after the closure of the special voting centers amidst heavy security measures.

Shafaq.com

Iraq and nine other Arab countries possess approximately 1,500 tons of gold reserves.

The World Gold Council announced on Monday that Iraq and nine other Arab countries possess approximately 1,500 tons of gold reserves in the world.

The council said in its latest table for November, which was reviewed by Shafaq News Agency, that “ten Arab countries, including Iraq, possess 1,498 tons of gold.”

He added that “the top five Arab countries, namely Saudi Arabia, Lebanon, Algeria, Iraq and Libya, possess 1,101 tons, while the remaining countries, namely Egypt, Qatar, Kuwait and Jordan, possess 397 tons.”

The council noted that “Iraq raised its gold reserves to 171.9 tons last August, after it was 162.7 tons in July, thus maintaining its 29th place globally out of 100 countries listed in the table with the largest gold reserves.”

It is worth noting that the World Gold Council, which is based in the United Kingdom, has extensive experience and in-depth knowledge of the factors affecting market changes, and its members include the world’s largest and most advanced gold mining companies.

Shafaq.com

Two solar clouds are heading towards Earth, and warnings of geomagnetic storms have been issued.

The Solar Astronomy Laboratory of the Space Research Institute of the Russian Academy of Sciences reported that two clouds of solar plasma will cover the Earth this week, and moderate magnetic storms are expected.

The laboratory explained that “the model it developed to predict the impact of solar activity on Earth, which extends until the middle of the week, is based on accurate calculations of the movement of the solar wind and coronal mass ejections, and based on this data, two clouds of plasma are expected to reach the vicinity of our planet in the coming days.”

The statement noted that “the first cloud resulted from a relatively small solar flare of magnitude M1.7 that occurred on November 7 and, despite its weakness, is expected to cause a G2-class geomagnetic storm during the first half of November 10, a moderate storm that may affect navigation systems and power grids in some areas.”

The second cloud is the result of a major mass ejection that followed a larger solar flare. Calculations indicate that “the most intense parts of this ejection veered significantly northward the moment they separated from the surface of the Sun, and will not reach the Earth directly, but will pass over it. However, there are still possibilities of a geomagnetic impact, which may reach category G2 or at most G3 (a relatively strong storm), although final assessments have not yet been issued.”

Scientists expect that “the effects of this delayed emission will reach Earth late on Tuesday, November 11.”

Shafaq.com

Ministry of Oil: Completion of drilling the deepest horizontal well in the Buzurgan oil field

The Ministry of Oil announced on Monday the completion of drilling the deepest horizontal well in the Buzurgan oil field. The Director General of Maysan Oil Company, Hussein Kazem Laibi, stated in a statement that “this new technical achievement was represented by the completion of drilling operations for the deepest horizontal well in the Buzurgan oil field BUCN-226H at the beginning of November 2025.”

He also explained that “this achievement comes within the company’s strategy to develop oil fields using the latest global technologies and reflects the senior management’s commitment to supporting the efforts of national engineering teams and the international operator in enhancing production and improving the efficiency of extraction from oil reservoirs.”

He also pointed out that “the total depth of the well reached (5626) meters, with a horizontal section of length of (1350) meters, and a total horizontal displacement of (1809.9) meters, thus recording three new records in the Buzurgan field, which are (the deepest well, the longest horizontal section, and the largest total horizontal displacement).”

He noted that “the drilling operations were successfully completed in one round without interruption using advanced rotary steering equipment (RSS) and log-and-measurement (LWD) techniques, while maintaining drilling mud density within the ideal range to ensure well control and immediate reservoir assessment.”

Al-Laibi also confirmed, according to the statement, that “this achievement enhances the position of Missan Oil Company as a leading company in implementing highly efficient engineering operations and embodies the success of its development policy aimed at increasing the yield of national fields and achieving the highest levels of technical performance.”

Burathanews.com