Iraq Economic News and Points To Ponder Tuesday Evening 11-4-25
Sudan Orders A Halt To Imports Of Gasoline, Gas, And Kerosene
Energy Economy News – Baghdad Prime Minister Mohammed Shia al-Sudani directed on Tuesday that imports of gasoline, gas and white oil be halted.
According to a document obtained by “Al-Eqtisad News”, after the great efforts that continued for the past three years,
which resulted in the operation of the new oil refineries within the plan to achieve self-sufficiency,and for our local production of gasoline, gas oil (kerosene), white oil to reach quantities that exceed local consumption rates, the Prime Minister directed that the import of these products be stopped, and the distribution agent and the oil products distribution company should control internal consumption and transfer the surplus for export.”
The document is below:
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Financial Engineering: Between Theory And Practice
Economic 2025/11/03 Dr. Hamid Rahim Janani The wheel of innovations and creative ideas, in the context of finding solutions to the problems accompanying economic activity, has never known and will never know stillness.
This wheel has two paths: the first is to stop the economic decline on the one hand, and the second is to develop the production system on the other hand.
The first path is expressed by the initial stages of transformation towards development, and this is what is happening in developing countries. As for the second path, it is the pursuit of sustainable economic growth, and this is what is happening in economically advanced countries.
Our topic under discussion involves some simulation of the idea of architecture, and contributes to achieving the two paths mentioned in the introduction: those engineering ideas in designs that have turned some buildings into artistic masterpieces, and others that have made wonderful use of spaces to solve problems and achieve a relatively high level of well-being for the residents.
Financial engineering is the process of designing, developing, and implementing innovative financial instruments and mechanisms to find creative solutions and streamlined financial flows that achieve high-level results in meeting set financial objectives.
The inputs for financial engineering processes include financial derivatives such as bonds, sukuk, and ther instruments, as well as sovereign wealth funds, etc.
Its tools used in operations are mathematical models and specialized computer programs, etc.
By combining inputs and tools, applied models have emerged, including Market Neutral Funds), (Hybrid Islamic Bonds), (Call Option Pricing Model), and many other innovations that align with investors’ concerns and address the necessities of developing the work of financial markets and other data.
In Iraq, we are in dire need of financial engineering, a necessary step following fundamental transformations in public financial performance.
These transformations include restoring the role of financial oversight to curb corruption, strengthening financial governance, finding ways to stop financial waste, designing developmental objectives for fiscal policy and directing financial resources towards achieving them, and implementing technological transformation in financial operations, among others.
These are essential conditions for establishing a developmental fiscal policy in Iraq.
Financial engineering then plays a crucial role in creatively addressing problems with innovative solutions and moving towards advanced financial performance that achieves maximum results with minimal input— in other words, financial efficiency and high productivity in expenditure.
What has been presented is on the level of practical aspects.
As for finding theoretical concepts and programs with skill aspects, i.e. finding human capital with a high ability to deal with the inputs and tools of financial engineering, the Ministry of Higher Education and Scientific Research should open departments that specialize in teaching this aspect of public finance, especially technical colleges with precise specializations, and open postgraduate studies to find a basis for localizing this type of science. https://alsabaah.iq/123138-.html
Planning: Management Systems To Promote A Culture Of Quality And Improve Performance
Economic 2025/11/03 Baghdad: Sorour Al-Ali The Ministry of Planning expressed its commitment to building modern and effective administrative systems based on the principles of total quality management, with the aim of promoting a culture of quality and improving the efficiency of government performance in state institutions.
The Undersecretary for Technical Affairs, Dr. Maher Hammad Johan, said at a meeting of the National Quality Committee held at the Ministry headquarters, which was attended by Al-Sabah newspaper:
“The interest in quality is not a temporary response,but a strategic commitment stemming from the Ministry’s belief that quality is a fundamental driver for achieving sustainable development, raising the efficiency of government performance and ensuring citizen satisfaction.”
Johan added that the Ministry of Planning is working onadopting an integrated quality policy based on three main pillars, most notably developing institutional and human capabilities to keep pace with the requirements of the times, and aligning national efforts with the best international standards and practices, in order to contribute to achieving more efficient and transparent government performance.
He pointed out that the formation of the National Quality Committee represents an important institutional step to unify efforts among state institutions in the field of quality, and to lay the first foundations for building an integrated national system that enhances government performance and improves public services.
The Undersecretary of the Ministry of Planning affirmed the Ministry's support forall initiatives and programs aimed at raising the level of quality in state institutions, calling for teamwork to achieve the supreme national interest.
Dulaimi, considered such meetings an important milestone in the national effort to establish the concepts of quality and institutional excellence in Iraq.
He commended the Ministry of Planning's efforts in unifying visions and coordinating efforts at the national level in this field.
Al-Dulaimi stated that the meeting is the culmination of continuous efforts that began in 2017, and a continuation of the work of the National Quality Policy Monitoring and Implementation Committee, which was reconstituted by Ministerial Order No. (2564 dated 3/9/2025) to operate within a unified framework encompassing all state institutions and to enhance cooperation between the public and private sectors with the aim of developing the level of national products and services.
He explained that the committee is a national platform that unites efforts and restores respect for institutional work, noting that the concept of quality is not limited to being a slogan, but is a behavior, practice and national responsibility that requires continuous commitment from all concerned parties.
He added that the Central Organization for Standardization and Quality Control bears a great responsibility in preparing specifications, standards and quality assurance in Iraq, and has worked to develop an integrated system that is consistent with international standards and keeps pace with scientific development to achieve comprehensive development.
He stressed that success in this path cannot be achieved by the efforts of one party alone, but rather through the cooperation of institutions, the unification of visions, and the shared belief that quality is the path to development, and development is the way to prosperity and progress.
Al-Dulaimi pointed out that the concept of quality is no longer limited to industrial sectors, but has come to include various aspects of life, from education and health to energy and the environment,
noting that the National Quality Committee has developed a five-year strategy that extends between 2026 and 2030, which includes goals and practical projects that contribute to supporting the Sustainable Development Goals and enhance the confidence of society and international institutions in Iraq’s capabilities.
He explained that the committee bears a national responsibility to transform goals into tangible reality and recommendations into measurable achievements, stressing that quality is not an administrative luxury, but a right of the citizen, a national duty, and a standard for the progress and advancement of nations. https://alsabaah.iq/123139-.html
Iraq Development Fund Signs Mous With Five Countries
Iraq Jawad Al-Samarraie November 2, 2025 Mohammed Najjar, Advisor to the Prime Minister and Executive Director of the Iraq Development Fund
Baghdad (IraqiNews.com) – The Iraq Development Fund announced on Sunday thesigning of memorandums of understanding (MoUs) with five foreign countries — Japan, Germany, France, the United Kingdom, and the United States —
Marking A Major Step In Strengthening Iraq’s Global Economic Partnerships.
In a statement to the Iraqi News Agency (INA), Mohammed Al-Najjar,Director of the Iraq Development Fund, saidthe MoUs aim to enhance international cooperation and attract foreign expertise and investment into Iraq’s development sectors.
Al-Najjar explained that the agreement with the United Kingdom focuses on providing continuous institutional and technical support to the Fund, which helped reform and update documentation processes to align with global operational and transparency standards.
He also highlighted that the MoUs with the United States open the door to new investment opportunities, revealing ongoing efforts to establish a joint Iraqi-American Investment Fund.
“We are planning an upcoming visit to Washington soon to turn this initiative into reality,” Al-Najjar added.
The Iraq Development Fund continues to play a crucial role in advancing the government’s strategy to diversify the economy, attract global partners, and build sustainable development frameworks in line with Iraq’s economic reform agenda. https://www.iraqinews.com/iraq/iraq-signs-mous-with-five-countries-investment-fund/
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