The Leader Of The Shiite National Movement, Al-Sadr, Calls For Preserving The Country's Resources And Ensuring A Decent Life For The People By Meeting Their Needs

 latest news  Sunday, May 17, 2026  Baghdad – One News   The leader of the Shia National Movement, Muqtada al-Sadr, made a phone call to Prime Minister Ali al-Zaidi, congratulating him on the formation of the government and urging him to preserve the country's sovereignty and improve public services.

The International Monetary Fund Comments On Reports That Iraq Has Requested Financial Assistance.

Money and Business      Economy News — Baghdad    The International Monetary Fund said it continues to discuss the possibility of providing financial support to countries affected by rising energy and commodity prices due to the war in the Middle East, without confirming reports that Iraq had requested financial assistance.

Reuters quoted the IMF spokeswoman, Julie Kozak, as saying during a press conference that the Fund continues to discuss potential financial assistance for member countries suffering from high energy and commodity costs, but she did not provide details on specific countries, and declined to comment on a report that Iraq had requested financial support.

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Taiwan Independence Remarks Raise New Flashpoint in US–China Power Struggle

Taipei’s latest sovereignty declaration is intensifying geopolitical tensions at a time when global markets are already facing mounting uncertainty over trade, military alliances, and the future balance of economic power.

An Economist Confirms The Possibility Of Resorting To The Central Bank's Reserves To Compensate For The Deficit.

Baghdad...  Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the Central Bank of Iraq's cash reserves, which exceed $90 billion, while simultaneously warning of the potential for inflation within Iraq.

Qusay told Al-Maalouma, "The Central Bank of Iraq's reserves amount to $90 billion, in addition to 170 tons of gold. If borrowing from these reserves is adopted, it is possible to maintain financial flexibility down to $60 billion."
He added, "The $60 billion represents the value of the issued Iraqi dinar, but a decrease in the dinar's value below this financial backing would allow for domestic inflation."

UK Political Shockwave: Labour Crisis and Reform UK Surge Signal Deep Western Realignment

Mounting instability inside Britain’s ruling government is raising broader questions about political legitimacy, economic confidence, and the future direction of Western financial systems

The collapse in support for the UK Labour government reflects a wider global trend of political fragmentation, voter dissatisfaction, and growing pressure on establishment institutions.

Baghdad Targets 500k Bpd Export Goal Via Turkiye Amid Increased Hormuz Risks

2026-05-16 Shafaq News- Baghdad   Iraq’s new Oil Minister Basim Khudhair al-Abadi warned on Saturday that escalating regional tensions threaten energy flows through the Strait of Hormuz, as Baghdad moves to ramp up crude exports via Turkiye and address long-standing production disputes with the Kurdistan Region.

Speaking during a press conference at the ministry on his first day in office, he pointed to a sharp decline in exports, stating that Iraq shipped an average of 93 million barrels per month before the latest US-Iran escalation, while volumes fell to around 10 million barrels in April.