Iraq Economic News and Points To Ponder Late Sunday Evening 9-7-25

 Between Revenue Promises And Deficit Realities... What Does Increasing Iraq's Oil Share Mean?
 
Baghdad Today – Baghdad   Iraq's eyes are once again turning to oil markets,  where every adjustment to production quotas  represents a potential opportunity  to alleviate the financial pressures weighing on the budget.
 
With an annual deficit exceeding tens of trillions of dinars, and a  rising wage bill and government subsidies,  any increase in oil revenues appears to be a temporary respite   that allows Baghdad to cover its urgent obligations.

Economist Nabil Al-Marsoumi explained in a Facebook post, followed by Baghdad Today, that  
"OPEC Plus will add 137,000 barrels per day to its production  starting next October, and that  Iraq's share will increase by 17,000 barrels per day,  bringing its total production to 4,137,000 barrels per day,"  indicating limited gains    that could help alleviate part of the growing deficit.
 
The increase indicated by Al-Marsoumi   came following a virtual meeting of eight OPEC+ countries, including: 
        Saudi Arabia,
        Russia,
        Iraq, the
        UAE,
        Kuwait,
        Kazakhstan,
        Algeria, and
        Oman.
 
The joint statement issued by the meeting emphasized "commitment to market stability in light of  declining inventories and a  stable global economic outlook," and emphasized that the  production adjustment of 137,000 barrels per day represents  part of a gradual return from previous voluntary cuts that began in 2023.
 
Analysts believe this move reflects the group's desire to maintain price balance without shocking the market.
 
But the most important question for Iraq, as experts pose, is:
 
To what extent will this limited increase in production be reflected in reducing the fiscal deficit?
 
Experts assert that  "increased revenues may give Iraq a little breathing room,"but the reality reveals that any increase remains conditional on  stable oil prices on global markets and on  Baghdad's ability to manage resources without waste.
 
Given the country's continued reliance on oil as its primary source of revenue,
    the economy remains vulnerable to fluctuations, and
    fear persists that any price crisis could turn into a new financial burden.

This logic brings to the forefront criticisms of the nature of Iraq's rentier economy.
 
Additional revenues, while important, do not necessarily address the deep structure of the economy.
 
Analysts believe that the near-exclusive reliance on oil revenues makes the country hostage to
    OPEC+ decisions and  global market prices,  leaving economic development dependent on external circumstances   rather than domestic production capacity.
 
The question here is repeated:
    Is it enough for Iraq to "breathe a little" whenever its production share increases?

Or does the deeper problem lie in the absence of an economic strategy that addresses the  structural deficit,  independent of oil revenues?
 
In addition to these concerns, risks related to international politics are also present.
 
Iraqi oil-exporting companies, most notably SOMO, may be subject to further pressure after the United States recently imposed sanctions on Iraqi businessmen accused of "mixing and smuggling Iranian oil with Iraqi oil."
 
Experts warn that any sanctions targeting SOMO could undermine the gains from the anticipated increase in production and put Iraq directly at odds with new complications related to accessing global markets.
 
Between a  slight increase in production,    ongoing financial pressures, and    growing political risks, the   Iraqi landscape remains gripped by a complex paradox:   additional revenues capable of temporarily  reducing the deficit, a  rentier economy that reproduces its crises with every oil cycle, and an  international system that    closely monitors and  clamps down on any loopholes in  smuggling and   oil mixing.      https://baghdadtoday.news/282724-.html  

Iraq's Oil Exports To The US Achieve Weekly Gains.

Economy | 07/09/2025  Mawazine News - Follow-up : Iraqi oil exports to the United States increased last week.
The US Energy Information Administration said that "US crude oil imports from nine major countries averaged 5.859 million barrels per day last week, up 169,000 barrels per day from the previous week, which averaged 5.690 million barrels per day."

It added that "Iraq's oil exports to the US averaged 303,000 barrels, up 166,000 barrels per day from the previous week, which averaged 137,000 barrels per day."

It continued, "The largest oil revenues to the US last week came from Canada, at an average of 3.836 million barrels per day, followed by Mexico, at an average of 407,000 barrels per day, Saudi Arabia, at an average of 325,000 barrels, and Colombia, at an average of 321,000 barrels per day." https://www.mawazin.net/Details.aspx?jimare=266362

Ministry Of Planning: The Development Plan Focused On Activating Non-Oil Revenues.
Buratha News Agency144  2025-09-06  The Ministry of Planning confirmed, on Saturday, that the five-year development plan is flexible and responsive to variables, including economic, security and climate crises, and gives priority to service projects, noting that the development plan focused on activating non-oil revenues.

The spokesperson for the Ministry of Planning, Abdul Zahra Al-Hindawi, told the official agency, “Planning takes into account all variables and sets the worst possible scenarios for occurrence, in order to at least reduce their effects and overcome them.

” He explained that “the five-year development plan, which was launched at the end of last year and extends until 2028, took into account global changes, price fluctuations and the state of (uncertainty) resulting from political crises and wars, all of which have their effects on Iraq, given that it is part of the global system that is affected and is affected through imports, exports and oil.”

He added, "The ministry has moved towards activating non-oil activities, such as agriculture, industry, and tourism, in addition to developing the tax system and maximizing revenues from various sources, to reduce the impact of global and even domestic variables.

 He emphasized, "The plan was developed to be flexible, applicable, and participatory, and we have identified two main paths in it: innovation in addressing problems, and programming development action, thus achieving a balance between variables and constants."

Al-Hindawi also pointed out that “the Ministry of Planning includes projects within plans, whether regional development plans for governorates or the investment program for ministries and entities not affiliated with a ministry. No project is implemented unless it is included within the plan by the ministry, after preparing a feasibility study.

” He pointed out that “the project that is included and implemented by the relevant entity, the ministry’s task is to follow up on implementation and point out any errors or deviations, and then issue letters and directives to the relevant entities regarding the reasons for the delay.”

He also explained that "some projects are stalled due to problems between the implementing company and the beneficiary, and these are factors the ministry is working to address in coordination with relevant authorities." He emphasized that "the ministry is working in light of the government program and its priorities, as the program has given priority to projects of a service nature, such as sewage, water, and school projects."

Al-Hindawi also stressed that “education comes first, followed by road projects, then industrial and agricultural projects,” explaining that “priorities are also determined based on the development gap between one governorate and another.

If a governorate suffers from a problem with sewage networks, this sector is given priority, while if another governorate suffers from a problem with drinking water, water projects are given priority. All of this is done based on the development and spatial gap in services and projects.”   https://burathanews.com/arabic/economic/464719

 For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

“Tidbits From TNT” Monday Morning 9-8-2025

TNT:

Tishwash:  Al-Sudani heads to Brussels: Is he sending secret political signals to NATO?

Al-Mustaqilla/- Iraqi Prime Minister Mohammed Shia al-Sudani headed to the Belgian capital, Brussels, today, Monday (September 8, 2025), to deliver a speech before the North Atlantic Council (NATO), at the official invitation of NATO Secretary General Mark Rutte.

Strengthening security relations

This visit carries significant political and security implications, coming at a time when Iraq is continuing its efforts to strengthen military cooperation with international coalitions to confront security and terrorist challenges in the region.

Al-Sudani is expected to focus on Iraq's role as a strategic partner in promoting regional stability, in addition to discussing NATO's programs to train Iraqi forces and share intelligence information.

Political and regional messages

Al-Sudani's visit sends signals to both Iraq and abroad about the government's openness to international allies and its commitment to playing an active role in regional security issues. It may also aim to allay international concerns about internal alliances and the balance of power among regional powers, especially in light of the tensions surrounding the region.

Regional context

The visit comes at a sensitive time, as Iraq faces political and geopolitical challenges, including continued security threats along its borders and diplomatic issues related to its relations with neighbors and major powers. The Prime Minister's presence before the NATO Council is seen as an opportunity to affirm Iraq's ability to play a pivotal role in regional stability and review national strategies to confront common threats.

Conclusion

Al-Sudani's visit to Brussels is not merely a protocol event. It represents a political and strategic message about Iraq's drive to strengthen its relations with international allies and consolidate its role as a reliable partner in regional and international security.  link

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Tishwash:  Parliamentary Finance Committee: Hosting the Ministers of Finance and Planning and the Governor of the Central Bank to ensure the disbursement of retirees' salaries.

The Parliamentary Finance Committee decided to host the Ministers of Planning and Finance, the Governor of the Central Bank, and officials of the relevant departments, in the coming days, to develop the necessary solutions to ensure the regular disbursement of retirees' salaries.  link

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Tishwash:  Al-Shabli rules out the approval of the oil and gas law and holds the region responsible for the obstruction.

Member of Parliament Kazim al-Shibli ruled out the possibility of passing the oil and gas law during the current legislative session on Saturday, considering the ongoing disputes between Baghdad and Erbil over the law’s provisions and the mechanism for distributing revenues to be the main reason for the obstruction.

Al-Shabli told Al-Maalouma News Agency that “the oil and gas law is a controversial law subject to political moods, and there are no serious intentions to resolve it within parliament yet,” adding that “the region refuses to give up illegal economic gains and is obstructing the achievement of a consensus formula with the federal government.”

He explained that "the law has been postponed more than once by previous governments, and is not on the House of Representatives' agenda in the near future due to the ongoing political crisis between the central government and the region."

Al-Shabli pointed out that "the federal government needs a fair law that regulates the management and export of oil resources and ensures their equitable distribution to all governorates, without exception or monopolization."  link

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Tishwash:  Al-Sudani declares war on oil mafias.. A high-level investigative committee to pursue corruption and stop the economic bleeding.

Prime Minister Mohammed Shia al-Sudani ordered the formation of a high-level investigative committee on Saturday to investigate suspicions of smuggling Iraqi oil.

His office said in a statement received by Al-Mada that "Prime Minister Mohammed Shia al-Sudani has directed the formation of a high-level investigative committee from relevant authorities to investigate information received about suspicions of corruption in the mixing and smuggling of crude oil and petroleum products, whether in Iraqi ports or within territorial waters."

Al-Sudani stressed "the need to avoid complacency in this matter, and that the committee will submit its recommendations, after completing the investigations, to the Council of Ministers to take appropriate measures in accordance with the law, ensuring support for the national economy and the protection of public funds."  link

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Mot: I hope your day's been just ducky! 

Mot:  Can't Believe My Luck!!! - oh!!!  

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 9-7-25

Good Afternoon Dinar Recaps,

BRICS R5 vs. Unit: The Race Toward a 2026 Currency Launch

Two competing currency concepts highlight the bloc’s ambition to reshape global finance.

R5 Gains Momentum
The R5 proposal draws its name from the five original member currencies — Real, Ruble, Rupee, Renminbi, and Rand. Designed as a basket currency weighted by economic size, China would account for roughly 40% and India about 25%. Analysts see this gradual approach as a realistic entry point, starting as a unit of account before developing into a broader monetary system.

Russian Foreign Minister Sergey Lavrov emphasized: “No one in the BRICS community is raising the issue of replacing the dollar.”

Gold-Backed Unit Alternative
The competing “Unit” proposal envisions a hybrid structure: 40% backed by gold, 60% tied to the BRICS currency basket. The concept was showcased with prototype banknotes at the 2024 Kazan summit, signaling serious intent. A gold-backed foundation would provide tangible value, distinguishing the Unit from traditional fiat systems.

Timeline for 2026 Launch
At the 2025 Brazil summit, leaders reported that nearly 90% of intra-BRICS trade was already settled in local currencies. With BRICS Pay expanding and blockchain systems linking central bank digital currencies, officials believe a pilot launch is achievable by 2026. Lavrov confirmed: “The project will be continued by our Brazilian successors and a pilot could appear before the end of 2026.”

Infrastructure and Challenges
BRICS Pay now connects nearly 5,000 financial institutions, providing an alternative to SWIFT and strengthening non-dollar trade. Kremlin aide Yury Ushakov stated: “We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain.”

Still, challenges remain. The bloc’s diverse economies complicate any unified policy. India’s External Affairs Minister S. Jaishankar noted: “I don’t think there’s any policy on our part to replace the dollar. The dollar as the reserve currency is the source of global economic stability.” Meanwhile, Iran and Russia push for a shared currency to reduce the impact of U.S. sanctions.

Why This Matters
The BRICS currency project — whether under the R5 or Unit name — reflects the bloc’s determination to rewire the global monetary system. Even without consensus on a final design, the push toward a 2026 launch highlights a fundamental shift: the rise of non-dollar settlements and new payment systems that could redefine international trade flows.

@ Newshounds News™
Source: Watcher Guru

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“Tidbits From TNT” Sunday 9-7-2025

TNT:

Tishwash:  Singapore is a strategic hub for Iraqi oil. SOMO: External reserves to face crises, and ExxonMobil is a key partner.

Economist Nabil Al-Marsoumi revealed on Saturday the reasons behind Iraq's choice of Singapore as a location for storing Iraqi oil. This comes after the State Oil Marketing Organization (SOMO) announced advanced agreements with ExxonMobil to enhance storage and refining in the Asian market.

In a clarification followed by Basra 365, Al-Marsoumi said, "The anticipated agreement with ExxonMobil aims to provide storage capacity in Singapore, giving Iraqi oil exports greater flexibility to respond to any emergency, whether it be the closure of the Strait of Hormuz or natural or political circumstances that might impede the flow of oil to global markets."

He added, "Although Singapore is not a major oil producer or importer, it represents a significant international market thanks to its strategic geographic location on shipping lanes between the Mediterranean and Western Europe on the one hand, and the Far East on the other, making it home to the most important commercial ports in Southeast Asia."

Al Marsoumi pointed out that "Singapore's political stability, its open and transparent environment, its advanced judicial and legislative system, and its highly competitive financial and banking system are all factors that have contributed to making it a global hub for oil trading."

He pointed out that "the advanced technological infrastructure, logistical support, and availability of specialized administrative and technical expertise have enabled Singapore to efficiently manage oil storage and trading operations at an international level."  link

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Tishwash:  The President of the Republic: It is necessary to establish a sovereign fund from oil and gas revenues, as they belong to current and future generations.

President Abdel Latif Jamal Rashid stressed on Saturday the need to establish a sovereign fund from oil and gas revenues, as they belong to current and future generations.

The Presidency of the Republic said in a statement received by ( IQ ), "President of the Republic Abdul Latif Jamal Rashid received at the Peace Palace in Baghdad a delegation of participants in the Baghdad International Energy Forum, which included the Secretary-General of OPEC, Haitham Faisal Rashid, the Minister of Oil and Gas in the Libyan Government of National Unity, Khalifa Rajab Muhammad Abdul Sadiq, the First Undersecretary of the Ministry of Production - Egyptian Ministry of Petroleum, Ihab Rajai, and the Undersecretary of the Turkish Minister of Energy and Natural Resources, Ahmet Barat Chonkar, in the presence of the Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani ."

He added, "At the beginning of the meeting, the President welcomed the delegation and pointed out Iraq's keenness to advance the national  energy sector and its efforts to enhance constructive partnerships with its regional and international surroundings in a way that serves the aspirations of peoples for progress and stability 

The President of the Republic explained, according to the statement, that "Iraq, based on its strategic location and diverse wealth, is capable of investing in available natural resources and adopting sustainable solutions, in addition to its role as a pivotal partner in the transition to a green economy and the move towards the use of renewable energy ."

Rashid pointed out that "Iraq is experiencing a state of security and stability after decades of war, terrorism, and the problems the country has been suffering from," emphasizing "the importance of investing in the oil sector, as this phase represents the beginning of real investment, and the necessity of establishing a sovereign fund from oil and gas revenues, as they belong to current and future generations. 

He stressed that "holding the forum is a promising step to highlight Iraq's pioneering role in the energy sector," noting that "success in this field will contribute to formulating new visions for energy policies and expand the horizons of cooperation with international companies to invest in the Iraqi market." He wished the Baghdad Forum success, and the participants good luck in reaching decisions that serve the development of the energy sector, achieve national interests, and meet the aspirations of the people .

In turn, the delegation members expressed, according to the statement, "their sincere desire to deepen the positive relationship with Iraq to include all sectors ."  link

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Tishwash:  Economist: Storing Iraqi oil in the Sultanate of Oman is a strategic project to expand export outlets.

Economic expert Nabil Al-Marsoumi confirmed that the signing of two memoranda of understanding between Iraq and the Sultanate of Oman to develop a crude oil storage project in the Ras Markaz area of ​​Oman represents an “important strategic step” toward expanding Iraqi oil exports to global markets, particularly in Asia.

Al-Marsoumi explained in a blog post followed by Al-Mada that the project, which begins with an initial capacity of up to 10 million barrels, subject to expansion, provides Iraq with greater flexibility in the face of potential disruptions at Basra ports, whether due to climatic conditions or crises in the Strait of Hormuz. He pointed out that the Sultanate of Oman, in turn, seeks to transform the Duqm area into a regional center for storing and re-exporting oil, with a total capacity that will eventually reach 200 million barrels.

He added that Iraq's plans are not limited to storage in Oman alone, but also include the construction of oil tanks and refineries in Southeast Asia and the Eastern Mediterranean, which would contribute to diversifying export outlets and opening new markets in Africa and Europe, in addition to strengthening its presence in the Asian market.

Al-Marsoumi pointed out that the project has a strategic dimension for Iraq, but it requires a careful study to calculate the investment costs and storage fees in Amman's warehouses, while assessing the possibility of doubling Iraq's storage capacity there, to ensure economic feasibility that matches the geopolitical dimension the project provides.  link

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Mot:  Dang!!! -- if da weekend ~~~~

Mot:. What Do You Mean??? -- Learning English is Hard??? 

Here's What the Central Bank of Iraq is Doing

Here's What the Central Bank of Iraq is Doing

Edu Matrix 9-6-2025

In an increasingly interconnected and digital world, central banks worldwide are exploring innovative ways to modernize their financial systems.

The Central Bank of Iraq (CBI) is at the forefront of a significant shift, as highlighted in a recent insightful video from Edu Matrix featuring Sandy Ingram.

 The CBI has initiated a strategic policy to reduce the circulation of physical Iraqi Dinar (IQD) banknotes, aiming to pave the way for a new digital currency.

This bold move, while forward-thinking, carries with it a complex interplay of opportunities and potential challenges that warrant closer examination.

The core of the CBI’s policy is a deliberate reduction in the supply of physical IQD banknotes. The primary driver behind this decision is to facilitate a seamless transition towards the newly introduced digital currency, a move that aligns Iraq with global financial trends embracing digital transformation.

On the surface, such a policy might appear to enhance the security and intrinsic value of the remaining physical banknotes. More broadly, it’s envisioned to modernize Iraq’s monetary system, potentially improving efficiency, reducing the costs associated with printing and managing physical cash, and enhancing overall currency security.

A particularly critical point highlighted in the Edu Matrix discussion is the uncertainty surrounding the exchangeability of older physical banknotes for the new digital format.

For the public and investors alike, clarity on this mechanism is not just important – it’s absolutely crucial for maintaining confidence and preventing instability.

In essence, the Central Bank of Iraq’s decision is a strategic leap towards a modernized, digital-first monetary system, mirroring a global trajectory. While it holds the promise of enhanced efficiency and security, its success hinges on navigating a complex web of challenges.

Clear, transparent communication, the establishment of robust digital infrastructure, and a thoughtful, inclusive implementation strategy will be vital to ensure that the benefits of this digital currency adoption are fully realized without destabilizing the Iraqi economy or leaving its citizens behind.

https://www.youtube.com/watch?v=x-ugutB-GGI

Iraq Economic News and Points To Ponder Sunday Morning 9-7-25

Called For Its Automation In Iraq.. Economist: Suspicions Of Gold Imports From The UAE
 
Baghdad Today – Baghdad Economic expert, Manar Al-Abidi, revealed on Friday (September 5, 2025) suspicions of gold imports from the United Arab Emirates,    calling for the complete automation of the gold sector in all its stages.
 
Al-Obaidi said in a post on his Facebook account, followed by "Baghdad Today," that "official data issued by the UAE Statistics Authority indicates that the volume of UAE exports to Iraq in 2024 amounted to approximately $33 billion,  distributed as follows:

$12.8 billion in precious metals, mostly gold, $6.3 billion in electronic devices, the largest portion of which is mobile phones,  $5.1 billion in cars, in addition to $2.3 billion in electrical and mechanical devices."  

He added, "By comparison, the  UAE's exports to Iraq in 2023 did not exceed $23 billion,  of which gold accounted for only $3.2 billion.

" He explained that "this significant increase in gold imports in 2024 raises legitimate questions,  especially given that one of the main reasons for this is the  use of gold as an alternative means of financial settlement in trade with some countries,  in addition to  its ease of liquidity in markets and   its use in various financial transactions." 

 Al-Obaidi asked, "Where were these massive gold imports financed?
 
Were they fully covered by transfers from the Central Bank of Iraq?"

 He explained, "If so, this is despite the regulatory regime implemented since 2023,    which limited the ability of dozens of Iraqi banks to conduct foreign transfers and  focused oversight on the remaining banks. Consequently, oversight of trade finance operations should be more stringent." 

The economic expert asked, "If the gold purchase was financed outside the Iraqi banking system, what is the source of this money and  why was it used to purchase and export the gold to Iraq?" 

Al-Obaidi pointed out that "data for the first quarter of 2025 indeed indicates a  sharp decline in UAE gold exports to Iraq by 52%  compared to the same period the previous year.

However, the reasons for the  significant jump in 2024 and  subsequent decline in 2025   remain unclear,  which calls for a serious pause.

The fact that more than 12% of Iraq's total imports go to cover gold imports requires careful monitoring,  starting with identifying the sources of financing for this commodity,  moving on to its transport channels and the ports through which it entered the country, and ending with the identity of the importers and the uses of this gold."
 
The economic expert emphasized the"need  for economic policies to move toward fully automating the gold sector in all its layers, and  to prohibit transactions except through monitored electronic payment channels,  enabling tracking of sales and purchases and    identifying the ultimate beneficiary of these large quantities.
 
The goal is not only to meet Iraq's actual need for gold,  but also to prevent its use for purposes that could  harm the national economy and  undermine confidence in the Iraqi banking system." https://baghdadtoday.news/282542-.html  

Bank Deposit Growth And Cash Credit Decline In Iraq
 
Energy and Business  2025-09-06 Shafaq News - Baghdad The Central Bank of Iraq announced on Saturday that  bank deposits in the country grew for June 2025, while    credit growth registered a slight decline.
 
According to bank statistics reviewed by Shafaq News Agency,  total deposits at banks operating in Iraq reached 117.439 billion dinars,    a 1.7% increase compared to 115.360 billion dinars in May.
 
The bank indicated that  central government deposits amounted to 37.822 billion dinars,  public institutions' deposits amounted to 25.460 billion dinars, while   private sector deposits amounted to 54.157 billion dinars.
 
In contrast, credit growth declined slightly by 0.01% in June,    reaching 71.431 billion dinars,compared to 71.504 billion dinars in May.
 
Credit extended to the  central government amounted to 24.680 billion dinars, to public institutions 2.454 billion dinars, and to the private sector 44.349 billion dinars. https://shafaq.com/ar/اقتصـاد/نمو-الودا-ع-المصرفية-وانخفاض-الا-تمان-النقدي-في-العراق  

Al-Sudani: Iraq's Oil Reserves Amount To 150 Billion Barrels And Will Supply The World For More Than A Century.
 
Energy and Business   breaking  2025-09-06 Shafaq News - Baghdad Prime Minister Mohammed Shia al-Sudani announced on Saturday that Iraq's oil reserves amount to approximately 150 billion barrels, indicating that the country could supply world markets with crude oil for more than a century.
 
In a speech he delivered at the launch of the Baghdad International Energy Forum, attended by a Shafaq News Agency correspondent, Al-Sudani said that
 
Iraq has transformed, in just a few years, into an  industrial and development field, with a  thriving energy sector and an  accelerating pace of reconstruction and  development. He added that Iraq's oil reserves amount to 150 billion barrels,   ranking it among the highest in the world.

Al-Sudani also pointed out that Iraqi oil will continue to supply global markets for at least 120 years, arguing that Iraq's export share is not commensurate with the  size of its reserves,  production  capacity,   population size,  provision of services, and  ageing. He expressed his hope that Iraq's oil share would be reconsidered in line with actual capacity indicators, stressing openness to oil companies interested in investing in oil and gas.
 
Since the beginning of the government's work, the    energy issue, the  oil wealth, and the   increase in its value were present, and it was necessary to deal with the oil wealth    in terms of preparing a real infrastructure for oil production.  LINK
  
Iraq Sets A "Lifespan" For Its Oil: It Will Feed The World Until A Specific Date.
 
Economy     2025-09-06 | 1,204 views  Alsumaria News – Economy  identified Prime Minister Mohammed Shia al-Sudani on Saturday the    "preferred" companies to operate in Iraq's oil sector, noting that   Iraqi oil will supply the world for the next 120 years.
 
said Al-Sudani in a speech during the launch of the Baghdad International Energy Forum, followed by Sumaria News,
 
"We have great hopes and expectations for these forums, and    in light of Iraq's important relationship with oil producers,  we must not forget that Baghdad hosted the founding of OPEC."  

Al-Sudani explained that there are "preferential measures for major oil companies in accordance with the country's  highest interests," stressing "openness to receiving oil companies wishing to invest in oil and gas."

 He pointed out that "since the beginning of our government's work, the   energy issue has been present,  particularly in the goal of  expanding the use of oil wealth and  raising the added value of its products, as the world is rapidly shifting towards energy diversity,  especially clean energy.

" He emphasized that "we see the gas sector as a strategic economic option that enhances Iraq's energy security and represents an opportunity to build infrastructure supporting the electricity sector."
 
He pointed to the  end of associated gas flaring and the  full utilization of 1,300 million standard cubic feet, aswe have exceeded 70% of gas reuse, achieving a complete end to flaring within two years.

He explained that "Iraqi oil will continue to feed global markets for more than 120 years, and we are working to transform Iraqi oil into high-value products."    
  
https://www.alsumaria.tv/news/economy/539770/العراق-يحدد-عمرًا-افتراضيًا-لنفطه-سيغذي-العالم-لتاريخ-محدد 

Planning: The Development Plan Focused On Activating Non-Oil Revenues.
 
Yesterday, 11:36  Baghdad - INA - Mohammed Al-Talibi    The Ministry of Planning affirmed on Saturday that the five-year development plan is  flexible and responsive to changes, including  economic,  security, and climate crises, and  prioritizes service projects.
 
The Ministry noted that the development plan focuses on activating non-oil revenues.
 
“Planning   takes into account all variables and   sets the worst possible scenarios   to at least minimize and overcome their impact,” Abdul Zahra Al-Hindawi, a spokesman for the Ministry of Planning, told the Iraqi News Agency (INA).

He explained that “the five-year development plan launched at the end of last year and extending until 2028, took into account   global changes, price fluctuations, and the state of uncertainty resulting from political crises and wars, all of which have an impact on Iraq,  as it is part of the global system that is affected and is affected through imports,  exports, and   oil.” 

He added, "The ministry has moved towards activating non-oil activities, such as  agriculture,    industry, and    tourism, in addition to    developing the tax system and    maximizing revenues from various sources, to reduce the impact of global and even domestic variables."

He emphasized, "The plan was developed to be    flexible,    applicable, and  participatory, and we have identified two main paths in it:    innovation in addressing problems, and   programming development action, thus  achieving a balance between variables and constants." 

Al-Hindawi pointed out that “the Ministry of Planning includes projects within plans, whether regional development plans for governorates or the investment program for ministries and entities not affiliated with a ministry.
 
No project is implemented unless it is included within the plan by the ministry, after preparing a feasibility study.”

He pointed out that   “the project that is included and begins to be implemented by the relevant entity,
the ministry’s task is to follow up on implementation and point out any errors or deviations,
and then issue letters and directives to the relevant entities regarding the reasons for the delay.” 

 He explained that "some projects are stalled due to problems between the implementing company and the beneficiary, and these are factors that the ministry is working to address in coordination with the relevant authorities."

He emphasized that "the ministry is working in light of the government program and its priorities,as the program has given priority to projects of a service nature, such as    sewage,    water, and    school projects." 

Al-Hindawi stressed that "education comes first, followed by road projects, then industrial and agricultural projects," explaining that "priorities are also determined based on the development gap between one governorate and another.

If a governorate suffers from a problem with sewage networks, this sector is given priority, while 
if another governorate suffers from a problem with drinking water, water projects are given priority. 

All of this is done based on the development and spatial gap in services and projects."       
https://ina.iq/ar/economie/242688-.html  

Al-Khalidi: Reforming The Port System Will Support Iraq's Treasury.
 
 September 5, 19:14  Information/Baghdad  Former Parliament Rapporteur Mohammed Othman Al-Khalidi confirmed on Friday that reforming Iraq's port system could contribute approximately 10% of annual revenues to the Iraqi treasury.   

Al-Khalidi told Al-Maalouma News Agency:   "Iraqi ports constitute  strategic economic facilities, especially since they constitute a    significant portion of non-oil revenues.

However, there are many question marks regarding the  mechanisms of operation and the  possibility of exploiting the significant opportunities available." 

He added, "Completing the multi-stage reform process of the port system,working to eliminate any suspicions of financial and administrative corruption, and automating exchanges and transactions,  could transform port revenues into a significant figure  that would support Iraq's treasury by 10% annually, thus  reducing  pressure on oil sales and the challenges of global price fluctuations." 

He pointed out that  "Iraq will remain in a difficult economic situation if   the path is not corrected and    a diversified economy is not created, far from its near-total dependence on oil sales," explaining that
 
"more than 90% of the treasury's revenues come from oil sales  and are used to pay wages, loans, dues to ministries and agencies,and annual salaries."  https://almaalomah.me/news/109479/economy/الخالدي:-إصلاح-منظومة-الموانئ-يدعم-خزينه-العراق  

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Seeds of Wisdom RV and Economic Updates Sunday Morning 9-7-25

Good Morning Dinar Recaps,

US Crypto Bill Draft Seeks Clarity on SEC-CFTC Roles, DeFi Rules

The updated draft bill also introduces protections for DeFi developers and emerging blockchain sectors like DePINs.

A Revised Framework for Crypto Oversight
A newly revised draft of the Responsible Financial Innovation Act of 2025 has been released by US Senators, aiming to clarify the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

The bill proposes clear roles for the SEC and CFTC, establishes a joint advisory committee, and provides explicit protections for decentralized finance (DeFi) developers and emerging blockchain networks like Decentralized Physical Infrastructure Networks (DePINs).

SEC-CFTC Alignment and Joint Committee

• The bill creates a Joint Advisory Committee on Digital Assets with members from both agencies.

• Both the SEC and CFTC would be required to publicly respond to the committee’s recommendations, even if nonbinding.

• A public roundtable is scheduled for September 29 to discuss harmonization efforts.

“The SEC and CFTC must align to reduce regulatory overlap, eliminate unnecessary friction, and support innovation,” SEC Chairman Paul S. Atkins and CFTC Acting Chair Caroline D. Pham said in a joint statement.

Protections for Developers and Users

• Developers, validators, wallet builders, liquidity providers, and infrastructure contributors would not fall under traditional financial regulations if the protocol is not centrally controlled.

• This responds to concerns raised by the conviction of Tornado Cash co-founder Roman Storm, which critics said blurred the line between software development and criminal liability.

• Airdrops, staking rewards, and liquid-staking outputs are defined as “gratuitous distributions,” exempt from securities laws.

DePINs and Tokenized Assets Included

• For the first time, DePIN tokens receive federal-level treatment. Tokens are exempt from securities classification if no entity controls more than 20% of supply.

• This safe harbor is designed to foster decentralized telecom, storage, and sensor networks.

• The bill also clarifies that tokenization of real-world assets (RWAs) does not automatically make them securities.

• Regulators are instructed to study custody, audit, verification, and enforcement standards for RWAs.

Next Steps in Legislation
Senator Cynthia Lummis (R-WY), a key architect of the legislation, said the Senate’s version must be aligned with the Clarity Act, which passed the House in July. The goal is to reconcile the two bills and deliver a version for President Trump’s signature before year-end.

Why This Matters
The proposed framework could provide long-sought regulatory clarity for US crypto markets, easing developer fears while strengthening institutional trust. By explicitly protecting DeFi builders, recognizing DePINs, and clarifying SEC-CFTC roles, the bill may mark a turning point in US digital asset legislation.

@ Newshounds News™
Source: Crypto News

~~~~~~~~~

The Ripple Swell 2025 Agenda Is Out—These Are The Highlights

Ripple’s flagship event returns to New York City with two days of high-profile speakers and panels on tokenization, regulation, stablecoins, custody, and global adoption.

Swell 2025: Ripple’s Annual Showcase
Ripple has published the full program for its ninth annual Swell conference, set for November 4–5 in New York City, with a welcome reception on November 3. The invite-only gathering will spotlight stablecoins, payments, regulation, tokenization, custody, and digital asset security.

Ripple promoted the agenda on X, noting: “The Ripple Swell 2025 agenda is live! From stablecoins and payments to regulation and real-world adoption, Swell brings together the conversations shaping the future of finance. Don’t miss your chance to join us in NYC.”

Day 1 Agenda Highlights

• Opening Remarks: Ripple President Monica Long introduces the event, followed by Nasdaq CEO Adena Friedman in a headline fireside on the potential of blockchain in finance.

• Tokenization & Capital Markets: BlackRock’s Maxwell Stein and Moody’s Rory Callagy explore the role of tokenized assets.

• Stablecoins & Payments: AMINA Bank’s Myles Harrison and Schuman Financial’s Martin Bruncko discuss speed, cost, and inclusion in cross-border flows.

• ETFs & On-Chain Funds: Leaders from Bitwise, Canary Capital, and Bitnomial highlight new access pathways to digital assets.

• Ripple Demo: A keynote product demo showcases Ripple’s vision for stablecoin payments.

• Institutional Infrastructure: Panels cover custody frictions, global regulatory perspectives, and prime brokerage innovations with speakers from CME Group, BNY, XTX Markets, Citi, Franklin Templeton, and Fidelity.

• Evening Event: The day closes with the Swellebration and Innovation Awards.

Day 2 Agenda Highlights

• Morning Sessions: A keynote (TBA) followed by a panel on institutional adoption maturity.

• Policy Focus: “US Regulatory Leadership in Crypto — Global Comparisons and 2025 Priorities” examines legislative, supervisory, and international efforts. Speakers include Summer Mersinger (Blockchain Association), Ananya Kumar (Atlantic Council), and Ripple’s policy team.

• Consumer Adoption: Ripple CLO Stuart Alderoty introduces the National Cryptocurrency Association, joined by users to highlight real-world crypto utility.

• Humanitarian Innovation: Chef and humanitarian José Andrés joins Ripple Co-Founder Chris Larsen in a fireside on disaster relief and social impact.

• Security Spotlight: Elliptic, Coinbase, and Duke University discuss combating crypto crime.

• Stablecoin Momentum: Exchanges discuss integrating Ripple’s RLUSD stablecoin, emphasizing global trust and adoption.

• Closing Keynote: Ripple CEO Brad Garlinghouse reflects on the road ahead for 2026 and the company’s bet on financial-utility crypto infrastructure.

Why This Matters
Ripple Swell has become a bellwether for institutional adoption and policy alignment in the crypto space. With Nasdaq, BlackRock, Moody’s, Citi, Fidelity, and major regulators on the agenda, the 2025 edition underscores Ripple’s effort to anchor crypto’s role in mainstream finance while pushing forward stablecoin utility through RLUSD.

@ Newshounds News™
Source: Coin Surges

~~~~~~~~~

Crypto Firms Break Into Wall Street as Robinhood Joins S&P 500, SOL Strategies Lands Nasdaq Listing

From index inclusion to Nasdaq trading, crypto-linked firms are gaining mainstream legitimacy in global finance.

Robinhood to Enter the S&P 500
Robinhood (HOOD), the retail brokerage with heavy exposure to digital assets, will officially join the S&P 500 on September 22. The news sent shares up 7% in after-hours trading, pushing HOOD above $108.

• Robinhood’s share price has surged over 150% year-to-date, reflecting strong investor appetite.

• In Q2, the firm posted $989 million in revenue—well above analyst expectations—with $386 million in net income.

• While crypto trading revenue dipped quarter-over-quarter, it remains nearly double year-over-year at $160 million.

• Robinhood joins Coinbase, which entered the S&P 500 in May, solidifying the role of digital asset platforms in the broader US equity landscape.

Notably, the index declined to include Bitcoin treasury firm Strategy (formerly MicroStrategy), despite its $95 billion market cap and $70 billion Bitcoin holdings.

SOL Strategies Heads to Nasdaq
Meanwhile, Solana-focused treasury and infrastructure company SOL Strategies has received approval to list its shares on Nasdaq under the ticker STKE, beginning September 9.

• The Canadian firm will continue trading on the Canadian Securities Exchange (as HODL) but exit the OTCQB. Current OTCQB shareholders will have their shares automatically converted to Nasdaq.

• CEO Leah Wald said the listing provides “enhanced liquidity, broader investor participation, and the credibility that comes with being in Nasdaq’s orbit.”

• As of August 31, SOL Strategies held 435,064 SOL ($89 million) in treasury and operated validators managing over 3 million staked SOL ($741 million).

• This positions the firm as the third-largest publicly traded SOL holder, trailing only Upexi and DeFi Development Corp.

Shares on the Canadian exchange spiked nearly 20% following the announcement, while quarterly revenues grew to $8.7 million in Q2 from $3.5 million in late 2024.

Mainstream Embrace of Crypto Firms
Together, these moves highlight how digital asset firms are advancing into mainstream financial markets:

• Robinhood and Coinbase now sit alongside America’s top 500 companies, opening crypto platforms to wider investor bases.

• SOL Strategies’ Nasdaq listing marks one of the first major Solana-focused treasury firms to access deeper capital markets.

• Despite Strategy’s exclusion, the rise of firms tied to trading, infrastructure, and token holdings points to a maturing environment where digital assets are no longer confined to the periphery.

Why This Matters
Wall Street is no longer keeping crypto at arm’s length—it’s opening the door. Robinhood’s inclusion in the S&P 500 and SOL Strategies’ Nasdaq debut show that digital asset companies are being measured by the same yardsticks as traditional firms: profitability, growth, and investor demand. This is the inflection point where crypto firms stop being outsiders and start shaping the future of global markets from the inside.

@ Newshounds News™

Sources:
Decrypt – Solana Treasury Company SOL Strategies to Begin Trading on Nasdaq
Decrypt – Robinhood Set to Join S&P 500 as Bitcoin Giant Strategy Misses Out

~~~~~~~~~

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The Financial Reset has Just Begun

The Financial Reset has Just Begun

WTFinance:  9-5-2025

Have you ever felt a creeping unease about the state of the world economy? That nagging feeling that something fundamental is broken? You’re not alone.

A recent, deeply insightful video from WTFinance, featuring the candid analysis of guest Francis Hunt, dives headfirst into this very concern, delivering a stark warning about the unsustainable levels of global debt and the potential for a systemic collapse.

Hunt’s analysis is not for the faint of heart, but it’s crucial for anyone seeking to understand the true pressures bearing down on our financial future, particularly in the United States, the United Kingdom, and Western economies at large.

According to Hunt, we are hurtling towards an unpayable debt crisis, meticulously crafted over decades of political mismanagement, excessive government spending, and a global financial system that he describes as corrupted.

He pulls back the curtain on what he calls “taxation by inflation” – a subtle yet potent mechanism where governments erode the purchasing power of your money, effectively devaluing your savings to service their ever-growing obligations.

The core of the problem, as Hunt articulates, is that governments can no longer sustain their commitments without drastic, potentially catastrophic, consequences.

 We’re seeing the early tremors in the collapse of debt markets, particularly long-term debt instruments in Western nations, signaling a profound loss of confidence.

Hunt doesn’t shy away from critiquing the powerful financial and political elites, whom he characterizes as a “banking cartel.” He suggests this group manipulates the system to maintain power, often at the direct expense of the general population.

This manipulation, coupled with the crushing debt, has societal implications that are truly chilling.

The conversation touches on potential austerity measures, reduced government services, and a future where our basic freedoms could be eroded.

 Hunt describes a trajectory towards a “corporate fascist subscription economy,” where individuals own nothing, rely solely on services, and live under constant surveillance, empowered by technological advancements like biometric identification and AI.

He warns that AI will replace human labor on a massive scale, fundamentally altering the job market and the very fabric of society. The guest even posits a potential drastic reduction in population, particularly in Western nations, as an ultimate consequence of this systemic strain.

Despite this grim outlook, Francis Hunt is not without hope, nor without solutions. His message is a powerful call to action, urging individuals to take control of their financial destinies and prepare for the seismic shifts ahead.

Hunt’s insights challenge us to look beyond immediate headlines and grasp the deeper, structural forces at play. While the picture he paints is sobering, his emphasis on education, preparedness, and individual agency is incredibly empowering. Forewarned is forearmed.

https://youtu.be/Vq520zY4nRI

Iraq Economic News and Points To Ponder Saturday Afternoon 9-6-25

The Prime Minister Stresses The Importance Of The Strategic Bilateral Relationship Between Iraq And The United States.

Time: 2025/09/06 12:22:50 Reading: 735 times  {Political: Al Furat News} Prime Minister Mohammed Shia al-Sudani received the new US Chargé d'Affaires in Iraq, Joshua Harris, today, Saturday, on the occasion of his assumption of his duties.

During the meeting, Al-Sudani stressed, according to a statement from the Prime Minister's Office, a copy of which was received by {Euphrates News}, "the importance of the bilateral strategic relationship between Iraq and the United States, and increasing and developing joint coordination in various fields, in a way that serves the interests of the two friendly peoples."

The statement added, "The meeting also reviewed regional conditions, the most prominent international files, and issues of common interest, exchanging views on them, and ways of cooperation to support regional stability, reduce tension, stop the continuation of conflicts, and prevent the expansion of the conflict."   LINK

OPEC Secretary-General: Iraq Will Remain A Vital Hub In The Energy System.

Saturday, September 6, 2025, 1:42 PM | Economic Number of reads: 301

Baghdad / NINA / OPEC Secretary General Haitham Al-Ghais affirmed that Iraq will remain a vital hub in the energy system, renewing the organization's commitment to a sustainable future.

He said in a speech at the Baghdad International Energy Forum: It is a great honor for me to represent OPEC in Baghdad, the cradle of civilizations and the beating heart of the region

. Al-Ghais added that since OPEC was established in Baghdad, it has played a pivotal role in achieving balance in the global oil market.   https://ninanews.com/Website/News/Details?key=1250296

Oil Minister: The Holding Of The Baghdad International Energy Forum Is Evidence Of Iraq's Strong Role.

Saturday, September 6, 2025, 1:30 PM | Economics Number of reads: 302 
Baghdad / NINA / Oil Minister Hayan Abdul Ghani stressed that holding this forum in Baghdad is evidence of Iraq's strong role and that it is taking confident steps towards leadership in the energy field.

He said in a speech at the Baghdad International Energy Forum: Our goal is to reach diversification of energy sources to be 30 percent of diversification by 2040.

The Minister of Oil added that: Holding this forum in Baghdad is a clear message that Iraq is regaining its position as a sustainable energy partner in the world.

He explained that Iraq is qualified for dialogue on energy transition, indicating that the government and the ministry are working on the energy file for sustainable growth.

The Minister of Oil indicated that "the ministry signed a contract with a British company to develop four oil fields around Kirkuk Governorate," adding that "Iraq was able to reduce greenhouse gas emissions by 2.5%, while at the same time working to diversify export routes to ensure access to various global markets."

Abdul Ghani stressed that "Iraq does not view energy in isolation from the environment, as the government is working on preparing a green building project," affirming that "Iraq's vision for the future is to be a global energy hub." / https://ninanews.com/Website/News/Details?key=1250292

Basra Crude Prices Fell By More Than 3% In A Week.

Time: 2025/09/06 09:14:03 Reading: 330 times  {Economic: Al Furat News} Basra crude prices fell, closing last week with a loss of more than 3%.

Basra Heavy crude closed its last session on Friday, down 38 cents, at $64.81, recording a weekly loss of $2.1, or 3.14%.

Basra Medium crude closed the last session up 38 cents, reaching $70.11, marking a weekly loss of $2.11, or 3.01%.

Brent crude futures lost $1.44, or 2.15%, to settle at $65.55 a barrel, while US West Texas Intermediate crude lost $1.61, or 2.54%, to settle at $61.87 a barrel.  LINK

Mazhar Saleh: The Amman Agreements Are A Roadmap For Regional Openness And Gulf Partnerships.

Time: 2025/09/06 15:29:08 Reading: 570 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Saleh, affirmed today, Saturday, that the agreements concluded with Oman constitute a roadmap for greater openness on the Arab and regional levels, while noting that they will open the doors to partnerships with Gulf states and international seaports.

In a press statement, Saleh said, "The memoranda of understanding signed by Prime Minister Mohammed Shia al-Sudani during his recent visit to the sisterly Sultanate of Oman constitute a cornerstone of cooperation between two important Gulf countries on both sides of the Gulf.

These memoranda are not merely official documents, but rather a roadmap toward an Iraq that is more open to its Arab and regional surroundings, more capable of attracting investment and achieving sustainable development, and represent a strategic step toward repositioning Iraq economically and regionally."

He added, "Iraq seeks to expand its economic relations beyond the traditional framework, as the memoranda of understanding with the Sultanate of Oman, in particular, open the door to partnerships with a Gulf state with a strategic location and advanced global seaports, particularly logistical connectivity via the Development Road project."

He continued, "Linking the Grand Faw Port with the ports of the Sultanate of Oman via the Development Road Project will create a trade corridor linking the Gulf with Turkey and Europe, strengthening Iraq's position as a regional and international transit hub. It will also expand trade between the two countries."

He added, "The signed memoranda of understanding cover other critical areas, such as the capital market, industry, energy, and tourism. These sectors could serve as a gateway to broader cooperation with Gulf countries, which possess advanced expertise in these sectors.

This should not be overlooked, however, as the two countries must avoid double taxation to prevent tax evasion on income and capital. This will encourage Omani and Iraqi investors to invest capital without fear of tax complications."

He pointed out that "a memorandum of understanding was also signed between the Federation of Iraqi Chambers of Commerce and the Oman Chamber of Commerce and Industry, which enhances the role of the private sector in leading economic cooperation in a free market cooperation, in addition to establishing strategic projects in the fields of energy and logistics.

The agreement between the two countries will go towards building an oil storage facility with a capacity of 10 million barrels in the Omani port of Duqm, which is an important step towards establishing a solid regional infrastructure in the fields of energy and transportation."

He continued, "This file will enable Iraq to access Asian and African markets more easily, and strengthen its position as a major transit point. It will also launch a follow-up mechanism through the formation of a joint committee, such as the Omani-Iraqi Council, to monitor implementation. This confirms the seriousness of turning the plans into a tangible reality."

He added, "More than 24 memoranda of understanding were signed covering various vital sectors such as energy, raw materials, tourism, communications, infrastructure, smart cities, manufacturing, financial services, and capital markets."

He explained that "the memoranda also included cooperation in the legal fields, education, scientific research, intellectual property, urban recovery, and the defense sector," noting that "the Omani investment market indicates a significant presence of the Iraqi private sector, as the number of Iraqi companies currently investing in the Sultanate of Oman has reached approximately 1,304 companies with a total capital of approximately 94.3 million Omani riyals, representing 68.2% of foreign investment there.

The relations between the two private sectors also indicate prosperity, and the Omanis see Iraq as an attractive market and an important opportunity to benefit from the renewed infrastructure and free zones for the purpose of investment and trade."

He pointed out that "trade exchange between the two brotherly countries jumped by 30% in 2024 compared to 2023, reaching approximately $779 million, and in the first half of 2025, it increased to $622 million."  LINK

 For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 9-6-25

Good Afternoon Dinar Recaps,

Weak U.S. Jobs Report Sinks Stocks and Bitcoin, Fuels Speculation of Larger Fed Rate Cut

Labor market slowdown sparks broader market selloff and shifts expectations for monetary policy

Jobs Data Misses Expectations
A disappointing U.S. labor report rattled financial markets on Friday, sending both stocks and cryptocurrencies lower.  According to the Bureau of Labor Statistics, the U.S. economy added just 22,000 jobs last month, sharply missing economists’ forecast of 76,500.

The report also highlighted a surge in Americans holding multiple jobs, which climbed by 443,000 to 8.785 million — the largest increase since 2020 and near a record high.

Market Reaction: Stocks and Bitcoin Slide
The weak labor data triggered an immediate downturn across major indices:

• The Dow Jones Industrial Average fell 240 points.

• The S&P 500 dropped 39 points.

• The Nasdaq lost 51 points.

Bitcoin (BTC) also mirrored the decline, sliding $711 on the day to $110,892.

Shifting Odds of a Larger Rate Cut
The report quickly reshaped market expectations for Federal Reserve policy. CME’s FedWatch tracker now shows:

• An 88.1% probability of a 25-basis-point rate cut.

• An 11.9% chance of a larger 50-basis-point cut, up from 0% just a day earlier.

The spike in expectations for a deeper cut underscores mounting concerns that the U.S. economy is slowing faster than anticipated.

Why This Matters
The weak jobs report adds new pressure on the Federal Reserve ahead of its next policy meeting. With stocks and Bitcoin both slipping on the news, investors are recalibrating their strategies for a market environment where labor softness could force the Fed into more aggressive easing.

@ Newshounds News™
Source: Daily Hodl

~~~~~~~~~

Malaysia and Laos Eye BRICS Membership as Bloc Expands Influence in Southeast Asia

China backs Malaysia’s entry while Laos formally signals interest, underscoring BRICS’ growing pull in the Global South

China Pushes for Malaysia’s Full Membership
Malaysia’s path to full BRICS membership gained momentum this week after Chinese President Xi Jinping pledged his country’s strong backing during a meeting with Prime Minister Datuk Seri Anwar Ibrahim in Beijing.

“President Xi stated his full support for accelerating Malaysia’s participation as a full member of BRICS. This is a great honour and a sign of support for our country to continue playing an important role on the world stage,” Anwar said.

Malaysia, which became a BRICS partner nation in early 2025, is now positioning for formal entry by the bloc’s 2025 summit. Economic ties with China remain central to this push, with bilateral trade reaching RM484.12 billion in 2024 and 31 new agreements signed earlier this year.

Laos Formally Expresses Interest
Meanwhile, neighboring Laos has also stepped forward, with Prime Minister Sonexay Siphandone announcing at the Eastern Economic Forum that his country is actively exploring BRICS membership.

“We are interested in becoming a member of BRICS. At present, we are in the process of studying this issue,” Siphandone stated. He emphasized BRICS’ role in helping the Global South reduce reliance on the U.S. dollar, calling it a path toward greater independence that seemed impossible just a decade ago.

Laos is among 45 countries that have signaled interest in BRICS, with 23 already submitting formal applications. The bloc is expected to make expansion decisions by year’s end.

Balancing U.S. Influence and Multipolar Diplomacy
Malaysia’s move carries wider geopolitical significance, particularly as Washington closely monitors developments. Experts suggest Malaysia’s BRICS alignment reflects pragmatic diplomacy amid Trump-era tariffs and intensifying global competition.

Prof. Dr. Azmi Hassan of Nusantara Academy of Strategic Research noted: “Trump has been using tariffs to threaten smaller nations, so it is important that countries like Malaysia, as part of the Global South, have a platform where their voices can be heard.”

For Laos, the bid is both economic and symbolic, marking its intent to align with a rising bloc that offers an alternative to U.S.-led frameworks.

Why This Matters
The parallel membership moves by Malaysia and Laos highlight BRICS’ accelerating influence in Southeast Asia. For Malaysia, strong backing from China cements its path toward formal entry, while Laos’ interest adds to the growing list of nations seeking a seat at the table. Together, these developments underscore BRICS’ evolution into a platform for the Global South to push back against dollar dominance and assert greater multipolar influence.

@ Newshounds News™

Sources: Watcher Guru, Watcher Guru

~~~~~~~~~

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Iraq Economic News and Points To Ponder Saturday Morning 9-6-25

Al-Mandlawi: The United Nations Is A Key Partner In Building The New Iraq.

Friday, September 5, 2025, 18:38 | Politics Number of readings: 77   Baghdad / NINA / The First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, stressed that the legislative authority's firm position is that the United Nations is a key partner in building the new Iraq, praising the mission's effective contributions over the past two decades in the areas of reform and support for national institutions.

His media office stated that "the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, received today, Friday, the Special Representative of the Secretary-General of the United Nations in Iraq and Head of the UNAMI Mission, Mohammed Al-Hassan."

During the meeting, the latest developments on the local and regional arenas were discussed, as well as the role of the international organization in supporting Iraq's stability and promoting political and economic development paths, especially in light of the transitional phase that the United Nations Mission in Iraq is going through.

The First Deputy Speaker of Parliament called on the United Nations to "assume its humanitarian and moral role in stopping the mass killings and starvation war practiced by the usurping Zionist entity against the people of Gaza, stressing that the continuation of these crimes before the eyes of the world without taking a clear official position represents a blatant violation of all international conventions and principles of human justice."

For his part, Mohammed Al-Hassan expressed his appreciation for the ongoing cooperation with the Iraqi authorities, affirming the international organization's commitment to continuing to support Iraq in its reform and development paths.

He pointed to the importance of continuing the partnership between Iraq and the United Nations in a way that enhances regional stability and serves the interests of the region's peoples. https://ninanews.com/Website/News/Details?key=1250174

Iraqi Oil Prices Decline On The Global Market To Around $65.19 Per Barrel.

Economy | 05/09/2025   Mawazine News - Baghdad -  Iraqi oil prices declined on Friday during daily trading in the global market.

According to data, Basra Heavy crude recorded $65.19 per barrel, while the average recorded $68.39 per barrel, with a change of -1.92 for both.

In contrast, the data showed a decline in global crude prices, as British Brent crude recorded $66.89 per barrel, while US West Texas Intermediate crude recorded $63.34 per barrel, with a change of -0.11 and -0.14, respectively.   https://www.mawazin.net/Details.aspx?jimare=266259

Iraq's Oil Exports Rose By 75,000 Barrels Per Day In August.

Buratha News Agency 102 2025-09-05  Iraq's crude oil exports rose by 75,000 barrels per day (bpd) in August, on a monthly basis, marking the third consecutive monthly increase.

Data from the Washington-based Energy Research Unit shows that Iraqi seaborne oil exports rose to 3.457 million barrels per day in August 2025, compared to 3.382 million barrels per day in the previous July.

On an annual basis, Iraqi crude oil exports also increased by more than 63,000 barrels per day, compared to the same month's export rate of 3.394 million barrels per day last year.

Despite the increase over the past three months, Iraq's average seaborne crude oil exports fell to 3.34 million barrels per day (bpd) from January to the end of August 2025, compared to 3.45 million bpd during the same period last year.

Iraq's monthly oil export performance

Iraq's seaborne crude oil exports in August reached their second-highest level since the beginning of the year, according to the following figures:

January: 3.299 million barrels per day.

February: 3.485 million barrels per day.

March: 3.280 million barrels per day.

April: 3.319 million barrels per day.

May: 3.207 million barrels per day.

June: 3.331 million barrels per day.

July: 3.382 million barrels per day.

August: 3.457 million barrels per day.

The above figures show that Iraq's crude oil exports in August recorded the second-highest year-on-year increase since the beginning of the year, exceeding 63,000 barrels per day, compared to the same month's export rate last year of 3.394 million barrels per day.

Iraq's seaborne oil exports increased by 132,000 barrels per day (bpd) year-on-year in February, the highest rate of increase since the beginning of the year, compared to the 3.354 million bpd exported in the corresponding month last year.

While May recorded the highest annual decline since the beginning of the year, reaching 357,000 barrels per day, compared to the same month's exports last year, which amounted to 3.563 million barrels per day.

Iraq's oil exports until August 2025

It's worth noting that eight OPEC+ countries, including Iraq, have decided to reinstate the voluntary production cuts of 2.2 million barrels per day (bpd) to the market since last April. The production ceiling will be gradually raised to 547,000 bpd by September 2025, when the cuts will be phased out.

The largest importers of Iraqi oil

Led by China, Asian countries continued to receive the majority of Iraq's seaborne crude oil exports during August, as follows:

China: 1.43 million barrels per day.

India: 958,000 barrels per day.

South Korea: 226,000 barrels per day.

China's imports of Iraqi oil jumped by 331,000 barrels per day in August, compared to the previous month's export rate of 1.099 million barrels per day.

India's imports of Iraqi crude oil also rose last month by more than 209,000 barrels per day (bpd), compared to July's 749,000 bpd.

In the same context, Baghdad exported 271,000 barrels of oil per day in August of unknown destinations, with most of this estimated to go to Beijing, following updated data.

In contrast, Iraq's oil exports to South Korea declined by 219,000 barrels per day in August, compared to the previous month's exports of 445,000 barrels per day.

US imports of Iraqi oil jumped last month to 159,000 barrels per day, compared to more than 96,000 in July, an increase of 63,000 barrels per day.  https://burathanews.com/arabic/economic/464689

Suspicions Of Import From The UAE... Economist Calls For Gold Automation In Iraq

Economy |  05/09/2025  Mawazine News - Baghdad -  Economic expert, Manar Al-Obaidi, revealed on Friday suspicions of gold imports from the United Arab Emirates, calling for the complete automation of the gold sector in all its stages.

Al-Obaidi said in a post on his Facebook account, followed by Mawazine News, that "official data issued by the UAE Statistics Authority indicate that the volume of UAE exports to Iraq amounted to approximately $33 billion in 2024, distributed as follows: $12.8 billion in precious metals, mostly gold; $6.3 billion in electronic devices, the largest portion of which is mobile phones; $5.1 billion in cars; in addition to $2.3 billion in electrical and mechanical devices."

He added, "In comparison, the UAE's exports to Iraq in 2023 did not exceed $23 billion, of which gold accounted for only $3.2 billion." Explaining that "this significant increase in gold imports during 2024 raises legitimate questions, especially considering that one of the most important reasons is the use of gold as an alternative tool for financial settlements in trade with some countries, in addition to its ease of liquidity in markets and its use in various financial transactions."

Al-Obaidi asked, "Where were these massive gold imports financed? Were they fully covered by transfers from the Central Bank of Iraq?" He explained that "if this is the case, it is despite the regulatory system implemented since 2023, which limited the ability of dozens of Iraqi banks to conduct external transfers and focused monitoring on the remaining banks, thus requiring stricter monitoring of trade finance operations."

The economic expert said, "If the purchase of gold was financed outside the Iraqi banking system, then what is the source of this money and why was it used to purchase gold and export it to Iraq?"

He pointed out that "data for the first quarter of 2025 indeed indicates a sharp decline in UAE gold exports to Iraq by 52% compared to the same period the previous year. However, the reasons for the significant jump in 2024 and subsequent decline in 2025 remain unclear, which calls for a serious pause.

The fact that more than 12% of Iraq's total imports go to cover gold imports requires careful monitoring, starting with identifying the sources of financing for this commodity, through its transport channels and the ports through which it entered the country, and ending with the identities of importers and the uses of this gold.

" The economic expert stressed the "need for economic policies to move towards fully automating the gold sector in all its stages, and to prohibit transactions except through monitored electronic payment channels, which allows tracking of sales and purchases and identifying the ultimate beneficiary of these large quantities.

The goal is not only to meet Iraq's actual need for gold, but also to prevent its use for purposes that could harm the national economy and undermine confidence in the Iraqi banking system."   https://www.mawazin.net/Details.aspx?jimare=266268

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

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US Regulators Push Forward 24/7 Markets, Crypto Oversight, and Cross-Border Enforcement

SEC and CFTC ramp up regulatory coordination under Trump’s digital economy agenda

A Shift Toward Always-On Markets
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint statement exploring the possibility of 24/7 capital markets, signaling a profound shift in the structure of U.S. financial trading.

The regulators noted that scaling onchain finance and crypto derivatives requires a trading cycle that matches the global, always-on nature of digital assets. Key priorities include:

• Crafting rules for event contracts and perpetual futures (futures without an expiry date).

• Considering asset-class-specific approaches rather than a one-size-fits-all model.

• Assessing the risks of increased overnight exposure for traders.

“Further expanding trading hours could better align U.S. markets with the evolving reality of a global, always-on economy,” the joint statement explained.

Trump Administration’s Digital Economy Blueprint
The initiative builds on President Donald Trump’s July crypto report, which called for interagency cooperation in regulating the sector. Under this framework:

• The CFTC would oversee spot crypto markets.

• The SEC would maintain jurisdiction over tokenized securities.

• Offshore exchanges could apply to serve U.S. clients through the long-standing Foreign Board of Trade (FBOT) framework.

The report also highlighted the importance of developing quantum-resistant architecture to protect financial and military-grade cryptography from the threat of quantum computing. The SEC’s Crypto Assets Task Force is reviewing proposals to integrate such protections into digital assets.

Cross-Border Task Force Targets Global Fraud
Alongside the 24/7 market push, SEC Chair Paul Atkins announced the launch of the Cross-Border Task Force, designed to consolidate investigative efforts against fraud involving foreign-based companies.

The task force will prioritize enforcement against pump-and-dump and other manipulative schemes that exploit international borders to evade U.S. investor protections.

“We welcome companies from around the world seeking access to the U.S. capital markets. But we will not tolerate bad actors … that attempt to use international borders to frustrate and avoid U.S. investor protections,” Atkins said.

Toward Regulatory Harmonization
In a joint initiative, the SEC and CFTC also announced a September 29 roundtable on regulatory harmonization, aimed at aligning oversight of digital assets and trading platforms.

“By harmonizing our regulatory frameworks, leveraging exemptive authorities, and collaborating on innovative products and trading platforms, the two agencies could unlock new opportunities for market participants … and solidify the United States as the global leader in crypto and blockchain technology,” the agencies noted.

Why This Matters
The SEC and CFTC’s coordinated agenda points toward a future where U.S. financial markets operate 24/7, crypto trading enjoys clearer oversight, and cross-border enforcement strengthens investor protections. Taken together, these moves signal Washington’s intent to secure U.S. leadership in the digital economy while tightening the net around global bad actors.

@ Newshounds News™
Sources:  CoinTelegraph, CoinPedia

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Senate Crypto Bill Clarifies Tokenized Stocks Will Remain Securities

Lawmakers seek to preserve regulatory clarity as tokenization expands into traditional finance

A Key Provision on Tokenized Assets
The U.S. Senate has added a crucial clause to its crypto market structure bill confirming that tokenized stocks will remain classified as securities. The move preserves their compatibility with existing financial frameworks, including broker-dealer systems, clearinghouses, and trading platforms.

The clarification avoids confusion over whether tokenized equities could fall under commodities regulation. By keeping stocks under securities law, the Senate aims to ensure that blockchain-based financial instruments remain consistent with long-standing market rules.

“We want this on the president’s desk before the end of the year,” said Senator Cynthia Lummis of Wyoming, one of the bill’s lead sponsors.

Splitting Oversight Between SEC and CFTC
The legislation, dubbed the Responsible Financial Innovation Act of 2025, also defines the jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC):

• The SEC will regulate digital assets that function as securities.

• The CFTC will oversee commodities-related digital assets.

Lummis noted that the Senate Banking Committee is expected to vote this month on SEC-related provisions, followed by the Agriculture Committee’s review of CFTC oversight in October. A full Senate vote could occur as early as November.

Although the bill does not yet have broad Democratic support, bipartisan negotiations are ongoing. “There have been efforts to pair Democrats and Republicans on certain sub-issues within the bill,” Lummis explained.

Industry Push for Developer Protections
Crypto firms and advocacy groups are pressing lawmakers to add protections for developers and non-custodial service providers.

In August, a coalition of 112 companies and investors — including Coinbase, Kraken, Ripple, a16z, and Uniswap Labs — urged the Senate to ensure that outdated rules do not misclassify software developers as financial intermediaries.

Citing research from Electric Capital, the group warned that the U.S. share of open-source blockchain developers has already fallen from 25% in 2021 to 18% in 2025, highlighting the risks of regulatory uncertainty driving talent overseas.

Why This Matters
By reaffirming that tokenized stocks remain securities, lawmakers are reinforcing the bridge between blockchain innovation and traditional finance. At the same time, industry pressure underscores the need for balanced regulation that protects investors without stifling innovation or driving developers out of the U.S.

@ Newshounds News™
Source: CoinTelegraph

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