Iraq Among Top Three OPEC+ Producers Under May 2026 Quotas

2026-04-06 Shafaq News- Baghdad   Iraq is set to produce 4.326 million barrels per day in May 2026, ranking third among OPEC+ producers under the alliance’s approved output quotas for the month.

Saudi Arabia is expected to lead with 10.228 million barrels per day, followed by Russia at 9.699 million barrels per day, while the UAE is set to produce 3.447 million barrels per day, Kuwait 2.612 million barrels per day, Kazakhstan 1.589 million barrels per day, Algeria 983,000 barrels per day, and Oman 821,000 barrels per day.

Good Afternoon Dinar Recaps,

Trump’s $1.5T Defense Surge | War Pressures Reshape U.S. Spending Priorities

Massive military expansion collides with domestic cuts and rising debt concerns

Scott Bessent Says ‘Very Large Refunds’ Are Coming, With $150B Heading Into American Accounts. Do this with yours now

Jing Pan    Sun, April 5, 2026   Moneywise

Working Americans will soon see a sizable financial boost in the form of a tax refund — and not a moment too soon, as economists are predicting higher inflation rates this year due to the impact of the war in Iran on energy prices (1).

Thanks to changes tied to President Donald Trump’s One Big Beautiful Bill Act, up to $100 billion in tax refunds could hit bank accounts in the first quarter of 2026 (2).

Good Morning Dinar Recaps,

Dollar Surges as Gold Retreats: Safe Haven Dynamics Begin to Shift

Strong U.S. Data and Rising Yields Reshape Global Capital Flows

Iraq Will Be The Fifth Largest Arab Economy In 2026, With Expectations Of Continued Growth Until 2030.

Money and Business   Economy News - Follow-up    The International Monetary Fund announced on Monday that Iraq ranked fifth among Arab countries in terms of the largest economies for 2026, according to GDP data based on purchasing power parity (PPP).   The Fund stated in its report that Iraq recorded a gross domestic product of $739.13 billion, ranking 44th globally.

Good Afternoon Dinar Recaps,

Central Banks Pause, Credit Stress Builds, and Bond Yields Climb in Fragile Global Shift

A synchronized “wait-and-watch” moment across global finance signals deeper structural pressure beneath the surface

Happy Easter Dinar Recaps,

De-Dollarization Accelerates as BRICS Yuan Oil Trade Challenges the Petrodollar

Global energy markets begin shifting settlement power away from the U.S. dollar

How Are The Central Bank's Foreign Reserves Distributed?

Banks    Economy News – Baghdad   Economic expert Nabil Al-Marsoumi revealed the distribution of foreign reserves of the Central Bank of Iraq at the end of 2025, where the total foreign reserves amounted to $97.432 billion.

According to the distribution, $24.221 billion of the reserve was allocated to gold held at the London Gold House, while the volume of US Treasury bonds amounted to $42 billion.

Good Afternoon Dinar Recaps,

Jobs Report Signals Cooling Labor Market as Wage Pressures and Participation Shift

Latest employment data reveals subtle but important changes in labor strength, wage growth, and economic momentum

Iraq Loses 3,500 MW As Iran Gas Supplies Drop

2026-04-04  Shafaq News- Baghdad  A sharp drop in Iranian gas supplies has cut Iraq’s electricity generation by about 3,500 megawatts, the Electricity Ministry said on Saturday, attributing the decline to the ongoing US-Israeli war on Iran.

Ministry spokesperson Ahmed Moussa told Shafaq News that imports have fallen to around five million cubic meters per day —down from 19 million previously— while Iraq typically needs about 30 million cubic meters daily, making the current supply “very low.”