Iraq Economic News and Points To Ponder Saturday Afternoon 7-18-26

Minister Of Finance: The Praise Of The International Monetary Fund For Economic Reforms Reflects International Confidence In Iraq

Money and business   Economy News – Baghdad    Finance Minister Faleh Sari said that the meeting between the government delegation, headed by Prime Minister Ali al-Zaidi, with the head of the International Monetary Fund, Kristalina Georgieva, in Washington, D.C., represents an important milestone in strengthening the partnership between Iraq and the International Monetary Fund, and supporting the path of economic and financial reforms implemented by the government.

The minister pointed out that the praise of the head of the Fund for the reform measures adopted by the Iraqi government, especially in the areas of financial reform, combating corruption, and diversifying sources of income, reflect the growing international confidence in the Iraqi economy and the steps taken by the government to build a more diversified and sustainable economy.

He added that the Ministry of Finance is continuing to implement its reform programs, in coordination with national authorities and international partners, in order to enhance financial stability, raise the efficiency of public financial management, support the investment environment, and enable the private sector to play a greater role in achieving sustainable economic development https://www.economy-news.net/content.php?id=71529 

Iraq Is Ready To Export Rebar

Money and business   Economy News – Baghdad   The Ministry of Industry and Minerals announced on Saturday its readiness to equip the public and private sectors with rebar, while noting that the production of rebar conforms to international specifications confirmed its readiness for export.

The Director General of the General Company for Iron and Steel, one of the formations of the Ministry of Industry and Minerals, Abbas Mohammed Sayhud al-Asadi, said that "the company is ready to equip government departments, private sector companies and citizens with its products of rebar conforming to international specifications," stressing "the company's readiness also to export rebar outside Iraq."

He added that "the company has accumulated production capacities and expertise that qualifies it to meet the needs of the local market of rebar in various measurements, starting from (8 mm) to (32 mm), according to the customer's request, while adhering to the approved international specifications."

Al-Asadi added that "the company is ready to equip state institutions, the private sector and citizens, as well as its readiness to export its products to foreign markets, based on the distinguished reputation enjoyed by its products and high quality, which it has gained over more than four decades of production," pointing out that "the company enjoys a strategic location in the province of Basra near the ports of Iraq in Khor Al-Zubair, and is one of the oldest iron and steel companies in Iraq and the region, as it was established in 1978. "

He explained that "the company's factories have witnessed comprehensive modernization operations using technologies and equipment from global origins, in line with the recent developments in the iron and steel industry, while its design capacity is more than (500) thousand tons per year," stressing that "the company is continuing to implement its development plans through the establishment of modern production lines during the next phase, which contributes to increasing production capacity and enhancing the company's ability to meet local demand and expand in foreign markets."

He pointed out that "the company includes specialized engineering and technical cadres with high expertise and competencies, which contributed to maintaining the quality of the national product and enhancing its position in the market, while continuing to work on the development of performance and production in accordance with the latest industrial standards

https://www.economy-news.net/content.php?id=71522 

Sponsored By Zaidi. Signing 48 Agreements, Memorandum Of Understanding And Economic Cooperation Between Iraq And The United States

Money and business    Economy News — Baghdad   Prime Minister Ali Faleh al-Zaidi, on Friday evening, the signing of 48 agreements and memorandums of understanding and economic cooperation between Iraq and the states.

A statement by the Prime Minister's Information Office said that "the Prime Minister sponsored the signing of (48) agreements, memorandum of understanding, cooperation and declaration of partnership between the various public and private sectors in Iraq and the United States of America, which establishes a clear path of economic and financial cooperation between the two countries, and moves the relationship to an advanced level of exchange that is in the interest of both parties."

The statement added that "the agreements and memorandums of understanding included cooperation and partnership between the ministries of oil and electricity and their companies and other government sectors, and each of Aixon Mobil, KBR, GE Vernova, Shell, and Halliburton, as well as a cooperation agreement and the introduction of service between Starlink and the Media and Communications Authority, and an agreement to cooperate with Halliburton."

He added that "the agreements signed between the two sides, also included a memorandum of understanding between Kisslite Technology and the Iraqi private sector, as well as PepsiCo, and a number of companies with regard to the extension of oil pipelines to Baniyas on the Mediterranean Sea, agreements for partnership in the field of education, and agreements between the private sector in the field of supply and manufacture of medicines."

He pointed out that the agreements included memorandums of understanding with KBR, UOP, Polaris, the Association of Energy Engineers (AEE), the leading electronic network company PPTA, two agreements with Freto Lai to develop the agricultural sector, and partnership with companies specialized in the agricultural, commercial and industrial fields

https://www.economy-news.net/content.php?id=71518 

Media Authority: Iraq Has Achieved The Highest Material Return From Its Agreement With Starlink In The Region

Money and business   Economy News - Follow-up  The head of the executive body of the Media and Communications Authority, Bligh Abu Kall, confirmed today that Starlink has officially started its work in the Iraqi market, while pointing out that users of old devices that were previously working illegally are not held accountable.

Abu Kall said that "Starlink is as of today an official company operating in the Iraqi market, and will start the procedures for the sale of devices and the mechanism of activation of the system in full."

He added that "the old devices that were previously operating illegally will be transferred to the Iraqi system, and there will be no accountability against its users," noting that "this step represents an important development in the organization of the service inside Iraq."

He pointed out that "the Information and Communications Commission was keen to establish controls to ensure the maintenance of Iraqi security and sovereignty, both at the technical and security level, in addition to the preparation of a regulation commensurate with the specificity of Iraq and ensure its rights in various sectors."

Abu Kalal explained that "Iraq will achieve the highest material return from Starlink at the level of the region, and perhaps globally, which reflects the nature of the agreement with the company and guarantees the rights of the Iraqi state

https://www.economy-news.net/content.php?id=71536 

Samawa Railways Rehabilitate 10 Giant Tanks To Strengthen National Transport Fleet

Money and business     Economy News – Baghdad  In the Middle Euphrates (Samawa) region of the rehabilitation of a new batch of basin vehicles dedicated to the transport of oil derivatives, stressing that this step represents a technical victory that contributes to enhancing transport capabilities and supporting the national energy sector

The general manager of the company, Dr. Makki Jaber, said in a statement received by "Zagora News" that "the loyal staff in Samawah was able to restore life to more than 10 basin vehicles of the type (FZB) that had been systematically sabotaged by terrorist groups after 2014," noting that "work continued even on holidays to ensure the speed of completion and provide the fleet with new units ready to work immediately."

The most prominent details of the artistic achievement in the Middle Euphrates Railway:

Rehabilitation: Maintenance and repair of more than 10 FZB-type pelvic vehicles were completely out of service.

Technical Specifications: The work included maintenance of structures, wheels, and advanced safety systems according to the approved technical standards.

Economic support: The vehicles are fully ready to travel towards oil refineries, which contributes to increasing the transport capacity of derivatives.

The Challenge of Terrorism: Successful transformation of destroyed and subversive units into productive assets that support vital sectors in the country.

Jaber stressed that "these works come to enhance the company's capabilities and rely on national expertise in maintenance and reconstruction," stressing that "the railways are continuing in its comprehensive plan to modernize its entire fleet to ensure the provision of solid transport services that contribute to the advancement of economic development

https://www.economy-news.net/content.php?id=71531 

MilitiaMan & Crew- IRAQ DINAR UPDATE-Iraq - Washington Visit - Delivers the Goods! IMF-In town!

MilitiaMan & Crew- IRAQ DINAR UPDATE-Iraq - Washington Visit - Delivers the Goods! IMF-In town!

7-18-2026

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.

Follow MM on X == https://x.com/Slashn

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=oyZflBPeCPs

Iraq Economic News and Points To Ponder Saturday Morning 7-18-26

US Clears Seven Iraqi Banks For Dollar Transactions

026-07-18 06:06   Shafaq News- Washington/ Baghdad  Seven Iraqi banks have been cleared to resume correspondent banking relationships in foreign currencies, after meeting compliance and governance requirements, which Prime Minister Ali Al-Zaidi on Saturday hailed as “an important step” in Iraq’s banking reform program.

Al-Zaidi said the agreement between the Central Bank of Iraq and the US Treasury Department would “strengthen confidence” in Iraqi lenders, attract investment, and support economic growth.

Read more: Iraq-US investment deals depend on implementation

The step will renew US dollar transactions after US authorities had restricted Iraqi lenders for years over compliance concerns. According to the Eco Iraq economic observatory, 35 of Iraq’s 72 operating banks had lost access to US dollar transactions by August 2025. The affected institutions included Al-Janoob Islamic Bank, one of the country’s largest private lenders, previously chaired by Al-Zaidi before becoming prime minister.

Read more: Sovereignty strain: US sanctions trigger Iraq's liquidity nightmare

https://x.com/AliFalihAlzaidy/status/2078402103328883173?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2078402103328883173%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fshafaq.com%2Fen%2FEconomy%2FUS-clears-seven-Iraqi-banks-for-dollar-transactions

Dollar Edges Up In Baghdad And Erbil

2026-07-18 04:12  Shafaq News- Baghdad/ Erbil  The US dollar opened Saturday’s trading higher in Iraq, hovering around 153,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 153,250 dinars per 100 dollars, up from the previous session’s 153,000 dinars.

In the Iraqi capital, exchange shops sold the dollar at 153,750 dinars and bought it at 152,750 dinars, while in Erbil, selling prices stood at 153,250 dinars and buying prices at 153,150 dinars.

https://www.shafaq.com/en/Economy/Dollar-edges-up-in-Baghdad-and-Erbil

Gold Steadies In Baghdad And Erbil Markets

2026-07-18 05:08 Shafaq News- Baghdad/ Erbil  On Saturday, gold prices hovered around 860,000 IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 862,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 858,000 IQD, unchanged from Thursday.

The selling price for 21-carat Iraqi gold stood at 832,000 IQD, while the buying price reached 828,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 860,000 and 870,000 IQD, while Iraqi gold sold for between 830,000 and 840,000 IQD.

In Erbil, 22-carat gold was sold at 915,000 IQD per mithqal, 21-carat gold at 874,000 IQD, and 18-carat gold at 749,000 IQD.

https://www.shafaq.com/en/Economy/Gold-steadies-in-Baghdad-and-Erbil-markets

Basrah Crudes Jump 10%+ For The Week

2026-07-18 02:44 Shafaq News- Basrah  Iraq’s Basrah crude prices rose more than 12% over the past week, outperforming several major global oil benchmarks.

Basrah Heavy crude fell by $1.94 in its latest trading session to $54.89 per barrel, a daily decline of 3.41%, but recorded weekly gains of $6.62, or 12.06%. Basrah Medium crude also dropped by $1.94 to settle at $57.19 per barrel, down 2.78% on the day, while posting weekly gains of $7.42, or 12.84%.

Brent crude futures settled at $87.68 per barrel, gaining $3.45, or 4.10%. US West Texas Intermediate (WTI) closed at $82.10 per barrel, up $3.99, or 3.15%, compared with the previous week. https://www.shafaq.com/en/Economy/Basrah-crudes-jump-10-for-the-week

Iraq Approves Starlink For Satellite Internet Services

2026-07-17 18:59 Shafaq News- Washington  Iraq has officially granted Starlink a license to provide satellite internet services, as Baghdad seeks to expand connectivity options and improve access to high-speed internet, the Communications and Media Commission (CMC) reported on Friday.

The agreement was signed at the US Chamber of Commerce in Washington during a ceremony attended by Iraqi Prime Minister Ali al-Zaidi and CMC Executive Chairman Baligh Abu Kalal.

According to the CMC, Starlink's entry into Iraq is expected to give consumers and businesses more choices for internet access, particularly in remote areas where infrastructure remains limited. The service could also support investment and advance the country's broader digital transformation efforts.

Operated by SpaceX, Starlink delivers internet service through a network of low Earth orbit satellites, extending connectivity to areas where traditional broadband infrastructure is limited or unavailable.

Earlier today, Shafaq News learned that Iraq will sign 48 agreements and memoranda of understanding (MoUs) with the US government, international companies, and global institutions, with energy, infrastructure, and technology projects accounting for the largest share of the package.

Al-Zaidi praised the expanding economic ties with the United States, describing the recently signed arrangements as a sign of growing confidence between Baghdad and Washington.

Read more: Al-Zaidi's Washington visit links US oil investment to September disarmament deadline

https://www.shafaq.com/en/Economy/Iraq-approves-Starlink-for-satellite-internet-services

Full List: Firms, Details Of PM Al-Zaidi’s US Deals

2026-07-17 16:53 Shafaq News- Washington  Iraq will sign 48 agreements and memoranda of understanding (MoUs) with the US government, international companies and global institutions, with energy, infrastructure and technology projects accounting for the largest share of the package, Shafaq News learned on Friday.

According to an official list, major global energy companies account for a significant portion of the planned arrangements, including Chevron, Shell, BP, ConocoPhillips, Halliburton, Excelerate Energy, HKN Energy and GE Vernova, alongside Iraq’s KAR Group.

The package also features technology and telecommunications partnerships with companies such as Starlink and Cisco, financial cooperation with JPMorgan, and healthcare initiatives involving Abbott and Thermo Fisher Scientific.

Other planned projects cover education, institutional accreditation, real estate development, food industries and investment ventures involving US and international companies.

The list includes an agreement between the Iraqi and Syrian governments, a memorandum of understanding with the American University of Iraq-Baghdad and PepsiCo, as well as cooperation frameworks with firms specializing in engineering, infrastructure and energy.

It also outlines a partnership between the US-Iraq Business Council (USIBC) and the Federation of Iraqi Chambers of Commerce.

Earlier today, Iraq’s Prime Minister Ali al-Zaidi praised expanding economic ties with the United States, describing the recently signed arrangements as a sign of growing confidence between Baghdad and Washington.

Al-Zaidi, who began his first official foreign visit since taking office on July 13, has held talks with US President Donald Trump and senior American officials on security cooperation, investment, energy and economic partnerships. The discussions also covered the future of the US military presence following the conclusion of the Global Coalition’s mission, as well as Iraq’s commitment to placing all weapons under state control by the end of September.

Read more: Iraq-US investment deals depend on implementation

https://www.shafaq.com/en/Economy/Full-list-Firms-details-of-PM-Al-Zaidi-s-US-deals

Seeds of Wisdom RV and Economics Updates Saturday Morning 7-18-26

Good Morning Dinar Recaps,

Federal Reserve Accelerates Stablecoin Rules as Digital Dollar Framework Takes Shape

Federal regulators are moving quickly to finalize the next phase of America's digital finance framework, reinforcing the growing role of regulated stablecoins in the future global financial system.

 Overview

• The Federal Reserve is working to release proposed stablecoin regulations, meeting the deadline established under the GENIUS Act.

• The rules are expected to strengthen the legal framework for payment stablecoins, supporting faster digital payments while protecting consumers and financial stability.

• The move signals continued modernization of the U.S. financial system as governments worldwide compete to shape the future of digital money.

Key Developments

1. Federal Reserve Nears Stablecoin Rule Release

Federal Reserve officials confirmed they are working to publish proposed regulations governing payment stablecoins. The rules are expected to establish standards for reserves, issuer oversight, consumer protections, and operational requirements before becoming final.

2. Digital Dollar Infrastructure Continues Expanding

Rather than creating a central bank digital currency, policymakers are focusing on regulated private-sector stablecoins backed by U.S. dollars and high-quality reserve assets. Supporters believe this approach preserves dollar leadership while encouraging financial innovation.

3. Cross-Border Payments Could Become Faster

Stablecoins continue gaining attention because they can settle international transactions almost instantly while reducing costs compared to traditional correspondent banking systems. Regulators hope clear rules will encourage broader institutional adoption without increasing systemic risk.

Why It Matters

The United States is moving beyond debating digital assets toward building the regulatory foundation for next-generation financial infrastructure. Stablecoins are increasingly viewed as an important component of modern payment systems that could improve efficiency while reinforcing the U.S. dollar's role in global commerce.

 Why It Matters to Foreign Currency Holders

For foreign currency holders following the Global Financial Reset narrative, this development is another indication that financial modernization continues alongside existing monetary systems. While stablecoin regulation does not indicate an imminent currency revaluation, it does demonstrate that governments are building new payment rails that could eventually support faster international settlement, greater financial transparency, and expanded digital asset integration.

Implications for the Global Reset

• Pillar 2: Trade

Modernized payment infrastructure could significantly improve cross-border settlement, reducing transaction costs and increasing efficiency in international commerce.

• Pillar 4: Technology

The development of a comprehensive stablecoin framework reflects the continued digitization of global finance, positioning regulated digital dollars as an increasingly important component of future payment systems.

As governments modernize financial infrastructure, digital payments are becoming an increasingly important part of the evolving global monetary landscape. While today's actions focus on regulation rather than replacing existing currencies, they illustrate how financial innovation continues to reshape international commerce and cross-border settlement.

This is not simply about cryptocurrency—it reflects the broader transformation of the global financial system as digital payments, regulated stablecoins, and modern settlement networks increasingly shape the future of world finance.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

1. Reuters — Federal Reserve racing to release stablecoin rules under GENIUS Act

2. Reuters — IMF looks forward to engaging with Fed on communications and forward guidance review

~~~~~~~~~~

 🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:   • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Late Friday Evening 7-17-26

U.S. Energy Secretary: We Are Working with Iraq to Build a Future Based on Investment and Prosperity  

Iraqi News Ahency (INA)    Friday,  July 17, 2026 / Washington - INA – U.S. Energy Secretary Chris Wright said on Friday that Iraq has significant opportunities to achieve development and strengthen its strategic partnership with the United States.  

Speaking at a business conference hosted by the U.S. Chamber of Commerce and attended by an Iraqi News Agency correspondent, Wright said the Iraqi representatives participating in the event "represent the driving force behind investment and partnerships with Iraq, namely the Iraqi government and companies."  

"There is tremendous potential for progress in Iraq, including increasing oil production, advancing freedom and prosperity, and providing abundant energy for the Iraqi people," he added.  

He said the private sector is the key driver of that progress through capital investment, technology transfer, and bringing skilled talent to Iraq to accelerate development and deepen the strategic partnership with the United States.  

Wright said Prime Minister Ali Al-Zaidi had recognized Iraq's need for a partnership with the United States and for creating a business environment that would bring peace and prosperity to the Iraqi people.  

"I am delighted to stand here today and witness the signing of agreements and partnerships, along with commitments to major investments in Iraq," he said.  

Wright described the day as "a turning point" in the relationship between Iraq and the United States, saying it marked an important moment in ties between "one of the world's oldest, proudest, and most influential nations in shaping the world as we know it today—Iraq—and the United States of America."  

He added, "I extend my sincere welcome to Iraqi Prime Minister Ali Al-Zaidi, who chose the United States for his first official foreign visit as prime minister. He recognized that Iraq's most important relationship in the coming period will be with the United States."  

Wright also expressed his appreciation to Prime Minister Al-Zaidi, praising "his leadership and determination to transform Iraq and achieve stability, peace, and prosperity."    

https://ina.iq/en/politics/50501-us-energy-secretary-we-are-working-with-iraq-to-build-a-future-based-on-investment-and-prosperity.html

World Bank President To Al-Zidi: We Are Ready To Support Iraq In Preparing A Program Budget

Money and Business     Economy News — Baghdad   The President of the World Bank Group/WBG, Ajay Banga, affirmed the readiness to support Iraq in preparing its program budget.

The Prime Minister’s office stated in a statement received by (Al-Rabia) that “Prime Minister Ali Faleh Al-Zaidi met in Washington on Wednesday evening, Baghdad time, with the President of the World Bank Group/WBG, Ajay Banga, and his accompanying delegation, which included the President of the International Finance Corporation/IFC, Mr. Mukhtar Diop, and a number of senior World Bank officials.”

During the meeting, Al-Zaydi stressed that “Iraq is witnessing a high level of stability today, which will positively affect the economic and investment situation,” indicating that “the Iraqi economy will achieve clear growth in light of the policies and reforms that the government has begun to implement.”

He pointed out that "the government is paying special attention to reforming the banking sector and preparing a program budget, in order to ensure that resources are directed efficiently towards achieving development and drawing a new economic identity for Iraq, based on diversification, reform and sustainability," stressing "working to increase oil production to meet the requirements of development, in parallel with developing non-oil sectors and enhancing their contribution to the national economy."

He explained that "the government is proceeding with the establishment of the Development Fund, which will finance investment projects in all governorates, and expand the scope of financing available to qualified Iraqi banks, in addition to supporting and empowering the Iraqi private sector to be a key partner in the development process."

For his part, World Bank President Ajay Banga expressed his admiration for "what Iraq has achieved recently in consolidating stability and peace," stressing that "Iraq has good potential and resources capable of bringing about a broad economic transformation, if they are properly invested."

Banga expressed the World Bank's "readiness to provide technical and advisory support to Iraq in the areas of program budgeting and banking sector restructuring."

He also called for "studying the formation of a large Iraqi banking holding company by merging a number of government banks, which would contribute to enhancing the efficiency of the financial sector and supporting the path of economic reform."

https://www.economy-news.net/content.php?id=71442

Prime Minister Receives Representatives Of Jpmorgan In Washington

Iraqi News Ahency (INA)  Friday, July 17, 2026  Baghdad - INA - 7/17/2026   Prime Minister Ali Faleh Al-Zaidi received representatives of JPMorgan in Washington.  

The Media Office of the Prime Minister said in a statement, received by the Iraqi news agency-INA that “Prime Minister Ali Faleh Al-Zaidi Received representatives of JPMorgan in Washington and agreed on the opening of a Bank Branch in Iraq to Finance Projects Implemented by U.S. Companies.”    

https://ina.iq/en/politics/50507-prime-minister-receives-representatives-of-jpmorgan-in-washington.html

Prime Minister Receives CEO of U.S. Excelerate Energy in Washington

Iraqi News Agency (INA)  Friday, July 17, 2026  Baghdad - INA - 7/17/2026   Prime Minister Ali Faleh Al-Zaidi received the Chief Executive Officer of Excelerate Energy in Washington.  

The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA) that “Prime Minister Ali Faleh Al-Zaidi received today, Friday, in Washington, D.C., the Chief Executive Officer of Excelerate Energy. During the meeting, the two sides agreed to launch the implementation of the floating gas terminal project in Khor Al-Zubair.  

  https://ina.iq/en/politics/50506-prime-minister-receives-ceo-of-us-excelerate-energy-in-washington.html

Prime Minister Receives Starlink CEO in Washington

  Iraqi News Agency (INA)  Friday, July 17, 2026 Baghdad - INA - The Prime Minister Ali Falih Al-Zaidi met on Friday with the Chief Executive Officer of Starlink in Washington, D.C.  

The Prime Minister's Media Office said in a statement, received by the Iraqi news agency –INA that “Prime Minister Ali Faleh Al-Zaidi received today, Friday, at his residence in Washington, D.C., the Chief Executive Officer of Starlink, whose company is preparing to launch operations in Iraq following its licensing by the Communications and Media Commission (CMC)”.  

https://ina.iq/en/politics/50504-prime-minister-receives-starlink-ceo-in-washington.html

Prime Minister Meets with CEOs of US Companies HKN, GE Vernova, and Vantive    in Washington  

Iraqi News Agency (INA)  Friday, July 17, 2026  Baghdad - INA - Prime Minister Ali Faleh al-Zaidi met on Friday with the CEOs of US companies HKN, GE Vernova, and Vantive in Washington, D.C., on the sidelines of the US Chamber of Commerce conference.  

The Prime Minister's Media Office stated in a statement received by the Iraqi News Agency (INA) that "Prime Minister Ali Faleh al-Zaidi met separately with the CEOs of the US companies HKN, GE Vernova, Vantive, Google, and Commerce PLC, on the sidelines of the US Chamber of Commerce conference in Washington."    

https://ina.iq/en/politics/50498-prime-minister-meets-with-ceos-of-us-companies-hkn-ge-vernova-and-vantive-in-washington.html

US Envoy: Iraq Can Anchor Regional Security, Trade Corridor

2026-07-17 / 10:24 Shafaq News- Washington   US Presidential Envoy to Iraq Tom Barrack said on Friday that Iraq is leading a new regional security and strategic framework by linking the Gulf, the Levant, Turkiye, and Egypt through economic and infrastructure cooperation.

  Speaking at the US-Iraq Business Summit in Washington, Barrack noted that diplomacy, intelligence, and military strategies often follow the private sector, labeling business leaders as the "best diplomats" in advancing energy, electricity, and regional connectivity projects.

"This project will shift dependence away from maritime shipping through the Strait of Hormuz toward overland routes and integrated logistics networks, reducing the strategic importance of the strait within two years.”

  He also highlighted the importance of the "Middle Corridor," which stretches from Turkiye and Azerbaijan through Central Asia, saying it could transport vast quantities of natural gas to Europe. He described regional trade integration as "the real alternative" to military conflict.

  Barrack criticized previous foreign policies toward the region, saying intervention and efforts to change governments had failed and that the region needs strong leaders with clarity and transparency to achieve prosperity.

  He expressed confidence in Iraqi Prime Minister Ali Al-Zaidi's leadership and urged American and international businesses to support investment in Iraq, stressing, “such backing could help transform two decades of instability into a lasting security and economic partnership.”

  Read more: Iraq-US investment deals depend on implementation

  https://shafaq.com/en/Iraq/US-Envoy-Iraq-can-anchor-regional-security-trade-corridor

The Economy is on the Brink of Collapse

The Economy is on the Brink of Collapse

WTFinance:  7-16-2026

While the stock market may hit new highs and GDP figures appear positive, the reality inside the average household often tells a different story.

To navigate this paradox, expert Eric Basmajian recently shared his “four economy framework” on the WTFinance YouTube channel, providing a roadmap for understanding how the modern economy truly functions beyond the surface-level headlines.

Basmajian’s framework categorizes economic indicators into four specific layers: leading, cyclical, aggregate, and lagging variables. By observing how these layers interact over the duration of a business cycle, we gain a clearer picture of reality.

Currently, headline metrics like unemployment figures and GDP growth suggest a robust economy. However, these are often “lagging” indicators. When we pivot our focus to “leading” indicators—such as the housing market—we see significant signs of weakness that suggest the broader business cycle is under mounting pressure.

One of the most structural shifts in the current landscape is the influence of government fiscal policy. Massive budget deficits, primarily driven by entitlement spending, are indirectly propping up corporate profit margins.

When the government injects this capital into the system, it fuels household consumption, which in turn flows back to large corporations. Combined with increased market concentration and monopolistic power, companies are maintaining historic profit margins. These inflated margins act as a cushion, allowing large firms to retain staff and avoid the widespread layoffs that typically characterize the beginning of a recession.

The labor market has become increasingly bifurcated, resulting in what many call a “K-shaped” economic outcome. While the top earners remain resilient with solid balance sheets, lower-income households are increasingly reliant on borrowing to sustain their standard of living.

Despite the Federal Reserve’s tightening monetary policy, the labor market remains “frozen.” We are seeing historically low hiring rates and subdued wage growth, yet the lack of mass layoffs keeps the unemployment rate artificially low. This stagnation creates an environment where people aren’t necessarily prospering, but they aren’t losing their jobs in large numbers either.

The modern economy has shown remarkable resilience in the face of global uncertainty, including geopolitical tensions and shifting trade tariffs. Basmajian notes that while these shocks impact short-term market sentiment, they rarely derail the business cycle unless they severely compress corporate profit margins.

 Looking ahead, the Federal Reserve faces the delicate task of steering inflation toward their target without triggering a full-scale recession. The expectation is that we will remain in a range-bound interest rate environment, with little movement in terms of aggressive hikes or cuts in the near term.

The most important takeaway from this analysis is that the stock market is not the economy. Relying on stock prices as a proxy for financial health is a dangerous game that ignores the sequential dynamics of the business cycle.

By paying closer attention to the interplay between monetary policy, corporate margins, and fiscal support, we can better understand the forces shaping our financial future.

https://www.youtube.com/watch?v=MsqiS00_HvM

RESET Incoming: Gold, Debt, & the Breaking Point

RESET Incoming: Gold, Debt, & the Breaking Point

Taylor Kenny:  7-16-2026

Join Taylor LIVE for a direct conversation and Q&A on interests, the coming Reset, and why physical gold and silver remain critical wealth preservation tools.

In a recent detailed live discussion, Taylor Kenney of ITM Trading provided a comprehensive look at the current state of the markets, focusing on the widening gap between paper assets and physical reality. As investors grapple with fluctuating prices and headline-driven volatility, Kenney offers a strategic perspective on why the fundamental demand for precious metals is reaching a fever pitch, even when the “paper” price suggests otherwise.

One of the most striking points addressed by Kenney is the current disconnect between the spot price of gold and silver—often dictated by paper contracts—and the actual demand for physical bullion.

While Western paper markets may show temporary price dips, the appetite for physical ownership in the East, particularly in China, remains exceptionally high. China is not only aggressively accumulating gold but is also implementing regulatory reforms to streamline the transition toward physical ownership.

This shift suggests that savvy global players are looking past short-term market noise and focusing on the long-term security that only physical assets can provide.

The discussion also delved into the unsustainable trajectory of U.S. national debt and the escalating cost of interest payments.

Kenney warns that these financial pressures are creating a perfect storm for persistent inflation. As the debt-to-GDP ratio continues to climb, the risk to the U.S. dollar’s status as the primary global reserve currency becomes more pronounced.

For many analysts, it is no longer a question of if the system will face a correction, but when. This environment of fiscal instability is precisely what drives central banks around the world to pivot back to gold, signaling a strategic repositioning ahead of a potential new monetary era.

Understanding the “monetary reset” is essential for long-term financial planning. Kenney clarifies that this is rarely a single, overnight event. Instead, it is a complex, multi-stage process that often begins with persistent inflation, transitions into hyperinflation, and culminates in an official reset of the currency system.

By identifying these stages, individuals can better prepare for the inevitable shift in purchasing power. Central banks are already leading the way, diversifying their reserves away from fiat currencies and into “tier one” assets like gold to ensure they have a seat at the table when the new system emerges.

Rather than viewing gold and silver as speculative investments, the conversation emphasizes their role as essential insurance against currency devaluation. In an era where digital currencies and centralized financial controls are on the rise, physical precious metals offer a level of privacy and tangibility that digital assets cannot match.

 Kenney addresses common concerns regarding price volatility and historical fears such as confiscation, explaining why physical ownership remains a cornerstone of wealth preservation. By holding assets outside of the traditional banking system, individuals can protect their labor and legacy from the erosive effects of a devaluing dollar.

The live session concluded with an interactive Q&A, where Kenney tackled the most pressing questions from the audience, ranging from the timing of the reset to the impact of Central Bank Digital Currencies (CBDCs). The overarching message is one of empowerment through education. While the global financial system faces significant hurdles, those who understand the historical patterns of debt and currency can take proactive steps to safeguard their future.

For those looking to deepen their understanding of these economic shifts and see the full data behind these trends, watching the complete video from ITM Trading on YouTube is highly recommended. By staying informed, you can navigate the coming changes with confidence and clarity.

https://www.youtube.com/watch?v=mbdQWVAGP7I

Seeds of Wisdom RV and Economics Updates Friday Afternoon 7-17-26

Good Afternoon Dinar Recaps,

Hormuz Shipping Slumps as U.S.-Iran Conflict Deepens Despite Ongoing Peace Efforts

Commercial shipping through the Strait of Hormuz has fallen to its lowest level since May as renewed military tensions between the United States and Iran disrupt one of the world's most important energy corridors. Although diplomatic contacts continue, negotiations remain fragile and no final peace agreement has been reached.

Overview

• Commercial vessel traffic through the Strait of Hormuz dropped sharply, increasing concerns over global energy supplies and inflation.

• The United States continues its naval blockade while Iran has threatened additional maritime disruption, keeping global markets on edge.

• Peace talks remain alive, but negotiators have not finalized a Memorandum of Understanding (MOU), and significant differences remain over sanctions, security, and Iran's nuclear program.

Key Developments

1. Shipping Through Hormuz Falls to Multi-Month Low

Commercial traffic through the Strait of Hormuz declined to its lowest level since May, with only a handful of vessels transiting one of the world's most important maritime chokepoints. Shipping companies have delayed voyages, altered routes, and reassessed operational risks as military tensions intensified.

2. Energy Markets Face Renewed Pressure

The Strait of Hormuz normally handles approximately one-fifth of global seaborne oil and liquefied natural gas exports. Reduced tanker traffic, higher insurance costs, and continued security concerns have reinforced fears of tighter energy supplies, contributing to elevated oil prices and increased volatility across commodity markets.

3. Diplomacy Continues, but No Final Agreement Has Been Reached

While back-channel negotiations between Washington and Tehran continue, there is no finalized Memorandum of Understanding currently in force. Discussions remain focused on maritime security, sanctions relief, and Iran's nuclear program, but both sides continue to disagree on key issues. Diplomatic channels remain open, yet military activity on both sides underscores the fragile nature of the negotiations.

Why It Matters

The sharp decline in Hormuz shipping demonstrates how quickly geopolitical conflict can disrupt the global economy. Even without a complete closure of the waterway, reduced shipping capacity increases transportation costs, places upward pressure on energy prices, and creates additional uncertainty for businesses and financial markets worldwide.

Why It Matters to Foreign Currency Holders

Energy disruptions often influence inflation, interest rates, currency values, and central bank decisions. Sustained instability in the Gulf could strengthen demand for alternative payment systems, encourage greater diversification of reserve assets, and accelerate long-term efforts to modernize international settlement systems outside traditional financial channels.

Implications for the Global Reset

• Pillar 2: Trade

Disruptions in the Strait of Hormuz threaten one of the world's most important trade corridors, increasing transportation costs and slowing global commerce.

• Pillar 3: Assets

Higher energy prices and geopolitical uncertainty continue to influence oil markets, commodities, currencies, and safe-haven assets, reinforcing volatility across global financial markets.

• Pillar 5: Energy

Continued instability surrounding Hormuz places global oil and LNG supplies at risk, highlighting the strategic importance of energy security in the evolving world economy.

The situation remains highly fluid. While diplomatic efforts continue, the absence of a final agreement means global markets remain vulnerable to further military escalation and additional disruptions to international trade and energy supplies.

This is not simply about oil—it reflects the broader transformation of the global financial system as energy security, trade flows, and geopolitical power increasingly shape the future of the world economy.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — Shipping, Energy, and Gulf Conflict Coverage (July 17, 2026)

• Modern Diplomacy — Hormuz Shipping Slumps as U.S. and Iran Intensify Gulf Conflict

~~~~~~~~~~

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The Fed Just Secretly Changed Their 1944 Bretton Woods Rules. And The Dollar System Is Cracking

The Fed Just Secretly Changed Their 1944 Bretton Woods Rules. And The Dollar System Is Cracking

Unfolded Finance:  7-17-2026

On July 22nd, 1944, Keynes walked out of Bretton Woods having lost the argument he was right about. The dollar replaced gold as the global anchor. Every other currency fixed to the dollar.

The IMF managed adjustments. The system was orderly, stable, and built on three specific commitments: dollar-gold convertibility, fixed exchange rates, and capital controls.

All three are gone.

Convertibility ended with Nixon's 1971 Sunday evening address. Fixed rates collapsed by 1973. Capital controls were dismantled through the 1980s and 1990s.

What replaced them was an informal arrangement — the dollar standard — resting on one unwritten assumption: that dollar reserve holdings were sovereign property, safe from the political decisions of the country issuing the currency.

In 2022, the United States froze $300 billion in Russian central bank reserves. Not seized. Frozen. The action was presented as a targeted sanctions measure. It was a rule change. The rule it changed was the one Bretton Woods never needed to write down because it was considered self-evident: that reserve assets cannot be made inaccessible by the issuing country for political reasons.

Central banks bought gold at record levels in 2022, 2023, 2024, and 2025 — five consecutive years. Not because gold pays yield. Because gold cannot be frozen.

The dollar system is not ending. The rules sustaining it are changing. And the cracking is visible in the data.

What You'll Learn:

▸ What the three specific Bretton Woods commitments actually were — and why each one served as a discipline mechanism, not just a policy preference

▸ Why Keynes's bancor proposal was rejected — and why his warning about anchoring to a single nation's currency took exactly seventy-eight years to demonstrate

▸ How the three Bretton Woods pillars were removed — convertibility in 1971, fixed rates by 1973, capital controls through the 1980s

▸ What the informal Bretton Woods II arrangement actually rested on — and which unwritten assumption the 2022 reserve freeze demonstrated as conditional

▸ Why the 2022 Russian reserve freeze was a rule change rather than a sanctions measure — and why the distinction matters for every central bank's reserve calculation

▸ Why five consecutive years of record central bank gold purchases represent a rational response to demonstrated evidence rather than speculative behavior

▸ Why this dollar stress episode is structurally different from 1971, 1980, and 1985 — and what makes the 2022 demonstration irreversible

The Timeline:

July 1944 — Bretton Woods Conference; dollar anchored to gold at $35; three-pillar architecture established

1960s — Vietnam spending and Great Society programs create dollar oversupply; gold drain accelerates

August 15, 1971 — Nixon closes gold window; convertibility pillar removed 1971-1973 — Smithsonian Agreement fails; floating exchange rates adopted; fixed rate pillar removed

1980s-1990s — Financial liberalization dismantles capital controls; third pillar removed

1974 — Petrodollar system established; informal Bretton Woods II begins 2007-2022 — Fed balance sheet grows from $900B to $8.9T; institutional discipline replaces gold discipline

February 2022 — Russia invades Ukraine; Western allies freeze $300B in Russian central bank reserves 2022-2025 — Central banks buy gold at record levels five consecutive years 2024 — Dollar reserve share approximately 58%; mBridge operational; CIPS in 100+ countries

November 2024 — Moody's strips last US Triple A rating; dollar fiscal gap formally measured Keynes warned in 1944 that a system anchored to one nation's currency would eventually import that nation's political decisions into every other economy.

It took seventy-eight years. But it has been demonstrated.

https://www.youtube.com/watch?v=XG-hceTx0-s

Seeds of Wisdom RV and Economics Updates Friday Morning 7-17-26

Good Morning Dinar Recaps,

Ondo Finance and SBI Bring Japan’s Financial Markets On-Chain with Yen-Backed Stablecoin

Ondo Finance has partnered with Japan's SBI Group to tokenize Japanese financial assets using a regulated yen-backed stablecoin, marking another significant step toward modernizing cross-border capital markets through blockchain technology.

 Overview

• Ondo Finance and SBI Group announced a strategic partnership to tokenize Japanese financial assets.

• SBI's regulated JPYSC stablecoin will be used for settlement and collateral, allowing transactions to occur on blockchain infrastructure.

• The partnership reflects the growing global shift toward tokenized real-world assets (RWAs) and regulated digital finance.

Key Developments

1. Japanese Assets Move Toward Tokenization

Under the agreement, Ondo Global Markets will issue tokenized Japanese securities that will be distributed through SBI Group's financial ecosystem, which manages more than $250 billion in assets. Settlement will occur using JPYSC, SBI's yen-backed stablecoin operating under Japan's regulated digital asset framework.

2. Regulated Stablecoins Power Cross-Border Finance

Rather than relying on traditional banking rails, the partnership will use blockchain-based settlement through JPYSC. Tokenized securities can potentially become accessible to international investors more efficiently while remaining within Japan's regulatory structure.

3. Japan Expands Its Leadership in Digital Finance

Japan has become one of the world's most advanced jurisdictions for stablecoin regulation. By combining regulated digital money with tokenized securities, SBI and Ondo are helping build infrastructure that could reshape how financial assets are traded, settled, and held globally.

Why It Matters

This partnership demonstrates that tokenization is moving beyond pilot projects into mainstream financial markets. Large financial institutions are increasingly using regulated blockchain technology to improve settlement speed, reduce transaction costs, and expand investor access across borders. 

Why It Matters to Foreign Currency Holders

For those following the evolution of the international monetary system, this development highlights how regulated stablecoins are beginning to support real financial assets rather than simply cryptocurrency trading. As more nations develop tokenized securities and digital settlement systems, cross-border finance may increasingly rely on blockchain infrastructure alongside traditional banking networks.

Implications for the Global Reset

• Pillar 2: Trade

Tokenized assets and blockchain settlement have the potential to make cross-border investment and capital movement faster and more efficient, reducing friction in international financial markets.

• Pillar 3: Assets

The continued growth of real-world asset tokenization represents a significant evolution in how stocks, bonds, and other financial instruments may be owned, traded, and settled in the future.

• Pillar 4: Technology

The partnership combines regulated stablecoins, blockchain infrastructure, and tokenized securities, demonstrating how financial technology is becoming integrated into mainstream capital markets rather than remaining a niche innovation.

As more major financial institutions adopt regulated digital infrastructure, tokenization is evolving from an emerging technology into a practical component of modern capital markets.

This is not simply about cryptocurrency—it reflects the broader transformation of the global financial system as digital assets, regulated stablecoins, and tokenized markets increasingly reshape the future of global finance.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Crypto Briefing — Ondo Finance Partners with SBI Group to Tokenize Japanese Assets Using Yen-Backed Stablecoin

• SBI Holdings — SBI Group Corporate

~~~~~~~~~~ 

🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:  • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

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Iraq Economic News and Points To Ponder Friday Morning 7-17-26

Iraq Places 88th In Global Economic Development Ranking

2026-07-17 03:29   Shafaq News- Baghdad  Iraq ranked 88th out of 100 countries and 11th among Arab states in the 2026 US News & World Report Best Countries rankings for economic development, placing ahead of Algeria and Jordan.

The report estimated Iraq’s gross domestic product (GDP) at $666 billion, with a purchasing power parity (PPP) GDP per capita of $14,464.

The United Arab Emirates led the Arab rankings, placing 31st worldwide with a GDP of $870.4 billion and a PPP GDP per capita of $79,229. Qatar followed in 43rd ($360.2 billion; PPP GDP per capita: $126,046), ahead of Saudi Arabia in 50th ($2.5 trillion; $71,375).

Egypt came in 62nd ($2.2 trillion; $19,094), followed by Kuwait in 63rd ($256.8 billion; $52,444), Oman in 71st ($220.5 billion; $41,740), Tunisia in 73rd ($178.3 billion; $14,521), Bahrain in 79th ($106.3 billion; $66,941), Morocco in 81st ($402.8 billion; $10,415), and Lebanon in 83rd ($72.6 billion; $12,575).

Algeria followed in 89th with a GDP of $824.9 billion and a PPP GDP per capita of $17,621, while Jordan placed 90th with corresponding figures of $125 billion and $10,821.

https://www.shafaq.com/en/Economy/Iraq-places-88th-in-global-economic-development-ranking‍ ‍

Dollar Steadies As Fed Hopes Offset Middle East Tensions

2026-07-17 02:46   Shafaq News    The dollar held steady on Friday but was poised for a weekly decline as a ​tame U.S. inflation report this week led traders to cut bets on imminent rate hikes from the Federal Reserve, although ‌escalating attacks in the Middle East soured sentiment.

Iran and the United States exchanged intensifying fire in a week-long escalation that has largely unravelled last month's truce, spurring safe haven bids for the dollar and leading oil prices near one-month highs.

In currency markets, the euro was at $1.1437, set for a 0.2% rise in the week. Sterling fetched $1.3476, on course for ​a 0.56% gain in the week, its third straight week of gains on fading concerns over Britain's fiscal outlook.

The Japanese yen was fetching 162.39 ​per U.S. dollar, rooted near the 40-year low of 162.84 it touched at the start of the month. Traders ⁠remained wary of official intervention from Tokyo after Japanese Finance Minister Satsuki Katayama reiterated the government's readiness to take decisive action.

The dollar index , which measures ​the U.S. currency against six other units, was at 100.72, set for a weekly drop of 0.24%. The index hit a one-month low earlier this ​week on easing chances of a near term rate hike but safe-haven flows have helped support the greenback.

"The USD remains the highest-yielding safe-haven currency in the G10 complex," OCBC strategists said in a note.

"Near-term FX price action is likely to continue reflecting the 'USD smile' framework, under which the greenback tends to outperform when markets price either stronger ​U.S. growth and higher rates or a rise in global risk aversion," they wrote.

Data on Thursday showed U.S. retail sales rose slightly in June as ​lower gasoline prices weighed on receipts at service stations, but online spending surged, prompting economists to upgrade their second-quarter growth estimates.

The economy's resilience was underscored by other data ‌also showing ⁠labour market stability. Economists believe the Federal Reserve would keep interest rates unchanged later this month after data showed consumer price inflation had cooled in June.

Karen Manna, portfolio manager for fixed income at Federated Hermes, said: "It is far too early to conclude that a renewed disinflation trend has taken hold or that inflation concerns have been fully resolved."

Policymakers are also wary of banking too heavily on one month of improvement after months when inflation moved in ​the wrong direction.

Chances for a Fed ​hike in July stood at ⁠11%, versus a 25% implied probability last week, according to the CME FedWatch tool. Traders are pricing in 26 basis points of hikes by December.

"I don’t think July is live for rate hikes," said Tani Fukui, senior director ​of global economic and market strategy for MetLife Investment Management. "We expect neither rate hikes nor cuts in 2026."

In ​other currencies, the ⁠Australian and New Zealand dollars were poised for a third straight week of gains. The Aussie was 0.24% softer on the day at $0.6981 as risk-off sentiment prevailed. The kiwi was at $0.5838.

China's yuan weakened from a one-month high against the dollar, but remained on track for its third straight week of gains.

Markets mostly shrugged ⁠off comments ​from President Donald Trump after he renewed accusations that China meddled in U.S. elections, a move ​that could complicate his fragile truce with Chinese leader Xi Jinping.

Investor focus next week will be on the policy decision from the European Central Bank where it is expected to hold interest ​rates steady, according to a Reuters poll. But a rate hike next month is increasingly likely, economists say.   (REUTERS)

https://www.shafaq.com/en/Economy/Dollar-steadies-as-Fed-hopes-offset-Middle-East-tensions

From 13 To 200 Thousand Dollars. Ticket Prices For The 2026 Final Are The Most Expensive In History

Money and business   Economy News — Follow-up  Ticket prices for the final match of the FIFA World Cup between Argentina and Spain on Sunday set record highs of insanity, which cannot be compared to any previous final of the tournament.

As long as watching the World Cup final from the pitch remains a dream for any football fan, although not impossible, the high prices of tickets for the 2026 World Cup final, in the United States, America, Canada and Mexico, which will be held on Sunday, July 19, 2026, at the Met Life Stadium in East Rutherford, New Jersey, has become almost impossible for the majority of those who wish.

The most expensive final ticket in the history of the World Cup

The 2026 final ticket was valued at around $13,000 and $700 on average according to the ticket resale market.

While the prices of some seats in the stadium "Met Life" for the match nearly 200 thousand US dollars.

This amount represents a crazy increase compared to the final of the 2022 Qatar edition between France and Argentina, where the value of the highest ticket was at the time of 1600 US dollars.

As for the 2026 edition, FIFA has set official ticket prices to range from US$2,030 to US$6,730, depending on the seat category.

The alternative market, for those who want to resell the tickets they received, which FIFA allowed in exchange for a percentage of resale, has contributed to raising prices further.

The cheapest tickets currently offered start at around US$8,000, while the prices of the seats closest to the stadium may exceed US$38,000.

How to Buy Tickets for the 2026 World Cup Final

At the official level, the initial stages of the sale are over, including the initial draw and the pre-sale of Visa cardholders, leaving limited opportunities to purchase tickets directly through official channels.

But FIFA still offers a final stage of direct pre-sale, as well as its official ticket resale platform, where fans can buy and sell approved tickets.

In addition, there are also certified secondary markets such as StubHub, Ticketmaster, Vivid Seats, and SeatGeek for fans who want to attend high-turnout matches, knowing that prices may be much higher than the original ticket price.

https://www.economy-news.net/content.php?id=71482‍ ‍

The Dollar Is Heading For A Weekly Loss Due To US Inflation Pressure

Money and business    Economy News — Follow-up  The dollar stabilized on Friday but is heading for a weekly decline, as the U.S. inflation report released this week, which came in less than expected, prompted traders to reduce their bets on the Federal Reserve (the US central bank) to raise interest rates soon, but the escalation of attacks in the Middle East affected morale.

Iran and the United States have been escalatingly striking for a week, significantly undermining last month’s ceasefire deal, spurring demand for the dollar as a safe haven and pushing oil prices closer to their highest levels in a month.

In the currency markets, the euro reached $1.1445, heading for a rise of 0.29% during the week. The pound hit $1.3476 and is heading for a 0.56 percent gain during the week, the third straight week of gains amid fading concerns about Britain’s financial outlook.

The yen hit 162.39 against the dollar, settling near a 40-year low of 162.84 at the start of the month, while traders remained waiting for any official intervention from Tokyo.

The dollar index, which measures the performance of the US currency against six currencies, recorded 100.72, heading for a weekly decline of 0.24 ⁠ percent. The index hit a month-low earlier in the week as the prospect of a near-term rate hike eased, but money flows to safe havens helped support the U.S. currency.

Analysts in O. C.C. B. In a note, the U.S. dollar remains the safe haven currency with the highest yield within the ⁠G10 currencies.

Data released on Thursday showed U.S. retail sales rose slightly in June, but online spending increased significantly, prompting economists to raise their growth forecasts in the second quarter.

Other data showed the stability of the labor market, highlighting the strength of the economy. Economists believe the Federal Reserve will keep interest rates unchanged later in the month after data showed consumer price inflation slowing in June.

But Federal Reserve Vice Chairman Philip Jefferson suggested he would be open to raising interest rates if inflation did not improve in the near term. https://www.economy-news.net/content.php?id=71480

Friday AM Iraq News Posted by Tishwash at TNT 7-17-2026

TNT:

Tishwash:  President Al-Zaidi travels from Washington to Texas: Meeting with the head of Chevron and the president of the US Chamber of Commerce

Journalists accompanying Prime Minister Ali al-Zaidi on his current visit to the United States reported that he departed today (Thursday) for Andrews Airport in preparation for a visit to Houston, Texas.

They added that upon his arrival in Texas, Prime Minister al-Zaidi will proceed to Chevron headquarters for a meeting with the company's president.

They also indicated that he will meet with the president of the US-Texas Chamber of Commerce and deliver a speech according to the scheduled program.  link

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Tishwash:  US report: Al-Zaidi plans to sign $60 billion worth of trade agreements in Washington

The American newspaper "Semaphore" stated that the visit of Iraqi Prime Minister Ali al-Zaidi to America reflects a new direction for the Washington administration to reformulate relations with Iraq on the basis of economic and investment partnership, instead of focusing on military presence and security cooperation .

The newspaper explained that "Al-Zaidi will participate, on Friday, in a summit organized by the American Chamber of Commerce alongside US Energy Secretary Chris Wright, where trade and investment agreements worth $60 billion will be announced between American companies, the Iraqi government and the private sector, a figure described by the summit organizers as exceeding expectations ."

During his meeting with al-Zaidi in the Oval Office, Trump praised what he described as the "great harmony" between them, stressing that Iraq possesses enormous economic potential thanks to its oil resources, and that the next phase will witness the conclusion of more economic agreements .

Trump also argued that the United States no longer needed a large military presence in Iraq, and that relations between the two countries should be based on economic and investment cooperation .

Semaphore added that “Al-Zaidi’s visit comes within the framework of a strategy pursued by the Trump administration in the Middle East, based on expanding American influence through economic diplomacy, similar to the visit made by Saudi Crown Prince Mohammed bin Salman to Washington, which witnessed the announcement of huge investments and financial pledges .”

The newspaper quoted Steve Lutes, vice president of the U.S. Chamber of Commerce for Middle East Affairs, as saying that "the Iraqi government is seeking to reassure American companies that the new prime minister, who comes from the business sector, is placing economic cooperation at the forefront of the relations between Baghdad and Washington, in an unprecedented manner ."

She noted that "the agreements to be announced will focus on the oil and gas sectors, energy infrastructure, and electricity generation, with the participation of major international companies, including (General Electric Vernova), (British Petroleum), (Excelerate Energy), (ExxonMobil), and (Shell )."

She continued: "The agreements also cover the information and communications technology, digital infrastructure, healthcare, and agriculture sectors, as part of Iraq's efforts to diversify its economy and reduce its dependence on oil ."

According to the summit agenda seen by the newspaper, the events will include the signing of agreements, memoranda of understanding and partnership frameworks in the presence of the US Secretary of Energy, while Al-Zaidi will attend the official announcement ceremony for these agreements .

The newspaper indicated that "Iraq still represents a complex environment for foreign investments, due to the continued political and military influence of Iran within the country, and the presence of armed factions supported by Tehran that have previously targeted US forces and their allies ."

In her commentary, journalist Lauren Watson, the report's author, said that "al-Zaidi pledged to President Trump to work on disarming Iranian-backed armed groups by September, but implementing this pledge will be extremely difficult given the extensive influence these groups wield and their refusal to give up their weapons ."

She argued that "the Trump administration is betting on expanding the American economic presence in Iraq before the security situation is fully stabilized, and without sufficient guarantees to protect American companies and investments  link

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Tishwash:  World Bank President proposes establishing a large banking holding company in Iraq

The Economic Payment Agency is monitoring the latest developments in markets and prices through multiple media sources.

Prime Minister Ali Faleh al-Zaidi met Wednesday evening, Baghdad time, with the President of the World Bank Group, Ajay Banga, and his accompanying delegation, which included the President of the International Finance Corporation, Makhtar Diop, and a number of senior World Bank officials.

During the meeting, Al-Zaydi affirmed that Iraq currently enjoys a high level of stability, which will positively impact the economy and investment. He pointed out that the Iraqi economy will witness remarkable growth thanks to the policies and reforms that the government has begun implementing, according to the Prime Minister's Media Office.

Al-Zaydi pointed out that the government gives special importance to reforming the banking sector and preparing a program budget to ensure that resources are directed efficiently towards achieving development, and drawing a new economic identity for Iraq based on diversification, reform and sustainability, stressing the work to increase oil production to meet the requirements of development, in parallel with developing non-oil sectors and enhancing their role in the national economy.

Al-Zaydi explained that the government is continuing to establish the Development Fund, which will finance investment projects in all governorates, and expand the scope of financing available to qualified Iraqi banks, in addition to supporting and empowering the private sector to be a key partner in development.

For his part, the President of the World Bank, Ajay Banga, expressed his admiration for what Iraq has recently achieved in the field of stability and peace, stressing that Iraq possesses good potential and resources capable of bringing about a major economic transformation if they are well invested.

Banga expressed the World Bank’s readiness to provide technical and advisory support to Iraq in the areas of program budgeting and banking sector restructuring. He also called for studying the possibility of forming a large Iraqi banking holding company by merging a number of state-owned banks to enhance the efficiency of the financial sector and support economic reform.   link

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Tishwash:  Al-Zaidi announces from Texas, USA, the launch of the "Energy City" project in Al-Faw

Prime Minister Ali Faleh al-Zaidi announced from Houston, Texas, a plan to launch "Energy City" projects on the waterfront of the Faw Peninsula in southern Iraq, during his participation in a joint economic dialogue forum organized by the Iraqi-American Chamber of Commerce .

Al-Zaydi affirmed in his speech, which was followed by Al-Sa’a Network: “The government’s determination to remove all obstacles and impediments to attracting investment, and to launch a new era of cooperation with real partners, not contractors, while providing the necessary guarantees for a safe investment environment supported by financial and banking reforms .”

The proposed "Energy City" plan includes the establishment of integrated complexes for refining and processing crude oil, gas production and collection units, and power generation stations, with these facilities to be linked to the strategic oil pipelines and the "Development Road " project route.

The meeting was attended by the Ministers of Oil and Electricity and government advisors, along with a host of representatives of American companies, businessmen, investors and bankers looking for investment opportunities in Iraq

For his part, the president of the bilateral Chamber of Commerce, David Phillips, welcomed the visit of the Iraqi delegation, stressing the desire of the business community and the private sector in the state of Texas and throughout the United States to invest and cooperate with Iraq .

Phillips noted that "major companies are eager to seize the promising opportunities offered by Iraq's long-term plans to increase oil and gas production from invested fields, and to actively contribute to modernizing the infrastructure of Iraq's energy sector   link

Iraq Economic News and Points To Ponder Thursday Evening 7-16-26

Tomorrow, Iraq And The United States Will Sign The Largest Economic Agreement In History.

Shafaq News - Washington   Baghdad and Washington are preparing to sign the largest package of agreements and memoranda of understanding since the establishment of relations between the two countries, tomorrow, Friday, as part of the official visit of Prime Minister Ali al-Zubaidi to the United States.

According to a well-informed government source who spoke to Shafaq News Agency, the visit program will culminate in the signing of a wide range of agreements and memoranda of understanding between Iraq and the United States, in the presence of high-level officials from both sides, in a move considered the largest of its kind in the history of bilateral relations.

According to the source, the agreements cover the energy, investment, economy, technology, education, health, security and infrastructure sectors, in addition to cooperation in the areas of development and empowering the private sector, which enhances the strategic partnership and opens new horizons for cooperation between the two countries.

The package will also include the announcement of major American companies entering the Iraqi market, and the launch of broad investment opportunities in various sectors, which will contribute to revitalizing the economy, creating job opportunities, and transferring modern technology and expertise to Iraq.

The Iraqi government views these agreements as a pivotal milestone in the course of relations with the United States, according to the source, who indicated that they are "the largest and most diverse since the establishment of relations between the two countries," due to the strategic projects and long-term partnerships they include.

The government source concluded by saying that "the signing ceremony will take place in the presence of senior officials from Baghdad and Washington, and will enhance economic and investment cooperation, and consolidate the bilateral partnership in a way that serves the common interests of the two countries."

This comes as part of the agenda of the official visit that began on Monday by Prime Minister Ali al-Zaidi and his accompanying delegation, which included a number of ministers, senior officials, investors, business owners, and Iraqi capitalists.

US President Donald Trump announced on Tuesday evening, during his meeting with al-Zaidi at the White House, that this week would see the unveiling of a major oil partnership with Iraq, in addition to extensive trade deals in various sectors.

https://shafaq.com/ar/اقتصـاد/غدا-العراق-و-ميركا-يوقعان-كبر-اتفاق-اقتصادي-في-التاريخ

MOT: Talks in Washington Focused on Partnership and Supporting Iraq's Accession to WTO

Iraqi News AgencyThursday,July 16, 2026 Washington  –  INA  Minister of Trade Mustafa al-Ani confirmed on Wednesday that the talks at the White House focused on economic cooperation and the future partnership between Baghdad and Washington. He also indicated that discussions are ongoing regarding Iraq's accession to the World Trade Organization.  

Al-Ani told the Iraqi News Agency (INA): "One of the most important aspects of the visit was the meeting at the White House between Prime Minister Ali al-Zubaidi and US President Donald Trump, during which several issues related to cooperation and the future partnership between Iraq and the United States were discussed, in addition to exploring ways to cooperate and remove obstacles facing American investors."  

He added that "the official government delegation includes a select group of Iraqi business leaders with the aim of strengthening communication between the Iraqi and American private sectors. A meeting will also be held with the US Chamber of Commerce to discuss a number of shared issues."  

He noted that "the delegation concluded meetings with a number of American companies to discuss prospects for future cooperation, particularly in areas that benefit Iraqi farmers. It was agreed that ideas would be presented clearly for study, discussion, and practical action."  

He added that "the Minister of Trade heads the Iraqi side of the US-Iraq Business Council, specifically regarding Iraqi businesspeople. Discussions will also focus on reactivating and implementing agreements signed between Iraq and the United States."  

He affirmed that "the talks will also include a request for US support for Iraq's accession to the World Trade Organization, as Iraq has fulfilled all the necessary requirements and is awaiting the organization's decision on its members  

https://ina.iq/en/50427-mot-talks-in-washington-focused-on-partnership-and-supporting-iraqs-accession-to-wto.html

Trade Minister: We Discussed Areas That Serve Iraqi Farmers with U.S. Companies  

Iraqi News Agency Thursday, July 16, 2026  Baghdad  –  INA -   Minister of Trade, Mustafa Al-Ani, said on Thursday that he had held talks with a number of U.S. companies on prospects for future cooperation, particularly in sectors that support Iraqi farmers, on the sidelines of the Iraqi delegation's visit to the United States led by Prime Minister Ali Falih Al-Zaidi.  

Al-Ani told the Iraqi News Agency that discussions focused on expanding future cooperation, especially in areas that benefit Iraqi farmers.  

He said one of the delegation's key engagements was a meeting at the White House with U.S. President Donald Trump, during which the two sides discussed a wide range of issues, including prospects for future cooperation and partnership between Iraq and the United States, as well as ways to enhance cooperation and remove obstacles facing U.S. investors and business leaders.  

Al-Ani added that the official Iraqi delegation also included a group of Iraqi business leaders aimed at strengthening communication and cooperation between the Iraqi and U.S. private sectors.  

He said the delegation was also scheduled to meet with the U.S. Chamber of Commerce to discuss a range of issues.  

The minister noted that meetings had already been held with several U.S. companies to explore future cooperation, particularly in sectors that support Iraqi farmers.  

Al-Ani also said discussions covered U.S. support for Iraq's accession to the World Trade Organization (WTO), stressing that Iraq has fulfilled all of its required obligations and is awaiting the organization's decision on approving its membership.  

https://ina.iq/en/economy/50475-trade-minister-we-discussed-areas-that-serve-iraqi-farmers-with-us-companies.html

Oil Nears One-Month High On Red Sea Threat

2026-07-16 13:28   Shafaq News   Oil prices edged lower on Thursday but held near the highest since mid-June as the Iran war escalated, ‌with Tehran asking Yemen's Houthi movement to be prepared to close the Red Sea oil export route.

Brent crude futures were down 19 cents, or 0.2%, to $84.76 a barrel by 11:25 a.m. EDT. U.S. West Texas Intermediate futures were down 17 cents, or 0.2%, to $79.43 a barrel. At their session highs, both contracts were up more than 1%.

On Wednesday, Brent futures settled at their highest since June 12, and WTI at the highest since June 15.

Iran has asked the Houthis to stand ready to ⁠close the Red Sea oil route if the U.S. strikes Iranian power infrastructure, three sources told Reuters. This week, U.S. President Donald Trump repeated threats of striking Iranian power plants and bridges.

"With the Strait of Hormuz already closed, this threat raises the serious risk of both of the Middle East's primary oil export routes being disrupted at the same time," said Alex Hodes, director of energy market strategy at brokerage StoneX.

Total volumes of petroleum transiting Bab el-Mandeb amounted to 7.4 million barrels per day in June, or about 7% of global oil output, according to Kpler data, up from 4.2 million bpd last year.

"Simultaneous disruptions affecting Hormuz and Bab el-Mandeb would significantly amplify supply chain stress, increase tanker availability constraints, and raise insurance premiums," said Wael ‌Makarem, ⁠financial markets strategist lead at Exness.

On Wednesday, the U.S.struckIran's coastal defences and missile sites after reimposing a naval blockade of its ports. Tehran threatened to shut off more regional energy exports, saying it was engaged in an "existential war" with America.

The fragile truce reached in June has collapsed, disrupting energy flows through the Strait of Hormuz, which handled about a fifth of daily global oil and LNG trade before the war ⁠began.

Fewer vessels passed through the strait on Wednesday, the first day after the U.S. reimposed its naval blockade on Iran. Seven crossed on Wednesday, down from 13 the previous day.

"It seems reasonable that prices could continue to climb towards $90-$95 and maybe even touch the $100 mark again ⁠and that is because the Strait of Hormuz is repeatedly being disrupted, creating uncertainty over oil flows from the Gulf," said Ole Hvalbye, market analyst at SEB Research.

On the supply side, Iraqi crude loadings more than doubled to average roughly 1.2 million ⁠barrels per day in the first half of July, according to Kpler data and a source with direct knowledge of the flows, as exports accelerated following months of restricted shipments. (Reuters)

https://www.shafaq.com/en/Economy/Oil-nears-one-month-high-on-Red-Sea-threat‍ ‍

Iraqi PM pursues greater Chevron investment in energy sector

2026-07-16 Shafaq News- Washington/ Baghdad  Iraqi Prime Minister Ali Al-Zaidi on Thursday called on US energy giant Chevron to expand its investments in Iraq and speed up new projects as part of Baghdad’s strategy to increase crude oil production and diversify export routes.

According to the PM media office, Al-Zaidi pledged government support for refineries, petrochemical industries, and gas production facilities during talks with Chevron Chairman and CEO Mike Nelson and the company’s board at its Washington headquarters.

Nelson expressed Chevron’s interest in broadening its presence in Iraq through investments in southern oil fields, pipelines linking production sites to regional ports, and storage facilities.

Read more: US investment dominates al-Zaidi's Washington meetings

Iraq aims to increase crude oil production to 7 million barrels per day within three years, up from the current 4.2–4.5 million bpd, Al-Zaidi said in late June.

The meeting with Chevron preceded Friday’s signing in Washington of “the largest package of agreements and memorandums of understanding” in the history of US-Iraq relations, which covers energy, investment, the economy, technology, education, healthcare, security, infrastructure, and private sector development, while opening the Iraqi market to major US companies, according to an informed government source.

Al-Zaidi arrived in the US capital on Monday for a seven-day official visit, leading a high-level delegation of ministers, senior officials, investors, and business leaders.

Read more: Al-Zaidi at the White House: A sustainable partnership or continued crisis management?

https://www.shafaq.com/en/Economy/Iraqi-PM-pursues-greater-Chevron-investment-in-energy-sector