Hundreds of Indicators Pointing to a Global Recession

Hundreds of Indicators Pointing to a Global Recession

Commodity Culture:  6-28-2025

Renowned financial analyst Henrik Zeberg recently joined Jesse Day on Commodity Culture to deliver a stark warning about the global economic outlook.

 In a compelling discussion, Zeberg asserts that a global recession is not just a possibility, but an unavoidable certainty, culminating in a deflationary bust that most market participants will fail to anticipate.

Central to Zeberg’s thesis is the prediction of an imminent “blow-off top” in the broad market. This euphoric, final surge, he argues, will precede a dramatic and unexpected deflationary downturn. Zeberg meticulously outlined the specific indicators he is closely monitoring that underpin this contrarian view, suggesting that the current economic trajectory is far more precarious than widely acknowledged.

The “deflationary bust” is highlighted as a particularly insidious threat, precisely because its arrival is expected to blindside the majority of investors and policymakers.

Beyond the broader market, Zeberg also provided his detailed outlook on the future of gold and gold mining stocks, offering insights into their potential performance in a rapidly shifting economic landscape. The discussion further delved into the potential ripple effects of former President Trump’s tariff policies, analyzing how they might impact global trade and economic stability.

Perhaps one of the most memorable moments of the conversation was Zeberg’s candid assessment of the US dollar’s standing in the current global financial landscape, famously asking whether it remains “the prettiest mare at the glue factory of fiat currencies.”

This provocative statement encapsulates his skepticism about the long-term strength of the world’s reserve currency amidst unprecedented monetary policies.

Zeberg’s comprehensive analysis offers a compelling, albeit unsettling, counter-narrative to much of the prevailing market optimism. For investors and individuals keen to understand the full scope of Zeberg’s predictions, including the specific indicators and his nuanced arguments, the full video discussion on Commodity Culture provides invaluable insights.

 It’s a critical watch for anyone looking to navigate the challenging economic waters ahead with a more informed perspective.

https://youtu.be/V7M3WR4hdsg

Iraq Economic News and Points To Ponder Saturday Afternoon 6-28-25

Al-Sudani: The Government's Approach Is Based On Continuing The Path Of Building Iraq.

Local  Prime Minister Mohammed Shia al-Sudani affirmed on Saturday that the government's approach is based on completing the path of reform and continuing the path of building Iraq, in loyalty to the pure blood of the martyrs.

The Prime Minister's media office said in a statement that "Prime Minister Mohammed Shia al-Sudani received members of the Loyalty to the Martyrs Association, which represents the families of Iraqi martyrs from several governorates."

According to the statement, al-Sudani stated that "the value of sacrifice and martyrdom in our society and history laid the foundation for all the changes that occurred later, which extended to the confrontation with terrorism, just as it laid the foundation for the stability, social peace and economic development that we enjoy today."

The Prime Minister pointed out that "dealing with the families of martyrs must be based on the values ​​​​they represent to society in terms of determination and dignity, and not out of sympathy," stressing that "the government's approach is based on completing the path of reform and continuing the path of building Iraq, in loyalty to the pure blood of the martyrs that were shed before and after 2003, which aimed for a better future."

Al-Sudani stressed that "the government is working to strengthen social cohesion in light of the developments taking place in the region, while preserving the legacy of the martyrs and striving to build a powerful Iraq that is inclusive of all communities." https://economy-news.net/content.php?id=56735

Iraq's Imports Amounted To $21 Billion In The First Quarter Of 2025.

Money and Business  Economy News – Baghdad  The Central Bank of Iraq announced on Saturday that Iraq's imports for the first quarter of 2025 amounted to more than $21 billion.

The bank stated in its statistics that "Iraq's imports amounted to $21 billion and 363 million," indicating that "imports included both the government and private sectors."

He added, "Government sector imports amounted to $1.377 billion, while private sector imports amounted to $19.985 billion."

The bank indicated that "government imports included consumer imports, capital imports, petroleum product imports, other government imports, and currency printing," while "private sector imports included consumer imports and capital imports."  https://economy-news.net/content.php?id=56727

Babylon receives the file for becoming Iraq's industrial capital.

Saturday, June 28, 2025 Economic Number of readings: 92   Hillah/ NINA / Babylon Governor Adnan Fayhan Al-Dulaimi announced today, Saturday, the receipt of the Babylon file as the industrial capital of Iraq, to ​​begin working with the federal government and create the necessary legislation and laws to officially declare Babylon the industrial capital of Iraq.

Fayhan said, “We meet today at a pivotal moment in Babylon’s history, to proudly announce the “Babylon, the Industrial Capital of Iraq” file, noting that this major national project restores Babylon’s leadership position not only in history and civilization, but also in the economy, production and industry.

He pointed out that Babylon, with its strategic location, distinguished human resources, and advanced infrastructure, is capable of being an integrated national industrial center and a strong competitor in various fields such as manufacturing industries, construction materials, food industries, energy, and others.

He explained that since taking over the management of the province, we have worked to develop and support industrial projects due to their importance in increasing national production and providing job opportunities for young people, stressing that this file would not have seen the light of day without the true cooperation between the public and private sectors, in addition to the deep belief that Iraq's renaissance begins with its provinces, and that sustainable development can only be achieved through an integrated vision and seriousness in implementation.

Al-Dulaimi pointed out that the local government in Babylon is proceeding with all determination to prepare the investment environment and provide facilities for industrialists and investors, in order to transform this announcement into realistic projects that create job opportunities and revive the national economy. /End   https://ninanews.com/Website/News/Details?key=1237926

The Dollar Recorded A New Decline As The Stock Exchange Closed In Baghdad.

Stock Exchange  The dollar price fell in Baghdad markets on Saturday afternoon, as the stock exchange closed at the beginning of the week.

The dollar exchange rate fell at the close of trading on the Al-Kifah and Al-Harithiya stock exchanges, recording 141,100 dinars per $100. This morning, it reached 141,300 dinars per $100.

Selling prices at exchange offices in Baghdad's local markets declined, with the selling price reaching 142,000 dinars for $100, while the buying price reached 140,000 dinars for $100. https://economy-news.net/content.php?id=56731

Iraqi Oil Prices In Global Markets

Economy | 09:26 - 06/28/2025  Mawazine News - Baghdad -  Iraqi oil prices recorded a slight increase during daily trading on the global market on Saturday.

Basra Medium crude oil recorded $68.53 per barrel, while heavy crude oil recorded $65.53 per barrel, with a change of +1.11 for both.

The data also showed global oil prices, with British Brent crude recording $67.77 per barrel, while US West Texas Intermediate crude oil recorded $65.52 per barrel, with a change of +0.4 and +0.28, respectively.   https://www.mawazin.net/Details.aspx?jimare=263177

Iraq, In Cooperation With The World Bank, Is Taking Steps To Address The Problem Of Air Pollution.

Local |  06/28/2025  Mawazine News - Follow-up:  The Ministry of Environment announced, on Saturday, funding projects worth more than $58 million to combat pollution and confront climate change in Iraq. It also indicated that there is a proposed project with the World Bank to address the problem of air pollution in Baghdad, and indicated the existence of international cooperation to strengthen central laboratories and water and air monitoring programs.

Ministry of Environment spokesman Louay Al-Mukhtar said in a press statement that "the government has approved funding for the Integrated Management of Persistent Organic Pollutants and Contaminated Sites project at a value of $18.5 million for the years 2025-2031, in addition to the $40 million project to enhance resilience to climate change, which focuses on agricultural development and strengthening agricultural patterns in three governorates."

He added, "The Council of Ministers also approved a set of strategies in various fields, most notably the National Pollution Reduction Strategy, the National Adaptation Plan, and the National Mitigation Plan."
He pointed out that "the ministry has other important projects with United Nations organizations regarding strengthening national reserves and combating desertification, as well as initiatives to support afforestation inside and outside cities."

He continued, "The ministry's cooperation with UN organizations also includes implementing projects to strengthen and develop central laboratories, develop a water resources monitoring program, and strengthen air quality monitoring systems." He indicated that "there is a proposed project with the World Bank to address the problem of air pollution in Baghdad." https://www.mawazin.net/Details.aspx?jimare=263185

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 6-28-25

Good Afternoon Dinar Recaps,

Serbia Confirms Strong Interest in Joining BRICS at 2025 Summit
By Watcher.Guru | June 2025

As the 17th BRICS Summit approaches, Serbia has officially reaffirmed its intention to join the expanding BRICS alliance. The summit will take place on July 6–7 in Rio de Janeiro, Brazil, and could mark a pivotal moment for the bloc’s next wave of expansion.

Serbian Prime Minister: “It Is of Strategic Interest”

Serbian Prime Minister Duro Macut made the country’s position clear, stating that:

“We consistently advocate the need to deepen cooperation with our traditional partners and friends. The BRICS countries are the most important players on the world stage, and the development of strong, mutually beneficial relations with them is of a strategic interest to us.”

Serbia formally submitted its application to join BRICS in 2023, when the alliance last opened its doors for expansion.

BRICS Expansion: Who’s In—and Who’s Waiting

In 2024, BRICS added 13 new “Partner Countries”, including:

Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan, and Vietnam.

While Serbia was not included in that group, it remains among the 23 countries that have formally applied to join the bloc. An additional 22 countries have expressed informal interest, reflecting the growing global momentum around BRICS.

Balancing BRICS and the EU

In a noteworthy diplomatic move, PM Macut also reiterated Serbia’s parallel ambition to join the European Union:

“Serbia continues its path towards membership in the European Union,” he stated in a recent interview with foreign media.

Serbia continues to navigate complex post-Yugoslav geopolitics, including past sanctions, while seeking stronger ties with both Eastern and Western alliances.

Decision Expected in July—But Not Guaranteed

Whether Serbia will be invited to join BRICS will likely be decided during the July summit in Brazil. The BRICS expansion process is consensus-driven, meaning all existing member states must agree to admit new countries.

A key question remains: What value can Serbia bring to BRICS that strengthens the bloc's collective influence?

As the BRICS alliance seeks to redefine the global geopolitical landscape—especially amid rising tensions with Western institutions—Serbia's bid could serve as a strategic pivot between Europe and the multipolar order BRICS envisions.

@ Newshounds News™
Source:  Watcher Guru

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Iraq Economic News and Points To Ponder Saturday Morning 6-28-25

The World Bank Finances The Iraqi Railway Project With $930 Million

Local | 12:34 - 06/27/2025  Mawazine News - Baghdad -  The Ministry of Transport announced on Friday that it had obtained World Bank approval to finance a $930 million loan to rehabilitate the existing railway line, while pointing to a plan to connect Iraq's railways to the ports of Faw and Umm Qasr, all the way to Turkey.

The Ministry of Transport's media director, Maitham Al-Safi, said, "The maritime railway connection plan that the ministry is working on under the supervision of Transport Minister Razzaq Muhaibis Al-Saadawi, includes linking the existing railways to the Grand Faw and Umm Qasr ports, heading towards the northern regions and reaching Turkey.

" He explained that "the plan represents an integrated government vision for operating the first phase of the Grand Faw Port project, which includes five berths, and completion rates have reached very advanced stages." He pointed out that "this approach contributes to achieving multimodal transport goals, paves the way for connecting Iraq to the European continent and strengthening its role as a regional logistics hub."

He added that “the Development Road Project – Phase One is not limited to linking southern Iraq to its north, but rather serves as the foundation for the Strategic Development Road project, the detailed designs of which have reached advanced stages.” He noted that “the project will provide multiple future connections with Europe, whether via the current road or across its three strategic phases.”

He pointed out that “the strategic dimension of this plan is to transform Iraq into a hub for regional and international transport and trade,” noting that “the negotiations of the assigned government committee, headed by the Minister of Planning and including a team from the Ministry of Transport, with the World Bank resulted in the bank’s approval to finance Iraq with a $930 million loan, allocated to rehabilitating the current railway line and upgrading the technical and administrative capabilities of the General Railways Company.”

He pointed out that “the loan will cover the modernization of the locomotive fleet, the renewal of maintenance workshops, and the development of infrastructure, in addition to providing technical support to enhance the efficiency of institutional performance and modernize railway transport systems within the framework of a comprehensive reform vision.”

He continued, “This project represents a qualitative leap in the transport sector and enhances integration between maritime and railway transport, putting Iraq on the right path to achieving sustainable development and expanding its strategic role in international trade.” https://www.mawazin.net/Details.aspx?jimare=263145

Planning Reveals The Contents Of The Third Poverty Reduction Strategy

Economy |  06/27/2025   Mawazine News - Baghdad -  The Ministry of Planning revealed, on Friday, the contents of the third anti-poverty strategy for the years 2026-2030.

Ministry spokesman Abdul Zahra Al-Hindawi said: "The Higher Technical Committee, headed by Deputy Prime Minister and Minister of Planning Mohammed Tamim, approved the third anti-poverty strategy for the years 2026-2030, during its meeting held at the end of last week." He pointed out that "the approved strategy will be submitted to the Council of Ministers for approval in its final and official form, to enter into force from early 2026 until the end of 2030."

He added that "the strategy includes seven main axes, from which more than 38 activities spread across various sectors emerge. These axes focus on supporting the poor and vulnerable groups in the following areas: health, housing, education, income and food, in addition to the care of the elderly and people with disabilities, children and women's empowerment, and dealing with the effects of climate change and confronting emergencies such as epidemics and others."

He pointed out that "the Ministry of Planning has developed general policies, plans, and procedures, while the implementation of activities will be undertaken by relevant sectoral bodies, such as the Ministries of Construction and Housing, Education, Higher Education, Labor and Social Affairs, as well as local governments and the private sector, which is a partner in the Supreme Technical Committee, as well as the Ministry of Health, the General Secretariat of the Council of Ministers, and the Kurdistan Region."

He explained that "the strategy aims to reduce the poverty rate in Iraq by 50% over the next five years, from the current 17.5% to between 8-9%, and if it succeeds in achieving this, it will be considered a major achievement."   https://www.mawazin.net/Details.aspx?jimare=263149

Oil Heads For Weekly Losses As Middle East Supply Risks Fade

Economy | 06/27/2025  Mawazine News - Follow-up:   Oil is set to decline this week as the ceasefire between Iran and Israel holds and concerns about supply disruptions in the Middle East recede.

Brent crude futures rose 34 cents, or 0.5%, to $68.07 a barrel, while US West Texas Intermediate crude rose 33 cents, or 0.51%, to $65.57 a barrel.   Both benchmarks are on track to decline about 12% for the week.   https://www.mawazin.net/Details.aspx?jimare=263137

Gold Heads For Second Weekly Loss.. What About Other Metals?

Stock Exchange   Gold prices fell on Friday, heading for a second weekly loss, as safe-haven demand was impacted by the ceasefire between Israel and Iran and progress on the US-China trade deal, while investors awaited US inflation data.

Spot gold fell 1.2% to $3,288.55 per ounce by 06:43 GMT. The yellow metal's price has fallen 2.3% so far this week.   US gold futures fell 1.4% to $3,300.40, according to Reuters.

"The market seems very bullish on risk assets, so that is impacting gold prices," said Soni Kumari, a commodities economist at ANZ.

Kumari added that the de-escalation in the Middle East following the ceasefire and progress in US-China trade talks reduces market uncertainty, leading to further price declines.

Iranians and Israelis welcomed the return of normal life after 12 days of the most violent confrontation ever between the two sides, which ended with a ceasefire that took effect on Tuesday.

A White House official said Thursday that the United States has reached an agreement with China on how to expedite shipments of rare earth minerals to the United States amid efforts to end the trade war between the world's two largest economies.

Investors are awaiting US core personal consumption expenditures data, due at 12:30 GMT, for further clarity on the Federal Reserve's monetary policy outlook. Analysts polled by Reuters expect a 0.1% monthly increase and a 2.6% annual increase.

Markets currently expect interest rates to be cut by 63 basis points this year, starting in September.

US President Donald Trump says slowing inflation means the Federal Reserve should cut interest rates, but only two US central bank policymakers have so far indicated they are considering a rate cut at the central bank's July meeting.

Among other precious metals, spot silver fell 0.5% to $36.44 per ounce, platinum fell 2.8% to $1,378.18 after hitting its highest level in nearly 11 years, and palladium rose 0.3% to $1,135.36, its highest level since October 2024.   https://economy-news.net/content.php?id=56697

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 6-28-25

Good Morning Dinar Recaps,

Crypto Momentum Builds: US House Passes Landmark Bill to Boost Blockchain Adoption
By Bitcoinist | June 2025

In a bipartisan push to strengthen U.S. competitiveness and innovation, the U.S. House of Representatives has passed new legislation aimed at accelerating the adoption of blockchain and distributed ledger technologies (DLT) across public and private sectors.

Blockchain Promotion Bill Clears the House

On Thursday, policy platform Bitcoin Laws reported that the House approved HR 1664 — the Deploying American Blockchains Act of 2025. This bill directs the U.S. Secretary of Commerce to lead national efforts in advancing blockchain use cases and ensuring U.S. leadership in this strategic technology.

Originally introduced in February by Rep. Kat Cammack (R-FL) and co-sponsored by Rep. Darren Soto (D-FL), HR 1664 outlines the creation of a Blockchain Deployment Program. The program is tasked with:

• Developing best practices for blockchain integration

• Advising the President on blockchain deployment and competitiveness

• Promoting national security and economic interests through secure DLT use

• Coordinating across federal agencies to provide unified support for blockchain adoption

“This is a forward-thinking bill that places blockchain on the national agenda as a tool for innovation, transparency, and strategic advantage,” said Rep. Cammack during committee discussions.

Advisory Committees and National Oversight

If enacted, the legislation mandates the formation of advisory committees within 180 days to assist in blockchain adoption strategy. These bodies will help shape regulatory, technical, and economic guidance for implementation across industries.

Senate Takes Up Crypto Legislation

The bill now moves to the Senate for consideration, continuing what many see as a wave of legislative momentum around digital assets. HR 1664 follows on the heels of two major crypto-related efforts:

• The GENIUS Act, a bill focused on stablecoin regulation, which recently cleared the Senate

• The CLARITY Act, the House’s crypto market structure bill, which advanced through committee markups

Although discussions continue about merging GENIUS and CLARITY, some lawmakers prefer to keep them separate for strategic passage.

White House Crypto & AI Czar David Sacks summarized the expected timeline:
“July will be a big month — with a bill signing for GENIUS and CLARITY going to the Senate!”

A New Legislative Roadmap for Crypto in America

According to Senate Banking Committee Chair Tim Scott, lawmakers are now targeting a markup in early September and final passage by September 30, staying ahead of the August recess.

With President Donald Trump voicing support for both GENIUS and CLARITY, the stage is set for a landmark summer in U.S. crypto policy.

“President Trump supports CLARITY on market structure as well as GENIUS on stablecoins,” said Sacks, reinforcing the administration’s commitment to crypto innovation.

@ Newshounds News™
Source:  Bitcoinist

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Ripple Ends Legal Fight With SEC: “We’re Closing This Chapter Once and for All,” Says CEO
By The Block | June 2025

In a significant development for the crypto industry, Ripple Labs is officially ending its years-long legal battle with the U.S. Securities and Exchange Commission (SEC). The decision, announced Friday by CEO Brad Garlinghouse, marks a definitive conclusion to one of the longest and most closely watched regulatory disputes in crypto.

Ripple Drops Cross-Appeal in SEC Lawsuit

Taking to X (formerly Twitter), Garlinghouse stated:

“We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.”

Garlinghouse confirmed that Ripple is dropping its cross-appeal, which would have challenged separate elements of the court’s decision. A cross-appeal allows a party to contest different parts of a ruling not addressed in the original appeal.

Background: Ripple’s $1.3 Billion SEC Battle

The case began in 2020, when the SEC accused Ripple of conducting an unregistered securities offering by selling $1.3 billion worth of XRP. The commission claimed that XRP was a security under U.S. law.

In a landmark 2023 ruling, Judge Analisa Torres of the U.S. District Court for the Southern District of New York issued a mixed decision:

• Programmatic XRP sales on exchanges did not violate securities laws, due to the blind bid/ask process.

• Direct institutional sales did constitute securities transactions, exposing Ripple to penalties.

This second finding led to a $125 million civil penalty against the company.

Ripple and SEC Motion Rejected by Judge Torres

Garlinghouse’s announcement came one day after Judge Torres rejected a joint motion from Ripple and the SEC to modify the existing injunction. The two parties had requested a ruling to:

• Dissolve the existing injunction

• Allow $50 million of the $75 million penalty to be paid to the SEC

• Allocate $25 million to Ripple as part of the resolution

The court denied the motion, maintaining its previous rulings.

Ripple Moves On From Legal Saga

Though Ripple had already stated back in March that it would not pursue a cross-appeal, Friday’s statement puts an official capstone on the case. A Ripple spokesperson declined to comment further.

The conclusion of this legal chapter may allow Ripple to re-focus its resources on international expansion and XRP Ledger development, free of the uncertainty that has loomed over the company since 2020.

With the cross-appeal dropped, Ripple now stands fully compliant with the court’s rulings and regulatory penalties, potentially setting a new precedent for future crypto-related enforcement actions.

@ Newshounds News™
Source:  The Block

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“Tidbits From TNT” Saturday Morning 6-28-2025

TNT:

Tishwash:  An imminent agreement between Erbil and Baghdad to resume the region's oil exports and settle employee salaries - Urgent

Member of Parliament, Shwan Muhammad, said on Friday (June 27, 2025) that a comprehensive agreement between Baghdad and Erbil is likely to be reached soon, re-exporting Kurdistan's oil through SOMO and providing a solution to the months-long employee salary crisis.

Mohammed said in a press statement followed by "Baghdad Today" that "the agreement includes exporting the region's oil through the National Marketing Organization (SOMO), with the federal Ministry of Finance responsible for paying the dues of the operating oil companies, while providing guarantees that no obstacles will be placed in the way of the process."

The Kurdish MP explained that "the success of this agreement will have a direct impact on the salaries issue and pave the way for resolving the outstanding financial disputes between the two parties."

As the elections approach, Iraqi parties are preparing for internal and external challenges that require resolving disputes and strengthening the economic front. This is particularly true in light of declining oil exports and increasing international pressure on the federal government to ensure transparency in resource management. Meanwhile, Kurdish demands are escalating to end what has been described as the "collective punishment" policy of the region's employees through salary delays.  link

Tishwash:  Sherwan Dobardani: Erbil and Baghdad have reached an agreement and it must be adhered to.

 A delegation from the federal government arrived in Erbil on Thursday, June 26, 2025, and began its meetings with a delegation from the Kurdistan Regional Government at 5:00 PM, MP Sherwan Dubardani said.

The two sides reached good results and an agreement on resuming Kurdistan oil exports, he added.

"Erbil and Baghdad have reached an agreement to resume the export of Kurdistan Region's oil, and the agreement must be adhered to," Sherwan Dubardani, a member of the Iraqi parliament representing the Kurdistan Democratic Party, told Kurdistan 24 on Friday, June 27, 2025. He added, "A delegation from the Kurdistan Regional Government will meet with oil companies next week."

Dubardani added, "The Kurdistan Regional Government must abide by the law we voted on in the House of Representatives, and Baghdad must abide by the same law. Companies that signed contracts with the regional government have legal contracts according to the same law."

He pointed out that "there is no excuse for the federal government not to abide by the agreements because the Kurdistan Regional Government is prepared to implement the law enacted by the Council of Representatives, which is to pay 50% of the financial revenues to the federal government."

He explained that Iraqi political parties accuse the Kurdistan Regional Government of non-compliance and use slogans against the KRG because they have not delivered anything for their constituents in their provinces. Especially since parliamentary elections are due to be held soon in Iraq, they are using these slogans as political leverage.   link

************

Tishwash:  Erdogan: We will transform geopolitical potential into economic advantage through a "development path" extending from Iraq to Türkiye and on to Europe.

Turkish President Recep Tayyip Erdoğan said that his country will work to transform geopolitical potential into an economic advantage through the "Development Road" project extending from Iraq to Turkey and reaching Europe.

Speaking at the Global Transport Corridors Forum held at the Istanbul Congress Center on Friday, Erdoğan expressed his happiness at his country hosting this forum at a critical time witnessing the reshaping of the global trade route, as well as at hosting representatives from 70 countries in Turkey as part of the forum's activities.

He said: "We hope that the forum participants will have the opportunity to discuss many issues, such as cross-border cooperation opportunities, digital transformation steps, infrastructure investments, and the harmonization of transit transport operations, within the framework of the forum."

He stressed that the forum will be an important platform that showcases Turkey's vision and leadership capacity in the field of transportation to the entire world, rather than just an international meeting.

Erdoğan explained that the "Development Road" impact on production will exceed $50 billion within 10 years and is expected to provide an average of 63,000 job opportunities annually.

The Turkish president indicated that geopolitical potential will be transformed into a comprehensive economic advantage that will benefit the entire region through the "Development Road" project.

He explained that the "Development Road" is a land and railway route extending from Iraq to Turkey and its ports, extending 1,200 kilometers within Iraq, and aims to transport goods between Europe and the Gulf states.

Erdoğan noted that tensions in the Middle East and the uncertainty surrounding the Strait of Hormuz and airspace "reminded us of the importance of safe transport corridors," emphasizing that the importance of logistics lines that facilitate the movement of people and goods in the global economy is growing day by day.

He said, "This approach is the primary motivation behind Turkey's massive investments in land, air, and sea routes, as well as telecommunications and energy lines, particularly over the past 22 years."

He added, "Under our governments, we have invested nearly $300 billion in transportation and communications infrastructure."

He explained that $177 billion of this was spent on highways, $64 billion on railways, $25 billion on airlines, $4 billion on maritime transport, and $25 billion on communications infrastructure.

He added, "The impact of these investments on production has reached $1.65 trillion." Thanks to our investments in transportation, we have also achieved significant increases in employment, and many sectors, from industry to exports, from tourism to logistics, have been positively impacted by these investments."

During his speech, Erdoğan touched on the "Middle Corridor," noting that he expects the trade volume in the Middle Corridor, the railway linking Europe to Asia via Turkey, to reach $75 billion.

Erdoğan explained that the Middle Corridor extends from China to Europe and connects 21 countries via a railway network. It offers transportation twice as fast as maritime routes and nearly four times more economical than air routes.

He pointed out that this project represents a revival of the historic Silk Road, emphasizing the operationalization of the Baku-Tbilisi-Kars railway line, which forms the backbone of the Middle Corridor.

"Alongside all these initiatives, our efforts continue to align the Middle Corridor with the Belt and Road Initiative implemented by the People's Republic of China," Erdoğan continued.

The Middle Corridor is an alternative to the Northern Corridor linking China and Europe. It runs from Turkey to the Caucasus region, then crosses the Caspian Sea to Turkmenistan and Kazakhstan, reaching China.

The Middle Corridor is one of three global trade corridors from China to Europe, the first being the Northern Corridor via Russia, the Southern Corridor via Iran, and the Maritime Corridor via the Suez Canal.

The Middle Corridor is 4,256 km long by road and rail, and 508 km by sea. link

Mot: . Yeppers!!! -- Finded the ""RV Players Spirit Animal" 

Mot:  Just a friendly reminder  

Seeds of Wisdom RV and Economic Updates Friday Afternoon 6-27-25

Good Afternoon Dinar Recaps,

US Judge Denies Ripple–SEC Joint Bid to Slash $125M Penalty
By Cointelegraph | June 2025

A U.S. federal judge has rejected a joint motion from Ripple and the Securities and Exchange Commission (SEC) to reduce a $125 million penalty and vacate prior rulings that classified Ripple’s institutional XRP sales as unregistered securities.

The decision was handed down by Judge Analisa Torres of the U.S. District Court for the Southern District of New York, who reaffirmed that Ripple must adhere to federal securities laws, regardless of evolving SEC policy.

Key Developments:

▪️ Judge Torres denied the request to reduce the $125M civil penalty or reverse the ruling that Ripple’s XRP sales to institutions violated Section 5 of the Securities Act.
▪️ The court emphasized that the appropriate venue for altering a final order is through appeal—not by informal agreement between parties.
▪️ Judge Torres wrote:

“Ripple’s willingness to push the boundaries of the Order evinces a likelihood that it will eventually, if it has not already, cross the line.”

Background:

Ripple and the SEC jointly filed a motion seeking an indicative ruling, asking the lower court to reconsider its final order in light of the SEC’s softened stance on crypto enforcement.

However, Judge Torres rejected this procedural move, stating that nothing has materially changed since her earlier ruling to justify a reduced penalty or reversed injunction.

“They now claim it is in the public interest to cut the Civil Penalty by sixty percent… The Court disagrees,” she added.

Ripple’s Response and the SEC’s Retreat:

While Ripple did not immediately comment, the ruling comes after Ripple CEO Brad Garlinghouse previously declared the SEC’s dropped appeal as a “resounding victory” for the company and the broader crypto industry.

In March, the parties agreed to settle the monetary aspect of the case, proposing a 60% reduction in penalties:
▪️ $50 million to the SEC
▪️ $75 million to be returned to Ripple
▪️ Funds currently held in escrow pending court approval

Why It Matters:

This case has become a cornerstone legal battle for the crypto industry, with Ripple’s partial victories hailed as precedent-setting. Yet, Judge Torres’ refusal to revise the penalty underscores that regulatory enforcement remains grounded in statutory law—not political shifts or private settlements.

Ripple’s legal journey may be winding down, but the court has made it clear: accountability under federal securities laws stands firm.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

Confirmed: ISO® 20022 Message Format Goes Live for Fedwire® on July 14, 2025
By FRB Services | June 2025

After years of preparation in collaboration with the financial industry, the Federal Reserve Financial Services (FRFS) has officially confirmed the implementation of the ISO® 20022 message format for the Fedwire® Funds Service on July 14, 2025.

Fedwire Funds Service Moves Forward With ISO 20022

FRFS has announced that the long-planned migration to ISO 20022 will proceed on schedule. The Fedwire Funds Service software and production infrastructure will remain unchanged, ensuring a seamless transition for institutions already onboarded for compliance.

The message format shift marks a major step toward modernizing U.S. payment systems and aligning with global standards in high-value funds transfer.

“We are confirming that FRFS will move forward with implementing the new ISO 20022 message format on July 14 as planned.”

Testing Continues Through July 11

FRFS urges all participating institutions and service vendors to continue internal testing and validation efforts through July 11, just prior to go-live.

Questions or concerns should be directed to:

• 📧 Fedwire.Funds.Format@ny.frb.org

• 📞 Your FRFS relationship manager or the Support Center

“We appreciate the work, time, and resources you have put into preparing for the new ISO 20022 standard.”

A Key Milestone in U.S. Payment Infrastructure Modernization

The ISO 20022 rollout for Fedwire Funds is part of a broader global migration to richer, structured, and standardized messaging formats, enabling enhanced data handling, interoperability, and automation across banking systems.

This move places the U.S. in line with international payment modernization efforts, joining regions such as Europe and Asia that have already embraced ISO 20022 in real-time gross settlement systems.

@ Newshounds News™
Source:  Federal Reserve Financial Services

~~~~~~~~~

Senate Banking Chair Targets September Deadline for Crypto Market Structure Bill
By Cointelegraph | June 2025

Following the successful Senate passage of the GENIUS stablecoin bill, U.S. lawmakers are setting their sights on broader digital asset market structure legislation—with a new timeline in view.

Sen. Tim Scott Aims for Sept. 30 Deadline

U.S. Senator Tim Scott, Chair of the Senate Banking Committee, announced Thursday that the chamber is working toward passing a digital asset market structure bill by September 30.

“For the market to function completely,” said Scott, “Congress needs to move forward with legislation for both market structure and stablecoins.”

The remarks came during a fireside chat with Senator Cynthia Lummis and White House crypto adviser Bo Hines, as part of a broader effort to advance regulatory clarity in the rapidly evolving digital asset sector.

Lummis offered strong support for Scott’s timeline, stating:

“You’re the chairman, and we will do as you wish. We will make sure that we’re ready to do that.”

GENIUS Act and Market Structure Bills on Parallel Tracks

The push for market structure legislation follows momentum from the GENIUS Act—the Guiding and Establishing National Innovation for US Stablecoins Act—which recently passed the Senate and awaits consideration in the House of Representatives.

▪️ Sen. Lummis warned she would be “extremely disappointed” if both bills aren’t passed before 2026.
▪️ No floor votes have been scheduled yet in either chamber for market structure legislation.

At the Bitcoin Policy Summit earlier this week, Lummis reiterated the importance of getting both pieces of legislation passed to maintain the U.S.'s competitive edge in digital finance.

White House May Push for Accelerated Timelines

Former President Donald Trump, who is seeking re-election, weighed in on the GENIUS Act on June 18, urging the House to “get it to [his] desk, ASAP.”

However, his August target for crypto legislation may conflict with the Senate’s September goal for market structure—raising questions about how the timeline may shift in coming weeks.

Senate Eyes CLARITY Act as a Framework

Lummis added that the Senate may model its legislation on the House’s proposed bill, the Digital Asset Market Clarity Act (CLARITY Act), which passed out of committee in June.

▪️ The Senate version is expected to be drafted before the August recess, with markup scheduled for September.
▪️ The goal: to define which digital assets fall under SEC or CFTC oversight, and to establish regulatory clarity for crypto companies operating in the U.S.

“We’re not just talking about modernization,” one staffer familiar with the bill remarked. “We’re talking about creating a framework that gives innovators, regulators, and investors clear rules of the road.”

Why It Matters:

As regulatory conversations escalate in Washington, a bipartisan, bicameral push toward crypto market structure reform could reshape the digital asset landscape. With the GENIUS Act already gaining traction, attention is now fixed on how soon—and how clearly—Congress can define the future of U.S. crypto regulation.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Friday Morning 6-27-25

Good Morning Dinar Recaps,

BRICS Summit Shaken as Xi Jinping and Putin Skip Key Brazil Meeting
By Watcher.Guru | June 2025

The upcoming BRICS summit in Rio de Janeiro has plunged into uncertainty after it was confirmed that both Chinese President Xi Jinping and Russian President Vladimir Putin will not attend. Their absence—unprecedented in the bloc’s history—raises serious concerns about the leadership cohesion and future direction of the expanded alliance.

No-Show: ICC Warrant Disrupts Attendance

Russian President Vladimir Putin will not attend the July 6–7 summit due to the International Criminal Court (ICC) arrest warrant issued against him in March 2023. The warrant, tied to allegations of war crimes involving the deportation of Ukrainian children, legally obliges Brazil, an ICC member, to detain him if he enters the country.

“This is related to certain difficulties in the context of the ICC’s demands,” said Russian foreign policy aide Yuriy Ushakov. “The Brazilian government was unable to take a clear position that would allow our president to participate.”

Putin will instead join virtually, while Foreign Minister Sergey Lavrov leads Russia’s in-person delegation. This continues Putin’s avoidance of ICC member states—he also skipped the G20 in Brazil last year.

Xi Jinping Breaks Decade-Long Attendance Streak

In a historic first, Xi Jinping will not attend the BRICS summit—a major shift for the Chinese leader who has been present at every summit since assuming power. Instead, Premier Li Qiang will represent China, as he did during the 2023 G20 summit in India.

Officially, Beijing cites a scheduling conflict, but reports suggest deeper reasons:

▪️ Diplomatic sources hint at displeasure over Brazil’s warm reception of Indian PM Narendra Modi, potentially seen as undermining Xi’s role.
▪️ Xi previously met with Brazilian President Luiz Inácio Lula da Silva twice in 2024, raising expectations of a reciprocal visit.

Brazil Left Scrambling Amid Leadership Crisis

Brazilian officials have expressed clear disappointment as the summit host country, calling this a “BRICS leadership crisis.” President Lula’s May trip to Beijing was intended as a goodwill gesture to strengthen ties.

Despite Xi’s absence, China’s Foreign Ministry voiced support for the summit:

“In a volatile and turbulent world, BRICS nations maintain their strategic resolve and work together for global peace, stability, and development,” said ministry spokesperson Guo Jiakun.

Yet behind the diplomacy, the absence of both Putin and Xi has created an unmistakable vacuum at the top of the BRICS bloc.

Unity in Question as BRICS Expands

With the recent expansion of BRICS to include Egypt, Ethiopia, Iran, and the UAE, the bloc faces new complexity in aligning its geopolitical interests. But the absence of its two most prominent leaders—one for legal reasons, the other for diplomatic concerns—underscores the fragility of BRICS’ unity.

The dual absence “exposes the limits of international cooperation under pressure from legal and geopolitical constraints,” said one analyst.
“It weakens the bloc’s ability to present a united front in contrast to Western institutions.”

What Lies Ahead?

Though the summit will proceed, led by Li Qiang and Sergey Lavrov, the leadership void casts a long shadow. The BRICS initiative—long positioned as an alternative to U.S.-dominated global systems—now faces deeper questions:

▪️ Can the bloc maintain coherence with rising internal tensions?
▪️ Will future summits restore full leadership participation?
▪️ And how will these developments impact BRICS’ long-term role in shaping a multipolar global order?

For now, the Rio summit may proceed, but the tone is cautious, not triumphant.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Friday Morning 6-27-2025

TNT:

Tishwash:  Al-Mashhadani hopes that Iraqis will achieve their aspirations for a dignified and prosperous life.

During his congratulations on the Hijri New Year

Parliament Speaker Mahmoud al-Mashhadani congratulated Iraqis on Thursday on the occasion of the new Hijri year, wishing them the fulfillment of their aspirations for a dignified and prosperous life.

Al-Mashhadani's office said:

The Speaker of the Iraqi Council of Representatives, Dr. Mahmoud Al-Mashhadani, extends his sincere congratulations and best wishes to our honorable people and to the entire Islamic nation on the occasion of the new Hijri year.

 He asks God Almighty to make it a year of goodness, peace, and stability, in which the aspirations of our people for a dignified and prosperous life are fulfilled, and to bring this occasion back to our beloved Iraq while it enjoys glory and progress, and to bring security, peace, and unity to our Islamic nation.  link

Tishwash:  Iraq chairs the Asia-Pacific group and receives international endorsement

Iraq assumed the presidency of the Asia-Pacific Group for the month of July, and received the group's support for its candidacy for membership in the Human Rights Council (2026–2028). The Ministry of Foreign Affairs stated that “the monthly meeting of the Asia-Pacific Group was held for the month of June at the United Nations headquarters in New York, during which the group’s countries announced their support and endorsement of the Republic of Iraq’s candidacy for membership in the Human Rights Council for the period 2026–2028.”

 He added that “this endorsement is the result of the intensive diplomatic efforts made by the Iraqi Ministry of Foreign Affairs, through its permanent missions and embassies around the world, as part of the nomination campaign that reflects Iraq’s firm commitment to the values ​​and principles of human rights.”

 The Permanent Representative of the Republic of Iraq to the United Nations, Abbas Kazim Obaid, expressed his “deep thanks and gratitude to the member states of the regional group for their support,” noting that “this endorsement represents an important milestone in the nomination process and adds a double responsibility to the Iraqi delegation ahead of the elections scheduled for the United Nations General Assembly in October 2025.”

In his address to the group, Obaid stressed that “Iraq’s candidacy for membership in the Human Rights Council is based on the national achievements and measures taken by the Iraqi government in the field of promoting human rights, as well as Iraq's constructive cooperation with relevant UN mechanisms." During the meeting, the Permanent Representative of the Islamic Republic of Iran, in his capacity as Chair of the Group for the month of June, announced that "Iraq will assume the chairmanship of the Asia-Pacific Group for July 2025, a step that reflects the growing confidence in Iraq's active role within the UN system.

The handover ceremony took place, and all missions of Member States and regional groups were officially informed." At the conclusion of the meeting, the Member States of the Group expressed their congratulations to Iraq on assuming the chairmanship of the Group, expressing their confidence in its ability to effectively represent the Group's interests and priorities.  linl

************

Tishwash:  Government advisor: The ceasefire agreement provided temporary relief to oil markets

 The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed on Thursday that the ceasefire agreement between Iran and the Zionist entity has returned oil markets to a downward trend.

Saleh told the Iraqi News Agency (INA): "Following the announcement of a ceasefire agreement between Iran and the Zionist entity, which halted threats to close the vital Strait of Hormuz - threats issued within the context of escalation with the Zionist entity - oil markets returned to a downward path and headed towards peace indicators, after a sudden hedging wave that they witnessed at the height of tension."

He added, "The Strait of Hormuz is strategic, through which approximately 20% of the world's crude oil passes, in addition to a third of liquefied natural gas supplies destined for international markets under ongoing, long-term contracts." He noted that "the decision to cease the war has given energy markets a strong positive signal indicating the stability of supply routes, especially in the world's most important energy corridor."

“This was directly reflected in Brent crude prices, which are considered a benchmark for oil pricing, as they recorded an immediate drop of more than 5%, equivalent to $3 to $4 per barrel in a single session. This is considered one of the largest daily declines in recent times, which means the end of the threat and the return of balance to the market,” he continued, stressing that “the end of the threats that were threatening the Strait of Hormuz and the return to the language of calm represented a temporary moment of relief for the markets. However, in reality, this relief does not necessarily mean long-term stability, as the fragility of the truce and the possibility of renewed clashes if diplomatic efforts fail, maintain a high level of caution in future forecasts.”

He explained that "the market is now pricing oil and is once again being affected by traditional economic factors: from weak demand, to OPEC+ production policies, to competition between exporting countries from within and outside the organization."

He pointed out that "public finances in Iraq must adhere to the constants of hedging and financial discipline included in Law No. 13 of 2023 (the three-year budget), which is spending according to the optimal minimum requirements and resorting to domestic borrowing when needed, as permitted by the law and in a way that does not disrupt basic operational and investment expenditures, even with the disappearance of the (strategic oil premium) generated by threats to the Strait of Hormuz." link

Mot:  One of the ""Joys"" of being Retired!!!! 

Mot: . I've Been Bored so I ~~~

MilitiaMan & Crew: Iraq Dinar Update- Development Road Project, Salaries, Budget

MilitiaMan & Crew:  Iraq Dinar Update- Development Road Project, Salaries, Budget

6-26-2025

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

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

https://www.youtube.com/watch?v=kpkB-V54E8s

Iraq Economic News and Points To Ponder Thursday Afternoon 6-26-25

Expert: Economic Stability In Iraq...And Identifies A Prominent Reason

Time: 2025/06/26 Reading: 225 times  {Economic: Al Furat News} Economic expert Abdul Rahman Al Mashhadani confirmed that Iraq is currently experiencing a degree of local economic stability, attributing this to continued government support for the fuel sector and energy provision.

Al-Mashhadani explained in a statement to Al-Furat News that: "The stability includes subsidized gasoline, diesel, and gas, in addition to providing free fuel to private generators to ensure the continuity of electricity for citizens."

He pointed out that "the ampere prices set by the Baghdad Provincial Council for this month were identical to those set last month, indicating relative stability in this aspect of services."

However, Al-Mashhadani warned that "this stability could be negatively impacted if the war continues, especially given the potential for the security situation to deteriorate as a result of the conflict escalating in Iraqi airspace." He noted that "the calm of the government and citizens, along with the end of the war, played a significant role in maintaining economic stability across all sectors."   LINK

Sudanese Advisor: The Ceasefire Agreement Provided Temporary Relief To Oil Markets.

Energy  Economy News – Baghdad   The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed on Thursday that the ceasefire agreement between Iran and the Zionist entity has returned oil markets to a downward trend.

Saleh told the official agency, followed by Al-Eqtisad News, that "following the announcement of a ceasefire agreement between Iran and the entity, which halted threats to close the vital Strait of Hormuz - threats issued within the context of escalation with the entity - oil markets returned to a downward path and headed towards peace indicators, after a sudden hedging wave that it witnessed at the height of tension."

He added, "The Strait of Hormuz is strategic, through which approximately 20% of the world's crude oil passes, in addition to a third of liquefied natural gas supplies destined for international markets under ongoing, long-term contracts.

" He noted that "the decision to cease the war has given energy markets a strong positive signal indicating the stability of supply routes, especially in the world's most important energy corridor."

“This was directly reflected in Brent crude prices, which are considered a benchmark for oil pricing, as they recorded an immediate drop of more than 5%, equivalent to $3 to $4 per barrel in a single session.

This is considered one of the largest daily declines in recent times, which means the end of the threat and the return of balance to the market,” he continued, stressing that “the end of the threats that were threatening the Strait of Hormuz and the return to the language of calm represented a temporary moment of relief for the markets.

However, in reality, this relief does not necessarily mean long-term stability, as the fragility of the truce and the possibility of renewed clashes if diplomatic efforts fail, maintain a high level of caution in future forecasts.”

He explained that "the market is now pricing oil and is once again being affected by traditional economic factors: from weak demand, to OPEC+ production policies, to competition between exporting countries from within and outside the organization.

" He pointed out that "public finances in Iraq must adhere to the constants of hedging and financial discipline included in Law No. 13 of 2023 (the three-year budget), which is spending according to the optimal minimum requirements and resorting to domestic borrowing when needed, as permitted by the law and in a way that does not disrupt basic operational and investment expenditures, even with the disappearance of the (strategic oil premium) generated by threats to the Strait of Hormuz."   https://economy-news.net/content.php?id=56663

Parliamentary Warnings Of The Repercussions Of Dependence On Oil

Buratha News Agency1452025-06-26   The Parliamentary Finance Committee warned on Thursday, June 26, against continuing to rely on oil prices, as it is considered a risk to the Iraqi economy.

Committee member Mustafa Al-Karawi told Al-Sumaria TV that, “There was an increase in oil prices during the past crisis represented by the war between the Islamic Republic of Iran and the usurping Zionist entity, due to market turmoil and export problems. Consequently, this increase was reflected positively in the country’s financial aspect.” He added,

“However, in general, this is not considered a real increase, as there are circumstances that may affect the reduction of the oil price to below the normal price, and thus continuing to rely on oil prices is considered a risk to the Iraqi economy.”

He explained that "another parallel economy must be built to compensate and support the country in the event of any external problems, given that oil prices are controlled by others. In contrast, the internal economy and non-oil revenues can be in the hands of the Iraqi government.

" He indicated, "We hope for security and economic stability in the region so that there is no direct impact on the country or on neighboring Islamic countries."   https://burathanews.com/arabic/economic/462060

Iraq's Oil Exports Exceed 500 Million Barrels In Five Months

Energy  Economy News – Baghdad  Iraq's oil exports in the first five months of 2025 exceeded 500 million barrels.

According to statistics announced by SOMO, "Iraq's total oil exports during the first five months of this year amounted to 507 million, 699 thousand, and 760 barrels, at a rate of 101 million, 539 thousand, and 932 barrels per month."

She added, "The total oil exported from the Basra and central fields from Basra ports amounted to 492 million, 543 thousand, and 872 barrels, while the total exported from the Qayyarah field from Kirkuk amounted to 4 million, 745 thousand, and 590 barrels."

Statistics also indicated that "oil exports from the modern Kirkuk depot to Jordan during this period amounted to 1,649,316 barrels." According to SOMO, "financial revenues from exports for the months of March, April, and May amounted to $20 billion, 816 million, 452 thousand, and 330 dollars." https://economy-news.net/content.php?id=56665

Dollar Exchange Rate Fluctuations Against The Dinar In Baghdad

Economy | 10:46 - 06/26/2025  Mawazine News - Baghdad -  The US dollar exchange rate witnessed a decline in local markets on Thursday morning.

It decreased slightly on the Al-Kifah and Al-Harithiya stock exchanges, recording 141,400 Iraqi dinars for every $100, while yesterday morning, Wednesday, it recorded 141,500 dinars for every $100.

Selling prices in exchange shops in local markets in Baghdad also stabilized, with the selling price reaching 142,500 Iraqi dinars for every $100, and the purchase price reaching 140,500 dinars for every $100.   https://www.mawazin.net/Details.aspx?jimare=263102

The Minister Of Interior Affirms Iraq's Keenness To Consolidate Cooperation With NATO In The Areas Of Training And Capacity Building.

A wish | 06/26/2025  Mawazine News - Baghdad -   Interior Minister Abdul Amir Al-Shammari affirmed, on Thursday, his keenness to enhance coordination with NATO, especially in the field of training and capacity building.

The ministry said in a statement received by Mawazine News: "Interior Minister Abdul Amir Al-Shammari met with the Commander of the NATO Mission in Iraq, Major General Christophe Hintery, and his accompanying delegation."

The statement added, "At the beginning of the meeting, the Minister welcomed his guests and discussed with them a number of topics of common interest, most notably the Iraqi Ministry of Interior's readiness to cooperate with the mission in all training fields. Regional developments were also discussed during this meeting."

According to the statement, the Minister stressed his keenness to "strengthen bilateral relations and enhance coordination, especially in the field of training and capacity building."

For his part, the NATO Commander praised "the remarkable security stability in all Iraqi governorates, appreciating the efforts of the Iraqi Ministry of Interior in supporting security work and its cooperation in the field of training, especially as it is an advanced ministry in security issues."

The statement added, "The meeting discussed cooperation in the fields of cybersecurity, international border control, combating drugs, and training operations for the Federal Police Forces Command." https://www.mawazin.net/Details.aspx?jimare=263115

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