Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Iraq Economic News and Points To Ponder Friday Morning 5-29-26

A US budget of $778.5 million to upgrade 5 military bases

Money and Business    Economy News — Follow-up   Pentagon documents for fiscal year 2027 show that the Missile Defense Agency requested $778.5 million in funding to upgrade the ground infrastructure of the missile defense system at five military bases.

The Russian news agency Novosti, after reviewing the documents, indicated that the Pentagon is seeking to upgrade five military bases to accommodate new interceptor missiles.

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Friday Iraq News Posted by Tishwash at TNT

TNT:

Tishwash:  Al-Zidi and Al-Sudani affirm their support for development plans and the completion of the government formation.

Prime Minister Ali Faleh al-Zaidi and the head of the Reconstruction and Development Coalition, Mohammed Shia al-Sudani, stressed on Thursday the importance of continuing to support the government in implementing its development programs and completing the government formation, in line with the aspirations of the Iraqi public.

The Prime Minister’s Media Office stated in a statement that “Prime Minister Ali Faleh Al-Zaidi met today with the head of the Reconstruction and Development Coalition, Mohammed Shia Al-Sudani.”

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Iraq Economic News and Points To Ponder Thursday Afternoon 5-28-26

Iraq To Probe Major State Contracts In Corruption Crackdown

2026-05-28Shafaq News- Baghdad   Iraqi Prime Minister Ali Al-Zaidi on Thursday ordered corruption investigations into several major government contracts as part of his new administration’s anti-corruption campaign and “efforts to protect public funds.”

Al-Zaidi directed oversight authorities and law enforcement agencies to examine contracts previously signed by ministries and state institutions to determine whether they “complied with Iraqi laws, safeguarded public interests, and resulted in financial harm to the state.”

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Bond Vigilantes Are Back: The Debt Bubble Is Breaking

Bond Vigilantes Are Back: The Debt Bubble Is Breaking

Lynette Zang:  5-28-2026

Rising interest rates, exploding debt, and stubborn inflation are putting enormous pressure on the global financial system.

 In this livestream, Lynette Zang breaks down why bond markets are flashing warning signs, why Main Street is struggling while Wall Street celebrates, and why physical gold and silver demand continues rising worldwide.

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Economics, News, sovereign man DINARRECAPS8 Economics, News, sovereign man DINARRECAPS8

US Treasury Pays 3.7%, Violates Every AML Regulation On The Books

US Treasury Pays 3.7%, Violates Every AML Regulation On The Books

Notes From the Field By James Hickman (Simon Black / Sovereign Man) May 28, 2026

Opening a bank account in the Land of the Free today feels like applying for a top secret security clearance.  Banks often require multiple forms of ID, proof of address, proof of employment, plus detailed explanations of where your money came from, what you plan to do with it, and who you plan to send it to.

And that's just to get the account open. Once you've actually been deemed worthy of handing over your money to them, the surveillance really kicks in.

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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Iraq Economic News and Points To Ponder Thursday Morning 5-28-26

Basrah Crude Drops Despite Global Oil Rise

2026-05-28Shafaq News– Basrah   Basrah crude slipped by more than 1% on Tuesday, diverging from broader gains in global oil markets.

Basrah Heavy crude fell 1.22%, or $1.19, to $96.19 per barrel, while Basrah Medium crude declined 1.20% to $98.29 per barrel.   Globally, Brent crude rose $3.51, or 3.72%, to $97.8 a barrel. US West Texas Intermediate (WTI) crude gained $3.31, or 3.73%, to reach $91.99 per barrel.

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Thursday AM Iraq News Posted by Tishwash at TNT

TNT:

Tishwash:  Former MP: The government faces two paths: borrowing or raising the exchange rate.

Former member of the parliamentary finance committee, Abdul Hadi Mouhan, confirmed that the new government faces two paths: either external borrowing or increasing the exchange rate domestically in order to increase revenues under the current circumstances.

Mohan told Al-Maalomah, "There are two paths for the new government led by Ali Al-Zidi to ensure the securing of expenses, especially operational ones, by moving towards external borrowing, which is the most dangerous path that Iraq will face if it goes in this direction."

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Iraq Economic News and Points To Ponder Wednesday Afternoon 5-27-26

Political Warnings About The Repercussions Of Dollar Fluctuations...And The Absence Of Economic Strategies Threatens The Livelihoods Of Vulnerable Groups

Information/Report..  Political and popular concerns are escalating in Iraq as the dollar exchange rate continues to fluctuate, amid criticism of the lack of comprehensive economic reform plans and the near-total reliance on oil revenues compared to weak support for productive sectors, which has negatively impacted the living conditions of citizens and disrupted local markets.

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