Dinar Recaps 20 6/12/26 Dinar Recaps 20 6/12/26

Friday Iraq News Posted by Tishwash at TNT 6-12-2026

TNT:

Tishwash: Minister of Finance: We are proceeding with preparing the program budget and modernizing banking systems.

Finance Minister Falih Sari affirmed on Friday the continuation of modernizing banking, tax and customs systems and developing mechanisms for preparing program budgets, while expressing Iraq's aspiration to benefit from Australian expertise to support development and diversify the economy.

The Ministry of Finance stated in a statement received by Al-Furat News that "the Minister of Finance received the Australian Ambassador to Iraq, Glenn Miles, to discuss ways to strengthen economic relations and expand cooperation in the financial and banking fields between the two countries."

TNT:

Tishwash: Minister of Finance: We are proceeding with preparing the program budget and modernizing banking systems.

According to the statement, Sari emphasized "the Ministry's keenness to develop sound international partnerships and benefit from Australian expertise in supporting sustainable development projects and diversifying the national economy."

He pointed out that "the ministry is proceeding with updating banking, tax and customs systems, and developing mechanisms for preparing program budgets, in order to enhance the efficiency of financial management and raise the level of institutional performance."

For his part, the Australian ambassador affirmed his country’s desire to strengthen joint cooperation and exchange experiences, in order to support economic reform efforts and the development of the financial sector in Iraq. link

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Tishwash: Al-Fahdawi: Iraq does not need Gulf loans and its economy is collapsing, but it will recover.

On Thursday, Muhammad al-Fahdawi, a leader in the Azm Alliance, revealed that the Gulf states refused to lend to Iraq due to the lack of political guarantees because of the tense situation in the region resulting from the war with Iran and the closure of the Strait of Hormuz.

Al-Fahdawi told Al-Maalouma News Agency that “the weakness of the country’s financial management is behind its resorting to asking the Gulf states to support it financially, and all data indicates that the Iraqi economy will recover without the need to borrow from the Gulf states, which handed over the management of their countries’ affairs to the Trump administration, and that the economic crisis that the country is going through has not led to the collapse of its economy.”

He added that "the Gulf states stipulated guarantees from Iraq in order to lend to it and provide financial support to rescue its economy, which is burdened with debt due to weak financial management and its inability to address the economic crisis in a well-thought-out manner, away from the improvisations that destroyed the country's economy."

He explained that "the lending process is difficult in light of the current circumstances in the region resulting from the Zionist-American aggression against Iran, the closure of the Strait of Hormuz, and the cessation of oil exports outside of Iraq."

He affirmed that "the Iraqi economy is not suffering from a major financial crisis domestically, but it is experiencing a shortage of liquidity," ruling out the collapse of the Iraqi economy in the current period. link

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Tishwash: Al-Tamimi: Competent economic advisors are the key to overcoming the financial crisis

Economic researcher Qasim Al-Tamimi explained on Thursday that the government needs high-level economic advisors to get Iraq out of its current crisis, after the decline in oil revenues due to the current situation in the region.

Al-Tamimi told Al-Maalomah, "Prime Minister Ali al-Zubaidi can overcome the current economic crisis in the country by finding highly specialized advisors, far removed from the traditional advisors who have served in successive governments without contributing anything to the Iraqi economy."

He added, "There is a pressing need for a group of economic advisors who can provide the new government with more solutions to overcome the current crisis.

Therefore, the economic situation in Iraq can be addressed, but it is somewhat difficult."
He explained that "Iraq is currently suffering from many economic problems due to the decline in oil revenues caused by the current regional crisis and the ongoing military escalation. This necessitates taking decisions that will save Iraq from its crisis without harming the living conditions of its citizens." link

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Tishwash: Al-Zidi discusses investment opportunities and joint cooperation with Spain

Prime Minister Ali Faleh al-Zaidi discussed on Thursday (June 11, 2026) with the Ambassador of the Kingdom of Spain to Iraq, Alicia Rico Perez, ways to enhance investment opportunities and expand areas of joint cooperation between Baghdad and Madrid in various economic and development sectors.

The Prime Minister's Media Office stated in a statement received by "Baghdad Today" that "Prime Minister Ali Faleh Al-Zaidi received today the Ambassador of the Kingdom of Spain to Iraq, Alicia Rico Perez."

The statement added that "Perez conveyed the congratulations of Spanish Prime Minister Pedro Sanchez to Al-Zaidi on gaining the confidence of the House of Representatives and forming the new government, stressing her country's keenness to strengthen bilateral relations between Iraq and Spain and expand the prospects of joint cooperation in various fields."

During the meeting, the Prime Minister affirmed, according to the statement, "the depth of the distinguished relations that unite the two countries, and Iraq's readiness to develop and enhance them, especially in the economic, developmental and investment fields, in a way that serves the common interests of the two friendly peoples."

He added that "the Spanish ambassador praised the successes achieved by the Iraqi government in strengthening state sovereignty and restricting weapons to its own hands, stressing that these steps contribute to consolidating stability and improving the investment environment, and expressed the desire of Spanish companies to expand their presence and investments in Iraq and participate in the development opportunities that the country is witnessing." link

Tishwash: Samsung opens its largest branch in Baghdad and launches exceptional offers.

Samsung has opened its largest smartphone branch in the Levant region inside "Iraq Mall" in the capital, Baghdad, in a move the company described as a historic milestone reflecting its confidence in the Iraqi market and its commitment to providing a direct global experience to consumers.

During the opening ceremony, the company confirmed that choosing Iraq to host the largest mobile phone exhibition in the region stems from its belief in the country’s economic potential and its desire to strengthen its presence and expand its services to the Iraqi user.

She explained that the choice of "Mall of Iraq" came as a result of its strategic location in the capital, Baghdad, and the modern and vibrant environment it provides, which is consistent with Samsung's identity as a leading company in the fields of technology and innovation.

Samsung indicated that the project will contribute to supporting the local economy by providing new job opportunities for Iraqi youth, as well as providing specialized training programs according to the latest global standards in the retail and technology sector, which will contribute to developing the professional skills of workers.

The new showroom offers visitors the opportunity to experience Samsung’s latest smartphones and wearable devices, learn about artificial intelligence technologies and modern features firsthand before purchasing, and receive technical advice from specialized and trained staff.

The branch also provides officially certified after-sales services, with direct warranties and guarantees from Samsung, as well as providing technical support and original spare parts, which enhances the Iraqi consumer's confidence in the products and services provided.

The company announced the launch of exceptional offers to mark the opening, stressing that the new branch represents the beginning of an ambitious expansion plan aimed at enhancing its presence in various Iraqi governorates and providing the latest technological innovations to users in conjunction with their global launch.

For his part, the regional director of Samsung Electronics Levant, Moataz Al-Aqrabawi, said that the opening of the showroom represents a fundamental turning point in the company’s strategy within Iraq, stressing that Samsung views the challenges as an incentive to continue developing and strengthening its commitment to the Iraqi consumer.

The largest mobile phone exhibition in the Levant

Al-Aqrabawi pointed out that the presence of the largest smartphone exhibition in the Levant region inside Iraq reflects the extent of the confidence that Samsung places in the Iraqi economy, and confirms its desire to provide a direct global experience for users without intermediaries.

He added that the choice of “Mall of Iraq” came after an extensive study of the location, as it represents a modern and advanced destination in the heart of the capital, Baghdad, and provides easy access for customers from different areas, in addition to its modern environment being in harmony with Samsung’s identity based on innovation and modern technologies. link

DINARRECAPS8 6/12/26 DINARRECAPS8 6/12/26

Iraq Economic News and Points To Ponder Friday Morning 6-12-26

Finance Minister: We Look Forward To Benefiting From Australian Expertise To Support Development And Diversify The Economy.

Money and Business Economy News – Baghdad Finance Minister Faleh Sari received Australian Ambassador to Iraq Glenn Miles to discuss ways to strengthen economic relations and expand cooperation in the financial and banking sectors between the two countries.

Finance Minister: We Look Forward To Benefiting From Australian Expertise To Support Development And Diversify The Economy.

The minister stressed the ministry’s keenness to “develop solid international partnerships and benefit from Australian expertise in supporting sustainable development projects and diversifying the national economy, noting that the ministry is proceeding with modernizing banking, tax and customs systems, and developing mechanisms for preparing program budgets, in order to enhance the efficiency of financial management and raise the level of institutional performance.”

https://www.economy-news.net/content.php?id=70148

The Dollar Stabilizes Thanks To Hopes Of A Middle East War End.

Money and Business Economy News - Follow-up The dollar recovered in early trading on Friday after falling to its lowest level in a week, as traders assessed news suggesting a possible agreement to end the war in the Middle East soon.

The US dollar rose 0.1% to 160.07 yen. The Australian dollar fell 0.1% to $0.7045, and its New Zealand counterpart also declined 0.1% to $0.5830.

The euro was last trading at $1.1576, near its highest level in a week, after the European Central Bank raised interest rates for the first time in three years on Thursday. Sterling was steady at $1.3414.

"Market sentiment shifted late in the U.S. session after President Trump called off planned attacks on Iran, suggesting a possible deal could be signed over the weekend," analysts from Westpac wrote in a note to clients.

Brent crude fell 1.6% to $88.94 a barrel as trading resumed in Asia, after President Donald Trump said on Thursday that the United States and Iran could sign a peace agreement early next week, which would reopen the Strait of Hormuz to shipping. Iran responded that it had not yet reached a final decision on the agreement.

https://www.economy-news.net/content.php?id=70135

Gold Is Heading For A Weekly Loss Amid Inflation Fears And Expectations Of An Interest Rate Hike.

Money and Business Economy News — Follow-up Gold prices fell on Friday, heading for a weekly loss under pressure from concerns about inflation and the possibility of a US interest rate hike.

By 0252 GMT, spot gold had fallen 0.5% to $4,191.17 per ounce, heading for a weekly loss of 3.2%. Meanwhile, U.S. gold futures for August delivery rose 2.4% to $4,212.70.

Gold fell to its lowest level in more than six months on Thursday before closing higher at $4,219.69, after US President Donald Trump called off planned military strikes against Iran and hinted at an imminent peace agreement.

https://www.economy-news.net/content.php?id=70134

Iran Responds To Trump: Oil And Gas Exports Will Either Be Open To Everyone Or To No One.

Energy Economy News - Follow-up In response to US threats to target Iranian oil infrastructure, the commander of the Khatam al-Anbiya headquarters in Iran asserted that "oil and gas exports will either be available to everyone or they will not be available to anyone."

Major General Ali Abdollahi said in statements carried by official Iranian media: “America talks about agreement and negotiation on one hand, and on the other hand engages in hostile acts. This clear contradiction between its words and actions is the main factor of insecurity in the region, which has endangered the security of international trade and the economy, and the security of countries, especially the Strait of Hormuz.”

Abdullahi added: “American officials, due to their lack of proper understanding of the proud and courageous nature of the Iranian people and their capable armed forces, continue to spin in a vicious cycle, and the repeated American lies are one of the most prominent signs of this.

They will never be able, through propaganda and media warfare, to compensate for the humiliation and successive defeats they have suffered in their confrontation with the Islamic Republic of Iran, or to hide their tendency to ignite wars.”

Abdullahi warned the United States against launching new attacks against Iran, stressing that it would receive a harsher response than before and that the flames of war would widen and spread, along with exacerbating the state of instability in the region.

He concluded by saying: “In light of the recent American threats against Iranian oil infrastructure, we declare that oil and gas exports will either be open to everyone, or they will be open to no one.”

US President Donald Trump threatened on Thursday that the United States would "hit Iran very hard again tonight" and that "at some point in the not-too-distant future, we will take over Kharg Island and other oil infrastructure points and take full control of the (Iranian) oil and gas markets," but he backed down from the plan to strike Iran later that same day "because discussions with the Islamic Republic of Iran have been raised to the highest levels of the Iranian leadership and have been approved."

https://www.economy-news.net/content.php?id=70149

The First Person In The World... Elon Musk's Wealth Exceeds One Trillion Dollars

Money and Business Economy News - Follow-up SpaceX, the space technology company owned by American businessman Elon Musk, announced on Friday that it had launched its shares on the global market at an initial price of $135 per share, raising approximately $75 billion.

SpaceX said it sold about 555.6 million shares at the offering price, giving the company a market value of about $1.77 trillion.

This valuation would make Musk the first person whose net worth exceeds $1 trillion, based on the value of his stakes in SpaceX and electric car manufacturer Tesla.

SpaceX’s financial results contrast sharply with its market value, highlighting investors’ expectations for future growth, as the company reported a net loss of nearly $5 billion last year on revenues of $18.67 billion.

Much of the spending has been directed toward developing the company's giant Starship rocket, and SpaceX's main source of revenue is its Starlink satellite internet business. The company has also promoted artificial intelligence and space-based data infrastructure as future growth opportunities.

Musk will retain control of SpaceX after the listing through shares that carry enhanced voting rights, leaving him with more than 80% of the voting power.

Unlike most initial public offerings, SpaceX set its own offering price in advance, whereas companies typically market shares within a price range and determine the final price based on investor demand.

https://www.economy-news.net/content.php?id=70140

Cross-Border Drug Operations Reach 65 Since 2023

2026-06-12 Shafaq News- Baghdad Daily raids across Baghdad, provincial cities, and border crossings have netted tens of thousands of suspects and dozens of tons of controlled substances in 2026, as Iraqi security forces press “an open war” against narcotics networks, according to the General Directorate for Narcotics Affairs and Psychotropic Substances at the Interior Ministry.

Security Operations

The directorate's Media and Public Relations Director, Col. Abbas al-Bahadli, told Shafaq News that the campaign marks a structural turning point for Iraqi counter-narcotics efforts.

The directorate, he said, was previously composed of small units attached to police and intelligence services with limited capacity to confront the scale of the threat. The Interior Ministry has since expanded it into a standalone general directorate with a direct ministerial reporting line and a provincial field presence.

Operational strategy has also shifted, according to al-Bahadli. The directorate has moved from a containment phase to confrontation and pre-emptive operations, he said, adding that thousands of networks have been dismantled and the country's most significant traffickers arrested in recent years.

Iraqi forces have conducted approximately 65 operations outside Iraq since 2023, coordinated with regional and international partners, with the stated aim of intercepting shipments before they reach Iraqi territory. The operations target local dealers, major traffickers, and cross-border smuggling rings beyond Iraqi territory.

“The external operations are the ministry’s broader strategy to block narcotics at their source.”

Smuggling methods have also grown more sophisticated, including the use of airborne balloons to cross the border —a technique documented in a recent operation in western al-Anbar province, where authorities intercepted a consignment of more than 198,000 narcotic tablets.

Rehabilitation and Social Dimensions

Alongside the security operations, Iraq has established 16 rehabilitation centers offering psychological, medical, and social treatment for addicts, including three in Baghdad, al-Bahadli said. More than 7,270 individuals have completed treatment and reintegrated into society since 2023.

A policy change separating addicts from traffickers in the custodial system was also cited as a significant procedural reform; previously, addicts were held alongside dealers in the prison population.

Al-Bahadli also pointed to price movements in the narcotics market as evidence of operational impact: crystal methamphetamine prices have risen from approximately 10,000 dinars ($7.63) per gram to around 200,000 dinars ($152.6), a shift he attributed to reduced supply resulting from sustained security pressure on distribution networks.

“Youth are the primary target demographic of narcotics networks,” al-Bahadli warned, with individuals between 16 and 40 years of age most at risk. He described the pattern as a deliberate effort to drain the country of its productive human capital.

https://www.shafaq.com/en/Security/Cross-Border-drug-operations-reach-65-since-2023

DINARRECAPS8 6/12/26 DINARRECAPS8 6/12/26

Seeds of Wisdom RV and Economics Updates Friday Morning 6-11-26

Good Morning Dinar Recaps,

Global Markets Rally as Iran Peace Hopes Drive Oil Prices Lower

Investor optimism surged across global markets after President Donald Trump indicated that a peace agreement with Iran could be finalized within days, fueling expectations of improved energy stability and easing inflation pressures worldwide.

Good Morning Dinar Recaps,

Global Markets Rally as Iran Peace Hopes Drive Oil Prices Lower

Overview

Global financial markets moved sharply higher after President Trump suggested that negotiations with Iran were progressing toward a potential peace agreement. The prospect of ending a three-month conflict in the Gulf boosted confidence among investors, sending stocks higher across Asia, Europe, and the United States.

At the same time, oil prices fell to their lowest levels in two months as traders anticipated reduced risks to energy supplies moving through the Strait of Hormuz, one of the world's most critical shipping corridors.

The market reaction highlights the growing connection between geopolitics, energy security, inflation trends, and the broader global financial system.

Key Developments

1. Global Stocks Advance on Peace Optimism

Equity markets across South Korea, Japan, Hong Kong, China, Europe, and the United States rallied as investors welcomed signs that diplomatic negotiations between Washington and Tehran may be nearing a breakthrough.

The shift toward risk assets reflected growing confidence that a prolonged disruption to global energy markets could be avoided.

2. Oil Prices Fall to Two-Month Lows

Crude oil prices declined sharply as traders reduced expectations of supply disruptions through the Strait of Hormuz.

Lower oil prices immediately eased concerns about energy shortages and reduced fears that inflation could accelerate further in major economies.

3. Investors Reassess Inflation Risks

The decline in energy prices has led many investors to lower expectations for additional interest rate increases by central banks.

Because energy costs impact transportation, manufacturing, food production, and consumer spending, falling oil prices are viewed as a positive development for inflation-sensitive sectors of the economy.

4. Safe-Haven Assets Retreat

As investor confidence improved, money flowed out of traditional safe-haven assets.

Bond yields moved lower, the U.S. dollar weakened, and capital shifted back toward equities and growth-oriented investments.

5. SpaceX IPO Adds to Market Excitement

Investors are also closely watching the historic public debut of SpaceX following reports of a record-breaking $75 billion offering.

The event has added another source of enthusiasm for markets already benefiting from improving geopolitical sentiment.

Why It Matters

The market rally demonstrates how quickly geopolitical developments can influence the global economy.

For months, uncertainty surrounding the Iran conflict contributed to higher energy prices, inflation concerns, and fears of slower economic growth. Even the possibility of a diplomatic resolution has significantly altered investor expectations.

The reaction also underscores the importance of the Strait of Hormuz, where disruptions can impact energy supplies, shipping costs, inflation, and economic stability around the world.

Why It Matters to Foreign Currency Holders

Foreign currency holders should closely watch developments because lower energy prices often reduce inflation pressures and can influence central bank policies worldwide.

A successful peace agreement could improve global trade flows, stabilize commodity markets, and reduce volatility in foreign exchange markets. At the same time, easing geopolitical tensions may lessen short-term demand for safe-haven currencies while supporting broader international trade and investment activity.

For those monitoring potential currency revaluations and global financial restructuring, energy stability remains one of the most important variables affecting international monetary systems.

Implications for the Global Reset

Pillar 1: Energy Stability Supports Economic Rebalancing

A reopening and normalization of Gulf energy flows would reduce pressure on global supply chains and support economic stability.

Pillar 2: Inflation Pressures Could Continue Easing

Lower oil prices may help central banks move closer to ending restrictive monetary policies, potentially improving financial conditions worldwide.

Pillar 3: Multipolar Financial Trends Remain in Focus

Even if tensions ease, recent disruptions have accelerated discussions regarding alternative trade settlement systems, energy security strategies, and financial diversification among major global economies.

This is not just a geopolitical story — it is another example of how energy security, financial markets, and global economic restructuring are becoming increasingly interconnected.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

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🌱 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

Dinar Recaps 20 6/12/26 Dinar Recaps 20 6/12/26

MilitiaMan & CREW IRAQ DINAR UPDATE-"The Final Phase Is Accelerating: Iraq’s Convergences Tighten Fast" Today

MilitiaMan & CREW IRAQ DINAR UPDATE-"The Final Phase Is Accelerating: Iraq’s Convergences Tighten Fast" Today

6-11-2026

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

MilitiaMan & CREW IRAQ DINAR UPDATE-"The Final Phase Is Accelerating: Iraq’s Convergences Tighten Fast" Today

6-11-2026

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

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=U641_IGqe2g

DINARRECAPS8 6/11/26 DINARRECAPS8 6/11/26

Iraq Economic News and Points To Ponder Thursday Evening 6-11-26

Al-Zaydi Proposes Raising The Dollar Exchange Rate And Selling Government Institutions To Pay Off Debts

Baghdad - Al-Sa'a Network Leaks from a meeting held by the leaders of the Coordination Framework at the home of the leader of the Wisdom Movement, Ammar al-Hakim, in the Jadriya area of Baghdad, revealed a rare political consensus on a broad economic plan presented by Prime Minister Ali al-Zubaidi, aimed at addressing the financial crisis and reducing public debt, but at the same time it raised widespread concerns among economists and academic circles.

Al-Zaydi Proposes Raising The Dollar Exchange Rate And Selling Government Institutions To Pay Off Debts

According to what was reported by Al-Mada newspaper, the plan, which was approved by the leaders of the framework, includes in its first stage raising the exchange rate of the dollar again as one of the options proposed to reduce the financial deficit and increase government revenues, a step that would directly affect commodity prices and the purchasing power of citizens.

The government's vision also includes addressing the public debt, estimated at about $83 billion, by transferring ownership of a number of struggling productive government institutions or restructuring them within a new economic program. This has raised warnings about the possibility that these measures could turn into selling state assets at prices lower than their real value, and the potential for corruption or mismanagement that may accompany this.

On another front, the plan links the security and economic files, as it speaks of launching a broad campaign to recover looted funds and prosecute senior figures accused of corruption, similar to the "Ritz-Carlton" experience, with the aim of recovering approximately $50 billion of public funds.

The plan also requires strengthening security stability, restricting weapons to the state, and addressing the issue of factions that reject integration and organization programs, considering this a fundamental step to create a suitable environment to attract American and Gulf investments estimated at about $50 billion.

Supporters of the project see it as a radical economic transformation aimed at moving Iraq towards a more open economy and reducing dependence on the state, while opponents warn that some of its provisions may lead to additional living burdens on citizens and open the door to the ill-considered privatization of state assets.

https://alssaa.com/post/show/54014-الزيدي-يطرح-رفع-الدولار-وبيع-مؤسسات-حكومية-لسداد-الديون

Prime Minister's Advisor: Growing International Interest In Iraq's Banking Reform Program

Localities The Prime Minister's Advisor for Banking Affairs, Saleh Mahoud, affirmed on Wednesday that Iraq is making steady progress towards building a more efficient, open, and integrated financial sector within the global economy. He noted the growing international interest in the country's banking reform program.

In a statement received by Al-Eqtisad News, Mahoud said he participated over the past three days in a working visit to London as part of an Iraqi banking delegation that included representatives from the Central Bank of Iraq, the Association of Iraqi Private Banks, and several other banks and electronic payment companies.

The visit aimed to strengthen international cooperation and support the financial and banking reform process in Iraq.

He added that the visit, organized in coordination with the British Embassy in Iraq, provided a platform for dialogue between Iraqi and British financial and banking institutions, thereby enhancing economic and financial cooperation between the two countries.

He explained that on the first day, the delegation held meetings with Hogan Lovells, a firm specializing in legal consulting on financial and banking legislation, and also participated in a dialogue with Chatham House. He emphasized the government's full support for the banking reform projects led by the Central Bank of Iraq in cooperation with international consulting firms.

He noted that the meetings held at the British Parliament addressed the development of banking and economic cooperation, encouraging British investment in Iraq, and strengthening partnerships between financial institutions in both countries.

Mahoud explained that the visit reflected the level of international interest in Iraq's banking reform program, emphasizing that Iraq continues to implement plans to develop its financial sector in accordance with international standards and to enhance the investment climate and economic growth. https://www.economy-news.net/content.php?id=70085

Iraq Is Moving Towards Balancing Programs With US Support And In Coordination With The World Bank

Money and Business Economy News – Baghdad Finance Minister Faleh Sari discussed on Wednesday with the US Chargé d'Affaires to Iraq, Joshua Harris, prospects for economic cooperation between Baghdad and Washington and ways to strengthen the partnership with US financial institutions, while both sides affirmed their support for the path of economic and financial reforms.

The Ministry of Finance said in a statement received by "Al-Eqtisad News" that the minister stressed that the government has given the economic file high priority within its program, noting that the next stage will witness reforms aimed at addressing economic and financial challenges in a radical way, and in cooperation with international partners.

The minister revealed a government trend towards preparing a program budget and gradually moving away from the traditional budget system, with the aim of raising the efficiency of spending and linking financial allocations to goals and results, in line with the requirements of financial and administrative reform.

For his part, the US Chargé d'Affaires affirmed his country's support for the Iraqi government and its readiness to enhance economic and financial cooperation, in a way that contributes to supporting stability and achieving sustainable economic growth in Iraq.

This trend coincides with what the government spokesman, Haider al-Aboudi, announced, that the Council of Ministers approved a directive to proceed with drafting a "program budget" in coordination with the World Bank and the Parliamentary Finance Committee, within the framework of economic reform. https://www.economy-news.net/content.php?id=70077

Al-Marsoumi: The Economic Reform Program Includes Abolishing The Ration Card And Reducing Salaries.

Baghdad - Al-Sa'a Network Economic expert Nabil Al-Marsoumi revealed that the economic reform program presented by Prime Minister Ali Al-Zidi includes measures such as abolishing government subsidies, the food ration card, and reducing allocations for the social protection network and salaries .

Al-Marsoumi said in a televised interview followed by Al-Sa’a Network, “Governments say that they have reduced inflation, but the market says something else. We live in Iraq and we know the level of commodity prices and how they have risen today, starting from consumer goods to cars and other things, and their rise has increased after the closure of the Strait of Hormuz.

As for talking about an inflation rate of 1% or 2%, it is a theoretical and inaccurate proposition, as the level of inflation has risen significantly, especially after the closure of the strait and the Iraqi citizen was affected by that .”

Al-Marsoumi warned that “reducing the exchange rate of the dinar against the dollar comes at an inappropriate time, in light of the economic recession that Iraq is experiencing, and the near-total shutdown of the private sector and other productive sectors.

Therefore, we should be cautious in taking such decisions, especially since they are not taken by the government alone, but rather in agreement with the political blocs .”

He pointed out that "the options have become limited, but there are difficult options, including selling state assets. Let us remember the Russian experience, as privatizing government assets in the context of corruption may mean wasting public money. In the early 1990s, the privatization of government projects led to significant losses, increased poverty rates, and a decline in living standards ."

He revealed “the existence of loopholes that, in the context of corruption, could lead to government assets being valued at less than their true value. Selling these assets will also face a problem related to the employees working in them, which could lead to an expansion of unemployment, undermine social stability, and create a state of popular discontent .”

He pointed out that "the financial situation will not improve much during the current year, in the absence of a sovereign wealth fund, which may lead to withdrawals from the cash reserve.

According to official figures, the foreign currency reserve decreased by 10 trillion dinars between February and mid-May, compared to an increase in the issuance of money to 113 trillion dinars, an increase of 8 trillion dinars, which makes the options more limited ."

He explained that “selling government assets worth trillions of dollars at symbolic prices is not in the interest of the state or the people, and requires careful study and the adoption of the principle of gradualism in dealing with this issue. Although these measures seem good in theory, they will face many obstacles on the ground .”

He explained that "the economic reform program presented by the Prime Minister includes the elimination of government subsidies on fuel, the liberalization of prices, and possibly the floating of the currency, in addition to reducing government spending and salaries.

It appears that the privatization of government projects is part of this reform package, as well as other measures that include the cancellation of the ration card and the reduction of the social safety net, and other issues that the government may move towards implementing if the current situation continues

https://alssaa.com/post/show/54057-المرسومي-برنامج-الإصلاح-الاقتصادي-يتضمن-إلغاء-البطاقة-التموينية-وتخفيض-الرواتب

Al-Mada: Al-Zaydi Insists On Opening Major Corruption Files And Returning Historic Sums To The Treasury For The First Time Since 2003

Baghdad - One News 6/11/2026 Al-Mada revealed that the government is preparing to launch a broad campaign to combat corruption and recover public funds, expecting that these measures will contribute to returning sums it described as “historic” to Iraq for the first time since 2003.

The newspaper said that a list is currently being prepared within the framework of the Supreme Council for Integrity and Oversight, which was formed during the tenure of Prime Minister Ali al-Zaidi, that includes figures suspected of involvement in major corruption cases.

She added that the number of people under surveillance is estimated at about 50, including deputies, ministers, and former and current officials, some of whom reside outside Iraq, while others manage major investment and service projects in Baghdad and the provinces, including the housing, hospitals, entertainment, oil and infrastructure sectors.

The sources indicated that estimates circulating regarding the size of the looted funds range between $150 billion and $250 billion, while some estimates raise the figure to about $350 billion, noting that part of these funds is believed to have been used to finance armed groups. https://1news-iq.net/المدى-الزيدي-مُصر-على-فتح-ملفات-فساد-كب/

DINARRECAPS8 6/11/26 DINARRECAPS8 6/11/26

Seeds of Wisdom RV and Economics Updates Thursday Evening 6-11-26

Good Evening Dinar Recaps,

U.S. and Iran Move Closer to Deal as Negotiators Finalize Key Details

A potential agreement between Washington and Tehran could ease regional tensions, reopen critical trade routes, and reshape energy and financial markets worldwide.

Good Evening Dinar Recaps,

U.S. and Iran Move Closer to Deal as Negotiators Finalize Key Details

A potential agreement between Washington and Tehran could ease regional tensions, reopen critical trade routes, and reshape energy and financial markets worldwide.

Overview

The United States and Iran appear to be closer than at any point in recent months to reaching a formal agreement aimed at reducing hostilities and stabilizing the Middle East. Reports indicate that negotiators have reached a broad political understanding, with discussions now focused on technical details involving sanctions relief, frozen Iranian assets, and security arrangements.

While President Donald Trump has suggested a deal could be signed soon, Iranian officials caution that no final agreement has been approved and several issues remain unresolved.

If completed, the agreement could become one of the most significant geopolitical developments of 2026, with implications for energy markets, trade routes, inflation, and the global financial system.

Key Developments

1. Negotiators Reportedly Reach Political Understanding

Sources familiar with the talks indicate that the United States and Iran have reached a broad political framework for an interim agreement.

Negotiators are now working through technical details involving sanctions, financial assets, and implementation timelines.

2. Frozen Iranian Funds Remain a Major Issue

One of the most important remaining obstacles involves the release of Iranian funds held abroad.

Iran is reportedly seeking immediate access to billions of dollars in frozen oil revenues, while U.S. officials favor a phased release tied to humanitarian and economic conditions.

3. Strait of Hormuz Could Reopen Fully

The proposed framework reportedly includes measures designed to improve shipping access through the Strait of Hormuz.

The waterway is one of the world's most important energy corridors, carrying a significant share of global oil and natural gas shipments.

4. Energy Markets Respond Positively

Oil prices declined after reports emerged that diplomatic progress was being made and planned military actions were postponed.

Markets interpreted the developments as reducing the immediate risk of a broader regional conflict that could disrupt global energy supplies.

5. Nuclear Issues Remain Unresolved

Although negotiators have reportedly made progress on ceasefire and economic issues, Iran's nuclear program remains a central point of disagreement.

Further negotiations are expected if a preliminary agreement is finalized.

Why It Matters

A successful agreement could reduce tensions in one of the world's most strategically important regions while helping stabilize energy markets that have faced months of uncertainty.

The talks also demonstrate how geopolitical conflicts increasingly intersect with economic issues such as sanctions, trade routes, inflation, and financial stability.

Why It Matters to Foreign Currency Holders

• Reduced energy market volatility could ease inflation pressures globally.

• Lower geopolitical risk often influences currency valuations and capital flows.

• Reopening trade routes may improve international commerce and shipping activity.

• Sanctions relief could alter regional trade patterns and financial relationships.

Implications for the Global Reset

Pillar 1: Energy Security and Global Trade

The Strait of Hormuz remains a critical artery for global commerce. Any agreement that improves shipping security could have far-reaching effects on inflation, supply chains, and economic growth.

Pillar 2: Financial Realignment Through Diplomacy

Potential sanctions relief and the release of frozen assets highlight how financial tools have become central components of modern geopolitical negotiations.

Pillar 3: Multipolar Negotiations Continue Expanding

The agreement reflects the growing role of regional and international diplomacy in shaping economic outcomes, energy markets, and global financial stability.

Closing Insight

While significant obstacles remain, the latest developments suggest both Washington and Tehran recognize the economic costs of prolonged conflict. The outcome of these negotiations could influence energy prices, inflation trends, and geopolitical stability well beyond the Middle East.

This is not just a diplomatic negotiation—it is a potential turning point for energy security, international finance, and the evolving global economic order.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Dinar Recaps 20 6/11/26 Dinar Recaps 20 6/11/26

Trump Will RESET The US Dollar

Trump Will RESET The US Dollar

Finance Bureau: 6-10-2026

A radical blueprint to reset the US dollar was written in 2024. Then its author took the keys to Trump’s economic playbook.

This video reveals how tariffs, bond restructuring, and a trillion-dollar gold revaluation could drag the dollar lower without warning, directly impacting your savings and prices.

See the specific timeline insiders are watching, the subtle toolkit already in use, and why July 2026 could change global markets.

Trump Will RESET The US Dollar

Finance Bureau: 6-10-2026

A radical blueprint to reset the US dollar was written in 2024. Then its author took the keys to Trump’s economic playbook.

This video reveals how tariffs, bond restructuring, and a trillion-dollar gold revaluation could drag the dollar lower without warning, directly impacting your savings and prices.

See the specific timeline insiders are watching, the subtle toolkit already in use, and why July 2026 could change global markets.

You’ll never read another 'dollar collapse' headline the same way. Watch now for the details that affect your wallet.

TIMESTAMPS ~

0:00 – Why the White House Wants to Weaken the US Dollar

2:20 – Meet the Architect Behind the Radical Dollar Reset

4:37 – Treasury vs. Fed: The Stealth Plan to Devalue Your Savings

6:35 – The Trillion Dollar Secret: Revaluing US Gold Holdings

8:51 – Central Banks Ditching US Treasuries for Gold

11:01 – July 4, 2026: A Gold-Backed Bond Countdown?

13:10 – Managing the Reset: Why a Strong Dollar is the Perfect Cover

15:04 – Protecting Your Purchasing Power as the Rules are Rewritten

https://www.youtube.com/watch?v=3clcjK0ZZLw

DINARRECAPS8 6/11/26 DINARRECAPS8 6/11/26

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 6-11-26

Good Afternoon Dinar Recaps,

Trump Pushes $350 Billion Defense Package as SAVE America Act Gains Momentum

The Trump administration is urging Congress to quickly approve a proposed $350 billion reconciliation package that combines major defense spending with the SAVE America Act, setting up a significant debate over national security, federal spending, and election policy.

Good Afternoon Dinar Recaps,

Trump Pushes $350 Billion Defense Package as SAVE America Act Gains Momentum

Overview

President Donald Trump has called on congressional Republicans to immediately advance a proposed $350 billion reconciliation package that includes both expanded defense funding and the SAVE America Act.

According to Trump, the legislation is designed to strengthen national security, modernize military capabilities, and secure America's future. Because reconciliation legislation can pass the Senate with a simple majority vote, the proposal could potentially avoid some of the procedural hurdles that often slow major legislation.

The package arrives as geopolitical tensions remain elevated worldwide and as policymakers continue debating the balance between national security investments and long-term fiscal responsibility.

Key Developments

1. Trump Calls for Immediate Passage

President Trump publicly urged Republicans to move the legislation forward without delay, describing the package as critical for national security and future generations. He specifically called for the inclusion of the SAVE America Act within the broader defense spending measure.

2. Defense Spending Receives Major Boost

The proposal includes approximately $350 billion in Pentagon funding, aimed at strengthening military readiness, defense modernization, and strategic capabilities amid growing international competition.

3. SAVE America Act Added to Package

The SAVE America Act has become one of the most closely watched components of the proposal. Supporters argue it strengthens election integrity and national security, while critics contend it could face significant legal and political challenges.

4. Reconciliation Strategy Could Accelerate Passage

Because the package is being structured through the reconciliation process, supporters believe it may require only a simple Senate majority rather than the traditional 60-vote threshold.

5. Fiscal Debate Intensifies

The size of the proposed spending package is likely to fuel ongoing discussions regarding federal deficits, government borrowing, and America's long-term fiscal outlook.

Why It Matters

The proposal highlights the growing connection between national security spending, economic policy, and federal debt management.

Large-scale government spending packages can influence Treasury issuance, interest rates, inflation expectations, and investor confidence. At the same time, increased defense expenditures reflect a broader global trend as nations invest heavily in military preparedness and strategic competition.

Why It Matters to Foreign Currency Holders

Foreign currency holders closely monitor major U.S. spending initiatives because they can affect the strength of the dollar, government borrowing needs, and global capital flows.

As federal debt continues to rise, some nations may accelerate efforts to diversify reserves, increase gold holdings, and expand alternative payment systems outside traditional dollar-based networks. While the U.S. dollar remains the world's primary reserve currency, fiscal sustainability remains an important long-term consideration for global investors.

Implications for the Global Reset

Pillar 1: Government Spending Continues to Expand

Major powers are increasingly using fiscal policy to fund defense, infrastructure, technology, and strategic industries, accelerating changes within the global economic system.

Pillar 2: Debt Sustainability Remains a Key Issue

Growing government expenditures continue to raise questions about sovereign debt levels, monetary policy, and future financial restructuring.

Pillar 3: Geopolitical Competition Is Driving Economic Change

National security priorities are becoming increasingly intertwined with fiscal policy, trade strategy, technology investment, and financial system development.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

DINARRECAPS8 6/11/26 DINARRECAPS8 6/11/26

Social Security Is Officially Six Years Away From Running Out Of Money

Social Security Is Officially Six Years Away From Running Out Of Money

Notes From the Field By James Hickman (Simon Black / Sovereign Man June 11, 2026

Every spring, the US government performs one of its rare acts of radical honesty: the Social Security Board of Trustees publishes an annual report stating, in plain language, exactly when the program will run out of money.

It arrives without a press conference and with barely any news coverage — just a few hundred pages of actuarial tables quietly uploaded to a government website.

Social Security Is Officially Six Years Away From Running Out Of Money

It arrives without a press conference and with barely any news coverage — just a few hundred pages of actuarial tables quietly uploaded to a government website.

The 2026 edition came out on Tuesday; it is the 86th annual report. And its headline finding is that Social Security's main retirement trust fund — formally Old-Age and Survivors Insurance, or OASI — is now projected to run out of money in 2032. That's one year earlier than last year's projection.

In other words, the fund that pays benefits to America's retirees is six years away from running dry.

Last year the program collected $1.449 trillion, mostly from payroll taxes, and spent $1.609 trillion.

That $160 billion shortfall was covered by draining the trust fund, whose reserves fell from $2.72 trillion to $2.56 trillion over the course of the year. The program's costs have exceeded its non-interest income every single year since 2010.

And when it runs dry in six years, they estimate that payroll taxes will cover 78% of scheduled benefits. So the tens of millions of retirees who depend on the program would face an automatic 22% benefit cut on day one.

And it deteriorates from there.

Here's the part that really boggles the mind: the solutions are already published. The report itself spells them out — raise the payroll tax from 12.40% to 16.65%, or cut everyone's benefits by 25.2%, or cut benefits 30.3% for future retirees only. Social Security's own actuaries even maintain an entire catalog of scored reform options, with the financial impact of each one calculated for Congress's convenience.

The Trustees practically beg lawmakers to act "sooner rather than later," because every year of delay makes the eventual fix more painful.

And yet there is no serious legislation pending, no emergency commission, not even a hearing on the calendar. The date just keeps creeping closer.

What actually happens when the fund hits zero? It affects far more than retirees.

Option A is that Congress does nothing and retirees absorb a 22% cut on day one. That would be political suicide, which makes it an unlikely outcome.

Option B is that the government borrows the difference — hundreds of billions of dollars per year, on top of roughly $2 trillion annual deficits and a national debt north of $50 trillion by then.

And they'd be borrowing at a time when foreign central banks have already been reducing their Treasury purchases. Coaxing the market into absorbing that much new debt means paying higher yields, and higher Treasury yields ripple into everything: mortgage rates, auto loans, business credit.

Option C is that the Federal Reserve steps in and effectively prints the money. We all saw how that works during the pandemic, when the Fed created roughly $5 trillion out of thin air and the result was 9% inflation.

Then there's the option that may be the most realistic of all: Congress waits until the fund is nearly dead and then rams through a major payroll tax increase. The report prices out procrastination, too — deferring action pushes the required payroll tax to 17.30%, nearly five percentage points above today's rate, carved out of every paycheck in America. And the longer they wait, the bigger that bite gets.

And it doesn’t really matter how young you are, or if you’re not depending on Social Security for retirement.

If retirees take the cut, that 22% reduction in purchasing power for 70 million Americans ripples through the economy.

Or if interest rates increase to coax more borrowing, everyone pays higher interest rates.

Or if the Fed prints, everyone pays through inflation.

Most likely it will be some combination of all three.

Which is exactly why it makes sense to have a Plan B — not a bunker in the woods, just rational steps to ensure your retirement doesn't depend on the US Congress finding its courage.

That can mean maximizing tax-advantaged retirement structures, so that you're building your own income stream instead of relying on a government IOU.

It can mean establishing legal residency in a country where the cost of living is a fraction of what it is in the US, and where even a reduced benefit check funds a comfortable retirement.

And because the most likely "solutions" all point toward higher rates and higher inflation, it means owning real assets — gold, productive businesses, energy — that hold their value when the government reaches for the printing press.

None of this requires predicting exactly which option Washington chooses, because a sensible Plan B works under all of them.

The point is to put it in place now, calmly and on your own terms — so that when 2032 arrives, you're not scrambling in a crisis like Congress.

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/social-security-is-officially-six-years-away-from-running-out-of-money-155301/?inf_contact_key=8eef7301aa91fd0884bfbfa54641bbe22fff72da363b354f729db1788063859c

Dinar Recaps 20 6/11/26 Dinar Recaps 20 6/11/26

Complete Currency Collapse,’ Hyperinflation in 3 Years? Alasdair Macleod & Michelle Makori

Complete Currency Collapse,’ Hyperinflation in 3 Years? Alasdair Macleod & Michelle Makori

Miles Franklin Media: 6-10-2026

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, sits down with economist, monetary historian, and precious metals expert Alasdair Macleod to discuss what he believes could be the biggest threats facing the global financial system.

Macleod explains why he believes the world is approaching a critical turning point for fiat currencies, how years of debt accumulation and monetary expansion have weakened confidence in the global monetary system, and why the next few years could bring significant economic and social disruption.

Complete Currency Collapse,’ Hyperinflation in 3 Years? Alasdair Macleod & Michelle Makori

Miles Franklin Media: 6-10-2026

The conversation also explores the implications of a potential Fort Knox audit, why China and Russia may be in a stronger position than many investors realize, the outlook for gold and silver, central bank gold accumulation, and the future of the U.S. dollar as the world’s reserve currency.

Alasdair warns that if confidence in government finances and fiat currencies continues to deteriorate, the consequences could extend far beyond financial markets, impacting living standards, food security, and geopolitical stability.

In this episode of The Real Story with Michelle MakorI:

Fort Knox audit implications
Gold reserves and transparency
China and Russia’s gold strategy
The future of the U.S. dollar
Global debt and monetary instability
Currency debasement
Hyperinflation risks
Central bank gold buying
Silver supply dynamics
The outlook for gold and silver
What the next decade could look like

WATCH PART 1 OF THE INTERVIEW HERE: https://www.youtube.com/watch?v=kEtKhzEFdwA&t=1s

https://www.youtube.com/watch?v=FUy7t4L0sRY

DINARRECAPS8 6/11/26 DINARRECAPS8 6/11/26

Iraq Economic News and Points To Ponder Thursday Morning 6-11-26

Iraq Tops The List Of Importers Of Amman's Industrial Exports During The Last 5 Months

Money and Business Economy News – Baghdad Iraq topped the list of Arab and foreign countries that received the most exports from the Amman Chamber of Industry during the first five months of this year, after the value of Jordanian exports to it increased by 6 percent to reach 404 million dinars, compared to 381 million dinars for the same period in 2025.

Iraq Tops The List Of Importers Of Amman's Industrial Exports During The Last 5 Months

Data issued by the Amman Chamber of Industry showed that its total exports during the first five months of 2026 increased by 5.1 percent to reach 2.996 billion dinars, compared to 2.849 billion dinars during the same period last year, indicating the continued ability of Jordanian industry to adapt to regional challenges and expand its export markets.

According to the statistical report, Iraq was the top destination for Amman's industrial exports, ahead of India, whose exports remained stable at 394 million dinars, and the United States, whose exports declined by 28.5 percent to 362 million dinars, while exports to Saudi Arabia decreased by 3 percent to 342 million dinars.

Jordanian exports to Syria also recorded growth of 52.2 percent to reach 173 million dinars, and to Palestine by 29.5 percent to reach about 89 million dinars.

In terms of geographical distribution, Arab countries accounted for the largest share of Amman's industrial exports, with a value of 1.515 billion dinars, followed by non-Arab Asian countries with about 671 million dinars, and then North American countries with a value of 387 million dinars. https://www.economy-news.net/content.php?id=70117

Egypt Pays Off All Its Debts To Oil Companies For The First Time Since 2011

Money and Business The Egyptian government announced that it has paid all outstanding dues to foreign oil companies, which peaked at more than $6 billion in the 2011-2012 fiscal year.

Resolving the issue of outstanding payments, which has been one of the most significant challenges facing the sector in recent years, opens a new phase for increasing production and attracting investments, according to Egyptian Petroleum Minister Karim Badawi.

The decision is expected to encourage oil companies operating in the country to enhance development activities and research and exploration work during the coming period, in support of the state’s plan to return to exporting natural gas by 2027, after it became a net importer during the recent period.

Since 2014, the government has implemented a phased plan to reduce these arrears, aiming to restore investor confidence and encourage international oil companies to increase investments and new exploration. Debt has gradually declined over the following years.

There are 57 companies operating in Egypt in the field of research, exploration and production, including 8 of the world’s largest companies, 6 specialized Egyptian companies, and more than 12 international companies operating in the field of petroleum and technological services.

The Egyptian Ministry of Petroleum, in cooperation with foreign partners, is seeking to accelerate the pace of connecting new wells in order to maintain the country’s production levels at 4 billion cubic feet per day, thus limiting the impact of the natural decline in field production, which is estimated at about 100 million cubic feet per month.

At the same time, Cairo aims to raise its domestic gas production to about 6.6 billion cubic feet per day by 2030, representing an increase of nearly 65% over the current rate, in addition to drilling 14 exploratory wells in the Mediterranean Sea during the current year to assess reserves estimated at about 12 trillion cubic feet.

This coincides with an acceleration of exploration and production activities in Egypt by international energy companies, including Chevron, which has begun drilling new wells in the western Mediterranean.

The Egyptian government recently offered incentives to foreign companies, including allowing them to export a portion of their new production to use the proceeds to settle outstanding payments, as well as improving contract prices for newly produced gas.

The minister added that Egypt possesses exceptional assets that make it one of the most important investment destinations in the energy sector in the region, given its distinguished geographical location and advanced infrastructure. He pointed out that the past period witnessed a strong return of investment momentum, as partners resumed implementing drilling, exploration and development programs at an accelerated pace, which has already been reflected in increasing the volume of ongoing petroleum activities and raising investment rates in various concession areas.

https://www.economy-news.net/content.php?id=70083

Iraq Begins Exporting Fish To Global Markets

Localities Economy News – Baghdad Agriculture Minister Abdul Rahim Al-Shammari announced on Thursday the launch of fish exports to global markets, for the first time in Iraq.

Al-Shammari said in a statement to "Economy News" that this step represents "an important achievement for the reputation of Iraq and Iraqi fish and products, which are known for their quality."

He pointed out that this step represents "the beginning of achievements and work that the ministry is currently undertaking in order to advance the agricultural sector, sustain the agricultural process, overcome obstacles, achieve appropriate economic feasibility for fish farmers, and support the national economy in the country."

https://www.economy-news.net/content.php?id=70116

Trade: Retail Markets Did Not Adhere To The Set Price Of A Tray Of Eggs Between 6000 And 6500 Dinars.

Localities Economy News – Baghdad The Ministry of Commerce confirmed that retail markets did not adhere to the price set for a tray of eggs between 6,000 and 6,500 dinars.

Riyadh Mahdi Al-Mousawi, Director General of Commercial and Financial Control at the Ministry, stated in a statement to the official newspaper that the field teams affiliated with the department are working to monitor local markets and track the reasons for the rise in prices of some basic materials, with the aim of addressing them and ensuring their stability.

Al-Moussawi explained that monitoring teams tracked table egg prices last month, based on instructions from the Ministerial Council for the Economy. They found that the price of a carton had reached 80,000 dinars, meaning that the price of a single tray ranged between 7,500 and 8,500 dinars.

He added that the official directive stipulates a price between 6,000 and 6,500 dinars only, noting that some wholesale markets complied with the price reduction, while retail markets did not.

He confirmed that the ministry launched the new campaign today in Baghdad and all governorates (except the Kurdistan Region), and it includes wholesale and retail markets and small and large shops, to monitor current prices and take the necessary measures to reduce them, considering any increase to be a clear violation of the instructions.

Al-Moussawi indicated that the ministry's role is to address any monopolies or deliberate price hikes in essential commodities, emphasizing that most prices are under control and there have been no significant increases for consumers.

He stressed that resolving this issue requires the intervention of relevant sectoral bodies and a decisive decision from the Ministerial Council for the Economy to set fixed prices for essential commodities, while monitoring teams continue to track market activity to achieve a balance between protecting domestic products and stabilizing prices for consumers.

https://www.economy-news.net/content.php?id=70114

13 Indian-Flagged Ships Are Stuck In The Strait Of Hormuz

Arabic and international Economy News - Follow-up The Indian Ministry of Ports and Shipping said that 13 Indian-flagged vessels are stuck in the Strait of Hormuz.

The ministry added on Thursday that there are more than 18,000 Indian sailors in the Gulf region.

The Indian Ministry of External Affairs stated that three Indian ships were attacked by the US Navy, adding: "Two of the ships are under sanctions and the third is among the non-compliant ships," according to Reuters.

Ship tracking data released by the London Stock Exchange Group and Kpler showed that three more liquefied natural gas tankers left the Strait of Hormuz with their transponders switched off and are currently heading to destinations in Asia, but the exact timing of their crossing of the waterway is unclear.

This comes as the United States and Iran exchanged airstrikes on Thursday for the second day in a row, with US President Donald Trump vowing to launch more strikes on Iran unless it agrees to a peace deal, and Washington announcing that it had fired on a ship carrying Iranian oil.

The data revealed that the two tankers, Libretha and Rasheeda, belonging to Qatar Energy, were last seen west of the strait on June 1 and April 30 respectively, carrying cargoes loaded at Ras Laffan, and then reappeared in ship tracking data on June 10.

The Libretha, which was loaded on May 22, is heading to Pakistan, while the Rasheeda, which has been carrying a cargo since February 27, is currently approaching Southeast Asia. A third LNG carrier, the Marigold, operated by Abu Dhabi National Oil Company (ADNOC), also appeared in ship tracking data on June 10.

The Marigold was last seen with a heavy cargo on board east of the strait on May 1st before reappearing after loading a cargo from Das Island on May 25th. Data indicates that it is heading to India.

Twelve liquefied natural gas tankers, including the three newest ones, have left the Strait of Hormuz since the war began on February 28. https://www.economy-news.net/content.php?id=70118

Iran: The Strait Of Hormuz Will Remain Closed Until Further Notice.

Arabic and international Economy News - Follow-up Iran’s “Strait of Hormuz Authority” announced the closure of the Strait of Hormuz until further notice.

Iran's Strait of Hormuz Authority urged ships with transit permits to be patient as the strait remains closed until further notice.

Iran's Revolutionary Guard had announced the closure of the strait to shipping traffic on Thursday, while the US Central Command denied that Tehran had closed the strait.

The United States warned ships against dealing with the Iranian entity and placed it on a sanctions list.

إيران: سيبقى مضيق هرمز مغلقاً حتى إشعار آخر