Thursday Iraq News Posted by Tishwash at TNT 7-16-2026

TNT:

Tishwash:  Al-Zaidi meets with the Chairman of the Senate Foreign Relations Committee

Prime Minister Ali Faleh al-Zaidi met on Wednesday with Senator Jim Risch, Chairman of the Senate Foreign Relations Committee, as part of his official visit to Washington, D.C.

The Prime Minister’s Media Office stated in a statement received by Kalima News that Al-Zaidi held a meeting with Senator Jim Risch at the US Congress building.   link

Tishwash:  The Prime Minister holds a meeting with the Chairman and members of the Foreign Affairs Committee of the US House of Representatives.

Prime Minister Ali Faleh al-Zaidi met on Wednesday in Washington, D.C., with a number of former U.S. ambassadors to Iraq to discuss the future of bilateral relations and developments in Iraq and the region.

The Prime Minister’s Media Office stated in a statement that the meeting addressed ways to develop Iraqi-American relations in various fields, in addition to discussing regional developments and the importance of strengthening joint cooperation in a way that serves the interests of the two countries and the two friendly peoples.

Al-Zaydi stressed Iraq’s keenness to build balanced and sustainable relations with the United States, based on common interests and mutual respect, noting that the government continues to implement its program aimed at consolidating security and stability, strengthening the rule of law, combating corruption, and supporting development and economic reform paths.

The statement added that the Prime Minister listened to the views of former US ambassadors on the future of relations between Baghdad and Washington, in light of their diplomatic experiences in Iraq, stressing the importance of benefiting from these experiences to enhance understanding and expand the prospects of cooperation between the two countries  link

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Tishwash:  Al-Zaidi's visit to Washington was a success by all measures, and Iraq is on the verge of an economic revival.

Economic expert Dr. Safwan Qusay confirmed that the Prime Minister’s reception at the White House carries important economic implications and sends positive messages regarding Iraq’s status as an economic and financial partner.

Qusay told Iraq Observer that “the next phase may witness broader cooperation with the United States in the areas of developing the financial sector, globalizing Iraqi banks, the stock market and insurance companies, in coordination with the US Treasury Department and the Federal Reserve.”

He added that “there are strategic files awaiting the entry of American companies, most notably the investment in associated gas, enhancing energy security, increasing oil exports, in addition to diversifying export outlets through the Syrian port of Banias or the Jordanian port of Aqaba, as well as the project to link Basra oil with Kirkuk oil, which contributes to maintaining export levels and expanding them towards European markets.”

He pointed out that “Iraq is looking forward to building economic partnerships that contribute to diversifying sources of income, proposing the establishment of an economic fund in cooperation with American companies, with the possibility of exporting at least 500,000 barrels of oil per day to the United States, which would allow the use of oil revenues to support economic diversification projects and promote sustainable growth.”  link

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Tishwash:  The US Department of Defense sets a date for ending the international coalition's mission in Iraq.

 The US Department of Defense confirmed on Wednesday (July 15, 2026) that the international coalition's mission in Iraq will end at the end of next September.

The ministry said in a statement received by Baghdad Today: “Secretary of Defense Pete Hegseth met at the Pentagon – following meetings in the Oval Office – with Iraqi Prime Minister Ali al-Zaidi to discuss the international coalition to defeat ISIS, ending the mission of Operation Inherent Resolve from Iraq, and the future of US-Iraqi relations.”

According to the statement, Secretary Hegseth reaffirmed "the United States' commitment to the full implementation of the joint statement issued in September 2024, which announced the timeline for ending the military mission of the international coalition to defeat ISIS in Iraq, and ending the mission of Operation Inherent Resolve operating from Iraq by September 30."

The minister welcomed "the initiative led by the Iraqi government to restrict weapons, to affirm Iraq's sovereignty and the supreme democratic authority of its leadership over all armed groups." link

Tishwash:  Minister of Trade: Talks in Washington focused on partnership and supporting Iraq's accession to the World Trade Organization

Trade Minister Mustafa Al-Ani confirmed on Wednesday that the White House talks focused on economic cooperation and future partnership between Baghdad and Washington, while noting that talks are underway for Iraq to join the World Trade Organization.

 Al-Ani told the Iraqi News Agency (INA): “One of the most important stops on the visit was the meeting at the White House between Prime Minister Ali al-Zaidi and US President Donald Trump, where many issues related to future cooperation and partnership between Iraq and the United States were discussed, in addition to exploring ways of cooperation and removing obstacles for American investors.”

He added that "the official government delegation includes a select group of Iraqi businessmen with the aim of strengthening communication between the Iraqi private sector and its American counterpart, and will also hold a meeting with the American Chamber of Commerce to discuss a number of common issues."

He noted that "the delegation concluded meetings with a group of American companies to discuss prospects for future cooperation, particularly in areas that serve the Iraqi farmer, as it was agreed to present ideas clearly for study, interaction, and taking practical measures regarding them."

He explained that "these companies specialize in the fields of irrigation, transportation and vehicles, and some of their specializations may not be directly related to the Ministry of Trade, but they can contribute, through the Ministry, to supporting the rest of the Iraqi institutions."

He added, "The Minister of Trade heads the Iraqi side of the US-Iraq Business Council with regard to Iraqi businessmen, and the reactivation of agreements signed between Iraq and the United States and their implementation will be discussed."

He confirmed that "the talks will also include a request for US support for Iraq's accession to the World Trade Organization, after Iraq has completed all the requirements and is awaiting the organization's decision to approve its accession."

He explained that “Iraq’s accession to the World Trade Organization will have a positive impact on various economic aspects,” noting that “Iraq completed all its commitments during the fourth round of negotiations last year, and only the vote by the member states remains.”

He expressed his hope that "the United States will take a supportive stance towards Iraq joining the organization," noting that "the oil and energy sectors represent the most prominent aspects of this tour, as a number of contracts will be signed with American companies by the Ministries of Oil and Electricity."

He added, "The Development Fund was present in the discussions and is considered one of the most prominent outcomes of the visit, as it is hoped that it will contribute to the implementation of new projects that are not limited to the oil and energy sector, but extend to technology and others,thus enabling the transfer of American expertise to Iraq."  link

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Tishwash:  Al-Zidi and Al-Safadi meet in Washington: Accelerating the Basra-Aqaba pipeline and electrical interconnection

Prime Minister Ali al-Zubaidi met on Wednesday (July 15, 2026) with Jordanian Foreign Minister Ayman Safadi in Washington to discuss ways to accelerate the implementation of the strategic Basra-Aqaba oil pipeline project and to complete the bilateral electricity interconnection project. He added that he had received an official invitation from King Abdullah II to visit Amman. He explained that the meeting focused on advancing economic partnership and coordinating diplomatic positions to enhance regional stability.

The Prime Minister’s Media Office stated in a statement, a copy of which was received by 964 Network, that “Al-Zidi received today, Wednesday, at his residence in Washington, the Jordanian Foreign Minister, Mr. Ayman Safadi, on the sidelines of his official visit to the United States of America, during which His Excellency received an official invitation from His Majesty King Abdullah bin Al-Hussein II to visit the Kingdom.”

He added that “during the meeting, ways to develop bilateral relations were discussed, as well as the possibility of enhancing cooperation in various economic and development sectors, and proceeding with the implementation of the Basra-Aqaba oil pipeline project and completing the electrical interconnection project between the two countries, in a way that fulfills the aspirations and interests of the two brotherly peoples.”

He explained that “the meeting addressed developments in regional and international affairs, and views were exchanged on the most prominent issues of common interest, with emphasis on the importance of strengthening security and stability in the region, through supporting diplomatic options in resolving conflicts.”

He added that “for his part, the Jordanian Foreign Minister conveyed the greetings of the King of the Hashemite Kingdom of Jordan to the Prime Minister, and stressed his country’s keenness to enhance partnership opportunities and develop relations between the two countries.”  link

Seeds of Wisdom RV and Economics Updates Wednesday Evening 7-15-26

Good Evening Dinar Recaps,

Cooling U.S. Inflation Reshapes Fed Outlook as Global Markets Reprice Interest Rate Expectations

New inflation data showed U.S. price pressures eased more than expected, reducing expectations of another immediate Federal Reserve rate increase and triggering a broad reassessment across global financial markets.

Overview

• U.S. inflation cooled more than economists expected, easing pressure on the Federal Reserve.

• Markets sharply reduced expectations for a near-term interest rate increase following the report.

• Investors remain cautious as higher energy prices tied to Middle East tensions could still reignite inflation later this year.

Key Developments

1. Inflation Comes in Below Expectations

New economic data showed core inflation posted its smallest monthly increase in more than six years, suggesting underlying price pressures continue to moderate despite ongoing geopolitical uncertainty.

The report strengthened investor confidence that inflation may be moving closer to the Federal Reserve's long-term target.

2. Markets Reprice Federal Reserve Expectations

Following the inflation release, financial markets significantly lowered expectations that the Federal Reserve will raise interest rates at its next policy meeting.

Treasury yields declined, the U.S. dollar weakened against several major currencies, and equity markets responded positively as investors anticipated a less aggressive monetary policy path.

3. Energy Risks Continue to Cloud the Outlook

Despite improving inflation data, policymakers cautioned that higher oil prices resulting from renewed U.S.-Iran tensions could place fresh upward pressure on inflation in the months ahead.

The Federal Reserve is expected to continue monitoring both domestic inflation trends and geopolitical developments before making additional policy decisions.

Why It Matters

Inflation remains one of the most important drivers of global financial markets. Lower inflation reduces pressure on central banks to keep interest rates elevated, helping support borrowing, investment, and economic growth.

However, renewed geopolitical disruptions—particularly involving global energy supplies—could quickly reverse recent progress and force policymakers to maintain tighter monetary conditions for longer.

Why It Matters to Foreign Currency Holders

For foreign currency holders, changes in U.S. monetary policy often influence exchange rates, sovereign debt markets, and capital flows worldwide.

If inflation continues to moderate, central banks may gradually shift toward more accommodative policies, supporting greater financial stability. If energy-driven inflation returns, however, higher interest rates and stronger currency volatility could delay broader monetary adjustments many Global Reset observers continue watching.

Implications for the Global Reset

• Pillar 1: Debt

Lower inflation reduces pressure for additional interest-rate increases, easing borrowing costs for governments, businesses, and consumers.

• Pillar 3: Assets

Financial markets responded positively as investors adjusted expectations for future Federal Reserve policy, supporting equities while reducing Treasury yields.

Looking Ahead

Markets will closely monitor upcoming inflation reports, employment data, and Federal Reserve communications to determine whether the recent moderation in prices represents a lasting trend or only a temporary improvement.

At the same time, developments in the Middle East remain a major variable, as any sustained increase in energy prices could quickly alter the inflation outlook and central bank policy expectations.

This is not simply about inflation—it reflects the broader transformation of the global financial system as monetary policy, capital flows, and central bank decisions increasingly shape the future of the world economy.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Stocks rise after soft U.S. inflation reading with Middle East in focus" 
  

• U.S. Bureau of Labor Statistics — "Consumer Price Index Summary – June 2026" 

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Fort Knox Standoff: Bessent Says All The Gold Is There, Says America 'Used To Be Backed' By It

Fort Knox Standoff: Bessent Says All The Gold Is There, Says America 'Used To Be Backed' By It

Zero Hedge by Tyler Durden

U.S. Treasury Secretary Scott Bessent has once again assured the public that America's gold reserves remain fully intact, pushing back against years of speculation surrounding the legendary vaults at Fort Knox. In a Fox News interview with Jesse Watters that aired Monday night, Bessent reiterated his standing assurance that every ounce of the nation's bullion is "present and accounted for" - while making no plans to visit the Kentucky depository himself.

"I am happy to say all gold is present and accounted for. The U.S. has the largest pile of gold in the world, over a trillion dollars, at current market value," Bessent told Watters.

His comments come amid renewed calls from lawmakers and gold advocates for a comprehensive, independent audit - the first large-scale public verification since 1974.

But as ZH contributor Phoenix Capital Research notes, Bessent prefaced his comment with something even more interesting...

Treasury Secretary Scott Bessent appeared on Fox News business yesterday. During the conversation with Jesse Waters, he made several key statements.

One of them... "we [the $USD] used to be backed by silver, sometimes gold."

And a few moments later regarding Fort Knox...

"all gold is present and account for... the U.S. has the largest pile of gold in the world, over a $1 trillion at current market value.

Officially, the United States holds the world's largest gold stockpile, valued at more than $1 trillion at current market prices. According to Treasury data, the Fort Knox depository alone contains 147,341,858.382 fine troy ounces of gold - roughly 56% of the federal government's total reserves, and about 59% of the bullion held in the Mint's deep storage. Additional holdings are stored at West Point, Denver, and the Federal Reserve Bank of New York.

Also officially, no gold has left Fort Knox in any significant documented capacity since 1974, aside from limited testing samples. Bessent has said he has no plans to travel to Kentucky himself, pointing instead to the Treasury's annual internal verifications and offering to arrange a visit for any senator who asks.

The U.S. shifted to a pure fiat currency system in the 1970s, ending the requirement to back paper money with gold or silver.

TO CONTINUE AND READ MORE:

https://www.zerohedge.com/commodities/fort-knox-standoff-bessent-says-all-gold-there-says-we-used-be-backed-it

Central Banks Now Own More Gold than US Treasuries

Central Banks Now Own More Gold than US Treasuries

VRIC Media:  7-15-2026

At the recent Vancouver Resource Investment Conference (VRIC), Matthew Piepenburg of Von Greer offered a compelling and data-driven analysis of the precious metals markets, central banking policies, and the pervasive issue of currency debasement.

Drawing from his extensive background on Wall Street, Piepenburg illuminated why gold continues to stand as a superior long-term store of value, urging investors to look beyond daily price fluctuations and grasp the profound monetary shifts unfolding globally.

Piepenburg’s perspective challenges the notion that gold’s relevance is solely tied to immediate market headlines. Instead, he positions gold as an essential asset driven by deep, systemic factors.

Despite short-term volatility, his analysis underscores its inherent value in protecting wealth over extended periods. He meticulously outlines how gold’s trajectory is not a mere speculation but a response to global monetary shifts, the escalating burden of sovereign debt, and a growing erosion of trust in paper assets and fiat currencies, particularly the U.S. dollar.

 For those seeking wealth preservation amidst financial uncertainty, Piepenburg’s insights offer a sober look at gold’s enduring role.

A significant portion of Piepenburg’s discussion centers on the intricate actions of central banking entities and their impact on the global financial framework.

He highlights the consistent trend of central banks globally accumulating substantial quantities of gold, an action that speaks volumes about their assessment of future economic stability. This buying trend, he explains, is directly linked to an expansive money supply and the inherent vulnerabilities of fiat currencies.

Piepenburg offers a critical examination of how governmental bodies report inflation, suggesting that official figures may not always capture the full scope of purchasing power erosion.

 Furthermore, he delves into the Federal Reserve’s complex “hawk-dove” stance under new leadership, explaining how their policy decisions, though seemingly contradictory, contribute to a broader environment of monetary instability. This ongoing currency debasement erodes the value of traditional paper assets, making the argument for tangible alternatives increasingly potent.

An intriguing aspect of Piepenburg’s presentation is his observation of a significant eastward flow in gold accumulation. He details how countries, particularly in Asia, are steadily increasing their gold reserves, a trend that could fundamentally reshape global financial power dynamics.

This eastward shift isn’t just about accumulation; it’s also influencing the very mechanisms of gold price setting. Piepenburg points to the emergence of new gold trading platforms, notably in China, which signifies a potential rebalancing of influence away from traditional Western financial centers. This development has significant implications for the future of precious metals markets and the global monetary system.

Ultimately, Matthew Piepenburg’s message to investors is one of informed patience and strategic foresight. He emphasizes the critical need to understand the fundamental principles of currency debasement and sustained inflation.

In his view, these are not transient issues but deep-seated challenges within the current monetary design. He strongly advocates for considering physical gold as a cornerstone of an investment strategy, particularly for safeguarding wealth against a deeply unstable monetary system.

His counsel isn’t about short-term gains but about long-term resilience. By appreciating the intricate interplay between central bank actions, sovereign debt, trust in fiat currencies, and global economic shifts, investors can make more informed decisions to protect and grow their assets. Piepenburg’s expert analysis from the VRIC serves as a vital resource for anyone looking to navigate the complex financial landscape with a clearer understanding of gold’s enduring value.

Watch the full video from VRIC Media on YouTube for further insights and information.

https://www.youtube.com/watch?v=uVcEPm-OxM4

MilitiaMan & Crew- IRAQ DINAR UPDATE-Iraq & US Lay Groundwork for New Economic Phase – Washington Visit Update

MilitiaMan & Crew- IRAQ DINAR UPDATE-Iraq & US Lay Groundwork for New Economic Phase – Washington Visit Update

7-15-2026

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

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

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

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

https://www.youtube.com/watch?v=m_CH0YTemcA

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 7-15-26

Good Afternoon Dinar Recaps,

Iran Threatens Wider Shipping Disruptions as Peace Talks Continue Under Mounting Pressure

Iran warned that additional strategic maritime routes could become targets as military tensions with the United States intensified, placing renewed pressure on global energy markets even as diplomatic negotiations continue.

Overview

• Iran warned it could disrupt additional shipping corridors beyond the Strait of Hormuz if military pressure continues.

• Peace negotiations remain active, but the interim 14-point Memorandum of Understanding (MoU) is under growing strain following renewed military operations.

• Oil prices climbed as investors weighed the risk of broader disruptions to global energy supplies.

Key Developments

1. Iran Expands Maritime Warning

Iran's Islamic Revolutionary Guard Corps (IRGC) warned that regional energy exports would either remain available to everyone or to no one, suggesting additional maritime routes could become targets if military operations continue.

Analysts believe the warning extends beyond the Strait of Hormuz and could include the strategically important Bab el-Mandeb Strait, a critical shipping route connecting the Red Sea and Gulf of Aden.

2. Military Pressure Continues Despite Diplomacy

The United States has continued military operations against Iranian targets while maintaining pressure on Tehran's military capabilities. At the same time, Iran has continued threatening retaliation against regional shipping and U.S. interests.

These developments illustrate the fragile balance between ongoing diplomacy and continued military confrontation.

3. Peace Talks Continue but the MoU Is Under Strain

Negotiations have not collapsed. Regional mediators, including Oman, Qatar, and Pakistan, continue working to keep both sides engaged.

However, the 14-point Memorandum of Understanding, which originally established the ceasefire framework and outlined negotiations toward a permanent agreement, has become increasingly fragile. Both governments have accused one another of failing to fully implement commitments, while unresolved disputes over Iran's nuclear program, sanctions relief, and maritime security continue to delay meaningful progress.

Why It Matters

The latest escalation demonstrates how quickly geopolitical tensions can threaten the world's most important energy transportation routes. Any disruption beyond the Strait of Hormuz would affect global oil supplies, shipping costs, inflation, and international trade, increasing uncertainty for businesses and financial markets worldwide.

Although diplomacy continues, renewed military activity reminds investors that the path toward a lasting settlement remains uncertain.

Why It Matters to Foreign Currency Holders

For foreign currency holders following developments surrounding the Global Financial Reset, stability in the Middle East remains an important economic indicator.

Extended conflict could strengthen inflationary pressures, delay interest-rate adjustments, increase volatility across currency markets, and complicate broader efforts to modernize the international financial system. Conversely, successful negotiations could improve market confidence, stabilize energy prices, and support global economic stability.

Implications for the Global Reset

• Pillar 1: Debt

Higher energy prices could prolong inflationary pressures, making it more difficult for central banks to reduce interest rates and ease global debt burdens.

• Pillar 2: Trade

Any disruption to major shipping corridors threatens international supply chains, increasing transportation costs and slowing global commerce.

• Pillar 3: Energy

The Strait of Hormuz and surrounding maritime routes remain among the world's most critical energy corridors. Continued instability could significantly impact global oil and liquefied natural gas supplies.

Looking Ahead

Diplomatic channels remain open despite renewed military activity, with regional mediators continuing efforts to preserve the negotiating process.

The immediate focus remains on protecting international shipping, reducing military escalation, and preserving enough confidence in the existing MoU to allow negotiations on Iran's nuclear program, sanctions relief, and long-term regional security to continue.

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

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — Coverage of renewed U.S.-Iran hostilities, shipping threats, and ongoing diplomatic efforts.

• Modern Diplomacy — Iran Threatens More Shipping Routes as US Escalates Military Pressure

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Wednesday Morning 7-15-26

US Investment Dominates Al-Zaidi's Washington Meetings

2026-07-15 02:42   Shafaq News- Washington  Iraqi Prime Minister Ali al-Zaidi pressed for expanded US financing and investment in Iraq across a series of meetings in Washington, his media office said on Wednesday.

Al-Zaidi discussed with Ben Black, chief executive of the US International Development Finance Corporation (DFC), the institution's participation in infrastructure reconstruction and financing partnerships across the energy, transportation, agriculture, digital economy, and services sectors. Black affirmed readiness to enter the Iraqi market and to contribute to the Iraqi Development Fund, a state investment vehicle.

The Iraqi government announced the fund last month at a lower figure. Government spokesman Haidar al-Aboudi said the Council of Ministers had approved a development fund project backed by international guarantees and contributions valued at $150 billion, intended to deliver economic stability through investment.

https://www.shafaq.com/en/Economy/US-investment-dominates-al-Zaidi-s-Washington-meetings

Oil Extends Gains On Iran-US Escalation

2026-07-15 02:03   Shafaq News- Singapore   Oil extended gains on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on U.S. ​infrastructure in the region.

Brent futures climbed 99 cents, or 1.2%, to $85.72 a barrel at ‌0400 GMT. West Texas Intermediate futures gained 64 cents, or 0.8%, to $79.98 a barrel.

Oil prices closed up 2% at a one-month high on Tuesday as attacks exacerbated a supply disruption in the Strait of Hormuz, through which ​about a fifth of the world's oil and liquefied natural gas passed prior to the ​beginning of the U.S.-Israeli war on Iran.

"While the physical oil market remains adequately ⁠supplied, any further escalation involving the Strait of Hormuz or additional sanctions on Iranian exports could ​quickly tighten market sentiment and add further risk premiums," said Priyanka Sachdeva, senior market analyst at Phillip ​Nova.

Early on Wednesday, the U.S. also began a fresh round of strikes "to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz," the U.S. military said.

Tehran says it has again closed the strait after hostilities ​between Iran and the U.S. reignited last week, fraying an already fragile truce reached in June ​after several months of fighting.

"I'll save the energy targets for last, but ultimately we'll hit energy targets," Trump told ‌Fox ⁠News in an interview aired Tuesday night on "Special Report with Bret Baier".

Iran's army said early on Wednesday that it had launched drone attacks against U.S. positions at Jordan's Azraq base. There was no immediate comment from the Pentagon.

Iran's Islamic Revolutionary Guard Corps said they targeted weapons and storage facilities in ​Bahrain and Kuwait. Reuters could ​not immediately verify the ⁠reports.

The flare-up over the last few days has heightened doubts that a memorandum of understanding signed last month would lead to a permanent halt ​to the war, which has engulfed Iran's neighbors.

"The chances of oil moving back ​toward $100 in ⁠the reasonably near term are still meaningful if hostilities intensify which damages energy infrastructure around the Gulf," Tim Waterer, chief market analyst at KCM Trade said, noting Brent prices could remain at $75-$80 a barrel if diplomatic ​efforts helped reopen the strait.

"For now, the risk premium is ​still embedded, but it's not a one-way bet given that there remain incentives for both sides to find a diplomatic solution." (Reuters)

https://www.shafaq.com/en/Economy/Oil-extends-gains-on-Iran-US-escalation

Dollar Slips In Baghdad And Erbil

2026-07-15 03:48   Shafaq News- Baghdad/ Erbil   The US dollar opened Wednesday's trading lower in Iraq, hovering around 153,000 dinars per 100 dollars in Baghdad and Erbil.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,300 dinars per 100 dollars, down from Tuesday's 153,700 dinars.

In the Iraqi capital, exchange shops sold the dollar at 153,750 dinars and bought it at 152,750 dinars.

In Erbil, selling prices stood at 153,150 dinars and buying prices at 153,050 dinars.

https://www.shafaq.com/en/Economy/Dollar-slips-in-Baghdad-and-Erbil-7-6

Basra Crude Jumps More Than 8% On Oil Rally

2026-07-15 04:25   Shafaq News- Baghdad  Iraq's Basra Heavy and Basra Medium crude posted sharp gains on Wednesday, rising by more than 8% as escalating geopolitical tensions across the region drove global oil prices higher.

Basra Heavy climbed $4.91, or 9.25%, to $57.99 a barrel, while Basra Medium gained the same amount, rising 8.87% to $60.29 a barrel.

The surge coincided with gains in global oil markets. Brent crude futures rose 1.53% to $86.03 a barrel, while US West Texas Intermediate (WTI) crude advanced 1.27% to $80.35.

Regional benchmark crudes also moved higher, with the UAE's Murban crude climbing 4.85% to $81.93 a barrel and Saudi Arabia's Arab Light crude jumping 7.61% to $77.36.

In contrast, the OPEC Reference Basket slipped 1.52% to $75.09 a barrel, while Dubai crude declined to $69.21 a barrel.

https://www.shafaq.com/en/Economy/Basra-crude-jumps-more-than-8-on-oil-rally

Gold Prices Hold Steady In Baghdad And Erbil

2026-07-15 05:10 Shafaq News- Baghdad/ Erbil   On Wednesday, gold prices steadied across Baghdad and Erbil, hovering around 860,000 IQD per mithqal, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 864,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 860,000 IQD, unchanged from Tuesday.

The selling price for 21-carat Iraqi gold stood at 834,000 IQD, with a buying price of 830,000 IQD.

In jewelry stores, 21-carat Gulf gold ranged between 865,000 and 875,000 IQD per mithqal, while Iraqi gold sold for between 835,000 and 845,000 IQD.

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

https://www.shafaq.com/en/Economy/Gold-prices-hold-steady-in-Baghdad-and-Erbil-4

Seeds of Wisdom RV and Economics Updates Wednesday Morning 7-15-26

Good Morning Dinar Recaps,

UK and US Align on Stablecoin Rules as Cross-Border Digital Finance Moves Forward

The United Kingdom and the United States have announced a joint framework supporting regulated stablecoins for cross-border finance, signaling deeper cooperation on digital payments while U.S. lawmakers continue debating the CLARITY Act.

Overview

• The UK and U.S. have agreed on key principles governing regulated stablecoins used in cross-border finance.

• The framework emphasizes reserve protection, redemption rights, and legal safeguards designed to strengthen confidence in digital payments.

• The agreement comes as U.S. lawmakers continue considering the CLARITY Act, legislation that could reshape America's digital asset regulatory framework.

Key Developments

1. UK and US Establish Common Stablecoin Principles

The two governments agreed that properly regulated stablecoins can help modernize cross-border payments, financial settlements, and capital markets. Their joint framework seeks to encourage innovation while reducing regulatory fragmentation between two of the world's largest financial centers.

Officials said internationally aligned standards could improve efficiency while supporting broader adoption of digital financial infrastructure.

2. Reserve Protection Becomes a Central Priority

The agreement calls for stablecoins to be fully backed by high-quality liquid reserves, with clear custody rules and segregation of customer assets.

The framework also emphasizes timely redemption rights and legal protections that would give stablecoin holders priority claims on reserve assets should an issuer become insolvent.

3. CLARITY Act Debate Continues

The joint announcement arrives as lawmakers continue debating the proposed CLARITY Act, which seeks to establish a clearer regulatory framework for digital assets within the United States.

Banking organizations have expressed concerns that unclear provisions could encourage customers to move funds from traditional bank deposits into stablecoins, potentially increasing pressure on smaller financial institutions.

Why It Matters

The agreement reflects a growing international recognition that digital payment systems are becoming an increasingly important part of global finance. Common regulatory standards could reduce uncertainty for businesses, encourage innovation, and improve the efficiency of international payments and settlements.

At the same time, policymakers continue balancing financial innovation with consumer protection and banking system stability as digital assets become more integrated into traditional financial markets.

Why It Matters to Foreign Currency Holders

For foreign currency holders and those following developments surrounding a potential Global Financial Reset, the expansion of regulated stablecoins represents another step toward a more digital and interconnected international financial system.

While stablecoins are not replacing sovereign currencies, their growing use in international payments could accelerate modernization of cross-border settlement systems, influence future payment infrastructure, and complement broader financial reforms taking place around the world.

Implications for the Global Reset

• Pillar 1: Technology

Regulated stablecoins support the ongoing modernization of cross-border payment infrastructure, allowing faster, lower-cost international transactions while encouraging financial innovation.

• Pillar 2: Trade

More efficient digital payment systems could improve international commerce by reducing settlement times, lowering transaction costs, and strengthening global trade connectivity.

Looking Ahead

Attention will now focus on whether the United States finalizes comprehensive digital asset legislation and whether additional countries adopt similar regulatory standards.

If more major economies coordinate stablecoin regulations, the result could be a more integrated global payment system that supports faster settlement, increased financial innovation, and greater cross-border economic activity.

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

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• UK Government — UK–US Joint Statement on Stablecoins

• CoinGape — UK and US Agree on Stablecoin Rules for Cross-Border Finance Ahead of CLARITY Act

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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.

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Iraq Economic News and Points To Ponder Late Tuesday Evening 7-14-26

Trump Praises Al-Zaidi During His Reception At The White House: This man is the best representative of the Iraqis, and we love Iraq

Washington - One News - 7/15/2026 (Iraq)   US President Donald Trump received Iraqi Prime Minister Ali al-Zaidi at the White House, at the start of al-Zaidi’s first official visit to Washington since assuming the premiership.  

During the reception ceremony, Trump addressed al-Zaidi, saying, “He is a good person who came to his position through elections, and he loves the Iraqi people.”  

Al-Zaidi’s visit to Washington comes at the head of a governmental and economic delegation, where he discussed with the US President a number of political, security and economic issues, in addition to discussing ways to strengthen bilateral relations and expand cooperation between the two countries.   https://1news-iq.net/ترامب-يشيد-بالزيدي-خلال-استقباله-في-ال/

Government Advisor: The 2027 Budget Will Be Ready On Schedule In October.

Economy News — Baghdad   The Prime Minister’s financial advisor, Mazhar Muhammad Salih, revealed that the government will begin preparing the draft federal budget law for 2027 during the month of July, in accordance with the provisions of the Financial Management Law, indicating that the upcoming budget will differ from its predecessors by adopting an economic vision aimed at stimulating investment, empowering the private sector, and establishing sovereign funds to support infrastructure projects, while continuing to address internal debt and reduce financial waste.

On the other hand, Saleh stressed that combating corruption and recovering related funds are a fundamental pillar for enhancing the efficiency of the national economy, reducing investment costs, and supporting the path of sustainable development.

Saleh said in a statement to the official newspaper that the amended Financial Management Law No. (6) of 2019 obliges the Ministry of Finance to begin preparing the draft budget during the month of July, with the draft to be completed in the month of September, and then presented to the Council of Ministers for discussion and approval before being referred to the House of Representatives during the month of October, for the purpose of discussion and legislation.

He added that the 2026 budget was affected by the economic conditions and challenges that accompanied the developments in the Strait of Hormuz, indicating that the deficit is measured by the size of the internal debt, which exceeded 100 trillion dinars, but the government has a clear financial policy to address this issue through reform measures that contribute to strengthening the resource economy and diversifying sources of revenue.

Saleh pointed out that Iraq is still facing the effects of accumulated financial waste since 2003, stressing that the state is moving towards tightening control over public funds and not allowing the waste of any financial resource, in order to enhance financial stability and preserve national wealth.

He explained that the 2027 budget will be distinctive because it is consistent with the government’s economic vision, as it will give more space for private sector participation and includes the establishment of sovereign funds dedicated to financing infrastructure projects, which will support sustainable development and enhance economic growth during the next stage.

Regarding combating corruption and recovering related funds, Saleh stressed that they represent a fundamental pillar for enhancing the efficiency of the national economy, reducing investment costs, and supporting the path of sustainable development, noting that eliminating manifestations of corruption will reflect positively on the financial and economic performance of the state.

The Prime Minister’s financial advisor said that it is difficult to accurately determine the true size of the funds related to corruption, but estimates from governance circles in the international business environment point to what is known as the “cost of Iraq” on projects and investments, which in some cases may reach about 45% of the implementation cost, as a result of multiple factors, most notably extortion and bribery and the resulting decrease in the efficiency of administrative procedures.

He explained that the success of the government's anti-corruption program will gradually contribute to reducing this unproductive cost, bringing the cost of investment closer to its fair levels based on efficiency and integrity, which will enhance the attractiveness of local and foreign investment and reduce the cost of implementing economic and social development projects.

He added that activating the role of oversight and auditing bodies, especially in the planning, implementation and investment spending stages, represents a fundamental pillar for reducing financial waste and establishing standards of transparency and good governance, which supports the path of sustainable development in the country, with the lowest costs and the highest returns and benefits for the national economy.

Saleh pointed out that some circles estimate the amount of money related to corruption at about $300 billion, distributed between real estate, financial and cash money inside and outside Iraq, indicating that recovering these funds is an important factor in alleviating the current financial burdens.

He explained that combating corruption is not limited to recovering funds, but also contributes to improving overall economic performance by reducing costs and increasing the efficiency of implementing economic activities within an environment free from corruption factors, which will positively impact reducing the deficit and public debt directly and indirectly, by enhancing the efficiency of the financial and economic performance of public budgets and the country’s resources in the future.   https://www.economy-news.net/content.php?id=71300

International Tensions Threaten Iraqi Markets: Warnings Of Inflation And Rising Import Costs

Baghdad Today – Baghdad   Economic expert Abbas Al-Shatri confirmed on Tuesday (July 14, 2026) that successive international crises, whether political, military or economic, are directly reflected in the movement of Iraqi trade, given Iraq’s connection to global markets and its heavy reliance on imports to meet the needs of the local market.

Al-Shatri told Baghdad Today that any disruption to global supply chains or an increase in shipping and insurance costs and fluctuations in energy prices leads to an increase in the prices of imported goods, which is reflected in inflation rates and the purchasing power of citizens, as well as delaying the arrival of goods and raw materials needed for the industrial and commercial sectors.

He explained that Iraq has a network of trading partners in Asia, Europe and neighboring countries, but foreign trade is still concentrated in a limited number of markets, which makes the economy more vulnerable to risks when those countries are exposed to crises, sanctions or political unrest, stressing that diversifying trading partners is a strategic necessity to enhance economic stability.

He added that regional sanctions, depending on their nature and the countries targeted, often lead to disruptions in some import and financial transfer channels, higher transportation costs, as well as the possibility of a temporary shortage of some goods, which raises prices and increases pressure on local markets.

Al-Shatri pointed out that the government’s ability to cope with external shocks depends on the speed of response and the efficiency of economic policies, through diversifying import sources, building a strategic stock of basic commodities, supporting local production, developing alternative trade outlets, in addition to strengthening foreign reserves and maintaining monetary and financial stability.

He stressed that the most likely scenario in the event of escalating international tensions is a continued rise in trade and transportation costs, increased inflationary pressures, and a possible slowdown in business activity in some sectors, coinciding with fluctuations that the oil market may witness, which will be reflected in the state’s public revenues.

He added: The Iraqi economy has the tools to deal with external shocks, but it needs to accelerate economic reform programs, reduce dependence on imports, and expand the local production base, which will enhance the economy's resilience and limit the impact of international crises on Iraqi markets.

The Iraqi economy is closely linked to global markets, whether through the import of goods and raw materials or through the general budget's reliance mainly on oil revenues.

With the rise of international crises and the fluctuation of global supply chains in recent years, there have been repeated calls to diversify trading partners, support local production, and build strategic stockpiles to reduce the impact of external variables on markets and the national economy.    https://baghdadtoday.news/303264-.html

Wed. Iraq News Posted by Tishwash at TNT 7-15-2026

TNT:

Tishwash:  Hegseth welcomes Al-Zaidi

US Secretary of Defense Pete Hegseth received Prime Minister Ali al-Zaidi at the ministry headquarters.

Prior to that, the Prime Minister held official talks with US President Donald Trump , and Al-Zaidi stressed that Iraq needs a strategic partner the size of the United States to overcome economic challenges.

Trump said his country supports al-Zaidi's government in promoting stability and economic steps. link

Tishwash:  Al-Aboudi: The Washington visit lays the foundation for a new economic phase in Iraqi-American relations.

 Government spokesman Haider al-Aboudi revealed on Tuesday the schedule for Prime Minister Ali Faleh al-Zaidi’s visit to Washington, stating that he will visit Congress and the Treasury Department, as well as American financial institutions.

He also indicated that the meeting between the Prime Minister and the US President today was positive.

 Al-Aboudi said in a statement to the program “The Scene” which is broadcast on Al-Iraqiya News and followed by the Iraqi News Agency (INA): “The visit of the Prime Minister, at the head of a ministerial delegation and businessmen, to the United States is exceptional,” indicating that “the positive event today in Iraqi-American relations is moving from the area of ​​security to the economy and investment.”

He added that “the Iraqi delegation adopts an economic doctrine aimed at securing Iraq’s economic activity and exporting Iraqi oil by creating the largest space for investment and development,” noting that “energy and financial matters were present in the atmosphere of understanding and agreement between the Prime Minister and the US President today.”

He pointed out that “the atmosphere of the meeting between the Prime Minister and the US President today was positive, and all indicators of interaction were present between the two sides,” explaining that “the government’s ministerial program adopted, from the first moment, the strengthening of Iraq’s foreign relations, especially with internationally influential countries, with the aim of growth and economic stimulation.”

He added that “Iraq is far from the axes of conflict, and does not interfere in the affairs of other countries, and the government proceeds from these principles to preserve the interests of the Iraqi state,” stressing that “the economy represents the biggest challenge for the Iraqi state.”

He explained that “what we have observed, and what observers have noted, is that the United States values ​​its partnerships with Iraq,” pointing out that “the government headed by al-Zidi adopts the economy as a fundamental pillar of the relationship with Washington.”

He explained that “we have a date on September 30, after which the American military presence will end, and with it will begin developmental requirements represented by long-term economic partnerships, through stimulating the investment environment and providing stable climates for investment,” noting that “the Iraqi government is moving towards comprehensive reform.”

He stressed that “Al-Zaidi’s visit to Washington represents the most important visit to Iraq over the successive governments since 2003 until now, as it establishes a new page, and does not make security the focus of this relationship, but rather makes the economy the focus of the relationship,” noting that “the warm reception that everyone pointed out reflects the systematic impact of the Iraqi government in dealing with complex issues.”

He noted that “the media coverage of al-Zaidi’s meeting with Trump, in general, was remarkable, as the Iraqi, Arab and foreign press paid great attention to the meeting.”

Regarding the visit schedule, Al-Aboudi explained that “the Prime Minister’s visit schedule began today with a meeting with US President Donald Trump, followed by a visit to the Department of Defense, and there will be other stops including Congress, as well as the Treasury Department, and the US institutions responsible for funding.”

He added that “in the coming hours there will be a reconciliation of views at the level of the Central Bank and financial institutions, and this understanding will culminate in a positive signing for the benefit of Iraqi financial institutions,” stressing that “the visit will witness understandings and meetings that will benefit the Iraqi financial system.link

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Tishwash:  10 key points from the night of Trump and Al-Zaidi: “No fear…wait for me at the end of the year.”

Network 964 summarizes the top ten points from the live broadcast from the Oval Office during a major half-hour meeting between Iraqi Prime Minister Ali Zaidi and US President Donald Trump, attended by senior officials and international media. The 30 minutes appeared to be filled with surprises, unlike previous summits between Baghdad and Washington.

1 - Trump, at the entrance to the White House, points to al-Zaidi: He won... I love Iraq... For now, that's all I have to say.

2 - Trump's first words to al-Zaidi: You are a handsome young man and a winner in Iraq.

3 - Trump: “I envy al-Zaidi”... He will remain in office for a long time and has accomplished a lot.

4 - Trump remembers Maliki and says to Al-Zaidi: There is a high level of chemistry between us and I was keen for you to win.

5 - Trump: Iraqis' feelings towards me have improved, and thank you to Al-Zaidi.

6 - Al-Zaidi tells Trump: I come to you from the oldest civilization in the world.

7 - Al-Zaidi's first words to Trump: The factions' weapons are now in my possession, and wait for me until the end of the year.

8 - Al-Zaidi complains to Trump about OPEC: I want a bigger share of the world's oil.

9 – Trump tells al-Zaidi something about Iran: Your fear is over... I am the guardian.

10 - Al-Zaidi tells Trump something about Kurdistan: Part of my body is like Basra.

link

Tishwash:  Coinciding with the meeting between al-Zaidi and Trump, Iraq requests an additional shipment of dollars.

Iraqi government spokesman Haider al-Aboudi revealed on Tuesday that the Central Bank of Iraq had submitted a request to obtain an additional tranche of foreign currency (dollars) from the US Federal Reserve, indicating that Prime Minister Ali al-Zubaidi's meeting with US President Donald Trump contributed to framing the relationship between the two countries and moving it from the security sphere to the economic sphere .

Al-Aboudi said, in a statement followed by Al-Sa’a Network, that “the Iraqi delegation in Washington, headed by Prime Minister Ali Al-Zaidi, clarified the course of relations with the United States, and Al-Zaidi’s meeting with President Trump contributed to framing the discussions and understandings within the framework of a strategic relationship built on economic foundations, which clearly confirms that Iraq possesses strategic weight at the regional level .”

He explained that "the decision to restrict weapons to the state is a sovereign decision taken by the Iraqi government headed by Ali al-Zaidi, and that the economy represents the biggest challenge facing Iraq today, especially since the state's oil-dependent revenues have been exposed to great risks as a result of the closure of the Strait of Hormuz and the tensions witnessed in the region ."

He pointed out that "the presence of international forces in Iraq in 2014 came at the request of the Iraqi government, which sought help from its international friends, but the reasons that necessitated the presence of these forces no longer exist today ."

He added that "Iraq is moving towards seeking economic and developmental foundations that serve the higher interests of the state, and on this basis the partnership between Baghdad and Washington is built on the economy, in a way that ensures the sustainability of the relationship between the two countries and moves it from the realm of security to the realm of the economy ."

Al-Aboudi confirmed that "the flow of foreign currency into Iraq has resumed after the reasons that were hindering the continued arrival of foreign currencies have subsided ."

As is well known, the Central Bank of Iraq has an account with the US Federal Reserve, but air transport conditions during the past months hindered the arrival of dollar shipments to the country, before these payments were resumed again  link

Iraq Economic News and Points To Ponder Tuesday Afternoon 7-14-26

Washington. Zaidi And Barak Review The Course Of Economic Relations Between The Two Countries

Money and business    Economy News — Baghdad  Prime Minister Ali al-Zaidi and US President Tom Barak's special envoy on Tuesday stressed the importance of supporting efforts to enhance security and stability in the region, stressing the pivotal role that Iraq can play in bringing views closer. 

The Prime Minister's Information Office said that "Al-Zaidi received on Monday evening Baghdad time, at his residence in Washington, D.C., the special envoy of the US President to Iraq, Tom Barrack, and during the meeting they discussed the prospects of joint cooperation between Iraq and the United States of America."

He added: "The meeting also reviewed the course of economic relations between the two countries, and the recent development, and ways to expand the areas of cooperation and partnership."

The statement pointed out that "the meeting dealt with the developments of the situation in the region, and the importance of supporting efforts to strengthen security and stability and reduce levels of tension, and the pivotal role that Iraq can play in bringing views closer and contributing to calming the situation at the regional level."

https://www.economy-news.net/content.php?id=71359

Al-Zaidi calls on Iraqi businessmen in America to invest and return to the reconstruction of the Nineveh Plain

Money and business   Economy News — Baghdad  Prime Minister Ali al-Zaidi called on Iraqi businessmen in the United States, especially members of the Christian community, to invest in the sectors of education, health and oil industries, and to participate in the reconstruction of the Nineveh Plain.

Al-Zaidi’s invitation came during a meeting at his residence in Washington, D.C., on Monday evening, with a number of representatives of the Iraqi Christian community and Iraqi businessmen residing in the state of Michigan.

The meeting discussed, according to a statement by the Zaidi Office, the situation of the Iraqi community in the United States, the prospects for expanding its participation in development and investment efforts inside Iraq, as well as the opportunities available to Iraqis in the diaspora to contribute to the diversification of the national economy.

Al-Zaidi stressed that the government views the cultural and religious diversity of Iraqi society as a human wealth, both inside the country and in the diaspora, calling on Iraqi businessmen in general and Christians in particular to invest in the sectors of education, health, industries and oil products.

He pointed out that the government is working on plans to increase oil production significantly over the next three years, along with expanding investment opportunities and partnership with foreign companies.

The Prime Minister welcomed the return of Iraqi Christian families to the country and participation in the reconstruction of the Nineveh Plain, stressing the government's commitment to protect the historical presence of Iraqi components and enhance their participation in public and economic life.

The meeting also discussed opportunities to open branches of US banks in Iraq, which contributes to facilitating trade exchange and investment and strengthening economic relations between Baghdad and Washington.

For their part, representatives of the community and businessmen expressed their readiness to enter the Iraqi market and establish partnerships between US companies and the public and private sectors in Iraq, in order to support the diversification of the economy and expand cooperation in various fields.  https://www.economy-news.net/content.php?id=71360

International Labor Launches A New Project To Sustain The Green Environment Of Iraq

Money and business Economy News — Baghdad   Within the framework of the AFAC partnership funded by the Kingdom of the Netherlands, the International Labour Organization (ILO) has officially launched a new afforestation project within the intensive investment program in Zakho, Kurdistan Region of Iraq.

The project began with an inaugural meeting that brought together the independent Zakho administration, the University of Zakho and other key stakeholders to launch the project, develop coordination mechanisms and agree on the implementation plan.

By planting more than 16,350 trees, the project will provide short-term employment opportunities for community members, contribute to the restoration of the environment, provide greener public spaces, and enhance climate change resilience in the Zakho region.

This initiative reflects the ILO’s commitment to promoting decent work and supporting sustainable environmental and community development. https://www.economy-news.net/content.php?id=71366

Dohuk. The Arrival Of Dutch Equipment In Preparation For The Operation Of The Plastic Waste Recycling Plant

Money and business  Economy News – Baghdad  The Department of Municipalities of Duhok province announced on Tuesday that the project to establish a plastic waste recycling plant in the Kawashi industrial area of the district of Smil has reached its final stages, while confirming that the equipment of the factory has arrived from the Netherlands in preparation for the start-up.

The Director of the Department of Municipalities of Duhok Governorate, Diyar Bahri, said that "the plastic waste recycling plant, which is being established in the Kawashi industrial area of the province of Smil, west of Duhok province, is one of the joint environmental projects between the Kurdistan Regional Government, the VNG International and the Dutch government, and aims to reduce pollution and create new job opportunities."

He added that "the factory building has been completed in full, while its equipment has arrived from the Netherlands," explaining that "the project will work to collect plastic waste, recycle it and convert it into products used in schools, municipalities and roads, such as chairs, seats, barriers and flower basins, instead of remaining in the environment for decades."

Bahri pointed out that "the project is in line with the program of the Kurdistan Regional Government, which focuses on protecting the environment and reducing pollution through waste management and recycling in modern ways."

He explained that "there is another project being implemented in cooperation with the organization (VNG International) to establish a laboratory specialized in the production of compost fertilizer in accordance with professional standards, in order to benefit from organic waste and turn it into an approved agricultural product."

He pointed out that "the production capacity of the plant in its first phase will reach about 100 tons per year, with plans to increase production in the coming stages through continued cooperation between the Kurdistan Regional Government and the Dutch government."

Bahri stressed that "the project will contribute to reducing the environmental damage caused by plastic waste, and turning it into usable products, as well as achieving economic return and providing new job opportunities in the district of Smil and the province of Duhok https://www.economy-news.net/content.php?id=71380

To Lift The Ban On Airlines. Minister Of Transport Agrees With EU Ambassador To Hold Urgent Meeting

Money and business    Economy News – Baghdad  ​The Minister of Transport, Wahab al-Hassani, agreed on Tuesday with the Ambassador of the European Union to Iraq, Clemens Siemtner, to hold a close and urgent meeting at the specialized level between the Iraqi and European sides, to determine and meet the requirements necessary to lift the European embargo imposed on the green bird (Iraqi Airways).

​During the meeting, which was attended by the Director of the Cooperation and Projects Department of the European Mission, Vim Rimba, the two sides discussed the basic arrangements for the embargo file, which is a top priority for the Iraqi government in the next phase.

​During the talks, the Minister of Transport stressed that accelerating the lifting of the European embargo will strengthen the complementary situation and joint cooperation projects between Iraq and the European Union countries, foremost of which is the "strategic development road" that will link the global trade movement from the east to Europe through Iraqi territory.

​​For his part, the Ambassador of the European Union praised the keenness of the Iraqi Ministry of Transport and its high seriousness in the success of the task of lifting the ban on airlines, praising the aspirations of the ministry to develop bilateral relations.

The ambassador also stressed the interest of the European Union countries in building partnerships and sustainable cooperation with Iraq in the transport and infrastructure sectors https://www.economy-news.net/content.php?id=71382