Exciting figures: Iraq ranks high globally in its use of cryptocurrencies.
The Global Adoption Index for Cryptocurrencies revealed solutionsIraqIt ranks relatively high, as it is among the top third of countries in the world that use cryptocurrencies.
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The sixth edition of the Global Cryptocurrency Adoption Index reveals the extent of cryptocurrency adoption at the grassroots level. The index consists of four sub-indices and ranks 151 countries, with a final score ranging from 1 to 0. The closer a country's score is to 1, the higher its cryptocurrency adoption rate.
And he cameIraqIt is ranked 44th globally out of 151 countries, which makes it among the top third globally in the use of cryptocurrencies, and achieved points of 0.05, outperformingSaudi ArabiaAnd Oman, Kuwait, the Emirates, Qatar, and Bahrain, butTürkiyeYemen and Jordan outperformed Iraq.
Data indicate that the regionAsiaand the oceanThe guideIt was the fastest-growing region for cryptocurrency activity on the supply chain, with value received increasing by 69% year-on-year over the past 12 months, and total cryptocurrency transaction volume in the region roseAsia PacificFrom US$1.4 trillion to US$2.36 trillion.
Capital and global confidence: Iraq is on a journey to find global partners to build a diversified economy.
Economic and financial expert Rashid Al-Saadi stressed, on Wednesday (September 3, 2025), the importance of increasing foreign investment in Iraq during the next phase, emphasizing its vital role in promoting sustainable economic growth and diversifying sources of income away from reliance on oil.
Al-Saadi told Baghdad Today, "Attracting foreign capital is a fundamental pillar for revitalizing the productive and service sectors. It enables technology transfer and national capacity building, as well as enhancing the competitiveness of the local market."
He added, "Iraq possesses promising investment potential, including natural resources, a strategic geographic location, and a young workforce. However, improving the business environment, simplifying bureaucratic procedures, and enhancing transparency and the rule of law remain essential to attracting investors and achieving long-term partnerships."
Al-Saadi continued, "Increasing foreign investment is a vital step to support economic stability and create new job opportunities, particularly in the industrial, agricultural, renewable energy, and information technology sectors. This requires formulating incentive policies and flexible legislation that align with international standards and give global companies the confidence to enter the Iraqi market."
In recent years, Iraq has witnessed a growing effort to diversify its sources of income and reduce its dependence on oil, particularly following the economic challenges posed by fluctuating energy prices and the global financial crisis.
Although Iraq possesses strong investment potential, such as abundant natural resources, a strategic geographic location, and a young workforce, challenges related to the business environment, bureaucratic procedures, and lack of transparency remain barriers to foreign capital flows.
Accordingly, economists and experts emphasize the need to adopt stimulating legislative policies and ensure legal stability to encourage international companies to confidently enter the Iraqi market and establish long-term partnerships.
Al-Sudani directs employees of the Ministry of Finance and relevant government banks to work on Fridays and Saturdays.
Prime Minister Mohammed Shia al-Sudani directed Finance Ministry employees on Thursday to report to work on Friday and Saturday to complete the distribution of retirees' salaries.
A government source said, "The Prime Minister has directed employees of the Ministry of Finance and relevant government banks to report to work on Friday and Saturday to complete the distribution of retirees' salaries."
Not exceeding 20%... The culture of cash transactions hinders the electronic transformation in Kurdistan.
Financial expert Othman Karim confirmed on Thursday (September 4, 2025) that the percentage of electronic financial transactions in the Kurdistan Region is still below the required level, and has not exceeded 20% so far.
Karim told Baghdad Today that manual transactions are still the norm in government departments when it comes to receiving taxes and invoices, and that the use of electronic cards in daily transactions between citizens is limited to large shopping centers.
The expert attributed this decline to several main reasons, including the continued manual payment of salaries by employees, a lack of trust in banks within the region, and the absence of a culture of electronic financial transactions.
Ava Information: TBI Bank ATM problems have been resolved
A source in the 'My Account' project of Ava said that the problem of withdrawal machines of TBI Bank has been resolved and now the employees registered with the bank can go to withdraw their salaries.
About 16,000 employees of TBI Bank in Sulaimani were unable to receive their salaries due to the failure of their ATMs since 11:00 pm on Thursday, September 4, 2025, due to the failure of the ATMs of the bank The problem continued until 11:00 pm.
Official Statement: A source in the 'My Account' project of Ava said that the technical teams of the 'My Account' project in coordination with TBI Bank, solved the problem and now those employees registered with the bank, can go to withdraw their salaries.
Background: The My Account project continues to expand and so far more than 900,000 salaried employees in the Kurdistan Region have registered for the project. The project has full coordination with the Central Bank of Iraq and seven partner and authorized banks.
The 'My Account' project provides assurance to 16,000 salaried employees through Kurdistan2
The ATMs of TBI Bank were out of order at 11 am today due to a technical problem, but now the problem has been resolved and employees can withdraw their salaries, the team of the 'My Account' project said.
Thursday, September 4, 2025, the team of the 'My Account' project, exclusively for Kurdistan24, revealed that at 11 am today, 16,000 salaried employees participating in the 'My Account' project, mostly residents of Sulaimani Pull their salaries.
The project team said they were on the line to resolve the issue with TBI until recently.
The My Account project team assures the 16,000 salaried employees that they can now withdraw their salaries from TBI ATMs.
On Monday, September 1, 2025, 1 trillion 7 billion 352 million dinars as funding for the June salaries of employees and salaried employees and salaried employees were deposited into the bank account of the Ministry of Finance and Economy of the Kurdistan Region.
Wednesday, September 3, 2025, the Kurdistan Regional Government (KRG) announced that more than 900,000 civil servants have successfully registered in the "My Account" project.
This project is a major effort of the Kurdistan Regional Government to digitize banking services and reduce the dependence on cash, towards the development of modern public services.
The My Account project is being implemented in coordination with the Central Bank of Iraq and seven partner banks and their branches. The project aims to serve more than one million beneficiaries in regulated banks.
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Will Iraqi oil be stored in the Sultanate of Oman?
Economic expert Nabil Al-Marsoumi called on Thursday for calculating the investment costs and oil storage costs in Oman's oil depots, while studying the possibility of expanding and doubling Iraqi oil storage capacity to determine the economic feasibility of this strategic project for Iraq.
Al-Marsoumi said in a Facebook post, followed by Al-Sa'a Network, that "Iraq and the Sultanate of Oman signed two memoranda of understanding to develop a crude oil storage project in Ras Markaz, with an initial capacity of up to 10 million barrels, subject to expansion. The project aims to expand the scope of marketing Iraqi oil in global markets."
He added, "The Sultanate of Oman is counting on the project to transform Duqm into a hub for storing and re-exporting oil outside the Strait of Hormuz."
He added, "Oman seeks to increase the total storage capacity of Ras Markaz to 200 million barrels, and 25 million barrels in the first phase, while supporting its efforts to attract international oil companies."
He explained that "Iraq views storing oil in the Sultanate of Oman as an additional outlet for exporting crude to major markets, particularly in Asia, away from the Strait of Hormuz. It also gives it greater flexibility to address disruptions resulting from storms or unfavorable natural conditions for oil exports from the ports of Basra."
He pointed out that "there are Iraqi government plans to build oil tanks and refineries in the Sultanate of Oman, Southeast Asia, and the Eastern Mediterranean, with the aim of expanding the scope of Iraqi exports, creating new markets in Africa and Europe, and strengthening its presence in the Asian market."
He pointed out that "there are plans to establish an oil refinery in the Duqm Special Economic Zone, which includes a deep-water port capable of receiving giant tankers to overcome any potential crises in the Strait of Hormuz."
Get ready... An economist sends a message to retirees and employees.
Economic expert Ziad al-Hashemi criticized the ongoing salary delay crisis in Iraq, stressing that employees and retirees are now facing a recurring monthly dilemma.
In a post on his Facebook page, f, al-Hashemi said , "These segments must always prepare themselves for delayed payments, as the delay is justified each time with a new pretext."
Coming Soon to Iraq: Launch of the Globally Recognized Electronic
Signature to Boost Digital Transformation
Minister of Communications, Hiyam Al-Yasiri, announced today, Thursday, the imminent launch of electronic signatures, while affirming that these signatures are internationally recognized.
Al-Yasiri said in a statement to the official media, followed by (Al-Mada), that "the government has been working very quickly, and digital transformation has been one of its priorities," indicating that "electronic payment is now available everywhere, in addition to the complete localization of salaries and the delivery of a unified card to almost all Iraqis."
She added, "The Ministry of Communications is the unknown soldier of the digital transformation project, as the ministry is the one providing the infrastructure for the unified card. We are the ones providing the infrastructure for the electronic passport, and all institutions working on the electronic transformation originally rely on the infrastructure of the Ministry of Communications. We have made a significant contribution to the digital transformation in Iraq."
She emphasized, "We have strategic plans and major projects that we want to complete in the future. Our ministry is focused on three main success stories, including the national mobile phone license project, the fiber optic cable project, and its widespread deployment. We are continuing with expansion and submarine cable and transit projects." She noted that, "Electronic signatures will soon be launched in Iraq for the first time, and have become globally recognized, representing a fundamental pillar of digital transformation in Iraq."
Al-Kadhimi visits Beirut and meets with Berri to discuss Iraqi-Lebanese relations, regional and international developments, and joint cooperation.
Former Iraqi Prime Minister Mustafa Al-Kadhimi visited the Lebanese capital, Beirut, where he met with Parliament Speaker Nabih Berri at the second presidential headquarters in Ain al-Tineh.
According to a statement from Al-Kadhimi's office, the meeting discussed fraternal relations between Iraq and Lebanon and ways to enhance bilateral cooperation to serve the interests of the two brotherly peoples. Local, regional, and international developments were also discussed, with the importance of ongoing coordination to address challenges and enhance regional stability emphasized.
Economist: Storing Iraqi oil in the Sultanate of Oman is a strategic project to expand export outlets.
Economic expert Nabil Al-Marsoumi confirmed that the signing of two memoranda of understanding between Iraq and the Sultanate of Oman to develop a crude oil storage project in the Ras Markaz area of Oman represents an “important strategic step” toward expanding Iraqi oil exports to global markets, particularly in Asia.
Al-Marsoumi explained in a blog post followed by Al-Mada that the project, which begins with an initial capacity of up to 10 million barrels, subject to expansion, provides Iraq with greater flexibility in the face of potential disruptions at Basra ports, whether due to climatic conditions or crises in the Strait of Hormuz. He pointed out that the Sultanate of Oman, in turn, seeks to transform the Duqm area into a regional center for storing and re-exporting oil, with a total capacity that will eventually reach 200 million barrels.
He added that Iraq's plans are not limited to storage in Oman alone, but also include the construction of oil tanks and refineries in Southeast Asia and the Eastern Mediterranean, which would contribute to diversifying export outlets and opening new markets in Africa and Europe, in addition to strengthening its presence in the Asian market.
Al-Marsoumi pointed out that the project has a strategic dimension for Iraq, but it requires a careful study to calculate the investment costs and storage fees in Amman's warehouses, while assessing the possibility of doubling Iraq's storage capacity there, to ensure economic feasibility that matches the geopolitical dimension the project provides.
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