Wednesday, April 2, 2025

Iraq is recovering... an important message from Grand Ayatollah Sistani

Iraq is recovering... an important message from Grand Ayatollah Sistani to the Iraqi people.

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Iraq's highest religious authority, Grand Ayatollah Ali al-Sistani, called on Iraqis on Tuesday to adhere to their national principles and maintain hope for the future.

The video for this My FX Buddies Blogpost is below here:

In a message conveyed by one of his representatives and monitored by the Video News Agency, Ayatollah Sistani said, "The country is moving toward recovery and stability," calling on everyone to "not fear and to cling to hope for a better future."

 
According to the letter, Ayatollah Sistani emphasized "the importance of Iraqis adhering to authentic customs, values, and principles, as they are the foundation that preserves the unity and identity of society."
 

According to the letter, Ayatollah Sistani specifically addressed the Shiite sect, saying, "Shias possess a great cultural heritage, and it is essential that they recognize and preserve it as part of their cultural and historical identity." 


Final budgets return to the forefront as Parliament awaits the arrival of the 2025 budget schedules.

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Final budgets return to the forefront as Parliament awaits the arrival of the 2025 budget schedules.

Discussion of the final budgets has returned after the Minister of Planning announced the completion of the final accounts for the 2025 budget. Experts believe that the final accounts for the 2024 fiscal year will serve as the basis for approving the 2025 budget.

Financial expert Salah Nouri explained in a statement to {Euphrates News} that: “Article 13, Paragraph {Third} of the Financial Administration Law No. {6} of 2019 addressed the case of non-approval of the draft federal general budget law, according to the following text: In the event that the draft federal general budget law for a specific fiscal year is not approved, the final financial statements for the previous year shall be considered the basis for the financial statements for this year and shall be submitted to the House of Representatives for approval.”

He added, “This article was added as a result of the failure to approve the draft federal general budget law for the year 2014, which created a vacuum that was not addressed at the time.

” Nouri added, “For the proper implementation of the aforementioned Article (13), the Ministry of Finance must have completed the final account for the fiscal year 2024, which will be the basis for approving the 2025 budget and submit it to the House of Representatives.”
On March 26, Minister of Planning Mohammed Tamim announced the completion of the preparation of the 2025 budget tables and their submission to the Council of Ministers.

The Minister of Planning confirmed that the budget tables do not include any new projects, but rather include funding for ongoing projects.

For his part, Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, revealed that the committee noted a clear flaw in the estimation of non-oil revenues. Through amending the law of the General Authority for Monitoring the Allocation of Federal Revenues, we seek to determine the size of revenue from investing state assets and other revenue sources, so that we have a clear vision when formulating the country's financial policy.

Al-Atwani affirmed the committee's determination to activate the work of this important constitutional body and grant it broader powers so that it can assume its responsible national role. He expressed his concern over the halt in listing projects and the procrastination in financing ongoing projects, noting that "these reasons are a dangerous prelude that may return us to the problem of stalled projects."


Warning of something that could cause the Iraqi economy to stagnate

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Warning of something that could cause the Iraqi economy to stagnate

warnedFinance CommitteeToday, Wednesday, a recession may hit the Iraqi economy.

The committee member saidMustafa Al-KarawiForAlsumaria News"The reason citizens store their money at home is their lack of trust in government banks and the banking services they provide. This has led to a decline in the flow of money within the country, as well as in economic and monetary activity."

 
He added, "Plans and programs must be put in place to gain citizens' trust, activate e-commerce, and ensure that funds are held by government banks so they can be recycled into economic activities." He noted that, "according to information, funds stored in homes exceed 100 trillion dinars."

He warned that, "This is causing a recession in the Iraqi economy," noting, "We need a real economic shock so that we can activate these funds and circulate them in economic activities that will have positive repercussions in developing the domestic economy and activities and interactions between citizens."


The performance of the Iraqi banking sector during the year: decline in some indicators and growth in others.

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The Iraqi banking sector witnessed significant changes in its financial indicators over the past year, according to published data. These data reflect the performance of commercial banks, cash flows, dollar purchases and sales, and the policies of the Central Bank.

Commercial banks: decline in some assets and growth in private deposits

Data showed a 0.92% decline in commercial bank assets, falling from KWD 205.25 trillion at the end of 2023 to KWD 203.36 trillion at the end of 2024. Current deposits also declined by 9.38%, while private deposits increased by 10.63%, indicating increased consumer confidence in private banks compared to traditional current deposits.

Dollar movements: Central bank purchases drop sharply

The Central Bank's dollar purchases recorded a significant decline of 61.97%, falling from $8.35 billion to $3.18 billion. In contrast, cash dollar sales saw a slight decline of 0.92%, reflecting a decline in demand for hard currency in local markets.

Cash: A decrease in the money supply and a decline in the issued currency reserves

The issued currency decreased by 1.36%, while cash outside banks decreased by 10.26% to 130.35 trillion dinars, compared to 145.26 trillion dinars the previous year. The ratio of required reserves to issued currency also decreased from 143.14% to 129.64%, indicating a decrease in cash liquidity available in the market.

Central Bank: Increase in loans and decrease in gold reserves

Loans granted to small and medium enterprises (SMEs) saw a significant increase of 47.02%, reflecting a trend toward supporting economic development through project financing. Meanwhile, gold reserves fell by 8.69% to 189.90 trillion dinars, compared to 207.96 trillion dinars last year.

Inflation and exchange rate: a significant decline

The inflation rate fell by 35.56%, from 4.50% to 2.90%, reflecting improved price stability. The exchange rate on the parallel market also declined by 1.32%, indicating relative stability in the value of the dinar against the dollar.



One of them is in Iraq...American "BlackRock" acquires ports in the Middle East.

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US asset management firm BlackRock and Italian shipping company MSC have acquired 43 ports owned by Hong Kong-based multinational CK Hucheng Holdings in a deal that will give the US asset manager control of 12 ports in the Middle East, located on strategic coasts stretching from the UAE and Oman to Iraq and Egypt. 

In March 2025, a consortium of BlackRock and MSC reached a $22.8 billion deal to acquire 43 ports owned by CK Huzhen, a Hong Kong-listed company owned by one of Asia's richest men, 96-year-old billionaire Li Ka-shing.

The deal made headlines because it would give BlackRock and MSC control of two ports at each end of the Panama Canal, the strategic waterway that US President Donald Trump has threatened to seize to limit China's influence in the Western Hemisphere.

But the agreement's impact extends beyond Panama to the Middle East, where Arab countries, particularly the Gulf states, are seeking to diversify their economies away from oil. The shipping and ports sectors represent another source of economic diversification for these countries.

 

Which ports will BlackRock and MSC acquire in the Middle East?
Under the deal reached between the US-based BlackRock and Italy's MSC Group, the two companies are set to acquire 12 ports in the Middle East, distributed as follows:

Egypt (5): Alexandria - Dekheila - Abu Qir - Ain Sokhna - and the new B100 berth at Alexandria Port
Emirates (4): Ras Al Khaimah - Ajman - Khasab - UAQ
Sultanate of Oman (1): Sohar
Iraq (1): Basra
Saudi Arabia (1): Jazan



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Government statement on Iraq's foreign reserves: at their highest levels

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The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed on Wednesday that foreign reserves are at their highest historical levels, helping to achieve economic balance and stability for the country. He also noted that reserves still cover more than 100% of the currency in circulation. 

“The slight decline in the Central Bank’s reserves, estimated at 1% of the country’s total foreign reserves, is linked to two things: First, the high level of reinforcements of the Iraqi banking system with foreign currency from their correspondents abroad for the purposes of financing trade and external transfers, which led to a significant decline in the exchange rate of the dollar in the parallel market against the dinar and an increase in the value of the dinar in that parallel market,” Saleh told the official agency, followed by “Al-Eqtisad News.”

He explained that "control over domestic liquidity levels has become high, significant, and influential in light of the increasing external value of the dinar, which continues to indicate a decline in the effectiveness of the parallel or secondary market in the country. There has also been a very clear decline in growth rates in the general price level and a very high level of price stability, unlike anything the country has ever witnessed before."

 He added, "The other issue depends on the degree of growth in the amounts in which the public finances exchange monthly oil revenues in foreign currency for the dinar for the benefit of total spending (which is the basis of foreign reserves) and converting them into Iraqi dinars," noting that "this is also linked to the degree of discipline and control of public expenditures on the one hand, and thus the slowdown in the liquidation of government foreign currency proceeds into domestic liquidity that can be spent on the other hand through the general budget." 

He pointed out that "taking into account the risks of fluctuations in average export oil prices of about $70 or less per barrel in energy markets, which occurred in recent months, this means that the compatibility between the level of replenishment of foreign reserves (through collecting them through cash issuance), which may have become slower and less rapid on the part of public finance, and external transfers in foreign currency for the benefit of financing private sector trade on the part of the monetary authority, which is still at a relatively high pace, is what caused this deficiency or slight decline in foreign reserves."

Saleh continued, "Foreign reserves remain at their highest historical levels, achieving economic balance and stability for the country. The function of foreign reserves remains to defend price stability. However, it is also wise for the Central Bank of Iraq to closely monitor the movements of the current account of the balance of payments to maintain the stability of foreign reserves and monitor their growth safely." 

He stressed that "these foreign reserves still cover more than 100% of the currency in circulation and enjoy a high commercial efficiency of more than 15 months of imports, compared to the global standard of three months." He added that "the monetary authority is the only competent entity responsible for managing the country's monetary policy at the domestic and external levels, with a high degree of consensus in terms of balance and transparency to achieve and maintain economic stability."


ASYCUDA representative to Rudaw: Iraq has completed the automation of 18 border crossings.

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 ASYCUDA's representative in Iraq, Nizar Al-Ammari

 
ASYCUDA's representative in Iraq, Nizar Al-Ammari, confirmed that the customs automation system is currently implemented at 18 of the 21 ports, with difficulties in implementing it on the Syrian border despite the port's readiness. He noted that two additional ports (one sea and one land) will be operational by the 15th of this month, thus completing the automation of all Iraqi ports.
 
Al-Amari told Rudaw Media Network on Wednesday (April 2, 2025) that the ASYCUDA system focuses on the three basic customs operations: import, export, and transit, and includes all customs procedures from the moment goods are registered until they leave the customs port. All of these operations have become fully electronic, including payment.
 
He added that the system has entered its second phase, which includes automating the remaining ports and adding new applications to improve monitoring and maximize trade revenues. The third phase will include the implementation of a single window for foreign trade, which will make all foreign trade operations in Iraq fully automated, eliminating any paper transactions or cash payments.
 
Al-Amari emphasized that the new system will improve the accuracy of trade statistics in Iraq, helping to develop clear economic and strategic plans, a matter of utmost importance to the international community. He explained that the automation of customs will enhance trade fairness for all traders, as customs laws will be applied uniformly to all.
 
He pointed out that the system automatically calculates customs duties and regulates import and export permits, reducing the possibility of tampering with customs data. He emphasized that work is also underway to link the Iraqi system with those of neighboring countries, which will enable the identification of incoming goods before they arrive in Iraq, thereby limiting any attempts at manipulation or smuggling.
 
He stressed that the United Nations respects the sovereignty of states and regions, and that its role in Iraq is limited to providing technical and economic advice without political interference. He noted that the ASYCUDA system was agreed upon between the Iraqi federal government and the Kurdistan Regional Government.
 
Regarding the implementation of ASYCUDA in Kurdistan, Al-Amari pointed to three options: first, the Kurdistan Region would continue to use its current system or a different system with the possibility of linking it to ASYCUDA, provided it complies with international standards. Second, the Kurdistan Region would adopt the ASYCUDA system in full in the region through the Iraqi government, but this would be a complex option due to the linguistic and technical differences between the two systems.
 
The third option is to develop the ASYCUDA system in Kurdistan independently, linking it to the Iraqi system, as is the case in many countries that adopt unified systems with integration between local and international systems, he said.


Al-Maliki calls on those who reject the elections to participate widely in the 2025 elections: The last one was not up to scratch despite the fatwas.

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Al-Maliki calls on those who reject the elections to participate widely in the 2025 elections: The last one was not up to scratch despite the fatwas.

State of Law Coalition leader Nouri al-Maliki called on Iraqis to participate in the parliamentary elections scheduled for late 2025, stressing that they have no choice but to resort to the ballot box if they want "confirmation" or "change," and that "we will not return to the days of coups and conspiracies."

 

In a recorded speech delivered by Maliki on Wednesday, he said, "We are making steady progress towards the constitutional requirement that awaits us this year, which is the holding of elections. Elections that give the nation its role in managing the political process and its affairs. The key to establishing the nation's role is the electoral process. These elections, which are expected to be at this level of effectiveness, must be elections that include significant contributions and integrity, and are far removed from the process of investing public funds, and far removed from manipulation, fraud, and anything that disturbs the serenity of the political process."

 

Iraq is expected to hold a new round of parliamentary elections in November 2025 to elect members of the sixth term of the Council of Representatives.

 

Al-Maliki stated that the democratic system upon which the political process, government, and its formations are based absolutely depends on elections. "If we want to consolidate a regime, we have no choice but to do so through elections. If we want to achieve a smooth, peaceful change of power, we have no choice but to vote," he said.

 

He added, "We have not and will not return to the days of coups and conspiracies that drain and manipulate the will of the nation. Elections are essentially a right and a duty, a right for every citizen who must directly contribute to managing their country's affairs, and a duty because the nation is charged with managing its own affairs, and for that purpose, it has no choice but to go to the polls."

 

The leader of the State of Law coalition addressed the voters, saying: "Do not listen to those who say to you, 'What if I am absent from the elections?' or those who level accusations against the political process. Absence from the elections will allow corruption and the corrupt to continue and become more concentrated, and they are the ones who will go to the ballot boxes if you, the sons of the Iraqi people, are absent." He pointed out that "the elections will not stop, but rather those who have wills that are not in line with the will of the nation will enter them."

 

Al-Maliki stated that "the experience is no longer new, and that Iraq has managed the electoral and democratic process smoothly so far," noting that "the recent elections did not meet the required level in terms of the level of participation, and some scholars have issued fatwas mandating participation in the process."

Al-Maliki continued: “Let our people, whether they are willing or not, know that you have no choice but to go and compete at the ballot boxes. If you want to be confirmed, or if you want change or development, or if you want accountability or reward, you have no choice but to elect a genuine parliament of representatives who possess the oversight and legislative capacity and the ability to steer the parliament to support the government and the state.” He noted: “I will speak later about the dangers surrounding the electoral process and the great possibilities that accompany it, so that we can reach an agreement and a covenant among all citizens to protect the electoral process and reject cases of manipulation and money that seek to spoil the electoral process and thus spoil the political process.”


Araqchi: Iran will not seek to research, produce, or possess nuclear weapons under any circumstances.

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 Iranian Foreign Minister Abbas Araqchi stressed that Iran will not seek to research, produce, or possess nuclear weapons under any circumstances.

The minister said in a press statement that the 2015 nuclear agreement included a fundamental commitment from Iran that still stands and the United States has benefited from it.

He explained that there is not even the slightest evidence that Iran has violated its commitment to the 2015 nuclear agreement.

He stressed that diplomatic engagement has proven effective in the past and can remain effective until now.

He continued that it must be clear to everyone that there is no such thing as a military option, let alone a military solution.

He pointed out that the catastrophic failures in the region, which cost previous US administrations more than seven trillion dollars, speak for themselves enough. 

 

Iran avoids US escalation: Ready to negotiate

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Iranian Foreign Minister Abbas Araqchi affirmed on Wednesday that his country will continue to develop its peaceful nuclear program within international standards .

According to the Iranian Foreign Ministry, Araqchi said, "We are ready for indirect negotiations with America, away from threats," criticizing "the European Union's failure to take a position against Washington's statements that threaten international security ."

He pointed out that "the threats made by American officials against us are unacceptable, contradict international laws and the UN Charter, and complicate the current situation ."

He added, "We will respond quickly and decisively to any attack that threatens our sovereignty, territorial integrity, and national interests ."


Iran committed to implementing agreements with Iraq

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Iran committed to implementing agreements with Iraq

Iranian President Masoud Pezeshkian reaffirmed Tehran’s commitment to strengthening ties with Iraq, emphasizing the importance of implementing all bilateral agreements to neutralize enemy plots in the region.

 

Speaking in a phone call with Iraqi Prime Minister Mohammed Shia' Al-Sudani on Tuesday, Pezeshkian congratulated the Iraqi government and people on Eid al-Fitr, highlighting Iran’s deep-rooted friendship with its neighbor.

"Iran is determined to operationalize all its agreements with Iraq to reinforce our brotherly ties and thwart enemy conspiracies aimed at dividing the region," Pezeshkian stated.

For his part, Prime Minister Al-Sudani extended his Eid greetings to Iran’s leadership and people, expressing hope for greater unity among Islamic nations.

He stressed that strengthening the Iran-Iraq partnership is essential for maintaining stability in the region, adding that the unity between the Iranian and Iraqi nations must grow stronger to counter external threats.

Iraq stands in solidarity with Iran and remains committed to expanding economic and political cooperation, he said.

Al-Sudani further expressed confidence that Iran, under the guidance of the Leader of the Islamic Revolution, will successfully overcome the challenges it faces, emphasizing that Iraq will continue to stand by its strategic partner against any external pressures.

 


Iraq joins TIR transit system

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The global TIR transit system became fully operational in Iraq on April 1, 2025.

The International Road Union (IRU) said that Iraq is poised to strengthen its position as a key trade hub in the Middle East, making goods transport more efficient and secure across the country’s borders and beyond. The initiative connects southern and northern Iraq, also providing an efficient trade corridor linking Asia, the Gulf Cooperation Council (GCC) region, Türkiye and Europe.

Iraq transport minister H.E. Razzaq Muhaibes Al-Saadawi said: “The operationalisation of the TIR system in the Republic of Iraq, in which IRU played a significant role, marks a significant milestone as it places the country on the brink of a new phase of potential investments and interregional trade with our neighbours and other countries in the region.”

The TIR system is expected to leverage Iraq’s strategic location and to increase the efficiency of cross-border trade, and it is forecast to reduce transport time by 80 percent and costs by 38 percent. “For the last two years, we have been working tirelessly on upgrading the road transport infrastructure in cooperation with all relevant parties. We are therefore committed to maximising the advantages of the TIR system in Iraq to boost the transport sector and the national economy,” said Al-Saadawi.

 

IRU secretary general Umberto de Pretto, commenting on the launch, said: “For almost eight decades, TIR has been driving secure trade. I look forward to seeing the first TIR truck crossing the territory of Iraq.

“Trucks will seamlessly transit the country and proceed along corridors offering a high level of security, opening a new chapter for the country and its role in international trade.”

The integration of TIR’s Electronic Pre-Declaration (TIR-EPD) system with Iraq’s national URUK platform allows the submission of advance cargo information. Throughout a journey, trucks can be closely monitored using GPS tracking, while regular checkpoints ensure cargo and transport security, before it ultimately reaches its final destination safely and on time.

 

NATO Secretary General: We are working to combat ISIS and helping Iraq strengthen its military capabilities

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الأمين العام للناتو: نعمل على مكافحة داعش ونساعد العراق على تعزيز قدرات جيشه

NATO Secretary General Mark Rutte affirmed on Wednesday that NATO is working to combat the terrorist organization ISIS and help Iraq strengthen its military capabilities.

"We are working to combat ISIS and helping Iraq strengthen its military capabilities," Rutte said at the NATO Foreign Ministers' Summit, which was followed by the Fourth Summit.

He added that "there are no plans for any NATO member to withdraw, and Washington is committed to its commitments," noting that "the security challenges are greater than any NATO member can bear alone."


Government advisor: The 2025 budget includes significant adjustments in spending and deficit.

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The Prime Minister's advisor for financial affairs, Mazhar Mohammed Saleh, confirmed that "the general budget amendments enhance stability and support the country's urban renaissance."

Saleh told Al Furat News Agency that: "The financial and legal flexibility available in the Federal General Budget Law No. 13 of 2023 (the three-year budget), in accordance with the implementation of the amended Financial Management Law No. 6 of 2019, has allowed the executive authority to proceed with the implementation of its government service program for ongoing projects without interruption and at a high level of stability."

He explained that "these efforts have been clearly reflected in all governorates of the country, as they are witnessing a continuous and organized urban renaissance." He pointed out that the financial tables for the year 2025 will soon be submitted to the Council of Representatives in accordance with Article 77/Second of the Three-Year Budget Law, which will include some important adjustments in spending, sources of public revenue, and deficit management."

He pointed out that these adjustments come after the Council of Representatives approved, in early February of the month before last, the amendment to Article 12 of the Budget Law, related to the mechanisms for calculating the extraction of oil from the Kurdistan Region in the areas of extraction and transportation operations.

The Financial Advisor emphasized that the financial track is proceeding regularly and effectively, with a high level of governance, transparency, and financial integrity, thanks to close coordination between the legislative and executive authorities. 


Iraq moves under US pressure to limit Houthi activities

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Pro-Houthi tribesmen gather to protest against the United States, Britain and Israel in Sanaa, Yemen on December 23, 2024 [Mohammed Hamoud - Anadolu Agency]

The Iraqi government has pledged to restrict the activities of Yemen’s Houthi-aligned government within its borders, confining their operations to media and cultural endeavours, according to sources cited by Al-Araby Al-Jadeed. This decision comes amid heightened international scrutiny and pressure, particularly from the US, which has intensified its aggression against Yemen.

Since 2018, the Houthis have maintained a presence in Baghdad’s Jadriya neighbourhood, operating an office overseen by Abu Idris Al-Sharafi. This office has facilitated coordination with Iraq’s Popular Mobilisation Forces (PMF) and other pro-Iran factions. According to the Carnegie Endowment for International Peace (CEIP), the Houthis have leveraged Iraqi territory for logistical support, including the smuggling of arms and subsidised fuel to Yemen, often in violation of international embargoes.

The Houthis’ integration with Iraqi resistance factions has extended to joint military operations. In July 2024, Houthi missile specialist Hussein Mastour was killed alongside members of Kataib Hezbollah in a US air strike targeting a drone facility in Jurf Al-Sakhar.

Despite official denials of an operational Houthi presence, sources indicate that “many of their activities — particularly political and media-related ones — have been halted, but the movement’s representatives remain in Iraq.” Abdulrahman Al-Jazaeri of the State of Law coalition acknowledged international pressure to close Houthi offices, stating, “All such activities are being monitored… strictly limited to civilian, media and cultural work only.”

Supporters of the Sanaa-based government, currently only recognised by Iran, argue that Iraq has offered them essential space to resist aggression and support the resistance in Gaza against the occupation state. Far from posing a threat, the Houthis’ presence in Iraq is seen as part of a broader struggle for sovereignty and regional justice in the face of Western-backed encirclement.



US official: US troop numbers in the Middle East have increased to approximately 40,000.

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A US official said on Wednesday (April 2, 2025) that the number of US forces in the Middle East will reach approximately 40,000 soldiers with additional reinforcements.

The US official stated in a press statement that "the military reinforcements in the Middle East include F-15, F-16, and F-35 aircraft."

He explained that "the military reinforcements in the Middle East include air defenses, the locations of which we will not announce."

The US official noted, "Sending B-2 bombers to Diego Garcia is part of the reinforcements in the Middle East."

"The aircraft carriers Truman and Vinson will deploy simultaneously to the Middle East," he added.

The US official stressed that "the additional reinforcements in the Middle East are a message to Iran and the Houthis."

The United States announced on Tuesday that it would deploy a second aircraft carrier to the Middle East, amid escalating tensions with Yemen's Houthi rebels, who are disrupting shipping in the Red Sea.


Iraq Signs Contract for New Economic City

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The National Investment Commission (NIC) has signed the Task Order for Phase One of developing the Al-Tayeb Specialised Economic Service Zone in Maysan Province, positioning it as Iraq's first integrated economic city.

Key Developments:

  • NIC Chairman Dr. Haider Mohammed Makiyah stated that Al-Tayeb Economic City will attract global investors across agriculture, industry, tourism, housing, and entertainment sectors, serving as a model for future multi-service economic cities in other provinces.
  • The contract, signed with U.S. firm KBR, includes strategic economic studies, investment opportunity packaging, and sectoral planning for the area.

The project aims to:

  • Establish a major economic hub linked to the Development Road project.
  • Boost Iraq's economy and provide local employment in Maysan.
  • Strengthen interagency coordination for smooth project execution.

The meeting was attended by the Governor of Maysan, members of Executive Order Committee 24771, the Maysan Investment Commission, and representatives from the Prime Minister's Office. Discussions focused on ensuring timely implementation, promoting sustainable development, and creating attractive investment opportunities in Iraq.



Video: Money Moves interviews Mohammed Khudairi

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In this episode of Money Moves, Muhammed Mekki sits down with Mohammed Khudairi, an Iraqi-American entrepreneur and investor who's helping rebuild Iraq, one business at a time.

Mohammed's family company, Khudairi Group, has grown into a multinational spanning oil and gas, construction, and retail. But what sets him apart is his passion for Iraqi startups. From backing the country's first major tech exit to advising early founders, Mohammed is proving that doing business in Iraq isn't just possible, it can be incredibly profitable.

They talk about:

  • What it takes to succeed in frontier markets like Iraq
  • How the Iraqi diaspora is returning to build the country
  • Why the future of tech in Iraq is brighter than you think
  • Real estate, startup exits, and investing in one of the most misunderstood economies on earth

Join Muhammed Mekki as he uncovers Mohammed's unique vantage point, from negotiating with global partners to mentoring Iraq's next generation of builders.

If you're curious about tech in the Middle East, emerging market investing, or doing business in post-conflict economies, this conversation is unmissable.

Click here to view the full interview.

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


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Sudani, Alaq and Private Bank Guy 



That other video  shoppers on Eid


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