Central Bank of Iraq: Salary withdrawal commission should not exceed 6 dinars per 1,000 dinars.
The Central Bank issues new decisions regarding electronic payment services (document)
The Central Bank of Iraq issued several decisions on Thursday regarding banks, electronic payment service providers, and cash withdrawal fees.
A letter issued by the bank stated that "withdrawal fees are deducted electronically, and citizens are not required to pay any fees directly to banking outlets."
It also stipulates that "banks and companies compete to provide their services to the public to achieve the public interest and improve service," while the book sets minimum commissions.
text as best as I could translate:
All Authorized Banks
All Electronic Payment Service Providers
Banking Operations Price Table
Greetings...
Further to our Circular No. (41/4/9) dated (2/9/2025), which includes the above subject, and in light of improving the financial services provided to the public, the following has been decided:
Amending cash withdrawal commissions through (POC) devices and automated teller machines (ATMs), as
Service or Product
Service Price Commission Fee Return Interest)
Cash withdrawals from (POC) devices for cards issued within the salary localization project
Notes or receipts
The maximum limit is (0.006 of the amount
- Deducted electronically from
and is according to the following:
The card balance when making the cash withdrawal.
- (0.003) collector commission as a maximum limit.
- (2003) outlet commission as a maximum limit
Cash withdrawal commission via automated teller machines (ATMs) in Iraqi dinars within the bank's network itself, or guaranteed by the national switchboard
- There is no minimum limit.
The maximum commission is (00004).
- There is no minimum limit
2 - The withdrawal commission is deducted electronically, and the citizen does not pay any commissions directly to outlets within this framework. Banks and companies compete to provide their services to the public in accordance with this, in a manner that achieves the interest of all parties and improves service to the public.
To work in accordance with it... With appreciation
Prof. Dr. Ammar Hamad Khalaf
Al Sudani The Popular Mobilizat
Kurdistan Finance announces receipt of salaries of the region's employees for the month of May.
The Ministry of Finance and Economy of the Kurdistan Regional Government announced today, Thursday, that it had received employee salaries for the month of May.
The ministry stated in a statement seen by Al-Eqtisad News that it had transferred an amount of 974 billion 813 million dinars to the bank account of the Ministry of Finance and Economy in the Kurdistan Region, at the Erbil branch of the Central Bank of Iraq, as the salary dues of the region's employees and those entitled to salaries for the month of May.
She pointed out that the distribution of salaries will begin tomorrow morning, Friday.
The issue of funding the region's salaries is a source of ongoing tension between the federal and regional governments. Baghdad demands the delivery of revenues in exchange for funding, while Erbil accuses the central government of obstructing disbursements for political and economic reasons.
The federal government had adopted a "conditional cash advance" mechanism after the region's oil exports via the Turkish port of Ceyhan were halted, further complicating the crisis. The Federal Court issued a ruling last February requiring the government to pay salaries directly, a move that later helped mitigate the dispute.
The May salaries were disbursed after weeks of delays, unlike April salaries, which were disbursed on time. Political and popular circles in the region hope that the settlements will continue and a stable mechanism for disbursing salaries will be adopted in the future.
The disbursement of salaries for Kurdistan employees for the month of May begins tomorrow and ends on Sunday.
The Ministry of Finance and Economy in the Kurdistan Region announced on Thursday that the distribution of employee salaries for the month of May will begin tomorrow, Friday, and end on Sunday.
May salaries will be disbursed starting on Friday (July 25, 2025) and ending on Sunday (July 27, 2025).
Retirees who receive their salaries through the "My Account" system will be able to receive their salaries via ATMs on Thursday.
85 days without salaries in Kurdistan: Purchasing power collapses and recession hits markets - Urgent
economic paralysis
For the first time in more than a decade, the Kurdistan Region is experiencing an unprecedented delay in the payment of its employees' salaries, reaching 85 days. This exceeds even the delays that accompanied the most severe crises between Baghdad and Erbil after 2014, which did not exceed 70 days. This delay is not merely an administrative failure or a temporary liquidity crisis, but rather a structural indicator of the shaking of financial and social stability in the region, whose markets are now reeling from political uncertainty and shrinking revenues.
In an interview with Baghdad Today, economic expert Farman Hussein expressed his deep concern about what he described as a "catastrophic situation," noting that the first months of this year saw unemployment rates rise by 7% compared to last year, reflecting a worrying shift in the dynamics of the labor market, particularly in the most densely populated governorates such as Sulaymaniyah.
Hussein adds that the crisis wasn't limited to the suspension of salaries, but rather had a direct impact on daily life. Sulaymaniyah alone witnessed the closure of dozens of restaurants, halls, and cafes, a scene reminiscent of the local collapses that accompanied the COVID-19 pandemic. The region's markets were not spared this fate, as hundreds of merchants and shop owners were forced to close or reduce their workforces, under the pressure of the downturn, weak purchasing power, and the lack of a clear solution.
The reality, as experts describe it, has shifted from a temporary recession to a state of "economic paralysis," amid signs of the demise of entire sectors that were once pillars of the Kurdish market, particularly those dependent on the daily cash flow from employees, who constitute the backbone of the middle class. This presents a double dilemma: a budget liquidity crisis and a crisis of confidence in the financial future.
Hussein warns that the recovery phase—if it begins soon—will require at least six months, provided political support and efficient economic planning are available. This period does not guarantee a full return to normal life in the market, but it represents the minimum required to revitalize the collapsed sectors.
The current crisis in the Kurdistan Region is not limited to delayed salaries. Rather, it reveals a fragile financial structure overly dependent on transfers from the central government, with no alternative financial system based on local production or economic diversification. In the absence of structural solutions, the salary crisis appears to be merely a symptom of a deeper malady, the repercussions of which extend beyond the monthly salary to impact the nation's structure and social destiny.
Economist: Foreign companies are preventing the delivery of Kurdistan's oil to Baghdad and stripping it of Iraqi judicial protection.
Economic expert Nabil al-Marsoumi said on Thursday that foreign oil companies with contracts with the Kurdistan Region are effectively preventing oil deliveries to Baghdad, asserting that these companies enjoy international legal cover that removes them from the jurisdiction of the Iraqi judiciary.
Al-Marsoumi explained in a Facebook post monitored by (IQ): “Those who believe that Kurdistan will hand over oil to Baghdad are delusional because the region does not actually own the oil. Rather, it is owned by foreign oil companies linked to the region through production-sharing contracts, under which the companies determine the level of costs, technology, production, and profits, and enjoy international legal cover that places them outside the jurisdiction of the Iraqi judiciary.”
He added, "In addition, handing over the oil means stripping the region of the treasure that provides its ruling parties with enormous financial resources and significant economic influence without contributing to the burdens or public expenditures in the budget." He continued, "Therefore, the region should have been obligated to deduct the value of the oil produced in Kurdistan (after deducting costs) from the region's share of the budget."
Aqil Abbas: The government is leading Iraq into dangerous international isolation, and Washington is positioning itself against Kurdistan.
Academic and political analyst Dr. Aqil Abbas warned of the repercussions of recent government policies, arguing that the United States no longer trusts the Iraqi state and is clearly repositioning its alliance toward the Kurdistan Region, amid continued pressure on Baghdad.
Abbas told the Jarida Platform , "What's worrying is the lack of any indications of actual dialogue between Iraq and the United States, at a time when relations are experiencing escalating tensions due to the repeated bombing of oil-producing areas where American companies operate."
He added, "The government's decision to withdraw the Popular Mobilization Forces' retirement law at this critical time, and to introduce an alternative law that establishes a structure resembling the Iranian Revolutionary Guard, reflects a complete disconnect from understanding the nature of political developments in the region, especially with the intensification of the Iranian-American conflict and the anticipation of a decisive outcome in the coming period."
Abbas stressed that "the United States views these moves negatively and does not hesitate to use pressure tools, including imposing sanctions, which may be imminent if this approach continues." He pointed out that "the way the US State Department announced the recent contact with the Iraqi foreign minister—through the official spokeswoman, not the minister himself—carries clear messages that dialogue is lacking and that Washington is dissatisfied with Iraq's performance."
He concluded by saying, "The current government's performance is characterized by a lack of awareness of the nature of the regional and international situation, and is leading the country toward unforeseen confrontations."
Despite the billions piling up in America, why isn't Iraq using its money to save its economy? - Urgent
Despite Iraq's massive financial reserves, estimated at tens of billions of dollars, the question remains: Why aren't these funds being effectively invested domestically? At a time when the country is suffering from mounting economic crises, fragile infrastructure, and declining productive sectors, the government continues to invest a large portion of these reserves in US Treasury bonds, financial instruments known for their low yields and long payback periods.
While these bonds are internationally classified as safe instruments for preserving value, experts believe that Iraq's approach to investing its foreign assets has become traditionally rigid, inconsistent with development requirements and inconsistent with the priorities of an economy in urgent need of domestic revitalization. What increases the sensitivity of this issue is that a significant portion of Iraq's funds are actually deposited in American banks, weakening the country's ability to freely decide how to manage these vital resources.
In this context, financial expert Abbas Al-Shatri offers a comprehensive critical vision, calling for a complete rethinking of Iraq's reserve investment policy and a shift from a "safe freeze" approach to a "productive investment" approach to ensure economic security and achieve sustainable development.
Al-Shatri told Baghdad Today, "Iraq's continued investment of a significant portion of its financial reserves in US Treasury bonds is an economically unfeasible decision, given the low returns these bonds generate compared to other investment opportunities that could directly support the national economy."
He pointed out that "despite the classification of US Treasury bonds as safe and internationally recognized financial instruments, Iraq, with its current economic situation, urgently needs to direct its funds toward more dynamic investments, whether through domestic production projects or regional investment vehicles that generate higher returns, contribute to creating real job opportunities, and enhance infrastructure."
Al-Shatri explained that "excessive reliance on these bonds does not meet Iraq's development needs. Rather, it deprives the economy of opportunities to diversify sources of income and stimulate vital sectors such as industry, agriculture, and renewable energy, which are the foundation of any stable and sustainable economic structure."
Noting that "the current fiscal policy tends toward safe freezing rather than productive stimulation," Al-Shatri called for "a radical reconsideration of the investment policy of Iraq's financial reserves, moving away from the traditional approach of freezing in low-yielding instruments, and toward a more ambitious economic vision based on maximizing returns and achieving economic security."
It is well known that a large portion of Iraq's reserves are actually held in American banks or under the supervision of the international financial system linked to them. However, experts believe that Iraq does not actually benefit from these funds in a context that serves its internal economic needs. Rather, it is sometimes restricted by political and financial restrictions that make the investment of these funds governed by external considerations rather than an independent sovereign decision.
This reality raises serious questions about the independence of Iraqi investment decisions, at a time when there is a growing need for more flexible financial policies that can help protect the economy from global fluctuations and harness the country's vast financial resources for sustainable development within the country.
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Worth $100 billion: Iraq's "mysterious wealth" on three continents revealed
The British website " Amwaj " reported on Thursday that Iraq is facing major challenges and complications in recovering "lost properties" in Asian, African and European countries, estimated at a value of approximately $100 billion. It confirmed that these properties include palaces and villas located in France, Italy, Spain and Britain, "tea, rubber and tobacco" plantations in Malaysia, Sri Lanka and Vietnam, an oil refinery in Somalia, in addition to agricultural lands in Nigeria and Yemen .
The website indicated in a report translated by Shafaq News Agency that "the Iraqi parliament's Foreign Relations Committee launched an initiative in June to recover billions of dollars in state assets believed to be scattered across Africa, Asia, and Europe. This move came just weeks after Somali President Hassan Sheikh Mohamud informed his Iraqi hosts during the recent Arab Summit that an oil refinery built by the Iraqis outside Mogadishu in 1974 was still intact, but had long been neglected ."
According to the report, "The news of the neglected oil facility prompted Iraq to deeply reevaluate its efforts to access the country's long-neglected foreign assets. During the global oil boom, and after Baghdad nationalized its oil industry in 1972, Iraq made a wide range of acquisitions and investments, including luxury real estate in Europe, farms in Asia, refineries in Africa, and other projects aimed at expanding Iraq's economic influence, diversifying its resources, and strengthening diplomatic relations under the rule of former President Saddam Hussein ."
The report continued, "After the imposition of international sanctions in the 1990s, many of these assets were suddenly frozen, and the situation became more opaque after a large portion of these assets disappeared from Iraqi records following the 2003 invasion. Stolen archives, destroyed documents, and fraudulent transfers to private entities created a legal ambiguity surrounding these assets ."
He pointed out that "efforts to recover these properties and assets began in the mid-2000s, with more than $2.5 billion in frozen funds likely recovered, but physical assets have been largely ignored." He explained that "there is speculation that many properties have been sold illegally, while others appear to have been neglected or fallen under the control of other individuals or entities, sometimes even armed groups ."
The report noted that "in many cases, the Iraqi state is no longer aware of these assets, leading to what lawmakers and local media have dubbed 'forgotten wealth.'" In 2021, the Parliamentary Integrity Committee estimated that up to $240 billion in public funds, including foreign assets, had been smuggled abroad or even embezzled .
He noted that "Iraqi lawmakers now estimate that at least 50 major assets abroad remain unaccounted for, believed to be worth between $80 and $90 billion, although some estimates put the value at as high as $100 billion." He added that "the news of the Iraqi oil refinery near Mogadishu has raised concerns among Iraqi lawmakers about the need to do more to address the state's neglected assets abroad. The House of Representatives has also called on the Ministry of Foreign Affairs to take urgent steps to identify and recover foreign assets and investments ."
The report added, "While a special parliamentary investigation committee was formed to follow up on the issue and coordinate with relevant ministries, the Iraqi government launched a global search campaign and tasked a group of government agencies with verifying ownership, addressing legal obstacles, and facilitating its recovery. Meanwhile, the authorities launched a project to map historical assets to rebuild Iraq's foreign portfolio, drawing on embassy records and the expertise of retired diplomats. The ultimate goal of these steps is to prepare a comprehensive master list of state assets and direct diplomatic and legal efforts to recover them ."
He pointed to "major obstacles, including property disputes, as legal ownership documents may become ambiguous over time, or the occurrence of illegal sales, which will force Iraqi authorities to provide conclusive evidence for their cases before foreign courts," adding that "the situation has become more complicated with the loss or theft of original documents after the collapse of the regime in 2003. "
The report stated that "nullifying some unauthorized transactions may require lengthy legal battles. Iraq does not guarantee diplomatic cooperation from host countries, as some governments are believed to have shown reluctance or slowness in providing assistance. There are also complications related to the fact that some armed groups or informal settlers have occupied properties in the area," calling on Iraqi authorities to "press hard to regain control of foreign assets ."
“With federal government revenues estimated at 147.8 trillion Iraqi dinars ($123.2 billion) in 2024, more than 90% of which are oil revenues, recovering 10% of this lost wealth abroad could help bolster Iraq’s public budgets,” she explained. “This issue will test the seriousness of ongoing efforts in the coming months. If successful, Iraq will have succeeded in diversifying the economy and strengthening public confidence in governance. It will also signal a broader shift in how Iraq confronts its long and ongoing legacy of corruption and mismanagement .
Al-Ziyadi: The government is either unable or deliberately obstructing the submission of the 2025 budget schedules.
MP Mohammed Al-Ziyadi accused the government on Thursday of being unable or deliberately delaying the sending of the 2025 budget tables to the House of Representatives, which led to a paralysis in the provision of services to citizens.
Al-Ziyadi said in a statement to Al-Maalouma Agency, "The government is either unable or is creating obstruction by not sending the approved budget tables to the House of Representatives," adding that "all local governments today are unable to provide services to their people due to the absence of a budget and the failure to approve its tables.
" He called on "the Prime Minister to assume responsibility and send the budget tables to Parliament as soon as possible, stressing that "the ball is now in the Prime Minister's court, and his government must act quickly so that citizens can see the services they deserve."
It is noteworthy that the House of Representatives had previously hosted the Minister of Finance to discuss the budget tables and the reasons for the delay in sending them.
Parliamentary Finance: Current revenues are sufficient to cover the salaries of central and regional employees and retirees.
Parliamentary Committee Chairman MP Atwan Al-Atwani stated, "There is still no real ceiling for the budget deficit. This is because expenditures and revenues have yet to be studied to determine the overall budget deficit ceiling."
Al-Atwani explained in a statement (published by Al-Masry today, Thursday 7/24/2025), that “the Ministry of Finance, along with other ministries, is currently working on solutions after adding stalled projects and projects to relieve bottlenecks, to indicate the new obligations included in the 2025 budget.”
He explained that "Iraqi oil sales on the global market are currently sufficient to cover the salaries of employees and retirees, but the irregular flow of cash may cause delays in paying those salaries," noting that "current revenues are sufficient to cover the salaries of all employees and retirees in the central government and the Kurdistan Region."
The head of the Parliamentary Finance Committee reiterated that "employee rights are fully protected and secured, and that once the budget schedules are approved, bonuses and promotions will be issued and will take effect from the date of issuance of the relevant orders."
The Parliamentary Finance Committee settled the controversy surrounding the budget deficit ceiling reaching approximately 83 trillion dinars, while reassuring employees and Parliamentary Committee Chairman MP Atwan Al-Atwani stated, "There is still no real ceiling for the budget deficit. This is because expenditures and revenues have yet to be studied to determine the overall budget deficit ceiling."
Al-Atwani explained in a statement (published by Al-Masry today, Thursday 7/24/2025), that “the Ministry of Finance, along with other ministries, is currently working on solutions after adding stalled projects and projects to relieve bottlenecks, to indicate the new
obligations included in the 2025 budget.
Baghdad and Washington at a crossroads over sovereignty: The Popular Mobilization Forces (PMF) file exposes the nerves of the tense relationship.
Amid the turmoil of regional politics and the intersection of international interests, a new diplomatic dispute has erupted between Baghdad and Washington over the fate of the Popular Mobilization Forces (PMF), the armed group born from a religious fatwa to confront ISIS. Over time, it has become a security and political player in the Iraqi equation that is difficult to ignore.
The differences became public following a phone call between Iraqi Prime Minister Mohammed Shia al-Sudani and US Secretary of State Marco Rubio, who clearly expressed Washington's concern about the efforts to enact the Popular Mobilization Forces (PMF) law, warning that such a move would consolidate Iranian influence and reinforce the role of armed groups at the expense of the state.
Rubio's statements, published on the X platform, can be read within the context of American concerns about the rise of Iranian influence in Iraq, particularly after the Popular Mobilization Forces (PMF) succeeded in establishing a presence within state institutions.
Despite this, Baghdad has been keen to present a different narrative that maintains a balance between internal and external influence, emphasizing that the draft law falls within the framework of "reforming the security establishment" and aims to regulate the status of the Popular Mobilization Forces (PMF) under the official state umbrella, with powers granted by the Commander-in-Chief of the Armed Forces—that is, the Prime Minister himself.
This disagreement demonstrates the complexity of the relationship between the two sides, as the American reading of the Iraqi situation differs from Baghdad's vision, which attempts to reconcile internal pressures from influential Shiite forces, delicate regional balances, and the requirements of the strategic relationship with Washington.
These developments intersect with calls by the Kurdistan Regional Government to halt attacks on oil infrastructure, a hint that may imply a veiled accusation that factions linked to the Popular Mobilization Forces (PMF) are behind the destabilization of energy security in the north. This deepens the trust gap among Iraqi factions and increases the fragility of national security.
Oil and Gas Parliamentary Committee: No vote on the oil and gas law during the current parliamentary session
Member of the Parliamentary Oil and Gas Committee, Ali Al-Mashkoor, confirmed today, Thursday, that the passage of the Oil and Gas Law is still facing fundamental differences between the political parties, noting that there are points of contention that cannot be overcome at the present time.
Al-Mashkoor explained in a statement to Al-Maalouma Agency, that “some believe that the dispute over this law is being used as a pressure card to pass other laws, but the reality indicates the existence of real differences regarding the provisions of the law and the mechanisms for its implementation.”
He pointed out that “the differences still exist, and there are no indications of the possibility of passing the Oil and Gas Law during the current parliamentary session,” stressing that “the lack of political consensus prevents its inclusion on the voting agenda.”
Announced projects with no tangible economic impact: Diagnosing the Iraqi investment environment
While the Iraqi government has announced massive investment figures exceeding $100 billion in recent years, debate is escalating among experts about the realism of these figures and their actual impact on the ground. There are warnings of a growing gap between official statements and actual implementation, especially in an investment environment that continues to suffer from chronic imbalances.
Economic affairs expert Nasser Al-Tamimi stressed in an interview with Baghdad Today that activating foreign investment is no longer an option, but rather an urgent national necessity to address the country's mounting economic challenges, most notably unemployment, slowing growth, and declining domestic production.
Al-Tamimi said, "Attracting foreign direct investment can contribute to creating real job opportunities, transferring technology, and enhancing the efficiency of productive sectors," noting that this requires "profound legislative and administrative reforms, providing a safe environment, appropriate infrastructure, and facilitating procedures for investors."
However, he pointed out that practical steps on the ground remain below the required level, calling for a reduction in bureaucracy and the provision of real incentives, away from promotional rhetoric that fails to materialize.
A gap between rhetoric and reality
. Despite the optimism conveyed by official statements, the investment landscape reveals a clear gap between announced projects and their actual implementation. Dozens of agreements and memoranda of understanding are still in the planning or media promotion phase, without financial or operational implementation, weakening their true economic impact.
According to a recent analysis by economic expert Ziad Al-Hashemi, the announced investment figures are estimated to be distributed as follows:
Oil and gas (current projects): Between 35% and 45%, including field development and gas flaring cessation.
Infrastructure and housing (future projects): Between 30% and 40%, including mega-projects such as housing, railways, and airports.
Manufacturing, energy, and services (future projects): The remaining percentage is distributed across sectors that have yet to see actual implementation.
Al-Hashemi points out that "the real opportunity lies not in the numbers, but in the management," explaining that most of these projects have not yet been completed or entered the disbursement and implementation phases, which explains their lack of impact on the fiscal balance or the labor market.
Monetary indicators confirm the gap
, and this estimate is reinforced by what economist Manar Al-Abidi revealed, warning of a continuing deficit in net foreign investment, despite numerous government statements.
According to data from the Central Bank of Iraq, 2024 saw a deficit of $8 billion in net foreign investment, resulting from the outflow of $7.6 billion in foreign investment from Iraq, in addition to $400 million in Iraqi investments abroad.
In the first quarter of 2025, the negative trend continued, with net foreign investment outflows of more than $1.1 billion, reflecting the continued erosion of confidence in the Iraqi investment environment, despite the government's announcement of attracting $63 billion in investments over the past two years.
Al-Abidi explained that these projects "were not actually reflected in the balance of payments data, which suggests they are still outside the financial implementation phase or in inactive planning stages."
Investment needs governance, not propaganda
. By examining expert opinions and official data, it becomes clear that the investment crisis in Iraq does not lie in a lack of projects or funding, but rather in weak management, a lack of governance, and fragmented economic decision-making. While the government touts huge figures in conferences and reports, citizens await their impact on the ground, whether in the form of job opportunities, improved services, or established infrastructure.
The opportunity still exists, but time is running out. What is required, according to experts, is an urgent transition from political promotion to practical implementation, within a transparent, clear framework subject to oversight and accountability.
Iraq's Ambassador to the UAE: The government's engagement in international partnerships strengthens its presence in the energy future.
Iraqi Ambassador to the United Arab Emirates, Muzaffar Al-Jubouri, affirmed today, Thursday, that Iraq's engagement in international partnerships strengthens its presence in the energy future, noting that the Energy Readiness Report highlights the promising opportunities that Iraq possesses and its position in the regional and international arena, and represents a turning point towards a sustainable energy future .
Al-Jubouri said during the conference to deliver the comprehensive report on the "Energy Transition Assessment in Iraq," which was attended by the correspondent of the Iraqi News Agency (INA): "The launch of the Iraq Energy Readiness Report represents the fruit of national efforts and close cooperation with the International Renewable Energy Agency (IRENA), to which we express our deep appreciation, both government and experts, for the technical, technical and cognitive support they provided throughout the preparation of this important report, as the energy sector is a fundamental pillar of economic and social development, a key axis for industrial and agricultural growth, and the provision of basic services to citizens ."
He added, "The Energy Readiness Report highlights strengths and challenges and provides realistic recommendations for improving performance and developing the energy sector in Iraq. In this context, integrating renewable energy into the national system is a strategic option to address significant waste, enhance production efficiency, and reduce emissions. Renewable energy technologies emerge as a practical and economic alternative that provides reliable solutions to secure supplies and enhance energy security. It embodies close cooperation with the International Renewable Energy Agency (IRENA)," stressing "Iraq's commitment to moving forward on this path in accordance with a development vision that takes into account national interests and enhances its positive engagement in regional and international partnerships ."
He continued: "Iraq's efforts to launch this report began in 2018, and since joining the Iraqi ambassador to the United Arab Emirates in 2021, one of our primary goals has been to closely follow up with relevant authorities to complete it in a way that reflects Iraq's energy landscape and paves the way for a clear strategic vision for energy transformation."
He pointed out that "the Energy Readiness Report represents a milestone in Iraq's path toward a sustainable energy future, as it highlights the extent of the structural challenges facing the national energy system, such as the large gap between production and demand, high technical losses exceeding 50 percent, and the declining contribution of renewable energy, which still represents 2 percent of the primary energy mix ."
Al-Jubouri explained that "the report highlighted the promising opportunities that Iraq possesses, including the abundance of natural resources and the interest of international partners. Iraq has already begun taking strategic steps, represented by the signing of important investment contracts with international and national companies, including Total Energy, Power China, and Acwa Power, in addition to construction and development projects with the Emirati company Masdar, which represent an important addition to the national energy mix."
He explained that "the most prominent feature of this report is its ability to chart a practical path towards a balanced energy future based on sustainability, economic sovereignty, and diversity, linking Iraq's development goals with global transformation paths, thus consolidating its pivotal position in the regional energy landscape and strengthening its presence in maintaining a sustainable energy future at the regional level." He pointed out that "Iraq's engagement in international partnerships strengthens its presence in the energy future ."
He pointed out that "we view this report as a real starting point for a new phase of institutional work in the energy sector, enhancing Iraq's ability to invest its resources and achieve its national aspirations for sustainable development as a first step toward building a future that meets the aspirations of our people and enhances Iraq's position on the national, regional, and international scene ."
Yesterday, Prime Minister Mohammed Shia al-Sudani received the Director-General of the International Renewable Energy Agency, Mr. Francesco La Camera .
During the meeting, according to the statement, the assessment report on the energy transition in Iraq, prepared by the agency in cooperation with Iraqi sectoral bodies, was reviewed. The report serves as a source for identifying national priorities in the field of renewable energy and energy efficiency, and will be launched soon .
Defense: Iraq will look different after 100 days
Political advisor Ahmed Talib Al-Difai said on Thursday that Iraq will emerge differently after the parliamentary elections, which are only 100 days away.
Al-Difai said in a statement received by Al-Maalouma Agency, “These elections will produce a new political mentality in Iraq, completely different from the previous ones, in terms of political engagement, which will move from the box of competition for power to the space of construction, development, and the exploitation and maximization of the country’s financial resources.”
He explained that "developments in the regional arena will have clear repercussions on the next parliament, which will be the culmination of the efforts made by previous sessions and the governments that emerged from them, by dealing with them with more realism and rationality, sparing Iraq from all the conflicts taking place in the region."
He pointed out that "after 100 days, the Iraqi citizen will have the upper hand in determining Iraq's fate, and he will be worthy of this task after proving his awareness and concern for his country, which will be at the top of the pyramid of development in the region if its capabilities and resources are exploited."
He stressed that "the next political generation that will be born after 100 days will be the foundation for a new phase from which all youthful energies will launch, carrying new ideas and projects that will place Iraq among the countries of the region."
He stressed the necessity that "the Iraqi citizen, on whose keenness we rely, chooses his correct future by going out after 100 days to choose his representatives and preserves the gains of the political system, the most important pillar of which is the peaceful transfer of power in an atmosphere of expressing opinions."
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