2025 ends... Parliament calls on Sudan to prepare a 2026 budget
The Parliamentary Finance Committee confirmed on Friday that the government's delay in submitting the 2025 budget schedules to Parliament for approval constitutes a legal violation. While anticipating that the schedules will not be submitted soon, the committee called on the government to begin preparing a draft 2026 budget law.
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Committee member Moeen Al-Kadhimi told Shafaq News Agency, "The government's delay in submitting the 2025 budget schedules is a legal violation, as funding and disbursements since the beginning of the year and continuing until now are problematic, given that the Triennial Budget Law No. 13 of 2023 obligated the government to submit budget schedules that are approved annually, as happened in 2024."
Therefore, as Al-Kadhimi adds, "The government should have submitted the 2025 budget schedules before the end of 2024, but it was delayed. Recently, the Prime Minister's Office issued a directive to the Ministry of Finance to postpone the 2025 budget schedules and prepare for the 2026 budget."
A member of the Finance Committee ruled out approving the budget schedules anytime soon, "given that the government has only five months left in its term, and that it continues to fund employee and pensioner salaries, social welfare, and operating and investment expenses based on the state treasury's available funds."
Regarding the 2026 budget, Al-Kadhimi said, "If the government is serious about preparing it, it should begin doing so now, based on oil price estimates and market conditions, and then submit the draft to the next government."
2025 budgets are in jeopardy. Parliamentarians demand that the government begin preparing the 2026 budget.
The Parliamentary Finance Committee appears to have reached a firm conclusion that the government will not submit the 2025 budget schedules for a vote.
Committee member Moeen Al-Kadhimi said in an interview followed by ( IQ ), "A directive was issued from the Prime Minister's Office to the Ministry of Finance to be patient regarding the 2025 budget schedules, and to prepare for the 2026 budget."
Al-Kadhimi ruled out approving the 2025 budget schedules, saying, "The government only has five months left in its term, and it must begin preparing the 2026 budget."
He pointed out that "the funding of employee and retiree salaries, social care, and operating and investment expenses will continue, according to the state treasury's resources."
Issue No. (4833) of the Iraqi Gazette was published on 7/28/2025
Based on Supreme Administrative Court Decision No. 239 Administrative Judiciary - Cassation / 2024
dated 11/6/2024, and based on the provisions of the Anti-Money Laundering and Terrorist Financing Law
(No. 39 of 2015), and the Terrorist Assets Freezing System (No. 6 of 2023), and in accordance with the powers granted to the Committee. The Terrorist Funds Freezing Committee decided in its fourth regular session held on 6/30/2025 the following: First: Lifting the freeze on the movable and immovable funds and economic resources of the person called (Aouf Abdel Rahman Manshed), mother’s name: Marib Hassan, whose name is included in the decision of the Terrorist Funds Freezing Committee (20 of 2018) under sequence (2), and on his company ( Saturn for mediation
in the sale and purchase of foreign currency transactions (listed in the decision to freeze the assets of terrorists)
(No. 7 of 2017) within sequence (24). Second: The decision was issued by consensus on June 30, 2025.
Third: This decision shall be effective from the date of its issuance and shall be published in the Official Gazette and on the website of the Anti-Money Laundering and Terrorist Financing Office.
Chairman of the Terrorist Funds Freezing Committee
July 15, 2025
Based on what was presented by the Anti-Money Laundering and Terrorist Financing Office pursuant to their letter (confidential) No. (/1/7B D/S1651/) dated 24/3/2024 to the Kazakh authorities, and based on the provisions of the Anti-Money Laundering Law Terrorism Funding and Terrorism Financing
(Law No. 39 of 2015), and the provisions of Law No. 10/3 of 2023 on the Freezing of Terrorist Funds
(Law No. 6 of 2023), and in accordance with the powers delegated to the Committee. The Terrorist Assets Freezing Committee decided, in its fourth regular session held on June 30, 2025, the following:
First: Freezing movable and immovable assets and economic revenues The following persons are mentioned in the attached list of 29 Kazakh persons, starting in the order (1) Adelbek Talgato Feicht and ending with In sequence
(29. Serik Sandibaevich).
Second: The decision was issued by consensus on June 30, 2025.
Third: This decision shall be effective from the date of its issuance and shall be published in the Official Gazette and on the website of the Anti-Money Laundering and Terrorist Financing Office.
Chairman of the Terrorist Funds Freezing Committee
Reference is made to the provisions of paragraph (5) of Article (45) of the Central Bank of Iraq Law No. 66 of
Review of the financial statements of the Central Bank of Iraq for the year
Financial Center Board
As on 31 / December
Million Iraqi Dinars
Million Iraqi Dinars
Gold Precautions
12,295,4
Criticism is sent to the Central Bank
23,380,0
Deliver to exchangers and other financial institutions
Financial expenditures at the expense of the mufflers
70,079,2
Permissible loan for commercial and government spenders
12,312,6
12,705,1
Entitlements from the Ministry of Finance
Pure intangible goods
Other contents
Collection of contents
Requests and property rights
189,094,3
101,481,0
100,543,2
Source Criticism for Negotiation
Source treasury documents
Farewell to local investors and other financial institutions
Received by governments and foreign investors
Sourced by the International Monetary Fund
Arsda is a government institution
Other requests
Set of Requests
Property rights
The treasurer
General Precautions
Emergency precautions
Precautionary re-assessment of gold
Precautions to re-present the third collections
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Industry: The first locally manufactured portable thermal imaging system has been completed and security authorities have been notified.
Ministry spokeswoman Duha al-Jubouri said in a press statement that "the ministry has completed the first portable thermal camera system, manufactured locally at the Al-Kindi factory affiliated with the General Company for Communications and Capacity in Nineveh Governorate.
" She added that "the new system is used for field surveillance and covers an area of up to 360 degrees, with a range of 6 to 30 kilometers, depending on the required specifications. It operates on solar energy and batteries to provide the necessary energy for long periods."
She confirmed that "the ministry has approached security and military agencies, such as the Ministries of Defense and Interior, to benefit from this national system," noting that "it will work to develop it later."
Joint Operations Command of the "Mountains": A committee from Baghdad will arrive in Erbil tomorrow to complete the investigation into the drone attack.
The Kurdistan Regional Government announced that a special committee from Baghdad will arrive in Erbil next Saturday to complete the investigation into the recent drone attack.
Major General Abdul Khaliq Talat, the Kurdistan Regional Government's representative in the Iraqi Joint Operations Command, told Al-Jabal that "a special committee from Baghdad will arrive in Erbil next Saturday."
According to Talat, "The committee's mission, which includes representatives from the intelligence service, national security, and forensics, is to investigate the source of the drones that recently targeted the region."
The committee will "inspect the drone parts and remain in Kurdistan until the evidence is recorded and a detailed report is submitted on the investigation results."
China Petroleum Engineering wins bid for massive offshore pipeline project in Iraq
China Petroleum Engineering Corporation (CPEC), a subsidiary of the China National Petroleum Corporation (CNPC), announced it has won a bid for a major offshore pipeline project in Iraq. The project is expected to be worth approximately $2.5 billion.
This project represents an important step towards strengthening Iraq's oil export infrastructure, particularly its offshore component, which will contribute to increasing the country's capacity to pump and export crude oil.
According to economic websites, a Chinese company's winning of this massive bid confirms the growing role of Chinese companies in the global oil and energy sector, particularly in the Middle East and Iraq.
This major investment reflects China's commitment to securing and diversifying its energy sources, as Iraq is one of the world's largest oil producers and a major supplier to China.
The project is expected to contribute to the creation of significant job opportunities, both directly and indirectly, during the construction and operation phases.
This pipeline could also contribute to increasing Iraq's oil export revenues, which is vital for the country's economy, which is heavily dependent on oil revenues.
This project is another example of the growing economic cooperation between Iraq and China, which includes many sectors, particularly energy and infrastructure.
The Minister of Electricity arrives in Tehran to discuss gas supplies and ensure the delivery of the agreed-upon quantities.
Electricity Minister Ziad Ali Fadel arrived in the Iranian capital, Tehran, on Friday to discuss securing the gas quantities agreed upon between the two countries .
The media office of the Minister of Electricity stated in a statement received by "Mil" that "Electricity Minister Ziad Ali Fadel and his accompanying delegation arrived in the Iranian capital, Tehran, on an official visit during which they will discuss with Iranian officials the issue of gas supplies to Iraq and ways to ensure the Iranian side's commitment to supplying the quantities agreed upon between the two countries ."
The office stated that “Iraq and Iran had concluded a contract stipulating the supply of about (55) million cubic meters of Iranian gas per day to operate gas-fired power plants in Iraq, but these quantities have witnessed a decline since last May, which caused a number of stations to stop and a decrease in supply hours,” noting that “the minister’s visit comes at a time when Iraq is witnessing a severe heat wave, one of the harshest this summer, coinciding with the approach of the Arbaeen million-pilgrimage, which requires strengthening the stability of the electrical system and securing its fuel needs to ensure the continuity of service for citizens and visitors alike .”
In the picture: The first export tanker docks at the side loading site in Iraqi territorial waters.
The General Company for Iraqi Ports announced today, Friday, August 1, 2025, the docking of the first oil product export tanker at the side loading site, under the direct supervision of its specialized national cadres.
The company's general manager, Dr. Eng. Farhan Al-Fartousi, explained, according to a statement from the Ministry of Transport, that the tanker (V PROGRESS) was successfully docked at the side loading site in Iraqi territorial waters, designated for the export of petroleum derivatives and crude oil. He pointed out that this tanker is the first to have its docking and loading operations managed directly by the General Company for Iraqi Ports at this site.
Al-Fartousi explained that, in accordance with the directives of the Minister of Transport, Razzaq Muhaibis Al-Saadawi, the Side Loading (STS) process was successfully completed, with the tanker being loaded with crude oil as part of the export operations, before the tanker left Iraqi territorial waters carrying the internationally accredited (STS Clearance) certificate stamped with the company's logo.
He emphasized that this achievement reflects the high level of competence and national expertise of the General Company for Iraqi Ports' employees, praising the dedication of the technical and administrative teams in carrying out their duties, reflecting the company's reputation.
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Iraqi Dinar Rises, Markets Freeze — Here’s Why
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