Financial expert identifies tools to "save Baghdad" from the liquidity crisis - Urgent
Iraq's public finances are under increasing pressure due to declining oil revenues and the continued near-total reliance on crude oil as the primary source of budget funding. This has impacted liquidity levels and the government's ability to meet its growing obligations. Amid these challenges, economic calls are mounting for a review of the public revenue structure, expanding the tax base from non-oil sectors, reforming financial collection systems, combating corruption, and reducing waste in government spending. These measures aim to enhance financial stability and mitigate the severity of recurring crises. Financial expert Saleh Rashid outlined several tools Baghdad could adopt to successfully manage the liquidity crisis, given the alarming decline in the country's treasury revenues for the third consecutive month.
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Rashid told Baghdad Today that “Baghdad is facing a major, sensitive and complex financial crisis, especially after losing an important part of its crude oil export revenues as a result of the disturbances in the Strait of Hormuz, which has made Iraq one of the most affected countries in the region, as it depends on oil for more than 90% of its resources.”
He explained that "the government has limited options for addressing the financial gap, foremost among them developing non-oil revenues, which has multiple dimensions, most notably the issue of collecting money from services provided to citizens, as this issue is witnessing high levels of corruption that require a comprehensive review."
He added that "the introduction of modern technologies in collecting money, especially in the electricity and water sectors, has become an urgent necessity, provided that the collection is fair and equitable, takes into account the conditions of the poor and the simple, and contributes to reducing losses, as well as developing the collection of the rest of the other services."
Rashid pointed out that “warnings against relying on oil as a primary resource for Iraq’s treasury were issued more than 30 years ago, while many oil-producing countries, especially in the Arabian Gulf, realized the danger of this approach and began to change it, but successive governments in Baghdad did not give this issue sufficient attention.”
He added that "the picture today is clearer than ever before, which necessitates changing the economic view of oil and moving to a diversified economy in which oil is a part but not the whole," stressing "the importance of controlling the pace of spending in state institutions and strengthening efforts to combat corruption."
He concluded by saying: "A large part of Iraq's wealth is being drained due to corruption, and addressing this issue is a fundamental step for any real financial or economic reform."
The Iraqi economy is heavily dependent on crude oil export revenues, which constitute more than 90% of the country's resources, making it highly vulnerable to fluctuations in oil prices and geopolitical conditions in the region.
In recent years, warnings about the dangers of this unilateral reliance have increased, especially with the recurrence of financial crises and delays in paying salaries and government obligations at certain times.
Banking scandal: Arab Bank obtains local license with nearly 90% foreign ownership
The Central Bank of Iraq ’s granting of a license to establish the Arab Bank of Iraq as a local bank raises serious legal and regulatory questions, after the declared ownership data showed that foreign entities own approximately 90% of its capital, compared to a limited share not exceeding 10% for local and international investors.
According to available data on the ownership structure, Arab Bank holds the largest stake at 60%, while Saudi Arabia's Arab National Bank owns 20%, and the Saudi Al-Muhaidib Group , through a subsidiary, owns 10%. The remaining 10% is distributed among local and international investors, with insufficient clarity regarding the identity or nationalities of these investors, or the actual size of the Iraqi stake among them.
The issue is not about foreign investors entering the Iraqi banking sector, as that is legitimate if done in accordance with the law and regulatory controls. The fundamental problem lies in granting a local banking license to an entity almost entirely controlled by foreign ownership, which raises a direct question about the legal basis upon which the Central Bank granted this license.
In the context of banking licensing, the legal designation alone is insufficient to deem a bank local. The key factors are capital ownership, control, and the ability to influence administrative and strategic decisions. When a single foreign entity, namely Arab Bank, owns 60% of the capital, it effectively controls the bank. Adding the 20% stake held by Saudi Arabia's Arab National Bank and the 10% stake held by the Al-Muhaidib Group brings foreign ownership to approximately 90%.
Here the question arises for the Central Bank: Are we dealing with a truly local Iraqi bank, or with a foreign-controlled bank that has acquired a local status by administrative decision?
The danger of the file lies in the fact that the Central Bank is not a formal registration body, but rather the supervisory authority responsible for examining incorporation applications, verifying ownership percentages, sources of funds, eligible holdings, true beneficiaries, and the extent to which the bank’s structure complies with the Banking Law and applicable instructions.
Accordingly, granting a license with this structure cannot be treated as a normal administrative procedure, but rather as a decision that requires a clear legal interpretation, especially if the law distinguishes between local and foreign banks, or places restrictions on the size of foreign ownership in locally licensed banks.
Al-Mustaqilla poses direct questions to the Central Bank of Iraq: What legal text allowed the granting of a license to a local bank for an entity in which foreign entities own about 90% of its capital? Did the legal department at the Central Bank prepare a written opinion authorizing this structure? Was the impact of the Arab Bank’s 60% stake on effective control examined? Who are the investors within the remaining 10% stake? Is it a purely Iraqi stake or a mixed one as the general wording suggests?
This issue doesn't just affect one bank; it impacts public confidence in Iraq's banking licensing system. The banking sector is linked to citizens' deposits, the flow of funds, international compliance, anti-money laundering efforts, and the stability of the monetary market. Any leniency in granting licenses opens the door to suspicions of circumventing the law and altering the nature of the license without announcement or accountability.
In conclusion, the Arab Bank of Iraq case puts the Central Bank to a real transparency test: either it discloses the legal text that authorized this license, or it faces a serious accusation that it granted the status of a “local bank” to a foreign-controlled entity, in violation of the philosophy of banking supervision and the protection of the state’s financial sovereignty.
US Treasury Secretary: Our Gulf allies are not being transparent with us about Iranian funds.
US Treasury Secretary Scott Bisent acknowledged that many of the United States' partners in the Middle East (Gulf states) are not being fully transparent regarding sanctions against Iran. "We have good partners in the Gulf region, but many of them have not been completely transparent with us," Bisent said during a Senate hearing. The Treasury chief explained that he was referring to operations within the banking systems of Middle Eastern countries.
Bisent added that the United States is working closely with its allies in the Gulf Cooperation Council (GCC), who are "much more willing now to cooperate in sharing information about the bank accounts of Iranian regime officials" than they were previously. These remarks come weeks after the Treasury Department announced its "economic wrath" campaign, aimed at disrupting Iranian financial networks. Meanwhile, Bisent expressed confidence that the United States has seized a significant amount of cryptocurrency assets as part of its economic pressure campaign against Tehran.
The Treasury Secretary revealed that Washington had seized nearly $1 billion in Iranian cryptocurrency. “We’ve seized about $1 billion of their cryptocurrency. We took direct control of the wallets,” he told Fox Business. His remarks came a day after the U.S. Treasury Department announced sanctions on four Iranian cryptocurrency exchanges, including the country’s largest, Nobitex, along with several of its executives. The department asserted that the move was part of an effort to prevent the Iranian regime from using digital assets to circumvent sanctions.
These measures are part of President Donald Trump’s “maximum pressure” campaign, which aims to deprive Iran of the oil and financial revenues it uses to fund its “destabilizing activities” in the region and its nuclear program. The Treasury Secretary had previously stated that the department would continue to “hunt down the money” as part of this “economic fury,” whether through the banking system or digital assets. On April 15, the Treasury Secretary announced that Washington was working with its Gulf allies to obtain bank account information linked to members of the Iranian government.
Added Post Production
Parliamentary request to hold an emergency session to complete the government cabinet and approve the budget
The Honorable Speaker of the Council of Representatives
Ref. No.: 315
Date: January 3, 2026
Greetings,
**Subject: Convening an Emergency Session**
Pursuant to the provisions of Article (61) and Article (73—Fourth) of the Constitution, and the Council of Representatives Law No. (13) of 2018; and in response to the public interest and the exigencies of the current juncture—and given the critical importance of fulfilling the requirements of the present phase, along with the direct implications this entails for the delivery of services to citizens and the enhancement of governmental performance:
We respectfully request that you take the necessary measures to convene an emergency session of the esteemed Council of Representatives. The objective of this session is to conclude the voting process for the ministerial cabinet and to resolve the issue of vacant ministries, thereby contributing to the reinforcement of institutional stability and enabling the government to discharge its duties in the most optimal manner.
Furthermore, we emphasize the critical importance of expediting the submission and deliberation of the schedules for the 2026 Federal General Budget. This is due to the profound impact such measures have on the implementation of service-oriented and developmental projects, the fulfillment of the needs of the governorates, and the assurance of the continuity of reconstruction plans and the improvement of the quality of services provided to citizens.
These matters constitute a national priority that necessitates a concerted effort and the acceleration of procedures, serving the best interests of our beloved country and realizing the aspirations of our noble people.
With our highest regards and appreciation,
no details yet just the image of the letter
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“Al-Fayez” devours the savings of Iraqis… Debts double and families lose their homes under the pressure of need
In the alleyways, markets, and residential neighborhoods of Baghdad, one of the most dangerous financial phenomena threatening the stability of thousands of Iraqi families is spreading: the phenomenon of “Fayez,” the colloquial term for loans with exorbitant interest rates. Citizens resort to these loans to escape financial hardship or to cover unexpected expenses, only to find themselves trapped in a cycle of debt from which escape seems impossible.
With continued economic pressures and rising living costs, “Fayez” has become a quick source of financing for many, requiring no complex banking procedures, guarantors, or lengthy transactions. However, this temporary solution often ends in significant financial losses, as the outstanding amounts multiply beyond the borrower's ability to repay.
Recently, discussions about this phenomenon have intensified on social media, with stories circulating of citizens forced to sell their possessions or mortgage their homes to settle debts accumulated due to high interest rates. Others have reported social and family conflicts arising from the inability to meet financial obligations.
Observers believe that the spread of “Al-Fayez” reflects a deeper crisis related to weak financial inclusion and the difficulty for a large segment of citizens to access official, affordable loans, which opens the door for unregulated lending networks to exploit people’s needs and make huge profits at the expense of their living conditions.
Legal activist Anwar al-Khafaji described the
phenomenon of "Fayez" as "no longer just individual financial transactions, but a serious social problem that threatens family stability and pushes many citizens toward losing their property and savings."
Speaking to Iraq Observer, al-Khafaji added, "Exploiting people's need for money and imposing exorbitant interest rates on them constitutes a form of financial extortion that traps victims in a vicious cycle of debt. We have witnessed cases that ended with the loss of homes, land, or small businesses due to the inability to repay."
She explained that "what is needed today is to strengthen legal and economic awareness, expand access to formal financing, and take stricter measures against illegal lending networks that profit from the difficult circumstances faced by some families."
Regarding the cost of living,
Abu Ahmed, a retired employee from Baghdad, said, “Many people don’t resort to loans for profit or adventure, but rather due to compelling circumstances such as medical treatment, marriage, or settling living expenses.”
He added to Iraq Observer, “The problem begins when the borrower discovers that the amount they received has multiplied several times over in a short period, leaving them unable to repay. They may even lose their home, car, or other possessions in exchange for a debt that was originally limited.”
Experts warn that the continued expansion of this phenomenon could lead to broader social and economic repercussions, especially with the increasing number of families facing crippling financial crises. They emphasize that addressing the problem is not limited to legal aspects alone, but requires genuine economic solutions that provide citizens with safe and fair alternatives, steering them away from the cycle of debt and exorbitant interest rates that have turned loans into a nightmare haunting many Iraqis.
Kurdistan Delegation in Baghdad to Discuss Oil Exports and Output Increase
Talks expected with Iraqi officials and SOMO aimed at raising Kurdistan Region oil exports to 500,000 barrels per day amid ongoing production constraints
A delegation from the Kurdistan Regional Government (KRG) arrived in Baghdad on Wednesday to hold a series of meetings with senior Iraqi officials focused on oil exports and mechanisms to increase production and shipments, according to Kurdistan24 correspondent in Baghdad, Dilan Barzan.
The delegation is scheduled to begin its first meeting at 12:00 noon on Wednesday with Iraq’s Prime Minister Ali Faleh al-Zaidi, marking the start of a broader round of talks with federal authorities.
A well-informed source told Kurdistan24 that the KRG delegation is on an official visit to Baghdad, with the main objective of increasing Kurdistan Region oil exports through the Turkish port of Ceyhan.
The delegation is expected to meet with Prime Minister al-Zaidi, Oil Minister Bassim Mohammed Khudair Al-Abadi, and representatives of the State Organization for Marketing of Oil (SOMO) to discuss export arrangements.
According to Kurdistan24 sources, the delegation includes Acting Minister of Natural Resources Kamal Muhammad, Head of the Council of Ministers Diwan Omed Sabah, and Cabinet Secretary Amanj Rahim.
A source within Iraq’s Oil Ministry told Kurdistan24 that crude exports from the Kurdistan Region have declined over recent months due to security conditions affecting oil fields, impacting both export volumes and overall regional revenues.
The talks in Baghdad are expected to focus on increasing oil exports to 500,000 barrels per day, alongside stabilizing production and ensuring secure transport routes.
Exports from the Kurdistan Region to the Turkish port of Ceyhan were suspended in 2023 following a ruling by an international arbitration court, before partially resuming at the end of 2025. However, recent months have seen another decline in output and exports due to renewed regional security tensions and concerns over the safety of oil infrastructure.
Officials from both sides are now seeking to stabilize export flows and address operational challenges that have affected production levels across key oil fields in the Kurdistan Region.
The Ministry of Finance includes "daily wages and contracts" in the 2026 budget (document)
An official document revealed on Wednesday that Finance Minister Faleh al-Sari approved the inclusion and regularization of daily wage and contract employees within the 2026 budget, and referred the file to the Budget Department to take the necessary measures.
According to an official letter issued by the Chairman of the Finance Committee, MP Aziz Sharif Al-Mayahi, and addressed to the Minister of Finance, he requests that daily wage employees in ministries and service departments in the governorates, who have served for more than four years, be included in the 2026 budget and placed on permanent staff.
The document included a note from the Minister of Finance addressed to the Budget Department stipulating that contract and daily wage employees be included in the upcoming budget, in accordance with the approved procedures.
ThinkMarkets launches ChelseaAI to provide CFD trading using AI assistants
Traders can now check trades, execute orders, and manage risk through a live chat with Claude or any other MCP-compatible AI assistant, without leaving their existing tools and platforms.
ThinkMarkets today announced the launch of ChelseaAI, a product that directly connects a real ThinkTrader account to an AI assistant. Traders can ask the AI to check trades, execute a trade, analyze current market conditions, or modify stop-loss orders—all instantly without requiring a separate login or switching between different applications.
ChelseaAI operates via the Model Context Protocol (MCP), an open standard that enables AI assistants to securely connect to external services. ChelseaAI supports any MCP-compatible AI assistant. ThinkMarkets recommends using Claude, developed by Anthropic, but traders can also connect via other popular platforms such as Grok and ChatGPT.
ChelseaAI is an AI-assisted trading interface and is not an expert or investment advisor. It only executes the trader's requests and does not provide any recommendations, signals, or investment advice of any kind. The world of trading is evolving beyond traditional user interfaces and charting libraries. The AI-powered trading revolution (Agentic Trading) will allow users to focus on the trading experience and the underlying product instead of navigating between different interfaces. Regarding
control and security
, clients choose their permission level before connecting. Read-only access allows the AI to view market data, trades, balances, and trading history, while full access adds the ability to execute, modify, and close orders. Any permission level can be changed or revoked instantly from within the ThinkTrader platform.
Regardless of the permission level granted, one rule remains constant: ChelseaAI has no access to funds. Deposits, withdrawals, and transfers are completely excluded from the integration process due to the system's security design. Every transaction is recorded in an integrated audit log that the AI cannot read or modify. Sessions also expire automatically after seven days or 24 hours of inactivity.
In this context,
Nauman Anis, co-founder and CEO of ThinkMarkets, said: “Our clients already use AI assistants as part of their daily trading routines. With ChelseaAI, their ThinkMarkets account becomes part of that conversation as well. We paid close attention to the permissions system and access limits, not because we had to, but because a product of this caliber cannot succeed unless users feel genuinely confident in it.”
ChelseaAI
will
be available to all ThinkTrader account holders starting June 2, 2026, through www.thinktrader.com, and can be used on both live and demo accounts. The service operates exclusively through ThinkTrader and includes 26 tools covering trading, market data, trade management, and account information. Setup takes less than two minutes, and full details and documentation are available at www.thinkmarkets.com
Al-Zaydi directs the resumption of work by oil companies in Kurdistan starting tomorrow.
rime Minister Ali Faleh al-Zaidi directed oil companies in the Kurdistan Region of Iraq to resume operations starting tomorrow, Wednesday.
A statement from al-Zaidi's office indicated that he "received a delegation from the Kurdistan Regional Government headed by Minister of Natural Resources Kamal Mohammed Saleh, accompanied by representatives of several international oil companies operating in the region, in the presence of the Minister of Foreign Affairs, the Minister of Oil, and the Chief of Staff of the Army."
The Prime Minister listened to "a detailed explanation of the working conditions of the oil companies in light of the recent events resulting from the war in the region, as well as a comprehensive vision for the companies to resume their operations as quickly as possible."
He directed that "all requirements be provided to ensure the smooth operation of the oil companies working in the region," noting that "the damage inflicted on Iraq as a result of the halt in oil exports through the Strait of Hormuz was significant, requiring redoubled efforts to compensate for this damage by addressing the problems hindering increased production."
The Prime Minister also directed that "oil companies in the Kurdistan Region of Iraq resume their operations starting tomorrow, emphasizing joint efforts and the provision of a suitable environment and essential requirements."
"Their leadership changed 3 times"
Trump on negotiations with Iran: They are going well and something may happen over the weekend.
US President Donald Trump announced on Wednesday (June 3, 2026) that negotiations with Iran are going very well, suggesting that a tangible development is likely during this weekend. Trump pointed out that the Iranian leadership has changed 3 times and that “anything can happen,” stressing his preference for reaching a written agreement, while noting that the ceasefire formula in Lebanon is completely different from the experiences of de-escalation in other parts of the world.
The US president stated in a press interview, which was followed by the 964 network , that “the negotiations are going very well,” indicating that “the ceasefire in Lebanon is different from the ceasefire in other parts of the world.”
He added that negotiations with Iran are going very well and something might happen over the weekend, noting that “anything can happen with Iran and the Iranian leadership has changed 3 times, and if it is possible to get a written agreement, we would prefer that.”
The memorandum of understanding, in its current form, includes an Iranian pledge not to seek to acquire a nuclear weapon, and a 60-day deadline for negotiating nuclear commitments and easing US sanctions. However, Trump believes it lacks more specific and binding Iranian concessions.
A senior US official said an agreement was inevitable, noting that it could take a week or less to reach, while Iranian state media reported that an agreement was close, claiming that Tehran would receive billions of its frozen funds, a claim denied by the White House.
In this context, a senior US administration official explained that the core of the dispute revolves around how the United States obtains Iranian enriched uranium and the timeline for that, saying: “It is about more details about how the United States obtains these materials and the timeline for that.”
The same official confirmed that reaching an agreement is likely, noting that the timeline remains contingent on Trump getting what he wants, saying: “There will be an agreement. We are prepared to wait until the president gets what he wants. It may take a week, it may be less or more. We hope to have something by the beginning of next week.”
Regarding the Iranian response, Axios reported that the American official was informed that Tehran would need about three days to respond to the new proposals, to which the official commented sarcastically, saying that the Iranians are “literally in caves and do not use email.”
In contrast, Iranian state media reported that an agreement was close but not yet finalized, claiming that Tehran would receive billions of dollars of its frozen funds due to US sanctions. However, the White House denied this and made no further comment, according to the website.
Trump Says He Would Like to Meet Iran’s Supreme Leader as Gulf Tensions Escalate
UAE calls for unified GCC response after attacks on Kuwait and Bahrain
U.S. President Donald Trump said he would like to meet Iran’s Supreme Leader, Ayatollah Mojtaba Khamenei, amid continued diplomatic efforts to ease tensions in the Gulf following a new wave of attacks involving Iran, Kuwait, and Bahrain.
In an interview published Wednesday by the New York Post's “Pod Force One,” Trump said a meeting with Khamenei could take place in the future.
“I would like to meet him, and we probably will meet at some point, depending on how it all works out,” Trump said.
The remarks came as regional tensions remained high following attacks on Kuwait and Bahrain that Gulf states and their allies have blamed on Iran.
On Wednesday, senior Emirati official Anwar Gargash called for a united response from Gulf Cooperation Council (GCC) members, warning that the latest attacks threaten the security of the entire region.
“In light of Iran's repeated aggression against the brotherly states of Kuwait and Bahrain, a firm, unified and cohesive Gulf stance is imperative,” Gargash said in a post on X.
“No Gulf state should be left to face these attacks alone, because the security of the Gulf Cooperation Council states is interconnected, their interests are shared, and their destiny is one and the same,” he added.
Gargash stressed that the attacks were not directed solely at individual countries.
“This aggression does not just target one country, it targets us all,” he said.
Meanwhile, Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for missile and drone strikes against U.S. military facilities in Kuwait and Bahrain, describing the attacks as retaliation for recent U.S. actions against Iranian assets.
“In response to this aggression, the Ali Al Salem Air Base in Kuwait, which hosts helicopters, as well as the headquarters of the U.S. Fifth Fleet in Bahrain, were targeted with missiles and drones by the Guards' forces,” the IRGC said in a statement published on its official Telegram channel.
The claims followed reports of an Iranian attack on Kuwait International Airport earlier on Wednesday.
Kuwaiti authorities said the strike forced the temporary closure of the airport and initially reported one fatality. An airport source later identified the deceased as an Indian national.
The Kuwaiti Health Ministry subsequently reported that at least 63 people were injured in the attack.
Health Ministry spokesperson Abdullah al-Sanad said 25 ambulances were dispatched to the airport and that victims were transferred to hospitals across the country.
“Sixty-three injured individuals were received and distributed among hospitals,” Sanad said, noting that several suffered serious wounds, including head injuries, cerebral hemorrhages, amputations, and injuries caused by explosions.
Despite the attack, Kuwait moved to restore air traffic later in the day.
The General Authority of Civil Aviation announced that flights operated by the country's national carrier, Kuwait Airways, would resume from Kuwait International Airport on Wednesday.
The latest developments underscore the fragile security situation in the Gulf, where ongoing tensions between Iran, the United States, Israel, and regional allies continue to raise concerns about broader instability, even as diplomatic contacts and ceasefire efforts remain underway.
Iraq restarts major oil fields to counter the repercussions of the Hormuz closure
A report by Wood Mackenzie, published Wednesday, stated that Iraq has restarted major oil fields, including West Qurna 1 and Majnoon, to mitigate the impact of the Strait of Hormuz closure.
According to Wood Mackenzie's High-Frequency Oil Production Monitoring report, translated by Al-Ghad Press, "Iraq's production has rebounded to 1.5 to 1.6 million barrels per day as operations gradually resume at key southern fields such as West Qurna 1, Majnoon, and Fawqi."
The report added that "Iraq's immediate focus has shifted to securing related gas supplies, refinery feedstocks, and liquefied petroleum gas (LPG) to prevent a catastrophic energy shortage during the summer, unlike Gulf producers who are prioritizing exports."
It continued, "This recovery follows significant disruptions to energy flows in the Gulf and a decline in exports through the Strait of Hormuz, a vital route for Iraqi oil supplies, due to the regional conflict between Iran, Israel, and the United States."
Armed Forces: We have begun disarming and restructuring the Popular Mobilization Forces fighters.
The spokesman for the Commander-in-Chief of the Armed Forces, Sabah al-Nu’man, confirmed on Wednesday (June 3, 2026) that the committee formed under the direction of the Commander-in-Chief of the Armed Forces has begun its work to restrict weapons to the state, indicating that disengagement from the Popular Mobilization Forces includes restructuring the formations and guaranteeing the rights of the affiliates.
Al-Nu’man said in a statement to the official agency, which was followed by 964 Network , that “this committee was formed by order of the Commander-in-Chief of the Armed Forces, by a purely Iraqi decision, in response to and in fulfillment of the call of the wise religious authority, and also what was included in the ministerial program, the government’s policy, and the approach of the Prime Minister, Commander-in-Chief of the Armed Forces, regarding the restriction of weapons and the unification of the security discourse.”
He explained that “the committee has been formed and has begun its work, and will put in place the mechanisms for integrating and joining the relevant formations, and handing over weapons, equipment and camps to the Iraqi security authorities.”
Al-Nu’man explained that “all weapons and all equipment will be handed over to the Central Committee and to the Iraqi security authorities, and within two days a complete inventory will be handed over to the Central Committee, which is under the direct supervision, guidance and follow-up of the Commander-in-Chief of the Armed Forces.”
He added that “the central committee includes multiple entities, including the Ministry of Defense, the Ministry of Interior, the Joint Operations Command, and the Popular Mobilization Forces, and will put in place the mechanism to complete this process in a standard manner and it will not take long,” indicating that “the work is being carried out according to administrative and legal mechanisms, as well as logistical and technical frameworks.”
Al-Nu’man explained that “the term disengagement includes administrative frameworks and restructuring of these formations within the security services, and guaranteeing the rights of the fighters and integrating them with the military formations.”
He also pointed out that “the Prime Minister, the Commander-in-Chief of the Armed Forces, has an economic vision for the requirements of this stage,” noting that “today Iraq is witnessing a stable security situation, and all terrorist threats have been eliminated.”
The Coordination Framework announced its support for the project to restrict weapons to the state and to sever the Popular Mobilization Forces from all political, partisan and social frameworks, in order to ensure continued cooperation between the Iraqi government and the international community and to complete the implementation of ending the mission of the international coalition in Iraq.
On Wednesday (May 27, 2026), the leader of the Shiite National Movement, Muqtada al-Sadr, announced the separation of the Peace Brigades from the movement and their integration into the state, in a move he described as aiming to end the partisan affiliations of armed formations and to strengthen the principle of restricting weapons to the state.
The Asaib Ahl al-Haq movement and the Imam Ali Brigades announced their participation in the initiative to restrict weapons to the state, and the formation of committees to proceed with this matter.
Meanwhile, the Sayyid al-Shuhada Brigades, led by Abu Ala al-Walai, confirmed that they would not surrender their weapons, noting that these weapons are a “trust and duty.”
The position of the Sayyid al-Shuhada Brigades was identical to that of the Hezbollah Brigades, which still rejects calls to restrict weapons. The security official of the faction, Abu Mujahid al-Assaf, announced in a statement (May 30, 2026) the readiness of the brigades to receive the weapons of the factions that have abandoned armed action and to pay for them, saying: “We are ready to receive some special weapons for which there are no specialists in the state apparatus, such as drones, suicide aircraft, cruise missiles, and anti-tank missiles, and we are also ready to pay for them.”
The Al-Nujaba Movement issued a short statement on Wednesday (June 3, 2026) in which it announced its rejection of disarmament, and said that its position is clear as stated in a previous post by “Secretary of the Islamic Resistance, Akram Al-Kaabi.”
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