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The United States congratulates Iraq on its National Day and commends the strengthening of sovereignty.

On Saturday, the United States congratulated the Iraqi people on their national day, affirming its commitment to strengthening the bilateral partnership and supporting the country’s stability and sovereignty. Dailynews reports

This came in a press statement issued by US Secretary of State Marco Rubio on the occasion of Iraq’s National Day on October 3, in which he praised the depth of historical relations and the strength and achievements of the Iraqi people.

Rubio pointed to the visit of Iraqi Prime Minister Ali al-Zaidi to Washington last July and his meeting with President Donald Trump at the White House, noting that it reflected the strength of the friendship between the two countries and the shared commitment to building a strong and prosperous future.

The US Secretary of State added that the economic partnerships announced during that visit embody the broad potential for trade and investment cooperation between American and Iraqi companies.

Rubio also welcomed Iraq’s continued efforts to strengthen its sovereignty and contribute to establishing security and stability in the Middle East region.

Iraq celebrates its National Day on October 3rd of each year, which is an official holiday throughout the country.

Shafaq.com

Import Allocation Monitoring Authority: Every dinar that enters and leaves the Iraqi treasury is subject to monitoring.

The General Authority for Monitoring the Allocation of Federal Revenues revealed on Saturday its procedures for monitoring the movement of funds from the treasury to spending entities, stressing that every dinar that enters and leaves the treasury is subject to monitoring. Dinarnews subscription

According to the official agency, the head of the General Authority for Monitoring the Allocation of Federal Imports, Susan Abdullah, said, “The Authority is independent and serves as an early warning system for combating corruption, as the Authority’s tasks include monitoring allocation and supervising funding from the Ministry of Finance to ministries and governorates, and then monitoring the optimal use of funding. Consequently, all revenues and imports that come to Iraq federally from any institution are investigated by the Authority, which verifies the sources of revenues.”

She pointed out that “every dinar that enters and leaves the Iraqi treasury is under the observation and monitoring of the commission,” indicating that “there are many corruption files that have been monitored and referred to the Integrity Commission, the judiciary, and the Financial Control Bureau.”

Abdullah emphasized, “There is no overlap in work with the Federal Board of Supreme Audit; rather, there is institutional integration between the Board and the Integrity Commission. They have the scope to operate, and we have sufficient scope.” She pointed out that “the Commission, which monitors the allocation of federal revenues, is the only entity in Iraq that oversees funds before disbursement and follows up on them after disbursement.”

Alrabiaa.tv

Minister of Finance: Tax documentation paves the way for a new phase of digital transformation

Finance Minister Faleh al-Sari affirmed on Saturday that tax documentation paves the way for a new phase of digital transformation.

A statement from the ministry, received by the Information Agency, indicated that “the minister oversaw the launch of the first electronic tax accounting system for major taxpayers during his visit to the General Authority for Taxes, in the presence of several directors general from the Ministry of Finance.”

He added that “the launch of the system comes within the framework of the government program and the Ministry of Finance’s direction towards digital transformation, modernizing financial management, and simplifying procedures, which contributes to raising the efficiency of tax operations and facilitating procedures for taxpayers.”

He pointed out that “the system allows taxpayers to complete tax accounting procedures electronically and pay amounts remotely, without needing to visit the Authority’s headquarters. It also allows for the electronic storage and archiving of documents and enables review of returns by audit and compliance teams, thus enhancing work efficiency and preserving the rights of the public treasury and public funds.”

According to the statement, the minister stressed that “the launch of the electronic tax accounting system represents a practical step in modernizing tax administration and transitioning from paper-based transactions to a digital system that keeps pace with technological advancements in tax collection methods.”

He added that “the electronic system represents the first phase of the digital transformation project for tax operations, and the first building block for a comprehensive electronic tax system,” noting that the selection of major taxpayers is a starting point for the project, with the digital transformation phases to expand later to include various taxpayer segments.

Almaalomah.me

Proof of source of funds and vague fees: Institutional obstacles hindering trade regulation in Iraq

Manar Al-Obaidi, head of the “Iraq Future” Foundation for Economic Studies and Consultations, criticized on Saturday the obstacles and impediments facing traders in Iraq from the stage of establishing their companies and projects through obtaining hard currency to the banking procedures related to this matter, warning of the consequences of the bureaucracy facing the labor market and its impact on increasing the unemployment rate in the country. Financialnews aggregation

Al-Obaidi said in a detailed post, “After more than three years of implementing the external transfer restrictions, it is not enough to repeat the demand for traders to deal with banks, and then interpret the continued resort of some of them to the parallel market as merely a refusal to comply,” adding, “We are asking the trader to become a banking regulator, while he faces complications from the moment he registers his business.”

According to the World Bank’s Doing Business 2020 report, Iraq ranked 154th out of 190 economies in ease of starting a business, with an average of 8.5 procedures and 26.5 days to establish a company and officially begin its operations, based on the case studied in Baghdad.

The economist stressed that “these figures reveal that the obstacles to establishing businesses preceded the external transfer restrictions by years,” noting that “tightening the transfer requirements needed a parallel reform to make fulfilling them possible.”

State dues

Al-Ubaidi noted that “taxes, social security, fees, and other obligations should be clear and calculable before a merchant makes his decision. However, the abundance of instructions, their overlap, and the difficulty in understanding their application make the final cost unclear to him.”

He pointed out that “the merchant can include a known fee within the cost of his goods, but it is difficult for him to plan for a commitment whose amount or timing he does not know. This is in addition to the financial extortion he is subjected to, which exceeds the money he pays to the state, which accumulates the cost of his trade whenever entering the formal sector becomes linked to uncertainty and its weak attractiveness, even if it allows obtaining currency at the official rate.”

Proof of source of funds

Al-Ubaidi pointed out that “a trader who has been working for twenty years, buying and selling for cash, and reinvesting his profits in merchandise, but he does not have regular financial statements or complete historical records. Today he is required to provide documents explaining how his capital was formed,” indicating that “his activity may be legitimate, but his commercial history is not documented in the way that the bank needs. Here the gap appears: he has an existing business and accumulated funds, but he does not have the financial file that allows verification of them.”

He stressed that “this gap needs institutional treatment: a clear path for documenting the activity and sources of funds, accounting assistance, and requirements that are commensurate with the size of the activity and its risks, without dropping verification or being lenient with illicit funds. A financial record that has not been built over years will not appear simply by issuing new instructions.”

Banking obstacles

The economist stressed that “even a merchant who fulfills his requirements may encounter a bank that does not find sufficient benefit in serving him,” noting that “a small transfer requires verification of the identity of the client, the beneficiary, the source of funds, the invoice, and the purpose of the transfer,” pointing out that “a large part of this work is also required for a large transfer, while the return from a small one may be much less.”

The head of the “Iraq of the Future” Foundation warned that “this disparity creates an incentive for some banks to favor large transfers and set limits or conditions that exclude small ones, and the result is that the merchant whom we ask to move to official channels may not find a banking service suitable for the size of his business.”

Al-Ubaidi ruled out a decline in reliance on the parallel market if the official alternative remains difficult to access, unclear in cost, and limited in service to small traders, calling for the importance of finding alternative solutions that rely on technology and automation to regulate trade and link traders with approved suppliers, banks, and shipping companies.

Digital solutions for businesses

The economist suggested “a digital solution that the merchant enters with a small purchase order, which helps him complete his file, provides a documented invoice from an approved supplier, clarifies the cost of purchase, shipping and fees, collects similar orders, and links payment to the arrival and receipt of goods. Thus, with each transaction, the merchant creates a commercial and financial record that can be referred to.”

He added that “the success of these digital solutions requires that they be accompanied by simpler procedures for registering businesses, declared and accountable government dues, an approved path for documenting funds, and a banking commitment to serving small transactions.”

Al-Ubaidi concluded, “Either we place obstacles, impediments, and ambiguity before the merchant, demonizing him under the pretext that he is the one creating currency market speculation, or we demonstrate a clear lack of understanding of the market and the commercial sector.” He added, “Every small merchant represents a job opportunity for five people directly and five indirectly,” and warned that “the cessation of any merchant’s work, or the decline in his business, means the loss of ten direct and indirect job opportunities in a market where unemployment rates are already high.”

The economist concluded by saying, “Whoever wants to reduce the parallel market must make the official route usable. The trader needs a door he can enter through, a cost he knows in advance, and a bank that accepts his service.”

Shafaq.com

Iraq is the third largest Arab country in terms of gold holdings during the month.

Data from the World Gold Council for September 2026 showed that the total gold reserves of the Arab countries listed in the table of the top 100 holders amounted to 1,649.1 tons. Businessnews alerts

Saudi Arabia topped the list of Arab countries with reserves of 323.1 tons, followed by Lebanon with 286.8 tons, then Iraq with 175.6 tons, Algeria with 173.6 tons, and Libya with 146.7 tons.

The list also included Egypt with 129.7 tons, Qatar with 116.2 tons, Kuwait with 79 tons, Jordan with 77.8 tons, the UAE with 74.5 tons, Syria with 25.8 tons, Morocco with 22.1 tons, Tunisia with 6.8 tons, Oman with 6.7 tons, and Bahrain with 4.7 tons.

The total gold reserves of all countries and entities listed in the table of the top 100 holders amounted to approximately 36,478 tons, with the holdings of Arab countries, amounting to 1,649.1 tons, constituting approximately 4.52% of the total gold listed in the table.

The World Gold Council’s table includes the top 100 gold holders, and in addition to countries, it includes some official institutions. The Council’s data shows that the data sources include central banks, the International Monetary Fund, and other official sources.

Shafaq.com

The coordination framework calls for de-escalation and sets a deadline for addressing the weapons issue.

The Coordination Framework affirmed on Saturday the importance of continuing to strengthen the state of institutions and the rule of law, calling on all parties to fully commit to a comprehensive truce.

The framework stated in a statement that the responsible positions of the factions towards the public interest and their commitment to the agreement document are appreciated, noting that this came after a great effort led during the past period by sincere parties.

The framework expressed its deep gratitude to the supreme religious authority, which it described as “the safety valve of the nation,” and extended its highest congratulations to the sons of the Iraqi people, especially the security forces in all their formations and branches, in appreciation of their role in defending the homeland and preserving its dignity and sovereignty. Iraqtravel guides

The Coordination Framework appreciated the International Coalition’s commitment to withdraw from Iraq within the specified timeframe, after it had played a major role in combating terrorism. It also thanked the Quartet Committee for its efforts, stressing the need for it to continue its work at the same pace until June 30, 2027, the agreed-upon deadline for implementing the constitutional article related to addressing the issue of weapons.

In closing, the Coordination Framework expressed the high capacity of the government and the state, which enables them to preserve all components of Iraq and make Iraq a safe investment environment.

Burathanews.com

MP Safaa Al-Jabri: Setting a date to finalize the completion of the government cabinet

The Sadiqun parliamentary bloc announced on Friday that the completion of the government cabinet is scheduled to be finalized next week.

MP Safaa Al-Jabri, speaking on the Al-Sumaria TV program “Al-Ala’na,” said that “a session is expected to be held on Tuesday or Wednesday of next week to vote on completing the government cabinet.”

In response to a question about the possibility of Sadiqun giving up its entitlement, he affirmed that “the bloc will take its electoral entitlement,” noting that “the talk is initially about the Ministry of Labor and the Deputy Prime Minister.”

Regarding the existence of external reservations about some names, Al-Jabri said that the file “has been dealt with,” considering that “the Prime Minister played a successful role in managing it and balancing the competing forces within the coordination framework.”

He confirmed that “the matter is expected to be resolved by the middle of next week at best, or the following week at worst.”

When asked whether Laith al-Khazali was still in contention for the position of Deputy Prime Minister, al-Jabri replied: “God willing.”

Burathanews.com

Al-Hasnawi: We are ready to pass the Popular Mobilization Forces law without any compromises or bargaining.

MP Mohammed al-Hassnawi, from the Rights Movement, confirmed the intention and determination to pass the Popular Mobilization Forces (PMF) law in Parliament, away from any political bargaining or compromises, after the government announced the completion of the law and placed the onus on Parliament.

Al-Hassnawi told Al-Maalouma, “The PMF law will be passed in Parliament, and it will absolutely not be allowed to become a bargaining chip or subject to political maneuvering, given that this group defended Iraq and protected its land and honor.”

He added, “Voting and passing the PMF law is not a favor or a gift from the Parliament to this large segment of society that has sacrificed for the nation. No one will be allowed to claim that passing this law is a charitable act towards the PMF.”

He explained that “the law will be passed in Parliament as soon as it arrives from the government, despite some dissenting voices that do not wish Iraq well and seek to keep its sovereignty incomplete,” noting that “there is a strong push to pass the PMF law and keep it out of the realm of political maneuvering.”

The Cabinet voted during its last session to approve the Popular Mobilization Forces Law in order to send it to the Council of Representatives for review, discussion, and legislation, after the government failed to pass the law during the previous parliamentary session. Iraqtravel guides

Almaalomah.me

Al-Zarkoushi: Four names are on the table for deciding the Ministries of Interior and Defense… and the decision awaits consensus and voting.

Member of the Coordination Framework, Abdul Samad al-Zarkoushi, confirmed on Friday that four names have been put forward as candidates for the Ministries of Interior and Defense, noting that the final selection of candidates will be made through political consensus and a vote in Parliament.

Al-Zarkoushi explained to Al-Maalouma that “the Ministries of Interior and Defense are important sovereign security ministries, and they shape the management of the security file in the country in general.”

He added that “four names have been put forward so far for the two ministries, including three high-ranking officers, and it is not possible at this time to definitively say who will head each ministry, as the matter is subject to political agreement and the presentation of names to Parliament.”

He indicated that “all signs point to the remaining ministerial portfolios in Ali al-Zaidi’s government being finalized in the coming days, given the intensified meetings scheduled for next week.”

He pointed out that “the intensified meetings may pave the way for scheduling a parliamentary session to proceed with presenting and finalizing the names of candidates for the nine remaining ministerial portfolios, particularly the Ministries of Interior and Defense.”

Almaalomah.me