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Al-Zaidi oversees the signing of 9 memoranda of understanding in Jordan

On Monday, Iraqi Prime Minister Ali Faleh al-Zaidi and Jordanian Prime Minister sponsored the signing ceremony of nine memoranda of understanding and executive programs.

According to a statement issued by the Prime Minister’s Media Office and received by Shafaq News Agency, the ceremony included the signing of a memorandum of understanding for cooperation in the field of competition and prevention of monopoly, another in the field of environmental protection, as well as a memorandum of understanding for cooperation in the field of higher education and scientific research for the years 2026-2031.

The statement added that the ceremony also included the signing of memoranda of understanding for cooperation in the areas of consumer protection, documents and archives, and cooperation between the Diplomatic Institute and the Foreign Service Institute of the Republic of Iraq, as well as a mechanism for cooperation in the field of supporting small and medium enterprises, and an amended version of the executive program for cultural cooperation for the years 2026-2028, in addition to the executive program for educational cooperation for the years 2026-2028.

Al-Zaidi had arrived in the Jordanian capital at the head of a high-level delegation, on an official visit aimed at discussing bilateral cooperation and regional developments, according to what was announced by government spokesman Haider al-Aboudi, who indicated that the visit would witness the signing of memoranda of understanding for joint economic and development programs.

Al-Zaidi is scheduled to visit Lebanon and Syria this week, according to a source for Shafaq News Agency. He previously visited the Saudi capital, Riyadh, last Wednesday, as part of an official tour that also included Kuwait.

Shafaq.com

20 billion in 3 neighboring countries… Expected parliamentary action to recover looted funds and combat corruption

MP Abdul Amir Najm revealed today, Monday, the most prominent vital draft laws that the government is working to finalize and send to Parliament in the coming period. He indicated that foremost among them is the “Settlement and Recovery” draft law, which aims to activate mechanisms for recovering looted public funds and curbing financial and administrative corruption.

Najm told the Information Agency, “Parliament is awaiting the arrival of several important draft laws with oversight and financial dimensions from the government, most notably the Settlement and Recovery Law, which represents a qualitative legislative pillar to enable oversight and judicial bodies to pursue smuggled funds and those involved in stealing public money inside and outside the country.”

He added, “The enactment of this law will give the state greater flexibility and faster legal tools to recover stolen funds and reinvest them in the public treasury and development projects, and close the legislative loopholes that corrupt individuals have exploited over the past years to escape with looted funds.”

Najm explained that “the Parliamentary Integrity Committee is determined to give top priority to all legislation related to combating corruption and protecting national wealth as soon as it reaches Parliament,” stressing “the necessity of integration and high-level coordination between the legislative and executive branches to enact these stringent laws and put an end to those who encroach upon the livelihood of the Iraqi people.”
In this context, previous official statistics showed that final court rulings had been issued to recover public funds amounting to $20.48 billion, coinciding with the recovery of more than $25 million internationally over two years.

According to the data, oversight and judicial bodies, along with the Iraqi Funds Recovery Fund, were able to recover $379 million from abroad, $13 million from French banks, $9 million from Italy, and $3 million from Lebanon, in addition to recovering 19 billion dinars domestically.

The investigations also uncovered assets and funds under surveillance in neighboring countries, including $1.45 billion in Syria, $700 million in Jordan, and $193 million in Turkey. Rewards ranging from 5% to 10% were offered to informants and collaborators. Iraqeconomic update

Almaalomah.me

Al-Janabi today and Al-Samarrai on Thursday… The judiciary sets trial dates for detainees arrested in the “Green Zone raids”

A judicial source revealed on Monday the dates for the trials of four prominent figures arrested in the Green Zone raids four months ago, due to their names appearing in files containing allegations of financial and administrative corruption.

The source explained to Al-Maalomah that “the trials of those accused in corruption cases begin today, Monday, with the head of the Legislation Party, MP Ziyad al-Janabi, at the forefront. The trial of the director of the Oil Products Distribution Company, Hussein Talib, will be held on Tuesday, and the case of the head of the Azm Alliance, Muthanna al-Samarrai, will be heard on Thursday. The verdict for MP Mohammed al-Sayhoud is expected on November 8th.”

The source added that “postponing the trial of any of them or the pronouncement of the verdict is possible and is subject to the discretion of the competent courts, especially given the existence of evidence that might lead in this direction. However, in any case, most of the pending cases are likely to be resolved.”

He noted that “other cases have reached the final stages of investigation, and therefore the coming weeks will be crucial in resolving most of the cases under investigation, especially those of those arrested in the Green Zone raids four months ago.”

Almaalomah.me

An economist warns of a “cost of living setback” due to exchange rate volatility.

Economic expert Abdul Rahman Al-Mashhadani warned on Monday of the significant negative repercussions of exchange rate instability and the current market turmoil. He emphasized that relying on stopgap solutions and manipulating the currency directly harms citizens’ purchasing power and is detrimental to the economy.

In a statement to the Information Agency, Al-Mashhadani said, “The true salvation of the Iraqi economy does not lie in changing the exchange rate or raising the price of the dollar, as these measures may provide quick and temporary liquidity to the state treasury, but they do not constitute financial reform in themselves without comprehensive strategic plans.”

He added, “The Iraqi market is experiencing clear turmoil that necessitates a genuine and urgent review by the Central Bank of the current monetary policy mechanisms.” He pointed out that “true financial reform requires building a genuine, diversified revenue system, reducing wasteful spending within the state apparatus, and making serious efforts to recover smuggled funds and assets.”

Al-Mashhadani stressed “the necessity of immediate intervention by the Central Bank and the injection of sufficient quantities of foreign currency to cover the market’s basic needs and curb speculators who are exploiting the absence of radical solutions to raise prices,” while warning that “the continuation of the current situation without radical solutions will directly exacerbate the crisis and increase the cost of imports, which threatens a decline in living standards and widens the poverty line among citizens.”

Almaalomah.me

Sinjar Resistance Units announce their integration into the Iraqi security system

On Monday, the leadership of the Sinjar Resistance Units announced the end of its “independent” military affiliation and its integration into the security system, as part of the process of restricting weapons to the state.

The command said in a statement received by Shafaq News Agency, “We announce reaching an agreement with the Iraqi federal government regarding ending the independent military affiliation of our forces, the Sinjar Resistance Units and the Sinjar Women’s Units, which numbered 4,165 male and female fighters, and integrating them into the federal security system and restricting weapons to the state, in accordance with the legal and institutional frameworks and agreed understandings, thus establishing a new phase of national partnership and shared responsibility.” Iraqeconomic update

She added, “This agreement comes in the context of the history of Sinjar and what our Yazidi people witnessed in terms of genocide in August 2014 at the hands of ISIS mercenaries, when they faced killing, captivity, displacement and the danger of annihilation. At a time when about a third of the area of ​​Iraq, including Nineveh Governorate, fell under the control of the terrorist organization, Mount Sinjar remained steadfast through its sons of the Yazidi resistance. At that fateful moment, the Sinjar Resistance Units and the Sinjar Women’s Units were born.”

The leadership considered this decision as “not turning the page on our history nor denying the sacrifices of the years of resistance, but rather moving from a stage imposed by genocide and war to a stage of working within the institutions of the state. We affirm that restricting weapons to the hands of the state and unifying the security decision is the basis for consolidating sovereignty, preventing the return of terrorism and enhancing stability, provided that the implementation of the agreement is accompanied by preserving the rights of the male and female fighters, and ensuring the security of Sinjar.”

Shafaq.com

Al-Zaidi from Amman: Iraq continues its efforts to end the region’s crises

Iraqi Prime Minister Ali al-Zaidi affirmed on Monday his government’s keenness to enhance cooperation with Jordan, particularly in the economic, trade and investment fields, stressing the continuation of coordination and efforts aimed at ending crises and tensions in the region and establishing the foundations of stability.

The Prime Minister’s Media Office said in a statement received by Shafaq News Agency that Al-Zaidi met, during his official visit to the Jordanian capital Amman, with Jordanian King Abdullah II bin Al-Hussein, and the two sides discussed bilateral relations and ways to enhance cooperation in accordance with the agreements and memoranda of understanding signed between the two countries.

Al-Zaydi explained that the visit aims to strengthen the historical relations between the two countries, and to continue enhancing bilateral cooperation, especially in the economic, trade and investment fields, and to develop joint projects.

He pointed out that Iraq today represents a meeting point for everyone, and adopts the principle of balance and achieving common interests in its relations with sisterly and friendly countries, stressing the continuation of coordination and work to end crises and tensions in the region and establish stability in it.

For his part, King Abdullah II affirmed Jordan’s keenness to enhance cooperation with Iraq at all levels, especially political, economic and developmental, noting his country’s support for Iraq’s pivotal role and its efforts to achieve security and stability in the region.

Al-Zaidi had arrived in the Jordanian capital at the head of a high-level delegation, on an official visit aimed at discussing bilateral cooperation and regional developments, according to what was announced by government spokesman Haider al-Aboudi, who indicated that the visit would witness the signing of memoranda of understanding for joint economic and development programs.

Al-Zaidi is scheduled to visit Lebanon and Syria this week, according to a source for Shafaq News Agency. He previously visited the Saudi capital, Riyadh, last Wednesday, as part of an official tour that also included Kuwait.

Shafaq.com

The Kurdistan negotiating delegation and decision-making centers meet in Erbil to discuss the 2027 budget.

On Monday, the Kurdistan Region’s negotiating delegation with Baghdad held a meeting in Erbil, attended by a number of economic experts and decision-makers in the region’s political and governmental center, to discuss the ongoing negotiations regarding the Kurds’ share in Iraq’s 2027 budget. Iraqeconomic update

Adnan Othman, head of the Vision Foundation for Strategic Studies, told Shafaq News Agency that the purpose of this meeting was to assess the results of the efforts made by the region’s negotiating delegation regarding Kurdistan’s share in the 2027 budget, with the participation of political parties and decision-making and governing centers in the region, to review their observations and directives to the negotiating delegation.

Othman pointed out that, based on what the negotiating delegation presented during its visits to Baghdad and its discussions with political and governmental centers in Iraq, although there is a “more open mind” in Baghdad and a greater understanding of the constitutional and legal rights of the region, risks still exist regarding the legal and financial entitlements of Kurdistan.

He added that this step requires Kurdish political support, which is embodied in unity and cohesion among the Kurdish political forces.

Othman explained that they are closely monitoring the impact of the unity steps in Iraq on the gains of the region, especially in the 2027 budget, which is the first budget project that the current Iraqi government is working on, stressing that the final decision will be the decision of the political and governmental center in the Kurdistan Region.

Shafaq.com

One billion dollars in cash is on its way to Iraq… Government moves to strengthen the dinar and reduce demand for hard currency.

Mahmoud Dagher, advisor to the governor of the Central Bank and spokesman for the bank, confirmed on Saturday that the Prime Minister’s actions contributed to convincing the US Federal Reserve to ensure the smooth flow of cash dollars into Iraq.

Dagher said in press statements that increasing cash dollar shipments would enhance the stability of the local market and reduce informal demand for the currency, noting that the value of a single shipment currently reaches about $500 million.

He added that forecasts indicate the arrival of new shipments of cash dollars that may amount to $1 billion, indicating that increasing the cash supply of foreign currency will contribute to strengthening the value of the Iraqi dinar and supporting the stability of the exchange market.

Burathanews.com

Al-Zaydi: American concerns about dollars reaching the factions have affected cash supplies.

Iraqi Prime Minister Ali al-Zaidi said on Friday evening that American concerns about dollars reaching the factions have affected the volume of cash supplies, while noting that the Iraqi government aims to obtain payments of up to $2.5 billion to address the exchange rate gap. ReadDaily News

Al-Zaydi added in an interview with Al-Iraqiya channel, which was monitored by Shafaq News Agency, that “the Iraqi government has increased the supply of cash dollars from 140 million to half a billion dollars per month, and is working to increase shipments of American cash dollars to more than one billion dollars per month.”

He stressed that “the government is working to bring the dollar exchange rate back to 155,000 dinars or less,” noting that “previous reductions in the dollar exchange rate did not benefit the citizen, and the differences went to speculators.”

The Prime Minister explained that “the high exchange rate supports the industrial and agricultural sectors and enhances the competitiveness of Iraqi products,” noting that “some neighboring countries are flooding the Iraqi market with their surplus production, which weakens the ability of local products to compete.”

In the oil file, he said that “there was one million barrels being sold to the Ministry of Oil at a price of 5,000 dinars per barrel, and this matter contributed to creating loopholes for corruption. The price of locally supplied oil was re-evaluated, which provides the treasury with about 20 trillion dinars annually.”

He added that “80 trillion dinars in revenues are expected within four years of changing the pricing of local oil,” noting that “the government has imprisoned those involved in corruption in the Ministry of Oil contracts and subjected the contracts to auditing.”

He explained that “oil exports fluctuate between halting and exporting due to regional conditions, and we are working on a pipeline network to export oil so that Iraq does not remain hostage to the Strait of Hormuz. We also seek to reactivate the Ceyhan route and diversify oil export outlets.”

The Prime Minister stressed that “the Hormuz crisis deprived Iraq of benefiting from the rise in oil prices.”

Regarding fees and taxes, Al-Zaydi pointed out that “the government waived revenues from fees and taxes to bring in basic goods at lower prices,” explaining that “the exemption decisions included fruits and vegetables, most food items, medicines, and solar energy equipment and systems.”

The Prime Minister concluded that “the government is thinking about the citizen’s interest and is seeking to alleviate the economic pressure on him.”

Regarding the relationship with Washington, Al-Zaydi confirmed that “American companies have begun working with Iraq and have started implementing projects within the areas of joint cooperation,” noting that “the United States was chosen as a strategic partner based on its technological and economic capabilities.”

He added that “the partnership with Washington and the development of the energy sector will make Iraq’s influence in the region and the world different from previous years,” stressing that “increasing oil production will enhance Iraq’s position as one of the influential countries in the global energy market.”

Al-Zaydi stressed the continuation of visits to other countries to strengthen political, economic and investment relations, explaining that “developing Iraq’s foreign relations is an essential part of the state-building project.”

On the other hand, Al-Zaydi said that “the four deputy prime ministers do not receive salaries and we have not appointed new employees for them,” adding: “I asked my deputies to be field-oriented and to visit the governorates, ministries and departments to find out the needs of the people.”

He revealed that “the government terminated the work of 72 advisors and created four positions for deputy prime ministers without additional costs,” noting that “the three new ministries did not add any job burdens to the budget.”

Regarding the challenges facing the government, Al-Zaydi revealed that he had been exposed to “threats and dangers during the past five months,” stressing, “I will not back down, we will not abandon our responsibilities, and we will continue to perform our duties until the last moment of the government’s term.”

Al-Zaydi also revealed that he had refused to take over the position twice before, adding: “I am confident that whoever comes after me will complete the project of building the state and the nation.”

He believes that “building national identity is the responsibility of the government, political forces, and community institutions,” stressing that “the government is working on a project to build a strong and stable Iraqi state.”

He added that “the government faces a great national responsibility concerning the fate of about 50 million people,” noting that “demonstrating is a constitutional right and we will listen to all the demands of the protesters.”

Shafaq.com