Barak arrives in Baghdad: I will discuss with al-Zaidi charting a new course for a strong relationship between Iraq and America.

US envoy to Iraq and Syria, Tom Barrack, arrived in Baghdad on Monday as part of a tour that includes a series of meetings with political leaders and government officials in the country, including the Kurdistan Region.

Upon his arrival, Barak posted on the “X” platform, stating that he would meet with Prime Minister Ali al-Zaidi to convey to him the support of US President Donald Trump for the Iraqi government.

He added that he would discuss with al-Zaydi the strategic partnership between Iraq and America with the aim of charting a new course for a strong and sustainable relationship between the two sides.

Earlier today, Kurdistan Region President Nechirvan Barzani stressed the importance of Barak’s visit to the capital Erbil, noting that the anticipated meetings would include discussions on the disputes and outstanding issues between the regional government and the federal government.

Barak’s current tour to Baghdad and Erbil is to discuss multiple political and security issues, coinciding with the rapid developments and events taking place in the region.

Shafaq.com

As of April, Iraq’s revenues exceeded 31 trillion dinars, with oil contributing 84% of the budget.

Data from the State Account for the federal budget up to April 2026 showed that Iraq recorded total revenues of 31.163 trillion dinars, compared to actual expenditures of 37.835 trillion dinars, reflecting the continued heavy reliance on oil resources to finance government spending.

According to the report issued by the Ministry of Finance/Accounting Department, which was reviewed by Shafaq News Agency, oil revenues amounted to 26.121 trillion dinars, constituting 84% of total revenues, while non-oil revenues amounted to about 5.041 trillion dinars, representing 16% of total public revenues.

In contrast, the actual expenditures of the federal budget up to April amounted to 37.835 trillion dinars, distributed as follows: 36.444 trillion dinars for current expenditures, and 1.391 trillion dinars for investment expenditures.

According to the report, employee compensation (salaries and wages) accounted for the largest share of current spending, amounting to 20.484 trillion dinars, followed by social welfare expenditures of 9.233 trillion dinars, while debt service amounted to about 2.868 trillion dinars, in addition to allocating 2.625 trillion dinars for grants, subsidies and other expenses, while commodity requirements remained stable at 1.074 trillion dinars.

Shafaq.com

Iraqi atmosphere in Boston… “The Lions of Mesopotamia” prepare to face Norway with widespread fan support

Hours before the start of the highly anticipated World Cup match, Iraqi fans began flocking in large numbers to the American city of Boston, coming from various states, Canada, and neighboring countries, to support the Iraqi national team in its match scheduled for early Tuesday morning, as part of the 2026 World Cup competitions.

The gardens and areas surrounding the Iraqi national team’s residence witnessed a remarkable public presence, where Iraqi flags were raised and national chants and songs were sung expressing support for the “Lions of Mesopotamia” before their important match against the Norwegian national team.

The city of Boston was adorned with a purely Iraqi atmosphere, amidst the continued gatherings and public celebrations in various squares and places frequented by fans, amidst a state of great enthusiasm and anticipation for the first whistle.

A number of fans confirmed to Shafaq News Agency that their presence was motivated by their love for the national team and their desire to experience a historic moment by seeing Iraq in the major global event after four decades of waiting, stressing that they will be strongly present in the stadium stands throughout the ninety minutes of the match, hoping to achieve a positive result that will please Iraqi fans all over the world.

Shafaq.com

Iraq welcomes the memorandum of understanding reached between Iran and the United States.

The Ministry of Foreign Affairs welcomed on Monday the signing of the memorandum of understanding between the Islamic Republic of Iran and the United States of America, while affirming that Iraq will continue to play its customary role in bringing together the views of the countries of the region. The ministry stated in a statement, “We express our welcome for the signing of the memorandum of understanding between the Islamic Republic of Iran and the United States of America,” stressing “its full support for all efforts aimed at strengthening dialogue and prioritizing diplomatic solutions in addressing crises and conflicts.”

She added that “the Ministry, on behalf of the government and people of the Republic of Iraq, extends its congratulations to the governments and peoples of the two friendly countries on this occasion, expressing its hope that this step will contribute to consolidating regional security and stability, and opening new horizons for understanding and cooperation in a way that serves the interests of the peoples of the region.”

The Ministry also affirmed that “Iraq’s principled and unwavering position has always been, and remains, based on rejecting war and adopting dialogue and peaceful means as the only way to resolve disputes. In this context, it followed with interest the course of the negotiations and the efforts that led to this memorandum.” In this regard, the Ministry congratulated “the governments of the Islamic Republic of Pakistan and the sisterly State of Qatar for their mediation efforts and support of the negotiation process, which led to the cessation of military operations.”

She explained that “Iraq has suffered greatly from the repercussions of the conflicts and wars that the region has witnessed, which reinforces its firm conviction of the importance of intensifying international and regional efforts to prevent escalation and avoid sliding into new confrontations.”

The ministry expressed its hope that “this development will lead to a final end to the state of war,” stressing that “Iraq will continue to make efforts to restore and strengthen its relations with brotherly and friendly countries that have been affected by the repercussions of the recent crisis.”

She also indicated that “the region today needs collective action based on the principles of collective security and joint cooperation, which will ensure the sustainability of stability and security, and achieve the aspirations of its peoples towards development and prosperity,” noting that “in this context, Iraq will continue to play its customary role in bringing together the views of the countries of the region, based on its balanced foreign policy and its constant endeavor to consolidate dialogue and enhance regional understanding.”

The ministry also expressed its “satisfaction with the announcement of the imminent reopening of the Strait of Hormuz to normal navigation, given its crucial importance in ensuring the smooth flow of oil and gas to global markets and contributing to the stability of international energy markets.”

Burathanews.com

Is the government looking to extract revenue from citizens’ pockets? Leaked information about raising the exchange rate is fueling speculation!

While Iraqi citizens await a package of economic measures and reforms aimed at improving living conditions and curbing the decline in purchasing power, unofficial sources and leaks are circulating news of a potential move within the government to raise the exchange rate of the Iraqi dinar against the dollar in an attempt to contain the escalating financial crisis.

According to these leaks, this move comes amid increasing financial pressures on the country, resulting from a sharp decline in public revenues following a nearly 90% drop or cessation of oil exports, which constitute the primary source of revenue for Iraq’s general budget. This contraction in revenues has directly impacted the government’s ability to finance operational and investment expenditures, most notably salaries and essential services.

In contrast, a number of MPs and economic experts warned of the danger of proceeding with such a measure at the present stage, considering that any change in the exchange rate may lead to additional negative repercussions on the living conditions of citizens, in light of the continued rise in prices of goods and food, and the decline in purchasing power. They pointed out that the local market is already suffering from accumulated economic pressures, most notably the high rates of unemployment, the increasing number of graduates looking for job opportunities, in addition to the widening scope of demands for appointment in the government sector, which makes any ill-considered economic step an additional factor in deepening the crisis instead of addressing it.

In this context, MP Duha al-Bahadli, from the National Approach bloc, commented to Al-Maalomah on the leaks circulating regarding government efforts to devalue the Iraqi dinar against the US dollar. She emphasized that “any such step necessitates parliamentary oversight and close monitoring due to its direct impact on citizens’ living conditions.” Al-Bahadli pointed out that “Parliament is currently suspended due to the legislative recess, but this does not negate the need to monitor new government decisions, especially those related to the economy and the exchange rate, through the relevant parliamentary committees and members concerned with oversight.”

She explained that “Iraq is facing a number of accumulated challenges and crises, at a time when the Iraqi public is exhausted by the measures and reforms that negatively affect their daily lives and future livelihoods.”
For his part, economist Diaa al-Muhsin warned, in a statement to Al-Maalomah, He stated that “any government move to raise the exchange rate of the dollar against the Iraqi dinar will have direct economic repercussions on local markets,” emphasizing that “citizens will be the first to suffer from these measures.”

Al-Muhsin added that “raising the exchange rate will lead to a decrease in citizens’ purchasing power and weaken the real value of employees’ salaries,” in addition to causing “a rise in the prices of goods and foodstuffs, which will negatively impact the standard of living of Iraqi families.”
The Iraqi public is experiencing a state of anxiety and apprehension amidst rapidly evolving regional developments and the accompanying instability, which has directly impacted oil exports, particularly those through the Strait of Hormuz. This comes at a time when estimates indicate a continued absence of effective economic alternatives, which should have been included in contingency plans by previous governments.

These alternatives were intended to reduce Iraq’s near-total dependence on oil as the sole source of public revenue, leaving the Iraqi economy facing recurring challenges with every regional crisis or fluctuation in energy markets. Given these circumstances, concerns are mounting that the government may resort to difficult financial measures, including adjustments to the Iraqi dinar’s exchange rate against the US dollar, in an attempt to address part of the liquidity and revenue crisis. However, observers warn that such a move could directly impact local markets through a new wave of price hikes for goods and services, threatening to exacerbate the cost of living crisis for citizens and further intensify inflation across the country.

Almaalomah.me

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Al-Fahdawi: Iraq does not need Gulf loans and its economy is collapsing, but it will recover.

On Thursday, Muhammad al-Fahdawi, a leader in the Azm Alliance, revealed that the Gulf states refused to lend to Iraq due to the lack of political guarantees because of the tense situation in the region resulting from the war with Iran and the closure of the Strait of Hormuz.

Al-Fahdawi told Al-Maalouma News Agency that “the weakness of the country’s financial management is behind its resorting to asking the Gulf states to support it financially, and all data indicates that the Iraqi economy will recover without the need to borrow from the Gulf states, which handed over the management of their countries’ affairs to the Trump administration, and that the economic crisis that the country is going through has not led to the collapse of its economy.”

He added that “the Gulf states stipulated guarantees from Iraq in order to lend to it and provide financial support to rescue its economy, which is burdened with debt due to weak financial management and its inability to address the economic crisis in a well-thought-out manner, away from the improvisations that destroyed the country’s economy.”

He explained that “the lending process is difficult in light of the current circumstances in the region resulting from the Zionist-American aggression against Iran, the closure of the Strait of Hormuz, and the cessation of oil exports outside of Iraq.”

He affirmed that “the Iraqi economy is not suffering from a major financial crisis domestically, but it is experiencing a shortage of liquidity,” ruling out the collapse of the Iraqi economy in the current period.

Almaalomah.me

Al-Surji: Elections in Kurdistan are not a solution to the issue of forming a government.

Patriotic Union of Kurdistan (PUK) member Ghiath al-Surji confirmed that holding elections in the Kurdistan Region is not the ideal solution to the issue of forming a government.

Al-Surji told Al-Maalouma, “The Kurdish parties in the Kurdistan Region have not discussed holding elections at this time; only the Kurdistan Democratic Party (KDP) is talking about it.” He added, “The PUK is not afraid of holding elections and competing again. In fact, the PUK is confident it will win more seats than it did in the previous elections.”

He explained, “There is optimism within the PUK about winning more seats if elections are held. However, the party believes that holding elections at this time is not a solution, especially since the PUK will not be able to form a government on its own without the KDP, and vice versa.”

Almaalomah.me

Regional events are shaping Iraq’s economic trajectory: a financial crisis, rising prices, and a change in the value of the dinar.

Regional events are directly impacting Iraq’s economic situation, as the country lies at the heart of the turmoil engulfing the so-called Middle East. Following the war instigated by the US and its Zionist ally against the Islamic Republic and its repercussions on the Strait of Hormuz, these factors may lead governments, particularly in Iraq, to ​​adopt decisions that mitigate the damage but ultimately burden the people. This could manifest as salary reductions if the dinar is devalued, austerity measures implemented, and increased fees across various sectors, all of which will negatively affect citizens.

Imran Karkoush, a member of the State of Law Coalition, told Al-Maalouma, “Everyone in Iraq, including its government and the rest of the world, is monitoring the unfolding events in the region and awaiting the outcome of the indirect negotiations between the US and Iran.”

He added, “The Iraqi economy has been affected by the regional developments and military escalation. Iraq is anxiously awaiting the results of the negotiations between Washington and Tehran to restore the status quo in the Strait of Hormuz.”
He explained that “Iraq has been directly affected by the ongoing war in the region. The government is waiting for this conflict to end and for the government to work on strengthening relations within the region and building robust economic ties through rail and trade links between the countries of the region, Iraq, and the world, as Iraq is currently at the heart of the storm and directly affected by current events.”

For his part, economic expert Diaa al-Muhsin explained to Al-Maalomah that “Mustafa al-Kadhimi’s government was the first to take the step of raising the exchange rate of the dollar against the Iraqi dinar under the pretext of providing financial liquidity and addressing the pressures on public revenues resulting from the repercussions of the Coronavirus pandemic. Therefore, any new economic measures must be in line with the requirements of the local market and take into account the living conditions of citizens.”
He added that “raising the exchange rate will lead to a decrease in the purchasing power of citizens and weaken the real value of employees’ salaries, in addition to causing an increase in the prices of goods and foodstuffs, which will negatively affect the standard of living of Iraqi families.”

Al-Muhsin pointed out that “addressing the financial crises should not rely on placing additional burdens on citizens, but rather on revitalizing productive economic sectors, primarily agriculture, industry, and manufacturing, thereby contributing to diversifying income sources and reducing dependence on oil revenues.”

He noted that “the government may resort to other measures beyond raising the exchange rate, including reducing or eliminating some forms of subsidies for fuel, food, and medicine, with the aim of increasing public revenues,” emphasizing that “such steps will directly impact citizens because they target their daily spending and living standards.”
In a related context, political analyst Qasim al-Tamimi told Al-Maalouma that “Iraq has internal debts amounting to $90 billion and external debts of around $30 billion, which Iraq obtained through borrowing due to the decline in domestic cash liquidity.”

He added that “the government will face difficulty in controlling the dollar currency in local markets, especially since this currency is directly linked to the US Federal Reserve, as Iraq depends on oil sales that reach the aforementioned bank before being sent to Baghdad.”

He added that “Iraq is suffering from many problems caused by the current situation in the region after the significant decline in oil sales, and this has clearly affected the availability of funds. Therefore, the al-Zaidi government faces a major challenge regarding the financial and economic situation.”

Almaalomah.me

Barzani refuses to hand over Peshmerga and Asayish weapons to the federal government.

Independent Kurdish politician Didar Haval revealed on Friday that Masoud Barzani informed a US official of his refusal to hand over the Peshmerga and Asayish weapons to the federal government.
Haval told the Information Agency, “A US envoy asked Masoud Barzani to hand over the Peshmerga weapons to the federal government, but he refused this request. Washington’s move comes as it seeks to dissolve these forces and integrate them into a single security system.”

He added, “Masoud Barzani emphasized to the US envoy that the Peshmerga weapons represent the identity and symbol of the history and sacrifices of the Kurdish people, and are not merely a fighting arsenal. He also stressed that the region’s forces and security institutions are not subject to any plans to dissolve or merge the factions.”

He explained that “disagreements arose between the Trump administration and Masoud Barzani following the theft of a shipment of advanced American weapons intended for the Iranian opposition and their distribution to the Peshmerga forces, in addition to the fact that the Peshmerga forces did not participate with the Iranian opposition in striking inside Iran to overthrow its regime,” noting that “Barzani refused to include these forces in the “weapons control” projects of the federal government in Baghdad.”

He confirmed that “these are regular forces under the supervision of the regional presidency.”

Almaalomah.me