Saturday, June 28, 2025
Sherwan Dobardani: Erbil and Baghdad have reached an agreement and it must be adhered to.
Sherwan Dobardani: Erbil and Baghdad have reached an agreement and it must be adhered to.
A delegation from the federal government arrived in Erbil on Thursday, June 26, 2025, and began its meetings with a delegation from the Kurdistan Regional Government at 5:00 PM, MP Sherwan Dubardani said.
The two sides reached good results and an agreement on resuming Kurdistan oil exports, he added.
"Erbil and Baghdad have reached an agreement to resume the export of Kurdistan Region's oil, and the agreement must be adhered to," Sherwan Dubardani, a member of the Iraqi parliament representing the Kurdistan Democratic Party, told Kurdistan 24 on Friday, June 27, 2025. He added, "A delegation from the Kurdistan Regional Government will meet with oil companies next week."
Dubardani added, "The Kurdistan Regional Government must abide by the law we voted on in the House of Representatives, and Baghdad must abide by the same law. Companies that signed contracts with the regional government have legal contracts according to the same law."
He pointed out that "there is no excuse for the federal government not to abide by the agreements because the Kurdistan Regional Government is prepared to implement the law enacted by the Council of Representatives, which is to pay 50% of the financial revenues to the federal government."
He explained that Iraqi political parties accuse the Kurdistan Regional Government of non-compliance and use slogans against the KRG because they have not delivered anything for their constituents in their provinces. Especially since parliamentary elections are due to be held soon in Iraq, they are using these slogans as political leverage. link
An imminent agreement between Erbil and Baghdad to resume the region's oil exports and settle employee salaries - Urgent
An imminent agreement between Erbil and Baghdad to resume the region's oil exports and settle employee salaries - Urgent
Member of Parliament, Shwan Muhammad, said on Friday (June 27, 2025) that a comprehensive agreement between Baghdad and Erbil is likely to be reached soon, re-exporting Kurdistan's oil through SOMO and providing a solution to the months-long employee salary crisis.
Mohammed said in a press statement followed by "Baghdad Today" that "the agreement includes exporting the region's oil through the National Marketing Organization (SOMO), with the federal Ministry of Finance responsible for paying the dues of the operating oil companies, while providing guarantees that no obstacles will be placed in the way of the process."
The Kurdish MP explained that "the success of this agreement will have a direct impact on the salaries issue and pave the way for resolving the outstanding financial disputes between the two parties."
As the elections approach, Iraqi parties are preparing for internal and external challenges that require resolving disputes and strengthening the economic front. This is particularly true in light of declining oil exports and increasing international pressure on the federal government to ensure transparency in resource management. Meanwhile, Kurdish demands are escalating to end what has been described as the "collective punishment" policy of the region's employees through salary delays. link
TONY UPDATE: They have been told that the RV will happen
Fri. 27 June 2025 TNT Tony
TNT Tony says that it was announced on Iraqi TV that their purchasing power would increase.
They have been told that the RV will happen tomorrow Sat. 28 June.
Tony thinks they may be waiting for the 5:00 Pacific time close of Forex. He hopes they aren’t waiting for 5:00 Hawaii time. It could happen overnight.
Tony also said the salaries have been paid. Nothing remains to be done.
The bank screens were blank this morning, then flickering later in the day.
They (banks) thought that was a good sign. A bond holder was paid 100 million dollars.
We should be going very soon.
Gold Heads For Second Weekly Loss.. What About Other Metals?
Gold Heads For Second Weekly Loss.. What About Other Metals?
Stock Exchange Gold prices fell on Friday, heading for a second weekly loss, as safe-haven demand was impacted by the ceasefire between Israel and Iran and progress on the US-China trade deal, while investors awaited US inflation data.
Spot gold fell 1.2% to $3,288.55 per ounce by 06:43 GMT. The yellow metal's price has fallen 2.3% so far this week. US gold futures fell 1.4% to $3,300.40, according to Reuters.
"The market seems very bullish on risk assets, so that is impacting gold prices," said Soni Kumari, a commodities economist at ANZ.
Kumari added that the de-escalation in the Middle East following the ceasefire and progress in US-China trade talks reduces market uncertainty, leading to further price declines.
Iranians and Israelis welcomed the return of normal life after 12 days of the most violent confrontation ever between the two sides, which ended with a ceasefire that took effect on Tuesday.
A White House official said Thursday that the United States has reached an agreement with China on how to expedite shipments of rare earth minerals to the United States amid efforts to end the trade war between the world's two largest economies.
Investors are awaiting US core personal consumption expenditures data, due at 12:30 GMT, for further clarity on the Federal Reserve's monetary policy outlook. Analysts polled by Reuters expect a 0.1% monthly increase and a 2.6% annual increase.
Markets currently expect interest rates to be cut by 63 basis points this year, starting in September.
US President Donald Trump says slowing inflation means the Federal Reserve should cut interest rates, but only two US central bank policymakers have so far indicated they are considering a rate cut at the central bank's July meeting.
Among other precious metals, spot silver fell 0.5% to $36.44 per ounce, platinum fell 2.8% to $1,378.18 after hitting its highest level in nearly 11 years, and palladium rose 0.3% to $1,135.36, its highest level since October 2024. https://economy-news.net/content.php?id=56697
TIDBIT FROM SANDY INGRAM
Sandy Ingram
Iraq is about to pull off something huge. The World Bank just approved a whopping $930 million loan to overhaul Iraq's railways, a move that could reshape not just the country but the whole region...
This isn't just about trains. This is Iraq's shot at becoming the main gateway between the Gulf and Europe. They call it the southern corridor. Some of us may know it as the Development Road Project.
Think of it as a super highway for both cargo and people...This puts the country on the make as a key trade link between continents...Construction kicks off soon...
Planning Reveals The Contents Of The Third Poverty Reduction Strategy
Planning Reveals The Contents Of The Third Poverty Reduction Strategy
Economy | 06/27/2025 Mawazine News - Baghdad - The Ministry of Planning revealed, on Friday, the contents of the third anti-poverty strategy for the years 2026-2030.
Ministry spokesman Abdul Zahra Al-Hindawi said: "The Higher Technical Committee, headed by Deputy Prime Minister and Minister of Planning Mohammed Tamim, approved the third anti-poverty strategy for the years 2026-2030, during its meeting held at the end of last week." He pointed out that "the approved strategy will be submitted to the Council of Ministers for approval in its final and official form, to enter into force from early 2026 until the end of 2030."
He added that "the strategy includes seven main axes, from which more than 38 activities spread across various sectors emerge. These axes focus on supporting the poor and vulnerable groups in the following areas: health, housing, education, income and food, in addition to the care of the elderly and people with disabilities, children and women's empowerment, and dealing with the effects of climate change and confronting emergencies such as epidemics and others."
He pointed out that "the Ministry of Planning has developed general policies, plans, and procedures, while the implementation of activities will be undertaken by relevant sectoral bodies, such as the Ministries of Construction and Housing, Education, Higher Education, Labor and Social Affairs, as well as local governments and the private sector, which is a partner in the Supreme Technical Committee, as well as the Ministry of Health, the General Secretariat of the Council of Ministers, and the Kurdistan Region."
He explained that "the strategy aims to reduce the poverty rate in Iraq by 50% over the next five years, from the current 17.5% to between 8-9%, and if it succeeds in achieving this, it will be considered a major achievement." https://www.mawazin.net/Details.aspx?jimare=263149
WOLVERINE UPDATE: It’s finally happening.
Fri. 27 June 2025 Wolverine
“Guys we are ready. Ready to go. Keep your eyes on the 4th July or earlier.
Keep your eyes on your emails as well.
It’s finally happening. God bless. Your friend and servant. Wolverine” (from his hospital bed.
He just had an operation).
The World Bank Finances The Iraqi Railway Project With $930 Million
The World Bank Finances The Iraqi Railway Project With $930 Million
Local | 12:34 - 06/27/2025 Mawazine News - Baghdad - The Ministry of Transport announced on Friday that it had obtained World Bank approval to finance a $930 million loan to rehabilitate the existing railway line, while pointing to a plan to connect Iraq's railways to the ports of Faw and Umm Qasr, all the way to Turkey.
The Ministry of Transport's media director, Maitham Al-Safi, said, "The maritime railway connection plan that the ministry is working on under the supervision of Transport Minister Razzaq Muhaibis Al-Saadawi, includes linking the existing railways to the Grand Faw and Umm Qasr ports, heading towards the northern regions and reaching Turkey.
" He explained that "the plan represents an integrated government vision for operating the first phase of the Grand Faw Port project, which includes five berths, and completion rates have reached very advanced stages." He pointed out that "this approach contributes to achieving multimodal transport goals, paves the way for connecting Iraq to the European continent and strengthening its role as a regional logistics hub."
He added that “the Development Road Project – Phase One is not limited to linking southern Iraq to its north, but rather serves as the foundation for the Strategic Development Road project, the detailed designs of which have reached advanced stages.” He noted that “the project will provide multiple future connections with Europe, whether via the current road or across its three strategic phases.”
He pointed out that “the strategic dimension of this plan is to transform Iraq into a hub for regional and international transport and trade,” noting that “the negotiations of the assigned government committee, headed by the Minister of Planning and including a team from the Ministry of Transport, with the World Bank resulted in the bank’s approval to finance Iraq with a $930 million loan, allocated to rehabilitating the current railway line and upgrading the technical and administrative capabilities of the General Railways Company.”
He pointed out that “the loan will cover the modernization of the locomotive fleet, the renewal of maintenance workshops, and the development of infrastructure, in addition to providing technical support to enhance the efficiency of institutional performance and modernize railway transport systems within the framework of a comprehensive reform vision.”
He continued, “This project represents a qualitative leap in the transport sector and enhances integration between maritime and railway transport, putting Iraq on the right path to achieving sustainable development and expanding its strategic role in international trade.” https://www.mawazin.net/Details.aspx?jimare=263145
EXCERPTS FROM MARKZ
EXCERPTS FROM MARKZ
MZ: I am hearing multiple rumors of payments in groups and expected release of group payments. If this is accurate- we can throw a party. Trying to vet it right now…along with other rumors.
MZ: There are other rumors – a flurry of them overnight that the Iranian regime has changed. And the Iranian military is now working directly with the US. For now treat it as a rumor until confirmed.
Al-Hakim to US: Iraq won’t fight others’ wars
Shafaq News – Baghdad
Iraqi political leader Ammar al-Hakim said Friday that Baghdad has repeatedly informed the United States of its firm stance against being drawn into regional conflicts, stressing that Iraq seeks peace and will not serve as a proxy in Middle East wars.
Speaking during a speech marking the first day of Muharram (the beginning of the Islamic New Year), al-Hakim, head of Al-Hikma (Wisdom) Movement, stated, “Iraq has conveyed to the US administration multiple times that it is a sovereign state that advocates peace in the region and does not wish to be part of any war or conflict, nor a source of threat to any country.”
He added that Iraq rejects external pressures or mandates that contradict its national will and the interests of its people.
Turning to Iraq’s upcoming parliamentary elections scheduled for November 11, al-Hakim urged Iraqi youth to participate actively, emphasizing that the country “is in urgent need of their engagement.”
He stressed that high voter turnout remains the most effective way to select competent representatives and hold underperforming leaders accountable.
Coffee with MarkZ and Mr. Cottrell . 06/27/2025
Coffee with MarkZ and Mr. Cottrell . 06/27/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: TGIF and Good Morning to everyone
Member: Hopefully Mark and Mr. C will have some very encouraging words for us today.
MZ: I am hearing multiple rumors of payments in groups and expected release of group payments. If this is accurate- we can throw a party. Trying to vet it right now…along with other rumors.
MZ: There are other rumors – a flurry of them overnight that the Iranian regime has changed. And the Iranian military is now working directly with the US. For now treat it as a rumor until confirmed.
MZ: “Al- Aidani oversees the final stages of Iraq’s largest infrastructure project”they are building a new capital city for a region. Including all the infrastructure….this is a huge project.
MZ: “New Iraqi TIR route : a game changer for Europe-GCC logistics” they are talking about the billion dollars Iraq was given by the World bank to expand its rail service which will take some of the traffic off the road system. They now have open routes overland through Iraq from Iraqi ports through Turkey and moving goods directly to Europe.
MZ: This is part of the development road project and its finished ahead of time.
MZ: “New agreement between Baghdad and Erbil to unify customs and tariffs at border crossings” This is one of the biggest sticking points for the HCL and Gas and Oil laws…..We are now seeing it completed….so they can lift the value of their purchasing power.
MZ: This speaks to me of Nesara/Gesara: “ The last of which is 160 million dollars Disclosure of a movement to recover Iraqi funds and real estate” …This could be part of the settlements like Historic bonds….to clean the slate.
Member: any news on the Zim or the bolivar?
MZ: No recent news on either.
Member: July 1st is the start of the US third quarter and when Basel 3 banking laws are supposed to start worldwide…... July 4th is rumored to be a big day…and every Saturday banks close worldwide overnight…..a good time to change rates. Fingers crossed one of those is what we are waiting for.
Member: Thanks Mark and Mods and Mr. C. Everyone enjoy your Friday. God Bless
No podcast tonight
FRANK26: "IQD EXCHANGE RATE TAKE ADVANTAGE OF THIS WINDOW"
KTFA
FRANK26: "IQD EXCHANGE RATE TAKE ADVANTAGE OF THIS WINDOW".....F26
Iraq faces a "golden opportunity" following the regional truce. Will it capitalize on it?
6/25/2025
Following the cessation of the 12-day war between Israel and Iran, Iraq has a "golden opportunity" to assume a pivotal role in the region. It can capitalize on the regional calm to reduce tensions, develop a new vision for its national security, and strengthen international and trade relations. This will have an initial impact on the Iraqi economy, according to observers.
However, translating this calm into real economic gains, according to observers, remains contingent on the Iraqi government's ability to accompany it with radical internal reform that ensures the rule of law and frees economic decision-making from the grip of militias. Otherwise, it will be little more than a truce that deprives Iraq of the opportunity to advance.
positive effects
In this context, the Prime Minister's financial advisor, Mazhar Mohammed Salih, said, "Regional calm in the Middle East, particularly among Iraq's neighbors, could have a direct and profound positive impact on the Iraqi economy."
Saleh explained to Shafaq News Agency, "The Gulf states, Turkey, and Iran may increase their investments in Iraq in the areas of infrastructure, energy, transportation, and agriculture, and provide Iraq with the opportunity for stability, especially to implement its geo-economic project, the 'Development Road' project."
He continued, "In addition to attracting Arab and foreign investments to operate in the industrial economic cities linked to the development project, we are working with minimal risk and the highest degree of stability. All of these factors are linked to the degree of stability in regional security and its repercussions on our country."
He asserts that "the more attractive and stable the investment environment becomes for foreign investors, the more costs will decrease as profit opportunities grow."
Saleh points out that "one of the best foreign investment opportunities, in addition to the development path, is competition for joint investment in natural resource sites (except for the oil and gas industry), as this is a promising vital field for investors."
"golden opportunity"
This is also the view expressed by Hussein Al-Sa'bari, the deputy chairman of the parliamentary investment committee, who said, "The regional situation has calmed down following the cessation of the war between Iran and Israel, and relations between Arab and regional states have become closer. Therefore, the Iraqi government must capitalize on this atmosphere to become a hub and a link between the parties, in order to ensure regional development."
Al-Sa'bari told Shafaq News Agency, "The current situation represents an opportunity for political development and international and commercial relations, which requires Iraq to assume its primary role in the region and capitalize on this golden opportunity."
Economic researcher Ahmed Eid agrees with Hussein Al-Saabari, stating that "the regional de-escalation between Iran and Israel presents an opportunity to reduce tensions in the region, which will initially have a positive impact on the Iraqi economy through reduced insurance and transportation costs, improved market sentiment, and relative stability in the dinar exchange rate. It may also contribute to reducing financial pressures on the general budget and boosting temporary investor confidence."
conditional economic gains
However, Eid noted in an interview with Shafaq News Agency that "translating this calm into real economic gains remains contingent on the Iraqi government's ability to accompany it with effective internal reform. External stability is important, but it cannot compensate for the rampant corruption in all Iraqi state institutions, which devours investment opportunities, paralyzes projects, and undermines the business environment."
He continued, "As for an increase in investments or a reduction in financial risks in Iraq as a result of this calm, yes, relatively speaking, but that depends on two factors: the duration of the stability and the extent to which investors are convinced that this calm is not temporary, and the second is the Iraqi government's ability to keep pace with this calm with internal reforms, such as improving the business environment and reducing security and militia interference."
He explains, "If this is achieved, regional calm could reduce Iraq's credit rating risks, thus encouraging some hesitant Gulf, Turkish, or Iranian investments, and enhancing opportunities for debt refinancing or obtaining international loans at lower interest rates."
strategic opportunities
Eid asserts that "Iraq possesses clear strategic opportunities, represented by expanding trade with neighboring countries (Turkey, Iran, and the Gulf), and attracting investments in renewable energy, particularly from European and Gulf companies that are monitoring the situation."
He added, "As well as reviving postponed projects such as the Basra-Turkey railway line or the Grand Faw Port, and utilizing Iraq as a transit corridor between the Gulf and Europe via the 'Development Road' project, and revitalizing the religious tourism sector and attracting visitors from Iran and the Gulf without security concerns."
Accordingly, Eid says, "External political stability is a necessary condition for attracting capital, but it is insufficient unless accompanied by internal reforms that guarantee the rule of law and free economic decision-making from the grip of armed groups. Any regional calm without radical internal reform will be nothing more than a temporary truce that deprives Iraq of the opportunity to rise."
A New Vision for National Security
The regional truce is not limited to economics, as military expert Alaa Al-Nashou explains, "The region is exposed to rapidly evolving events amid regional and international tensions, which requires Iraq to develop a new vision for its national security."
Al-Nashou explained to Shafaq News Agency, "Countries around the world rely on security capabilities, which include intelligence, accurate information, control, command, information security, facilities, and personnel. All of this enhances the country's national security. Therefore, Iraq needs a security vision related to a balanced foreign policy for the sake of common interests, and a rejection of interference and submission to any state."
The military expert asserts that "Iraq must build a future based on real security foundations that are linked to securing Iraqi society by strengthening cooperation with Arab, regional, and international national security."
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