Thursday, May 21, 2026

AL-ZIDI’S GOVERNMENT WINS THE CONFIDENCE OF THE HOUSE OF REPRESENTATIVES AND TAKES THE CONSTITUTIONAL OATH

AL-ZIDI’S GOVERNMENT WINS THE CONFIDENCE OF THE HOUSE OF REPRESENTATIVES AND TAKES THE CONSTITUTIONAL OATH

The House of Representatives granted confidence to the government of Prime Minister Ali al-Zidi on Thursday during a voting session attended by 270 members of parliament. The Prime Minister and the ministers who were voted on took the constitutional oath, signaling the official start of the new government’s duties.

The House of Representatives voted on 14 out of 23 ministries, namely:

14 ministerial portfolios in Ali al-Zaidi’s government have gained the confidence of parliament, with the remaining appointments postponed until after Eid al-Adha.

1- Voting unanimously for Faleh Al-Sari as Minister of Finance.

2- Voting by an absolute majority on Basim Muhammad Khudair as Minister of Oil.

3- Voting by an absolute majority for Mohammed Nouri Ahmed as Minister of Industry.

4- Voting by an absolute majority for Ali Saad Wahib as Minister of Electricity.

5- Voting by an absolute majority for Abdul-Hussein Aziz as Minister of Health.

6- Voting by an absolute majority for Sarwa Abdulwahid as Minister of Environment.

7- Voting by an absolute majority for Abdul Rahim Jassim as Minister of Agriculture. 

8- Voting by an absolute majority for Mustafa Nizar Jumaa as Minister of Trade.

9- Voting by an absolute majority for Khalid Shawani as Minister of Justice.

10- Voting by an absolute majority on Abdul Karim Abtan as Minister of Education.

11- Voting by an absolute majority to appoint Wahab Salman Mohammed as Minister of Transport.

12- Voting by an absolute majority for Fuad Hussein as Minister of Foreign Affairs.

13- Voting by an absolute majority for Mustafa Jabbar Sand as Minister of Communications.

14- Voting by an absolute majority for Muthanna Ali Mahdi as Minister of Water Resources.

The remaining portfolios are scheduled to be voted on after the Eid al-Adha holiday, and include the ministries of: Interior, Defense, Labor and Social Affairs, Immigration and Displacement, Reconstruction and Housing, Planning, Culture, Education, Youth and Sports, in addition to the deputy prime ministers.


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🇮🇶🚀 Iraq’s Economic Reset: Reform, Stability & Digital Transformation

🇮🇶🚀 Iraq’s Economic Reset: Reform, Stability & Digital Transformation

🏛️ Government & leadership direction

  • 🇮🇶 PM Ali al-Zaidi emphasizes economic reform, financial stability, and anti-corruption
  • 🏦 Strong push to strengthen Iraq’s banking system
  • 🚀 Overall signal: move toward a more stable and structured economy

🤝 Central Bank & Government alignment

  • 🏦 Government and the Central Bank of Iraq working in closer coordination
  • 📊 Focus on:
    • transparency
    • financial discipline
    • institutional stability
  • ⚖️ Stronger cooperation between fiscal and monetary policy

💱 Currency & monetary discussions

  • 💵 Proposal ideas include:
    • potential new currency issuance
    • discussion of 1:1 peg with the US dollar
  • ⏱️ Some claims suggest technical feasibility within months (subject to political agreement)
  • 🚨 Still dependent on high-level policy decisions

📲 Digital government & reforms

  • 💻 Push for digital governance systems (real-time dashboards)
  • 🏗️ Revival of reconstruction funding mechanisms (allocating revenue to national projects)
  • 🧾 Tax reform proposals targeting fairer private sector contributions

📌 Overall outlook

  • 🔄 Iraq positioned in a major reform and restructuring phase
  • 🏦 stronger coordination between institutions
  • 💱 ongoing discussions around currency stability and potential monetary changes
  • 🚧 focus on fighting corruption + improving governance
  • 🚀 narrative points toward modernization and economic stabilization

#Hashtags

#Iraq 🇮🇶 #EconomicReform #FinancialStability #CentralBank #Dinar #BankingSystem #AntiCorruption #DigitalGovernment #EconomicGrowth #MiddleEastFinance 🚀





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Wednesday, May 20, 2026

FRANK26….5-19-26….SUPER BANK

 


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Iraq Political Shock: Al-Sadr Call Sparks Fears of Power Shift Within Coordination Framework

A Najafi source: Al-Sadr's contact with Al-Zaydi constitutes a "shock" within the Coordination Framework forces, and there are fears of support for Al-Hanana.

 

5/18/2026

 

A source in Najaf revealed that the phone call made by the leader of the Shiite National Movement, Muqtada al-Sadr, to Prime Minister Ali al-Zidi constituted a “shock” within the forces of the Coordination Framework, in light of what he described as growing fears about the repercussions of al-Sadr’s support for al-Zidi on the balance of political power.

The source said that al-Sadr’s support for al-Zaydi “will put him in a stronger position against the interventions of some of the cadre leaders,” noting that al-Sadr sees in al-Zaydi “a figure who possesses the necessary determination to correct the course of the political process and save the country,” as he put it.

He added that al-Sadr supports the government's approach to combating corruption, and believes that the current stage requires giving the Prime Minister more space to implement real reforms away from political pressures and partisan rivalries.

The source indicated that the atmosphere of concern within the coordination framework escalated after the contact, amid estimates that any rapprochement between Al-Sadr and Al-Zaydi could redraw political alliances during the next stage.


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🌟 Iraq’s Economic Alignment: Government & Central Bank Working Together 🇮🇶💰

 🌟 Iraq’s Economic Alignment: Government & Central Bank Working Together 🇮🇶💰

  • 🏦 The Central Bank of Iraq (CBI) and the new government are being described as working more closely as a coordinated team focused on national stability.
  • 📊 The main priority is strengthening economic stability, improving transparency, and reinforcing financial discipline across institutions.
  • 🔧 There is a strong emphasis on addressing long-standing issues like corruption and improving governance and accountability.
  • ⚖️ Cooperation between fiscal and monetary authorities is seen as essential for implementing reforms in a structured, credible, and sustainable way.
  • 🚀 Supporters believe this leadership may act more decisively and faster on reforms compared to previous governments, focusing on execution rather than delay.
  • 🇮🇶 The overall narrative suggests stronger state control, institutional coordination, and efforts to stabilize the financial system.

💰 Why this is viewed as positive for the Iraqi dinar (IQD):

  • 📈 Greater coordination between government and the CBI can improve confidence in monetary policy and economic management.
  • 💱 Anti-corruption measures and financial reforms are typically associated with stronger investor trust and improved currency stability.
  • 🏦 A more disciplined banking and fiscal system can support long-term currency credibility and reduce economic uncertainty.
  • 🌍 Increased transparency and reform efforts may help strengthen Iraq’s attractiveness to foreign investment, which supports economic fundamentals.

✨ Overall, the sentiment behind this narrative is that stronger institutional alignment and reform efforts could help create a more stable environment that, over time, may support confidence in the Iraqi dinar.


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Jeff   

 The central bank and the new government are working together as a team. 

 They're trying to create  stability.  The government itself is trying to remove what has been long-term political corruption.  The central bank is noticing that but they have to work together and do this together as a team to make it happen correctly, ethically, fairly, transparency, all that...That's what we're witnessing.

Paulette 

  If al-Zaidi is really the "Trump of Iraq" and plans to MIGA, I expect he will start moving quickly...

I don't expect that he will be like Sudani regarding the Factions.  Sudani was all words and no action...al-Zaidi's government program was approved and so he has not only been given authority to bring the arms in control of the State but he also has an opinion from Zaidan, Sistani and Sadr to do so.  Let's Gooooo!!!


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Why Iraq’s 2026 Trade Boom Demands A Stronger Dinar!!

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Iraq Moves to Boost Sovereign Wealth Funds After Valuing Natural Resources at Over $16 Trillion

Government advisor: Iraq's natural resources are estimated at $16 trillion

 

5/18/2026

 

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, stressed the importance of activating sovereign wealth funds as a strategic tool to revive and diversify the national economy, in conjunction with Iraq’s continued reliance on oil revenues as a primary source of funding for the general budget, and in light of the ongoing fluctuations in oil prices and the financial challenges facing the country.
 
Saleh said in a press statement followed by Al-Furat News that the government program that was recently approved by the House of Representatives indicated the importance of sovereign wealth funds and working to establish a generation fund by investing available unexploited national assets, indicating that estimates indicate that the next stage will be an appropriate opportunity to launch or expand the work of sovereign wealth and investment funds, benefiting from the reinvestment of natural resources that Iraq abounds in,

 as it is one of the richest countries in the world in natural resources and occupies the ninth international ranking in natural resources, whose current market value is estimated at more than 16 trillion US dollars, which allows for the conversion of the returns on investing these resources into financial surpluses and sustainable revenues during the coming years, within the strong economic policy adopted by the current government.

He added that the sovereign wealth fund is not just a "savings account," but rather an investment institution that aims to invest a portion of the state's revenues in productive projects, both domestic and foreign, that generate long-term returns and provide protection for the national economy from future crises and global financial fluctuations. He pointed out that the Iraqi economy still depends almost entirely on oil, and oil revenues constitute the largest share of the general budget, making the country vulnerable to any sharp decline in global prices or geopolitical crises affecting the energy market.

He pointed to the growing importance of sovereign wealth funds in financing vital sectors such as industry, agriculture, renewable energy, infrastructure, transportation and logistics, in addition to technology and communications, as well as supporting the private sector and creating new job opportunities, especially with the growing youth workforce within what is known as the “demographic dividend,” where young people are expected to constitute about 60% of Iraq’s population in the next few years.

He added that the experiences of the Gulf countries, especially Saudi Arabia and the UAE, as well as Norway, can be cited, which, through their sovereign wealth funds, have been able to transform oil surpluses into huge global investments that generate sustainable profits for future generations. He pointed out that Gulf investment funds are among the most prominent regional models that have expanded their investments within their countries and abroad, and have contributed to supporting economic diversification plans and reducing dependence on oil.

Saleh explained that Iraq has moved in recent years to establish the beginnings of development and investment funds aimed at attracting foreign capital and stimulating major projects, in an attempt to create a more stable economic environment. The government has also adopted a policy of providing sovereign guarantees to support private sector projects and investment, a step that may pave the way for expanding the role of investment funds in the future.

He stressed that the success of any sovereign wealth fund in Iraq remains contingent on the existence of an independent management with the highest levels of governance and transparency, because the absence of sound oversight may turn these funds into tools for short-term government spending, instead of being investment institutions that achieve long-term strategic returns.

He explained that improving the investment environment, banking reform, and developing economic legislation are key factors to ensure the success of the Iraqi experience, especially in light of the move towards establishing the “Generations Fund” which was included in the government program and was recently approved by the House of Representatives, in addition to the local market’s need for productive projects capable of driving the economy and reducing dependence on imports.

Saleh concluded by noting that, in light of global economic shifts and the challenges related to energy markets and trade routes, Iraq has a real opportunity to transform its future oil surpluses into a sustainable economic base if they are invested according to a long-term vision focused on development and production. He stressed that the country’s success in building a sovereign wealth fund that is transparent and independent could constitute a pivotal turning point in the Iraqi economy, and open the door to a new phase based on diversifying sources of income and enhancing financial stability for future generations.


LINK


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🇮🇶🚀 New Iraq Government 🇮🇶 focused on reform, stability, stronger banks & dinar value growth 💱🏦📈

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