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The Central Bank sends a message to depositors of Al-Taif Bank: Withdrawals will be gradual and organized.

On Tuesday, the Central Bank of Iraq reassured depositors of Al-Taif Islamic Bank that their financial rights are protected, stressing that imposing guardianship on the bank comes within supervisory and preventive measures aimed at protecting depositors’ funds.

The Central Bank stated in a statement received by Shafaq News Agency that “the rights of depositors of Al-Taif Islamic Bank are preserved,” explaining that “imposing guardianship on the bank is a preventive supervisory measure aimed at protecting depositors’ funds and preserving their rights, and ensuring the stability and continuity of banking operations in accordance with applicable regulations and instructions.” Financialnews alerts

He added that “the bank is working in coordination with the appointed trustee to take the necessary measures to enhance its liquidity and regulate withdrawal operations and fulfill its financial obligations in a gradual and organized manner, in a way that ensures these operations are managed in accordance with the approved supervisory priorities.”

He pointed out that the procedures will prioritize the salaries of employees whose accounts are held at the bank, within a plan to regulate withdrawal operations and fulfill financial obligations, stressing that the measures taken come within the framework of his supervisory responsibility aimed at protecting the rights of depositors and enhancing confidence in the banking sector.

It is worth noting that Al-Taif Islamic Bank announced last Sunday that it would soon hand over the funds of its depositors, after the Central Bank of Iraq began taking over its administration.

A number of depositors demonstrated in front of Al-Taif Islamic Bank in the Karrada district of Baghdad on Sunday to protest the freezing of banking services and the suspension of withdrawal and deposit operations, following measures taken by the Central Bank of Iraq against the bank.

The Central Bank of Iraq had decided to place Al-Taif Islamic Bank for Investment and Finance under guardianship for 18 months, due to violations that it said affected the bank’s financial position and depositors’ funds.

The Central Bank confirmed later yesterday that imposing guardianship does not mean the bank is bankrupt, but rather comes within precautionary supervisory measures aimed at protecting the rights of depositors, noting that depositors’ funds are protected under applicable laws and regulations.

Shafaq.com

Al-Amshani: The American withdrawal will bring large and reputable companies into Iraq.

MP Sakr Al-Amshani, from the Sadiqun bloc, confirmed on Tuesday that the American withdrawal from Iraq will contribute to strengthening the investment environment and opening the way for large and reputable companies to enter the country, within the agreements and guarantees put in place by the government. Iraqeconomic analysis

Al-Amshani told Al-Maalouma News Agency that “companies will enter Iraq in greater numbers after the American withdrawal, as indicated by the Prime Minister, especially since the government has put in place guarantees to protect investments and companies operating in the country.”

He added that “the American withdrawal represents an important step towards strengthening Iraq’s sovereignty, and it may open up broader horizons for international companies to enter into economic and investment projects, away from any concerns related to the foreign military presence.”

Al-Amshani pointed out that “the Ministry of Defense has developed a plan to develop defense systems and arm the Iraqi army, which will enhance its capabilities to protect the country and deal with security challenges, especially since the file of defending Iraqi sovereignty, airspace and borders represents a fundamental national responsibility.”

He explained that “strengthening Iraqi defense capabilities in conjunction with the American withdrawal will give security and military institutions greater ability to manage security matters and will enhance Iraq’s independence in protecting its airspace, borders, and sovereignty.”

Almaalomah.me

Al-Nasiri: An American veto is behind the delay in completing Al-Zidi’s cabinet.

Bilal al-Nasiri, a member of the State of Law Coalition, confirmed the existence of an American veto preventing the completion of the government cabinet. He pointed out that the political blocs have submitted their candidates to the Prime Minister to fill the vacant ministerial positions.

Al-Nasiri told Al-Maalouma, “The State of Law Coalition is striving to finalize the cabinet and ensure a vote on the candidates for the vacant ministerial portfolios in al-Zaidi’s government in order to alleviate the burden on ministers who are currently managing other positions in an acting capacity.”

He added, “There are those who link the completion of the government cabinet to the issue of the resistance’s weapons, as this matter will become subject to political bargaining driven by a foreign agenda against Iraq’s interests.”

He explained that “the Prime Minister has received the names of the candidates from the political blocs to complete his cabinet, and there is no longer any internal excuse preventing the filling of the vacant positions, except for what is being said about an American veto that Washington has placed in the way of completing the government, stipulating that the al-Zaidi cabinet be finalized in exchange for addressing the issue of the resistance’s weapons.” Iraqeconomic analysis

Almaalomah.me

The 2027 budget is at the mercy of fluctuations… Borrowing and grants are alternatives to bridge the funding gap.

In a move revealing a strategic shift in the management of the country’s finances, the outlines of a new phase are beginning to take shape within the corridors of economic decision-making in Iraq. This phase is based on rearranging funding priorities and bridging financial gaps through alternative mechanisms. The governmental and legislative compass is now directly pointing towards adopting a law on internal and external borrowing, alongside activating the grants and donations portfolio, as key tools for managing current obligations.

This financial shift is inseparable from a broader and more forward-looking movement; behind-the-scenes efforts are accelerating to prepare a draft budget for 2027 well in advance. These intensive moves aim to put an end to haphazard spending policies and define a clear structural path for public spending, while securing sustainable funding sources capable of withstanding the fluctuations of global markets, thus ensuring the formulation of a clear financial roadmap for the coming years.

In this context, economic expert Dr. Safwan Qusay explained the nature and form of next year’s budget in the event of continued tension and escalation in the region due to the American-led war against Iran.

Qusay told Al-Maalomah that “the 2026 budget will be replaced by a law governing internal and external borrowing, grants, and donations, while efforts are underway to prepare the 2027 budget with the aim of establishing a clear path for public spending and funding sources.”

He added that “there are multiple assumptions regarding next year’s budget, with everyone hoping that the existing disputes and tensions in the region related to the Strait of Hormuz will be resolved before October 15th, given that Iraq relies on oil revenues collected from its southern ports for 90 percent of its income.”

He explained that “if the tensions persist and the problem remains unresolved, Iraq will move towards spending governed by permanent laws, with the necessity of bolstering the revenues of government units so they can finance themselves independently of the Ministry of Finance.”

For his part, economist Abdul Rahman al-Mashhadani asserted that the government will be unable to finalize and implement the 2027 budget given the ongoing regional tensions, the US aggression against Iran, and the continued closure of the Strait of Hormuz. He explained that the plans and programs developed by the Ministry of Finance will become mere “ink on paper” without sufficient financial resources.

Al-Mashhadani told the Al-Maalomah news agency, “The government has set an estimated price of $60 to $70 per barrel of oil for next year, a figure that is difficult to rely on given the war, low export rates, and the fact that oil is being sold at the port.”
He added, “The initial estimates for the total budget amount to 150 trillion dinars, of which 135 trillion will go to the operational budget (salaries and daily expenses), and a meager 15 trillion dinars to the investment budget, thus deepening the financial deficit to dangerous levels.”

Al-Mashhadani explained that “these challenges and others will be the primary obstacle to finalizing the 2027 budget.” He also pointed out that “the crisis coincides with a frightening decline in the reserves of the Central Bank of Iraq as a result of its continued sale of foreign currency to the private sector to finance imports, without any corresponding compensatory dollar inflows.” He revealed that “what has recently reached the Central Bank has not exceeded one billion dollars.” Financialmarket updates

Almaalomah.me

Iraqi factions have made their decision: sovereignty in exchange for weapons.

On Tuesday, armed factions in Iraq affirmed that the issue of restricting weapons cannot be separated from achieving full sovereignty for Iraq, while considering that the September 30th deadline represents a test of the seriousness of the United States and the international coalition in implementing their commitments to the Iraqi government. Dailynews subscription

The spokesman for the Sayyid al-Shuhada Brigades, Kazem al-Fartousi, told Shafaq News Agency that the issue of restricting weapons was discussed through a committee formed from the coordination framework and another from the resistance factions, indicating that the discussions witnessed the determination of priorities regarding this issue.

Al-Fartousi explained that “the principle put forward by the factions, which cannot be divided or negotiated, is that this weapon is in exchange for sovereignty,” stressing that they will not give up the weapon unless there is full sovereignty in the country.

He added that this requires protecting the Iraqi people, land, and skies, as well as national gains, in addition to protecting political decision-making and economic independence, noting that the ten demands put forward by the factions are “national and concern all of Iraq from north to south.”

He explained that these demands are not related to the interests of the resistance factions, but rather represent, in his words: “a definition of sovereignty, an expression of it, and how to achieve full sovereignty for this nation.”

Regarding the government’s ability to respond to these demands, Al-Fartousi pointed out that “part of these demands are included in the government program,” stressing that the issue is not only about whether the government responds or not, but is related to “where Iraq’s interest lies.”

He pointed out that the Iraqi government represents the executive administration of the Iraqi people and the country’s interest, while the coordinating framework, as the owner of the principle and political action, bears the responsibility of considering, establishing and engineering the work of the government.

Regarding the date of September 30, and whether it represents a date for resolving the issue of restricting weapons, Al-Fartousi explained that there is “confusion about dates,” and that this is the date of the withdrawal of coalition forces from Iraq.

According to him, this date represents “the first test of the seriousness of the Trump administration and the coalition in implementing their commitments to the Iraqi government,” noting that “after September 30, the discussion will begin about the issue of weapons, their presence and use.”

Al-Fartousi concluded his remarks by saying that some of the issues raised “need time,” while other issues “only need a political decision and do not need much time.”

Sources revealed two days ago that a preliminary agreement had been reached to hold a meeting that would include official government military and security parties, along with leaders from the coordination framework, representatives of the Popular Mobilization Forces, and representatives of armed factions, to discuss the mechanism for restricting weapons to the state, before the deadline of September 30, before it was postponed due to the absence of the Al-Nujaba Movement.

According to the sources, the meeting “does not mean reaching a final agreement on the mechanism for restricting weapons,” but rather comes within the framework of efforts to calm tensions and prevent any possible escalation, and to try to reach solutions and understandings regarding the process of restricting weapons.

A source told Shafaq News Agency last Sunday that the armed factions will not hand over their weapons on September 30, while also mentioning the second option being discussed in the negotiations, which is to regulate or freeze the weapons.

Two weeks ago, the coordination framework formed a tripartite committee comprising Mohammed Shia al-Sudani, Nouri al-Maliki, and Hadi al-Amiri, in order to contain the repercussions of restricting weapons to the state, especially after the media escalation and scaremongering witnessed in the Iraqi arena regarding this issue.

Over the past few days, the tripartite committee has held many dialogues and discussions with the factions concerned with the issue of restricting weapons.

It is worth noting that the state’s monopoly on weapons does not have the consensus of the Iraqi factions, as the Al-Nujaba Movement, Kataib Hezbollah, Kataib Sayyid al-Shuhada and other factions announced their refusal to give up their military capabilities on September 30, the date set by the Iraqi government, which coincides with the end of the international coalition’s military presence in Iraq, as these factions link the future of their weapons to the withdrawal of foreign forces.

The State Administration Coalition, which includes the most prominent Shiite, Sunni and Kurdish political forces in Iraq, had warned that any armed activity outside the framework of the state after September 30 would be dealt with according to the anti-terrorism law.

Shafaq.com

From 40 to 42 years old… Parliament completes amendment to the Internal Security Forces Service and Retirement Law

On Tuesday, the Parliamentary Committee on Security and Defense completed the draft of the second amendment to the Internal Security Forces Service and Retirement Law. Dailynews subscription

Committee member MP Othman Al-Shaibani said in a statement to Shafaq News Agency that the age for optional retirement will be from 40 to 42 years, provided that the actual service is not less than 15 years.

Al-Shaibani added that the Retirement Authority objected to the Ministry of Interior employees going into voluntary retirement due to the lack of financial allocations, explaining that the committee intervened to resolve the issue, and that the first reading of the draft law will be during the current legislative session.

He indicated that the Parliamentary Security and Defense Committee will host all the first-line leaders of the various security agencies, including the Interior Minister of the Kurdistan Region, to assess the readiness of the Iraqi armed forces and security agencies, especially after September 30 and the withdrawal of US forces from Iraq.

Al-Shaibani pointed out that the committee is directly monitoring the application and admission process at the Higher Institute, the Police College, and the Commissioners Institute affiliated with the Ministry of Interior, to ensure that admission procedures proceed according to clear and transparent standards, and away from exceptions and favoritism.

Shafaq.com

Workers at the West Qurna 2 oil field are protesting and threatening a strike that could endanger oil production in Basra.

Dozens of engineering, technical and administrative staff working at the West Qurna 2 field in Basra Governorate, in the far south of Iraq, demonstrated on Tuesday to demand the settlement of their contractual status and the disbursement of their financial dues, warning that they would resort to a general strike if their demands were not met within a week. Financialnews alerts

The protest representative, Mashreq Abdul-Munim, told Shafaq News Agency that the protesters are demanding the signing of legal employment contracts that guarantee their rights, similar to the previous contracts in place with the Russian company Lukoil, as well as the disbursement of all financial dues owed by the Basra Oil Company without delay or procrastination.

Abdul-Munim explained that the Basra Oil Company and the consortium of operating companies were informed of the requests and the deadline letter, noting that failure to reach solutions would cause an immediate halt to production and export operations within the field.

He added that the field’s current production is about 324,000 barrels per day, while exported quantities reach about 347,000 barrels per day, stressing that the continuation of the crisis without addressing it could put one of the most prominent producing fields in the country in front of major repercussions.

Shafaq.com

With an increase of one ton, Iraq strengthens its gold reserves and continues its global progress.

Data from the World Gold Council for August 2026 showed that Iraq maintained its position among the world’s largest gold holders, with an increase in its holdings compared to its last data. Financialnews alerts

According to data seen by Shafaq News Agency, Iraq’s gold reserves amounted to 175.6 tons, ranking it 28th globally, with gold constituting about 24.8% of its total reserves. The latest data for Iraq dates back to May 2026.

Compared to previous data, Iraq’s holdings increased from 174.6 tons to 175.6 tons, an increase of one ton.

Iraq comes in third place in the Arab world in terms of gold holdings, after Saudi Arabia, which has 323.1 tons, and Algeria, with 173.6 tons.

Globally, the United States topped the list with reserves of 8,133.5 tons, followed by Germany with 3,349.5 tons, then the International Monetary Fund with 2,814 tons, Italy with 2,451.8 tons, and France with 2,437 tons.

Shafaq.com

Al-Hakim: The date for the withdrawal of the international coalition remains unchanged, and the security of Kurdistan is part of the security of Iraq.

The head of the National State Forces Alliance, Ammar al-Hakim, confirmed on Tuesday that the agreement on the withdrawal of the US-led international coalition forces against ISIS from Iraq will come into effect at the end of September. Dailynews subscription

Al-Hakim told reporters on the sidelines of his visit to Dohuk province that this withdrawal “is a message of Iraqi recovery, revealing that the country has managed to overcome terrorism with the help of international and regional partners and primarily through the efforts and sacrifices of its people.”

Regarding the bombing that the Kurdistan Region was subjected to during the escalation of security tensions in the Middle East region, Al-Hakim stressed that the security and safety of the Kurdistan Region is an integral part of the security and safety of Iraq in general, adding: “We are very keen to keep away any targeting that affects all Iraqi lands, including Kurdistan, and we have known in the past and will work in the future to spare Iraq any consequences or targeting from any party.”

Shafaq.com