Dinar on Sale for $975 (shipped)!!

FedEx shipping included (CONUS only) with purchase – ONLY $975 per million. If you would like to buy (or sell) Dinar, please call 615-509-6256 (or text) or e-mail us at DinarUpdates@icloud.com

Political complications delay the appointment of ministers… and the candidates have not yet reached Al-Zaydi.

A parliamentary source revealed on Thursday the depth of the disagreements among political blocs regarding the selection of candidates for the vacant ministerial posts in the cabinet, confirming that the Prime Minister has not yet received the official lists of nominees.

The source told Al-Maalomah that “the disagreements and discussions among the political forces regarding the vacant ministerial portfolios remain complex and have not reached a resolution,” explaining that “this impasse has prevented the names of the nominees from being sent to the Prime Minister.”

The source added that “completing the cabinet has become an urgent necessity to confront the security, financial, and economic challenges and crises facing the country,” calling on “the State Administration Coalition to hold an urgent meeting and intensify its dialogues to reach final agreements and resolve this issue as quickly as possible.” EconomicForecasting Services

Almaalomah.me

Iraq signs $500 million in contracts in July, with oil and gas projects leading the way.

Iraq recorded contracts worth a total of $500 million in the oil and gas sector during July, according to data reported by the specialized magazine MEED, making it one of the most prominent countries in the region that witnessed the awarding of new projects, at a time when the value of contracts awarded in the Middle East and North Africa region declined to $20.4 billion, compared to $26.2 billion in June. SubscribingTo News

The magazine explained that Iraq recorded two contracts with a total value of $500 million in the oil and gas sector, most notably a contract awarded to Al-Kout Towers Oil Services Company by Basra Gas Company, to implement the low-pressure gas investment project at the sixth gas compression station in the West Qurna-1 field.

At the regional level, the UAE topped the list of countries in terms of the value of contracts awarded during July, with a total of $10.9 billion, driven mainly by deals related to the gas cap and surface pressure enhancement project in the Umm Shaif field in Abu Dhabi, with a value of approximately $6.2 billion.

Egypt came in second with a total of $6.6 billion in contracts, while the value of contracts awarded in Saudi Arabia amounted to $1.9 billion, compared to $9.9 billion in June.

According to MEED, the transport and gas sectors accounted for the largest share of contracts signed in the region during the month, with a value of $6.7 billion and $6.5 billion respectively.

Recent Iraqi contracts indicate a continued focus on new investments in the energy sector, particularly associated gas investment projects, reflecting steps taken to increase the utilization of gas resources and reduce waste, in support of the country’s electricity supply.

Shafaq.com

Iraqi security forces announce the recovery of more than 93 billion dinars for the state treasury in six months.

The official spokesman for the National Security Service, Arshad al-Hakim, announced on Thursday the return of more than 93 billion dinars to the state treasury, and the seizure of $14 million and 12 billion dinars, which were deposited with the Central Bank of Iraq during the first half of 2026. DinarCurrency Exchange

The governor stated in a press conference attended by a correspondent from Shafaq News Agency that 40 accused members and leaders of one of the fronts of the banned Baath Party had been arrested, and two formations whose members were planning to target political and security figures and monitor sensitive security sites had been dismantled.

He pointed to the handling of 754 cyberattacks and 2,740 accounts that threatened social peace within the technical and cyber effort of the agency, revealing the dismantling of a network for manipulating land files in Muthanna and the arrest of 61 defendants, and the uncovering of more than 90 forged files and transactions and the waste of public money estimated at about two billion dinars.

Shafaq.com

Bank deposits in Iraq declined by 5.6% during the first half of 2026

Economic data issued by the Central Bank of Iraq showed a decline in total deposits in the banking system during the first half of 2026, coinciding with a decrease in cash credit, indicating a continued contraction in banking activity compared to the levels recorded in previous years. DailyNews Subscription

According to data seen by Shafaq News Agency, total deposits at the end of June 2026 amounted to about 104.875 trillion dinars, down from 111.065 trillion dinars at the end of 2025, a decrease of 6.19 trillion dinars, or 5.6%.

Total deposits had recorded 123.327 trillion dinars at the end of 2024, and 133.499 trillion dinars at the end of 2023, showing a continuous downward trend in the volume of bank deposits during recent years.

According to the details, private sector deposits amounted to 49.964 trillion dinars at the end of June 2026, while central government deposits amounted to 31.426 trillion dinars, and public institutions’ deposits amounted to 23.485 trillion dinars.

On the credit side, the data showed a decline in total cash credit to 71.511 trillion dinars at the end of June 2026, compared to 75.584 trillion dinars at the end of 2025, a decrease of 4.073 trillion dinars, or 5.4%.

Credit provided to the private sector amounted to 46.687 trillion dinars by the end of the same period, while credit provided to the central government amounted to 22.419 trillion dinars, and credit provided to public institutions amounted to 2.405 trillion dinars.

Shafaq.com

The spokesman for the Commander-in-Chief: We have not seen any rejection from the factions regarding the restriction of weapons.

The spokesman for the Commander-in-Chief of the Iraqi Armed Forces confirmed on Thursday that there was no “rejection” by the factions to implement the decision to restrict weapons to the state, noting that the dialogues on this issue had “come a long way”.

Major General Sabah al-Nu’man told Shafaq News Agency that talks regarding restricting weapons to the state are ongoing, stressing that “we have not seen any rejection from the factions” regarding the issue. SubscribingTo Digital Newspaper Outlets

He noted that the assigned central committee had made significant progress in these dialogues.

Al-Nu’man explained that the government will work to expedite the conclusion of the dialogues in order to reach a stage where “there are no weapons outside the state”.

He added that a group of weapons is being classified, and storage facilities have been allocated for them, along with a database of affiliates.

The media director of the Popular Mobilization Forces, Muhannad al-Aqabi, had previously indicated that the disengagement procedures were continuing, especially with “Asa’ib Ahl al-Haq” and “Saraya al-Salam”.

The issue of armed factions is one of the most sensitive issues facing the Iraqi government, with the approach of September 30, which the main political forces have set as the deadline for restricting weapons to official institutions.

The State Administration Coalition, which includes the most prominent Shiite, Sunni and Kurdish political forces, stressed during its meeting on August 5 the need to restrict weapons to the state, and considered the parties that carry out activities that threaten the security of the country outside the framework of official institutions as “outlaws and must be fought.”

The coalition warned that any armed activity outside the framework of the state after September 30 would be dealt with according to the anti-terrorism law.

The September 30th date also coincides with the deadlines related to ending the military presence of the international coalition in Iraq, which some factions use as a basis for linking the future of their weapons to the withdrawal of foreign forces.

Shafaq.com

A federal parliamentary committee hosts the Minister of Natural Resources in Kurdistan to discuss the oil file.

On Thursday, the Oil, Gas and Natural Resources Committee of the Iraqi Parliament held a meeting during which it hosted the Minister of Natural Resources in the Kurdistan Region to discuss a number of issues related to the oil sector in the region.

Committee member Mohammed Ali Al-Nuaimi told Shafaq News Agency that “the meeting discussed the reality and mechanisms of managing and marketing oil products in the Kurdistan Region, as well as reviewing the most prominent challenges facing this file, and exploring ways to organize it in a way that achieves the public interest.” DailyNews Subscription

He added that “those gathered also discussed the draft oil and gas law, and stressed the importance of reaching solutions and legislation that regulate the management of the country’s oil wealth, in accordance with the provisions of the constitution and promotes sound management of natural resources, in order to achieve the national interest and guarantee the rights of all Iraqis.”

On Wednesday, Siban Shirwani, a member of the Oil, Gas and Natural Resources Committee in the Iraqi Parliament, revealed that there is a tripartite agreement between the federal government, the Kurdistan Regional Government and foreign companies operating in the region, stipulating that 50,000 barrels per day of crude oil produced will be allocated to meet the region’s needs for fuels and oil derivatives.

Shirwani said in a press conference held after the committee’s meeting with the federal oil minister, which was followed by Shafaq News Agency, that “the committee decided to host on Thursday the Minister of Natural Resources in the Kurdistan Region, to discuss the realistic implementation of the agreement and securing the rights of citizens in the region to oil products.”

He added that “the Federal Minister of Oil or his representative, along with the Minister of Resources in Kurdistan or his representative, must attend to directly examine the reasons for the sharp rise in gasoline and fuel prices in the region and find solutions to address them.”

The Kurdistan Region in general, and the governorates of Erbil and Duhok in particular, have been experiencing a severe gasoline shortage since the middle of last month, with the material running out at most gas stations, despite the Kurdistan Regional Government’s decision to reduce prices. This has caused a decrease in supply and long queues of vehicles in front of the operating stations.

Shafaq.com

The Central Bank of Iraq reveals the amount of local currency in circulation.

Data from the Central Bank of Iraq’s economic indicators revealed on Tuesday that the total currency issued by the bank in the markets rose to 111.189 trillion dinars by the end of June 2026, compared to 99.799 trillion dinars at the end of 2025, an increase of about 11.4 trillion dinars.

According to data seen by Shafaq News Agency, net currency outside banks reached 101.966 trillion dinars at the end of last June, compared to 92.560 trillion dinars at the end of 2025, an increase of about 9.4 trillion dinars.

In contrast, the currency held by banks rose to 9.223 trillion dinars at the end of last June, compared to 7.239 trillion dinars at the end of 2025, an increase of about 1.98 trillion dinars.

The data indicates that currency outside banks constituted about 91.7% of the total currency issued at the end of June, while the share of currency held in bank vaults amounted to about 8.3%, reflecting the continued heavy reliance of the Iraqi economy on cash transactions outside the banking system.

Shafaq.com

Government approval to revive Iraq’s oldest oil refinery… Al-Karawi reveals the details

The head of the Diyala Provincial Council, Omar al-Karawi, revealed on Tuesday that the government has approved a study for the revival of the Alwand refinery, one of the oldest oil refineries in Iraq, located in the northeastern part of the province.
Al-Karawi explained to Al-Maalomah that “the Diyala Council submitted a request to the government months ago to revive and reconstruct the Alwand refinery, which is one of the oldest oil refineries in Iraq. It was established in the late 1920s as a first phase, before developing over more than half a century. It was then dismantled and shut down in the early 1980s.”

He added that “after the refinery’s closure, Diyala became dependent on the production of refineries in Kirkuk and Baghdad to meet its needs for various types of fuel, especially vehicle fuel.” He indicated that “the government has officially agreed to study the request and form a technical and engineering committee within the Ministry of Oil to evaluate the project and determine its feasibility.”

Al-Karawi pointed out that “there are producing oil fields that could provide a suitable route for establishing the refinery, especially since its reactivation would provide high production capacity and large quantities of fuel not only for Diyala, but also for neighboring governorates, including Wasit, Baghdad, and Salah al-Din.”

He affirmed that “the factors for the refinery project’s success are available, and it is hoped that the technical and engineering committee will finalize its options in the coming months, pending the final decision regarding the revival of the Al-Wand refinery project.” ExploringMiddle Eastern Cultural Goods

Almaalomah.me

MP: Iran allowing Iraq to export oil enhances chances of overcoming the financial crisis

MP Hamid Mohammed, from the National Approach bloc, affirmed on Tuesday that Iran’s permission for Iraq to export oil through the Strait of Hormuz would alleviate the severity of the financial and economic crisis the country is experiencing, given its heavy reliance on oil revenues.
Mohammed told Al-Maalouma that “allowing Iraq to export oil through the Strait of Hormuz represents an important step in maintaining the flow of oil revenues, which constitute the primary source of the state treasury.” He explained that “the continuation of exports will contribute to strengthening financial resources and providing the necessary liquidity to cover government obligations.”
He added that “Iraq faces financial and economic challenges that make the stability of oil exports extremely important,” noting that “increasing the flow of oil revenues will support the government’s ability to overcome part of the current crisis and stimulate the economy.”
Mohammed clarified that “the continuation of oil exports through this route would positively impact the economic situation by supporting public revenues and enhancing the state’s ability to finance its expenditures and financial obligations,” calling for “capitalizing on this opportunity and working to ensure the smooth flow of oil exports.”
Earlier, shipping data showed that Iraqi oil continued to move through waterways, with tankers carrying Iraqi crude from Basra passing through the Strait of Hormuz and into the Red Sea. Arabs& Middle Easterners

Almaalomah.me