PM Mohammed Shia Al-Sudani joined the forum in Salalah, signing 24 MoUs + 2 agreements 🌍📑.
He highlighted:
✨ Big investment opportunities for both countries
🏗️ Role of private sector + gov’t support (laws, reforms, less bureaucracy)
💰 Sovereign guarantees (up to 85% of projects)
🌿 Untapped resources: sulphur & phosphates
📈 Iraq imports $70B yearly → push for reforms & local growth
👉 A new chapter for economic cooperation & development between Iraq & Oman! 🚀
🌊🇮🇶 Iraq Demands More Water from Turkiye and Iran 🌾
Iraq’s Supreme Water Council, led by Prime Minister Mohammed Shia al-Sudani, announced urgent steps to confront the country’s worsening drought.
👉 Baghdad will press Turkiye to release more water into the Tigris and Euphrates, and hold a meeting with Iran on flows from the Karun and Karkheh rivers.
🌱 Key measures include:
Expanding modern irrigation systems 🚰
Promoting water-efficient farming 🌾
Restructuring crop plans to adapt to drought 🌞
Providing financial and technical support for farmers and livestock breeders 🐑
📌 With these actions, Iraq aims to safeguard its water and food security in the face of climate challenges.
The Central Bank of Iraq (CBI) has announced new, stricter regulations on Iraqi dinar circulation to stabilize the currency amid growing demand from businesses and investors. Officials say these measures are part of a broader economic strategy aimed at maintaining the dinar’s value, ensuring financial stability, and boosting public and investor confidence.
Key Actions Include:
Limits on large cash withdrawals to prevent market volatility. 🏦
Stricter reporting requirements for banks and financial institutions, ensuring transparency in currency transactions. 📊
Enhanced monitoring of all currency movements to prevent irregularities and market manipulation. 🔍
Modernization of banking infrastructure, including digital payments and improved foreign exchange mechanisms for faster, secure, and transparent transactions. 💻💰
Why It Matters:
Economists believe these measures could reduce inflationary pressures, encourage local business investment, and attract foreign investors, supporting long-term economic growth. Traders and market experts are closely monitoring the situation, noting that the CBI’s proactive approach reflects a strong commitment to protecting Iraq’s financial system.
Investor Alert: 🌍💹
These actions signal that the Iraqi government is serious about stabilizing the dinar and improving market confidence, making this a critical period for anyone interested in Iraq’s currency or investment opportunities in the region.
Read the full story here 👉 https://globaldinarwatch.blogspot.com/
East Baghdad Success: The first well in the Al-Rasheediyah field for Midland Oil Company is now complete. ✅
Qayara Milestone: Second well delivered for Angola's Sonangol in Nineveh – IDC’s 10th well in the field! 🎯
National Capacity Boost: IDC demonstrates high technical efficiency and strict adherence to timelines, aligning with Iraq’s Ministry of Oil strategy. 💪
Why It Matters: Strengthening Iraq’s drilling capabilities is key for energy independence and market growth. 📈
Read the full story here 👉 https://globaldinarwatch.blogspot.com/
