TNT:
Tishwash: Minister of Finance: We are proceeding with preparing the program budget and modernizing banking systems.
Finance Minister Falih Sari affirmed on Friday the continuation of modernizing banking, tax and customs systems and developing mechanisms for preparing program budgets, while expressing Iraq’s aspiration to benefit from Australian expertise to support development and diversify the economy.
The Ministry of Finance stated in a statement received by Al-Furat News that “the Minister of Finance received the Australian Ambassador to Iraq, Glenn Miles, to discuss ways to strengthen economic relations and expand cooperation in the financial and banking fields between the two countries.”
According to the statement, Sari emphasized “the Ministry’s keenness to develop sound international partnerships and benefit from Australian expertise in supporting sustainable development projects and diversifying the national economy.”
He pointed out that “the ministry is proceeding with updating banking, tax and customs systems, and developing mechanisms for preparing program budgets, in order to enhance the efficiency of financial management and raise the level of institutional performance.”
For his part, the Australian ambassador affirmed his country’s desire to strengthen joint cooperation and exchange experiences, in order to support economic reform efforts and the development of the financial sector in Iraq. link
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Tishwash: Al-Fahdawi: Iraq does not need Gulf loans and its economy is collapsing, but it will recover.
On Thursday, Muhammad al-Fahdawi, a leader in the Azm Alliance, revealed that the Gulf states refused to lend to Iraq due to the lack of political guarantees because of the tense situation in the region resulting from the war with Iran and the closure of the Strait of Hormuz.
Al-Fahdawi told Al-Maalouma News Agency that “the weakness of the country’s financial management is behind its resorting to asking the Gulf states to support it financially, and all data indicates that the Iraqi economy will recover without the need to borrow from the Gulf states, which handed over the management of their countries’ affairs to the Trump administration, and that the economic crisis that the country is going through has not led to the collapse of its economy.”
He added that “the Gulf states stipulated guarantees from Iraq in order to lend to it and provide financial support to rescue its economy, which is burdened with debt due to weak financial management and its inability to address the economic crisis in a well-thought-out manner, away from the improvisations that destroyed the country’s economy.”
He explained that “the lending process is difficult in light of the current circumstances in the region resulting from the Zionist-American aggression against Iran, the closure of the Strait of Hormuz, and the cessation of oil exports outside of Iraq.”
He affirmed that “the Iraqi economy is not suffering from a major financial crisis domestically, but it is experiencing a shortage of liquidity,” ruling out the collapse of the Iraqi economy in the current period. link
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Tishwash: Al-Tamimi: Competent economic advisors are the key to overcoming the financial crisis
Economic researcher Qasim Al-Tamimi explained on Thursday that the government needs high-level economic advisors to get Iraq out of its current crisis, after the decline in oil revenues due to the current situation in the region.
Al-Tamimi told Al-Maalomah, “Prime Minister Ali al-Zubaidi can overcome the current economic crisis in the country by finding highly specialized advisors, far removed from the traditional advisors who have served in successive governments without contributing anything to the Iraqi economy.”
He added, “There is a pressing need for a group of economic advisors who can provide the new government with more solutions to overcome the current crisis.
Therefore, the economic situation in Iraq can be addressed, but it is somewhat difficult.”
He explained that “Iraq is currently suffering from many economic problems due to the decline in oil revenues caused by the current regional crisis and the ongoing military escalation. This necessitates taking decisions that will save Iraq from its crisis without harming the living conditions of its citizens.” link
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Tishwash: Al-Zidi discusses investment opportunities and joint cooperation with Spain
Prime Minister Ali Faleh al-Zaidi discussed on Thursday (June 11, 2026) with the Ambassador of the Kingdom of Spain to Iraq, Alicia Rico Perez, ways to enhance investment opportunities and expand areas of joint cooperation between Baghdad and Madrid in various economic and development sectors.
The Prime Minister’s Media Office stated in a statement received by “Baghdad Today” that “Prime Minister Ali Faleh Al-Zaidi received today the Ambassador of the Kingdom of Spain to Iraq, Alicia Rico Perez.”
The statement added that “Perez conveyed the congratulations of Spanish Prime Minister Pedro Sanchez to Al-Zaidi on gaining the confidence of the House of Representatives and forming the new government, stressing her country’s keenness to strengthen bilateral relations between Iraq and Spain and expand the prospects of joint cooperation in various fields.”
During the meeting, the Prime Minister affirmed, according to the statement, “the depth of the distinguished relations that unite the two countries, and Iraq’s readiness to develop and enhance them, especially in the economic, developmental and investment fields, in a way that serves the common interests of the two friendly peoples.”
He added that “the Spanish ambassador praised the successes achieved by the Iraqi government in strengthening state sovereignty and restricting weapons to its own hands, stressing that these steps contribute to consolidating stability and improving the investment environment, and expressed the desire of Spanish companies to expand their presence and investments in Iraq and participate in the development opportunities that the country is witnessing.” link
Tishwash: Samsung opens its largest branch in Baghdad and launches exceptional offers.
Samsung has opened its largest smartphone branch in the Levant region inside “Iraq Mall” in the capital, Baghdad, in a move the company described as a historic milestone reflecting its confidence in the Iraqi market and its commitment to providing a direct global experience to consumers.
During the opening ceremony, the company confirmed that choosing Iraq to host the largest mobile phone exhibition in the region stems from its belief in the country’s economic potential and its desire to strengthen its presence and expand its services to the Iraqi user.
She explained that the choice of “Mall of Iraq” came as a result of its strategic location in the capital, Baghdad, and the modern and vibrant environment it provides, which is consistent with Samsung’s identity as a leading company in the fields of technology and innovation.
Samsung indicated that the project will contribute to supporting the local economy by providing new job opportunities for Iraqi youth, as well as providing specialized training programs according to the latest global standards in the retail and technology sector, which will contribute to developing the professional skills of workers.
The new showroom offers visitors the opportunity to experience Samsung’s latest smartphones and wearable devices, learn about artificial intelligence technologies and modern features firsthand before purchasing, and receive technical advice from specialized and trained staff.
The branch also provides officially certified after-sales services, with direct warranties and guarantees from Samsung, as well as providing technical support and original spare parts, which enhances the Iraqi consumer’s confidence in the products and services provided.
The company announced the launch of exceptional offers to mark the opening, stressing that the new branch represents the beginning of an ambitious expansion plan aimed at enhancing its presence in various Iraqi governorates and providing the latest technological innovations to users in conjunction with their global launch.
For his part, the regional director of Samsung Electronics Levant, Moataz Al-Aqrabawi, said that the opening of the showroom represents a fundamental turning point in the company’s strategy within Iraq, stressing that Samsung views the challenges as an incentive to continue developing and strengthening its commitment to the Iraqi consumer.
The largest mobile phone exhibition in the Levant
Al-Aqrabawi pointed out that the presence of the largest smartphone exhibition in the Levant region inside Iraq reflects the extent of the confidence that Samsung places in the Iraqi economy, and confirms its desire to provide a direct global experience for users without intermediaries.
He added that the choice of “Mall of Iraq” came after an extensive study of the location, as it represents a modern and advanced destination in the heart of the capital, Baghdad, and provides easy access for customers from different areas, in addition to its modern environment being in harmony with Samsung’s identity based on innovation and modern technologies. link
