With Iraq’s Participation, The Peace Agreement Was Signed In Gaza.
Time: 10/13/2025 19:18:35 Reading: 165 times {International: Al Furat News} The United States, Egypt, Qatar, and Turkey signed the comprehensive document on the Gaza agreement on Monday evening.
The document was signed by US President Donald Trump, his Egyptian counterpart Abdel Fattah el-Sisi, Turkish President Recep Tayyip Erdogan, and Qatari Emir Tamim bin Hamad Al Thani.
The agreement was signed during the Sharm el-Sheikh summit, hosted by Egypt, in the presence of a number of Arab and foreign leaders, including Prime Minister Mohammed Shia al-Sudani.
Before signing, Trump said, “The Sharm el-Sheikh summit is a great day for the Middle East. The document is very comprehensive and will clarify the rules and regulations.”
He added, “Ultimately, we reached a solution to this issue that had lasted for more than 3,000 years. This was perhaps one of the most difficult conflicts in the world.”
The US President stressed that “the Gaza agreement is the largest and most important agreement in the Middle East.”
He explained: “We chose Egypt for a reason, and that is your great assistance. You (Sisi) are a wonderful leader… and you are doing a wonderful job.” LINK
An Economic Expert Warns: The 2026 Budget Faces Major Challenges That Threaten Its Ability To Be Approved.
Time: 2025/10/13 18:39:37 Reading: 135 times {Economic: Al Furat News} Economic expert Abdul Rahman Al Mashhadani warned that the 2026 budget faces significant challenges that could impact its ability to be approved. He attributed the primary reason to the Ministry of Finance’s delay in submitting the budget to the government for discussion on time.
Al-Mashhadani told Furat News, “The fear of not passing the budget is more closely linked to the delay in forming the next government,” noting that “the new parliament will not hold its first session until after January 6, which weakens the possibility of completing the budget on time.”
Al-Mashhadani pointed out that “the struggle over sovereign positions and the premiership could prolong the period required to form a government, rendering the budget potentially useless if these obstacles are not addressed quickly.”
The expert added, “The time required to form a government could range from five to six months or more, increasing the risk of delays and complicating efforts to ratify important financial laws.” LINK
The Dollar Stabilizes In Baghdad And Rises In Erbil.
Stock Exchange The dollar exchange rate stabilized against the dinar on Monday afternoon in Baghdad markets, while it rose slightly in Erbil as the stock exchange closed.
Baghdad Selling price: 142,750 dinars for $100 Purchase price: 140,750 dinars for $100.
Erbil Selling price: 141,550 dinars per $100 Purchase price: 141,500 dinars for $100.
91 views Added 10/13/2025 – 5:16 PM https://economy-news.net/content.php?id=61102
Tax Reform: Tax Deposits Are Liquidated Periodically And Are Only Withdrawn By Government Decision.
Money and Business Economy News – Baghdad The Supreme Committee for Tax Reform confirmed on Monday that tax deposits are liquidated periodically and can only be withdrawn by Cabinet decision. It also indicated that there are no risks associated with tax deposits, thanks to taxpayers’ awareness.
Committee member Khaled Al-Jabri said, “There are no longer any tax deposits withdrawn by employees except by a decision issued by the Council of Ministers.”
Al-Jabri added, “All tax trusts are now liquidated periodically, due to taxpayers’ increased understanding and awareness that these tax trusts can be used to process tax dues or pay other entitlements, such as employee salaries.”
He pointed out that “tax integrity today no longer represents a threat, but has become an effective tool due to increased awareness among taxpayers, as a result of the awareness campaigns launched in the recent period.”
https://economy-news.net/content.php?id=61097
Oil Rises More Than 1% After Sharp Losses
Monday, October 13, 2025 08:40 | Economic Number of readings: 325 Baghdad / NINA / Oil prices recovered some gains on Monday, after hitting their lowest levels in five months in the previous session, as investors hope that potential talks between the presidents of the United States and China will ease trade tensions between the world’s two largest economies and oil consumers.
Brent crude futures rose 87 cents, or 1.39%, to $63.60 a barrel, after settling down 3.82% on Friday to its lowest levels since May 7.
West Texas Intermediate crude, the US intermediate, rose 87 cents, or 1.48%, to $59.77 a barrel, after falling 4.24% to reach its lowest levels since May 7. / End https://ninanews.com/Website/News/Details?key=1256716
Gold Hits New Record High As Trade Tensions Escalate Between Washington And Beijing.
Monday, October 13, 2025 09:11 | Economics Number of readings: 323 Baghdad / NINA / Gold recorded a new record jump on Monday morning, driven by increased demand for safe havens amid escalating trade tensions between the United States and China, and growing expectations of a rate cut by the US Federal Reserve. At the same time, silver prices rose to their highest levels ever.
The price of spot gold rose 0.7% to reach $4,044.29 per ounce by 02:53 GMT, after reaching a record high of $4,059.30 earlier in the session. US gold futures for December delivery also rose 1.6% to $4,062.50, according to Reuters.
This rise came after US President Donald Trump threatened on Friday to impose additional 100% tariffs on Chinese imports, along with new restrictions on the export of vital software, which will take effect on November 1, in response to Chinese restrictions imposed on the export of rare earth minerals and related equipment.
Meanwhile, silver prices jumped 2% to a record high of $51.52 an ounce, driven by the same factors that supported gold, along with tight supply in the spot market.
In other precious metals markets, platinum rose 2.6% to $1,628.80, and palladium rose by the same amount to $1,442.06. /End https://ninanews.com/Website/News/Details?key=1256736
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