Expert: Iraq Needs A US Envoy To Address Current Circumstances And Regional Crises
Time: 10/24/2025 11:22:44 Reading: 135 times {Security: Al Furat News} Security expert Fadel Abu Raghif confirmed on Friday that Iraq needs an American envoy, similar to other countries that send their own envoys.
Abu Raghif added in a statement to Al Furat News Agency that “the United States has great influence in the region and holds the primary role in changing the balance of power in the Middle East.”
He explained that Iraq is currently going through dire circumstances, including the holding of elections and their results, political transformation, and democratic transition.
He also pointed out that “the expected war on Iran and the worsening situation in Syria, Gaza, and Iran are all factors that make the presence of an American representative necessary and important for the purpose of managing dealing with matters.”
The security expert pointed out that among these issues that need to be discussed are the economic aspect that has affected Iraqi banks and the placement of Iraqi figures on the terrorist list. He expressed his belief that this envoy may understand some of the problems and reconsider them again.
US President Donald Trump’s appointment of the 40-year-old Iraqi businessman, Mark Savaya, as a special envoy to Iraq represents an exciting turning point in the bilateral relationship.
This decision has sparked widespread discussion in Iraqi political and security circles, as it is viewed as an indication of a new American trend towards directly dealing with the Iraqi issue, away from the usual diplomatic channels. Observers believe that Savaya’s business background, political allegiance, and Iraqi roots provide him with a flexible approach to the complex Iraqi landscape.
Envoy Savaya, a Chaldean Christian businessman and CEO of medical cannabis companies, has been praised by Trump for his role in his campaign and his understanding of bilateral relations. LINK
Undersecretary of the Ministry of Oil from Doha: Iraq plays a pivotal role in the oil, gas, and energy sectors at the regional and global levels.
Friday, October 24, 2025, 15:59 | Politics Number of readings: 140 Baghdad / NINA / The Ministry of Oil confirmed, on Friday, that Iraq has very large oil and gas resources.
The Ministry of Oil stated in a statement that “Undersecretary of the Ministry of Oil for Gas Affairs, Izzat Sabir Ismail, headed the Iraqi delegation participating in the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF), which was held in the Qatari capital, Doha, on Thursday, October 23, 2025,” noting that “the conference witnessed the election of Philippe Mshlabila from Nigeria as the new Secretary-General of the Forum, succeeding Algerian Mohamed Hamel, who has held the position since 2022. It was also agreed to hold the next ministerial meeting in Russia in 2026.”
During his speech at the conference, according to the statement, the Undersecretary stressed “Iraq’s keenness to enhance cooperation and communication with the member states of the Forum, which contributes to the stability of the global gas market,” noting that “Iraq plays a pivotal role in the oil, gas and energy sectors at the regional and global levels.”
He explained that “Iraq possesses very large oil and gas resources that qualify it to be one of the main players in the international energy market,” stressing “the Iraqi government’s ongoing efforts to develop free gas fields and invest in gas associated with oil production through major strategic projects aimed at expanding liquefaction, storage and export capabilities, and transforming Iraq into a regional energy hub.”
The Undersecretary pointed out that “Iraq is working to develop complementary industries to the gas sector, including petrochemicals, fertilizers and electricity generation, with the aim of maximizing the added value of national wealth and achieving sustainable economic development,” adding that “Iraq is moving steadily towards more sustainable paths, by adopting modern technologies to reduce emissions and expanding investment in renewable energy projects such as solar and wind energy.” /End https://ninanews.com/Website/News/Details?key=1258543
Iraq Unveils Roadmap In Cooperation With US Company To Manage And Finance Development Roadmap
Local Nasser Al-Asadi, Advisor to the Prime Minister for Transport Affairs, confirmed on Friday that the Iraqi government, in cooperation with the global company Oliver Wyman, has developed a comprehensive roadmap for managing and financing the Development Road Project.
He explained that the project is based on a dual financing system that combines direct government funding and foreign investment. He also pointed out that the volume of expected investments is very large and that international confidence in the project reflects Iraq’s position as a new hub for regional development.
Al-Asadi said, “The Iraqi government, in cooperation with the global company Oliver Wyman, has developed a comprehensive roadmap for managing and financing the Development Road project, with the aim of enhancing economic sustainability and attracting major international investments.” He noted that “the project is based on a dual financing system that combines direct government funding and foreign investment in its various phases.”
He added, “The volume of investment expected in the Development Road project is very large. Looking at the map of investment opportunities, we find that these opportunities have multiple specializations.
Therefore, we have enlisted the help of specialists in managing and sustaining these opportunities, utilizing global technology and international expertise, and adopting a new culture that will introduce a modern concept to investment management in the Iraqi private sector.”
He added, “The economic and strategic consultant, Oliver Wyman, has developed a comprehensive roadmap to analyze investment opportunities and present them in a way that makes them the focus of attention of global investors, through accurate studies that reveal the elements of implementation within Iraq or along the path of development in general.”
He explained, “This professional framework has attracted significant global interest because the project name has now become a global trademark associated with promising investment opportunities in transportation, services, and the logistics economy.”
He explained that “the government did not leave the planning task to any non-specialized entity, but rather contracted with an international consultant to ensure alignment of visions with the international financial and economic sectors and to enhance the local economy’s ability to integrate with the global economy, making the development path a starting point for a new, more diversified and sustainable Iraqi economy.”
Regarding financing mechanisms, Al-Asadi pointed out that “our financing is based on two axes: the underground infrastructure axis, and the above-ground infrastructure axis that moves on it.”
He explained that “the infrastructure is owned by the Iraqi government, and therefore investment in it will be entirely government-owned. A special budget has already been allocated for the project over five years to cover the work on this axis.”
He added, “Investment in the components above the infrastructure represents the most important pillar of financing, and includes moving units (trains), the road, and the industrial and economic cities located along the route, in addition to operations and accompanying services.”
He explained that “the actual partners in the project currently are Iraq and three regional countries, while the Sultanate of Oman has submitted an official request to join the development path, and other countries are currently being negotiated with to join this path,” noting that “this reflects international confidence in the project and in Iraq as a new hub for regional development.” https://economy-news.net/content.php?id=61534
Gold Prices Rise Due To Escalating Trade Tensions Between The US And China.
Economy | 09:17 – 10/24/2025 Mawazine News – Follow-up Gold prices rose on Friday, supported by ongoing geopolitical concerns and trade tensions between the United States and China, as investors awaited key US inflation data due later in the day for further clues on the path of interest rates.
Spot gold rose 0.3 percent to $4,138.52 per ounce by 0120 GMT.
However, the precious metal is on track for its worst week since May, having fallen about 2.7 percent so far this week.
US gold futures for December delivery rose 0.2 percent to $4,152.30 per ounce, according to Reuters.
US President Donald Trump imposed Ukraine-related sanctions on Russian oil companies Lukoil and Rosneft, the toughest measures Washington has taken against Russian businesses during the conflict with Ukraine.
The White House said Trump will meet Chinese President Xi Jinping next week as part of a tour of Asia.
Investors are almost entirely expecting a 25 basis point interest rate cut at the Federal Reserve’s meeting next week.
Gold typically rises when interest rates are low because they reduce the opportunity cost of holding the non-yielding precious metal.
Among other precious metals, spot silver fell 0.3 percent to $48.76 an ounce, platinum rose 0.6 percent to $1,635.59, and palladium fell 0.3 percent to $1,453.16. https://www.mawazin.net/Details.aspx?jimare=269010
Oil Prices Fell Marginally Amid US Sanctions On Russia
Economy | 09:22 – 10/24/2025 Mawazine News – Follow-up: Oil prices fell in early trading on Friday, paring some of the previous session’s significant gains, but were still on track for solid weekly gains amid growing supply concerns after the United States imposed new sanctions on two leading Russian oil companies over the war in Ukraine.
Brent crude futures were down 17 cents, or 0.3%, at $65.82 a barrel by 00:24 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 17 cents, or 0.3%, at $61.62 a barrel.
Both benchmarks jumped more than 5% on Thursday and were on track for weekly gains of nearly 7%, their largest since mid-June, buoyed by concerns about shrinking Russian supplies and continued geopolitical tensions affecting global energy markets. https://www.mawazin.net/Details.aspx?jimare=269011
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