Iraq And The United States Confirm A New Phase Of Security Cooperation
November 7, 2025 Baghdad – Al-Zaman Iraq and the United States affirmed on Friday their commitment to establishing a new phase of joint security cooperation between the two countries.
In a statement, Major General Sabah al-Nu’man, spokesman for the Commander-in-Chief of the Armed Forces, said that “high-level Iraqi and American officials held technical consultations in Baghdad regarding the future of bilateral security relations, in line with the Strategic Framework Agreement signed in 2008, and based on the common national security interests of both parties.”
He explained that “both sides renewed their commitment to laying the foundations for a new phase of security cooperation, aimed at enabling federal Iraq to enhance its security and stability, and to achieve tangible benefits for both Iraqis and Americans.”
He added that “officials will continue their consultations during the coming months to strengthen the partnership in the field of combating terrorism and supporting the capabilities of the Iraqi security forces, including the Peshmerga forces, in a way that contributes to preserving Iraq’s sovereignty, defeating terrorism, enhancing regional stability, and strengthening economic ties between the two countries.” LINK
Trade: Moving Towards Activating Export Support Tools And Developing Foreign Trade
Economy | 07:04 – 07/11/2025 Mawazin News – Baghdad: The Ministry of Trade affirmed its commitment to activating export support mechanisms and developing foreign trade, in line with the government’s vision to diversify national income sources, reduce reliance on oil revenues, and enhance the entry of Iraqi products into global markets.
Ministry spokesperson Mohammed Hanoun stated in a press release that “the Export Support Fund represents one of the main financial tools for encouraging Iraqi exporters to enter foreign markets.
” He explained that “the support mechanisms are linked to tangible results, namely increasing the value and diversification of non-oil exports, thereby achieving real economic returns that benefit the national economy.”
He added that “the Ministry is working to activate the insurance aspect of exports in coordination with national insurance companies, with the aim of reducing the risks that exporters may face when dealing with international markets.” He pointed out that “this step will enhance confidence in Iraqi products and increase their competitiveness in regional and global markets.”
Hanoun continued, stating that “revenues from commercial activity have witnessed an increase during the current year, as a result of the increased volume of trade, the development of the business environment, and the expansion of marketing channels both domestically and internationally.”
He emphasized that “the Ministry is continuing to improve regulatory procedures and simplify export and import processes, in accordance with the goals of sustainable economic development.”
He affirmed that “the Ministry of Trade is committed to supporting local exporters and producers, and is working to expand the production base and improve the quality of Iraqi goods to make them competitive in foreign markets, in a manner befitting Iraq’s economic reputation.” https://www.mawazin.net/Details.aspx?jimare=269924
Ministry Of Trade: Export Support Fund Enhances The Entry Of Iraqi Products Into Global Markets
Baratha News Agency1182025-11-07 The Ministry of Trade affirmed on Friday its commitment to activating export support tools and developing foreign trade, within the framework of the government’s vision aimed at diversifying national income sources, reducing dependence on oil revenues, and enhancing the entry of Iraqi products into global markets.
Ministry spokesperson Mohammed Hanoun told the official news agency that “the Export Support Fund represents one of the main financial tools for encouraging Iraqi exporters to enter foreign markets,” explaining that “the support mechanisms are linked to tangible results, namely increasing the value and diversification of non-oil exports, thereby achieving real economic returns that benefit the national economy.”
He added that “the ministry is working to activate the insurance aspect of exports in coordination with national insurance companies, with the aim of reducing the risks that exporters may face while dealing with international markets,” noting that “this step will enhance confidence in Iraqi products and raise their competitiveness in regional and global markets.”
Hanoun continued, “Revenues from commercial activity have witnessed an increase during the current year, as a result of the increase in the volume of trade exchange and the development of the business environment, as well as the expansion of marketing channels internally and externally,” stressing that “the ministry is continuing to improve regulatory procedures and simplify export and import operations, in line with the goals of sustainable economic development.”
He also affirmed that “the Ministry of Trade is committed to supporting local exporters and producers, and is working to expand the production base and improve the quality of Iraqi goods to be competitive in foreign markets, in a manner befitting Iraq’s economic reputation.” https://burathanews.com/arabic/economic/467410
Oil Prices Are Heading For Weekly Losses Of Nearly 2%
economy | 08:26 – 07/11/2025 Mawazin News – Economy Oil prices are headed for a second week of losses despite a slight rise on Friday, weighed down by concerns about oversupply and slowing demand in the United States.
Brent crude futures rose 32 cents to $63.68 a barrel around 8:00 AM on Friday (November 7, 2025).
U.S. West Texas Intermediate crude also rose 32 cents to $59.65 a barrel. Both benchmarks are on track for a weekly decline of about 2%, marking their second consecutive week of losses, as major global producers continue to increase output.
Tony Sycamore, an analyst at IG Markets, told Reuters that the price drop was driven by a surprise 5.2 million barrel increase in U.S. crude inventories, exacerbating concerns about oversupply.
The Energy Information Administration reported on Wednesday that U.S. crude oil stockpiles rose more than expected due to higher imports and reduced refinery activity, while gasoline and distillate inventories declined.
Oil prices are also under pressure from concerns about the broader economic impact of the longest U.S. government shutdown.
On November 2, 2025, the Organization of the Petroleum Exporting Countries and its allies, known as “OPEC+”, decided to slightly increase production in December while temporarily suspending increases for the first quarter of next year for fear of oversupply. https://www.mawazin.net/Details.aspx?jimare=269875
Gold Rises Amid A Weakening Dollar
Friday, November 7, 2025, | Economy Number of views: 287 Baghdad/ NINA /Gold prices rose on Friday amid a weaker dollar, after private sector jobs reports pointed to a weak US labor market, reinforcing expectations of another interest rate cut.
Spot gold climbed 0.4 percent to $3,994.03 an ounce by 0341 GMT, but is on track for a weekly loss of 0.3 percent. The precious metal has fallen by about eight percent since hitting an all-time high of $4,381.21 on October 20.
U.S. gold futures for December delivery rose 0.3 percent to $4,004.40 an ounce.
Among other precious metals, spot silver rose 0.7 percent to $48.31 an ounce, but is on track for a weekly loss of 0.7 percent. Platinum fell 0.4 percent to $1,534.21 and is heading for a weekly decline of about two percent. Palladium rose 0.3 percent to $1,379.33 and is on track for a weekly gain of 0.5 percent. https://ninanews.com/Website/News/Details?key=1260752
Baghdad Airport Enters A Development And Modernization Phase To Keep Pace With International Standards.
November 7, 2025 Baghdad – Sari Tahseen The government has awarded the tender for the rehabilitation and development of Baghdad International Airport to the winning consortium. A statement received by Al-Zaman yesterday said that “Al-Sudani oversaw the signing ceremony for the tender for the development, expansion, and operation of Baghdad International Airport, with the CAIB consortium, led by Corporation of America Airports, winning the bid.”
The statement continued, “The International Finance Corporation (IFC), a member of the World Bank Group, worked for two years on preparing the tender, outlining the requirements for presenting the project to international companies, selecting the best bids, and drafting the public-private partnership contract for the airport’s development and operation.”
Development And Modernization
The statement explained that the development and modernization process includes the construction of a new passenger terminal with a capacity of 9 million passengers annually in the first phase, later increasing to 15 million passengers.
It also includes upgrading runways, installing passenger boarding bridges, constructing a comprehensive building for the Civil Aviation Authority, a modern VIP lounge, a modern parking garage, and upgrading all service systems according to international airport standards. Furthermore, it involves training existing Iraqi staff and creating 1,000 new job opportunities for every additional million passengers with increased capacity.
The Ministry of Planning also confirmed that it is monitoring the progress of investment projects through a new system and indicated that 35 percent of the development plan’s budget has been allocated to investments in the first phase.
Ministry spokesperson Abdul Zahra al-Hindawi stated yesterday that the Ministry of Planning has taken significant steps to monitor private sector projects, aiming to establish streamlined mechanisms for implementing infrastructure projects in general, in accordance with the development gaps identified by the Ministry. He added that these steps include the formation of a Private Sector Development Council.
He further explained that this council will play a role in monitoring the five-year development plan, noting that the plan allocates 35% of its budget to private sector investments, compared to 65% for the public sector, as a first phase.
He continued, stating that the private sector’s share in the development plan will gradually increase, ultimately achieving the full partnership the government seeks to realize.
Al-Hindawi emphasized that this partnership will contribute to creating a positive and attractive investment environment for both domestic and foreign investors.
He added that the Ministry monitors investment projects through an existing database and electronic platform, which contains comprehensive details of all projects implemented by government entities, whether ministries, non-ministerial bodies, or governorates.
He stressed that the monitoring process ensures accurate tracking of project implementation rates and financial expenditures, facilitating the resolution of any challenges encountered. (Projects).
The Chinese Ambassador to Baghdad, Cui Wei, affirmed his country’s commitment to continuing cooperation with Iraq in all fields. Speaking at a press conference yesterday, Wei said that “Iraq and China anticipate a significant increase in trade this year compared to last year, despite the clear decline in oil prices.
” He explained that “there has been an increase in the volume of Chinese imports of Iraqi crude oil, but the financial value is lower due to the drop in oil prices.”
He pointed out that “crude oil is one of Iraq’s most important exports to China, which demonstrates the significant volume of trade between the two countries despite the decline in oil prices.
The Iraqi government has made considerable efforts in economic and urban development and the current stability, and some of these achievements are part of Iraqi-Chinese cooperation.”
He added that “Prime Minister Mohammed Shia’ al-Sudani has made great efforts to cooperate with China, and we appreciate that. The number of Chinese companies operating in Iraq has also witnessed a significant and noticeable increase, in addition to many private companies that came from Beijing to seek information about the situation in Iraq.
We expect to see more Chinese products in the Iraqi market, including cars, one of the reasons for which is the growth of Chinese industries and the decrease in car prices from other manufacturers. China has become the largest and fastest-growing producer and consumer of automobiles.”
Important communication
Regarding the Chinese side’s participation in the Development Road project, the Chinese ambassador affirmed, “We support the Development Road project, and there is important communication between the Iraqi and Chinese sides regarding the implementation of the project.
After the program of this project is clarified, the Chinese side will be actively willing to support this project, which is an integrated route for the Belt and Road Initiative, and we certainly support it because it is an important and advanced Iraqi project.”
He explained that “Iraq is an important partner for China in the Belt and Road Initiative, as cooperation between the two countries in the Belt and Road Initiative has resulted in an increase in the volume of trade and the number of completed projects compared to other Arab countries and the region, and this has placed Iraq in an advanced position in the region within the initiative.” LINK
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