35 Iraqi Banks Are Under US Sanctions, And “Marsad” Reveals How They Are Imposed.
Economy 2025-08-06 | Source: Alsumaria News 2,514 views Alsumaria News – Economy The Echo Iraq Observatory, which specializes in economic affairs, revealed on Wednesday that 35 of the 72 banks operating in Iraq are subject to US sanctions.
The observatory stated, in a report received by Sumaria News, that banks operating in Iraq are divided between Iraqi, Arab, and foreign assets, noting thatsanctions imposed by the US Treasury Department on these banks prohibit transactions in dollars.
He explained that the latest bank to be sanctioned was the Baghdad International Bank,
due to a “snitching” by its former managing director. He emphasized that this was done by sending an email to the US Treasury Department, stating the bank’s name, its illegal dollar transactions, and its cooperation with banned entities.
He pointed out that the Central Bank of Iraq responds to these American inquiries, and in the event of a delay or failure to respond, the US Treasury Department will issue sanctions against the bank in question. https://www.alsumaria.tv/news/economy/536199/35-مصرفًا-عراقيًا-تحت-العقوبات-الأمريكية-ومرصد-يكشف-عن-طريقة-فرضها
The Central Bank Of Iraq Confirms The Smooth Operation Of The Bank Of Baghdad.
August 06, 2025 The Central Bank of Iraq confirms that the circulating news about the suspension of dollar transactions at the Bank of Baghdad or the suspension of its foreign exchange reserves for external remittances is false, as the bank operates normally and smoothly in accordance with the instructions and regulations followed by the Central Bank of Iraq.
The Bank of Baghdad is considered one of the solid banks with solvency and soundness, which has made it an important part of the banking sector. https://cbi.iq/news/view/2948
SEE POST “The Central Bank Denies Suspending Dollar Transactions At The Bank Of Baghdad”
https://www.bondladyscorner.com/t227079-the-central-bank-denies-suspending-dollar-transactions-at-the-bank-of-baghdad
The Central Bank Denies Suspending Dollar Transactions At The Bank Of Baghdad
Wednesday, August 6, 2025, 18:18 | Economic Number of readings: 59 Baghdad / NINA / The Central Bank denied, on Wednesday, the suspension of dealing in dollars in the Bank of Baghdad, or the suspension of its foreign reinforcements for external transfers.
The Central Bank confirmed in a statement: “The news circulating about stopping dealing in dollars in the Bank of Baghdad, or the suspension of its foreign reinforcements for external transfers, is false. The bank is operating normally and smoothly in accordance with the instructions and controls followed by the Central Bank of Iraq.”
He explained: “The Bank of Baghdad is one of the solid banks, which made it an important part of the banking sector.” / End https://ninanews.com/Website/News/Details?key=1245025
Oil Minister: Tomorrow We Will Resume Oil Exports Via Ceyhan, Turkey.
Buratha News Agency1702025-08-06 Oil Minister Hayan Abdul Ghani inaugurated a number of oil station development and rehabilitation projects in Kirkuk province on Wednesday, while confirming that today or tomorrow we will resume oil exports via Ceyhan, Turkey. The minister told the official agency, “A number of oil station development and rehabilitation projects have been inaugurated in Kirkuk province,” noting that “today or tomorrow we will resume oil exports via Ceyhan, Turkey, as we will export 80,000 barrels per day as a first phase after the agreement with the region.”
He added, “We were able to increase production at the wet oil station by 25,600 barrels per day,” stressing that “the total capacity of the wet oil station north of Kirkuk has reached 90,000 barrels per day.” https://burathanews.com/arabic/economic/463719
Basra Heavy And Medium Crude Oil Prices Decline
Wednesday, August 6, 2025, 12:39 PM | Economic Number of reads: 171 Baghdad / NINA / Basra crude oil prices fell on Wednesday. Basra Medium crude oil recorded $69.34 per barrel, while Basra Heavy crude oil recorded $66.29 per barrel, with a change of -1.08 for both.
This decline comes despite the rise in global oil prices, as Brent crude rose by 43 cents, or 0.6%, to reach $68.07 per barrel, and US West Texas Intermediate crude rose by 40 cents, or 0.6%, to reach $65.56 per barrel. / End https://ninanews.com/Website/News/Details?key=1244957
The Ministry Of Planning Discusses With A UN Team The Draft Framework For Cooperation On Sustainable Development (2025-2029)
Wednesday, August 6, 2025, | Economic Number of readings: 124 Baghdad / NINA / The International Cooperation Department at the Ministry of Planning held a joint meeting on Wednesday, which included representatives of the Ministry of Foreign Affairs and the United Nations team in Iraq, during which the discussion of the draft “Cooperation Framework” document for sustainable development between Iraq and the United Nations for the years (2025-2029) was completed.
Saher Abdul-Kadhim, Director General of the International Cooperation Department, said that “the meeting is part of a series of previous meetings that discussed the observations raised by both sides, with the aim of reaching a unified vision that reflects the national priorities of the Iraqi government and enhances areas of future cooperation with United Nations agencies.”
He explained that “the current efforts aim to complete the final version of the document, in preparation for its official ratification and presentation for signature by both sides.”
Abdul-Kadhim indicated that “the signing of the document will be based on the decision of the Council of Ministers, which authorized Deputy Prime Minister and Minister of Planning, Mohammed Ali Tamim, to sign on behalf of the Iraqi government.”
He stressed that the “Cooperation Framework” document represents a strategic tool for organizing technical and development cooperation between Iraq and the United Nations, within the country’s sustainable development priorities, and in accordance with a development vision consistent with the National Development Plan 2024-2028 and the 2030 Sustainable Development Agenda./End https://ninanews.com/Website/News/Details?key=1245008
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