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Tishwash:
Iraq will purchase more than 8 tons of gold during the year 2025
The World Gold Council announced on Wednesday that Iraq purchased more than 8 tons of gold during 2025.
The council said in its latest statistics, which were reviewed by Shafaq News Agency, that Iraq had purchased 8.2 tons of gold up to August 2025, raising its gold reserves to 170.9 tons.
The council added that Iraq bought one ton of gold in March of this year, as well as 1.6 tons in June, 3.1 tons in July, and 2.5 tons in August.
The council pointed out that Iraq came in fourth place among Arab countries in gold reserves, after Saudi Arabia, Lebanon, and Algeria. (LINK)
A high-level delegation of the Federal Financial Supervision Bureau has arrived in Erbil.
A delegation of the Federal Financial Supervision Bureau (FSB) visited Erbil today to audit the revenues and expenditures of the Kurdistan Region.
The visit is part of the implementation of the Iraqi general budget law.
The delegation will stay in the Kurdistan Regional Government (KRG) capital for a while. The team, in collaboration with the KRG Financial Supervision Bureau, will review the lists of revenues and expenditures of the second quarter and the past six months.
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Joint visits and audits are a fundamental mechanism within the three-year Iraqi budget law (2023, 2024, 2025). According to the law, a joint expert committee should be formed from both the regional and federal financial supervision bureaus. The main task of the committee is to prepare seasonal reports on the revenue and expenditure data of the region.
Similar delegations have visited the Kurdistan Region several times before and audited the salary lists of employees and security forces. These steps are seen as part of the KRG’s efforts to demonstrate transparency and compliance with the agreements.
After completion of its work, the committee will prepare a joint report. The report is then submitted to the Kurdistan Regional Council of Ministers and the Federal Iraqi Council of Ministers for final approval. The results of these audits have a direct impact on the fulfillment of financial obligations between the two parties. (LINK)
The Sudanese attends the Iraqi-British Business Council conference held in Basra
Prime Minister Mohammed Shia al-Sudani attended the Iraqi-British Business Council conference held in Basra Governorate. (LINK)
US Embassy in Baghdad: Trump is pushing the Middle East towards an “era of stability and prosperity”
The US Embassy in Baghdad confirmed on Wednesday (December 3, 2025) that US policy in the Middle East during President Donald Trump’s term aims to push the region towards “an era of stability and prosperity,” noting that US investments in Iraq reflect the importance of the partnership between the two countries.
The embassy said in a post followed by “Baghdad Today” that “the United States’ investment in the new consulate in Iraq provides a secure platform to promote Washington’s interests in the region,” considering that this step represents evidence of what “a sovereign, secure and prosperous Iraq can offer its people and America.”
The embassy added that Washington continues to support Iraq’s efforts to achieve stability and development.
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On Wednesday (December 3, 2025), the largest US consulate in the world was opened in Erbil, in the presence of the President of the Kurdistan D********c Party, Masoud Barzani, the President of the Kurdistan Region, Nechirvan Barzani, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, his deputy, Qubad Talabani, and the US Deputy Secretary of State, Michael Regace. (LINK)
Source: Dinar Recaps
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