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Arab influx to Iraqi Kurdistan helps Revive Economy, but …

By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Arab influx to Iraqi Kurdistan helps revive economy but corrupts local culture, critics say Iraqi Kurds are alarmed by the influx of Arabs into their region, fearing they will […]

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Iraq Economic Review: KRG Finances; Iraq’s Real Estate Boom

By Basima Abdulrahman, Rania Baker and Ahmed Tabaqchali, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Economic Review: KRG’s Financial Conundrum | Iraq’s Real Estate Boom […]

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Iraq to have Fastest Growing Economy in Middle East, Central Asia

By John Lee. According to the recently-published World Economic Outlook from the International Monetary Fund (IMF), Iraq’s economy is forecast to grow by 9.3 percent this year, giving it the fastest real GDP growth of all the Middle East and Central Asia countries. The forecast is slightly down from the 9.5 percent projected in the […]

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Iraqi Kurds protest over Economy, Alleged Mismanagement

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurds take to the streets over economy, alleged mismanagement The Kurdistan region of Iraq has been rocked by protests over deteriorating economic conditions and alleged mismanagement by the authorities. Urged by the […]

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Fitch: Iraq’s Fiscal Outperformance May Not Last

By John Lee. Fitch Ratings has said that Iraq’s government debt is set to fall steeply as a share of GDP in 2022, bringing it to pre-Covid-19 pandemic levels. It adds that while this is positive for the sovereign’s creditworthiness, the decline may not be sustainable, as it partly reflects political tensions that have constrained […]

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Central Bank of Iraq: “No Future Plan to change Exchange Rate”

By John Lee. The Central Bank of Iraq (CBI) has said that there is no justification for changing the exchange rate of the Iraqi dinar relative to the US dollar. CBI Deputy Governor, Ammar Khalaf, confirmed to the official Iraqi News Agency (INA) that, “in our belief as a monetary authority, there is no justification […]

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Dust Storms and Climate Change: A Crisis for the Iraqi Economy

Dust Storms and Climate Change: A Crisis for the Iraqi Economy and the Need for Multilateral Solutions This paper highlights the relationship between drought and SDSs, the impact of these storms on Iraq’s rentier economy, and the dangers such conditions represent to the region. The paper calls  for multilateral cooperation among Iraq and its neighbors […]

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Market Review: Supplementary Budget Stabilises the Market

By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Supplementary Budget Stabilises the Market The market, as measured by the Rabee Securities RSISX USD Index, was up 3.4% for the month, and up 5.1% for the […]

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IECG encourages Iraqi Govt to revive Economic Reform Agenda

By John Lee. The United Kingdom and Japan have been chosen to co-chair the Iraq Economic Contact Group (IECG), which met earlier this week. British Ambassador, Mark Bryson-Richardson, commented: “Economic reform and diversification are key to Iraq’s prosperity. “Delighted the UK is now co-chair of the Iraq Economic Contact Group, along with Japan. “Its job […]

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Why Iraq remains without a Budget in place

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Iraq remains without a budget in place Nearly ten months after parliamentary elections, Iraq’s political parties have still not managed to form a government, holding up the passage of important legislation-including the […]

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