IMF Staff Completes 2019 Article IV Mission on Iraq An International Monetary Fund (IMF) team led by Gavin Gray visited Amman from April 26 to May 2, to hold discussions with the Iraqi authorities in the context of the 2019 Article IV Consultation. At the end of the visit, Mr. Gray made the following statement: […]
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The Challenges Facing the New Government
By Dr. Layth Mahdi. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Challenges Facing the New Government: The End of Iraq or Its Revival The liberation of Iraq has given the country freedom; however this democracy has transformed into chaos with the spread […]
Iraq’s GDP to Grow 4.1%
By Editor on 13th December 2018 in Construction & Engineering In Iraq, Investment, Iraq Industry & Trade News, Iraq Oil & Gas News, Politics
By John Lee. GDP growth in Iraq is expected to hit 4.1 percent in 2019, up from 2.8 percent this year, acccording to data from Moody’s. The gain is based on an expectation of oil prices averaging $75 per barrel, and would be the highest level since 2016’s 13.1 percent expansion. The National quotes the […]
Economy to Grow 1.5% in 2018, 4.5% in 2019
By John Lee. The Iraqi economy is forecast to grow 1.5 percent in 2018, according to a report from BMI Research, a unit of rating agency Fitch. It goes on to predict that the economy will jump 4.5 percent in 2019 as a result of reconstruction efforts. (Source: MENAFN)
“It’s Not the Donations, Stupid”: Key Points from Kuwait Conference
By Editor on 22nd February 2018 in Ahmed Tabaqchali, Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ‘It’s Not the Donations, Stupid’: Key Points from the Kuwait Conference With a few exceptions, the coverage of the “Kuwait International Conference for the […]
Tags: AFC Iraq Fund, Ahmed Tabaqchali, Asia Frontier Capital (AFC), FDI, featured, gdp, International Monetary Fund (IMF), Iraq Budget News, Kuwait International Conference of Iraq Reconstruction and Development, reconstruction, World Bank
IMF: “Iraq is Facing a Double Shock”
By Editor on 14th August 2017 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News, Iraq Public Works News, Politics, Security
On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with Iraq. Iraq is facing a double shock arising from the conflict with ISIS and the plunge in oil prices. In 2016, real GDP increased by 11 percent owing to a 25 percent increase in oil production, which was […]
Sharp Recovery in Non-Oil GDP Predicted
By John Lee. The International Monetary Fund (IMF) has predicted average growth of 3.1 percent annually in Iraq’s non-oil real GDP until the end of 2022. This compares to an average fall of 7.2 percent per annum from 2014 to 2016, following the insurgency by the Islamic State group (IS, ISIS, ISIL, Daesh). It also […]
Tags: caliphate, Daesh, dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, gdp, Growth, International Monetary Fund (IMF), IQD, Iraqi Dinar News, ISIL, ISIS, Islamic State, re-denomination, re-valuation, Redenomination, terrorism
IMF Revises Down GDP Forecast
By John Lee. The International Monetary Fund (IMF) has revised down its forecast GDP growth for Iraq from 0.5 per cent to a contraction of 3.1 per cent this year, due to the oil production cuts agreed within OPEC. Forecasts for 2018 and 2019 are 2.6 percent and 1.6 percent growth respectively. Consumer price inflation […]
Statement at the End of an IMF Mission on Iraq
Statement at the End of an IMF Mission on Iraq: In 2016, real GDP growth was sustained at 11% supported by a large increase in oil output that benefitted from past oil investments In 2017, economic activity is expected to remain muted due to a 1.5% contraction in oil production and only a tepid recovery […]
Improving Agriculture, Employment and Peace
By Dr. Layth Mahdi. Prior to the 2003 Iraq had adopted an agricultural policy based on the financial, administrative, technical and technological support from the government for the development of the agricultural and industrial sectors. This policy led to the domestic production to provide 75% of the food requirement and a GDP contribution of 7.5%. […]
How can a Tech Sector Contribute to Iraq’s Economy?
By Hal Miran, Editor-in-Chief, Bite.Tech. Tech has grown in prominence as a key sector in global economic health. It is now commonly accepted that an economy in which entrepreneurs have the freedom and resources to create and innovate tend to perform much more robustly. Intriguingly, one study on the effect of tech on a country’s […]
Tags: bite.tech, Egypt, Employment, Entrepreneurship, featured, gdp, Jordan, Kenya, Lebanon, MSMEs, Saudi Arabia, SMEs, United Kingdom, United States
Iraq Oil Economy Grows, Non-Oil Shrinks
By Editor on 16th July 2016 in Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
By John Lee. The Iraq Mission Chief for the International Monetary Fund (IMF) has said Iraq’s oil sector grew by 13 percent in 2015 and by more than 20 percent during the first five months of 2016. This contrasts with the fortunes of the non-oil economy, which contracted by 19 percent in 2015 and is […]