Iraq - There Has Been Progress

By John Lee.

A couple of weeks ago, the former British Prime Minister Tony Blair addressed the Iraq Britain Business Council’s 4th London Conference on the theme: “Iraq: The Road To Success?”

Mr Blair will always be associated with Iraq, positively or negatively, depending on ones view, and he has a keen understanding of the country.

In his speech, he pointed to several encouraging economic metrics:

  • The economy of 2012 is several times the size of ten years ago;
  • Growth this year will be 9% and Iraq is set to be one of the fastest growing economies in the world over the next decade;
  • A Government worker is paid now, on average, around 4 times what he was ten years ago in real terms;
  • Oil revenue now stands at $100 billion per annum and is set to treble by 2020.

But also, Mr Blair did not shy away from addressing such problems as corruption and bureaucracy in Iraq.

"There has also been progress", he said. "It is important not to exaggerate it; equally important not to ignore it."


Due to the increasing importance of healthcare to Iraq's development, Iraq Business News has now added a new Healthcare tab to our list, which will include information on hospitals, clinics, and related services. We hope you find it useful.


2 Responses to Iraq - There Has Been Progress

  1. Mohammad 15th November 2012 at 16:41 #

    Wonder if you have a tab for tender notices as I do see tender notice frequently posted on your site ?

  2. Mohammad 15th November 2012 at 16:43 #

    Now that I have opened my eyes ,I do see a tab for tender notices on your site, sorry and excuse me for jumping the gun.