Iraq Business News brings you the latest Iraqi politics news, keeping you up to date with the latest information and developments.
Iraqi Interior Minister Qasim al-Araji (pictured) has said that Saudi Prince Mohammad bin-Salman has "officially asked Iraq to act as a mediator between Tehran and Riyadh to reduce tensions." According to a news agency report, Al-Araji made the remarks at a joint press conference with his Iranian counterpart Abdolreza Rahmani-Fazli in Tehran. Referring to his […]
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 […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. It has been said before. But this time it may well be true: Iraq’s next elections will be the most crucial in the country since 2003. The last elections were […]
By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran and the Kurdistan Regional Government (KRG) have become entangled in a war of words as the referendum on Iraqi Kurdistan’s independence nears. Both sides are now making veiled threats, which — if they […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Islamic State (IS) issued many decrees when it took over Mosul in 2014, including one that banned barbers. As one might imagine, with the recent liberation of the […]
By John Lee. Iraq opened the books yesterday on its first independent bond sale in a decade. "Investor demand was huge," writese Marcus Ashworth at Bloomberg. "The deal was seven times oversubscribed." The $1-billion, dollar-denominated bond, maturing in March 2023, was expected yield 7 percent, but demand enabled that to be cut to 6.75 percent. […]
Kurdistan Region Prime Minister Nechirvan Barzani received Mr. Abu Magsoud Forhad, Bangladesh's Ambassador to Iraq. Ambassador Forhad discussed his government’s intention to open in Erbil an office of his country’s Iraq embassy. Discussing the situation of the Bangladeshi nationals, resident in Iraq and Kurdistan Region, he said opening of embassy’s office in Erbil will facilitate […]
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 […]
The Executive Board of the International Monetary Fund (IMF) has completed the second review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term. The completion of the second review allows the authorities to draw the equivalent of SDR 584.2 million (about […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. With the Islamic State of Iraq and the Levant (ISIL) group defeated by government forces in northern Iraq, the question of Kurdish independence could pose a new problem in the country. Tensions have […]
By Ali Hashem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The war for Mosul has come to an end; the city is freed and the Islamic State (IS) is out. But the reverberations of the monthslong battle will likely impact Iraq as a nation […]
By John Lee. The Financial Times reports that Iraq has appointed Citi, Deutsche Bank and JP Morgan as joint bookrunners for a new five-year government bond. The issue is described as a dollar-denominated, long-dated, benchmark-scale bond; investor meetings scheduled over the coming days. In January, Iraq raised $1 billion of five-year bonds, guaranteed by the US, […]
