Iraq Business News brings you the latest Iraqi politics news, keeping you up to date with the latest information and developments.
By John Lee. Reuters quotes a central bank spokesman as saying that the Islamic Development Bank (IDB) has given its initial agreement to provide $3 billion in easy loans and grants to Iraq. Iraq earlier this month agreed a $5.4 billion standby loan with the International Monetary Fund (IMF) in a deal that could unlock […]
By Simon Kent. Iraq has made another plea to the Jordanian government to send Raghad Hussein, daughter of the late dictator Saddam, to Baghdad and face justice for crimes against humanity. The Iraqi government also accuses Raghad of financing terror, and she has made a number of statements against Iraqi governments since 2003. The terror […]
By Mohammed al Salih for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A deal between two main Iraqi Kurdish political parties, Gorran and the Patriotic Union of Kurdistan (PUK), is expected to increase tensions and lead to further fragmentation and destabilization of Iraqi […]
By John Lee. Reuters reports that Iraq has raised the interest rate its $1.3-billion local bond issue in order to boost sales. The Central Bank (CBI) increased the rate from 6 percent to 8 percent, with the new rate applying to the whole issue regardless of when they were bought. The sales period will remain […]
By John Lee. Central Bank chief Ali al-Allaq has said a possible deal with the International Monetary Fund (IMF) may unlock $15 billion in aid this year and next. He told an interview in Beirut that he expects Iraq to receive $10 billion in assistance from the IMF and World Bank, with a further $5 […]
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. Non-governmental organisations in Iraqi Kurdistan are lobbying for a change in the regional law relating to their work. They say the decades-old law is preventing them from doing their job. […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On the night of April 30, the crowd that stormed the Green Zone gathered in the Great Celebrations Square inside the zone and chanted “Iran Out Out” and “Qasem Soleimani … Sadr is a […]
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. Danger Of Dictatorship: How To Replace Iraq’s Flawed Political System? Iraq’s Parliament has failed its people. This was the message from protestors last week. But what could possibly replace the […]
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. The extremist Islamic State group launched Radio Imam in Mosul late last year, broadcasting calls for holy war and spreading false news. Now the Iraqi army is fighting back with […]
By John Lee. According to a report from Reuters, the Central Bank of Iraq (CBI) has started selling local bonds worth 1.5 trillion Iraqi dinars ($1.29 billion). The first local bonds sale to the public since 2003 is aimed at relieving the government budget deficit caused by falling oil prices and the costs of fighting […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Islamist parties have dominated the Iraqi political scene since the first elections in 2005 after the fall of Saddam Hussein. As a reaction to their long history of being repressed under Saddam's regime — […]
By John Lee. An article this week by The Economist describes Iraq as "the ungovernable country". It says: "The economy, meanwhile, is unravelling. The government gets most of its money from oil sales, but the price of the stuff has collapsed. Parliament passed a budget of 107 trillion dinars ($100 billion) for 2016—and projects a […]
