Iraq Business News brings you the latest Iraqi politics news, keeping you up to date with the latest information and developments.
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The conflicts in Iraq and Syria are becoming increasingly convoluted by the day. Russia's engagement has been an additional complication to the overlapping battles. This international interference is undoubtedly a major challenge to the […]
By John Lee. The International Monetary Fund (IMF) may provide a large loan to Iraq to help stabilize the country's finances, a senior IMF official has told Reuters. Masood Ahmed (pictured), Director of the IMF's Middle East and Central Asia Department, said an IMF team will discuss with Iraqi officials early next month how to […]
By John Lee. Iraq's Cabinet has approved a budget of 106 trillion Iraqi dinars ($91 billion) for 2016. The figures are based on crude oil output of 3.6 million barrels per day (BPD) at a price of $45 a barrel. Spokesman Saad al-Hadithi told The Associated Press that Iraq will run with a deficit of […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Finance Committee of the Iraqi Parliament: The Need for More Accuracy and Better Transparency The Finance Committee of the Iraqi Parliament sent formal communication/ letter (number 738 dated 8 October 2015) […]
By John Lee. Reuters quotes Iraqi Deputy Finance Minister Fathil Nabi as saying that Iraq has abandoned its plan to issue international bonds because the yield it would have to pay was too high. The required return on the bonds reportedly forced Finance minister Hoshiyar Zebari (pictured) to halt the plan to raise up to […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi-Saudi relations are the main key to the problems and solutions of the crises in the Middle East. The rupture and hostility between the two sides helped promote the positions of extremist groups, which […]
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. Setting A Good Example: When It Comes to Reforms, 'Model' Iraqi Kurdish Region Is Lagging Behind Baghdad The crises that caused Iraqi PM Haider al-Abadi to announce serious reforms also […]
By John Lee. On the sidelines of UN General Assembly meetings, foreign affairs minister Dr. Ibrahim Al-Jaafari met Vice President of World Bank for Middle East and North Africa, Mr. Hafez Ghanem. They discussed the World Bank work mechanism and the support that the bank can contribute to reduce the crisis of decline in oil […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Budget 2016 and the Risk of Slipping into the Debt Trap The Ministry of Finance (MoF) prepared the draft budget law for 2016 and submitted it to the Cabinet for deliberation and […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On March 30, a police station in Babil received an anonymous tip about an infant who had been thrown in the garbage. A patrol dispatched to the location found a baby in a cardboard […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A series of protests in the streets of Iraq has been going on since July 15. The protestors demand the improvement of services and the elimination of administrative and financial corruption prevailing in the […]
By John Lee. Bloomberg quotes Iraqi Central Bank Governor Ali Mohsen Ismail (pictured) as saying that Iraq has enough foreign reserves to maintain its currency peg, but didn’t rule out a minor devaluation to shore up government revenue hurt by the slump in oil prices and the war on Islamic State militants. He said reserves […]
