By Simon Kent. Iraqi Central Bank Governor Ali Al-Alak has said that Iraq is issuing bonds to the value of around $2 billion in the next few months, following last year's aborted issuance after investors demanded too high a yield. At the time, investors demanded an 11% yield on the bonds, and the issuance was handled […]
Tag Archives | Economy
Tags: bonds, Citigroup, Debt, Deficit, Deutsche Bank, Economy, featured, IMF, Iraq, JP Morgan Chase, World Bank
Former Vice President Slams Iraq's Economic Policy
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Adil Abdul-Mahdi, the former Iraqi vice president who resigned from his post, vehemently criticized Iraq’s economic policy, describing it as a failure. Abdul-Mahdi warned that tampering with the balances of nature […]
Tags: Economy
It’s the rentier economy, stupid!
The protests in Iraq, while obviously inspired by those in other Arab countries, have a different focus. The latter have been primarily about politics. In Iraq the protestors’ demands center on economic problems. They want more jobs and electricity and less corruption. Due to its natural resource endowment, Iraq is an example of what political […]
Economist: Iraq Lacks Plan to Develop Industry
An Iraqi economist blamed the high unemployment rate in the country on the government’s failure to develop the industries and reduce food imports, according to a report from AKnews. “The Iraqi government has failed significantly to rescue Iraq from being the main country in the region in terms of consumption of imported foods. There is […]
Diversifying Iraq’s economy a mission impossible
By DeWeaver on 15th June 2010 in Iraq Banking & Finance News, Mark DeWeaver on Investments and Finance
Iraqi GDP growth remains at the mercy of the oil markets, with the economy growing 10.3% in 2008, slowing to 4.3% last year in the wake of the crash, and now expected to rebound to 7% this year as prices have recovered (according to the central bank’s latest forecast). This state of affairs has led […]