By Dr. Zeki Fattah, for The Iraqi Economists Network (IEN). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Dutch Disease and Iraq's Foreign Exchange Rate Economists who studied the reasons for the low per capita growth of GDP in developing countries that rely […]
Tag Archives | rentier state
Tags: Central Bank of Iraq (CBI), devaluation, dinar, Dinar Exchange Rate News, Dinar Revaluation News, Dutch Disease, featured, foreign exchange, forex, gdp, IQD, Iraqi Dinar News, Iraqi Economists Network (IEN), mn, re-denomination, re-valuation, Redenomination, rentier state, resource curse, Zeki Fattah
Iraq and Russia Maintain Oil Glut
By John Lee. Iraq and Russia are leading the global surge in oil exports despite a highly competitive market. This has maintained low prices not seen since 2009, with a February settlement for Brent Crude at $56.42 a barrel. Bloomberg reported record export data of 10.6 million barrels a day from Russia and 2.9 million bpd […]
Tags: Brent crude, China, Iraq, Iraq Oil Exports News, Oil and Gas, OPEC, rentier state, Russia, Saudi Arabia, Shale Gas
No Excuse for Excessive Holidays
By Editor on 20th November 2014 in Blog, Employment, Iraq Industry & Trade News, Iraq Oil & Gas News
By Padraig O'Hannelly. A recent report from Al Monitor highlights the shocking number of official and unofficial holidays in Iraq, and the affect that this is having on commercial activity and education. But that's just part of the picture. Due to its plentiful oil reserves, many would consider Iraq to be an example of a […]