Tag Archives | subsidies

How much will $15bn IMF Loan really cost Iraq?

By Omar Sattar, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On May 19, Iraq signed an agreement with the International Monetary Fund (IMF) for a loan for as much as $15 billion over the next three years. Observers are wondering how Iraq will […]

Protests in Iraq Lead to Electricity Subsidies

Iraqi residents are to receive their first 1,000 kilowatt-hours of electricity each month free of charge, the Ministry of Electricity said on Saturday, according to Reuters. The move follows protests over poor electricity supply and basic services. In the most recent demonstration, hundreds of people gathered in Baghdad on Friday to protest shoddy services and […]

Iraq Govt Spends $95m on Dates

Iraq's Agriculture Minister has allocated 112 billion Iraqi Dinars (IQD) [over $95m] to purchase dates from the local growers. The deputy head of the ministry’s finance and management board told AKnews that the decision is to support and encourage the farmers and boost the agriculture sector. Each ton of first grade dates will be purchased […]