Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraq discusses oil sector development with KBR

Baghdad (IraqiNews.com) – As part of its post-war recovery efforts to improve its capacity for producing oil and gas, Iraq is actively negotiating strategically with the US-based firm KBR to develop its oil fields. This action highlights Iraq’s desire to revive its hydrocarbon industry by attracting global investment.
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Iraqi PM inaugurates two fertilizer factories in Basra

Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, inaugurated on Saturday two fertilizer factories in Basra, in southern Iraq. During his visit to Basra governorate, Al-Sudani opened a urea fertilizer factory and a di-ammonium phosphate (DAP) fertilizer factory, according to a statement released by the Prime Minister’s Office (PMO).
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Iraqi ports achieve over 65 billion dinars in one month

Baghdad (IraqiNews.com) – The General Company for Ports of Iraq (GCPI) announced on Sunday that its revenues during February surpassed 65 billion dinars. The Director of the GCPI, Farhan Al-Fartousi, said that high rates of container and cargo handling, both imported and exported, were seen in Iraqi ports, Shafaq News reported.
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COI recovers billions of dinars, jewelry from convicted officials

Baghdad (IraqiNews.com) – The Iraqi Commission of Integrity (COI) declared on Sunday that it had retrieved gold jewelry, hundreds of thousands of US dollars, and billions of dinars from government officials found guilty in financial corruption cases. The head COI, Haidar Hanoun, said in a press conference that $1.63 million had been recovered from Raad Qasim Muhammad Ali, who is convicted of illicit gain, according to Shafaq News.
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Iraq: Staff Concluding Statement of the 2024 IMF Article IV Mission

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussion

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The Iraqi National Economy

After decades of turmoil, can Iraq now dream
Iraq has struggled to attract FDI over the past two decades. Now,
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Iraq: Staff Concluding Statement of the 2024 IMF
A Concluding Statement describes the preliminary findings of IMF staff at the
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Taking Advantage of a Window of Opportunity in
By outlining a strategy for the Mutually Beneficial Joint Development and Monetization
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Oil & Gas Policy

Taking Advantage of a Window of Opportunity in
By outlining a strategy for the Mutually Beneficial Joint Development and Monetization
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Why Iraq’s oil tanker ambitions have not
Shipping is one of many sectors where Iraq is still playing catch-up
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Turkmenistan Eyes Lucrative Gas Deal With Iraq
By Eurasianet – Oct 14, 2023, 10:00 AM CDT   Turkmenistan is in discussions
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Can Iraq Finally Become A Global Petrochemicals Powerhouse?
With its vast oil and gas resources, there is no fundamental reason
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