Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Reconstruction at Baghdad’s Nisour Square aims to ease traffic jams

Baghdad (IraqiNews.com) – Iraqi Prime Minister, Mohammed Shia Al-Sudani, inspected on Wednesday night the work progress of the Nisour Square development project. The project aims to tackle traffic congestion in the capital, Baghdad, according to a statement released by the Prime Minister’s Office (PMO)
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China’s Tsingshan to set up iron industrial complex in Basra

Baghdad (IraqiNews.com) – Tsingshan Holding Group, a Chinese private company active in the stainless steel and nickel industries, will set up an industrial complex in the southern Iraqi governorate of Basra to produce iron using direct reduced iron (DRI), also called sponge iron.
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EBRD welcomes Iraq as its latest member

Iraq has become the EBRD’s 74th shareholder   Iraq has expressed interest in applying for recipient country status  Iraq now included in the Bank’s southern and eastern Mediterranean region   Iraq has become the latest member of the European Bank for Reconstruction and Development (EBRD), bringing its total number of shareholders to 74.  
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OPEC+ agrees to deepen voluntary oil output cuts

Summary OPEC+ announces no new group cut target for 2024 Instead members led by Saudi Arabia to make voluntary cuts Saudi to roll over 1 million bpd cut into Q1 Russia to cut 500,000 bpd OPEC+ invites Brazil to join
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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 after decades of conflict. To this end, the Iraqi Oil Tankers Company (IOTC) recently added a new oil products tanker to its small fleet. Its vessels mostly operate within Iraqi waters, shuttling heavy fuel oil from two ports in the south of the country. The Sumer, a medium range ship with 31,000 deadwe

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Inadequate and inequitable: water scarcity and displacement in Iraq

Iraq’s climate is changing faster than people can adapt. With each passing summer, new records are logged: record high temperatures, record low water levels. Between May and October, the heat scorches all that is dead and sears everything that lives. During the day, the sun forces people inside; in the evening, the heat lingers in cities that feel like the inside of a hair d

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Russia – Iraq 2023/24 Trade and Development. By Farzad Ramezani Bonesh

Overall bilateral trade fundamentals are increasing despite sanctions  The cultural and economic connection between Mesopotamia and Russia goes back to centuries before the Middle Ages. But in the contemporary era, Soviet-Iraq relations were established in September 1944. Despite the ups and downs of 1955 and the restoration of relations in 1958, Baghdad became one of the

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The Iraqi National Economy

Russia – Iraq 2023/24 Trade and Development. By
Overall bilateral trade fundamentals are increasing despite sanctions  The cultural and economic
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Russia and Iraq: The 2023/24 Trade and Investment
Trade and investment connections between Russia and Iraq have a long and
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Buoyed by Political Stability Gains, Robust Federal Budget,
Structural Reforms Key to Meeting Rapidly Growing Population’s Needs With long-overdue financial
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Oil & Gas Policy

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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Iraq export pipeline closure wreaks havoc on Kurdish
Losses resulting from shutdown of conduit to Turkey estimated at more than
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