Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraq’s population hits highest level yet: planning ministry

ERBIL, Kurdistan Region - The population of Iraq has hit its highest figure so far at over 41 million, according to a statement released by the Iraqi planning ministry on Monday based on figures from the end of 2021. Announcing its annual projections of the size of the population in December, including in the Kurdistan Region, the Iraqi Ministry of Planning estimated the total number of people in the country to amount to 41,190,658; a million more than last year, when Iraq’s population hit the 40 million figure for the first time in its one-hundred year history.
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Iraq Approves Framework Agreement to Install Basra-Aqaba Oil Pipeline

The Iraqi cabinet approved the framework agreement for the project to install a pipeline to transfer Iraqi crude oil from Basra to Jordan’s Aqaba port on the Red Sea. Jordanian Minister of Energy and Mineral Resources Saleh Kharabsheh said his Iraqi counterpart Ihsan Abdul Jabbar informed him of the cabinet’s decision in a phone call and commissioned him to complete the procedures to sign the agreement, al-Mamlaka TV reported. Kharabsheh and Abdul Jabbar agreed to direct the technical and legal teams to proceed with the necessary steps to sign the agreement.
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Iraqi Airways’ first Airbus A220-300 landed in Baghdad on 9 January amid government optimism that the airline will soon be able to resume commercial flights to Europe.

The aircraft arrived at Baghdad International airport from Manchester airport in the UK, on a two-legged delivery journey that began at the airframer’s Canadian facility at Mirabel. “The receipt of this newly-made aircraft coincides with a time when Iraqi Airways is very close to resolving the lifting of the European ban on it, which gives it enough space to enter strongly in competition with other carriers,” says Iraq’s transport minister Nasser Hussain Bandar Al-Shibli during a ceremony at Baghdad International airport.
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Dana, Crescent Petroleum announce record Iraq gas production

Dana Gas, the leading publicly-listed regional natural gas company in the Middle East, and its partner, Crescent Petroleum, the oldest private oil and gas company in the region, have reported record sales and gas production from its operations in the Kurdistan Region of Iraq (KRI), which surged to hit 452 million cu ft of gas per day (MMscf/d) at the end of 2021. The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including a bypass project completed in 2020 as well as a debottlenecking programme earlier in 2018.  Together, the process improvements have grown the production by 50% from 305 MMscf/d in 2018, it added.
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World Bank: Global Economic Prospects 2022

Global growth to slow through 2023: New Global Economic Prospects report Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s lat

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Sinan al-Shabibi: Immortalizing the legacy of Iraq’s best. By Yasar Al-Maleki *

In Iraqi folklore, Saturday is both an ominous and auspicious day. Iraqis say it is Awwad —“repetitive” — and hence they prefer to postpone taking important decisions to other days of the week. For many Iraqis this week, the news of Dr. Sinan al-Shabibi’s unfortunate passing on Saturday, Jan. 8 could not have come on a worse day. While the loss of one of Iraq’s last firmly inde

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The Iraqi National Economy

World Bank: Iraq Economic Monitor – The Slippery
Acknowledgments The Iraq Economic Monitor provides an update on key economic developments
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AHK*: BEST PRACTICES AND FAQ FOR DOING BUSINESS
Introduction Greeting Dear Readers, The German Liaison Office for Industry and Commerce
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Iraq’s Development Cocktail: A two-way street passing through
Forward This research work was supported by the German Agency for International
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Oil & Gas Policy

Dana, Crescent Petroleum announce record Iraq gas production
Dana Gas, the leading publicly-listed regional natural gas company in the Middle
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Iraq to invest $3bn a year to switch
Baghdad is most at risk from the global transition to net-zero by
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Iraq aims to boost crude output to 8
Iraq, Opec’s second-largest producer, is in talks with the international oil majors
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The second split: Basrah Medium and the challenge
Introduction   In November 2020, ahead of annual term contract negotiations,1 Iraq’s
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