Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraqi PM discusses investment opportunities with US, German delegations

ERBIL, Kurdistan Region - Iraq’s Prime Minister Mohammed Shia’ al-Sudani on Monday held separate meetings with business representatives from the United States and Germany, reaffirming his cabinet’s commitment to creating more investment opportunities in the country. Sudani first met with the head of the US-Iraqi Business Council Steve Lutes, discussing Baghdad-Washington relations in the fields of economy, health, and energy while also stressing the need to strengthen the Strategic Framework Agreement between the two countries.
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Iraqi parliament to vote on budget bill later this week

ERBIL, Kurdistan Region - The Iraqi parliament will convene and vote on the three-year budget bill later this week, the second deputy speaker of the legislature said on Sunday, two months after the Council of Ministers approved the bill.  Iraq’s Council of Ministers in mid-March approved the federal budget bill for the years 2023, 2024, and 2025. Iraq did not have a budget in 2022 because it took a year of negotiations to form a government after October 2021 elections. 
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Iran, Iraq sign agreements to expand energy ties, build oil refineries

The agreements were signed in Baghdad between the energy ministries of the two countries. The Iraqi Oil Ministry announced on Wednesday that Iran and Iraq have agreed to expand energy cooperation and establish a joint body to overlook the developments of the agreement. The announcment came following a meeting between Iraqi Oil Minister Hayyan Abdul Ghanni and Iranian Oil Minister Javad Owji in Baghdad
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Iraq welcomes new agreement to expand energy ties with Iran

As a result of US sanctions, Iraqi payments for Iranian fuel face multiple complications Iran and Iraq signed an agreement on 10 May to expand energy ties and establish a joint office aimed at overlooking cooperation between the two countries, the Iraqi Oil Ministry announced, coming as part of Iranian Oil Minister Javad Owji’s visit to Baghdad. Upon arriving in the Iraqi capital, Owji was received by Prime Minister Mohammed Shia al-Sudani and discussed with him “the overall cooperation between Iraq and Iran, and ways to develop them,” as well as the ability to jointly confront “global economic challenges.”
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Baghdad’s Young People Battle to Build Happier Future – Picture Essay

For a generation of young Iraqis who have grown up knowing only war, life is not easy. Across Baghdad, young adults and teenagers fight to realise their ambitions but many face challenges Stefanie Glinski, Baghdad, Iraq | Friday 12 May Iraq’s capital, Baghdad, is once again vibrant – its markets and streets colourful and busy, its coffee shops filled with crowds of young

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Atlantic Council: Reimagining a way forward: Iraq’s economy and energy sector in the post-invasion era. By Amna Haider and Mahnaz Vahdat

On April 24, 2023, the Atlantic Council’s Iraq Initiative convened a hybrid panel discussion to examine Iraq’s current economic and energy landscape, and their future trajectory. The panel discussed Iraq’s significant progress in rebuilding its economy and energy sectors that have suffered since the 2003 US invasion of the country, despite facing various challenges such as corr

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The Rise and Fall of Kurdish Power in Iraq. By Bilal Wahab*

If the 1991 Gulf War led to the birth of the Kurdistan Regional Government, the US invasion in 2003 propelled it into the future.   At the start of the invasion, Iraqi Kurdistan served as the northern front of the war, elevating the status of the Kurdistan Regional Government (KRG). The destruction of President Saddam Hussein’s Baathist regime buttressed Kurdish righ

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The Iraqi National Economy

Atlantic Council: Reimagining a way forward: Iraq’s economy
On April 24, 2023, the Atlantic Council’s Iraq Initiative convened a hybrid
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20 Years After Liberation, Iraq Needs Root-and-Branch Reform.
The system of government set up after 2003 has run its course.
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Iraq in 2023: Challenges and prospects for peace
17 March 2023 Shivan Fazil and Dr Alaa Tartir Over the past two decades
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Oil & Gas Policy

The economic background of the American decision to
This paper attempts to analyse the reasons that paved the way for
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Smuggling, subsidies and shortages: Iraq’s latest oil troubles.
As global oil prices soar, smugglers are exploiting the lucrative profit margin
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What Could Iraqis Gain from Their Oil Windfall?
Although Iraq stands to gain significant revenues from an oil windfall, urgent
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Energy crisis feared by Europe long a reality
Europe may fear an energy crisis over the coming winter, but for
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