2020 – Page 2 – Iraqi Economists Network

Iraq judicial council calls for prosecuting those who harm the economy

The President of the Supreme Judicial Council of Iraq, judge Faiq Zaidan, yesterday issued a directive to all investigative courts in the country to take legal measures against anyone who causes harm to the economy. Zaidan called on the courts to take legal measures against anyone who harms the national economy, including foreign currency dealers, traders who monopolise food

BY ABBAS KADHIM AND SARA VAKHSHOURI Electricity is a top national security priority for most countries. Thus, access to an uninterrupted flow of low-priced and adequate energy supplies to fuel power generators and sustain the supply of electricity lies at the heart of their energy strategies. On taking office in October 2018, Iraq’s former minister of electricity, Lu

By Farhad Alaaldin, Kenneth M. Pollack A new Iraq crisis is the last thing that U.S. President-elect Joe Biden needs. Unfortunately, it may be the first foreign-policy problem he has to face. Iraq is headed for a financial collapse, and in its current fragile state, fiscal ruin is likely to bring down its rickety political system, which could then ignite yet another round

CALL FOR PROPOSALS The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is a federal enterprise with worldwide operations. GIZ supports the German Government in the field of international cooperation for sustainable development. GIZ is also engaged in international education activities around the globe. Through our work we assist people and societies i

Iraq devalued its currency by almost 20% against the dollar, the most on record, as the cash-strapped government faces an economic crisis brought about by low crude prices and oil-production cuts. The central bank on Saturday reduced the official rate to 1,450 dinar per dollar, the first devaluation since 2003. That’s from about 1,190 previously. Dollars will be resold to loca