Iraq adopts 2018 budget, slashing allocations for Kurds

BAGHDAD: Iraq's parliament on Saturday (Mar 3) adopted an US$88.5 billion budget for 2018, with Kurdish lawmakers boycotting the vote to protest against a cut in the amount allocated to their autonomous region. The reduction comes after a controversial independence reference by the Kurds last year sparked a furious dispute with the central government. The budget is based on

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UAE-Iraq trade touches $7 billion in 2016

Total value of two-way trade between the UAE and Iraq stood at nearly Dh26 billion ($7 billion) in 2016, making Iraq one of the key export markets for UAE, with re-exports accounting for Dh12.3 billion of the total value of trade, said the Federation of UAE Chambers of Commerce and Industry. UAE and Iraq maintain robust economic and trade relations as Iraq remains one of the

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