Cabinet approves the White Paper for economic reforms

The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Minister of Health presented a detailed report on the latest health developments in Iraq and the government efforts to contain the spread of Covid-19 and reduce infection-rates throughout the country. He also  outlined the ongoing natio

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The Committee for the Prize in Economic Sciences* Improvements to auction theory and inventions of new auction formats

The Royal Swedish Academy of Sciences has decided to award the Sveriges  Riksbanks Prize in Economic Sciences in Memory of Alfred Nobel 2020 to: PAUL R. MILGROM,  Born 1948 in Detroit, USA. Ph.D. 1979 from Stanford University, Stanford, USA. Shirley and Leonard Ely, Jr. Professor of Humanities and Sciences, Stanford University, Stanford, USA , and  ROBERT B. WILSON Born 1937

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Petroleum Economists* Iraq faces crude marketing challenges

Middle Eastern NOCs have long faced a twin challenge of ever more competitive markets in their traditional East of Suez backyard and the need to squeeze out more revenue from their production. From Oman’s decision in the mid-2000s to make its crude freely tradeable in the spot market to the move several years later by Abu Dhabi’s Adnoc to charge a premium for lifting destinatio

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