Iranian Bank Opening 7 Branches in Iraq

TEHRAN (Tasnim) – An Iranian private bank has been authorized by the Central Bank of Iraq to open seven branches in the Arab country, an official said. According to Chairman of Iranian Private Banks Institute Koorosh Parvizian, the Iranian private bank has already opened two of the seven branches in Iraq. He noted that opening of the new banks in the Arab country are part of

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Iraqi PM ends China visit with flurry of agreement signings

ERBIL, Kurdistan Region —  Iraq’s Prime Minister Adil Abdul-Mahdi concluded his five-day trip to China with the signing of eight broad-ranging agreements on Monday in a bid to diversify ties between the two countries. Abdul-Mahdi was heading a delegation consisting of, among others, Iraqi ministers and provincial governors. On the fifth day of the visit, the Iraqi PM met with

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Decentralization and its Discontents in Iraq. By Mike Fleet

Summary In Iraq the issue of decentralization tends to kick up a flurry of activity and discussion whenever Law 21 is amended or a governor attempts to create a new region. Otherwise though, federalism only draws attention as it relates to Baghdad-Kurdistan Regional Government (KRG) relations, oil revenue sharing, or both. However, while federalism rarely lends itself to meani

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World Bank Iraq’s Economic Update – April 2019

Iraq’s economy is gradually picking up following the deep economic strains of the last four years. Real GDP is estimated to have grown by 0.6 percent in 2018, thanks to a notable improvement in security conditions and higher oil prices, reversing the contraction of 1.7 percent seen in 2017. The non-oil economy picked up speed and grew at 4 percent, while oil production was slig

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