(IraqiNews.com) The World Bank affirmed on Monday that the economic growth rates in countries that are witnessing conflicts and battles such ad Iraq, Syria, Yemen and Libya will not improve soon and expected the economic situation in Iraq to remain ‘fragile’ due to the ongoing violence, battles and retreat in oil prices. It also pointed out that Iraqi GDP will grow by 4.3 pe
Read MoreIraq has a degree of income equality higher than Germany and triple that of the U.S.A. I measure degree of income equality by the ratio of the income or consumption share of the lowest income quintile of a population to that of the highest, which I designate in Table 1 as . The finding that income inequality in Iraq is low is not particularly new. The 2011 World Bank report
Read MoreSince the overthrow of Saddam Hussein in 2003 and breakdown of the Iraqi state, ethno-sectarian partition has become a popular political mantra. The assumption is that a federal state based on three autonomous regions — Sunni Arab, Shiite Arab and Kurd — is the most realistic way to stabilize Iraq and keep its borders intact. This claim has revived alongside the devasta
Read MoreBAGHDAD — The archaeological sites of Ur, Eridu and Uruk as well as the Iraqi marshlands are under consideration for UNESCO's World Heritage List. The decision will be made at the World Heritage Committee meeting to be held July 10-20 in Turkey, where the UNESCO member states will vote on adding new sites to World List. In anticipation of the event, President Fouad Masoum fo
Read MoreNASIRIYAH, Iraq — Many houses in the towns and villages in southern Iraq are made of green reeds. The town of Nasiriyah, which is located 350 kilometers (217 miles) southeast of Baghdad, is one of them. The green reeds, found in the marshes of southern Iraq, turn into strong yellow sticks after drying. Green reeds are environmentally friendly, and Iraqis are proud of their cu
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