BAGHDAD, June 16, 2022 - Iraq is gradually emerging from a deep recession, caused by the COVID-19 pandemic and the plunge in oil prices in 2020. Although the economy is projected to grow by 5.4% on average a year between 2022 and 2024, the country’s macroeconomic outlook is subject to a significant degree of risk due to high dependence on oil, budget rigidities, and delays in t
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By Sarah Mcfarlane and Aref Mohammed Summary Companies Iraq persuaded Lukoil to halt sale to Sinopec - sources Baghdad concerned China becoming too dominant - sources Western firms not happy with terms of Iraqi deals LONDON/BASRA, May 17 (Reuters) - Iraq's oil ministry thwarted three prospective deals last year that would have handed Chinese firms mor
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Baghdad - INA - Harith al-Abadi The Japan International Cooperation Agency (JICA) has detaild today, Saturday, its role in Iraq, 2014, While JICA disclosed the most prominent projects and axes of joint cooperation, and revealed the volume of budgets and loans allocated to implement its projects in Iraq, and the most prominent challenges and obstacles facing some projects. G
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The president’s trip to Saudi Arabia is unlikely to reduce oil and gasoline prices, and it is not clear that anything else he might do would work, either. HOUSTON — When President Biden meets Crown Prince Mohammed bin Salman in Saudi Arabia, he will be following in the footsteps of presidents like Jimmy Carter, who flew to Tehran in 1977 to exchange toasts with the shah of I
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Haifa Zangana A dust storm that covered seven Iraqi governorates, including Baghdad, caused more than 5,000 cases of suffocation and the death of one person. Social media sites circulated astonishing pictures of the red dust that enveloped the atmosphere, people and places for the seventh time in a month. The pictures were accompanied by analyses and theories, combining scie
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