Iraqi Economists Network

Baghdad calls on Iraqi Kurdistan officials to discuss oil export resumption

Baghdad (IraqiNews.com) – In an attempt to come to an agreement on the restart of oil exports via an oil pipeline to the Turkish port of Ceyhan, the Iraqi Ministry of Oil on Tuesday asked for a meeting as soon as possible with the Ministry of Natural Resources in the Kurdistan region of Iraq and foreign companies operating in northern Iraq.

Iraq to continue oil production cuts until the end of 2025

Baghdad (IraqiNews.com) – Iraq and other OPEC+ member states decided on Sunday to extend the additional voluntary cuts of 1.65 million barrels per day until the end of December 2025. Iraq, Saudi Arabia, Russia, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, which announced voluntary cuts in April 2023 and November 2023, held a meeting in the Saudi capital, Riyadh, on the sidelines of the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM).

IMF Expects Iraq’s Economy to Grow by 1.4% in 2024, 5.3% in 2025

The International Monetary Fund (IMF) said on Thursday that Iraq’s economy contracted by 2.2% in 2022, projecting a growth by 1.4% in 2024 and 5.3% in 2025. The international monetary organization expected fiscal deficit to widen to 7.6% of GDP in 2024 from 1.3% in 2023, noting that Iraq requires an ambitious fiscal adjustment to stabilize debt in the medium term and rebuild buffers.

Baghdad announces commitment to nationwide census date

Baghdad (IraqiNews.com) – The Iraqi Minister of Planning, Mohammed Tamim, said on Sunday that the population census will take place on November 20, 2024, as planned. Tamim mentioned in a statement that he met with officials in the Planning Ministry, where he reviewed the stages of work and the progress made in field procedures and requirements to complete the population census.

A recent barter deal under which Iraq agreed to supply Iran with crude oil and fuel oil in exchange for Iranian gas, points to Iraq's frustration with US sanctions that make it difficult to pay for its gas imports and cause power outages during the scorching summer months. Iran slashed its gas exports to Iraq on Jul. 4, from 45 million cubic meters per day to 20 MMcm/d, cutt

As the kingdom’s model of capitalism without democracy thrives, the prospect of a Saudi century has consequences for us all. t the centre of the 2018 blockbuster film Black Panther is Wakanda, a hyper-modern civilisation on the African continent kept from the modern world by impenetrable geography and technologically enabled cloaking. Wakanda’s strength and security is provi

When Mohammed Shia` al-Sudani became prime minister of Iraq in October 2022 after a year of impasse and political infighting, he made it a priority to combat endemic corruption in the country and help restore citizen trust in government institutions. But thus far, and twenty years after the US-led invasion, Iraq’s democracy remains dysfunctional under his leadership, subverted

By Timour Azhari, Maher Nazeh and Ahmed Saeed BAGHDAD, July 11 (Reuters) - When Jacob Nemec's family heard he was planning to go on holiday in Iraq, they pleaded with the 28-year-old American to reconsider. "I got a text from my grandma for the first time in five years saying - being your grandmother and to respect me - I would appreciate if you don't go. I got

By Ahmed Rasheed and Timour Azhari June 12, 20234:14 AM GMT+2Updated a month ago [1/3]Iraqi lawmakers attend a parliamentary session to vote on the federal budget at the parliament headquarters in Baghdad, Iraq, June 11, 2023. Iraqi Parliament Media Office/Handout via REUTERS BAGHDAD, June 12 (Reuters) - Iraq's parliament on Monday approved a 2023 budget of 1

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