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.

Iraq’s economy is overwhelmingly dominated by the oil sector. According to the World Bank, over the last decade oil revenues have accounted for more than 99% of exports, 85% of the government’s budget, and 42% of GDP. Despite the strong rebound of the economy after the pandemic thanks largely to high oil prices and increased export volumes that last year drove oil revenues

Analysis: Iraq’s new budget may hamper more than it helps. By Hamzeh Hadad This year’s budget is Iraq’s largest at 198.9 trillion dinars ($153bn) with the same allocated for 2024 and 2025. The Iraqi Council of Representatives passed the 2023, 2024 and 2025 federal budgets on June 12, nearly eight months after Prime Minister Mohammad Shia al-Sudani’s new government wa

For a generation of young Iraqis who have grown up knowing only war, life is not easy. Across Baghdad, young adults and teenagers fight to realise their ambitions but many face challenges Stefanie Glinski, Baghdad, Iraq | Friday 12 May Iraq’s capital, Baghdad, is once again vibrant – its markets and streets colourful and busy, its coffee shops filled with crowds of young

Lack of specific legislation against domestic abuse is harming women, activists say Iraq's criminal code outlaws violence within the family but does not specify consequences for domestic abuse, nor does it stipulate penalties for perpetrators. Reuters Mina Aldroubi May 16, 2023 Iraqi activists are urging the government to pass legislation against

On April 24, 2023, the Atlantic Council’s Iraq Initiative convened a hybrid panel discussion to examine Iraq’s current economic and energy landscape, and their future trajectory. The panel discussed Iraq’s significant progress in rebuilding its economy and energy sectors that have suffered since the 2003 US invasion of the country, despite facing various challenges such as corr

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