Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraq Seeks IMF Loan, Saudi Investments to Boost Oil-Battered Economy. By Khalid Al Ansary

Iraq Seeks IMF Loan, Saudi Investments to Boost Oil-Battered Economy. By Khalid Al Ansary

Nation could get $5 billion at most from IMF: finance minister The economy will probably shrink 7%-9% this year, says Allawi Iraq is in talks with the International Monetary Fund for a loan and is seeking Saudi investments in its natural-gas fields, as Baghdad tries to bolster its battered economy in the face of the coronavirus and low energy prices.
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The Covid-19: The Iraqi government announces new measures to combat pandemic, additional support for health sector

The Covid-19: The Iraqi government announces new measures to combat pandemic, additional support for health sector

Iraq's Prime Minister Mustafa Al-Kadhimi chaired on Monday a meeting in Baghdad of the Higher Committee for Health and National Safety. At the start of the meeting, the Prime Minister told the Committee that the coronavirus pandemic challenge facing Iraq is unprecedented, and that this challenge has been exacerbated by cumulative past administrative failures. Following discussions, the Committee decided to:
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Cabinet ends payment of two salaries to former detainees at Camp Rafha

Cabinet ends payment of two salaries to former detainees at Camp Rafha

Iraq’s Council of Ministers (the Cabinet) on Monday announced details of its decision taken at its regular weekly meeting on 09/06/2020 in relation to the payment of more than one salary and other benefits to former detainees at Camp Rafha. The decision ends the payment of more than one salary, restricts the payment to heads of household provided that they reside in Iraq, and limits the amount to no more than 1,000,000 Iraqi dinars per recipient. Here is the decision in full: The Council of Ministers Decree No. (27) for the year 2020
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The Without urgent reform, Iraq economy will face irreparable shocks: minister to AFP

The Without urgent reform, Iraq economy will face irreparable shocks: minister to AFP

Iraq's economy could reach irreversible lows within the next year unless urgent reform measures are adopted, its finance minister warned in an exclusive interview with AFP on Monday. "Reform is inevitable," said Ali Allawi, who has been tasked with stabilising Iraq's economy following an oil price crash that saw state revenues slashed by half. "If we do not amend the situation throughout the next year, we may face shocks we cannot fix." Iraq's economy is already projected to shrink by 10 percent this year following a dramatic drop in oil prices from over $50 per barrel to around $20.
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Iraq’s Wheat Production Economics: To what extent it is possible to close the current yield gap? By Dr Fadhel Ridha *

Abstract The objective of this paper is to raise a question and examine the possibility of revitalizing wheat production and industry in Iraq. To what extent it is possible to close the gap between the actual wheat yield per unit of land and the potential yield in Iraq using the available tools such as high yielding cultivars, optimal use of fertilizers and water application a

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Is econometrics relevant to real world economics? By Imad Moosa *

Imad Moosa challenges convention with this comprehensive and compelling critique of econometrics, condemning the common practices of misapplied statistical methods in both economics and finance. After reviewing the Keynesian, Austrian and mainstream criticisms of econometrics, it is demonstrated that econometric models can be manipulated to produce any desired result. These

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The Iraqi National Economy

The Road to Economic Recovery in Iraq. –
SEATTLE, Washington — Iraq has been facing some extremely difficult times for
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WHEN AFFORDABILITY MATTERS: THE POLITICAL ECONOMY AND ECONOMIC
  This study by IOM Iraq, Returns Working Group (RWG), and Social
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The KRG’s anti-corruption effort must start from its
If the Iraqi Kurdish region manages to reform its oil industry, it
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Oil & Gas Policy

Iran’s Retaliation Could Cause A Middle East Oil
Iran’s clerical leadership, under “Supreme Leader” Ayatollah Ali HoseiniKhamene‘i, is expected to
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The Superpowers Battling Over Iraq’s Giant Oil Field.
Ever since the U.S. signalled through its effective withdrawal from Syria that
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Iraq’s Oil Industry Rocked By Two New Corruption
Barely a month goes by without yet another corruption scandal emerging or
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Can Iraq Become A World Class Petrochemicals Player?
Theoretically, there is no reason why Iraq cannot become one of the
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