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.

The rejection of Russia has led the Middle Eastern country to emerge as the main alternative for obtaining the resource Jorge Ortiz Iraq continues to reach record oil sales figures. The country, for the fourth consecutive month, has become the world's main market for the precious resource and is causing the country to improve its economic level. According to the Ministry

Despite their disillusionment with Iraq’s political system, the country’s youth have hope and aspirations for real change. As Iraq’s political stalemate persists, many observers expect protests will erupt over the country’s worsening socio-economic situation, the increasing effects of climate change – such as heat waves and dust storms – and a lack of political will to chang

Baghdad, Iraq, 5 July 2022 – Iraq’s Ministry of Planning, the Central Statistical Organization (CSO), together with the International Labour Organization (ILO) have launched a national Labour Force Survey , the first of its kind to be conducted in Iraq in the last decade. The survey presents estimates at the national, governorate, urban and rural levels and covers a broad array

Businesswomen say Iraq’s Kurdistan Regional Government needs to work harder to create the conditions for entrepreneurs. Taffan Hamakhan's cosmetics business 'ByTaff' employs women in an effort to reduce female unemployment [Courtesy of Taffan Hamakhan] Nearly five years ago, Huda Sarhang, 27, was sitting at one of the most iconic tea shops in Erbil, th

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