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 most revered Shiite cleric, Grand Ayatollah Ali al-Sistani, at his home in the holy city of Najaf, receives Pope Francis on March 6, 2021. Photo: AFP/Ayatollah Sistani's Media Office By any historical measure, it was a game-changer: the first meeting since the 7th century between a Roman Catholic Pope and a Shiite spiritual leader regarded as a “source of emulation.” I

Abstract In late September 2020, the World Bank published a report entitled ‘Breaking out of fragility: a country economic memorandum for diversification and growth in Iraq’ (henceforth WB 2020). [i] In October 2020, the Iraqi government published its ‘White Paper for Economic Reforms: Vision and Key Objectives.’ This was followed in January 2021 by a draft ‘White Paper for

The ongoing discourse on Iraq’s 2021 draft Federal Budget raises concerns. The draft has been substantially revised by the Parliament’s Financial Committee in a way that would keep Iraq within its current “business as usual” status and neglect the long-time needed reforms. In particular, there is no indication that the Financial Committee has introduced any structural changes o

Pope Francis with Iraq’s top Shia cleric, Grand Ayatollah Ali al-Sistani. Photograph: Reuters Pope Francis has had a symbolic meeting with Grand Ayatollah Ali al-Sistani, one of the most senior clerics in Shia Islam, in Iraq’s holy city of Najaf. The historic meeting in Sistani’s home was months in the making, with every detail painstakingly discussed and negotiated b

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