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.

Iraq’s climate is changing faster than people can adapt. With each passing summer, new records are logged: record high temperatures, record low water levels. Between May and October, the heat scorches all that is dead and sears everything that lives. During the day, the sun forces people inside; in the evening, the heat lingers in cities that feel like the inside of a hair d

Cop28 must be a moment for collective action, both in the region and worldwide The garden of Eden is said to have existed somewhere between the Tigris and the Euphrates, in Iraq. Over the past two centuries, foreign adventurers came to marvel at the waterways and marshes immortalised in the Epic of Gilgamesh, with their water buffalo, wild boar, otters, pelicans, flocks of f

Overall bilateral trade fundamentals are increasing despite sanctions The cultural and economic connection between Mesopotamia and Russia goes back to centuries before the Middle Ages. But in the contemporary era, Soviet-Iraq relations were established in September 1944. Despite the ups and downs of 1955 and the restoration of relations in 1958, Baghdad became one of the

Trade and investment connections between Russia and Iraq have a long and intricate history. During the Middle Ages, merchants and explorers from both regions interacted, traversing through the Volga trade route and the Caspian Sea, establishing early trade networks between what would much later become Russia and Iraq. Formal diplomatic relations were established on September 9

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