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Baghdad (IraqiNews.com) – The World Bank confirmed on Sunday its full commitment to provide support and assistance to automate public financial management in Iraq, the state news agency (INA) reported. The press office of the Iraqi Parliament mentioned in a statement that the Parliamentary Finance Committee, headed by MP Atwan Al-Atwani, hosted a World Bank delegation to fol

By Charles Kennedy - Jul 08, 2021, 3:30 PM CDT Iraq’s economy will strengthen this year as a result of higher oil prices but this will not be enough to stabilize it over the long term, according to Moody’s. The ratings agency affirmed Iraq’s stable outlook along with its long-term non-investment grade rating citing the country’s continued over-reliance on oil revenues

Saudi Arabia and Russia have differences over a potential deal among OPEC+ oil producers that could ease curbs on supply starting in April, a source told RIA news agency on Monday ahead of a meeting of the group next week. The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, are likely to ease curbs on supply after April given a recover

While oil’s dizzying collapse is still fresh for many traders, rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel. Azerbaijan’s Socar Trading SA predicts global benchmark Brent could hit triple digitsin the next 18 to 24 months, and Bank of America sees potential spikes above $100over the next few years on improving fundamen