Over the past 15 years, China has executed a strategy in Iraq that has been incredibly effective. Although the two countries recently commemorated their 65th anniversary of friendship, arguably this relationship really began in earnest in 2007 when the two countries’ presidents met and China agreed to cancel Iraq’s debt. China’s debt relief served as a prelude to its eventual e
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Iraq has struggled to attract FDI over the past two decades. Now, with a period of stability, can it turn a page and attract foreign investment? It is safe to say that Iraq has struggled to attract foreign direct investment (FDI) over the past 20 years. Two decades of conflict, which have included the 2003 US-led invasion, intra-sectarian strife and a war against Islamic
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ERBIL, Kurdistan Region - The financial advisor to Iraq’s prime minister on Wednesday stressed the need for all internal transactions to be conducted using the Iraqi dinar, telling Rudaw that using anything other than the national currency is a disrespect to the state’s sovereignty. The Iraqi dinar has been losing value against the US dollar for several months, leading to a
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Following the recent thaw in relations between Iran and Saudi Arabia, Iraq is strengthening its ties with GCC states. European countries should support this development, which could help Iraq address its domestic challenges For decades, Iraq has been caught in the crossfire of tensions between neighbouring Iran and Saudi Arabia. But following the recent thaw in rel
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By Ahmed Rasheed and Timour Azhari June 12, 20234:14 AM GMT+2Updated a month ago [1/3]Iraqi lawmakers attend a parliamentary session to vote on the federal budget at the parliament headquarters in Baghdad, Iraq, June 11, 2023. Iraqi Parliament Media Office/Handout via REUTERS BAGHDAD, June 12 (Reuters) - Iraq's parliament on Monday approved a 2023 budget of 1
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