Latest Economy News

(IraqiNews.com) Baghdad – Standard and Poor’s financial services company has affirmed the ratings of Iraq at ‘B-/B’ with stable outlook. S&P stated that the stable outlook incorporates expectation that the large budget and external deficits could be financed, and the conflict with ISIS will be contained. Standard & Poor’s also predicted Iraq’s real GDP growth to fal

(IraqiNews.com) Qādisiyyah – A Danish company has expressed its willingness to invest in electricity, housing, oil industries and security systems fields, while the government of Diwaniyah has expressed its readiness to support the investment companies and facilitate the needed procedures to boost the development in the province. Mayor of Diwaniyah Sami al-Hasnawi said, “We

BAGHDAD: Zain Iraq and Ericsson (NASDAQ: ERIC) have signed a three-year extension of their network and IT operation and optimization managed services agreement. Under the extended agreement, Ericsson will continue to optimize, transform and manage network and IT operations for Zain’s nationwide 3G mobile network in Iraq, which currently includes over 4,200 sites across the c

The Iraqi ministry of oil declared its primary oil exports for the previous August 2016 which was higher than July according to the primary statistics of (SOMO) company. Mr. Assim Jihad the spokesman of the ministry said that the exported oil quantities from the middle & southern fields for the previous August was (100.130.104) million barrels which was higher than the p

Mr. Jabbar Allibi the minister of oil said that the ministry has started to apply an ambitious plan to open the door of investment to the specialized companies in oil & gas. Mr. Allibi confirmed on the necessity of encouraging the investment and work on to give the specialized companies and the private sector bigger chances than the governmental to build, develop and reh