Latest Economy News

Iraq says April crude oil exports have increased by 2.3 percent from the previous month, filling cash-strapped coffers amid an acute economic crisis. Oil Ministry spokesman Assem Jihad, said Sunday that daily oil exports averaged 3.364 million barrels last month, worth $3.343 billion. March exports stood at 3.286 million barrels per day, bringing that month's revenues to $2.9

TIME has named Mona Hanna-Attisha, director of the Michigan State University and Hurley Children’s Hospital Pediatric Public Health Initiativeto the 2016 TIME 100, its annual list of the 100 most influential people in the world. The full list and related tributes will appear in the May 2 issue of TIME, which will be available on newsstands on Friday, April 22. The list, now in

Many of Hikmat's sculptures were inspired by the tales of One Thousand and One Nights and have become Baghdad landmarks   Google’s famous doodle on Wednesday celebrates Mohammed Ghani Hikmat, a famed Iraqi sculptor who was born in 1929 and passed away on 12 September 2011.  Hikmat was regarded as one of the most important Iraqi artists in modern history and many of his s

US President is set to attend GCC summit to discuss global crude prices, ongoing conflict that batter Iraq's economy. NEW DELHI - The United States and its Gulf allies will discuss providing economic aid to oil-rich Iraq, US defence chief Ashton Carter said Monday, as low global crude prices and ongoing conflict batter Baghdad's economy. Carter was speaking on a trip to India

  BAGHDAD: Iraqi businessman Zaid Nazo has always been sure of his nation’s deep passion for food and wasn’t afraid to dream big when he transformed his small Baghdad coffee shop in 1999 into a casual dining and takeaway restaurant. Today, the 41-year-old father of two has opened four branches and his chain is one of the most popular in Iraq. Many Iraqi entrepreneurs are