Latest Iraqi Business News
Iraqi Prime Minister Mohammed Shia Al-Sudani has inaugurated the Mansour and Mustaqbal pharmaceutical factories, supporting a national initiative to increase self-sufficiency in medicine production. The Mansour facility, now reactivated, will produce 14 million therapeutic syrups, 140 million tablets, and specialized treatments for cancer.
IMF: Fiscal Expansion to Boost Growth in Iraq (FULL REPORT)
By John Lee. The International Monetary Fund (IMF) has issued a detailed report on the Iraqi economy.. The following key points were highlighted: Improved Domestic Stability: Since the new government took office in October 2022, Iraq has experienced improved domestic stability. This facilitated the passage of its first three-year budget, which …
Iraq Oil & Gas News | Iraq Business News
27th October 2024 in Iraq Oil & Gas News. By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for September, but has again not disclosed the value of oil exports for the month. This continues the practice of delayed or missing oil export data from the Ministry. Total exports of crude oil: 99,311,107 barrels.
Iraq | Iraq Business News
Oct 29, 2024 · Iraq to Grow by 4.1 percent in 2025. 28th October 2024 in Iraq Industry & Trade News. By John Lee. According to the recently-published World Economic Outlook from the International Monetary Fund (IMF), Iraq's economy is forecast to grow by 4.1 percent in 2025, up from 0.1 percent this year. A rate of 4.2 percent is projected for 2029.
Iraq | Iraq Business News
5 days ago · 1st November 2024 in Iraq Oil & Gas News. By John Lee. The Iraqi Ministry of Oil has signed a contract to develop the Mansuriya gas field in Diyala province. The contract, awarded to a consortium of China's Jereh (represented by Mr. Li Weibin, the managing director of Jera), and Petro Iraq, aims to increase gas production by 300 million cubic ...
Iraq: A New Opportunity to Reform - Iraq Business News
Nov 21, 2022 · The World Bank 's new Iraq Economic Monitor, A New Opportunity to Reform finds that high oil prices have boded well for Iraq's economy pushing fiscal and external balance into double digit surpluses. After growing by 2.8 percent in 2021, GDP growth accelerate in the first half of 2022 to 10.5 percent thanks to rising oil output and a recovery ...
Iraq Borrows $360m to Reduce Gas Flaring
Jun 30, 2021 · IFC is the lead arranger of the five-year, $360 million loan to BGC. Ihsan Abdul Jabbar Ismail, Minister of Oil for Iraq, said: " Signing the loan agreement reinforces the collective efforts to increase investment in associated gas flaring reduction using world-class technologies. It is in line with our objectives of turning flared gas into ...
Iraq Industry & Trade News - Iraq Business News
Oct 29, 2024 · Iraq to Grow by 4.1 percent in 2025. 28th October 2024 in Iraq Industry & Trade News. By John Lee. According to the recently-published World Economic Outlook from the International Monetary Fund (IMF), Iraq's economy is forecast to grow by 4.1 percent in 2025, up from 0.1 percent this year. A rate of 4.2 percent is projected for 2029.
Iraqi Market Review: "Continued Momentum" - Iraq Business …
Nov 8, 2021 · The World Bank, in its latest economic update on October 21 st, reported that in the first half of 2021 (H1/2021) non-oil GDP expanded by over 21% over H1/2020. This recovery can be seen from Google's mobility data (chart below), which also suggests a continuation of a recovery in non-oil GDP in the second half of the year - although the year ...
Investment - Iraq Business News
28th October 2024 in Investment, Iraq Industry & Trade News. By John Lee. Iraq's government has successfully attracted $100 billion in investments over the past two years, according to Mohammed Al-Najjar, advisor to the Prime Minister for Investment and head of the Iraq Development Fund.