This, according to Dr. Thomas O’Donnell, a global fellow of the Woodrow Wilson Center in Washington who teaches in Berlin, brings Baghdad both security and financial problems. Iraq’s purchase of such …
In shift away from US dollar, Iraq to allow trade with China in yuan
The Iraqi Central Bank said on Wednesday that it will conduct trade with China in its currency, the yuan. “Financing of foreign trade with China will be organized directly using the Chinese yuan,” the …
Iraqi Finance Minister meets with IFC
By John Lee. On Wednesday, Iraq’s Minister of Finance, Taif Sami Muhammad, met with a delegation from the International Finance Corporation (IFC), which is part of the World Bank Group. The delegation …
In Iraq, Macron seeks bigger sphere of influence for France
After years of US financial neglect for Iraq’s reconstruction, Beijing has become a dominant economic actor in the country as Baghdad’s largest trading partner, accounting for 44% of Iraq’s oil …
Iraq Pivots to Yuan for China Imports in Defense of Own Currency
(Bloomberg) — Iraq is planning to pay for private-sector imports from China in yuan, injecting foreign currency into the financial system to help ease pressure on the dinar. Most Read from Bloomberg …
Iran foreign minister in Iraq for security talks
Iran’s top diplomat Hossein Amir-Abdollahian held talks with neighbouring ally Iraq Wednesday to discuss stalled talks with arch-rival Saudi Arabia to ease regional tensions, as well as on border …
Will Iraq Finally Revive This Mothballed Megaproject?
According to local news sources, the Iraqi government may finally be ready to revive the Nebras Petrochemical Project …
Iraq: US Did Not Impose Conditions over Dollar Crisis
Iraq denied claims that the US had imposed conditions on its delegation, which recently visited Washington, regarding the dollar exchange issue. An Iraqi delegation, headed by Foreign Minister Fuad …
Iraq: US Did Not Impose Conditions over Dollar Crisis
Iraq denied claims that the US had imposed conditions on its delegation, which recently visited Washington, regarding the dollar exchange issue. An Iraqi delegation, headed by Foreign Minister Fuad …
Discovery of 4,500-year-old palace in Iraq may hold key to ancient civilisation
Dr Sebastien Rey lead the project that discovered the 4,500-year-old palace in modern-day Iraq – thought to hold the key to more information about one of the first known civilisations. The Lord Palace …