Expert Manar Al-Obaidi outlines six economic scenarios Iraq faces if oil prices collapse, warning that the structural reliance on public payroll makes reform nearly impossible.
Resumption of Kurdish oil exports to ease fuel shortages in Turkey: Ambassador
ERBIL, Kurdistan Region – Iraq’s Ambassador to Turkey Majid al-Lachmawi said on Wednesday that the resumption of Kurdish oil exports to Turkey’s Ceyhan Port could contribute to lessening fuel …
Iraq’s Economy to Contract in 2025 Before Rebounding
By John Lee. The World Bank projects Iraq’s economy will shrink by 0.9 percent in 2025, marking a downgrade of 2.3 percentage points from the April forecast. The contraction is mainly attributed to …
First Phase Of Game-Changing Iraq Project To Start Early Next Year
The Common Seawater Supply Project (CSSP) will inject treated seawater into southern oilfields to maintain reservoir pressure and free freshwater for agriculture.
Can Iraq become the Middle East’s next growth market?
Iraq is rebuilding its aviation sector through new airport projects, airline expansion, and a landmark PPP in Baghdad International Airport …
US Firm in Talks to Import LNG via to Iraq by 2026
By John Lee. Iraq’s Minister of Electricity, Eng. Ziyad Ali Fadel, met with a senior delegation from U.S.-based Excelerate Energy to discuss plans for importing and processing liquefied natural gas …
US Senate unanimously endorses repeal of 2002 Iraq war resolution
The Senate has voted to repeal the resolution that authorized the 2003 U.S. invasion of Iraq, following a House vote last month that would return the basic war power to Congress more than two decades …
Saudi Arabia moves a step closer to qualification for 2026 World Cup
Saudi Arabia beat Indonesia 3-2 to move within 90 minutes of qualification for the 2026 World Cup. A victory against Iraq next Tuesday, also in Jeddah, would guarantee Saudi Arabia first place in …
Iraq signs deal with Exxon to help develop large oilfield
Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the U.S. major’s return to …
Iraq signs deal with Exxon to help develop large oilfield
Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the U.S. major’s return to …