The World Bank forecasts 1.2% economic growth for Iraq in 2025, a recovery from 2024. Growth expected to accelerate to 4.4% in 2026. Regional outlook included.
Italy’s Eni monitoring Iraq’s security situation
Italy’s Eni is closely monitoring the security situation in Iraq, a spokesperson for the energy group said on Thursday after the United States decided to evacuate its embassy in the country.
Iraq’s foreign exchange reserves rise in May
According to the CBI, Iraq’s foreign reserves as of May 22 amounted to $98.83 billion (128.47 trillion Iraqi dinars), up from $97.94 billion (127.32 trillion Iraqi dinars) on May 1. These reserves …
U.S. to Withdraw Diplomats From Iraq Amid Iran Tensions
The State Department said it had decided to shrink the U.S. “footprint” in Baghdad and the United Kingdom issued a warning about “increased tensions within the region.” …
What’s next for Kuwait’s missing persons file after UNAMI ends?
KUWAIT: As the mandate of the United Nations Assistance Mission for Iraq (UNAMI) enters its final phase—set to expire on December 31, 2025—the long-standing humanitarian file concerning missing …
Pakistan urges political inclusion in Iraq ahead of elections
With parliamentary elections in Iraq scheduled for Nov. 11, and the drawdown of the UN Mission there set for December, Pakistan has commended the country’s efforts to consolidate democratic …
Oil jumps 4% on report US embassy in Iraq is preparing to evacuate amid threats
Oil futures jumped more than 4% on Wednesday following a Reuters report saying that the US embassy in Iraq is preparing to partially evacuate amid security threats. West Texas Intermediate (CL=F) …
Oil prices rise more than 4% on escalating U.S.-Iran tensions
The U.S. is preparing a partial evacuation of its embassy staff in Iraq due to heightened security risks in the region, sources told Reuters.
Iraqi state institutions to go cashless next month: Official
ERBIL, Kurdistan Region – Iraqi government institutions are set to go cashless in July as a cash ban will be introduced to promote electronic payment systems, a prime minister advisor said on …
Public employees in Iraq’s Kurdish region caught in the middle of Baghdad-Irbil oil dispute
Tensions have escalated between Iraq’s central government in Baghdad and the semi-autonomous Kurdish region in the country’s north in a long-running dispute over the the sharing of oil revenues.