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Economy

The Iraqi authorities and an International Monetary Fund (IMF) team reached a staff-level agreement on the second review of the Stand-By Arrangement (SBA) that was approved by the IMF Executive Board on July 7, 2016.
Kurdistan Workers’ Party (PKK) in Rojava (Syrian Kurdistan) is planning to open a trade route with Iraq.
Islamic state’s defeat in Iraq is a good thing for Iraq without any doubt. The country can now focus on other issues that have made it a financially crippling nation. For Iraq, the long term test will be how it sustains relations with its surrounding Arab countries through trade and freedom of movement. For economic reasons, Iraq has to rely on Anbar province and the Hashemite Kingdom of Jordan to ensure Iraq’s primary gateway to the world remains open
For new project in Iraqi Kurdistan, Gazprom Neft has started discussions. Chief Executive Officer of the Russian oil major, Alexander Dyukov, has revealed this information.
By 10th of June 2017, Iraqi forces hope to eliminate Islamic state militants from Mosul of Iraq. After three years’ reign of IS in this second largest city of Iraq, the group is finally going to accept its defeat soon.
All flights from London’s Heathrow and Gatwick airports have been canceled by British Airways. It said that the organization was having massive IT failure around the world. However, it has not disclosed the real reasons or problems.
In a new report on the last Thursday, the Government Accountability Office (GAO) said that the Pentagon could not prove $2 billion of Iraq Train-and-Equip Fund (ITEF) materials were delivered.
Inflation indices of Iraq have raised by 0.6% during the month of April compared to the preceding month, as revealed by Iraqi government.
The head of the U.S. Defense Intelligence Agency said that an Iraqi Kurdish push for independence from Baghdad appears likely to be a question of "not if but when," in a significant challenge to Iraq's stability. In the month of April, Iraq's main Kurdish parties announced a plan to hold a referendum on independence this year, after the defeat of Islamic State militants.
Bombing intensified at northwest of Mosul by Iraqi forces. The forces are trying to capture Old City of Mosul from Islamic State militants.
The Kurdistan Region’s Independent Commission for Human Rights said that Zakho, a district of the region, has turned into gateway of drug trafficking through Iran, Syria and Turkey.
Special Force of Iraq declares completion of mission in Mosul, after it retook the last western district from Islamic State militant group.
The US and China have reached a 10-point trade deal that opens the Chinese market to US credit rating agencies and credit card companies.
US President Donald Trump has met his Iraqi counterpart in Washington, D.C., praising the "unprecedented cooperation" between the two countries in ridding Iraq of ISIS and reaffirming the US' commitment to bolstering the country's security. 
At an inopportune time, Iraqi government has sacked its defense minister. As per reports, on 25th August, 2016, the Iraqi National Assembly moved against Defense Minister Khaled al-Obeidi in a vote of no confidence, held in secret because of continued political haggling aimed, at preventing the decision.
On last Thursday, Prime Minister Haider al-Abadi said that the Iraqi army has dislodged Islamic State from the Qayyara oil producing region located south of their de facto capital Mosul.
On last Thursday, Iraqi forces pushed the Islamic State group from Qayyarah, a northern town considered strategic for any future offensive against the militants' last stronghold of Mosul.
During his visit to Kurdistan region, an American senator stated that Baghdad and Erbil must show full coordination along with international coalition to fight the battle in Mosul.
Global oil glut has resulted into geopolitical instability and the economic crash in Iraq.
Iraq is in news these days due to government and allied militia forces fight to reclaim territory from the Islamic Group militants.
Shabak community has been considered as one of the ethnic minorities in Iraq.
Iraq Wallet’s ‘Pay with ZainCash’ has been anticipated to have a major impact on expanding e-commerce nationwide supporting the creation of an enabling environment for entrepreneurs to operate, while stimulating Iraq’s digital economy and kick-starting the adoption of e-commerce.
According to health ministry of Iraq’s spokesperson, a fire that killed 13 children in an Iraqi maternity ward was apparently started intentionally. Ahmed al-Rudeini had previously said that fire at Yarmuk Hospital, one of the main such facilities in Baghdad, had been started by an electrical fault.
Iraq’s parliament has approved five new ministers after months of delay and repeated setbacks to Prime Minister Haider al-Abadi's efforts to replace the cabinet.
Middle East region is now facing the worst heat waves ever. Experts have warned that high temperature can lead to such extent that human survival would become impossible. They have also advised to control greenhouse gas emission.
A United Nations agency said on Thursday it would help Iraq to tackle endemic graft that is eroding its economy and institutions as Baghdad struggles to defeat Islamic State militants.
Abdel Hussein Abtan, Iraqi Minister of Transportation, stated that Iraqi Airways will restart its flight services to Europe from upcoming Sunday.
Iraqi forces prepares for fresh attacks again IS to regain its territory from the militants. A few residents inside the city of Mosul, captured by IS militants. They have expressed their relief after escape.
Corruption case against Parliament Speaker Salim al-Jabouri by Defense Minister Khaled al-Obeidi has been turned downed down by the court, citing lack of evidence.
Officials from the state-run North Oil Company say a well controlled by Kurdish peshmerga fighters in Kirkuk has exploded.
The Iraqi military will use a medieval tactic to keep control of Fallujah after recapturing it from the Islamic State group last month: It is digging a trench around the city.
It has been reported that France will send artillery to assist Iraqi armed forces. It will further deploy an aircraft carrier to the region to give more advantages to Iraqi forces to fight against ISIS.
As Islamic State is defeated in Iraq and Syria, a chance for stable political future in this region is about to begin.
The US Defense Security Cooperation Agency (DSCA) has notified Congress of the potential foreign military sale of AC-208 sustainment, logistics and spares support to Iraq.
It has been reported that a percentage of Korean builders have yet to receive any payments for construction projects abroad, mostly from oil-producing countries in the Middle East that are experiencing financial difficulties due to low oil prices.
As per reports, Iraqi government forces have retaken most of the city of Falluja from Islamic State militants, who were holding the area since 2014.
According to reports, due to a car bomb in a Shi’ite Muslim district of Baghdad at least 52 people got killed, and Islamic States have claimed the responsibility of this human made disaster. Security has gradually improved in the Iraqi capital, which was the target of daily bombings a decade ago, but violence directed against the security forces and Shi’ite civilians is still frequent. Large blasts sometimes set off reprisal attacks against the minority Sunni community.
Baghdad, capital city of Iraq, put forward a de facto coup, as protestors showed their rages in parliament. It was a total mess and chaos, as politicians have been found manhandling each other.
On Thursday, Joe Biden arrived to Baghdad with intent to help Iraqi leaders resolve a political crisis that has hindered efforts to defeat the Islamic State group. Biden landed at midday after an overnight flight from Washington. He was expected to meet with government officials and stress the need for unity, although the White House did not disclose his itinerary.
By running car dealership and fish firms in Iraq, Islamic States earns millions of dollars per month, as stated by Iraqi judicial officer. Security experts once estimated the ultra-radical Islamist group's annual income at $2.9 billion, much of it coming from oil and gas installations in Iraq and Syria. The U.S.-led coalition has targeted Islamic State's financial infrastructure, using air strikes to reduce its ability to extract, refine and transport oil and so forcing fighters to reportedly take signific
In the city of Hit, located western Iraq’s Anbar province, single Iraqi tank M1 Abrams has been deployed to counter the ISIS militants. So far, this tank is doing well, and it has been named as ‘Beast’ for showing ruthless attacking power against enemies.
Iraqi central bank manager in autonomous Kurdistan region was arrested as part of a probe into an alleged illegal bond trading scheme that may have cost the cash-strapped government more than $1 billion. Adham Karim, the head of the Iraqi central bank in the Kurdish regional capital Irbil, had been taken into custody along with his deputy.
On last Tuesday, a specialist team from Italy reached Mosul Dam of Iraq, as the dam has been anticipated to collapse due to damages.
Airport security has changed quite drastically over the last few years..
According to the commander in charge, an Iraqi army offensive touted as the first phase of a campaign to recapture the northern city of Mosul from Islamic State has been paused until more forces arrive to hold ground.
Mosul dam generates 1,000 megawatts of electricity and holds back an estimated 11 billion cubic tons of water. If such an important dam seizes working, then the impact of citizen’s of Iraq will be immense.
Zaid Nazo, an Iraqi businessman, has always been the idea about his nation’s deep passion for food. He transformed his small coffee shop, which was established in 1999, into a casual dining and takeaway restaurant. Today, he has opened four new branches of his food joint. His joint is known to be one of the most popular joints in Iraq.
It has been 13 years long, since US, UK and their allies had made invasion in Iraq. Today, the country stands no more liberated. There are corruptions, security problems, lack of unity and lack of democratic freedom. Iraq has to worry about its future and the fragmentation that may come as a result of failing governments to safeguard the well-being of Iraqis.
Global heavy lifting and specialized transport company ALE has successfully completed the year-long operations for the Badra heavy transportation contract in Iraq.
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