Kurdistan Region records 1.6 percent annual inflation

The Region's low inflation rates mark a stark contrast with neighboring countries.

News

Iraq taps dormant tax funds to pay salaries amid oil price woes, budget deficit

Facing a deepening liquidity crisis and fluctuating oil revenues, the Iraqi government has authorized the withdrawal of over 3 trillion dinars from long-idle tax trust funds to cover public employee salaries.

Features

Iraqi MP uncovers $825 million corruption scandal involving terrorist pensions

An Iraqi lawmaker has exposed a sweeping corruption scheme involving the theft of over 1.08 trillion dinars (approximately $825 million) from the state treasury between 2018 and 2024.

Articles

Iraq braces for economic uncertainty as Trump tariffs spark debate over oil prices, fiscal policy

Iraq is confronting potential economic challenges following tariff hikes imposed by US President Donald Trump on foreign imports, with politicians and economists debating the degree to which the Iraqi economy will be affected.

Articles

The biggest threat to Iraq's future: A drop in oil prices

In simple terms, Iraq exports roughly 3.2 to 3.4 million barrels per day; a drop in oil prices of only one dollar per barrel would lose Iraq between 3.2 and 3.4 million dollars per day.

Peshraw Mirany

Opinion

Iraq pushes digital payments to cut loan costs and strengthen economy

Iraq is promoting the use of digital payment systems to reduce high loan costs and improve the economy, according to Iraqi Prime Minister’s Advisor Mazhar Muhammad Salih.

News

Iranian parliament sacks finance minister over deteriorating economy

Hemmati lost a vote of confidence in Iran’s parliament, where 182 out of 273 lawmakers voted to remove him from his post over the mismanagement of the country’s finances and inability to weather the financial woes

News

Iraq faces economic strain as OPEC+ maintains oil production cuts

Iraq remains bound by OPEC+ production limits, preventing it from increasing oil output despite its economic dependence on crude exports. While the country aims to boost growth, strict production caps have reduced its ability to capitalize on global demand. With production disruptions from a fire at Rumaila field and upcoming OPEC+ talks in April, Iraq rejects further cuts but struggles to influence the alliance's policies.

Articles

US lawmakers push for sanctions on Iraq’s Rafidain Bank over alleged Iran ties

The US is considering sanctions on Iraq’s state-owned Rafidain Bank, following allegations that it facilitates dollar transfers to Iran. Republican Congressman Joe Wilson has called on the US Treasury to take action, warning that Iraq is enabling Iranian-backed groups.

Features