Iraq Horizons

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Economy

Iraq's looming budget cuts: what to expect if oil prices stay low
With Brent crude currently trading at $63 per barrel, pressure is building on Baghdad to revise its spending priorities.
How will Iraq adapt to the loss of Iranian energy following waiver expiration?
The US sanctions waiver for Iraq expired on Saturday after the Trump administration decided not to renew it.
CBI accelerates reform measures to avoid financial isolation
CBI steps up efforts to demonstrate reform measures to curb money laundering and the misuse of US dollar.
High spending and shifting priorities push Iraq’s budget into deficit
Operational spending surged in November while capital investment dropped.
Central Bank reform measures face resistance from MPs
Anti-money laundering measure draws parliamentary scrutiny.
Rising expenditures and salary delays spark liquidity concerns
Assertions that the Iraqi government is facing a liquidity crisis have gained traction following delays in the payment of public sector salaries last…
Figures reveal non-oil revenue surge in 2024
Figures indicate an almost threefold increase in non-oil revenue compared to the same period in 2023.
Sudani government proposes changes to oil deal with KRG
Parliament conducts first reading of proposed amendments to the budget.
Preliminary results of Iraq Census 2024 released
Iraq's total population exceeds 45 million.
Iraq Ramps Up Banking Reforms Ahead of Incoming Trump Administration
The new directive aims at expanding and modernizing banking services across provinces.
World Bank Highlights Improvements to Iraq Business Climate
The Business Ready report launched earlier this month marks an important shift in evaluating the global business and investment climate.
Government reports notable budget deficit in July
The deficit reached 4 trillion IQD in July, according to the Ministry of Finance.
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