Iraq economy - updates

Rappler's latest stories on Iraq economy


Iraq oil exports sink to comply with OPEC cuts

Jul 01, 2020 - 11:30 PM

Iraq drops its oil exports to 84 million barrels in June 2020, its lowest monthly sales in several years

Without urgent reform, Iraq economy will face irreparable shocks – minister

Jun 23, 2020 - 12:05 PM

'If we do not amend the situation throughout the next year, we may face shocks we cannot fix,' warns Iraqi finance chief Ali Allawi

Iraq's Minister of Finance Ali Allawi listens during an interview at his residence in the capital Baghdad, on June 22, 2020. (Photo by AHMAD AL-RUBAYE / AFP)

As Iraq lockdown chokes off imports, local businesses thrive

May 28, 2020 - 10:30 AM

Local Iraqi producers who once struggled to compete with cheaper imports are now seeing surging sales

A man presents fresh fish at a fish market in Iraq's southern port city of al-Faw, 90 kilometres south of Basra near the Shatt al-Arab and the Gulf, on May 18, 2020. - In Iraq, a national lockdown to halt the COVID-19 coronavirus pandemic has found some unexpected fans: local businesses who no longer have to compete with Turkish, Iranian or Chinese imports. Those countries, as well as Saudi Arabia, Jordan and Kuwait, typically flood Iraqi markets with inexpensive products at prices local producers can't compete with. (Photo by Hussein FALEH / AFP)

As prices fall, what are the threats to oil giant Iraq?

Apr 02, 2020 - 10:00 PM

Here are the challenges facing the only significant industry in Iraq

(FILES) In this file photo taken on March 3, 2016, an Iraqi labourer turns a valve at an oil refinery in the newly opened section at the oil refinery of Zubair, southwest of Basra in southern Iraq. - As crude prices plunge, Iraq's oil sector is facing a triple threat that has slashed revenues, risks denting production and may spell trouble for future exports. (Photo by HAIDAR MOHAMMED ALI / AFP)

Iraq faces financial calamity after crude crash

Mar 20, 2020 - 1:15 PM

With oil prices down, Iraq's net income is seen to drop 65% in 2020 compared to 2019

Virus strikes another blow at religious tourism in Iraq

Feb 27, 2020 - 6:00 PM

In 'normal' times, income from pilgrims creates jobs for Iraqis and brings in billions of dollars per year. But with the novel coronavirus, visitor numbers are plunging.

Pilgrims wearing masks walk through the courtyard of the shrine of Imam Ali on February 25, 2020 in the holy Iraqi central city of Najaf, where the first case of coronavirus COVID-19 has been documented in Iraq. - Iraq on February 24 confirmed its first novel coronavirus case in an elderly Iranian national in Najaf, according to health officials. A country with a dilapidated healthcare system, Iraq often hosts pilgrims and religious students from Iran, where at least a dozen people have died of the novel coronavirus since an outbreak there was first reported last week. Iraq had blocked travel to and from the Islamic republic days before announcing a seminary student in Najaf was the country's first confirmed case. (Photo by Haidar HAMDANI / AFP)