Iraqis Forced To Cope With Country's Economic Hard Times
4 years, 2 months ago

Iraqis Forced To Cope With Country's Economic Hard Times

NPR  

Iraqis Forced To Cope With Country's Economic Hard Times In Iraq, a huge share of the country relies on government salaries. FORDHAM: The reason for the slump is that Iraq's government depends on oil exports. Looking ahead, Al-Saffar says the world could soon use less fossil fuel and that would help fight climate change but would crater oil revenue. FORDHAM: He wants to increase taxes, reduce the number of government employees, improve education to ultimately stimulate the private sector so people aren't so dependent on government money.

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History of this topic

Syria’s economic pains far from over despite Assad’s ouster
2 months ago

Syria’s economic pains far from over despite Assad’s ouster

Associated Press  

DAMASCUS, Syria — Samir al-Baghdad grabbed his pickax and walked up a wobbly set of stairs made of cinderblocks and rubble. “Economic opportunities are basically nonexistent,” al-Baghdadi said, sitting on a pile of rubble and debris where the house’s entrance used to be. “So we’re going to slowly rebuild with our own hands.” Although Syrian President Bashar Assad was toppled …

Explained: What’s driving Syria's economic crisis?
2 years, 2 months ago

Explained: What’s driving Syria's economic crisis?

Firstpost  

Apart from the COVID-19 pandemic and Russia’s war in Ukraine, the most important factor driving up global fuel prices in Syria is a recent slowdown in oil shipments from Iran, which has been Damascus’ primary source of fuel Beirut: Syria’s economy has hit its lowest point since the start of its civil war nearly 12 years ago, with spiralling inflation, …

In Iraq's 'Dire' Economy, Poverty Is Rising — And So Are Fears Of Instability
4 years, 1 month ago

In Iraq's 'Dire' Economy, Poverty Is Rising — And So Are Fears Of Instability

NPR  

In Iraq's 'Dire' Economy, Poverty Is Rising — And So Are Fears Of Instability Enlarge this image toggle caption Alice Fordham/NPR Alice Fordham/NPR With the gold domes of the famed Kadhimiya shrine as a backdrop, nearby streets full of shops, markets and tea-sellers in Baghdad look bustling and vibrant, even at night. "Regarding the economic situation and the rise of …

Finance minister says Iraq's leaders willing to make reforms
4 years, 5 months ago

Finance minister says Iraq's leaders willing to make reforms

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Now, I think there is recognition that unless oil …

Iraq: A country in shambles
13 years, 2 months ago

Iraq: A country in shambles

Al Jazeera  

Despite promises made for improvements, Iraq’s economy and infrastructure are still a disaster. “We’ve added projects to increase water availability, and we are hoping to stop the ongoing shortage by the end of 2012.” According to Hassan, 80 per cent of the Baghdad’s piping network needs rehabilitation – work currently underway – in addition to positioning 100 compact units around …

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