The U.S. Treasury announced sanctions on the International Development Bank of Iraq, citing connections to Iranian government entities. At the same time, the International Monetary Fund pledged both financial and policy assistance after Iraq devalued its dinar by…
Continue reading Iraq Faces New US Sanctions, IMF Support, and Regional Diplomatic MovesThe U.S. Treasury has imposed sanctions on the International Development Bank of Iraq, citing its connections to Iranian government entities. This move comes amid growing concerns over Iraq’s financial ties to Tehran and follows a series of Western…
Continue reading US Treasury Sanctions Iraq Development Bank as IMF Announces Funding SupportKey developments: Foreign Minister Fuad Hussein warned that the ongoing US‑Iran conflict has cost Iraq about $60 billion, a hit that strains the country’s budget and exacerbates the broader regional energy crunch. At the same time, Hussein opened a…
Continue reading Iraq Reports $60 Billion War Losses, Opens New Vatican Embassy, Secures QS University Rankings and Signs Morocco Security MoUIraqi Foreign Minister Fuad Hussein officially opened a newly built embassy in the Vatican, marking the 60th anniversary of diplomatic ties between Iraq and the Holy See. The ceremony highlighted the longstanding relationship founded on shared values such…
Continue reading Iraq Opens New Vatican Embassy BuildingKey developments: The U.S. Treasury announced sanctions on the International Development Bank of Iraq, citing connections with Iranian government entities. At the same time, Prime Minister Ali al‑Zaidi met Saudi Crown Prince Mohammed bin Salman in Riyadh, reiterating…
Continue reading Iraq Tightens Security and Faces New U.S. Sanctions Amid Regional TensionsThe U.S. Treasury announced sanctions on the International Development Bank of Iraq, citing ties to Iranian government entities. The move tightens financial pressure on Iraq’s banking sector and signals Washington’s intent to curb Iran’s regional funding channels. In…
Continue reading Iraq Faces New US Sanctions and Reaffirms Security Stance with Saudi ArabiaKey developments: The IMF’s October 2026 World Economic Outlook projects a sharp 16% contraction for Iraq’s GDP in 2026, reversing a modest 0.4% decline in 2025. Inflation is expected to jump to 3.5% in 2026 before easing to…
Continue reading IMF predicts Iraq’s economy will plunge 16% in 2026 before a 19% rebound in 2027Key developments: The IMF’s October 2026 World Economic Outlook forecasts a sharp 16% contraction of Iraq’s economy in 2026, followed by a robust 19% growth in 2027. This follows a modest 0.4% decline in 2025 and accompanies a…
Continue reading IMF predicts Iraq’s economy to shrink 16% in 2026 before a 19% rebound in 2027Key developments: The IMF’s October 2026 World Economic Outlook projects a severe contraction for Iraq’s economy in 2026, with a 16% drop in GDP, following a modest 0.4% decline in 2025. Inflation is forecast to climb sharply to…
Continue reading IMF predicts Iraq’s economy to shrink 16% in 2026 before a 19% rebound in 2027Prime Minister Al‑Zaidi’s trip comes as Iraq seeks to play a stabilising role after a deadly drone strike on Riyadh’s King Khalid International Airport that killed at least 12 people and injured more than 300. Baghdad has publicly…
Continue reading Iraqi Prime Minister Ali Falih Al‑Zaidi heads to Saudi Arabia and Kuwait amid rising regional tensions
