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Iraq faces a budget crunch in 2025 due to the slump in the price of oil, the overwhelming source of government revenue, a top economic adviser to Prime Minister Mohammed Shia al-Sudani said. "We ...
The Philippines contributed troops to the United States-led Multi-National Force in Iraq in 2003. After an Overseas Filipino Worker by the name of Angelo dela Cruz was kidnapped and threatened with death by militants, the Philippine Government decided to move the scheduled end of the tour of duty of its contingent a few weeks early.
By the time of the US invasion of Iraq in 2003, the program had disbursed $8.35 billion to the KRG. Iraqi Kurdistan's relative food security allowed for substantially more of the funds to be spent on development projects than in the rest of Iraq. By the program's end in 2003 $4 billion of the KRG's oil-for-food funds remained unspent.
Business and economy Argentine debt restructuring Argentina 's country risk index, measured by the JPMorgan GBI-EM Index , briefly drops to 444 points, its lowest level since 2018, before closing at 561 points due to technical adjustments linked to upcoming bond payment amid improved market sentiment driven by cooling inflation and signs of ...
Iraq's central bank must address continued risks of the misuse of dollars at Iraqi commercial banks to avoid new punitive measures targeting the country's financial sector, a top U.S. Treasury ...
BAGHDAD (Reuters) -The United States and Iraq have reached an understanding on plans for the withdrawal of U.S.-led coalition forces from Iraq, according to multiple sources familiar with the matter.
The economy of Iraq is dominated by the oil sector, which provided 89% of foreign exchange earnings in 2024. [15] During its modern history, the oil sector has provided about 99.7% of foreign exchange earnings. [16] Iraq's agrarian economy underwent rapid development following the 14 July Revolution in 1958 which overthrew the Hashemite Iraqi ...
The Philippine Embassy in Baghdad is provisionally headed by a chargé d'affaires, pending the appointment of a new ambassador by the Philippine government.The current chargé d'affaires is Christopher P. Castillo, while the last resident ambassador was Generoso D.G. Calonge, who was appointed to the position by President Rodrigo Duterte on February 16, 2021. [12]