Iraq’s sickly economy Iraq’s faltering economy is likely to take a further turn for the worse as oil prices plummet, writes Salah Nasrawi When millions of Iraqi pensioners went to banks and cash points to receive their monthly pensions in December they were stunned to find that their regular payments had been drastically slashed. Some […]
Iraq tightens its belt The people of Iraq will face severe hardships under the country’s new austerity budget, writes Salah Nasrawi With oil prices plummeting and the economy squeezed by inefficiency and corruption, Iraq’s parliament has approved a belt-tightening budget. The step is widely seen as having significant ramifications for the country’s volatile domestic politics and […]