iPhone | iPad
Android
Huawei
Fallout from Iran's actions were to an extent priced in by markets
KT APPDOWNLOAD
IMF urges Iraq to bolster non-oil sector
WASHINGTON -The International Monetary Fund, or IMF, forecast that Iraq’s economy would grow around nine per cent this year helped by surging oil production, but said Baghdad needs to do more to support private, non-oil business.
Ten years after the launch of the US war on Iraq, the IMF said the country had been successful at maintaining macroeconomic stability despite a difficult political and security environment.
The economy grew around eight per cent last year underpinned by rising oil production and “robust” non-oil activity.
Growth should pick up again this year as oil output was predicted to gain about 10 per cent to 3.3 million barrels a day.
The IMF said Baghdad needed better controls of state spending, including ending off-budget disbursements, and it urged its central bank to step up bank monitoring and slowly liberalise the forex market.
More news from
DXB said in a statement that airport 'recovery will take some time' after there was flooding caused by rainwater on the runway
The 22-time Grand Slam title winner was returning to action for the first time after missing most of the 2023 season
For the company's founders, it was a way to give back to the community
Unlocking Holistic Health: Camp to address all acute and chronic issues
Pizza Di Rocco expands into new communities
World No 3 focused on winning in Stuttgart, Madrid or Rome to get a title on the surface under her belt
Roads were shut and stern warnings were issued as the country experienced extreme weather conditions
