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After tough 2020, Iraq eyes more economic pain ahead | AFP

December 17, 2020December 18, 2020 / Maya Gebeily / Leave a comment

[Published here December 17, 2020]

A year of economic agony for pandemic-hit and oil-reliant Iraq is drawing to a close, but a draft 2021 budget involving a hefty currency devaluation could bring more pain for citizens.

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Without urgent reform, Iraq economy will face irreparable shocks: minister to AFP

June 22, 2020June 23, 2020 / Maya Gebeily / Leave a comment

[Published here on June 22, 2020]

Baghdad (AFP) – Iraq’s economy could reach irreversible lows within the next year unless urgent reform measures are adopted, its finance minister warned in an exclusive interview with AFP on Monday.

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Iraq faces financial calamity after crude crash | AFP

March 19, 2020March 19, 2020 / Maya Gebeily / Leave a comment

[Published here March 19, 2020]

Baghdad (AFP) – Between plummeting oil prices, political deadlock and reduced global appetite for a bail-out, Iraq is on the cusp of financial calamity that could force austerity measures and renew anti-government protests.

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Iraq sets up ‘loophole’ in US sanctions to buy Iranian power | AFP

July 2, 2019July 2, 2019 / Maya Gebeily / Leave a comment

[Published here July 2, 2019]

Baghdad (AFP) – Iraq is establishing a financial “loophole” to continue buying vital gas and electricity from Iran despite US sanctions, AFP has learned, mirroring a European mechanism that came into effect Friday.

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Take it to the mountain.
"This is the fight of our lives."
Less than a week ahead of Lebanon’s parliamentary elections, the main roads and roundabouts in the country’s north are splattered with slogans and self-confident smiles - but few seem to have won over voters in Sunni-majority districts. That’s cause for concern for anti-Hezbollah candidates, who fear that widespread disillusionment and the splintering of the traditional Sunni political leadership could pave the way for Hezbollah-aligned candidates to score. What does that mean for the makeup of Lebanon’s next parliament, and the major decisions the body will take in the months ahead? Full @reuters story in the link in my bio.
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