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Economy

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

Iraqi Central Bank report shows financial recovery in past 10 years

Economic indicators have showed the recovery of the banking and financial sector in Iraq during the past ten years.
By TRENDS Desk
August 23, 2022 1:35 pm
  • A Central Bank of Iraq report showed that the unemployment rate rose to 16.5 percent in 2021, compared to 11.9 percent in 2012
  • As for imports, they decreased from $50 billion in 2012 to $34 billion in 2021, as well as exports which decreased from $94 billion in 2012 to $73 billion in 2021

Economic indicators have shown the recovery of the banking and financial sector in Iraq during the past ten years, in contrast to the high unemployment rate.

A Central Bank of Iraq report showed that the unemployment rate rose to 16.5 percent in 2021, compared to 11.9 percent in 2012. 

The foreign reserves also decreased from $69.6 billion in 2012 to $63.8 billion in 2021.

As for imports, they decreased from $50 billion in 2012 to $34 billion in 2021, as well as exports which decreased from $94 billion in 2012 to $73 billion in 2021.

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