Economy

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

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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