العربية
Business

Iraq approves $2.7b financing package to stimulate economy

Iraq has approved a 3.5 trillion dinar ($2.7 billion) financing package directed by Prime Minister Ali Faleh Al-Zaidi to stimulate its economy. The package aims to finance projects, support real estate, industrial, and agricultural sectors, and settle dues owed to contractors and farmers. This initiative comes amidst significant economic pressures on Iraq, including disruptions to oil exports and declining government revenues.

Read the full article at Arab News

More on this topic

Business

إضاءة دبي

Moscow, Russia – October 13, 2026 – (SeaPRwire) – On 13 October, the Russian international settlement system A7, created by Bank PSB, is set to present A7 International, a service enabling payments for a foreign counterparty’s invoice in USDT, with the funds arriving via a standard SWIFT bank transfer in the required currency. The service will cater […]

إضاءة دبي

Business

AI investment props up global growth, but war and debt threaten outlook, IMF says

By David LawderBANGKOK, Oct 13 (Reuters) - The global economy will still manage to top 3% real GDP growth this year as strong AI investment offsets the energy shock from the war in the Middle East, but downside risks are mounting and more countries are being left behind and vulnerable to rising debt loads, the International Monetary Fund said on Tuesday.Despite a more protracted conflict that has kept oil prices above $100 a barrel, the IMF is forecasting 2026 global growth at 3.1%, a slight uptick from the 3.0% it predicted in July.

Al-Monitor