2nd Annual Mosque Design & Development UAE 2017
 
Sunday, January 22, 2017
Directory Directory Subscribe
Login
 

World Bank expects stronger Iraqi growth

 
 

Please, enter data

Please, enter data

World Bank, 7 January 2016

The World Bank expects the Iraqi economy to grow 3.1 percent in 2016, according its flagship “Global Economic Prospects“ report released yesterday.

This follows an estimated growth of 0.5 percent last year, driven by increased oil production.

Growth rates of 7.1 percent and 6.5 percent are predicted for 2017 and 2018 respectively.

These figures are based on the assumption that the impact of the Islamic State group (IS, ISIS, ISIL, Daesh) on Iraq’s economy will slowly become more limited.

The report warns, however, that with external financing conditions expected to tighten, Iraq could have difficulty attracting enough foreign capital to finance its deficit.

“Budget deficits were financed in 2015 predominantly by borrowing from stateowned banks, the Development Fund for Iraq having been exhausted by 2014,” the report argues, adding that “bank borrowing is putting liquidity under strain“.

World Bank
7 January

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Doha Festival City set for opening in March 2017
The Peninsula, 20 January 2017

This March will see the much anticipated opening of the largest entertainment and retail development in the Gulf, Doha Festival City.

When the ...

Read full story
Doha Festival City set for opening in March 2017
Egypt on track to receive IMF loan's second tranche
Reuters, 20 January 2017

Egypt is on track to receive the second tranche of a $12 billion three-year loan from the International Monetary Fund pending a visit in the end of February to ...

Read full story
Egypt on track to receive IMF loan's second tranche
Nestle signs agreement to acquire Egyptian Instant Coffee Caravan
ArabFinance, 20 January 2017

Nestlé SA announced today that it has signed an agreement to acquire Caravan Marketing Company SAE (“CMC”), a leading Egyptian instant coffee ...

Read full story
Nestle signs agreement to acquire Egyptian Instant Coffee Caravan
Back to Home Page 1084 --- 385 <><><> 669.66666666667.....exvideo=0....eximage=0
P 0
BR 13

Smart Parking Qatar 2017

 

 
2nd Annual Marine Data Infrastructure GCC
30 - January 2017
3rd Annual Future Landscape & Public Realm UAE
6 - February 2017
LightingTech KSA
6 - March 2017
Smart Parking Jeddah
13 - March 2017
3rd Annual RetrofitTech UAE Summit & Awards
20 - March 2017
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Project Qatar 2017

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Iraq Agro-Food - Erbil - 20 November - 23 November 2017  
IFP Group Events Calendar

 


Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Energy Lebanon
Project Lebanon
Qatar
Heavy Max
Project Qatar
Qatar StoneTech
Iraq
Iraq Agro-Food - Erbil
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2017 - © All rights reserved