Iraq to tackle domestic, external debts amid economic challenges

The Iraqi government navigates a complex landscape of domestic and external debt, with internal obligations exceeding $45 billion and external debt significantly reduced to $8.9 billion. While external debt accounts for less than 30 percent of GDP, domestic debt presents a heavier burden tied to local financial institutions.

Dec. 23, 2024

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Iraq faces growing security risks as al-Hol camp remains breeding ground for extremism

The al-Hol Camp in northern Syria, housing thousands of ISIS-affiliated families, poses a threat to Iraq due to its proximity and the potential for militants to infiltrate Iraqi borders. Iraqi officials have warned of ISIS regrouping and highlighted the need for dismantling the camp, which they describe as a hub for extremist ideologies.

Dec. 23, 2024

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Iraqi faction says will not hand over arms amid international pressure

"The US does not have the right to ask Iraq such a request," said the faction spokesperson

Dec. 19, 2024

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US stresses stability, counter-terrorism in post-Assad Syria, counterterrorism: spox

The US is focusing on countering ISIS, addressing Iran's influence, and supporting stability in the Middle East following the fall of Bashar al-Assad's regime in Syria, State Department Arabic spokesperson Michael Mitchell told The New Region.

Dec. 18, 2024

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Iraq seeks resumption of Kurdish oil exports, considers reviving pipeline with Syria

Iraq is advancing efforts to resume oil exports from the Kurdistan Region through Turkey's Ceyhan port, following a halt since March 2023 due to a legal dispute. Baghdad is also exploring the revival of the Kirkuk-Baniyas pipeline to the Mediterranean, a project estimated to cost $8 billion and take years to complete.

Dec. 18, 2024

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President Barzani’s message ‘of utmost importance’: New Syrian administration official

"All Syrians have great respect and appreciation for him [Barzani]," said the senior official

Dec. 16, 2024

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KDP, PUK delegations to meet in Pirmam Tuesday

The parties held their first meeting on government formation in late November

Dec. 16, 2024

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Iraq anticipates Iranian gas exports to resume next week amid power struggles

Iranian gas exports to Iraq, crucial for powering the country’s national grid, remain suspended due to ongoing maintenance in Iran, causing significant power shortages across Iraq. The Iraqi Ministry of Electricity expects the exports to resume next week.

Dec. 15, 2024

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Iraq eyes revival of Kirkuk-Baniyas oil pipeline to diversify export routes

Iraq is exploring the revival of the Kirkuk-Baniyas oil pipeline through Syria to reduce reliance on Turkey's Ceyhan route and expand access to European markets. The pipeline, once a critical export channel, has been dormant since the 1980s due to political and security issues.

Dec. 14, 2024

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