IMF slashes Middle East growth outlook due to war disruptions

In its latest World Economic Outlook report, the IMF said the regional economy was projected to contract by 0.3 percent, compared to its projected 1.9 percent growth six months ago.

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PM Barzani says digitalization key to Kurdistan Region economy at HITEX

Barzani congratulated attendees “who have made inventions in advancing the digital sector and digitizing services in the Kurdistan Region,” highlighting the importance of these efforts in advancing the Region’s economy and creating jobs.

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IRGC says gov't support key to overcoming US economic pressure

"The synergy between the IRGC and the government is the password to overcome multi-layered sanctions and strengthen national resilience," the IRGC said in a statement, while noting that Iran is in an “unequal and all-out battle” with the US and Israel.

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Iraq to slash three zeros from currency, introduce new notes

It also aims to curb the use of cash outside the system, which may be used for criminal activities and corruption, he explained.

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Iran's leaders think they have Trump cornered, but their strategy carries great risks

Iran's resilience has limits and there are concerns that an economic crash could trigger unrest.

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Iraqi finance minister requests audience with parliament

“The minister emphasized that this request stems from the ministry's commitment to providing the people's representatives with an accurate picture of the financial and economic reality, as well as the measures the ministry is taking to ensure the fulfillment of the state's fundamental obligations and the continued implementation of financial and administrative reform programs,” said the Iraqi finance ministry.

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CBI denies printing money to combat financial crisis 

The Central Bank of Iraq said Sunday that "describing treasury bill discount operations as printing money is inaccurate," stressing that such measures are temporary liquidity tools backed by government debt and differ fundamentally from issuing new currency.

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Financial ‘catastrophe’ awaits Iraq if Iran war continues: FM

Iraq's oil exports went down from around 100 million barrels in February to under 10 million in April due to the US-Israel war on Iran.

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Iraq struggles to balance 2026 budget amid Strait of Hormuz closure: Official

The sharp drop in export capacity is a direct result of the tightened restrictions placed on the vital Strait of Hormuz amid the US-Iran conflict.

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