Latest news and articles about iraqi economy from NEX English
The city of Najaf, known for the shrine of Imam Ali, is experiencing an unusual calm as the number of pilgrims has significantly decreased due to regional tensions. Local businesses and hotels are struggling with a lack of customers, threatening the livelihoods of residents.
The value of the Iraqi dinar has dropped by approximately <strong>5%</strong> against the US dollar, reflecting increasing economic pressures due to regional crises, particularly in the oil sector. This decline comes as various economic sectors, especially oil, suffer from the ongoing wars and conflicts in the region.
U.S. Secretary of State Marco Rubio held a phone call with Masrour Barzani, the Prime Minister of the Kurdistan Region of Iraq, expressing gratitude for the Kurdish government's efforts in facilitating Iraqi oil exports to global markets.