The Kurdistan Region of Iraq (KRI) Property Market Report, including a survey, followed by several meetings of counselling and planning at the Rudaw Research Center. The report was accomplished by efforts and supervision of our colleague, Mahmood Baban and his team. It provides detailed information on the price trend in the KRI real estate market
On March 7, 2022, the price of one barrel of oil has raised to 140$, which is the highest price record for the past 12 years. The increase was in ways that in less than 24 hours, the price raised 30% percent, following the announcement from Biden administration and U.S. Congress that they are preparing a ruling to ban oil importation from Russia
The Kurdistan Labor Law, with 120 pages, consisting of 20 chapters and 154 articles, was submitted to the Kurdistan Parliament Presidency for its second reading. Reasons for proposing the draft include changes and regulation of employer-worker relations
The Iraqi dinar, the Iranian Rial, and the Turkish and Syrian Lira are not the only ones declining against the dollar, but most of the US competitor's currencies have fallen this year. According to official data, in 2022, most other currencies, such as the Japanese yen, the Chinese Yuan, the British Pound, and the Euro, have lost value by -14% to -6% against the dollar
The unveiling of the Spice Route potentially poses a significant setback to Sudani's ambitious vision of bridging Asia and Europe through a development road project. Indeed, global infrastructure endeavors carry both economic and political significance, and this could explain why Iraq finds itself excluded from the recent initiative aimed at linking Asia and Europe, as unveiled during the latest G20 meeting.
China's trade with Iraq has consistently expanded year after year, with recent figures nearing $50 billion, representing over two-thirds of Iraq's exports to China. Moreover, China's investments in Iraq's energy and real estate sectors have surpassed those of neighboring countries over the last two decades.
