Iraq's New Govt. to Benefit as Rising Oil Will Push GDP Growth in 2022

published:14/10/2021 06:55 GMT

Rising oil prices in the global market will benefit the winners of Iraq's latest election which will have to deal with persistent economic challenges and try to win over a disillusioned population, Emirates NBD said in a new note. The new government will benefit from rising oil prices that should alleviate some of the pressures on its finances, and easing production curbs that will provide a real boost to the economy, said Daniel Richards, MENA Economist at the Dubai-based lender. Oil fell...More