Kurdistan Economy - MarcoPolis

Inside lraq’s Cash Economy: Fully Reserved Banking in a Monetary Dystopia

Peter Matay — Mon, 02 May 2016 13:08:00 +0000

As is the case in many conflict and post-conflict economies, in Iraq the private sector is primarily cash-based. Bank financing is unavailable for all but the largest companies and even then is limited mainly to overdraft facilities.

The post Inside lraq’s Cash Economy: Fully Reserved Banking in a Monetary Dystopia first appeared on MarcoPolis.

Iraqi Kurdistan Economic Report 2016: Kurdistan’s Great Recession

Peter Matay — Fri, 08 Jan 2016 13:08:35 +0000

Not long ago, the future looked bright for the Kurdistan Region of Iraq (KRI). Long an oasis of peace in an otherwise unstable region, by 2013 the three Kurdish provinces of Erbil, Sulaimaniyah, and Dohuk had become the most prosperous part of the country. Not only were they developing their own oil and gas resources but they were also diversifying into non-oil sectors such as cement, tourism, and real estate. In the major cities consumers were flush with cash—business was booming at shopping malls, car dealerships, gold shops, hotels, and restaurants. Iraq’s tallest apartment and office buildings were under construction. The region’s dream of becoming the “next Dubai�� seemed to be fast becoming a reality.
��

The post Iraqi Kurdistan Economic Report 2016: Kurdistan’s Great Recession first appeared on MarcoPolis.

Economic Development of Iraqi Kurdistan and Investment Opportunities

Jacques Yétérian — Thu, 23 Jan 2014 13:53:02 +0000

��
Seven billion dollars was invested in the city of Erbil in the last eight years. The effect of this investment can be seen in the infrastructure and construction of the city. Furthermore, about 65% of an $18 billion investment to support the private sector was spent on Erbil.

The post Economic Development of Iraqi Kurdistan and Investment Opportunities first appeared on MarcoPolis.

Iraqi Market: General Economic Overview by Mark DeWeaver

Jacques Yétérian — Thu, 28 Feb 2013 12:51:08 +0000

��
Mark DeWeaver, co-founder of Quantrarian Capital Management - a DC-based emerging markets hedge fund - and author of Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World's Emerging Economic Giant, discusses the general economic overview of Iraq.

The post Iraqi Market: General Economic Overview by Mark DeWeaver first appeared on MarcoPolis.

Iraq: Long-Term Future of Iraq

Jacques Yétérian — Fri, 22 Feb 2013 14:04:57 +0000

��
View an exclusive interview with the leading private bank in Iraq and the Kurdistan Region of Iraq - North Bank.

The post Iraq: Long-Term Future of Iraq first appeared on MarcoPolis.

Kurdistan: Looming Commodity Curse Amid Success

Jacques Yétérian — Mon, 07 Jan 2013 12:59:59 +0000

��
Exclusive interview with the Chairman of Rabee Securities Shwan Ibrahim Taha.

The post Kurdistan: Looming Commodity Curse Amid Success first appeared on MarcoPolis.

Kurdistan’s Economy: 2013 Budget

Jacques Yétérian — Mon, 07 Jan 2013 09:03:32 +0000

��
Dara Jalil Al-Khayat, President of the Erbil Chamber of Commerce & Industry, talks about the economy, budget and investment in 2013.

The post Kurdistan’s Economy: 2013 Budget first appeared on MarcoPolis.

Economy: Emergence of Market Economy in Kurdistan

Jacques Yétérian — Sun, 06 Jan 2013 21:42:12 +0000

A prominent area of early investment since 2006 has been in the lucrative real estate sector.

The post Economy: Emergence of Market Economy in Kurdistan first appeared on MarcoPolis.

Kurdistan’s Economy: Economic Overview

Jacques Yétérian — Sun, 06 Jan 2013 19:04:43 +0000

At the top of the list driving the region’s economy is Kurdistan’s gas and oil reserves, estimated respectively at 100-200 trillion cubic feet and 45 billion barrels, with possibly another 25 billion potential barrels in unproven reserve.

The post Kurdistan’s Economy: Economic Overview first appeared on MarcoPolis.