Month : April 2022

Arab Monetary Fund (AMF) and African Export-Import Bank (Afreximbank) signed a Memorandum of Understanding (MoU) to set the groundwork for cooperation and interoperability between Buna, the cross-border and multi-currency payment system owned by the AMF, and the Pan-African Payment and Settlement System (PAPSS), owned by Afreximbank. Under the MoU, Buna......

Iraq’s Ministry of Electricity announced today that it intends to sign a new contract with Iran regarding gas supplies. In addition, it noted that the connection with Turkey has reached 100%. A government delegation is scheduled to visit Iran to resolve the issue of gas supplies and rates, the ministry’s......

According to a World Bank report, Iraq ranks higher than all Arab countries in terms of GDP growth in 2022 with 8.9 percent, exceeding the rest of the Arab countries, including Qatar, which is expected to grow by 4.9 percent, Saudi Arabia 7 percent, Kuwait 5.7 percent, UAE 4.9 percent,......

The Iraqi Minister of Transport, Nasser Hussein Al-Shibli, announced today that four modern aircraft will be added to Iraq’s air transport network within the current year. He also stated that the Civil Aviation Authority is now responsible for holding non-governmental carriers accountable. Iraq’s air transport fleet owns 33 aircraft, and......

The International Monetary Fund (IMF) and the World Bank, which are meeting in Washington and are grappling with the impact of the Russian conflict with Ukraine, are focusing on the growing crisis of food insecurity and the skyrocketing prices of food. The US Treasury Department said today that the US......

The OPEC Fund for International Development (OFID) signed a $15 million loan agreement with the government of Malawi to increase water supply and expand sanitation systems in Dowa Town and nearby areas to improve living conditions for an estimated 100,000 residents. OFID is also providing a US$350,000 grant to co-finance......