Why Iraq?

  1. Iraq’s GDP is expected to surge by 9% in 2013, beating China, and positioning Iraq as the world’s second fastest growing economy.
  2. Iraq will account for 45 %of the globe’s oil production over the next two decades, replacing Russia as the world’s second-biggest oil exporter.
  3. Iraqi central bank’s foreign reserves are expected to reach $110 billion by the end of the year, while Iraq’s oil production surpassed 3 million barrels-per-day for the first time in 30 years.
  4. Iraq’s is experiencing improved stability. Sectarian violence has plunged by 90% since 2006-2007.


**Source: World Economic Outlook Database, IMF April 2012, Rabee Securities.
GDP and GDP growth rates estimated on current prices

 
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