Economics

IRAQ-ENERGY/AKKAS

Anbar sets terms for investment

Anbar's governor is aiming to create a business climate that attracts investment while putting his province's needs first.

  • Iraqi Foreign Minister Zebari takes his seat before the start of a high-level United Nations Security Council meeting at UN headquarters December 15, 2010 in New York City. The Security Council is taking steps to restore Iraq's international standing by lifting sanctions including those that barred the country from obtaining a civilian nuclear program. On July 1, 2011, Iraq was officially free of UN sanctions restricting its oil revenues. (MARIO TAMA/Getty Images)

    Iraq oil money retains US protection

    American immunities still protect Iraqi money held in U.S., but expiration of U.N. sanctions leaves other assets vulnerable to reparations and debt claims.

  • Iraqi Foreign Minister Zebari takes his seat before the start of a high-level United Nations Security Council meeting at UN headquarters December 15, 2010 in New York City. The Security Council is taking steps to restore Iraq's international standing by lifting sanctions including those that barred the country from obtaining a civilian nuclear program. On July 1, 2011, Iraq was officially free of UN sanctions restricting its oil revenues. (MARIO TAMA/Getty Images)

    Iraq to lose UN protections on oil money

    Iraq has six months to reach payment deals with Kuwait and other creditors, a doable but critical task that will make or break the country’s financial foundations.

  • Iraqi workers build the base of a small bridge in central Baghdad on May 12, 2010, as part of municipal projects aimed at helping ease traffic in the congested Iraqi capital. (ALI AL-SAADI/AFP/Getty Images)

    Plans vague, rely on oil

    A new 5-year plan for economic and social development in Iraq offers little details, but relies on oil exports to double and fund projects that will only succeed if security improves.

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