Some International Companies Cautiously Return to Iraq
For years, Iraq has careened from crisis to crisis. Now, some foreign companies see opportunity as the turmoil appears to be subsiding. After disruptive anti-corruption protests earlier this year, a degree of stability has returned to parliament. Weak oil prices that sapped its economy have staged a fragile recovery. And Iraqi forces have beaten back […]Sarah Kent and Ali Nabhan write for The Wall Street Journal:
For years, Iraq has careened from crisis to crisis. Now, some foreign companies see opportunity as the turmoil appears to be subsiding.
After disruptive anti-corruption protests earlier this year, a degree of stability has returned to parliament. Weak oil prices that sapped its economy have staged a fragile recovery. And Iraqi forces have beaten back Islamic State to just a few pockets in the country, most recently driving them from Fallujah and Ramadi.
Since then, interest in the country from serious investors has increased, saidMudher Salih, a former senior central bank official who advises Prime Minister Haider al-Abadi on financial policy. “After Fallujah and Ramadi everything changed,” he said.
