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The economy of Iraq is dominated by the oil sector, which has provided about 99.7% of foreign exchange earnings during its modern history. As of 2021, the oil sector provides about 92% of foreign exchange earnings. Iraq's hitherto agrarian economy underwent rapid development following the 14 July Revolution (1958) which overthrew the Hashemite Iraqi monarchy. It had become the third-largest economy in the Middle East by 1980. This occurred in part because of the Iraqi government's successful industrialization and infrastructure development initiatives in the 1970s, which included irrigation projects, railway and highway construction, and rural electrification.
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee.
The Oil-for-Food Programme (OIP) was established by the United Nations in 1995 to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi citizens without allowing Iraq to boost its military capabilities.
Richard Norman Perle is an American political advisor who served as the Assistant Secretary of Defense for Global Strategic Affairs under President Ronald Reagan. He began his political career as a senior staff member to Senator Henry "Scoop" Jackson on the Senate Armed Services Committee in the 1970s. He served on the Defense Policy Board Advisory Committee from 1987 to 2004 where he served as chairman from 2001 to 2003 under the Bush administration before resigning due to conflict of interests.
KBR, Inc. is a U.S. based company operating in fields of science, technology and engineering.
The United States is a charter member of the United Nations and one of five permanent members of the UN Security Council.
War reparations are compensation payments made after a war by one side to the other. They are intended to cover damage or injury inflicted during a war. War reparations can take the form of hard currency, precious metals, natural resources, industrial assets, or intellectual properties. Loss of territory in a peace settlement is usually considered to be distinct from war reparations.
In May 2003, following the invasion of Iraq in March of that year, the Central Bank of Iraq-Development Fund for Iraq (DFI) account was created at the U.S. Federal Reserve Bank of New York at the request of the Coalition Provisional Authority (CPA) Administrator. A part of the fund has been transferred to Baghdad and Iraq, and the DFI-Baghdad account was opened at the Central Bank of Iraq "for cash payment requirements". The fund also eventually received money from seized and "vested" Iraqi bank accounts and funds seized by coalition forces. $650 million of this amount belongs to Uday Saddam Hussein, the older son of the former Iraqi president. The DFI have been disbursed mainly for "the wheat purchase program, the currency exchange program, the electricity and oil infrastructure programs, equipment for Iraqis security forces, and for Iraqi civil service salaries and ministry budget operations".
Kuwait Petroleum Corporation is Kuwait's major national oil company, headquartered in Al Kuwait.
United Nations Security Council resolution 986, adopted unanimously on 14 April 1995, after reaffirming all resolutions on Iraq and noting the serious humanitarian situation with the Iraqi civilian population, the council, acting under Chapter VII of the United Nations Charter, established a mechanism whereby Iraqi oil exports would finance humanitarian aid to the country, which later became known as the Oil-for-Food Programme.
Iraq, officially the Republic of Iraq, is a country in West Asia and a core country in the geopolitical region known as the Middle East. With a population of over 46 million, it is the 30th-most populous country. It is a federal parliamentary republic that consists of 18 governorates. Iraq is bordered by Turkey to the north, Saudi Arabia to the south, Iran to the east, the Persian Gulf and Kuwait to the southeast, Jordan to the southwest, and Syria to the west. The capital and largest city is Baghdad. Iraqi people are diverse; mostly Arabs, as well as Kurds, Turkmen, Yazidis, Assyrians, Armenians, Mandaeans, Persians and Shabakis with similarly diverse geography and wildlife. Most Iraqis are Muslims – minority faiths include Christianity, Yazidism, Zoroastrianism, Mandaeism, Yarsanism and Judaism. The official languages of Iraq are Arabic and Kurdish; others also recognized in specific regions are Turkish, Suret, and Armenian.
Refugees of Iraq are Iraqi nationals who have fled Iraq due to war or persecution. In 1980- 2017, large number of refugees fled Iraq, peaking with the Iraq War and continuing until the end of the War in Iraq (2013–2017). Precipitated by a series of conflicts including the Kurdish rebellions during the Iran–Iraq War, Iraq's Invasion of Kuwait (1990) and the Gulf War (1991), the subsequent sanctions against Iraq (1991–2003), culminating in the Iraq War and the subsequent War in Iraq (2013–2017), millions were forced by insecurity to flee their homes in Iraq. Iraqi refugees established themselves in urban areas in other countries rather than refugee camps.
Proposition 12 appeared on the November 4, 2008 ballot in California. It is also known as the Veterans' Bond Act of 2008. The measure was legislatively referred to the ballot in Senate Bill 1572. The primary sponsor of SB 1572 was Senator Mark Wyland, R-Carlsbad. The vote to place the measure on the ballot was passed unanimously in both the California state senate (39-0) and assembly (75-0).
Amjad Radhi Yousif Al-Janabi is an Iraqi professional footballer who plays for Erbil in the Iraqi Premier League. He won the 2009–10 Iraqi Premier League and 2012–13 Iraqi Premier League top scorer awards, as well as the 2012 AFC Cup top scorer award. He is the Iraqi Premier League's all-time record goalscorer.
JVL Ventures, LLC d/b/a Softcard, was a joint venture between AT&T, T-Mobile and Verizon which produced a mobile payments platform known as Softcard, which used near-field communication (NFC) technology to allow users to pay for items at stores and restaurants with credit and debit card credentials stored on their smartphones. The partnership was first announced on November 16, 2010; following a trial period in 2012, the service officially launched nationwide on November 14, 2013. The official Softcard app was available for NFC-compatible smartphones using the Android operating system and later on Windows Phone 8.1.
The Qi Card also known for International Smart Card ISC is an Iraqi debit card and is the national credit card of Iraq. It is pronounced as 'key', and it is the reversed form of iq, the ISO 3166 code for Iraq. It has about 3,000 employees, as well as 9 million card users. Its capital is estimated at more than 85 billion Iraqi dinars (2021).
Iraq was the world's 5th largest oil producer in 2009, and has the world's fifth largest proven petroleum reserves. Just a fraction of Iraq's known fields are in development, and Iraq may be one of the few places left where vast reserves, proven and unknown, have barely been exploited. Iraq's energy sector is heavily based upon oil, with approximately 94 percent of its energy needs met with petroleum. In addition, crude oil export revenues accounted for over two-thirds of GDP in 2009. Iraq's oil sector has suffered over the past several decades from sanctions and wars, and its oil infrastructure is in need of modernization and investment. As of June 30, 2010, the United States had allocated US$2.05 billion to the Iraqi oil and gas sector to begin this modernization, but ended its direct involvement as of the first quarter of 2008. According to reports by various U.S. government agencies, multilateral institutions and other international organizations, long-term Iraq reconstruction costs could reach $100 billion (US) or higher.
Dana Gas PJSC is a publicly traded natural gas company, based in Sharjah, United Arab Emirates (UAE). Incorporated and listed on the Abu Dhabi Securities Exchange in 2005, Dana Gas is the largest non-government owned natural gas company in the Middle East, with operations in Egypt, Iraqi Kurdistan, and the UAE. The company and Crescent Petroleum have equal stakes in the Pearl Petroleum consortium. Hamid Dhia Jafar and Patrick Allman-Ward serve as chairman and chief executive officer of Dana Gas, respectively.
The 1966 Arab Cup Final was a football match that took place on 10 April 1966, at the Al-Kashafa Stadium in Baghdad, Iraq, to determine the winner of the 1966 Arab Cup. Iraq defeated Syria 2–1 with two goals from Ismail Gorgis to Iraq and a goal from Nureddin Idlibi to Syria, to win their second Arab Cup.
Iraq–Vietnam relations refers to the bilateral relations between Iraq and Vietnam.
