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By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "The Opportunity in Retail Banking" The market, as measured by the Rabee Securities RSISX USD Index, was up 6.9% for the month, and up 16.2%
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "The Opportunity in Retail Banking" The market, as measured by the Rabee Securities RSISX USD Index, was up 6.9% for the month, and up 16.2%
Can New Tech Save Iraq’s Old Economy?
As the United States recalibrates its relationship with Iraq, the advent of Iraq’s cyber economy also provides an opportunity for the Biden administration to consider how it can encourage the evolution of Iraq’s economy.
Eighteen years after a U.S.-led invasion ended President Saddam Hussein’s rule, Iraq’s moribund economy is poised to make a technological leap that could enable it to bypass both structural problems and petty corruption that have strangled its private sector. On May 1, 2021, the Trade Bank of Iraq will inaugurate its mobile money app. The move might seem minor but across the globe, the ability to pay by phone has enabled countries to leapfrog over poor physical banking infrastructure, dried up common corruption schemes, and catalyzed innovation.