Net foreign investment into Iraq declined by 48%.
The Iraqi Statistical Office issued an official report stating that net foreign investment into Iraq fell from $2.9 billion in the second quarter to just $1.5 billion, a decline of 48%.
Foreign direct investment plays a pivotal role in strengthening the Iraqi economy, as it contributes to reducing dependence on the state for foreign currency, in addition to supporting vital economic sectors, according to economic expert Manar Al-Obaidi.
Meanwhile, the Iraqi government announced that net foreign direct investment over the past two years amounted to $63 billion, which contradicts official data released by the Iraqi Statistical Office link