The Arab Economic Summit,
19-20 January 2009,
State of Kuwait

Republic of Iraq


Head of State Jalal Talabani is the current President of Iraq and a leading Kurdish politician.

Geography

Iraq is a country in Western Asia spanning most of the northwestern end of the Zagros mountain range, the eastern part of the Syrian Desert and the northern part of the Arabian Desert. It shares borders with Kuwait and Saudi Arabia to the south, Jordan to the west, Syria to the northwest, Turkey to the north, and Iran to the east.

There are two major flowing rivers: the Tigris and the Euphrates. These provide Iraq with agriculturally capable land and contrast with the desert landscape that covers most of Western Asia.

The capital city, Baghdad , and the total area of the country is 438,317 km2 .


Climate

The local climate is mostly desert, with mild to cool winters and dry, hot, cloudless summers. The northern mountainous regions (Kurdistan region have cold winters with occasional heavy snows, sometimes causing extensive flooding.

Currency The Dinar is the currency of Iraq , subdivided into 1,000 fils.

Economy

Dominated by the petroleum sector, which has provided about 95% of foreign exchange earnings and Traditionally, Iraq’s manufacturing activity has been closely connected to the oil industry. The major industries in that category have been petroleum refining and the manufacture of chemicals and fertilizers.

There are two major flowing rivers: the Tigris and the Euphrates. These provide Iraq with agriculturally capable land and contrast with the desert landscape that covers most of Western Asia, the main agricultural crops were wheat, barley, corn, rice, vegetables, dates, and cotton, and the main livestock outputs were cattle and sheep.

In 2007, hydrocarbon industries accounted for well over 70 per cent of the Iraqi economy and 95 per cent of the government's revenues.

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