7 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Post-2003 Wealth Shift in Baghdad
After 2003, Iraq underwent extensive changes in its economic structure. New classes of businessmen emerged, benefiting from reconstruction projects and government contracts, transforming from difficult living conditions to amassing substantial wealth through political connections and corruption networks. The influence of traditional trading families declined, while the power of wealthy individuals linked to corruption and contracts grew. Meanwhile, a significant portion of the wealth remains unaccounted for or is invested outside the country. These developments are leading to profound shifts in the distribution of wealth and the Iraqi economy, accompanied by calls to enhance transparency and achieve economic balance.
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