Iraq: Iraq, Torn by War and Strife, is Slowly Drawing the Notice of Investors

Nov 26, 2016 | Dawn Kissi, CNBC
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One of the most unstable countries in the world also happens to have the distinction of being one of the fastest growing economies in the world. Believe it or not, Iraq — riven as it is by terrorist insurgency and civil strife — is expected to grow by a sizzling 7.2 percent this year, according to World Bank data. It recovered from a brutal 9 percent contraction in 2015 and is outpacing the Middle East's average economic growth of 3 percent. And while it may seem unthinkable for now, investors say Iraq could eventually be positioned to become a magnet for investor capital — and it may arrive sooner than many people think.