On July 2, 2014 the government of Iraq announced that it will subsidize basic foods during the holy month of Ramadan. The program aims to protect Iraqi families from price hikes in local food markets. The government has signed agreements with international companies worth almost $500 million to supply the food. The contracts are set to take effect immediately.
For the original July 2, 2014 piece from Al-Shorfa referenced in this summary, click here.