Archive | Iraq Banking & Finance News

Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.

US in ‘Wait and See’ Position After Iraq Election

The victory of Shiite cleric Moqtada al-Sadr’s party in Iraq’s recent election has put the United States in a wait-and-see position, Defense Secretary James N. Mattis told reporters yesterday in Colorado Springs, Colorado. The secretary was in Colorado to preside at the change-of-command ceremony for North American Aerospace Defense Command and U.S. Northern Command. “History […]

DNO Contemplates New Bond Issue

DNO ASA, the Norwegian oil and gas company with operations in Iraqi Kurdistan, is contemplating the issuance of a new, five-year senior unsecured bond with a minimum size of USD 400 million through a private placement. The coupon rate and the issue size will be determined during the accelerated book building commencing today. The net […]

US puts Sanctions on Iraqi Bank

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force […]

Japan Supports Development of Water Supply and Irrigation

JICA to Support Reconstruction through Development and Rehabilitation of Water Supply and Irrigation Facilities: On 3 May, 2018, the Japan International Cooperation Agency (JICA) and the Iraqi Government signed two loan agreements at Ministry of Finance in Baghdad. These two ODA (Official Development Assistance) loans, amounting to JPY 34,880 million (approximately USD 329 million) in […]

Iraq Investment and Reconstruction Opportunities Forum

Under the Patronage of H.E Prime Minister, Dr. Haider Al Abadi, organized by the General Secretariat of the Council of Ministers and the National Investment Commission (NIC) in cooperation with Economy and Business Group, the Iraq Investment and Reconstruction Opportunities Forum was held in Baghdad on Thursday the 26th April witnessing a wide local, Arab […]

Iraq Targets Terrorism Financing with Blacklist

By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  The UN’s committee overseeing sanctions on the Islamic State and al-Qaeda has approved an Iraqi request to include Al-Kawthar Money Exchange and its owner Umar al-Kubaysi, as well as Salem Mustafa Mohammed al-Mansour, aka […]

IBBC Spring Conference a Huge Success

The Iraq Britain Business Council (IBBC) held its annual Spring Conference at the Mansion House in London and a newly formatted second day forum for Iraqi and UK SMEs to discuss business opportunities at the Royal Overseas League on the 24th and 25th of April. The event proved to be a huge success, with record […]

Positive Indicators at IBBC Conference

By Padraig O’Hannelly. At a major Iraqi business event in London on Tuesday, there was a strong sense that Iraq’s perceived risk profile is improving, and that this is an excellent time to do business in the country. Nearly 300 delegates attended the Iraq Britain Business Council (IBBC)‘s Spring Conference at the Mansion House, which focused […]

Iraq: Building a Diversified and Modern Economy

IBBC Spring Conference 2018 Iraq: Building a diversified and modern economy  Tuesday 24 April at Mansion House, London IBBC’s Spring Conference returns on 24 April 2018, bringing to the heart of London the preeminent political and business figures involved in business and the economy of Iraq. The theme for this years’ conference is Iraq: Building […]