Archive | Iraq Banking & Finance News

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

CBI Dollar Sales Up by 55% on Thursday

The Central Bank of Iraq (CBI) dollar sales rose by 55% to reach $227.190 million in its daily auction on Thursday, compared to $155.251 million during the previous session. “The demand hit $16.480 million in cash, covered at exchange rate of 1,170 Iraqi dinars per dollar, and $210.710 million in foreign transfers outside the country, […]

3 Arab & Foreign Companies Wish to Invest in Karbala

Three delegations of Arab and foreign companies have visited Karbala to implement investment projects in it, a media spokesman for Karbala investment commission said on Wednesday. “The delegations visited the city to be acquainted with the investment opportunities and its needs,” Raed al-Asali told Aswat al-Iraq news agency. “The companies are; a Bahraini interested in […]

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Conference in Turkey on Investment Opportunities in Basra

A delegation from Basra province headed on Tuesday to Turkey to attend a conference next Thursday on investment opportunities in the southern province, an official source said. “The delegation is chaired by Governor Sheltagh Aboud and includes a number of the local council,” Mahmoud al-Taan, the official of the industrial development committee, told Aswat al-Iraq news […]

Iraq Ministry of Trade to receive $1bn loan

The Iraqi Ministry of Finance has announced that it will loan the Ministry of Trade $1bn to secure its needs. A statement issued by Finance’s media office, said” Minister of Finance al- Zubeidi ordered Iraqi Bank for Trade to loan the Ministry of Trade with $1bn to pay the dues of tradesmen and settling their […]

Kurdish PM and Iraq Finance Minister Tackle Outstanding Issues

The Prime Minister of Iraq’s Kurdistan region, Barham Saleh, has received the Iraqi minister of finance, Bayan Jabr, to discuss pending issues between Baghdad and Arbil, an official statement said on Tuesday. “The visit has been devoted to outstanding financial issues between the federal government and the Kurdistan Regional Government (KRG),” read the statement that […]

Finance Minister to Visit Kurdistan

The Iraqi minister of finance, Bayan Jabr, will soon arrive in the capital of Iraq’s Kurdistan, Arbil, to meet with the regional premier and officials, an informed source said on Monday. “The minister is expected to meet with the prime minister of the Kurdistan Regional Government (KRG), Dr. Barham Saleh, and other officials,” a media […]

Budget Should Be Ready 3 Months Ahead of FY – Think-tank

The government should submit the budget three months before the beginning of fiscal year (FY), the Iraqi Institute for Economic Reform recommended on Saturday. “The recommendations will be submitted to government and parliament to adopt them,” Manaf al-Saaigh, the Institute’s director, told Aswat al-Iraq news agency. He said that the recommendations stressed that international transparency […]

Iraq VP Urges Civil Society Organizations to Help Achieve Sustained Development

Iraq Vice President Adel Abdulmahdi has stressed the role of civil society organizations in achieving a long-term sustained development in the country. This came during his speech at a development conference held in Diwaniya, which was attended by Aswat al-Iraq news agency. “Cash and financial capabilities must be developed to achieve a real sustained development […]

10 Thousand Part-time Jobs during Election

The Iraqi Ministry of Labor and Social Affairs announced that 10,000 part-time jobs have been offered in coordination with the Independent High Electoral Commission (IHEC) in Iraq. A source from the Ministry told Aswat al-Iraq news agency that the information presented by each unemployed candidate has been checked by the Ministry.

Middle East Firms Build Up Operations in Iraq

While Western firms notch up high-profile deals in Iraq, smaller regional companies from Iran to Turkey are quietly building a broader Iraqi presence by pumping billions of dollars into housing and other projects. Pledges by companies to invest in Iraq are suddenly taking off as violence falls sharply and the government seeks help to rebuild […]

Finance Minister and MP Review 2010 Budget

Finance Minister Baqer al-Zubaidi reviewed with chairman of the parliament’s finance committee the 2010 general budget, according to a Ministry’s statement. “The minister received on Monday (Dec. 14) Alaa al-Saadon and discussed with him the 2010 general budget and measures taken by the Ministry to answer the committee’s questions and inquiries,” said the statement received […]