Archive | Iraq Banking & Finance News

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

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 […]

Million+ Households to Benefit from new Financial Programs

The World Bank Group approved the Emergency Social Stabilization and Resilience Project (ESSRP), a US$200 million project that aims to improve the livelihoods of over one million Iraqi in liberated areas through the provision of cash, short-term employment, and other means of social support, namely to the most vulnerable. As the Government of Iraq (GoI) […]

IBBC joins British Chambers of Commerce in boost to UK-Iraq Trade

Iraq Britain Business Council joins British Chambers of Commerce in boost to UK – Iraq Trade IBBC is delighted to announce that we are officially an international affiliate to the British Chambers of Commerce (BCC). The IBBC is now the official organisation to whom British companies and organisations will be referred by the BCC. This […]

Former PwC Partner joins AMAR Management Team

By Robert Cole. Chris Frost, the Chairman of the AMAR International Charitable Foundation’s Finance Committee, has retired from the position after five years at the helm. Since he began his Chairmanship, Mr Frost has skilfully overseen AMAR’s already excellent financial arrangements. A frequent visitor to Iraq and the wider Middle East region during his many years […]

IFC, CBI to Strengthen Corporate Governance in Banking

IFC and Central Bank of Iraq to Strengthen Corporate Governance in the Banking Sector The International Finance Corporation (IFC), a member of the World Bank Group, and the Central Bank of Iraq (CBI) are launching a series of specialized workshops, starting today, to raise corporate governance standards in Iraqi banks and strengthen the country’s banking […]

Islamic State buying up Businesses in Iraq

By John Lee. The Islamic State group (IS, ISIS, ISIL, Daesh) has reportedly laundered its cash reserves by investing in legitimate businesses in Iraq and elsewhere. According to a report from The Economist, in Iraq it has used middlemen to buy farms, car-dealerships, hotels and hospitals. It adds that weak institutions and rampant corruption make […]

“It’s Not the Donations, Stupid”: Key Points from Kuwait Conference

By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ‘It’s Not the Donations, Stupid’: Key Points from the Kuwait Conference With a few exceptions, the coverage of the “Kuwait International Conference for the […]

Abadi says Laws will Protect Foreign Investors

By John Lee. Prime Minister Haider al-Abadi has promised to crack down on corruption, and says laws will protect nervous foreign investors. He told CNBC: “We are laying down all the legal framework … I think the worry is corruption, number one, which is hiding behind red tape and bureaucracy. We have established a higher […]

US EXIM agrees $3bn Iraq Financing

On Tuesday, the Export-Import Bank of the United States (EXIM) entered into a memorandum of understanding (MOU) with Iraq’s Ministry of Finance aimed at rebuilding Iraq and enhancing trade and economic cooperation between the two countries. EXIM’s Acting Vice Chairman Scott Schloegel signed the MOU today with Iraq’s Deputy Finance Minister Dr. Maher Hammad Johan […]