Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 19 remittance companies took part in its currency auction on Tuesday. A total of $174,263,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq Business News is delighted to bring you the latest major new guide to business in Iraq. Published by Allurentis, in association with Iraq’s National Investment Commission (NIC) and UK Trade Investment (UKTI), the sixth edition in the annual New Iraq series - The New Iraq: 2015/2016 Discovering Business - contains a wealth of case studies, commentary and data; […]
Beginning 2016 founders of The Iraq Club, will officially launch the Future Energy Forum (FEF), an exclusive business-focused community connecting a senior network of leaders specifically engaged in the development of emerging energy markets. A much anticipated forum, FEF is spearheaded by William Wakeham and Leanne Case, both of whom are leading experts on critical […]
By John Lee. ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announces that Mansour Bank for Investment, an Iraq-based bank and its partner, Qatar National Bank (QNB) (owns 51%), has selected its global awards winning flagship ICS BANKS to replace its core banking and IT systems. The […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $178,835,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 19 remittance companies took part in its currency auction on Tuesday. A total of $186,696,818 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 21 banks and 15 remittance companies took part in its currency auction on Sunday. A total of $161,766,580 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Finance Minister Hoshiyar Zebari (pictured) has said that Kuwait has postponed the final instalment of reparations for Iraq's 1990-91 occupation until 2017. The move, requested by Iraq, will help alleviate the cash crisis in Baghdad caused by lower oil prices and war with the Islamic State group (IS, ISIS, ISIL). According to Reuters, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of $168,928,205 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $216,435,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The International Monetary Fund (IMF) may provide a large loan to Iraq to help stabilize the country's finances, a senior IMF official has told Reuters. Masood Ahmed (pictured), Director of the IMF's Middle East and Central Asia Department, said an IMF team will discuss with Iraqi officials early next month how to […]
By John Lee. Moody's Investors Service has today withdrawn its provisional rating of (P)Caa1 for Government of Iraq's planned USD bond issuance. The issuance rating has been withdrawn following statements made by Iraq's Deputy Finance Minister that the issuance plans have been put on hold. The last rating action was in September 2015 when Moody's […]
