Archive | Iraq Banking & Finance News

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

Conference Calls for Supporting Reconstruction Projects in Diala

Participants in a reconstruction conference in Baaquba on Monday have agreed to ease the difficulties facing the reconstruction operations in Diala, and to return 360 billion Iraqi dinars which were allocated to the province. “Representatives of 15 ministries as well as officials of the executive and legislative authorities attended the reconstruction conference which was held […]

Part of 77m Dinar theft recovered

The Integrity Commission has been able to reduce the 77m Iraqi dinars embezzled from the Ministry of the Environment by recovering funds in a raid on the defendant’s home. After a court case lasting three days a statement said the main defendant in the case had misappropriated the funds by issuing fake cheques and through […]

Re-basing the Iraqi Dinar

The Central Bank of Iraq is planning to rebase the Iraqi dinar but hasn't decided yet on the timing of the move, the bank said in a statement last week.  Affirms its commitment to its strategic projects, particularly knocking three zeroes from the Iraqi dinar," the statement said. "Despite the technical and logistical preparations for […]

Al-Zubaidi: 2010 Budget for Culture Ministry

The Minister of Finance Baqir al-Zubaidi, said the budget in 2010 will focus on different sectors in the Ministries of Culture , environment, human rights, education, and sports and youth. During a meeting of a Committee to plan strategy of the federal budget this year, Al Zubaidi stressed on taking into account the ministries important […]

$US Sales Rise Dramatically to 251m

Sales went up by the CBI of the dollar in the auction for the sale of currencies, on Thursday, to reach a maximum of $251 million versus $181 million during the previous session. The bulletin issued by the CBI , that "the total volume of demand for the dollar stood at 251 million and 565 […]

Iran to Open Bank in Baghdad

The Central Bank of Iraq has given permission to the Parsian and Karafarin Iranian banks to open offices in Baghdad, according to local agency reports. The banks were given a month to determine the place of offices and to transfer their capital to Iraq. ( Trend )

Irregularities Uncovered in Salah al-Din Council

The Board of Supreme Audit has discovered financial irregularities in the Salah al-Din provincial council, an official statement said on Thursday. This came during a session headed by the board’s president, Abdulbaset Turkey, to discuss the 2009 financial statements of the council, according to a statement received by Aswat al-Iraq news agency. The session has […]

Banks Cancel Holiday

The state-run banks in Thi-Qar province have canceled their Saturday holiday and extended their working hours until 05:00 p.m. in an attempt to serve more clients. This decision came after Governor Taleb al-Hassan had met with retired people who were queuing for a long wait to receive their salaries, according to a statement released by […]

Most of the Projects in Iraq Are a Failure - Official

Most of the projects that have been conducted in Iraq are a “failure” due to the lack of a clear vision by the ministry of planning and absence of inter-ministerial cooperation, an advisor to the minister of industry and minerals said on Tuesday. “The projects that are currently being carried out in Iraq are a […]

Barzani Urges UAE to Invest in Kurdistan

President of Iraq’s Kurdistan region, Massoud Barzani, urged UAE companies to invest in the Kurdistan region, a presidential statement said on Tuesday. “Barzani received on Tuesday (March 16) at the Salah el-Din resort in Arbil the Ambassador of the UAE to Iraq, Sheikh Abdullah Ibrahim,” said the statement received by Aswat al-Iraq news agency. “The […]