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 reportedly set the interest rate for its solar energy financing initiative at no more than 2.5%, as part of efforts to encourage citizens and companies to invest in renewable energy. State-run Iraqi News Agency (INA) quotes Rafal Jameel, Director of Initiatives at the Central Bank, […]
By John Lee. State-owned Rafidain Bank has announced the launch of the 50th tranche of its Riyada wa Tamayuz (Entrepreneurship and Excellence) initiative to support small and medium-sized enterprises. The tranche totals IQD 1 billion (approximately USD 0.77 million) and will benefit 82 recipients. According to a statement from the bank's media office, the funding is […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Dinar Plummets Against Dollar as Citizens Rush to Exchange Value of $100 jumps by 8,000 dinars in two days amid rising fear and market uncertainty. Click here to read the full article.
By John Lee. A workshop has been held on preparations for the next phase of Iraq's mutual evaluation process on anti-money laundering and counter-terrorism financing (AML/CFT) at national and sectoral levels. The event was organised by the Central Bank of Iraq (CBI)'s Anti-Money Laundering and Counter-Terrorism Financing Office, in cooperation with the Ministry of Interior […]
By John Lee. Discussions have been held on the restructuring of state-owned banks and the insurance sector as part of Iraq's financial reform programme. The meeting took place at the Ministry of Finance under the chairmanship of Minister of Finance Taif Sami Mohammed, with representatives of Ernst & Young, alongside senior officials from the Ministry […]
By John Lee. Discussions have been held on economic reforms and support for development projects in Iraq. The meeting took place between Minister of Finance Taif Sami Mohammed and a delegation from the World Bank, focusing on cooperation to support the government's reform programme and expand major development projects nationwide. Key points discussed included: Improving […]
By John Lee. Discussions have taken place on launching the second phase of the Financial Reform Support Programme in Iraq. The meeting was held at the Ministry of Finance under the chairmanship of Minister of Finance Taif Sami Mohammed, with a delegation from the German Agency for International Cooperation (GIZ) and a representative of the […]
By John Lee. Iraq's national team and technical committee for sovereign credit ratings have held a joint meeting to discuss mechanisms for improving the country's sovereign and credit rating. The meeting was chaired by the Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, and attended by the Prime Minister's adviser and head […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. One Year of Trump: Iraqi Dinar Speculators Still Waiting for a Miracle That Will Never Come As Donald Trump marks his first anniversary back in the White House on 20th January, one group […]
By John Lee. The United States and Iraq have held discussions focused on banking reform, financial compliance, and measures to counter illicit financial activity. According to a statement by the United States Special Envoy to Iraq, Mark Savaya, the talks involved the U.S. Department of the Treasury and the Office of Foreign Assets Control (OFAC), […]
By John Lee. Iraq's public debt management, covering both domestic and external obligations, was reviewed at a meeting focused on financial organisation, scheduling and reform priorities, with the participation of Oliver Wyman, the global financial advisory firm. The meeting examined detailed plans and programmes for managing public debt, including prioritised financial treatments and reform pathways […]
By John Lee. GroFin Mauritius has won a contract with the United Nations Development Programme (UNDP) for "Date Palm Value Chain Financing and Enhanced Services for Building Resilient Businesses in the Southern Governorates of Iraq," - reference 10496036/UNDP-IRQ-02002. Contract value is stated as $80,200. (Source: UNGM)
