Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By Michael Carr, Anglo Arab Insurance Brokers (AAIB). Iraq’s Massive Potential – The Promise from Trade and Investment The newly appointed Baroness Nicholson as the United Kingdoms Trade Envoy to Iraq underscores the view felt by some senior business interests, that “Iraq has massive potential … the future is very good indeed (and) it’s a […]
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 and Investment (UKTI), the fifth edition in the annual New Iraq series - The New Iraq: 2014 Discovering Business - contains a wealth of […]
On February 16, The Japan International Cooperation Agency (JICA) concluded a Japanese ODA loan agreement with the Republic of Iraq to provide a loan of up to 39.118 billion yen for the Port Sector Rehabilitation Project (Phase II), at the Ministry of Finance, Baghdad. This is the 20th loan agreement under the Japanese ODA loan […]
#wearethepeople has been tweeted more than four million times in the past three weeks. It looks like an anti-government protest, but who’s really behind it? The Trending team investigates how financial ‘gurus’ are using the hashtag to encourage people to buy Iraqi dinar. Click here to listen to the report from BBC. (Source: BBC) (Iraqi […]
We all know that there are risks to doing business in Iraq, but there are also tremendous opportunities, and in this week's newsletter you can read many examples of companies seizing these opportunities and contributing to the much-needed redevelopment of the country. To keep you informed of new opportunities that might be of interest to […]
Capital Banking Solutions, a provider of end-to-end banking software for retail, corporate, private and Islamic banks, has announced that Sumer Commercial Bank has selected CapitalBanker as its core banking system to be implemented in over 10 branches throughout 2014. With Sumer Commercial Bank as the 5th Iraqi bank to sign with Capital Banking Solutions, Capital […]
By John Lee. British-based bank Standard Chartered is to open its first branch in Iraqi Kurdistan early next month, reports Reuters. Chief Executive Officer of Standard Chartered Iraq, Gavin Wishart, told the news agency that the business environment in Kurdistan was "progressive" and described the pace of development as "encouraging". The bank opened its country […]
Advertising Feature Dunia Frontier Consultants has released the first report of its kind based on a 360-degree analysis of 14 top banks in Iraq. The report will help investors, bankers, and anyone who needs the banking sector, because it includes stock picks as well as our full survey of over 60 investors, retail and corporate […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Mister, Can You Spare a Dinar? Life with the Beggar Mafia of Basra Some estimates suggest that almost a third of the residents in one of Iraq’s oil-richest cities […]
By John Lee. Iraq plans to establish a state-funded investment bank to help finance major infrastructure projects and steer money towards private sector companies. Sami Al Araji, chairman of the National Investment Commission (NIC), told Reuters: “We need this [state-funded investment bank] to push forward the economy ... Our existing commercial banks do not have […]
The United Nations Compensation Commission has made available $1.03 billion to the Government of the State of Kuwait towards the Commission’s remaining claim with an outstanding award balance. The United Nations Compensation Commission was established in 1991 in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay compensation for […]
Iraq's National Investment Commission (NIC) decided to reduce the down payment required to buy housing units at the new Bismayah development. NIC Chairman Dr. Sami al-Araji said that following requests from the public, the down payment would be reduced from 25 percent to 10 percent. He added that work at Bismaya, the biggest housing project […]
