Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By Mohammed Hamid al-Sawaf. 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. Unofficial money changers are common in Iraq – and trade is particularly brisk in the tourist town of Karbala. But recently a gang of fraudsters […]
By John Lee. Qatar National Bank (QNB) has announced that it has taken control of Iraq's Al-Mansour Investment Bank. It acquired an additional 27.7 percent shareholding for a cash payment of QR425.4 million, bringing its interest in the bank to 50.8 percent. The company said that goodwill of QR117.6 million has been determined on acquisition […]
On October 4, 2012, the U.S. Embassy in Baghdad, through the United States Agency for International Development (USAID), and the Prime Minister’s Advisory Commission co-hosted an economic conference to discuss a new assessment report evaluating Iraq’s economic priorities. The report was released by USAID’s provincial economic growth project, Tijara, and was commissioned by the Prime […]
The USAID-Tijara Provincial Economic Growth Program in cooperation with Iraq’s 12 microfinance institutions and Iraqi Microfinance Network will hold an Inclusive Financial Services Stakeholders Conference at Hotel Rotana, Erbil, on October 23 and 24, 2012. The theme of this year’s conference will be “Iraqi Microfinance - The Path to Economic and Social Advancement”. The conference […]
By Shwan Zulal. 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. How will I support myself in my old age? People ask this question all around the world. One Kurdish writer argues that a universal pension scheme […]
The Central Bank of Iraq (CBI) has ruled out deleting the three zeros from the Iraqi currency in 2013 because it needs time and a new fiscal year. The Deputy Chairman of the CBI, Mudhir Mohamed Salih, told AIN on Wednesday: "The project of crossing out zeros from the Iraqi currency takes time ... The […]
Iraq Finance 2012: Welcomes the on-going reforms and restructuring of state-owned banks and turning them into independently capitalised corporations and urges a strong commitment to the operational independence of state-owned banks. Welcomes the removal of restrictions on government and government related entities in their dealings with private banks. Urges the reduction of delays in the […]
By John Lee. The Trade Bank of Iraq (TBI) has announced that it is purchasing two Airbus passenger planes from Germany at the cost of $86 million. The Bank's Chairman, Mrs. Hamdiya al-Jaff, told NINA that the planes, each capable of carrying 200 passengers, were made in 2009 and have not been put into service since […]
The owner and three employees of a US business promising high returns on the Iraqi dinar have been indicted by a federal grand jury on conspiracy and wire-fraud charges for allegedly duping investors out of more than $23 million. According to reports, Rudolph M. Coenen, 47, the owner of Bayshore Capital Investments LLC, is charged […]
By Padraig O'Hannelly. This week in London, Iraq Business News was delighted to be Gold Media Partner at Symexco's Iraq Finance 2012 conference, attended by wide range of public officials and senior executives from the financial sector. The following sound-bites will give you a small taste of the mood of the event: "The opportunities in […]
By Padraig O'Hannelly. In his keynote address to the Iraq Finance 2012 conference in London, the UK's Minister of State for Trade and Investment, Lord Green of Hurstpierpoint (pictured), announced that the British and Iraqi governments had taken practical steps to improve the working relationship between the two countries. Refering to last week's visit to […]
Prime Minister Nouri al-Maliki endorses and supports event. High-level delegation from several ministries and headed by deputy prime minister. Financing of Iraq’s reconstruction to be discussed with international banks and investors. Iraq is to welcome foreign investors at a major London convention and offer a stake in the country’s economic and financial future. The major […]
