Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
The Iraqi Central Bank (ICB) said on Sunday that the deletion of zeros from the currency still needs further deliberations with relevant institutions, according to a report from AKnews. The ICB added that it is seeking to make the Iraqi currency stronger and more stable through new mechanisms with regard to dealing with banks for […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th June 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,321 / $1.440, (+0.9%) (weekly change). The number of week traded shares was 3.3bn and the weekly trading volume was ID6.5bn ($5.5mn). ISX Company […]
The Iraqi Parliament and the Finance Committee support the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency, according to a report from AKnews. The CBI has announced that it has finalized plans to remove three zeros from the Iraqi currency in order […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
The Iraqi Central Bank (ICB) said it is granting licences to "a limited number" of private banks to increase their branches in Iraq. Deputy governor Muzher Mohammed Saleh said more than 40 banks were granted the licences. Iraq has about 800 bank branches, and the ICB has required all banks to have at least 250 […]
AKnews reports that Kurdistan's Minister of Finance and Economy says he cannot afford to increase the housing grant. Bayiz Talabani [Bayiz Saeed Mohammad Talabani] (pictured) attended a budget meeting on Thursday to answer reports of parliamentary committees. Talabani said: "Now 18,000 staff and civil servants get paid from the Kurdistan Regional Government." It was suggested […]
The deputy governor of the Iraqi Central Bank (ICB), Muzher Mohammed Saleh, has set a deadline for all banks in Iraq to increase their capital to at least 250bn IQD ($215m). He said: "We asked all banks in Iraq to increase their capital this month to strengthen their dealings and give more loans." According to the report […]
Iraq's Commission on Integrity has revealed details of fraudulent credit operations in the Ministry of Defense's branch of Rafidain Bank, noting that the director of the bank granted illegal loans in excess of "150 billion Iraqi dinars" ($129 million). The commission said that the director of the bank allowed conditions for the granting of loans […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Reuters reports that Iraq’s central bank, struggling to stem an illicit tide of dollars into sanctions-bound Iran and Syria, has had some success in steadying its own dinar by pumping dollars to Iraqis through two state-run banks. Late last month the central bank allowed U.S. dollars to be sold at a fixed rate through two […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
