Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
The Iranian currency, the toman, or rial, has lost half its value against the Iraqi dinar in recent weeks following U.S. and European sanctions, according to a report from Azzaman. Iraqi traders welcomed the slump saying it has made the import of Iranian goods much cheaper than before. In the holy cities of Najaf and […]
Iraq now has over $60 billion in foreign currency reserves as a result of the country's oil sales, according to a report from Azzaman. Mudher Saleh, a consultant with Iraq's Central Bank, said the reserves are the highest in the country’s history, and are more than enough to cover the total volume of national currency […]
Zaha Hadid joined H.E. Dr Sinan Al-Shabibi, Governor of the Central Bank of Iraq (CBI) at a ceremony to sign the agreement between the CBI and Zaha Hadid Architects (ZHA) for the design stages of the new CBI Headquarters building. The ceremony was hosted at the Victoria & Albert Museum by H.E. Dr Muhielddin Hussein […]
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 […]
By T. Keyzom Ngodup, co-founder at Ideas sYnergy. Ideas sYnergy is Iraq’s first multiple bottom line advisory company committed to inclusive economic and social development through market-based solutions that help build and scale youth-driven innovative ideas for social change. An Economist report rightly pointed out that when people in the developed countries worry about […]
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 […]
Central Bank of Iraq announced that it revaluated the Iraqi Dinar by 3.4% relative to the US Dollar, according to a report from Al Sumaria. “During the daily auction of foreign currencies’ exchange, the Central Bank raised the value of Iraqi dinar against the dollar by 3.4%, or four Dinars,” the deputy governor of the […]
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 World Bank says it expects Iraq's gross domestic product (GDP) to grow by 12.6 percent in 2012, and 10.2 percent in 2013, following a growth of 9.6 percent last year. If achieved, this would give a compound growth of 36 percent in just three years. This follows a downward revision of growth expectations for […]
The Central Bank of Iraq expects the average annual income in 2012 will reach almost $6,000 (7 million IQD), up from $5,200 (6 million IQD) in the previous year, according to AKnews. The deputy governor of the CBI, Mudhar Mohammed Saleh, said the estimate was made based on the governments planned investment in oil and […]
Al Arabiya reports that the United Arab Emirates will scrap $5.8 billion in debts owed by Iraq. Emirati foreign minister, Sheikh Abdullah bin Zayed al-Nahayan, said on Monday at a news conference hosted jointly with Iraqi foreign minister Hoshyar Zebari (pictured): “An agreement will be signed soon to lay out the legal framework for waiving […]
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 proxy Iraq […]
