The Central Bank of Iraq’s (CBI) dollar sales went down to reach $135.430 million in its daily auction on Wednesday, compared to $155.700 in the previous session. ( Aswat Al Iraq )
Archive | Iraq Banking & Finance News
Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
Tags: CBI, Iraq Banking & Financial News
Samarrai Optimistic About Investment
The Iraqi parliament Speaker Iyad al-Samarrai, said that Iraq was about to witness a surge of large foreign investment because of many signed oil agreements. Samarrai confirmed that, "International companies have started investing in Iraq which leads to further investment, referring to Turkish and Iranian companies and several European firms whch have shown strong interest […]
Read our new Expert blogger on economics and finance starting this week
The sovereign debt crisis in Europe could be bad news for the Iraqi economy if it leads to a sustained bear market in oil. But a more likely outcome is that the crisis will cause central banks to continue their ultra-loose monetary policy, thereby benefiting Iraq by keeping oil prices high. Our new expert Blogger, […]
The remarkable survival of Rafideen Bank
The Manager of Rafideen bank, Alyasiry, said Wednesday that the bank has overcome a recommendation by a foreign company to sell or privatize the bank. The company was called in to evaluate the bank’s financial situation after 2003. He says that the bank is working on completing the rules of comprehensive electronic exchange which would […]
Indians Discuss Investment in Basra
Indian Charge d’ Affaires in Baghdad discussed on Monday with Basra deputy governor ways of boosting investment cooperation and the possibility to open an Indian consulate in the province, according to an official spokesman of the deputy governor. “Deputy Governor Nezar Rabia al-Jaberi discussed on Monday (May 24) with Indian Charge d’ Affaires in Baghdad, […]
Iraq to Maintain Growth of 7% This Year
Iraq may maintain an economic growth rate of about 7 percent this year, led by oil, Central Bank Governor Sinan Al-Shabibi said.
Chinese Play for Closer Ties with Arabia
The Chinese deputy Foreign Minister, Zhaijob, told an Arab foreign ministers meeting in China that his country is now the third economic power in the world but it needs time to face the big challenges of restoration despite the fact that his country could double its domestic product. . Zhaijob said that China placed high […]
ISX Trading Hits ID23b
The Iraqi Stock Exchange (ISX) trading this week hit 23.252 billion Iraqi dinars (roughly $19.8 million), mostly through deals over the North Bank as new members joint its board of directors. The national capital market traded over 13.133 billion shares worth 23.252 billion dinars through 1215 deals with non-Iraqi investors grabbing 88 purchase deals worth […]
Iraqi Capital Migration and the Call for Investment
There are no precise statistics about the volume of Iraqi capital which has been transferred outside Iraq by businessmen and by migrating Iraqi citizens. Emad Kadhim who works as a textile salesman talked about the problem saying this phenomenon started with the beginning of Iraqi-Iranian war and its aftermath. He added that it increased after […]
CBI Sells $737 Million This Week
The Central Bank of Iraq (CBI) dollar sales in auctions for this week increased slightly to $737.394 million compared to $735.659 million last week. “The demand hit $26.760 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, compared to last week’s $34.230 million, while foreign transfers outside the country registered […]
Tags: CBI, Iraq Banking & Financial News
CBI Sells $124m on Thursday
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $124.190 million in its daily auction on Thursday, compared to $169.100 in the previous session. “The demand hit $1.710 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $122.480 million in foreign transfers outside the country, covered […]
Tags: CBI, Iraq Banking & Financial News
Iraq's Ashur Bank Exploring Islamic Banking Window -chairman
* Ashur Bank sees growth in Islamic market * New regulation required to help Islamic finance - Chairman By Shaheen Pasha Iraq's Ashur International Bank wants to open Islamic banking services in Iraq amid growing interest in sharia-compliant financing, the investment bank's chairman said on Tuesday. Speaking on the sidelines of a conference in Dubai, […]