Iran, Iraq and Turkey are discussing plans to set up a joint investment bank at Iran-Turkey border, an Iranian provincial official announced.
Joint Bank Planned With Iraq, Turkey
Archive | Iraq Banking & Finance News
Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
Iraq Tends to Privatise Its Economy
Iraq government said that there is a tendency to privatise Iraq economy but in a way that is different from that World Bank is asking for.
Tags: privatisation, World Bank
CBI: Hard to Manipulate Iraqi Banking System
Laws and regulations, in addition to audit and follow up commissions, make it hard to manipulate the Iraqi banking system, said a source from the Central Bank of Iraq (CBI). “Our duty is to monitor the performance of Iraqi banks , and foster their development and financial status,” the source told Aswat al-Iraq news agency […]
CBI Sells $82 Million on Thursday
The Central Bank of Iraq (CBI) dollar sales went down to reach $82.740 million in its daily auction Thursday, compared to $110.862 million in the previous session. “The demand hit $2.650 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $80.090 million in foreign transfers outside the country, covered […]
Tags: CBI, Iraq Banking & Financial News
D1b to Clean Baaquba
More than ID1 billion has been allocated to carry out cleaning campaigns in Baaquba city. “The exact allocated amount is ID1.125 billion,” a local source told Aswat al-Iraq news agency. He noted that the campaigns will last for one year, and will be carried out by 350 workers. Baaquba, the capital city of Diala province, […]
CBI Dollar Sales Down to $110m
The Central Bank of Iraq (CBI) dollar sales went down to reach $110.862 million in its daily auction Wednesday, compared to $121.220 million in the previous session. “The demand hit $1.970 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $108.892 million in foreign transfers outside the country, covered […]
Tags: CBI, Iraq Banking & Financial News
AAIB Appoints New Divisional Director
Leading High Risk Insurance Specialist Opens Second Iraq Office AAIB Insurance Brokers, the leading Iraq insurance provider, has appointed Mr Michael Carr FCII as the Divisional Director of its Iraqi registered company Al Fajer Insurance and Reinsurance Brokers. He will be based at AAIB’s latest office to open in Iraq, located in the southern city […]
Baban Calls 0n Provinces to do More
Iraq Minister of Planning Ali Baban called on Iraq Provincial Councils to introduce strategic programs as part of the framework of the 2010 Budget. The Minister said that the complementary budget was approved in some provinces a while ago which is a positive step which allows the provinces to start important projects which were delayed […]
Cash transferred to 3 Countries for Displaced Persons
The Iraqi cabinet has approved the transfer of 5.9 billion Iraqi dinars to Iraqi banks in Lebanon, Syria and Jordan to give cash to displaced families, according to the government’s spokesman Ali al-Dabbagh on Tuesday. “The move comes in a bid to improve the living standards of those families that were forced by acts of […]
CBI Dollar Sales Down to $121m
The Central Bank of Iraq (CBI) dollar sales went down to reach $121.220 million in its daily auction Tuesday, compared to $146.493 million in the previous session. “The demand hit $2.170 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $119.050 million in foreign transfers outside the country, covered […]
Tags: CBI, Iraq Banking & Financial News
Turkish Consul to Increase Investments in Basra
The volume of Turkish investments in Basra is so big and we will increase the number of Turkish companies working in the city to 1000 next year, the Turkish consul said on Monday. “Our main goal is to increase the number of Turkish companies working in Basra,” Ali Reda said during the inauguration of a […]
Finance Minister Urges Italians to Tackle Debt Issue
Finance Minister Baqer al-Zubaidi urged the Iraqi ambassador on Monday to tackle the debts issue with Italy and to encourage companies there to invest in Iraq, according to a statement of the finance ministry. “Al-Zubaidi urged the new Iraqi Ambassador, Saad Qandi, to discuss the $850 million debts owed by Iraq,” said the statement received […]