* 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, […]
Archive | Iraq Banking & Finance News
Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
Delegation from Belarus Discusses Investment Opportunities in Kirkuk
A delegation from the Belarus discussed on Tuesday investment opportunities with Kirkuk governor, according to a media official. “Kirkuk governor Abdulrahman Mustapha held on Tuesday (May 18) a meeting with a delegation from Belarus, including a number of businessmen and investors,” Dalier Samd told Aswat al-Iraq news agency. “The delegation underlined that its visit aims […]
CBI Dollar Sales Down to $127m
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $127.903 million in its daily auction on Tuesday, compared to $227.996 in the previous session. “The demand hit $7.540 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $120.363 million in foreign transfers outside the country, covered […]
Delegation from Basra to Holland, UK
A delegation from Basra headed by the province’s governor has travelled to Europe on Monday to discuss issues related to Basra rehabilitation. “The delegation will stay in Holland until May 23,” a provincial media source told Aswat al-Iraq news agency. He explained that after visiting Holland, the delegation will travel to Britain in a 4-day […]
Basra Council to Vote on New Projects
Basra Provincial Council will be voting on the new projects on Tuesday (May 18). “The projects are funded by Basra revenues from oil production and border points,” a source from the council told Aswat al-Iraq news agency on Tuesday. He noted that the council will have a meeting tomorrow to approve the projects. The oil-rich […]
CBI Dollar Sales Down to $88m
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $88.205 million in its daily auction on Sunday, compared to $137.925 in the previous session. “The demand hit $8.330 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $79.875 million in foreign transfers outside the country, covered […]
Tags: CBI, Iraq Banking & Financial News
Removing Three Zeros from Iraqi Dinar will Help the Economy
Iraqi banking expert, Abdul Aziz Hasoon, said in phone call with the Independent that the process of removing three zeros from the Iraqi dinar will be positive for the Iraqi economy. He added that there were many countries that took the same step, including Turkey which removed six zeros from it is currency. Hasoon clarified […]
CBI Dollar Sales Up to $137m
The Central Bank of Iraq’s (CBI) dollar sales went up to reach $137.925 million in its daily auction on Thursday, compared to $115.301 in the previous session. “The demand hit $4.780 million in cash, at an exchange rate of 1,183 Iraqi dinars per dollar, and $133.145 million in foreign transfers outside the country, at an […]
Conference on Investment Problems in Najaf
The Najaf Investment Commission held a conference on Wednesday to discuss problems facing investments in the province and to find a mechanism to attract investors. The conferencediscussed a number of housing projects and difficulties facing this sector. The conference also covered the importance of activating the amended investment law as well as the role of […]
CBI Dollar Sales Down to $168m
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $168.878 million in its daily auction on Tuesday, compared to $176.080 in the previous session. “The demand hit $8.870 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $160.008 million in foreign transfers outside the country, covered […]
Gulf Bank to Discuss Legal Challenges of Digital Systems
The Gulf Bank will hold a symposium on Wednesday (May 12) to discuss legal challenges that will face digital banking systems. “The symposium will show that there are needs to legislate new regulations to meet the digital developments in the banking systems,” a source from the bank told Aswat al-Iraq news agency on Tuesday. He […]
Bank Ratings Maintain Positive Trend
Banks in the Middle East and Africa saw stable outlooks at a very high level of 92.8 per cent at the end of the first quarter, a latest report on Global Banking Trends Q1 2010 by Fitch Ratings said.
Tags: Banks