Archive | Iraq Banking & Finance News

Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.

Central Bank of Iraq increases Capital

By John Lee. The Central Bank of Iraq (CBI) has reportedly announced an increase in its capital. State-owned Iraqi News Agency (INA) said that the capital will be increased from 3 trillion dinars (approximately $2 billion) to 5 trillion dinars. It quotes the media office of CBI as saying that the increase was made using […]

Canada Increases Support to Iraq

Canada reaffirms its commitment to Iraq's stabilization with new CAD 10 million support The Government of Canada has pledged an additional CAD 10 million (approximately US$ 7.8 million) to support the United Nations Development Programme (UNDP) in Iraq as it works to accelerate stabilization efforts and boost sustainable livelihoods across western Anbar and Ninewa. Canada's […]

Meet Top Iraqi Officials at IBBC Conference

Hear Iraq's principal ministers and financiers share their vision and policies for Energy, Finance and Educational sectors at IBBC's Mansion House conference on 24th May. Iraq is on the cusp of forming a new Government and is benefitting from high oil revenues and stability. The IBBC Spring conference is ideally timed for a potential new […]

Al-Rasheed Bank removed from Sanctions Lists

By John Lee. The United Nations Security Council has removed Iraq's state-owned Al-Rasheed Bank [Al-Rashid Bank] from its Sanctions List. The updated version of the Committee's Sanctions List, available in HTML, PDF and XML format, may be found here. Authorities in the United Kingdom have also confirmed that the bank has been removed from the […]

Iraq launches Solidarity Program to Empower Civil Society

By John Lee. Iraq's Department of Non-Governmental Organizations, in cooperation with the United Nations Development Program (UNDP), has launched a project to empower civil society organizations in partnership with the Central Bank of Iraq (CBI), the Islamic Development Bank and the Islamic Solidarity Fund. The project aims to empower organizations and improve the social and […]

Iraq's Economic Update -- April 2022

Iraq's economy is gradually recovering from the twin shocks of the pandemic and collapse in oil prices in 2020. Both oil and non-oil growth are on track to reach their pre-pandemic levels as oil production increases and the easing of COVID-19 restrictions restores domestic economic activity. Fiscal and external deficits are back to surpluses as […]

Renewed Commitment to Investigating Financial Dimensions of ISIL Crimes

UNITAD, Iraq and Germany Renew Commitment to Investigating the Financial Dimensions of ISIL International Crimes in Iraq The United Nations Investigative Team to promote accountability for crimes committed by Daesh/ISIL (UNITAD) joined by the Embassy of Iraq to Germany and the German Federal Foreign Office co-hosted a special event on Investigating Financial Dimensions of War […]

IBBC Iraq Conference, London, Tuesday 24th May 

The IBBC Iraq conference at the Mansion House - meeting at a most important time for Iraq - Tuesday 24 May  After a two-year absence, IBBC is back at the Mansion House hosting its Iraq conference on Tuesday May 24th focusing on finance, energy and sustaining economic growth in Iraq. The country stands at another pivotal moment with […]

First Abu Dhabi Bank to open Office in Iraq

By John Lee. First Abu Dhabi Bank (FAB) has announced that it will open a representative office in Iraq. The new representative office will primarily service Sovereign and Government Related Entities (GREs), Financial Institutions and Iraqi institutional clients in addition to clients with business interests in Iraq. Hana Al Rostamani (pictured), Group Chief Executive Officer […]