Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), chaired a meeting on the regulation of e-commerce in Iraq, with participation from relevant authorities. The meeting discussed controls and consumer protection measures, focusing on registration procedures and obtaining licenses for e-commerce activities. The committee defined service providers and established a […]
By John Lee. On a recent webinar organised by the Iraq Britain Business Council (IBBC), Professor Frank Gunter of Lehigh University explained the causes and effects of Iraq's dual exchange rate. The three reasons why Iraq has two exchange rates are: Excessive Demand for US Dollars Internationally: There is a high demand for US dollars […]
By John Lee. On a recent webinar organised by the Iraq Britain Business Council (IBBC), Professor Frank Gunter of Lehigh University outlined the key changes in the dinar exchange rate over the years, as well as the consequences of having two exchange rates. (For more on the reasons why Iraq has two exchange rates, click […]
From FinCEN, a bureau of the US Department of the Treasury. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. FinCEN Finalizes Financial Measure Against Iraq-based Al-Huda Bank to Combat Terrorist Financing Today [Wednesday 26th June, 2o24], the U.S. Department of the Treasury's Financial Crimes […]
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's banking system blighted by corruption Dysfunction of the sector is a stark reminder of Iraq's unfulfilled economic expectations - 21 years after US-led invasion. Click here to read […]
By John Lee. On a webinar organised by the Iraq Britain Business Council (IBBC) on Tuesday, Professor Frank Gunter of Lehigh University and Dr Ahmed Tabaqchali of AFC Iraq Fund (and Expert Blogger on Iraq Business News) discussed the drivers of the Iraqi dinar exchange rate. The event marks the official launch of the IBBC's […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani inaugurated the second specialized workshop to support the private industrial construction sector. During the event, a cooperation agreement was signed between the Trade Bank of Iraq (TBI) and the German Export Credit Agency to finance private sector development projects under the government's sovereign guarantee initiative. […]
By John Lee. The United Nations Development Programme (UNDP) has issued a new 49-page report on investment opportunities aligned with Iraq's Sustainable Development Goals (SDGs) in target markets and sectors. The report identifies investment opportunities in the following areas: Food Processing Mid-tech Greenhouses Specialty Dairy Products EdTech Platforms Low-fee Private Schools Education Infrastructure Utility-scale Solar […]
By John Lee. The Central Bank of Iraq (CBI) has decided to allocate additional funding amounting to approximately 3 trillion dinars [$2.3 billion] to facilitate housing loans through the Real Estate Bank and the Iraqi Housing Fund, supporting the government's housing initiatives. According to the state-run Iraqi News Agency (INA), the Central Bank has instructed […]
By John Lee. In a significant step toward bolstering Iraq's financial sector, EU Delegation to Iraq Chargé d'affaires Mr. David Healy has expressed support for the launch of the Central Bank of Iraq's (CBI) National Strategy for Bank Lending for 2024-2029. This strategic initiative, developed under the EU and Germany co-funded project "Strengthening Public Finances […]
From the Iraq Britain Business Council (IBBC): Professor Frank Gunter launches a new white paper on de dollarisation of Iraqi economy Professor Frank Gunter publishes a new paper commissioned as part of a series by IBBC's advisory council on the challenges of de-dollarisation for Iraq. The Advisory Council members and IBBC members have actively contributed […]
By John Lee. SACE the state-owned Italian insurance and financial group, which specialise in supporting Italian companies and the national economy, has entered an agreement with the Trade Bank of Iraq (TBI) to support the development of the private sector in Iraq by promoting Made in Italy exports to the country, with a total value […]
