Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. The Central Bank of Iraq (CBI) has reported that 34 banks and 15 remittance companies took part in its currency auction on Tuesday. A total of $149,426,498 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. According to a report from Reuters, commodities giant Glencore will likely fall short of its target of raising $550 million to pre-finance the purchase of Kurdish oil. Industry sources told the news agency that investors are exercising caution despite the 12 percent bond yield, and that Glencore has received investor commitments for […]
Kurdistan Region Deputy Prime Minister Qubad Talabani outlined his government's reform initiatives during speech to the sixth Kurdistan Oil and Gas conference, organised by CWC Group, in London on Monday. Below is the transcript of Deputy Prime Minister's speech: Distinguished guest, ladies and gentlemen. I'd like to warmly thank CWC for inviting me back again […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of $150,580,002 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
IMF disburses about US$617.8 million following completion of first review of Iraq’s reform program The IMF-supported program includes measures to protect the poor, enhance financial sector stability, and curb corruption Significantly improving public financial management will be important The Executive Board of the International Monetary Fund (IMF) has completed the first review of Iraq’s three-year […]
Having had to postpone its autumn conference earlier this year, the Iraq Britain Business Council (IBBC) has confirmed that it has received full UAE Government approval to hold its conference on Sunday 18th December. It has convened 20 of the top decision-makers from the Government of Iraq and key industry sectors, who will come together […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 36 banks and 15 remittance companies took part in its currency auction on Tuesday. A total of $150,044,142 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By Sami-Joe Abboud for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's parliament will meet Dec. 1 to continue hashing out a draft of the 2017 general budget, which currently includes a deficit that will require the country to seek […]
By John Lee. GE, Trade Bank of Iraq (TBI) and Standard Chartered Bank (SCB) have reportedly signed a financing MoU to accelerate the development of power and infrastructure projects in Iraq. According to TradeArabia, a similar financing agreement with the three entities earlier this year facilitated the completion of the first phase of the ‘Power […]
By John Lee. The Iraq Britain Business Council (IBBC) has announced a new date and location for its Autumn Conference: 18th December, 2016 The Address, Dubai Marina. More information can be found here. (Source: IBBC)
By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 14 remittance companies took part in its currency auction on Tuesday. A total of $149,497,790 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 13 remittance companies took part in its currency auction on Thursday. A total of $142,508,506 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
