Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By Ibrahim Malazada for Al Monitor. Any opinions here are those of the author, and do not necessarily reflect the views of Iraq Business News. On Dec. 14, the Kurdistan Regional Government (KRG) rejected the federal budget for 2017. The government’s statement read, “The budget does not serve the KRG,” and stressed its refusal to […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Iraqi Foreign Ministry announced Dec. 2 the formation of a high-level committee to start implementing the Strategic Framework Agreement (SFA). This reflects Iraq’s readiness for the era […]
Baroness Nicholson – Opening Speech for the Iraq Britain Business Council (IBBC) Conference on December 18th in Dubai: Welcome to Dubai. IBBC has been aware for many years of the important role that the UAE plays as a regional hub for business and trade through the MENA region and in particular as a regional base […]
New US$1.485 Billion Package to Support Iraq’s Drive to Counter Cost of War, Low Oil Prices The World Bank Group has endorsed a new US$1.485 billion package to support reforms to improve public service delivery and transparency, stimulate private sector growth and support job creation. Iraq continues to face a large humanitarian crisis with 10 […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 36 banks and 16 remittance companies took part in its currency auction on Thursday. A total of $162,956,998 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 35 banks and 15 remittance companies took part in its currency auction on Tuesday. A total of $163,091,508 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 34 banks and 15 remittance companies took part in its currency auction on Sunday. A total of $162,846,709 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 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 […]
