Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. Iraq has reportedly approved measures requested by the International Monetary Fund (IMF) to unlock loans of $5.4 billion over the coming three years. An adviser to Prime Minister Haider al-Abadi told Reuters that the agreement is "on track". Among the measures approved is the settling of all arrears owed to foreign oil […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 18 remittance companies took part in its currency auction on Sunday. A total of $144,146,155 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 29 banks and 19 remittance companies took part in its currency auction on Wednesday. A total of $142,317,265 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 30 banks and 17 remittance companies took part in its currency auction on Sunday. A total of $124,539,297 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Al Taif Money Transfer Co (TMT), the largest money transfer services provider in Iraq has signed up Covalent, a joint venture between TPS and Access Group, for a digital payments platform. Farhan Al Musawi, CEO of Al Taif Group and Al Taif Money Transfer said: “We are pleased to engage with a strategic partnership with […]
By John Lee. Reuters reports that Iraq expects to sell $2 billion in eurobonds in the last quarter of this year, when international aid starts coming in, helping lower its cost of borrowing. Finance Minister Hoshiyar Zebari (pictured) told the news agency that Iraq expects to receive $600 million in September from the International Monetary […]
By John Lee. The Basra branch of the Iraqi Businessmen's Association has announced the founding of the largest joint-stock company in the province. The new firm will involve hundreds of businesses in a variety of ventures, including construction, tourism, and setting up its own bank. Sabih Habib al-Hashemi, the head of the Association, said that […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $133,466,204 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 32 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $130,019,655 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 29 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $134,305,728 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 29 banks and 18 remittance companies took part in its currency auction on Thursday. A total of $121,342,437 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Reuters quotes a central bank spokesman as saying that the Islamic Development Bank (IDB) has given its initial agreement to provide $3 billion in easy loans and grants to Iraq. Iraq earlier this month agreed a $5.4 billion standby loan with the International Monetary Fund (IMF) in a deal that could unlock […]
