By John Lee. Ali Al-Zaidi [Al-Zaydi] has been tasked with forming a new government in Iraq, following a formal ceremony at Baghdad Palace. President Nizar Amedi made the designation, describing it as reflecting a commitment to the constitution in both letter and spirit. Speaking at the ceremony, he said: "The interests of Iraq stand above […]
From AAA Holding Group. AAA Holding Group Completes Acquisition of 45% Stake in Phosphate Fertiliser Project in Basra We are proud to announce that AAA Holding Group has successfully completed the acquisition of an additional 45% stake in the Phosphate Fertiliser Project in Basra, following the purchase of shares from existing stakeholders. With this strategic […]
By John Lee. Various media sources say that Iraq has banned eight local commercial banks from making transactions in U.S. dollars. This precludes these banks from taking part in the Central Bank's daily dollar auction. The banks are reported to be: Ashur International Bank for Investment; Investment Bank of Iraq; Union Bank of Iraq; Kurdistan […]
