The Manager of Rafideen bank, Alyasiry, said Wednesday that the bank has overcome a recommendation by a foreign company to sell or privatize the bank. The company was called in to evaluate the bank’s financial situation after 2003. He says that the bank is working on completing the rules of comprehensive electronic exchange which would […]
Tag Archives | Iraq Banking & Financial News
The latest Iraq financial and banking news including Dinar, Investment Oppportunities, Funds news and more.
Indians Discuss Investment in Basra
Indian Charge d’ Affaires in Baghdad discussed on Monday with Basra deputy governor ways of boosting investment cooperation and the possibility to open an Indian consulate in the province, according to an official spokesman of the deputy governor. “Deputy Governor Nezar Rabia al-Jaberi discussed on Monday (May 24) with Indian Charge d’ Affaires in Baghdad, […]
Chinese Play for Closer Ties with Arabia
The Chinese deputy Foreign Minister, Zhaijob, told an Arab foreign ministers meeting in China that his country is now the third economic power in the world but it needs time to face the big challenges of restoration despite the fact that his country could double its domestic product. . Zhaijob said that China placed high […]
ISX Trading Hits ID23b
The Iraqi Stock Exchange (ISX) trading this week hit 23.252 billion Iraqi dinars (roughly $19.8 million), mostly through deals over the North Bank as new members joint its board of directors. The national capital market traded over 13.133 billion shares worth 23.252 billion dinars through 1215 deals with non-Iraqi investors grabbing 88 purchase deals worth […]
Iraqi Capital Migration and the Call for Investment
There are no precise statistics about the volume of Iraqi capital which has been transferred outside Iraq by businessmen and by migrating Iraqi citizens. Emad Kadhim who works as a textile salesman talked about the problem saying this phenomenon started with the beginning of Iraqi-Iranian war and its aftermath. He added that it increased after […]
CBI Sells $737 Million This Week
The Central Bank of Iraq (CBI) dollar sales in auctions for this week increased slightly to $737.394 million compared to $735.659 million last week. “The demand hit $26.760 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, compared to last week’s $34.230 million, while foreign transfers outside the country registered […]
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CBI Sells $124m on Thursday
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $124.190 million in its daily auction on Thursday, compared to $169.100 in the previous session. “The demand hit $1.710 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $122.480 million in foreign transfers outside the country, covered […]
Tags: CBI, Iraq Banking & Financial News
Iraq's Ashur Bank Exploring Islamic Banking Window -chairman
* Ashur Bank sees growth in Islamic market * New regulation required to help Islamic finance - Chairman By Shaheen Pasha Iraq's Ashur International Bank wants to open Islamic banking services in Iraq amid growing interest in sharia-compliant financing, the investment bank's chairman said on Tuesday. Speaking on the sidelines of a conference in Dubai, […]
Delegation from Belarus Discusses Investment Opportunities in Kirkuk
A delegation from the Belarus discussed on Tuesday investment opportunities with Kirkuk governor, according to a media official. “Kirkuk governor Abdulrahman Mustapha held on Tuesday (May 18) a meeting with a delegation from Belarus, including a number of businessmen and investors,” Dalier Samd told Aswat al-Iraq news agency. “The delegation underlined that its visit aims […]
CBI Dollar Sales Down to $127m
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $127.903 million in its daily auction on Tuesday, compared to $227.996 in the previous session. “The demand hit $7.540 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $120.363 million in foreign transfers outside the country, covered […]
Delegation from Basra to Holland, UK
A delegation from Basra headed by the province’s governor has travelled to Europe on Monday to discuss issues related to Basra rehabilitation. “The delegation will stay in Holland until May 23,” a provincial media source told Aswat al-Iraq news agency. He explained that after visiting Holland, the delegation will travel to Britain in a 4-day […]
Basra Council to Vote on New Projects
Basra Provincial Council will be voting on the new projects on Tuesday (May 18). “The projects are funded by Basra revenues from oil production and border points,” a source from the council told Aswat al-Iraq news agency on Tuesday. He noted that the council will have a meeting tomorrow to approve the projects. The oil-rich […]