By John Lee. The Abu Dhabi Islamic Bank (ADIB) is the latest bank to expand business in Iraq, according to a report from The National. Currently the only UAE lender to operate in Iraq, ADIB plans to open a branch in Basra before the end of the year after it opened a branch in Erbil […]
By John Lee. If we gave a prize for the best quote of the week, this week's top contender would be Sami Haddad, the general manager of Lebanon's Byblos Bank, which is expanding its presence in Iraq. "You would have to be stupid not to make money [in Iraq]", he said. And of course banking […]
By John Lee. Lebanon's biggest bank, Bank Audi, plans to enter the Iraqi market late next year. Chief Executive Samir Hanna (pictured) told Reuters that its new Iraqi operation will be a subsidiary of its Turkish business, which it launched in October and which is trading "more than 50 percent ahead" of the bank's target. […]
