KAPITA has compiled a study about the economic effects resulting from the COVID-19 Pandemic. The research aims to provide insights and recommendations to tackle the challenges and opportunities that currently face the various segments of the Iraqi market. This will aid governmental organizations and authorities in devising effective policies to make a faster economic recovery. […]
Tag Archives | Central Bank of Iraq (CBI)
Iraq Business News brings you the latest news from the Central Bank of Iraq (CBI). Subscribe for regular CBI Iraq updates, including Iraqi Dinar Revaluation and Investment news.
Tags: Ahmed Tabaqchali, Central Bank of Iraq (CBI), coronavirus, covid19, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Earthlink, featured, GroFin Iraq, Institute for International and Regional Studies (IRIS), Iraqi Contractors Federation, Iraqi Federation of Industries, Iraqi Innovation Alliance (IIA), KAPITA, mn, Rabee Securities, Royal Nuts, The Station
CBI allows SMEs to Defer Loan Repayments
By John Lee. The Central Bank of Iraq (CBI) has announced that the repayment of loans obtained under its '1 and 5 trillion dinars' finance initiatives for small and medium size businesses (SMEs) will be suspended for three months. According to a statement from the Government of Iraq, the move is an attempt to ease […]
Serious Questions on the Appreciation of Iraqi Dinar
The Iraqi Economists Network (IEN) has just published a new report from our Expert Blogger Dr Amer K. Hirmis: Mudher M. Saleh’s testimony re: the appreciation of Iraqi Dinar in 2006-8, raises serious questions? The purpose of this note is to shed light, and comment, on two views expressed recently in relation to the appreciation […]
Tags: Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, Dr Amer K. Hirmis, featured, inflation, International Monetary Fund (IMF), IQD, Iraqi Dinar News, Iraqi Economists Network (IEN), mn, monetary policy, re-denomination, re-valuation, Redenomination
UGH gets Approval to buy stake in Bank of Baghdad
By John Lee. Bahrain-listed United Gulf Holding (UGH) has received approval from the Central Bank of Iraq (CBI) to buy a 51.8 percent stake in Bank of Baghdad. According to The National, the company will acquire the stake from Kuwait-based Burgan Bank. The stock-market announcement can be found here. (Sources: UGH, The National)
Tags: Bahrain, Bank of Baghdad, Burgan Bank, Central Bank of Iraq (CBI), featured, Kuwait, mn, United Gulf Holding (UGH)
Govt Finance Schemes to Support SMEs, Innovation
Iraqi government’s finance schemes to support SMEs and business innovation To support small and medium private-sector projects, the Iraqi government, through the Central Bank of Iraq (CBI) and with the participation of a number of private and state-owned banks, has made available several types of loans. The loans are available to all Iraqis. According to […]
US: Iraq Risks Losing Access to Key Bank Account
By John Lee. The Trump administration has reportedly threatened to block Iraq’s access to its funds in the Federal Reserve Bank of New York if Iraq expels US troops from the country. The Wall Street Journal quoted unnamed Iraqi officials as saying that the US State Department warning came after the Iraqi parliament voted in […]
Tracing Iraqi Sovereign Debt
By John Lee. Simon Hinrichsen, a PhD student at the London School of Economics (LSE), has published an analysis of Iraq's sovereign debt over the years. The full 51-page report can be downloaded here. (Source: LSE)
Tags: Central Bank of Iraq (CBI), Debt, featured, Iraq Budget News, Iraqi Government Bonds, London School of Economics (LSE), mn, Sovereign Debt, United Kingdom
Tech Forum at the IBBC Dubai Conference
By Editor on 28th November 2019 in Healthcare, Investment, Iraq Education and Training News, Iraq Industry & Trade News
The Iraq Britain Business Council (IBBC) is delighted to be holding a Tech forum within the main Conference at Address Hotel in Dubai on December 8th. Principal among the speakers are Mr Yassin Bhija of GE Healthcare and Mr Uwe Bork of Siemens Healthcare who are driving the healthtech panel – exploring the hot topic […]
Tags: British Council, Central Bank of Iraq (CBI), conferences, dubai, featured, GE, GE Healthcare, General Electric, Google, Innovest, Iraq Britain Business Council (IBBC), Iraqpreneurs, mn, Siemens, Siemens Healthcare, Stirling Education, United Arab Emirates (UAE), United Kingdom, World Bank
Iranian Bank Opening 7 Branches in Iraq
An Iranian private bank has been authorized by the Central Bank of Iraq (CBI) to open seven branches in the Arab country, an official said. According to the Chairman of the Iranian Private Banks Institute, Koorosh Parvizian, the Iranian private bank has already opened two of the seven branches in Iraq. He noted that opening […]
Seedstars Baghdad chooses Top 3 Startups in Iraq
Seedstars World, the largest seed-stage startup competition for emerging markets and fast-growing startup scenes, hosted its Iraq round this Friday, at The Station, where 8 selected startups were invited to present their companies in front of the local jury panel. The local winners were chosen for their innovative sustainable solutions on their different fields. The […]
Tags: Al-ebtkar, Ashur International Bank, Baghdad, Careem, Central Bank of Iraq (CBI), Entrepreneurship, featured, GE, IOT Kids, mn, Seedstars, Social n' Tech, start-ups, Switzerland, Tabib Baghdad, The Station, UN Development Programme (UNDP), Ur Transport, Zain, Zain Iraq
Jordanian Firms keen to aid Digital Transformation in Iraq
By John Lee. On Wednesday 24 July, Khaled T. Kanaan, Chairman of the Jordan Iraqi Economic Association (JIEA), met with HE Mr. Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI). The meeting was a follow-up to the "Digital Transformation in Financial Sector Forum" held in Baghdad on 10 July, which was jointly […]
Tags: Central Bank of Iraq (CBI), digital commerce, featured, International Finance Corporation (IFC), Iraqi Private Banks League, Jordan, Jordanian-Iraqi Economic Association, mn, World Bank
Iraq to Import $5bn Gas, Electricity from Iran
By Editor on 18th July 2019 in Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
By John Lee. Iran’s gas and electricity exports to Iraq are reportedy expected to reach $5 billion by the end of the current Iranian calendar year, which ends on March 21, 2020. Mehr news agency quotes the Secretary General of Iran-Iraq Joint Chamber, Seyed Hamid Hosseini, as saying that if Iraq agrees it is possible […]