By John Lee. German firm HORN Glass Industries AG, the has signed a contract with Al Rida Investment to build a new float glass plant in Najaf, with a production capacity of 800 tonnes per day. The plant will be equipped with the latest technology and is intended to contribute to expanding glass production capacity in […]
By John Lee. The Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Allaq, met in Baghdad with the Representative of Institutional Clients and International Transaction Banking at Germany's Commerzbank, to explore avenues for strengthening bilateral financial cooperation. Discussions focused on expanding banking relations between Iraqi banks and Commerzbank to support economic activity and deepen financial […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani inaugurated the second specialized workshop to support the private industrial construction sector. During the event, a cooperation agreement was signed between the Trade Bank of Iraq (TBI) and the German Export Credit Agency to finance private sector development projects under the government's sovereign guarantee initiative. […]
By John Lee. The state-owned Trade Bank of Iraq (TBI) is reported to be in talks to buy a Gulf bank with branches in the United Arab Emirates (UAE) and Qatar. Chairman Faisal al-Haimus told Reuters that talks are underway and the purchase is expected to be completed in six to eight months. The name […]
