By John Lee. The Central Bank of Iraq (CBI) announced the outcomes of a high-level delegation visit to the United States, led by Governor Ali Mohsen Al-Alaq, from August 26 to 29, 2024. The delegation held extensive meetings in New York with the U.S. Treasury, the Federal Reserve, and major financial institutions such as Visa, […]
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, chaired a supervisory committee meeting on the restructuring of the state-owned Rafidain Bank. Attendees included committee members from the Ministry of Finance, advisors to the Prime Minister, senior Central Bank officials, and representatives from Ernst & Young. The meeting reviewed […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has presided over a meeting with representatives from Ernst & Young (EY), specializing in auditing and financial consulting. The preliminary draft of the company's plan for restructuring the state-owned Rafidain Bank was discussed. According to a statement from the Prime Minister's office, he emphasized the need […]
By John Lee. The Iraqi Cabinet has approved a series of contracts with UK-based professional services firm Ernst & Young (EY), aimed at reforming Iraq's banking and insurance sectors: The first contract involves a comprehensive study on the restructuring of the state-owned Rafidain Bank and Rasheed Bank, with recommendations and a roadmap expected within six […]
By John Lee. Iraqi Prime Minister, Mohammed Shia al-Sudani, led a meeting on Tuesday to monitor the progress of banking reforms. The session, attended by the Finance Minister, Governor of the Central Bank of Iraq (CBI), and directors of government banks, focused on administrative and banking reforms initiated by the government as part of comprehensive […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq Extractive Industry Transparency Initiative Issues its latest Annual Report Iraq Extractive Industry Transparency Initiative (IEITI) issued a few days ago its latest annual report, it is about 2017 and it is […]
IBBC host a roundtable discussion with His Excellency, Mr Jaafar Al-Sadr On Wednesday 4th December the Iraq Britain Business Council (IBBC) was pleased to host a roundtable discussion chaired by IBBC President Baroness Nicholson with Iraq’s newly appointed Ambassador to the UK, His Excellency, Mr Jaafar Al-Sadr, and fellow diplomats Dr Ahmed Al-Nakash and Ms […]
Fourth Deloitte report on Oil and Gas Review in the Kurdistan Region, Iraq – Q2 of 2018 Today, Regional Council for Oil and Gas Affairs has published new verified data on the Kurdistan Region’s oil exports, consumption and revenues, covering the period from 1 April 2018 to 30 June 2018, after a review of the […]
EY Iraq has announced its collaboration with Morgan International - a leading provider of international professional certification and diploma programs in the areas of accountancy, finance, human resources, marketing and logistics - to enable the provision of professional training in Iraq for the Certified Public Accountant (CPA), Certified Management Accountant (CMA), Chartered Financial Analyst (CFA) […]
In its regular meeting on Wednesday, the Kurdistan Region Council of Ministers discussed and adopted proposed revisions to the salary distribution system, based on funds currently available and projected. In a press conference after the meeting, Prime Minister Nechirvan Barzani briefed the media on the revised salary distribution system. He said the KRG fully understands […]
The Iraq Britain Business Council (IBBC) held its annual weekend retreat on 7-9 July at Cumberland Lodge, Windsor Park, a venue dedicated to the advancement of international societal issues through constructive dialogue. Around 60 IBBC Members and guest speakers attended this unique event to discuss pressing issues on the future of Iraq’s economy, prospects and […]
According to a report released by London-based International Centre for the Study of Radicalization (ICSR) and accounting group Ernst & Young, the Islamic State organisation (IS, ISIS, ISIL, Daesh) is in deep financial trouble. In an interview, ICSR director Peter Neumann stated out that the report clearly shows that while IS used to be the […]
