Tag Archives | Standard Chartered

Iraq Veterans Sue Banks over Terror Financing

By John Lee. A lawsuit has been filed in the US against Barclays, Credit Suisse, HSBC, Royal Bank of Scotland (RBS), and Standard Chartered, seeking to hold them responsible for attacks on the US military because their alleged processing Iranian money that financed the attacks. According to a report from Reuters, the lawsuit, filed by wounded […]

Bank of Baghdad gets New MD

By John Lee. The Bank of Baghdad (BOB) has reportedly announced the appointment of Mr. Faisal Al- Haimus as Managing Director. According to Radio Dijla, Mr. Al -Haimus has over twenty years of banking experience with Standard Chartered, HSBC and Mashreq Bank. (Source: Radio Dijla)

UK Trade Mission Visits Kurdistan

Some of Britain’s most successful businessmen and women will fly to Erbil tomorrow (September 23rd) on a Trade Mission designed to show the UK’s continuing support for the resilience of the Kurdistan region of Iraq’s infrastructure, society and economy. Organised by the Iraq Britain Business Council (IBBC), the group will spend three days meeting senior […]

Standard Chartered Iraq Encourages Korean Investors

By John Lee. Standard Chartered Bank hosted an information session on Monday for Korean businesses interested in investing in Iraq. At the one-day seminar held in Seoul, Gavin Wishart, CEO of Standard Chartered Bank Iraq, said that Iraq provides substantial opportunities for world-renowned Korean construction and engineering companies. He added that the Iraqi government is […]

Baroness Nicholson's Speech to Investment Forum

Speech given by Baroness Nicholson of Winterbourne, UK Trade Envoy for Iraq and Chairman of the Iraq Britain Business Council, to the ‘Investment Forum in Iraq and Kurdistan Region’, Rotana Hotel, Erbil: ‘I am indeed grateful for the privilege of addressing this eminent audience,and I thank most warmly the President of The Kurdistan Federation of […]

Barzani welcomes Standard Chartered to Kurdistan

Kurdistan Regional Government (KRG) Prime Minister Nechirvan Barzani welcomed the British international bank Standard Chartered to Kurdistan on Monday at the inauguration ceremony of its Erbil branch. Mr. Barzani outlined the need for an improved banking sector in Kurdistan. He said, “I believe the time has come for us to seriously examine international financial practices […]

Standard Chartered to Open First Branch in Kurdistan

By John Lee. British-based bank Standard Chartered is to open its first branch in Iraqi Kurdistan early next month, reports Reuters. Chief Executive Officer of Standard Chartered Iraq, Gavin Wishart, told the news agency that the business environment in Kurdistan was "progressive" and described the pace of development as "encouraging". The bank opened its country […]

Standard Chartered Opens Branch in Iraq

BBC reports that Standard Chartered has opened a bank branch in, Baghdad. Opening the branch, Prime Minister Nouri Maliki said the move was an "indicator of trust" in Iraq's economy, adding that the UK had supported Iraq "from the beginning". The British ambassador to Iraq, Simon Collis, said the UK was dedicated to setting up […]

Standard Chartered gets OK to Open Branches

By John Lee. Standard Chartered has received approval from the Central Bank of Iraq to open branches, according to a report from The Standard. The London-based bank plans to open three branches in Baghdad and Erbil by the end of 2013 and Basra in 2014.  It said its main aim is to meet the increasing […]

Standard Chartered plans Iraq Expansion

By John Lee. UK-based bank Standard Chartered is counting on the assistance of the British government to help it to open branches in Iraq by the end of the year, according to a report from The National. The newspaper says the company plans to open three branches in the next eighteen months, to tap into […]

Standard Chartered Plans Iraq Push

By John Lee. Standard Chartered bank plans to expand operations in Iraq this year. The firm's regional head, Christos Papadopoulos (pictured), told Reuters in an interview: "The amount of economic activity in Iraq now is substantial. We always wanted to be onshore in Iraq. It was never a question of if but a question of […]

Standard Chartered Expanding in Iraq

By John Lee. British bank Standard Chartered is to apply to Iraqi regulators for permission to open three business branches in Baghdad, Basra and Erbil. Chief executive of wholesale banking, Mike Rees (pictured), told The Telegraph: "Associated with the name British is trust ... It is a very important brand which I think is underestimated. But […]