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Tag: iraqi banks

The City Krupp and JP Morgan Banks to Sell Iraqi Sovereign Bonds

The City Krupp and JP Morgan Banks to Sell Iraqi Sovereign Bonds

Iraqi Dinar 123 News:– The Iraqi economy has been facing a number of issues; the most important issue is in the Iraqi energy production sector. It would also contribute to reduce the dependency on the oil exports in financing the budget. Iraq is looking to overcome the budget deficit problem by issuing serf-governing bonds, which will be launched very soon, by the Iraqi Finance Ministry in the international markets. A banking advisor Dr. Essam Mahouelle issued a statement that general…

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CBI to Offer 5 Trillion Dinar Loans to Banks

CBI to Offer 5 Trillion Dinar Loans to Banks

Iraqi Dinar 123 News:– On Thursday, the Central Bank of Iraq has announced that Iraqi Central Bank will issue loans on Saturday amounting 5 trillion Iraqi dinars to the banks. According to the statement issued by the Iraqi central bank “we are ready to issue loans of 5 trillion Iraqi dinars to a number of Iraqi banks and this process will take place on Saturday”. Bank also said that a major conference will be held on next Saturday and it…

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A Major Collapse is Expected in Iraqi Banks

A Major Collapse is Expected in Iraqi Banks

Iraqi Dinar 123 News:– The Iraqi Ministry of Finance stressed that Iraqi government and Iraqi Ministries didn’t decrease their expense during past six months. It is also said that there is a risk of failure in most of the Iraqi banks. Our authentic source from Iraqi Finance Ministry said that Iraqi federal budget would not be able to finance the project in Iraq for any sector in 2016 without reducing expenses of the Iraqi government and its ministries. He further…

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Iraq Should Take Major Steps to Manage Economic Crisis: IMF

Iraq Should Take Major Steps to Manage Economic Crisis: IMF

The Iraqi economy is mainly dependent on the growth of Iraqi oil production. The growth rate of Iraqi oil exports has been increased and it is showing an image of the available opportunities towards the development of Iraqi economy. Iraqi economy is improving significantly and most of the economic experts predicted that Iraqi economy would get a place in the list of global economies very soon. The Head of IMF mission Mr. Sider Alevic said in an interview pointing out…

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CBI Announced Date for Auction Sales of Foreign Currency

CBI Announced Date for Auction Sales of Foreign Currency

The Iraqi Central Bank issued a press statement that Central Bank would start next live auction sales of foreign currency on 4th August 2015. According to our authentic source from the Central Bank said that next session for the auction sales of foreign currencies will take place in the first quarter of the next month according to defined plan by the Central Bank. Source further added that we are expecting that maximum companies will participate including some government agencies will…

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Iraq is Improving its Negotiators Skills to Enter the World Trade Organization

Iraq is Improving its Negotiators Skills to Enter the World Trade Organization

On Tuesday, the Iraqi Trade Minister met with a U.S embassy delegation in Baghdad to discuss on the development process about the expertise of the Iraqi negotiators to join the World Trade Organization (WTO). The Trade Ministry issued a statement that the Director General of economic department and trade relations in the Ministry of Commerce Hashim Muhammad Hatem arranged a meeting today at the U.S Embassy in Baghdad with the Deputy Economic Counselor Stephen oil. They talked about relations between…

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Establishing New Islamic Banks to Increase Investment: Finance Committee

Establishing New Islamic Banks to Increase Investment: Finance Committee

On Monday, the Iraqi Parliamentary Economic and Investment Commission issued a statement that the establishing new banks would improve the investment process in Iraq. Point to be noted that the Iraqi government is ready to allow anyone who needs to establish an Islamic bank. A member of the Parliamentary Economic and Investment Commission Najiba Najib issued a press statement that increasing the number of Islamic banks would help in financing major and large-scale projects. It would also give assurance to…

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Global Market to Receive Bonds Launched By Iraqi Government

Global Market to Receive Bonds Launched By Iraqi Government

On Friday, the Central Bank’s Board of Directors member Majid issued a statement that the international market is able to adopt bonds that the Iraqi government has planned to launch this year. Point to be noted that according to the financial point of view, the international status of Iraq is much better despite the entire current situation and environment, and the commitment of the Iraqi government to pay all debts suffered by the country. He further added that this objective…

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