Citibank opened a base in Baghdad at the end of June after being granted approval by the Central Bank of Iraq, and now plans to open further offices in Erbil and Basra. Continue reading “Eversheds advises on Citibank move into Iraq” »
Iraq’s Foreign Minister, Hoshyar Zebari has told HARDtalk’s Zeinab Badawi that his government does not encourage or support Iraqis going to fight in Syria.
“We are for a political solution, we are for respect for the will of the Syrian people,” said Mr Zebari, adding that they are “neutral”.
Continue reading “Iraq Progress” »
Interest by Citibank and Standard Chartered to expand into Iraq highlights the vast potential of the country’s banking sector, but the experience of a global rival points to the many pitfalls they must navigate.
Continue reading “Global banks eye Iraq but questions remain” »
MPs from the ruling State of Law Coalition and the Kurdistan Alliance confirmed the presence of positive vibes between the federal government in Baghdad and the Kurdistan Regional Government (KRG) in Erbil regarding the possibility of passing the Oil and Gas Law, which governs the management of oil wealth in the country. The law is supposed to be passed during the current legislative session, which ends in early 2014.However, the Continue reading “Iraq Oil News: Maliki, Barzani Close to Solving Oil Dispute” »
China acknowledged U.S. concerns about cyber theft of intellectual property and trade secrets and agreed to steps that would open its financial and government procurement markets, the U.S. Treasury Department said on Friday.
Iraq’s financial capabilities are stronger than any challenges the country might be facing, said Deputy Governor of the Iraqi Central Bank Abdulbasit Turki.
The Baghdad Investment Commission has inaugurated a new specialist shopping mall, the largest of its kind in Iraq.
The lifting of the United Nations’ Chapter 7 sanctions against Iraq is receiving mixed reaction among Iraqis, with some welcoming the move and others worried about its impact, given existing ethnic, sectarian and political tensions.
Continue reading “Iraq Political News: Iraq Free of Chapter 7, The Good and Bad” »