Eversheds advises on Citibank move into Iraq

citibank-branch-1-web-185x114 (1)Eversheds has taken a central role for Citibank on its move to become the first US bank to expand into Iraq.

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 Progress

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”.
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Iraq Oil News: Maliki, Barzani Close to Solving Oil Dispute

Nuri al-Maliki and Masoud Barzani talk as they hold a joint news conference in Baghdad,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” »

Chinese Yuan News: China agrees to currency, procurement reforms in talks with U.S

shutterstock_108391403 (2) purchasedChina 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.

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Iraq Banking News: JPMorgan Deepens Iraq Business After Citi, Standard Chartered

2668JPMorgan Chase & Co. (JPM) is the latest international bank after Citigroup Inc. (C) andStandard Chartered Plc (STAN) to expand business in Iraq as OPEC’s second-largest producer boosts crude oil output and rebuilds its economy.

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