Businessmen Killed in Iraq Plane Crash
Reuters reports that the chief executive of private equity group MerchantBridge and two JPMorgan executives were among seven people killed when a small plane crashed in northern Iraq. The plane went...
View ArticleKRG Denies Wrongdoing in UK Market Abuse Probe
Last week we reported that Ian Hannam, a top advisor at JPMorgan Chase, has stepped down to appeal a £450,000 ($720,000) fine from the UK’s Financial Services Authority (FSA) for disclosing inside...
View ArticleStandard 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...
View ArticleJPMorgan Expands Iraqi Business
By John Lee. JPMorgan Chase is the latest international bank after Citigroup and Standard Chartered to expand business in Iraq, reports Bloomberg. The company has just signed a one-year agreement to...
View ArticleStandard 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...
View ArticleIraq Bondholders Eye Default Risk
By John Lee. The escalating conflict in Iraq is making holders of the country's international debt nervous about repayment, according to a report from Reuters. The size of Iraq's dollar debt is...
View ArticleHuge Demand for Iraqi Govt Bonds
By John Lee. Iraq opened the books yesterday on its first independent bond sale in a decade. "Investor demand was huge," writese Marcus Ashworth at Bloomberg. "The deal was seven times oversubscribed."...
View ArticleINA: JP Morgan to Facilitate Iraqi Payments to China
By John Lee. The Central Bank of Iraq (CBI) has reportedly confirmed an agreement with J.P. Morgan Development Finance Institution to facilitate payments to China in order to finance private sector...
View ArticleDelegation from JP Morgan visits Iraq
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with a delegation from J.P. Morgan Bank, including Daniel Zelikow, Vice Chair, and Mr. Ghali Laraki, Head of MENA Public Sector Group. The...
View ArticleIraqi Cabinet outlines Funding for Investment Projects
The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister thanked health teams for their...
View ArticleForeign Currency at Iraqi Private Banks to be Increased
By John Lee. The Central Bank of Iraq (CBI) has reportedly made agreements to support several private Iraqi banks with foreign currency. State-run Iraqi News Agency (INA) quotes a government source as...
View ArticleIraq Signs $257m Loan Agreement with JPMorgan
By John Lee. Iraq's Finance Minister, Taif Sami, has signed a financing agreement for the maintenance of the Ministry of Electricity's power stations with JPMorgan, in partnership with General Electric...
View ArticleIraqi PM meets Regional CEO of JPMorgan
By John Lee. In Davos, Iraqi Prime Minister Mohammed Shia Al-Sudani met with Mr. Khaled Haballah, the Regional CEO of J.P. Morgan (JPMorgan Chase) for the Middle East and North Africa. The meeting...
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