Khalid's Feed
Aug 30, 2011

Iraqi bank sector ripe but reluctant for bids

BAGHDAD (Reuters) – Foreign banks are hunting for stakes in private Iraqi banks as the sector appears ripe for investment and consolidation but local banks are reluctant to take partners, fearing a loss of control, banking officials say.

Iraq’s financial sector is considered fertile ground for investment as the war-shattered nation rebuilds its vast oilfields and battered infrastructure eight years after the U.S.-led invasion that toppled dictator Saddam Hussein.

Aug 29, 2011

Analysis: Iraqi bank sector ripe but reluctant for bids

BAGHDAD (Reuters) – Foreign banks are hunting for stakes in private Iraqi banks as the sector appears ripe for investment and consolidation but local banks are reluctant to take partners, fearing a loss of control, banking officials say.

Iraq’s financial sector is considered fertile ground for investment as the war-shattered nation rebuilds its vast oilfields and battered infrastructure eight years after the U.S.-led invasion that toppled dictator Saddam Hussein.

Aug 15, 2011

Bombs, attacks hit Iraqi cities, at least 50 dead

BAGHDAD (Reuters) – Suicide attackers and car bombs struck cities across Iraq on Monday, killing at least 50 people and wounding scores more in a rash of apparently coordinated assaults carried out by affiliates of al Qaeda, authorities said.

In the worst attack, a roadside bomb followed by a car bomb targeting police killed at least 37 people in Kut, a mainly Shi’ite Muslim city 150 km (95 miles) southeast of the capital Baghdad, police and health officials said.

Aug 8, 2011

Iraqi asylum seekers fret over U.S. withdrawal

BAGHDAD (Reuters) – After almost two years of waiting to resettle in the United States following four years service as a U.S. army interpreter in Iraq, Mohammed is starting to believe he might have to rethink his plans.

He fears he could be left behind and militiamen will eventually catch up to him if U.S. troops withdraw by a scheduled deadline at year end before he is accepted into a program offering resettlement to Iraqis.

Jul 6, 2011

Iran seeks to raise trade with Iraq to $10 bln this year

BAGHDAD, July 6 (Reuters) – Iran aims to boost trade and
investment with neighbouring Iraq to $10 billion this year as it
looks to further strengthen economic ties, especially in the oil
sector, an Iranian official said on Wednesday.

Relations between the two countries, which fought an
eight-year war in the 1980s, have improved since the ousting of
Saddam Hussein in the 2003 U.S.-led invasion and after a
Shi’ite-led government came to power in Iraq.

Jul 5, 2011

Bombers strike Iraq govt building, at least 28 dead

BAGHDAD (Reuters) – A car bomb and a roadside bomb blew up in a crowded parking lot outside a government building north of Baghdad on Tuesday, killing at least 28 people and wounding dozens more, officials said.

The blasts struck a municipal office in the town of Taji, about 20 km (12 miles) north of the Iraqi capital, a day after a wave of attacks on police and soldiers that underscored Iraq’s fragile security as U.S. troops prepare to leave by year-end.

Jul 5, 2011

At least 27 dead after bombers strike Iraq government building

BAGHDAD (Reuters) – A car bomb and another explosive device blew up in a crowded parking lot outside a government building north of Baghdad on Tuesday, killing at least 27 people and wounding dozens more, officials said.

The blasts struck a municipal building in the town of Taji, about 20 km (12 miles) north of the Iraqi capital, a day after a wave of attacks on police and soldiers that underscored Iraq’s fragile security as U.S. troops prepare to leave by year-end.

Jul 5, 2011

Bombers strike Iraq government building, at least 27 dead

BAGHDAD (Reuters) – A car bomb and another explosive device blew up in a crowded parking lot outside a government building north of Baghdad on Tuesday, killing at least 27 people and wounding dozens more, officials said.

The blasts struck a municipal building in the town of Taji, about 20 km (12 miles) north of the Iraqi capital, a day after a wave of attacks on police and soldiers that underscored Iraq’s fragile security as U.S. troops prepare to leave by year-end.

Jun 22, 2011

Iraq’s moribund manufacturing sector appeals for help

BAGHDAD (Reuters) – Standing beside the dust- covered machines of his idle biscuit and sweet factory in eastern Baghdad, Fadhil al-Abboudi says Iraq’s small private manufacturers are feeling abandoned.

Despite government announcements of ambitious plans to expand Iraq’s oil sector, whose huge energy reserves invite comparisons with Iran’s, Iraqi entrepreneurs see no such support for moribund small and medium-sized private industries.

Jun 2, 2011

Iraqi PM orders probe into state-run Trade Bank of Iraq

BAGHDAD, June 2 (Reuters) – Iraq’s prime minister on
Thursday ordered a judicial investigation into one of the
country’s biggest banks, the Trade Bank of Iraq, saying it was
suspected of committing “violations”.

The bank’s president and chairman, Hussein Al-Uzri, could
not be reached for comment.

    • About Khalid

      "A reporter based in Baghdad, covering general news. I have joined Reuters in April 2008. Prior to that i was covering political and security news for four years when worked with the New York Times. For a year from now, i was assigned to cover the economic beat and mainly in charge on commodities in Iraq."
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