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BAGHDAD / National Iraqi News Agency / nina / The Central Bank confirmed the decrease of the country's reserve of foreign exchange to $ 50 billion, attributing the cause to the continued budget deficits and falling oil revenues in Iraq.The Governor of the Central Bank Ali Al-Allaq said in a press statement today, that the country's foreign exchange reserves fell to $ 50 billion with theNational Iraqi News Agency - 07-Oct-2016
14 September 2016 Fitch Ratings-Hong Kong/London-13 September 2016: Fitch Ratings has affirmed Iraq's Long-Term Issuer Default Rating (IDR) at 'B-' with a Negative Outlook. The Country Ceiling is affirmed at 'B-' and the Short-Term IDR at 'B'.KEY RATING DRIVERSPolitical risk and insecurity in Iraq are among the highest faced by any sovereign rated by Fitch. Progress has been made in pushing back tPress Release - 14-Sep-2016
In Iraq, and despite the development which has occurred in the accredited mechanism of the payment of moneyAl Tamimi & Company - 30-May-2016
These conditions, by their very nature, necessitated that new laws and regulations be introduced in order to adapt and amend the Iraqi legal framework as per the requirements of the changing regimes. The focus of this article shall be on the most significant legislative initiatives and enactments issued in the last two decades, namely the Iraqi Constitution, certain legislation geared towardsAl Tamimi & Company - 30-May-2016
Iraqi central bank manager in the autonomous Kurdistan region was arrested as part of a probe into an alleged illegal bond trading scheme .Reuters News - 14-Apr-2016
Changes in the global political climate have resulted in increasing uncertainty in trading markets and economies around the world. For investors, this could be either a great time to invest in assets or a better time to protect their net worth.
The UAE is embracing technology innovation with a vengeance and has seen digital payment systems become a key area of focus.