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Trade Bank Of Iraq
Trade Bank of Iraq (TBI; ar, المصرف العراقي للتجارة) was established in July 2003 to facilitate Iraq's domestic and international trade dealings once the United Nations Oil-for-Food Programme ended in 2003. History TBI was established by the Coalition Provisional Authority on 17 July 2003 as an independent government entity to provide financial services to facilitate import and export of goods and services to and from Iraq. TBI was licensed by the Central Bank of Iraq and commenced its operations one month after the decision to establish it as a government financial institution had been taken. Since then, TBI has grown into a leading bank in Iraq through strengthening its financial position, assets, and equity. TBI started with paid-up capital of USD 5 million (authorised capital: USD 100 million) in July 2003 and the paid-up capital increased to IQD 1.75 trillion (USD 1.5 billion) as at the close of 2015 by capitalisation of retained earnings. TBI recorded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nasiriyah
Nasiriyah ( ar, ٱلنَّاصِرِيَّة; United States Board on Geographic Names, BGN: ''An Nāşirīyah''; also spelled ''Nassiriya'' or ''Nasiriya'') is a city in Iraq. It is on the lower Euphrates River, Euphrates, about south-southeast of Baghdad, near the ruins of the ancient city of Ur. It is the capital of the Dhi Qar Governorate. Its population in 2003 was about 560,000, making it the fourth-largest city in Iraq. It had a diverse population of Muslims, Mandaeans and Jews in the early 20th century;Field Museum of Natural History, 1940, p. 258. today its inhabitants are predominantly Shia muslims. Nasiriyah was founded by the Muntafiq tribe in the late 19th century during the Ottoman Empire, Ottoman era. It has since become a major hub for transportation. Nasiriyah is the center of a Date palm#Dates, date-growing area. The city's cottage industries include boat-building, carpentry and silver working. The city museum has a large collection of Sumerian, Assyrian, Babyl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Iraq
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Baghdad
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Iraq
The Central Bank of Iraq (CBI) ( ar, البنك المركزي العراقي) is the central bank of Iraq. It was established in 1947, the same year in which the British occupation of Iraq was ended. CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system. History After World War I and the dissolution of the Ottoman Empire, Iraq's monetary system was administered by the British Mandate of Mesopotamia until 1931, when the Iraq Currency Board was established in London to issue the new Iraqi dinar and maintain its reserves. The Iraq Currency Board pursued a "conservative monetary policy, maintaining very high reserves behind the dinar", which was "further strengthened by its link to the British pound". In 1949, the currency board was replaced by the National Bank of Iraq, which had been founded two years before on 16 November 1947. The National Bank of Iraq became the Central Bank of Iraq in 1956. Since switching ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iraqi Dinar
The Iraqi dinar () (Arabic language, Arabic: دينار; currency sign, sign: ID in Latin alphabet, Latin, د.ع in Arabic script, Arabic; ISO 4217, code: IQD) is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils (فلس), although inflation has rendered the fils obsolete since 1990. On 26 December 2022, the exchange rate with the US Dollar was US$1 = 1556 dinars. History The Iraqi dinar entered circulation on 1 April 1932, replacing the Indian rupee, which had been the official currency since the Mesopotamian campaign, British occupation of the country in World War I, at a rate of 1 dinar = 11 rupees. The dinar was pegged at par with Pound sterling, sterling until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of ID 1 = US$2.80. By not following the US devaluations in 1971 and 1973, the official rate rose to US$3.3778, before a 5% devaluation reduced its rate to US$ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Iraq
This is a list of banks in Iraq. Central bank *Central Bank of Iraq * Victory international bank * State-owned banks *Rafidain Bank *Rasheed Bank *Industrial Bank * Agricultural Cooperative Bank of Iraq *Real Estate Bank of Iraq *Bank of Iraq *Trade Bank of Iraq Private banks * Al Qurtas Islamic Bank for Investment and Finance (QIB) * International Development Bank of Iraq (IDB) * Ashur International Bank for InvestmentFIRST IRAQI BANK* Albaraka Bank Turkey *Kurdistan International Bank * Ghana Bank *Babylon Bank *Bank of Baghdad *Basrah International Bank for Investment *Commercial Bank of Iraq * Credit Bank of Iraq *Dar Es Salaam Investment Bank * Dijlah & Furat Bank *Economy Bank Iraq *Gulf Commercial Bank *Taawen Islamic Bank *Industrial Union Investment Bank *Investment Bank of Iraq *Iraqi Middle East Investment Bank *Islamic Bank *Mosul Bank *National Bank of Iraq * North Bank * Sumer Bank * Union Bank of Iraq *Bank Audi * ِWorld Islamic Bank * ِElaf Islamic Bank * Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Arab world, and the largest in Western Asia and the Middle East. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. Bahrain is an island country off the east coast. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of its terrain consists of arid desert, lowland, steppe, and mountains. Its capital and largest city is Riyadh. The country is home to Mecca and Medina, the two holiest cities in Islam. Pre-Islamic Arabia, the territory that constitutes modern-day Saudi Ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riyadh
Riyadh (, ar, الرياض, 'ar-Riyāḍ, lit.: 'The Gardens' Najdi pronunciation: ), formerly known as Hajr al-Yamamah, is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. It is the largest city on the Arabian Peninsula, and is situated in the center of the an-Nafud desert, on the eastern part of the Najd plateau. The city sits at an average of above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Riyadh had a population of 7.6 million people in 2019, making it the most-populous city in Saudi Arabia, 3rd most populous in the Middle East, and 38th most populous in Asia. The first mentioning of the city by the name ''Riyadh'' was in 1590, by an early Arab chronicler. In 1737, Deham Ibn Dawwas, who was from the neighboring Manfuha, settled in and took control of the city. Deham built a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM) is an international financial centre and free zone located on Al Maryah Island in the United Arab Emirates's capital, Abu Dhabi. The financial centre was established in 2013 and became fully operational in October 2015. It has three authorities – the financial services regulator, the registration bureau and the ADGM courts. In January 2015, the Abu Dhabi Global Market announced that it had renamed the location it was based in, “Sowwah Square”, to "Abu Dhabi Global Market Square". ADGM regulates the trading of digital assets and became an attractive jurisdiction for crypto companies after it introduced digital asset regulation in 2018. That same year ADGM joined the World Alliance of International Financial Centers. See also *List of financial regulatory authorities by country *List of company registers This is a list of official business registers around the world. There are many types of official business registers, usually maintain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tikrit
Tikrit ( ar, تِكْرِيت ''Tikrīt'' , Syriac language, Syriac: ܬܲܓܪܝܼܬܼ ''Tagrīṯ'') is a city in Iraq, located northwest of Baghdad and southeast of Mosul on the Tigris River. It is the administrative center of the Saladin Governorate. , it had a population of approximately 160,000. Originally a Fortification, fort during the Neo-Assyrian Empire, Assyrian empire, Tikrit became the birthplace of Muslim military leader Saladin. It also is the birthplace of Saddam Hussein and also the city from where a significant portion of those he appointed in government roles originated during the time of Ba'athist Iraq until the United States, US-led 2003 invasion of Iraq, invasion of Iraq in 2003. After the invasion, the city has been the site of conflict, culminating in the Second Battle of Tikrit from March through April 2015, which resulted in the displacement of 28,000 civilians. The Iraqi government regained control of the city from the Islamic State on March 31, 2015 and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ramadi
Ramadi ( ar, ٱلرَّمَادِي ''Ar-Ramādī''; also formerly rendered as ''Rumadiyah'' or ''Rumadiya'') is a city in central Iraq, about west of Baghdad and west of Fallujah. It is the capital and largest city of Al Anbar Governorate which touches on Syria, Jordan and Saudi Arabia. The city extends along the Euphrates which bisects Al Anbar. Founded by the Ottoman Empire in 1879, by 2018 it had about 223,500 residents, near all of whom Sunni Arabs from the Dulaim tribal confederation. It lies in the Sunni Triangle of western Iraq. Ramadi occupies a highly strategic site on the Euphrates and the road west into Syria and Jordan. This has made it a hub for trade and traffic, from which the city gained significant prosperity. Its position has meant that it has been fought over several times, during the two World Wars and again during the Iraq War and Iraqi insurgency. It was heavily damaged during the Iraq War, when it was a major focus for the insurgency against occupying Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
