Economist: Iraq’s Benefit From Rising Oil Prices Depends On Three Factors
Time: 2025/06/18 15:24:10 Read: 540 Times {Economic: Al-Furat News} Economist Salah Nouri
confirmed on Wednesday that Iraq‘s benefit from rising oil prices depends on three basic factors. He pointed out that fulfilling these conditions will have a positive impact on reducing the budget deficit and supporting cash liquidity.
Nouri told Al-Furat News Agency that “Iraq‘s benefit from rising oil prices depends on its ability to export the quantity planned in the budget, given the regional security situation and the safety of maritime routes, in addition to exporting the quantity of oil to the Kurdistan Region of Iraq, and the amount of oil sales transfers from the US Federal Reserve.”
He added that “fulfilling these conditions will have a positive impact on reducing the budget deficit and supporting cash liquidity.” https://alforatnews.iq/news/خبير-اقتصادي-استفادة-العراق-من-ارتفاع-أسعار-النفط-مشروطة-بتوفر-ثلاثة-عوامل
The Central Bank Of Iraq Organizes A Workshop On National And Sectoral Assessment Procedures.
June 18, 2025 The Central Bank of Iraq‘s Erbil branch organized a training workshop on
“National and Sectoral Assessment Procedures,” attended by the General Manager of the Erbil branch,
in cooperation with the Center for Banking Studies and the Compliance Supervisor’s Office at the Central Bank of Iraq.
The workshop was attended by a group of private banks, non-banking financial institutions, and electronic payment companies operating in the region.
The workshop also addressed the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the recommendations of the Financial Action Task Force (FATF), in addition to the national assessment of money laundering and terrorist financing risks based on international standards.
The workshop focused on practical applications and operational risk assessment, and presented real-life case studies that enriched the discussion and developed the participants’ analytical skills.
The lecturers emphasized the importance of
private banks,
non-banking financial institutions, and
electronic payment companies
adhering to
updated compliance policies and
effective cooperation between relevant units
to ensure a
cohesive banking environment that
keeps pace with
international standards and
embodies the vision of the Central Bank of Iraq in this regard.
This workshop comes as part of the vision of the
Center for Banking Studies at the Central Bank of Iraq and the
Office of the Compliance Controller of the Central Bank
to prepare a qualified generation of banking professionals
capable of meeting modern regulatory challenges and
instilling a culture of compliance
as the cornerstone of sound banking governance.
Central Bank of Iraq Media Office June 18, 2025 https://cbi.iq/news/view/2913
With A Document… The Iraq Stock Exchange Cancels The License Of Batek Company.
Economy 2025-06-18 880 views Alsumaria News – Economy Stock Exchange decided The Iraq today, Tuesday, to revoke the license of Al-Batec Securities Brokerage Company.
A document issued by the market and received by Alsumaria News stated that,
“Based on the letter of the Securities Commission No. 1169/5 on 6/5/2025, Regulation No. (5) to stop, suspend and delete brokerage companies and the securities regulations, the following was decided:
-Revoking the brokerage status of Al-Batec Brokerage Company, which is wholly owned by…
To the Bank of Babylon and cancel the company’s license and permit to practice work in
The market, based on Article (3//ninth) of the above-mentioned regulations, stipulates that the broker’s brokerage status shall be revoked in one of the following cases:
“In the event that the company is suspended from operating in the market by a decision from the Authority or the market, and the company does not take measures to return to work within six months from the date of suspension.”
2- Continuing to close all trading stations designated for the company.
3- Please settle the deposit account and provide proof of returning investors’ funds to them within a maximum period of 6/25/2025.
4- Shareholders’ shares deposited in the company’s account will be returned to the deposit center’s account.
5- Babylon Bank shall bear the responsibility for any financial and legal obligations that may arise for the company after this date as a result of its previous activity.
We hope that you will retain any supporting documents for all of the company’s previous operations.
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