Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Iraq, Turkey discuss financial and banking relations

The Governor of the Central Bank of Iraq Mustafa Ghaleb Mukhif with his Turkish counterpart Shihab Kavuoglu.
  • Governor of Central Bank of Iraq called on his Turkish counterpart to facilitate the settlement of the trade balance between the two countries
  • His Turkish counterpart said that the Central Bank of Turkey was "ready to open the doors of cooperation and facilitate banking operations between the two countries."

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif on Thursday discussed the development of financial and banking relations  with hisTurkish counterpart Shihab Kavuoglu. . 

“Our visit aims to develop banking relations between the two countries, support the opening of branches of Iraqi banks in Turkey and open mutual accounts, in a way that contributes to the development of trade relations between the two countries on the basis of reciprocity,” Mukhif said.. 

He called on his Turkish counterpart, to “provide facilities to Iraqi banks in a way that facilitates the settlement of the trade balance between the two countries and the transfer of funds belonging to Iraqis residing in Turkey.”. 

Kavuoglu praised the efforts made by the Central Bank of Iraq in developing the national economy, stressing that it is “ready to open the doors of cooperation and facilitate banking operations between the two countries.”