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FINANCIAL NEWS
IMF confirms USD5.3bn arrangement for Iraq
10 Jul 2016
(MENAFN) The Intl’ Monetary Fund approved a three-year, USD5.34bn standby arrangement for Iraq in order to support Baghdad to deal with lower oil prices.
Accordingly, the approval will permit for the immediate payment of almost USD634mn under the program, while the country received USD1.24bn.
However, the Iraqi economy was affected by the double shock arising from the ISIS attacks and the drop in global oil prices.
Moreover, the program also requires Iraq to have notable steps to enhance anti-corruption laws and to prevent money laundering and face the financing of terrorism.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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