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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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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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