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FINANCIAL NEWS
Iraq to seek loans of USD 20bn to rebuild
15 Jun 2016
(MENAFN) Iraq will look for loans of almost USD 20bn in the coming three year in order to rebuild its infrastructure and carry out development projects.
Meanwhile, the country would seek loans from the IMF, World Bank and the Islamic Development Bank to cover the costs of fighting militant group.
Moreover, it seeks loans of USD 20bn, as war losses value to USD 7bn yearly, which funds 3 to 5 percent of gross domestic product.
In addition, Iraq reached a USD 5.4bn deal with the IMF that could unlock USD 15bn more in global assistance among the next three years.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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