Bank of Baghdad was the first licensed bank in Iraq established in 1992. The bank offers retail and corporate banking services through a 36 branch and over 30 ATMs network. Bank of Baghdad is listed on the Iraqi Stock Exchange. Burgan Bank Group includes key subsidiaries that are Jordan Kuwait Bank, Gulf Bank Algeria, Bank of Baghdad and Tunis International Bank.
Iraq, Jordan Sign Deal for Railway Line Linking Port of Aqaba to Baghdad
Jordan and Iraq signed a Memorandum of Understanding for a rail line linking the Jordanian Red Sea port of Aqaba with the Iraqi capital of Baghdad, Petra said, citing Jordanian Transport Minister Muhannad Qudah.
Jordan’s government will provide 370 million dinars ($522 million) for the project and potential lenders include the World Bank, European Investment Bank, France’s state-run Agence Francaise de Developpement, the Islamic Development Bank, the Saudi Fund for Development, the Kuwaiti Fund for Arab Economic Development, the Kuwait-based Arab Fund for Economic and Social Development, the Japan Bank for International Cooperation and Germany’s state-owned development bank KfW, he said.
Iraq’s Vice-President Abdul-Mahdi resigns due to wish of Supreme Islamic Council’s Leadership
Iraq’s First Vice-President, Adel Abdul-Mahdi, has presented his resignation from his post, according to the willingness of the Supreme Islamic Council, because of what was described as “the mechanism followed by the political process,” a Supreme Islamic Council leader said on Monday.
“Vice-President, Adel Abdul-Mahdi, has presented his resignation officially to President Jalal Talabani, according to the willingness of the Supreme Islamic Council, because of the mechanism followed in the political process that was noticed by everybody,” Jumaa al-Atwany told Aswat al-Iraq news agency, adding that the Council won’t present a substitute for Abdul-Mahdi.’’ For the latest updates PRESS CTR + D or visit Stock Market news Today
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