Summary Iraq trying to crack down on dollar smuggling, including to Iran Baghdad faces hard task of balancing Washington, Tehran Banking sector could shrink with new regulations Govt, c.bank eye modernizing, digitizing economy BAGHDAD, Aug 16 (Reuters) - Iraq has made strides implementing U.S. dollar supply restrictions targeting Iran but faces an uphill battle
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Baghdad (AFP) – Iraq's prime minister on Saturday inaugurated construction work on what is slated to become the first railway line connecting the country to neighbouring Iran, a major political and economic partner. Prime Minister Mohammed Shia al-Sudani (R) and Iran's Vice President Mohammad Mokhber lay the foundation stone © - / IRAQI PRIME MINISTER'S PRESS OFFICE/AFP T
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BAGHDAD, Aug 24 (Reuters) - Iraq will import gas from Turkmenistan under an initial agreement reached by the countries to meet part of Iraq’s power station needs, its oil ministry said on Thursday. “It was initially agreed to import quantities of gas to meet part of the needs of the electric power stations,” Iraqi Deputy Oil Minister for gas affairs Azzat Sabir was quoted as
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ERBIL, Kurdistan Region - Iraq pocketed over $8 billion in crude oil sales for the first time in 2023 during the month of July, the country’s highest monthly oil revenue since October of last year. In its preliminary monthly report on Tuesday, Iraq’s oil ministry said that the country exported more than 106 million barrels of crude oil in the previous month, at a rate of 3.4
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Fitch Ratings - Dubai - 02 Aug 2023: Fitch Ratings has placed Iraq's Sumer Commercial Bank PSC's (SCB) Long- and Short-Term Issuer Default Ratings (IDRs) of 'CCC+' and 'C', respectively, and Viability Rating (VR) of 'ccc+' on Rating Watch Negative (RWN). The RWN reflects the ban recently imposed by the Central Bank of Iraq (CBI) that prohibits SCB from dealing in US dollars
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