Standard Chartered Plc (STAN.L) is in talks to buy a stake in Warka Bank, one of Iraq's biggest private banks, a central bank official said on Monday.
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The investment commission of Najaf in the Kurdistan region of Iraq has awarded two investment licenses worth $56m; one for constructing a residential complex in Manathira district and another for building a tourist hotel in Najaf city,
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Foreign banks are hunting for stakes in private Iraqi banks as the sector appears ripe for investment and consolidation but local banks are reluctant to take partners, fearing a loss of control, banking officials say.
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A Canadian businessman has denied claims that his company is "fake" after the Iraqi government cancelled a $1.25-billion power generation contract with the Vancouver-based business, saying the company existed "on paper only."
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Government officials said that rising temperatures worldwide could make Iraq is facing a new wave of a three-year drought and high temperatures threaten to cut production of wheat without the strategic level at two million tons.
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Iraq is to send a delegation to Kuwait to look into whether the Mubarak al Kabir Port project on Boubyan Island violates its maritime rights.
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The Iraqi parliamentarians raised the slogan blending Private sector, public sector and activating the role of the private sector in the reality of belief in the new Iraqi economy, he says that they need to the foreign and institutional investors in various economic fields. Read the full story in TODAY magazine print edition
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Partnerships between the Iraqi private sector and foreign
companies from New phenomena in the Iraqi economy, a partnership company Oasis International groups of companies with Al Morrell Development
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