Foreign Banks in Iraq and Kurdistan | List of Foreign Banks
There are 12 foreign banks present in Iraqi banking sector. Most of the banks are from Lebanon, followed by banks from the Gulf and Turkey.
imported 2024-03-17 17:43:07
There are 12 foreign banks present in Iraqi banking sector. Most of the banks are from Lebanon, followed by banks from the Gulf and Turkey.
There are currently 11 Islamic banks operating in Iraq. According to the World Bank statement from 2010, “the Islamic banking activities in Iraq started in 1993, where the Iraqi Islamic Bank for Investment and Development was established as the first Iraqi Islamic bank. Islamic banks now have 83 branches and 1504 employees, with the ratio of branches and employees of the Islamic banks to that of all private banks being broadly similar at 19 percent and 17 percent.
The two largest banks in Iraq is Trade Bank (Public) and North Bank (Private). View the latest list of the largest banks in Iraq.
José Carlos Lyra de Andrade, President of FIEA (Alagoas State Federation of Industries)
The President of FIEA, José Carlos Lyra de Andrade, talks about the industry sector in Alagoas, mentioning the importance of the sector for the state’s economy, the potentials and challenges of the industry, and also some investment opportunities.
Rui França, State Secretary of Communication
Alagoas State Secretary of Communication, Rui França, talks about the national and international image of the Northeastern Brazilian State. He also mentions some of the actions being taken to improve this image and attract more tourists and investors.
Teotonio Brandão Vilela Filho, Governor of Alagoas
The Governor of Alagoas, Teotonio Brandão Vilela Filho, introduces the Northeastern Brazilian State, mentioning its history, economy, potentials, challenges, areas of development and investment opportunities.
Alberto Cabús, Director of Fika Frio, presents his company specialized in fruit processing for ice cream and pulp production. He also mentions the importance of sustainability in his industrial process and vision for the future.
Real-estate sector in Iraq’s Kurdistan is the second most dynamic sector after oil and gas. According to figures from the Kurdistan Investment Board (KIB), since the passage of an investment law in 2006, around $20 billion has been invested in Kurdistan. More than half of that, or $11.1 billion, has gone into the housing sector, the other sources state that 51% of all capital investment in the Region has been in real estate (around $9.8 billion to date).
Empire World, a private real estate and investment company in the Erbil (Kurdistan Region of Iraq), just launched an innovative website, one of the best in its sector.
Oil and gas reserves are undoubtedly the most important assets for Iraq’s Kurdistan. According to OPEC, Iraq’s resources of 143 billion barrels of crude oil and 126.7 trillion cubic feet of gas are the fourth largest in the world after Venezuela, Saudi Arabia and Iran. However, Iraq’s oil production is almost half that of Iran, meaning there is plenty of room for growth.
Kurdistan accounts for 43.7 billion barrels of proven oil reserves, 25.5 billion more barrels of unproven reserves and between 3 and 6 trillion cubic meters of gas (30% of Iraq’s proven oil reserves). If Kurdistan was a country, the amount of oil and gas reserves would place it among the top 10 oil rich countries in the world.