Ahli United raises stake in Iraq bank
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Ahli United raises stake in Iraq bank
by Ponee Tue Aug 02, 2016 12:01 pm
Ahli United Bank (AUB), Bahrain's largest lender, has raised its stake in Commercial Bank of Iraq to 64.71 percent, according to a stock exchange statement.
AUB purchased a 10 percent stake in Commercial Bank of Iraq, AUB said in a statement on Monday, without elaborating.
A statement from the Iraq Stock Exchange on Thursday said AUB's stake in Commercial Bank of Iraq had reached 64.71 percent after AUB purchased 25 billion additional shares in the bank. It did not mention the price AUB paid for the shares.
Commercial Bank of Iraq's closing share price on Thursday was 0.43 dinars, which would value the 10 percent stake at around 10.75 billion dinars ($9.20 million).
AUB acquired a 49 percent stake in the bank in December 2005, according to AUB's website.
In addition to Iraq, AUB has a presence in Kuwait, Egypt, Libya, Oman and Britain. - Reuters
http://www.tradearabia.com/news/BANK_311328.html
Save
Ponee- Admin
- Posts : 38255
Join date : 2011-08-09 
Re: Ahli United raises stake in Iraq bank
by Ponee Tue Aug 02, 2016 12:02 pm
Iraq expects to double Halfaya oilfield output
Iraq expects to double output at the southern Halfaya oilfield, to reach its planned maximum of 400,000 barrels per day (bpd), in 2018, the oil ministry said in a statement on Tuesday.
The government has approved PetroChina's plans to launch the third phase of development at the field that now produces about 200,000 bpd, said the statement, citing Adnan Noshi, head of state-run Maysan Oil Co which oversees oilfields in the namesake province.
Iraq last year boosted production by more than 500,000 bpd, despite spending cuts by companies working at the southern fields and conflict with Islamic State militants.
Iraqi officials and oil analysts expect further growth in the country's exports this year, although at a slower rate than in 2015 when it was the fastest source of Opec supply growth. - Reuters http://www.tradearabia.com/news/OGN_311400.html
Ponee- Admin
- Posts : 38255
Join date : 2011-08-09 -
Similar topics» National Bank of Kuwait raised its stake in Credit Bank of Iraq
» Custodian of the United Bank for Investment: United Bank of the banks that work hard in Iraq
» "Al-Ahli Al-Iraqi" raises the value of personal loans
» “Al-Ahli Bank” tops the list of the highest stocks in the Iraq Stock Exchange
» Baghdad today publishes 3 secret documents, especially exposing those involved in the smuggling of about two billion dollars outside Iraq
» Custodian of the United Bank for Investment: United Bank of the banks that work hard in Iraq
» "Al-Ahli Al-Iraqi" raises the value of personal loans
» “Al-Ahli Bank” tops the list of the highest stocks in the Iraq Stock Exchange
» Baghdad today publishes 3 secret documents, especially exposing those involved in the smuggling of about two billion dollars outside Iraq
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» 74.2 million people in the USA have not had a single dose of a Covid-19 Vaccine, & another 157 million have refused a 2nd or 3rd dose according to CDC
» Unprecedented Mortality Rates – must be Climate Change!!
» Thailand giving away one million cannabis plants to encourage citizens to grow natural medicine
» America is being suicided by John Kaminski
» Textbook Tony
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad