NO. 2


Financial and Banking News

Loans and Financing

Iraqi Airways to Seek $600mn

The chief executive of the state-owned Iraqi Airways, Mr. Issues Nur al-Dinal-Safa'i, last week said that the airline will be seeking $600mn worth ofcommercial loans in order to finance a modernization program for the airlinewhich includes the purchase of four new aircraft. Iraqi Airways carried 1mnpassengers last year, an increase of 25% over the previous year, and recorded aprofit of...