Financial and Banking News
Al-Rashid Commercial Bank starts Operations
A new Iraqi state-controlled bank, Al-Rashid Commercial Bank, startedoperations in Baghdad on 1 November with a capital of ID1OOmn ($322mn) paid bythe state treasury. It will conduct all types of commercial operations, bothdomestic and foreign, and will open branches across the country by next Januaryand abroad later. It will be headed by Mr. Majid al-'Ani, a noted Iraqi banker...