Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

IRAQ RECONSTRUCTION

Launching Of ABC Branch In Iraq Approved

Bahrain-based Arab Banking Corp (ABC) has obtained an approval from the Central Bank of Iraq to open a branch in the country, a bank official said on 19 October. An Iraqi general manager has been appointed and the bank is to start its operations in 2Q 2005. The Iraqi Government has issued licenses to three international banks, National Bank of Kuwait, Standard Chartered and...