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07/10/2013 (00:01 pm)
Bank (JP Morgan) American expands its business in the country
BAGHDAD / Press-term
Preparing JP Morgan Bank (JPMorgan) U.S. enter the Iraqi market as the second largest oil exporter in the OPEC countries and through specific access to the Convention for one year with the Trade Bank of Iraq to finance shipments of imported goods and services to Iraq.
The transfer of the site Sachs stock and investment statement issued by the bank and seen, it (the long-Presse), that "banks (JPMorgan) will be in a position to provide assistance to Bank of Iraq trade in open books adopt more in the country. Was bank JP Morgan has provided assistance formerly of the Bank of Iraq's commercial finance shipments of imports required for the country during the campaign reconstruction of the country for the period after the war. Conveniently contains the fifth largest oil reserves in the world, Iraq, after a period of war and neglect, was quick to launch an initiative reconstruction in the country and modernize built the oil sector infrastructure in terms contributed to the the arrival of its production to 3.2 million barrels per day in June 2013, aims to raise its production to more than 3.5 million barrels per day by the end of 2013.
According to the International Monetary Fund IMF is expected to reach annual economic growth rate for Iraq to 9%, in addition to that, the increase Iraq's oil exports and falling interest rate lending from 17% to 6%, it is considered a key factor to promote the plans of the country in the process of expanding trade and economic . Since the previous limit of 2003, foreign banks were prohibited from business in Iraq, however, after the fall of Saddam Hussein's regime has allowed foreign banks to operate in Iraq.
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Bank (JP Morgan) American expands its business in the country
BAGHDAD / Press-term
Preparing JP Morgan Bank (JPMorgan) U.S. enter the Iraqi market as the second largest oil exporter in the OPEC countries and through specific access to the Convention for one year with the Trade Bank of Iraq to finance shipments of imported goods and services to Iraq.
The transfer of the site Sachs stock and investment statement issued by the bank and seen, it (the long-Presse), that "banks (JPMorgan) will be in a position to provide assistance to Bank of Iraq trade in open books adopt more in the country. Was bank JP Morgan has provided assistance formerly of the Bank of Iraq's commercial finance shipments of imports required for the country during the campaign reconstruction of the country for the period after the war. Conveniently contains the fifth largest oil reserves in the world, Iraq, after a period of war and neglect, was quick to launch an initiative reconstruction in the country and modernize built the oil sector infrastructure in terms contributed to the the arrival of its production to 3.2 million barrels per day in June 2013, aims to raise its production to more than 3.5 million barrels per day by the end of 2013.
According to the International Monetary Fund IMF is expected to reach annual economic growth rate for Iraq to 9%, in addition to that, the increase Iraq's oil exports and falling interest rate lending from 17% to 6%, it is considered a key factor to promote the plans of the country in the process of expanding trade and economic . Since the previous limit of 2003, foreign banks were prohibited from business in Iraq, however, after the fall of Saddam Hussein's regime has allowed foreign banks to operate in Iraq.
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