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Babylon Bank
Babylon Bank (ISX: BBAY) is a commercial bank in Iraq. It was established in 1998. The bank has 12 branches in Baghdad, Mosul, Najaf, Karbala and Nasiriyah. See also *Economy of Iraq *Central Bank of Iraq The Central Bank of Iraq (CBI; ) is a monetary authority established in 1947, shortly after the end of the British occupation of Iraq. The CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based ... References {{reflist External linksOfficial Website Companies based in Baghdad Banks of Iraq Banks established in 1998 Iraqi companies established in 1998 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Bank
Private banks are banks owned by either the individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets. Private banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672. Notable private banks This list contains two types of banks: * Unincorporated banks owned by either an individual or a general partner(s) with limited partner(s). * Incorporated banks specialized in wealth management for high-net-worth individuals. China * Bank of Communications, founded in 1908 * China Merchants Bank France * Compagnie Financière Edmond de Rothschild, Paris, founded in 1953; a member of Edmond de Rothschild Group * Société Géné ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baghdad
Baghdad ( or ; , ) is the capital and List of largest cities of Iraq, largest city of Iraq, located along the Tigris in the central part of the country. With a population exceeding 7 million, it ranks among the List of largest cities in the Arab world, most populous cities in the Middle East and Arab world and forms 22% of the Demographics of Iraq, country's population. Spanning an area of approximately , Baghdad is the capital of its Baghdad Governorate, governorate and serves as Iraq's political, economic, and cultural hub. Founded in 762 AD by Al-Mansur, Baghdad was the capital of the Abbasid Caliphate and became its most notable development project. The city evolved into a cultural and intellectual center of the Muslim world. This, in addition to housing several key academic institutions, including the House of Wisdom, as well as a multi-ethnic and multi-religious environment, garnered it a worldwide reputation as the "Center of Learning". For much of the Abbasid era, duri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance And Insurance
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iraq Stock Exchange
The Iraq Stock Exchange (ISX), formerly the Baghdad Stock Exchange, is an Iraqi stock exchange located in Baghdad, Iraq. It was established by the Coalition Provisional Authority (CPA) Order No. 74 as a ''sui generis'' independent non-profit organization on April 18, 2004. This order also created the Iraq Securities Commission and an Iraq Depositary. The stock exchange was part of the development of the country from a non-transparent centrally planned economy to a free market economy through a dynamic private sector. The Iraq Stock Exchange was incorporated and began operations on June 24, 2004. It operates under the oversight of the Iraq Securities Commission, an independent commission modeled after the U.S. Securities and Exchange Commission. This body, which supervises the Board of Governors, initially served as the bridge between the country's previous state-owned stock exchange and the new independent exchange. June Reed is an American adviser to the stock exchange. Bac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iraq
Iraq, officially the Republic of Iraq, is a country in West Asia. It is bordered by Saudi Arabia to Iraq–Saudi Arabia border, the south, Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq border, the east, the Persian Gulf and Kuwait to the Iraq–Kuwait border, southeast, Jordan to Iraq–Jordan border, the southwest, and Syria to Iraq–Syria border, the west. The country covers an area of and has Demographics of Iraq, a population of over 46 million, making it the List of countries by area, 58th largest country by area and the List of countries by population, 31st most populous in the world. Baghdad, home to over 8 million people, is the capital city and the List of largest cities of Iraq, largest in the country. Starting in the 6th millennium BC, the fertile plains between Iraq's Tigris and Euphrates rivers, referred to as Mesopotamia, fostered the rise of early cities, civilisations, and empires including Sumer, Akkadian Empire, Akkad, and Assyria. Known ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mosul
Mosul ( ; , , ; ; ; ) is a major city in northern Iraq, serving as the capital of Nineveh Governorate. It is the second largest city in Iraq overall after the capital Baghdad. Situated on the banks of Tigris, the city encloses the ruins of the ancient Old Assyrian Empire, Assyrian city of Nineveh—once the List of largest cities throughout history, largest city in the world—on its east side. Due to its strategic and central location, the city has traditionally served as one of the hubs of international commerce and travel in the region. It is considered as one of the historically and culturally significant cities of the Arab world. The North Mesopotamian dialect of Arabic commonly known as North Mesopotamian Arabic, ''Moslawi'' is named after Mosul, and is widely spoken in the region. Together, with the Nineveh Plains, Mosul is a historical center of the Assyrian people, Assyrians. The surrounding region is ethnically and religiously diverse; a large majority of the city is A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Najaf
Najaf is the capital city of the Najaf Governorate in central Iraq, about 160 km (99 mi) south of Baghdad. Its estimated population in 2024 is about 1.41 million people. It is widely considered amongst the holiest cities of Shia Islam and one of its spiritual capitals, as well as the center of Shia political power in Iraq. It is the Imam Ali Shrine, burial place of Muhammad's son in law and cousin, ‘Alī ibn Abī Tālib, and thus a major pilgrimage destination for Shia Muslims. The largest cemetery in the world (Wadi-us-Salaam) and the oldest Shi'a Islamic seminary in the world (Hawza Najaf, Hawza of Najaf) are located in Najaf. Etymology According to Ibn Manzur, the word, "najaf" (), literally means a high and rectangular place around which water is accumulated, although the water does not go above its level. Al-Shaykh al-Saduq appeals to a hadith from Ja'far al-Sadiq, claiming that "Najaf" comes from the phrase, "nay jaff" which means "the nay sea has dried". "Naj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karbala
Karbala is a major city in central Iraq. It is the capital of Karbala Governorate. With an estimated population of 691,100 people in 2024, Karbala is the second largest city in central Iraq, after Baghdad. The city is located about southwest of Baghdad, and a few miles east of Lake Milh, also known as Razzaza Lake. Karbala is one of the main political, spiritual and cultural hubs of Shi'a Islam. The city, best known as the location of the battle of Karbala in 680 AD between Husayn ibn Ali and his band of several dozen followers, including some armed women, and several thousand soldiers led by Umar ibn Sa'd, General Umar ibn Sa'd on behalf of Ubayd Allah ibn Ziyad, the local governor. With presence of the shrines of Imam Husayn Shrine, Hussain and Al Abbas Mosque, Abbas, Karbala is considered a holy city for Shia Islam, Shia Muslims.Shimoni & Levine, 1974, p. 160.Aghaie, 2004, pp. 10–11. Soon, Karbala emerged as an important center of pilgrimage for Shiite Muslims across ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nasiriyah
Nasiriyah ( , ; , BGN: , ), also spelled Nassiriya or Nasiriya, is a city in Iraq, the capital of the Dhi Qar Governorate. It lies on the lower Euphrates, about south-southeast of Baghdad, near the ruins of the ancient city of Ur. Its population in 2018 was about 558,000, making it the ninth-largest city in Iraq. It had a diverse population of Muslims, Mandaeans and Jews in the early 20th century;Field Museum of Natural History, 1940, p. 258. today its inhabitants are predominantly Shia Muslims. Nasiriyah was founded by the Muntafiq tribe in the late 19th century during the Ottoman era. It has since become a major hub for transportation. Nasiriyah is the center of a date-growing area. The city's cottage industries include boat-building, carpentry and silver working. The city museum has a large collection of Sumerian, Assyrian, Babylonian, and Abbasid artifacts. The ruins of the ancient cities of Ur and Larsa are nearby and the Euphrates merges with the Tigris for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Iraq
The economy of Iraq is dominated by the oil sector, which provided 89% of foreign exchange earnings in 2024. During its modern history, the oil sector has provided about 99.7% of foreign exchange earnings. Agrarian economy underwent rapid development following the 14 July Revolution in 1958 which overthrew the Hashemite monarchy. It had become the third-largest economy in the Middle East by 1980. This occurred in part because of the industrialization and infrastructure development initiatives led by Saddam Hussein in the 1970s, which included irrigation projects, railway and highway construction, and rural electrification. In the 1980s, financial problems caused by massive expenditures in the Iran-Iraq War and damage to oil export facilities by Iran's military led the Ba'athist government to implement austerity measures, to borrow heavily, and to later reschedule foreign debt payments. Iraq suffered economic losses of at least $80 billion from the war. In 1988, the hostilities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
