Latest News for: Iraq auction

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Monster funnels billions of dollars to fraudsters and militants through the US Federal Reserve in Iraq

Blitz 29 Oct 2024
The auction allows Iraq’s central bank to sell US dollars held in the DFI account at a daily event open to approved Iraqi banks ... The committee found that 29 were not even registered in Iraq, as they are required to be to take part in the auction.
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West Asia tension hits tea exports from Kochi auctions

Business Line 18 Oct 2024
The escalating tension in West Asia following the Iran-Israel standoff appears to have impacted the Kochi Tea auction market, which is witnessing sluggish off-take from the overseas buyers.
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US Federal Reserve faces scrutiny over 'Iraq banking scandal'

The New Arab 10 Oct 2024
His follows reports that billions were funnelled to Iran-backed militias through Iraqi banks, as part of a broader scandal involving Iraq's dollar auction system and other allegations of fraud.
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Echo art initiative for Iraq benefits from Dubai auction

The National 27 Sep 2024
For the auction, Bilal contributed a photograph from And Counting, a performance piece in New York from 2010 in which the artist had his back tattooed with a borderless map of Iraq, with a red dot for ...
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Iraq named Guest of Honour at 3rd Liwa Dates Festival and Auction in October

Beijing News 23 Sep 2024
ABU DHABI, 23rd September, 2024 (WAM) - Organisers of the Liwa Date Festival and Auction announced that the Republic of Iraq will be the ''Guest of Honour'' in its third edition, which will be held under the patronage of H.H.
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Racing gloves worn by Princess Diana up for auction

Knoxville Daily Sun 09 Aug 2024
A pair of racing gloves worn by Princess Diana on a fun karting day out with her sons is up for auction. (Iconic Auctioneers via SWNS) ... A pair of racing gloves worn by Princess Diana on a fun karting day out with her sons is up for auction.
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Dropping tea prices In Kochi auctions boost export demand

Business Line 19 Jul 2024
Declining tea prices in Kochi auctions have perked up export demand for leaf varieties with some buyers, especially from Iraq, evincing interest in orthodox grades.
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Rising North Indian buys, export demand lift orthodox tea prices at Kochi auctions

Business Line 07 Jun 2024
Rising tea procurement from North India and a strong overseas demand lifted orthodox leaf prices at Kochi tea auctions. The sales witnessed 99 per cent of the two lakh kg offerings being auctioned off.
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Uganda welcomes Qatar’s KON Group delegation, signalling investment opportunities

The Peninsula 20 May 2024
... tea whose prices have lately fallen on the Mombasa Auction mainly due to war in destination markets of Russia-Ukraine, Sudan, Syria, Iraq, Yamen, Gaza etc, hence, the need to find new markets.
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Iraqi lawmakers urges amending banking laws

The New Arab 02 May 2024
Iraqi MP Hussein Arab in October raised concerns about the dominance of Jordan's Al-Ahli Bank in Iraq, controlling up to 75% of daily dollar auctions compared to local banks receiving less than 20%.
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Iraq audit exposes $600M corruption of 'ghost travellers'

The New Arab 24 Apr 2024
The document reveals how private bank owners exploited large loans intended for investment projects to purchase dollars from the currency auctions run by the Central Bank of Iraq, diverting funds from their intended purpose.
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Export buying pushes up orthodox leaf prices in Coonoor tea auctions

Business Line 23 Apr 2024
Export buying has lifted orthodox leaf prices at Coonoor auctions with Iraq emerged as a major buyer for the brew. According to traders, Iraq is one of the major buyers of medium ...
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Iran's appearance of power a mirage after failed attack, says Saudi analyst

Beijing News 17 Apr 2024
"Some of them fell victim to electric cables in Iraq, while others fell as fragments in Jordanian territory and are already being sold at auctions via the Internet," which he said does not convey power.
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Joint Statement from the Leaders of the United States and the Republic of Iraq

The White House 16 Apr 2024
The two sides also committed to support the Central Bank of Iraq to fully wind down the wire auction mechanism by the end of 2024 and transition to direct correspondent relationships between Iraqi and ...
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Iraqi purchase lift orthodox tea sales in Kochi auctions

Business Line 08 Mar 2024
A strong purchase made by buyers from Iraq has lifted the sales of orthodox teas at Kochi auctions ... The absence of auctions in the North due to winter holidays also prompted buyers to ...

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