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Trade Bank of Iraq (TBI) achieves Record Profits

By John Lee. The state-owned Trade Bank of Iraq (TBI) has announced a net profit of 1.267 trillion Iraqi dinars (approx. $867 million) for the year just ended, making 2022 its most profitable year since its establishment in 2003. In a statement, the bank said the increase was due to the careful management of funds ....

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Alameda Research, Genesis' Multi-Billion Dollar Relationship: Report

Alameda Research received $6.5 billion from Genesis at the height of their lending relationship, according to the Wall Street Journal. ....

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Japan's Sumitomo seeks business in Iraqi Kurdistan

By John Lee. The General Manager of Japan's Somitomo in Iraq, Mr Miyaki, met with the Minister of Municipalities and Tourism of the Kurdistan Regional Government (KRG), Sasan Auni, to discuss expanding coordination and joint projects in the Kurdistan Region. The meeting follows a previous visit by the Minister and a delegation to Japan where ....

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DCG Halts Dividend to Save Cash As Genesis Tries to Avoid Bankruptcy

DCG is "strengthening our balance sheet by reducing operating expenses and preserving liquidity," according to a shareholder letter seen by Bloomberg. ....

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Could upskilling help avert a global green skills crunch?

New study from Boston Consulting Group and Microsoft warns up to 150 million people will need to be provided with sustainability skills in order to deliver on climate goals ....

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