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Rafidain Bank Announces Third Series of Reconstruction Bonds

By John Lee. In a move to enhance the investment sector and align with the directives of the Ministry of Finance, Rafidain Bank has announced the issuance of the third series of reconstruction bonds for amounts of 500,000 and 1,000,000 Iraqi dinars. The bonds carry an annual interest rate of 6% and 8% for two

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Restructuring Rafidain Bank: Iraqi PM Meets Ernst & Young

Restructuring Rafidain Bank: Iraqi PM Meets Ernst & Young
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Restructuring Rafidain Bank: Iraqi PM meets Ernst & Young

By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has presided over a meeting with representatives from Ernst & Young (EY), specializing in auditing and financial consulting. The preliminary draft of the company's plan for restructuring the state-owned Rafidain Bank was discussed. According to a statement from the Prime Minister's office, he emphasized the need

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Qi Card Extends Western Union Service to Rafidain Clients

By John Lee. Qi Card has announced the inclusion of all holders of Rafidain Bank cards in the Western Union money transfer service. Director Ali Hussein Mun'im said the decision was made in order to serve a broader segment of the public. Qi Card was established in 2007 as a joint venture between the private

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Revolving doors: Linklaters makes bold US play as new year recruitment picks up

Linklaters’ New York office began the week with the hire of a six-lawyer M&A team from Shearman & Sterling, led by Legal 500 Hall of Famer, George Casey.

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Iraqi PM reviews Ernst & Young's plan to restructure Rafidain Bank

Iraqi PM reviews Ernst & Young's plan to restructure Rafidain Bank
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Norton Rose Fulbright loses another litigation partner as departures continue to mount

In another blow for Norton Rose Fulbright (NRF), commercial litigation partner Radford Goodman has left for Mishcon de Reya. Goodman joined Mishcon’s insol

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EY to Advise Iraq on Banking and Insurance Reforms

By John Lee. The Iraqi Cabinet has approved a series of contracts with UK-based professional services firm Ernst & Young (EY), aimed at reforming Iraq's banking and insurance sectors: The first contract involves a comprehensive study on the restructuring of the state-owned Rafidain Bank and Rasheed Bank, with recommendations and a roadmap expected within six

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Iraq recovers two billion dinars from former officials

Iraq recovers two billion dinars from former officials
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UK, France to Co-Chair Iraq Economic Contact Group (IECG)

By John Lee. France and the United Kingdom are to co-chair the Iraq Economic Contact Group (IECG) from the start of January. In a statement, the group added that, as friends and partners of Iraq, Canada, France, Germany, Italy, Japan, the European Union, the United Kingdom, the United States, and the World Bank commit to

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