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UAE. UAE banks need to use a more diverse range of risk management tools and practices to ensure their competitiveness across the world as Basel II gets fully implemented, a study from The British University in Dubai (BUiD), the Middle East

$911,000 to develop street in Kirkuk February 3, 2010 - 05:49:29 KIRKUK / Aswat al-Iraq: Kirkuk Governor Abdilrahman Mustafa on Wednesday initiated a project to develop a major street in the province, at a total cost of around $911 thousand.

476,000 tons of corn distributed on poultry farmers in Karbala February 2, 2010 - 04:08:00 KARBALA / Aswat al-Iraq: Karbala Agriculture Directorate distributed around 476 thousand tons of yellow corn to poultry farmers in the province.

Huwaiyja

Finance minister to negotiate investment deal with Oman February 3, 2010 - 05:50:44 BAGHDAD / Aswat al-Iraq: The Iraqi cabinet has authorized the finance minister to negotiate an investment agreement with Oman, an official source said on Wednesday.

CBI sells $98 million on Wednesday February 3, 2010 - 12:18:08 BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq

ISX index closes at 93.5 points on Wed. February 3, 2010 - 01:39:41 BAGHDAD / Aswat al-Iraq: The Iraqi Stock Exchange (ISX) index went down slightly on Wednesday by 0.16 percent to close at 93.5 points during a session that saw the shares of 36 out of 81 electronically-registered companies exchanging hands. During the trading session, rates of 17 companies went up, seven down while 12 retained their previous rates. The session witnessed the trading of more than 1 billion shares worth over 1.831 billion Iraqi dinars through 330 transactions, 19 of them went to non-Iraqi investors with more than 75.8 million shares worth more than 98.9 million Iraqi dinars, mostly over the banking sector. The banking sector came in the lead today with 92 percent of the trading volume, followed by the hotel sector with 4 percent% of the trading over eight firms. The ISX witnessed its first e-trading session on April 19 over five registered companies, three banks and two hotels. The banks were: Ashur International Bank (AIB), Al-Mansour Bank and the Iraqi Credit Bank while the hotels were: Ashtar Hotel and Al-Mansour Hotel. On June 7, the Iraqi Middle East Investment Bank and the Warka Bank joined the electronic trading sessions. The ISX now holds five sessions from Sunday to Thursday.

Basra to plan strategy on how to disburse revenues February 3, 2010 - 02:35:05 BASRA / Aswat al-Iraq: The local government in Basra is drawing up a strategy on how to disburse revenues from crude oil production and border outlets, the local governor said on Wednesday.