Economic Development
Purchase of the Credit Bank of Iraq:
National Bank of Kuwait, the Arab lender with the highest credit rating, agreed to buy the Credit Bank of Iraq in what may be the first foreign purchase of an Iraqi lender in at least four decades.
National Bank will hold 75 percent of the Iraqi bank and the World Bank's International Finance Corporation will hold 10 percent.
Multi-National Forces, in cooperation with Texas A&M University, Colorado State University, Kansas State University, and the World Wide Wheat Company, will distribute more than 1,000 pounds of wheat seeds to Iraqi farmers located in the Ninevah Province by October.
The Iraqis will plant the seed variants in test plots to see which species show the most potential.