Commercial Bank of Iraq -- what is going on?

[anele]

Commercial Bank of Iraq -- looks like one of the best in Iraq, so many positive points: first bank which use Mastercard in Iraq, one of the first bank which go to electronic trading, 49% owned by Al-Ahli United Bank of Bahrain (through an Iraqi Holding Co.), 60 bil. IQD capital (more than Daressalam Bank in this moment). Howewer, as Crow mentioned while ago, Commercial Bank is only one Bank which did not rewarded their shareholders -- no free shares, no paid up shares, no any dividends... The trading goes almost all the time for this bank without any break for the meeting... So, what's going on with Commercial Bank of Iraq?

[lglwzrd]

good business.....

[RoyalBeluga]

I was disappointed to miss out on purchasing more Commercial Bank stock prior to it going electronic, now I feel different. It's one of my worst performing stocks.

[Crow]

Do not be deceived by the stock performance, Commercial Bank is well positioned and well connected. We will hear great things in the future that I am sure.:yes: Commercial bank is a must have stock, I have a few shares.:thinking:

[Crow]

http://kubba-group.net/commercialbank/index.htm

[Seaview]

http://www.ahliunited.com/bh_aub_cbiq.html :wink:

[bigslickpig]

The activities of the Union for the Mediterranean are to be resumed at the end of June in Paris, with a meeting of the Ministers for the Environment.
As announced by a spokesperson from the French Ministry for Foreign Affairs to AFP, "a meeting among Ministers and Ministries that are in charge for the environmental issues is being organized, although a defined date has not been fixed yet."
At the end of May the head of Egyptian diplomacy in France Ahmed Abul Gheit had told AFP that the meeting would take place on June 25 in order to "re-activate" the Union, whose work was stopped since the Israeli attack to Gaza Strip at the end of 2008.
Born as headlight project of the French presidency at the European Union during the second semester 2008, the Union for the Mediterranean - whose main purpose is to re-launch the Euromed cooperation started in 1995 in Barcelona through the development of concrete projects in sectors such as environment, transportation, energy, culture, education etc. - has been literally ignored so far.
The Union for the Mediterranean involves some 40 members, including EU countries, Israel and Mediterranean Arab countries.
The French Minister for Foreign Affairs Bernard Kouchner on Wednesday will go to Sweden - that is taking over the EU presidency from the 1st of July - to discuss with his counterpart Carl Bilt the proposal to link the EU presidency with the Union's governance, which so far is jointly held by France and Egypt.:handshake:

[shardima]

Do not be deceived by the stock performance, Commercial Bank is well positioned and well connected. We will hear great things in the future that I am sure.:yes: Commercial bank is a must have stock, I have a few shares.:thinking:

me too! and I am waiting on my mastercard which should come this week or next! yeah baby!:giggle:

[wherbie]

earnings per share 2008

.40 Fils...not impressive

better change gears....

.

[Crow]

earnings per share 2008

.40 Fils...not impressive

better change gears....

. I think Warka's earnings per share was .26 the financial statements must be looked at with a company's objectives in mind, expansion, technical and electronic improvements etc

[Tattoo4u]

let me know how they do over the next couple yrs, thats all that matters to me :party:

[lglwzrd]

you know, i was debating about selling the slow ones and buying more of the faster ones...but in the end-they will all be great!! so im sticking with them all....even commercial bank-and im in the red w/that one......the name of the game is shares....shares....shares.....and thats to quote my friend, oldskiier!!

[Kickabuck]

Investment numbers are very misleading with all the banks, i.e. Warka's PE ratio was recently 727 to 1. I believe capital is the primary indicator for the banks, it shows who's well positioned to grab the big business. These are most likely the same banks that will absorb smaller banks who fail to meet the minimum requirements going forward. That puts BBOB, BROI, BUOI, and BWAI strategically placed atop the list. There may be others as the numbers change quickly.

[RoyalBeluga]

BROI ? Is this a new bank?

[Kickabuck]

Nope, that's Credit Bank :

Commercial Bank BCOI
Bank Baghdad BBOB
Islamic Bank BIIB
Middle East BIME
Investment Bank BIBI
Basrah Int. BBII
National Bank BNOI
Credit Bank BROI
Dar Essalaam BDSI
Sumer Commercial BSUC
Babylon Bank BBAY
Economy Bank BEFI
GulfCommercial BGUC
Warka Bank BWAI
Mosul Bank BMFI
Union Bank BNOR
North Bank BUOI
Kurdistan Int BKUI
Ashur Bank BASH
Mansour Bank BMNS
United Bank ?

[RoyalBeluga]

United Bank - BUBI perhaps?

Actually I just checked and its BUND.