Middle East Bank branch in Mosul

NINEWA / IraqiNews.com: The Iraqi Middle East Investment Bank has opened a new branch in Mosul city, according to the branch’s director. “The branch was opened with a capital of 42 billion Iraqi dinars, which is expected to reach 50 billion in mid-2009,” Mohammed Majeed al-Mahyoul told IraqiNews.com news agency. Established in 1997, the bank has 13 branches all over the country. Mosul, the capital city of Ninewa province, lies 405 km north of Baghdad. SS (P) 1