Trade Bank of Iraq joins Thomson Reuters world-...

Trade Bank of Iraq- first bank in Iraq to join Thomson Reuters global
foreign exchange trading service

Baghdad & Dubai, 25 November, 2009 - Thomson Reuters today announced
the Trade Bank of Iraq (TBI) will be the first bank in Iraq to
connect to the international foreign exchange (FX) community using
Thomson Reuters Dealing trading service.  This deal reinforces
Thomson Reuters strong position in the FX dealing space and further
expands its global dealing community.

TBI, a state-owned bank, was established in July 2003 to facilitate
Iraq's international trade and the reconstruction of the country
after the expiration of the UN Oil-For-Food Programme. TBI has built
relationships with a network of 120 banks covering 63 cities in 39
countries. It was one of the first Iraqi banks to receive lines of
credit from major international financial institutions.

By joining the professional international FX community through
Thomson Reuters Dealing, TBI will be able to access liquidity and
counterparties across global FX and money markets.

TBI traders will also use Reuters 3000 Xtra, the company's real-time,
high-performance desktop that delivers a full range of real-time,
cross asset data and analysis tools for global financial
professionals. The Bank's dealing code will be TBIB.

Zaid A. Mahdi, Vice-President, Business Development at Trade Bank of
Iraq, said, "This connection to the international foreign exchange
community via the world's leading source of intelligent business
information is a milestone for Iraq and for the Bank.

"The deal means that TBI will be able to widen the range of financial
services it provides to help Iraqi businesses to trade
internationally and grow. It is further evidence that business in
Iraq is gradually returning to the international financial markets."

Jas Singh, Global Head of Treasury, Thomson Reuters, said, "Thomson
Reuters has maintained a strong presence in Iraq over the last 10
years and we are delighted to support the development of its
financial markets by equipping TBI with the right tools and
information to trade with the wider world. We look forward to working
with them to open further opportunities as their banking systems
develop".

Thomson Reuters Dealing is used by nearly 18,000 professionals across
5,000 organisations to trade FX spot and forwards, as well as money
market, fixed income, commodities and derivatives in over 120
countries.

About Thomson Reuters
Thomson  Reuters  is  the  world's  leading  source  of   intelligent
information for businesses  and professionals.   We combine  industry
expertise with innovative technology to deliver critical  information
to  leading  decision  makers  in  the  financial,  legal,  tax   and
accounting, healthcare and science and media markets, powered by  the
world's most  trusted news  organization.  With  headquarters in  New
York and major  operations in  London and  Eagan, Minnesota,  Thomson
Reuters employs  more than  50,000 people  and operates  in over  100
countries. Thomson Reuters  shares are  listed on  the Toronto  Stock
Exchange and New  York Stock  Exchange. For more  information, go  to
www.thomsonreuters.com

About Trade Bank of Iraq
TBI, a state-owned bank, was  established in July 2003 to  facilitate
Iraq's international  trade and  the  reconstruction of  the  country
after the expiration of the UN Oil-For-Food Programme. TBI has  built
relationships with a network  of 120 banks covering  63 cities in  39
countries. It was one  of the first Iraqi  banks to receive lines  of
credit from  major  international financial  institutions.  For  more
information, go to www.tbiraq.com.



CONTACTS
Thomson Reuters                      Trade Bank of Iraq

Yvonne Diaz                          Taiseer Mohammed
PR Director, Financial Services      Senior Manager, International
[phone]                     Operations Department
[e-mail]       [phone]
                                     [e-mail]
Candice Sgroi
PR Manager, Middle East & Africa
[phone]
[e-mail]


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